Nigerian Stock Market Loses N2.28 Trillion as Profit-Taking Triggers Third Straight Decline
The Nigerian stock market extended its losing streak on Wednesday, shedding a massive N2.28 trillion in market value as investors…
Category: Economy
Foreign Capital Inflows Surge 84% to $10.37 Billion as Investors Flock to Nigerian Assets in Q1 2026
Nigeria witnessed a significant boost in foreign capital inflows during the first quarter of 2026, attracting a total of $10.37…
NGX Group Calls for Stronger Capital Market Integration into Monetary Policy Framework
The Nigerian Exchange Group (NGX Group) has called for a stronger integration of the capital market into Nigeria’s monetary policy…
CBN FX Manual Reform: Cardoso Bets on Rules to Stabilise Nigeria’s Foreign Exchange Market
Nigeria’s foreign exchange market has long struggled with instability, uncertainty, and policy inconsistencies that have affected importers, exporters, and investors…
Naira Strengthens to N1,833/£1 as CBN Policies and FX Reserves Support Stability in Nigeria FX Market
The Nigerian naira has continued its steady performance against the British Pound Sterling, trading at around N1,833/£1 in the latest…
Nigeria’s China Zero-Tariff Deal Faces Reality Check as Experts Demand Shift to Value-Added Exports
More than a month after Nigeria was included in China’s zero-tariff arrangement for African exports, expectations are rising—but so are…
Afreximbank deploys new instruments, trading models for AfCFTA
The African Export-Import Bank (Afreximbank) is ramping up efforts to turn the African Continental Free Trade Area (African Continental Free…
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 Africa’s Most Admired Brand…
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 capitalisation…
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 Exchange (NGX) growing from…
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 quarter of 2026, despite ongoing power…
CSCS Launches T+1 Settlement Cycle in Nigeria: Capital Market Enters Faster Global Trading Era
Nigeria’s capital market has taken a major leap forward as the Central Securities Clearing System (CSCS) Plc officially launched the…
CBN Faces N10.90 Trillion Liquidity Surge in June as OMO Maturities Hit N7.77 Trillion Pressure Point
Nigeria’s financial system is heading into another wave of liquidity pressure as the Central Bank of Nigeria (CBN) prepares to…
CBN Targets N2.83tn Cash in Circulation as Nigeria Pushes Cashless Economy Ahead of 2027 Elections
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 Reserves
Despite signs of improved stability in Nigeria’s foreign exchange market, the naira failed to break into Africa’s top 10 best-performing…
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, making it the…
CBN Targets 95% Financial Inclusion by 2028 as Cardoso Unveils Digital Payments Vision
The Central Bank of Nigeria (CBN) has unveiled an ambitious plan to achieve 95 percent financial inclusion by 2028, a…
Nigeria Risks Losing Fintech Wealth as Tech Giants Eye Foreign Stock Listings, Expert Warns
Nigeria’s booming fintech sector has become one of the country’s biggest success stories, but a financial markets expert has warned…
Nigeria’s Crude Oil Sector Grows 16.4% Despite Falling Production — Signs of a Quiet Recovery Emerging
Nigeria’s crude petroleum sector has posted a surprising 16.37% year-on-year growth in the first quarter of 2026, signaling a rebound…
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 N111.48 billion…
NECA: Economic Reforms Fail to Ease Pressure on Nigerian Businesses Amid Rising Costs
Despite ongoing economic reforms in Nigeria, the Nigeria Employers’ Consultative Association (NECA) says many businesses are still struggling under heavy…
Nigeria’s Banks Face Rising Bad Loans as CBN Ends Regulatory Forbearance, NPL Ratio Hits 8.03%
Nigeria’s banking sector is under fresh pressure as bad loans climbed to 8.03 per cent in January 2026, following the…
Dangote Refinery Becomes World’s Largest Jet Fuel Exporter Amid Global Supply Disruptions
Nigeria’s Dangote Petroleum Refinery has achieved a major milestone, emerging as the world’s largest exporter of jet fuel in April…
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 performance despite ongoing…
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 within just two…
South Korea Kospi Hits Record High as Asian Markets Trade Mixed on Iran Peace Hopes
South Korea’s benchmark Kospi index surged to a fresh record high on Tuesday, leading gains across Asian markets as trading…
Capital Markets Urged to Fund Africa’s Creative Economy — Kwairanga Pushes for New Investment Class
African capital markets have been urged to expand their investment focus beyond traditional sectors such as oil, banking, and manufacturing,…
Nigeria’s Refinery Struggles Deepen as Fuel Import Bill Hits ₦46.17 Trillion Amid Calls for Local Production Reform
Nigeria’s dependence on imported fuel continues to spark debate as industry experts warn that local refineries are still struggling with…
FG Cancels $717.7 Million World Bank Power Loan as Nigeria’s Electricity Crisis Deepens
Nigeria’s efforts to revive its struggling electricity sector suffered a major setback after the Federal Government cancelled $717.7 million in…