Browsing Category
Local
Manufacturers Optimistic as CBN Interest Rate Cuts Promise Credit Boost Beyond…
Manufacturers in Nigeria are eyeing a rebound in access to bank credit after lending to the sector dropped to N7.09…
Nigerian Pension Funds Hit N28 Trillion as Contributor Base Tops 11 Million
The Nigerian pension fund industry has kicked off 2026 with remarkable growth, reaching a new high of N28.04…
Nigerian Equities Market Rebounds, NGX Gains N220bn Amid Investor Optimism
The Nigerian equities market recorded a strong rebound on Thursday, as gains in several medium- and large-cap…
Nigerian Stock Market Gains N221bn as Nestle Nigeria Drives Investor Demand
The Nigerian stock market witnessed a notable boost yesterday, with the Nigerian Exchange Limited (NGX) gaining…
Naira Holds Strong at N1,850/£1 Amid UK Pound Weakness and Rising Local Demand
The Nigerian naira settled at N1,850 per British pound (GBP) in the official foreign exchange market on Wednesday,…
CBN Withdraws N13.41 Trillion in January 2026 Amid Tight Liquidity Conditions
The Central Bank of Nigeria (CBN) pulled a record N13.41 trillion from the financial system in January 2026, nearly…
NTB Auction Sees N2.34 Trillion Demand as Investors Eye Higher Yields
Investors poured N2.34 trillion in bids at the latest Nigerian Treasury Bills (NTB) auction, more than double the…
Dangote Refinery Absorbs 20% Crude Cost Surge to Stabilise Petrol Supply in…
Nigeria’s largest refining facility, the Dangote Petroleum Refinery & Petrochemicals, has assured Nigerians…
Jaiz Bank Leads Trading Volume as Nigerian Stock Market Rises 0.18%
The Nigerian stock market closed slightly higher on March 5, 2026, as the Nigerian Exchange All-Share…
Finance and Technology Key to Unlocking Nigeria’s Gas Potential – Industry Leaders
Industry experts have stressed that stronger financing frameworks, strategic infrastructure investment, and the…
Report: Rising oil prices will improve current account balances of Nigeria, Ghana
A surge in global oil prices triggered by the escalating conflict involving the United States, Israel and Iran…
Oil Price Surges to $84 Per Barrel, Surpassing Nigeria’s 2026 Benchmark Amid…
Crude oil prices soared on Thursday, reaching $84 per barrel, the highest level in 2026, well above Nigeria’s…
Nigerian Private Sector Credit Slides to N75.24 Trillion in January 2026 Amid…
Nigerian banks’ lending to the private sector dipped to N75.24 trillion in January 2026, down from N75.83 trillion…
Nigeria to Launch National Single Window Digital Trade Platform on March 27
Nigeria is set to officially launch its National Single Window (NSW) digital trade platform on March 27, a move…
FG Sets Ambitious Goal: Manufacturing to Contribute 25% to Nigeria’s GDP by 2035
The federal government has unveiled a bold plan to significantly expand Nigeria’s manufacturing sector, targeting a…
CBN Strengthens Gold Reserves to $3.5bn as Senate Moves to Make Apex Bank Lead…
The Central Bank of Nigeria (CBN) has increased its gold reserves to $3.5 billion by acquiring domestically…
Nigeria’s $6 Billion Freight Market: Why Local Shipping Investors Are Missing Out
Despite Nigeria’s strategic 900-kilometre coastline and a market of over 200 million people, local shipping…
Nigeria’s Money Supply Falls to N123 Trillion as Bank Liquidity Tightens
Nigeria’s money supply (M²) experienced a slight decline in January 2026, falling 0.8 percent month-on-month to…
MTN and Aradel Lead Nigerian Market Value as All-Share Index Edges Down 0.08%
The Nigerian All-Share Index (ASI) closed slightly lower on 4th March 2026, dipping 0.08% to 196,463.2 points,…
CBN Treasury Bill Auction Sees N2.34 Trillion in Bids, One-Year Bill Leads…
The Central Bank of Nigeria (CBN) recorded strong investor interest at its Treasury Bill Primary Market Auction…
Cooking Gas Price Soars 40% to N1,400 per KG Amid Middle East Crisis
The price of cooking gas in Nigeria has surged sharply, jumping 40 percent to N1,400 per kilogram, following…
CBN Forex Reforms Boost Reserves and Stabilize Naira Amid Economic Recovery
Nigeria’s Central Bank (CBN) forex reforms have yielded significant results, with the country’s external reserves…
CBN Reforms Push Naira to First Annual Gain in 13 Years
Nigeria’s currency recorded a historic turnaround in 2025 as reforms by the Central Bank of Nigeria (CBN) helped…
Nigerian Crude Oil Surges Past $80 Amid Middle East Tensions – Highest Since 2024
Nigerian crude oil prices have climbed past $80 per barrel, marking the highest levels since mid-2024. The spike…
Nigeria’s Path to Global Oil Leadership: Strategic Measures Highlighted by…
The Society of Petroleum Engineers Nigeria (SPEN) has urged swift action, resilience in coordination, and…
Nigeria Telecoms GDP Hits N18.5tn in 2025 as Data Boom and 5G Rollout Accelerate…
Nigeria’s telecommunications industry strengthened its grip on the economy in 2025, contributing N18.5 trillion to…
Higher Oil Prices Not Nigeria’s Opportunity: Gas Shock and Strait of Hormuz Risk…
Higher oil prices are once again dominating global headlines, but they may not represent the opportunity many…
Indigenous Operators Drive Nigeria’s Oil Production Ambitions
Nigeria’s upstream oil and gas sector is undergoing a pivotal transformation as indigenous operators move from…
Nigeria’s Economy Set to Grow 5.5% in 2026 as Inflation Falls to 6%
Nigeria is poised for stronger economic growth in 2026, with analysts projecting a full-year GDP increase of 5.55%…
Nigeria’s Net Reserves Soar to $34.8 Billion in Two Years, Boosting Economic…
Nigeria’s net external reserves have skyrocketed by 772 percent over the past two years, reaching $34.8 billion at…