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Listed Consumer Goods Firms Pay N70.1bn in Royalties, Fees as Multinational Costs…
Eight listed consumer goods companies in Nigeria paid a combined N70.1 billion in royalties, technical fees,…
FG Sets New Interest Rates for Late Tax Payments From October 1
Taxpayers in Nigeria who delay their tax payments will face a new interest-rate regime from October 1, 2026, as…
Ogun, DP World Sign $7bn Deal for Deep Seaport, Special Economic Zone
Ogun State has taken a major step towards strengthening Nigeria’s maritime and industrial economy after the…
Nigeria Stock Market Gains N622 Billion as NGX Bull Run Continues on Strong…
Nigeria’s stock market extended its bullish run on Thursday, September 24, as equities attracted strong…
Seplat Share Price Hits Record N16,000 as Stock Surges 175% in 2026
Seplat Energy Plc has reached a fresh milestone on the Nigerian Exchange Limited (NGX), with its share…
Naira Holds Firm at ₦1,762 Against Pound Despite CBN Rate Cut
The naira to pound exchange rate in Nigeria remained relatively strong at the mid-week trading session, with the…
Nigeria Oil Production Hits 307 Million Barrels in Six Months – NUPRC
Nigeria’s oil production climbed to nearly 307 million barrels between March and August 2026, signalling a…
NGX Stocks Hit Record High as Market Capitalization Climbs to N163.06tn
The Nigerian stock market extended its strong September run on Wednesday, September 23, with the NGX All-Share…
Nigeria’s Rate Cut Narrows Carry-Trade Advantage as Ghana Offers Wider Real Return
Nigeria’s latest interest-rate cut has changed the dynamics of the West African investment landscape, with…
FG Raises N6.69 Billion From September Savings Bond at 15.12%
The Federal Government of Nigeria has raised N6.69 billion through its September 2026 Savings…
FG to Deploy 300 Containers of Power Equipment to Upgrade Nigeria’s Transmission…
The Federal Government is set to deploy more than 300 containers of critical power equipment to strengthen…
Domestic Investors Take 90% of NGX Trading Activity as Foreign Participation Falls
Domestic investors are tightening their grip on Nigeria’s equities market, accounting for 89.8 per cent of…
Nigeria’s FX Supply Rises 20.5% to $8.94bn in 2025 as Dollar Liquidity Improves
Nigeria’s foreign exchange supply rose significantly in 2025, reaching $8.94bn, up 20.5 per cent from the…
Naira Faces Depreciation Pressure as CBN Slashes Interest Rate to 23% — Rewane
The naira could come under renewed depreciation pressure following the Central Bank of Nigeria’s (CBN)…
NSIA, Africa50 launch $300m Nigeria DRE Fund to accelerate renewable energy…
The Nigeria Sovereign Investment Authority (NSIA), Africa50 and Sustainable Energy for All (SEforALL) have…
IHS Nigeria Pushes for More Sustainable Telecom Infrastructure as Industry…
IHS Nigeria has renewed its commitment to building a more sustainable, resilient and inclusive…
67.4% of Nigerians Back Petrol Subsidy Return as Fuel Prices Dominate Public…
A new survey by SBM Intelligence has revealed that 67.4 per cent of Nigerians surveyed want the Federal…
World Bank Urges Nigeria to Build Digital Data Platforms for AI-Powered…
The World Bank has called on Nigeria and other African countries to develop national agricultural data platforms…
Dangote, marketers slash petrol prices as crude oil falls below $100
The Dangote Petroleum Refinery and other petroleum marketers have reduced their depot prices for Premium…
Edible Oil Tanker Drivers Suspend Strike After FG, DSS Intervention
Nigeria’s edible oil tanker drivers have suspended their planned industrial action, averting a potential…
Digital Invoicing Must Unlock Affordable Working Capital for Nigerian SMEs,…
Nigeria’s Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has called for the country’s National…
Dangote Plans 2028 IPO for Fertiliser Business as Group Deepens NGX Presence
President of Dangote Industries Limited, Aliko Dangote, has announced plans to list the group’s fertiliser…
CBN Cuts Interest Rate to 23% as Inflation Eases, Lowest Level Since February 2024
The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) to 23 percent, marking the first…
Nigeria’s Foreign Reserves Hit $55 Billion, Highest Level in Over 18 Years
Nigeria’s foreign reserves have crossed the $55 billion mark, reaching their highest level in more than 18…
CBN’s 350bps Rate Cut Could Spur Economic Growth, Raise FX Pressure Risks
The Central Bank of Nigeria (CBN) has taken a major step toward supporting economic growth, cutting its…
Cash Outside Banks Rises to N4.87 Trillion in August After Three-Month Decline
Cash outside banks in Nigeria rose to N4.87 trillion in August 2026, reversing a three-month downward trend,…
Pertamina Eyes Nigeria’s 2026 Oil Licensing Round as Investment Interest Grows
Indonesia’s state-owned energy company, Pertamina, is exploring investment opportunities in…
Dangote Expands Refinery, Acquires 4,000 Machines to Raise Capacity to 1.4 Million…
Dangote Industries Limited has stepped up plans to expand its Lekki refinery in Lagos, acquiring an…
NMDPRA Says It Does Not Fix Petrol Prices as Pump Prices Rise to N1,450
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that it…
Dangote IPO Could Transform Nigeria’s Capital Market as Millions Gain Access to…
The Dangote IPO Nigeria is emerging as more than a landmark share sale for Africa’s biggest refinery. The…