Foreign Investors Return to NGX as Market Hits Record N2.03tn in 2025
Foreign portfolio investors have made a powerful comeback to the Nigerian Exchange Limited, with foreign trades surging to an unprecedented…
Category: Business
SEC Summit to Highlight Technology-Driven Compliance in Nigeria’s Capital Market
The Securities and Exchange Commission has underscored the growing importance of technology-led compliance in Nigeria’s capital market as it prepares…
Auditor-General Alleges CBN Recycled N29.7bn Dirty Notes in Violation of Clean Note Policy
The Central Bank of Nigeria has come under renewed scrutiny as the Office of the Auditor-General of the Federation accuses…
FUGAZ Banks Drag Nigerian All-Share Index Down 0.23% Despite Surge in Trading Volume
The Nigerian stock market faced a modest downturn on Tuesday, 19th November, as the All-Share Index (ASI) slipped 340.50 points…
Nigerian Stock Market Opens Week in Red, N1.17 Trillion Lost Amid Decline in Major Stocks
The Nigerian equities market began the week on a downward trend, recording a staggering N1.172 trillion loss. The All Share…
CBN Warns Public: Zuldal Microfinance Bank Not Licensed to Operate in Nigeria
The Central Bank of Nigeria (CBN) has issued a stern warning to the public over an entity claiming to operate…
Lagos SME Bootcamp Empowers Over 700 Entrepreneurs with Skills and Funding Opportunities
Over 700 small business owners gathered in Lagos for the 8th edition of the Lagos SME Bootcamp, an annual event…
TotalEnergies and Conoil Complete Strategic Asset Swap in Nigerian Offshore Blocks
In a strategic move reshaping offshore oil operations in Nigeria, TotalEnergies Marketing Nigeria Plc has signed an asset swap agreement…
Nvidia Reports Record $57B Q3 Revenue as AI Demand Soars
Nvidia has shattered expectations with a record $57 billion in third-quarter revenue, marking a 62% increase from the same period…
Alles Charis Gas Boosts Domestic LPG Supply with New 500MT Depot in Ondo
Alles Charis Gas Limited has taken a significant step in deepening domestic LPG supply in Nigeria by commissioning a 500-metric-tonne…
PENGASSAN Raises Alarm Over Eroding Oil and Gas Retirees’ Pensions
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised concerns over the declining value of pensions…
Nigeria’s Aviation Sector: Africa’s Most Under-Exploited Market, Says President Tinubu
President Bola Ahmed Tinubu has called on global investors to explore the vast potential in Nigeria’s aviation sector, describing it…
FG, States, LGs Share N2.09 Trillion in October 2025 FAAC Allocation
The Federal Government, states, and local governments shared a total of N2.094 trillion from the October 2025 Federation Account Allocation…
Nigeria Targets N1.49tn Annual Revenue from West African Electricity Exports
Nigeria is set to earn nearly $1 billion (about N1.49 trillion) annually from electricity exports to 15 West African countries…
CATL Shares Drop as Lockup Expires, Triggering Investor Sell-Off in Hong Kong
China’s battery giant CATL saw its Hong Kong-listed shares tumble on Thursday, falling as much as 8.75% after a major…
Nigerian Bank Stocks Slide as Sell-Off Deepens on NGX in November 2025
The Nigerian stock market has been caught in a wave of heavy sell-offs this November, with banking stocks at the…
Nigerian Stock Market Dips Further as Investors Lose N216bn — Market Capitalisation Falls Again
The Nigerian stock market extended its bearish run on Wednesday as investors lost an additional N216bn, deepening concerns over persistent…
Banks Alert Customers as FIRS Intensifies Enforcement of 10% Tax on Fixed-Income Interest
Nigerian banks have begun issuing fresh alerts to customers after the Federal Inland Revenue Service (FIRS) reaffirmed the enforcement of…
Nigerian Stocks Stall After N7 Trillion Loss Amid Market Volatility
The Nigerian Exchange (NGX) All-Share Index (ASI), which has enjoyed a remarkable rally this year thanks to economic reforms and…
NGX Tech Listings Stalled as Awareness Gap Drives Startups Toward Acquisitions
Nigeria’s technology startups are showing little interest in listing on the Nigerian Exchange Limited (NGX), with a new report pointing…
Nigeria’s Pension Fund Hits N26 Trillion as Assets Grow 22% in 12 Months
Nigeria’s pension fund assets have soared to N26.09 trillion as of September 2025, marking a 22.03% year-on-year growth, according to…
E-Cedi to Strengthen Ghana’s Monetary Sovereignty and Reduce Forex Dependence – Ecobank MD
The Managing Director of Ecobank Ghana, Abena Osei-Poku, has highlighted the pivotal role of the E-Cedi in reinforcing Ghana’s monetary…
TotalEnergies Eyes Nigeria’s 2025 Oil Licensing Round After 2024 Block Wins
French energy giant TotalEnergies has expressed keen interest in participating in Nigeria’s upcoming 2025 oil licensing round, building on its…
Internet banking overtakes ATM, PoS as transaction values surge to ₦542.98trn
Banking transactions conducted through Web Pay, also known as internet banking, surged to ₦542.98 trillion in the first quarter (Q1)…
Seplat Energy Chairman Udoma to Lead 2025 PEARL Awards Nite in Lagos
The Board of Governors of the PEARL Awards Nigeria has announced that Mr. Udoma Udo Udoma, Chairman of Seplat Energy…
Nigeria’s Foreign Reserves Hit 7-Year High of $46.7 Billion Amid Economic Recovery
Nigeria’s foreign-exchange reserves have climbed to a seven-year high of $46.7 billion, the Central Bank of Nigeria (CBN) announced on…
European Markets Slip as Investors Await Nvidia Earnings and UK Inflation Cools
European markets were on track for a cautious start Wednesday as investors turned their focus to Nvidia’s highly anticipated earnings…
Nigeria Surpasses 1.7m Barrels Per Day as Oil Output Rebounds — NUPRC
Nigeria’s oil production has crossed the 1.7 million barrels per day (bpd) mark multiple times in 2025, signaling a strong…
Seplat Empowers 25 Imo Journalists Through Two-Day Media Capacity Workshop
Seplat Energy Plc has reaffirmed its commitment to strengthening Nigeria’s media landscape by hosting a two-day intensive workshop for journalists…
FG Begins Testing for National Single Window Ahead of 2026 Rollout
The Federal Government has officially kicked off User Acceptance Testing for the National Single Window (NSW), marking a major milestone…