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Economy
Dangote Crowned Africa’s Most Admired Brand for Eighth Consecutive Year
Dangote Industries Limited has once again solidified its reputation as a continental powerhouse after being named…
NGX Loses N2.29 Trillion as Market Sell-Off Deepens in Early June Trading
The Nigerian equities market started June 2026 on a bearish note, wiping out a staggering N2.29 trillion in market…
Tinubu’s Economic Reforms Propel Nigerian Stock Market to Record N160 Trillion
Nigeria's stock market has witnessed an unprecedented transformation over the last three years, with the Nigerian…
DisCos Generate N600bn in Q1 Despite Persistent Power Outages Across Nigeria
Nigeria's Electricity Distribution Companies (DisCos) generated nearly N600 billion in revenue during the first…
CSCS Launches T+1 Settlement Cycle in Nigeria: Capital Market Enters Faster Global…
Nigeria’s capital market has taken a major leap forward as the Central Securities Clearing System (CSCS) Plc…
CBN Faces N10.90 Trillion Liquidity Surge in June as OMO Maturities Hit N7.77…
Nigeria’s financial system is heading into another wave of liquidity pressure as the Central Bank of Nigeria (CBN)…
CBN Targets N2.83tn Cash in Circulation as Nigeria Pushes Cashless Economy Ahead…
The Central Bank of Nigeria (CBN) has announced a bold plan to pull about N2.83 trillion in cash currently outside…
Nigeria Courts Turkish Investors in Bold Push to Tap $750bn Mineral Wealth
Nigeria has taken a major step to unlock its vast mineral wealth as it signs a new partnership with Türkiye…
Naira Misses Africa’s Top 10 Currencies in May Despite FX Stability and Rising…
Despite signs of improved stability in Nigeria’s foreign exchange market, the naira failed to break into Africa’s…
Nigeria Makes History as Capital Market Shifts to Faster T+1 Settlement Cycle
Nigeria’s capital market has recorded a major breakthrough with the official launch of a T+1 settlement cycle,…
CBN Targets 95% Financial Inclusion by 2028 as Cardoso Unveils Digital Payments…
The Central Bank of Nigeria (CBN) has unveiled an ambitious plan to achieve 95 percent financial inclusion by 2028,…
Nigeria Risks Losing Fintech Wealth as Tech Giants Eye Foreign Stock Listings,…
Nigeria's booming fintech sector has become one of the country's biggest success stories, but a financial markets…
Nigeria’s Crude Oil Sector Grows 16.4% Despite Falling Production — Signs of a…
Nigeria’s crude petroleum sector has posted a surprising 16.37% year-on-year growth in the first quarter of 2026,…
NGX Stock Market Turnover Drops 31% to N111bn Amid Holiday-Shortened Trading Week
The Nigerian stock market ended a shortened trading week on a softer note, as equity traders exchanged about…
NECA: Economic Reforms Fail to Ease Pressure on Nigerian Businesses Amid Rising…
Despite ongoing economic reforms in Nigeria, the Nigeria Employers’ Consultative Association (NECA) says…
Nigeria’s Banks Face Rising Bad Loans as CBN Ends Regulatory Forbearance, NPL…
Nigeria’s banking sector is under fresh pressure as bad loans climbed to 8.03 per cent in January 2026, following…
Dangote Refinery Becomes World’s Largest Jet Fuel Exporter Amid Global Supply…
Nigeria’s Dangote Petroleum Refinery has achieved a major milestone, emerging as the world’s largest exporter of…
Naira Ends May at N1,372/$ as FX Market Stability Boosts Investor Confidence
The Nigerian naira ended May 2026 at N1,372 against the United States dollar, marking a relatively stable…
Nigeria Private Sector Credit Declines by N14 Trillion Despite CBN Rate Cut
Nigeria’s private sector has recorded a sharp contraction in lending, with credit falling by over N14 trillion…
South Korea Kospi Hits Record High as Asian Markets Trade Mixed on Iran Peace…
South Korea’s benchmark Kospi index surged to a fresh record high on Tuesday, leading gains across Asian markets as…
Capital Markets Urged to Fund Africa’s Creative Economy — Kwairanga Pushes for New…
African capital markets have been urged to expand their investment focus beyond traditional sectors such as oil,…
Nigeria’s Refinery Struggles Deepen as Fuel Import Bill Hits ₦46.17 Trillion Amid…
Nigeria’s dependence on imported fuel continues to spark debate as industry experts warn that local refineries are…
FG Cancels $717.7 Million World Bank Power Loan as Nigeria’s Electricity Crisis…
Nigeria’s efforts to revive its struggling electricity sector suffered a major setback after the Federal Government…
Nigeria’s Oil Sector Contributes 3.92% to GDP in Q1 2026 Despite Improved Growth…
Nigeria’s oil sector accounted for 3.92% of the country’s real Gross Domestic Product (GDP) in the first quarter of…
Naira Weakens to N1,375/$ Amid Rising FX Pressure Despite $48.72bn External…
The Naira weakened to N1,375.46 per dollar in the official market last week, marking a 0.32% decline as pressure…
MPC Holds Interest Rate at 26.5% as Inflation Pressures Rise: What It Means for…
At its 305th meeting, Nigeria’s Monetary Policy Committee (MPC) chose to keep the Monetary Policy Rate (MPR)…
Nigeria’s Economic Pulse: NBS GDP Report, AfDB Meetings, Dangote Refinery IPO and…
Nigeria and the wider African business landscape are set for a packed week of economic signals and…
Cooking Gas Crisis in Nigeria: Prices Hit ₦1,500/kg as Marketers Warn of Scarcity…
Nigeria’s cooking gas market is under fresh pressure as marketers raise alarm over worsening scarcity and a sharp…
Nigeria’s Foreign Reserves Rebound by $551 Million in May, Boosting Confidence in…
Nigeria’s foreign reserves have recorded a remarkable recovery, rising by approximately $551 million within the…
CBN Sells N829.32bn Treasury Bills as Investors Rush Long-Term Papers Amid Strong…
The Central Bank of Nigeria (CBN) has allotted a total of N829.32 billion at its Treasury Bills Primary…