Browsing Category
Local
Liquidity Surplus Pushes Banks’ CBN Deposits to N6.28tn
Nigerian banks have increased their deposits with the Central Bank of Nigeria (CBN) to N6.28tn, underscoring the…
NGX sheds N468bn as profit-taking hits banking, industrial stocks
The Nigerian Exchange (NGX) closed lower on Tuesday as investors locked in gains from recent market…
NNPCL Reports N7.2trn Profit After Tax in 2025 Despite Revenue Drop
The Nigerian National Petroleum Company Limited (NNPCL) recorded N7.2 trillion in profit after tax in 2025, marking…
Oduwole: Digital connectivity must translate into productivity, economic…
Minister of Industry, Trade and Investment, Jumoke Oduwole, has called for Nigeria’s growing investment in digital…
CBN Offers N2.5tn OMO Bills as N2.43tn Repayment Hits Banking System
The Central Bank of Nigeria (CBN) has offered N2.5 trillion in fresh Open Market Operations (OMO) bills as N2.433…
Nigeria’s External Debt Rises by $11.4bn Under Tinubu as Borrowing Accelerates
Nigeria’s external debt has climbed by about $11.4 billion since President Bola Ahmed Tinubu assumed office,…
FG Sets September 2028 Deadline to End Regulated Gas Pricing in Nigeria
Nigeria is set to end regulated gas pricing by September 24, 2028, as the Federal Government moves towards…
Tinubu Witnesses $7bn Ogun Deep Seaport Deal as DP World Signs Major Investment…
The Ogun State Government and global ports and logistics operator DP World have signed Memoranda of Understanding…
Nigeria’s Petrol Exports Hit Nearly N1tn as Dangote Refinery Drives Sixfold Surge
Nigeria’s petrol export earnings surged to N998.50bn in the first half of 2026, marking a dramatic shift…
Dangote Refinery IPO: Loyal Shareholders to Get 1 Bonus Share for Every 10 Held
Investors participating in the Dangote Petroleum Refinery and Petrochemicals IPO could have an extra reason…
Nigeria Stock Market Gains N622bn as Bulls Extend Winning Run
Nigeria’s equities market maintained its bullish momentum on Thursday as renewed buying interest across…
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…