CBN Struggles to Recover N629 Billion Anchor Borrowers’ Loans, Audit Reveals
Nigeria’s Auditor General has raised serious concerns over the management of the Central Bank of Nigeria’s (CBN) flagship Anchor Borrowers’…
Category: Business
Experts Urge Nigeria to Sell Aging Refineries Amid N2.92 Trillion Investment in 2024
As the Nigerian National Petroleum Company Limited (NNPCL) weighs the future of the country’s refineries, energy experts are urging the…
OPEC Maintains Nigeria’s 1.5 Million BPD Oil Quota Through 2026
The Organisation of the Petroleum Exporting Countries (OPEC) has confirmed that Nigeria’s crude oil production quota will remain at 1.5…
FG Cracks Down on Terror Financing: Nigerian Banks and Firms Face Prosecution
The Federal Government of Nigeria has pledged to take stringent action against banks, financial institutions, and accounting firms found aiding…
FCMB Named Nigeria’s Best SME-Focused Bank 2025, Leading N1.8 Trillion SME Disbursements
First City Monument Bank (FCMB) has been recognised as Nigeria’s Best SME-Focused Bank for 2025 by the Chartered Institute of…
Dangote Refinery Pledges 1.5 Billion Litres of Petrol Monthly to Boost Nigeria’s Fuel Security
Dangote Petroleum Refinery has confirmed it will supply 1.5 billion litres of Premium Motor Spirit (PMS) monthly, equivalent to 50…
NNPCL’s Crude-for-Loan Burden Hits N8.07tn: Eagle, Gazelle, Yield Projects Drive Debt Exposure
The Nigerian National Petroleum Company Limited (NNPCL) is grappling with a staggering N8.07tn in crude-backed loan obligations, according to its…
Top 10 Nigerian Stockbrokers Transact N6.6 Trillion on NGX in 11 Months
Nigeria’s stock market witnessed significant activity in the first 11 months of 2025, with ten leading stockbroking firms facilitating trades…
Nigeria’s Refining Capacity Hits 62% Amid Crude Shortages and Technical Challenges
Nigeria’s oil refining sector continues to struggle with low utilisation despite having a combined installed capacity of 1.125 million barrels…
Nigerian Equities Market Suffers N6.5 Trillion Loss in November Amid Investor Caution
The Nigerian equities market recorded its worst monthly performance in history in November 2025, with a staggering N6.543 trillion wiped…
SEC Pledges Stronger Action Against Ponzi Schemes to Protect Nigerian Investors
The Securities and Exchange Commission (SEC) has reinforced its commitment to protecting Nigerian investors by pledging stronger collaboration with law…
European Markets Face Downturn as December Trading Begins Amid Global Uncertainty
European stock markets are starting December on a cautious note, with major indices expected to open lower. The U.K.’s FTSE…
Dangote Group Partners with Kano State to Boost Trade, SMEs, and Social Programmes at 2025 Trade Fair
The Dangote Group and the Kano State government have announced a strengthened partnership aimed at boosting business activities and social…
Google Unveils N3bn Investment to Boost AI Skills and Digital Safety in Nigeria
Google, through its philanthropic arm Google.org, has announced a major N3 billion (US$2.1 million) commitment to support Nigeria’s fast-growing digital…
Nigeria Imports 828m Litres of Petrol as Dangote Refinery Falls Short in October
Nigeria’s fuel security weakened in October after the Dangote Petroleum Refinery supplied only a fraction of the nation’s petrol needs,…
Naira Strengthens to N1,470/$ Amid Rising Forex Reserves as U.S. Dollar Index Gains
The Nigerian Naira showed mixed performance on Friday as it strengthened slightly in the unofficial market while softening in the…
NNPC Boosts Investment in Dormant Refineries to N2.92tn Amid Ongoing Revival Plans
The Nigerian National Petroleum Company Limited (NNPC) increased its investment in the country’s three non-operational refineries to N2.92 trillion in…
Nigeria’s Company Income Tax Surges 40% to N2.78 Trillion in Q2 2025
Nigeria’s Company Income Tax (CIT) collections skyrocketed in the second quarter of 2025, reaching a record N2.78 trillion. The latest…
Dangote Group Expands Fertiliser Production with Global Partnerships in Nigeria and Ethiopia
Dangote Group has launched a major expansion of its fertiliser operations in Nigeria and Ethiopia, partnering with leading global engineering…
NNPCL-Heirs Energies JV Doubles Gas Supply, Boosting Power Generation Across Eastern Nigeria
Nigeria’s domestic gas supply and electricity generation have received a major boost following a landmark development by the NNPCL/Heirs Energies…
CBN Orders Banks to Withdraw Misleading Ads to Protect Consumers
The Central Bank of Nigeria (CBN) has issued a stern directive to all banks, payment service banks, and other regulated…
European Markets End November Mixed; Delivery Hero Surges Over 15% Amid Strategic Review
European stocks closed Friday with a mixed performance as investors digested a volatile month of trading. The pan-European Stoxx 600…
Nigerian Stock Market Rebounds with N111 Billion Gain Driven by MTNN, Banking, and Insurance Sectors
The Nigerian equities market staged a notable recovery on Thursday, November 27, 2025, adding N111.08 billion to its market capitalization…
Nigerian Stock Market Gains N111bn as Investor Optimism Returns
The Nigerian equities market closed on a positive note yesterday, recording a remarkable N111 billion gain, fueled by renewed investor…
CSCS Implements T+2 Settlement Cycle, Boosting Efficiency in Nigeria’s Capital Market
The Central Securities Clearing System Plc (CSCS) has officially implemented the T+2 settlement cycle in Nigeria’s capital market, effective Friday,…
CBN Orders Banks to Withdraw Non-Compliant Advertisements: Ensures Consumer Protection
The Central Bank of Nigeria (CBN) has issued a stern directive to Deposit Money Banks (DMBs), Payment Service Banks (PSBs),…
Asia-Pacific Stocks Mixed as Tokyo Inflation Surprises, Fueling Rate-Hike Expectations
Asia-Pacific markets delivered a mixed performance on Friday as investors navigated fresh signals from Japan’s capital city and awaited India’s…
NNPCL’s N17.5tn Pipeline Security Spending Sparks Audit Demands in 2024 Financial Review
Nigeria’s national oil company, the Nigerian National Petroleum Company Limited (NNPCL), has revealed that the Federation owes it an extraordinary…
SEC Orders Full Registration of All Tradable Instruments by January 2026
The Securities and Exchange Commission (SEC) has issued a firm directive to all Capital Market Operators, requiring them to declare…
Kalahari Cement Secures Majority Stake in EAPC Through NSSF Deal
Kalahari Cement has taken a major step in expanding its footprint in East Africa by acquiring a 27% equity stake…