FMDQ FX Market Turnover Jumps 22% to $2.84 Billion as Trading Activity Gains Momentum
Nigeria’s foreign exchange market recorded a significant boost in trading activity as total turnover on the FMDQ Exchange climbed to…
Category: Local
MPR: Analysts see MPC holding rates as election cycle begins
As Nigeria edges closer to the 2027 general elections, financial analysts are increasingly convinced that the Central Bank of Nigeria…
Nigeria Earns N20.2tn from Crude Oil Exports in Five Months Despite Lower Shipment Volumes
Nigeria’s crude oil export earnings surged to an estimated N20.22 trillion in the first five months of 2026, highlighting the…
FCCPC Warns Fuel Marketers as High Petrol Prices Persist Despite Falling Crude Oil Prices
Nigeria’s consumer protection watchdog, the Federal Competition and Consumer Protection Commission (FCCPC), has raised fresh concerns over the continued high…
Nigerian Stocks Lose N11 Trillion as Market Correction Deepens: Opportunity or Warning Sign?
Nigeria’s stock market has shed more than N11 trillion from its recent peak, sparking fresh debate among investors over whether…
Apex African Gas Expands Capacity to 110 Tons Daily with N10 Billion Lagos Plant Investment
Apex African Gas Nigeria Limited has taken a major step in strengthening Nigeria’s industrial gas sector with the commissioning of…
Dangote Slashes Petrol Price by N50 as Falling Crude Oil Prices Raise Hopes for Cheaper Fuel
Nigeria’s fuel market received a fresh boost on Thursday as Dangote Petroleum Refinery announced a N50 reduction in its petrol…
Tax Compliance Key to Nigeria’s Economic Growth, Says Oyedele
Nigeria could witness unprecedented economic growth if it succeeds in improving tax compliance across the country, Chairman of the Presidential…
Ceramic Industry Investment Key to Nigeria’s $1 Trillion Economy Goal, Experts Say
Nigeria’s journey toward becoming a $1 trillion economy by 2030 could receive a significant boost from the ceramics industry if…
CBN Data Localization Policy Set to Spark Data Centre Investment Boom in Nigeria
Nigeria’s digital infrastructure sector is gearing up for a major transformation following the Central Bank of Nigeria’s (CBN) directive requiring…
Nigeria’s exports to East, Southern Africa hit N1tn
Nigeria’s exports to East and Southern African countries have crossed the N1 trillion mark for the first time, highlighting the…
Nigerian Stock Market Extends Losses as Investors Wipe Out N959bn in One Day
The Nigerian stock market suffered another major setback on Thursday as persistent sell-offs erased N959 billion from investors’ wealth, extending…
Nigeria Surpasses OPEC Quota as Energy Marketers Push for Increased Oil Investment
Nigeria’s recent success in exceeding its Organisation of Petroleum Exporting Countries (OPEC) oil production quota has sparked fresh calls for…
Nigerian Banks Grow Stronger as Private Sector Credit Declines Despite Record Capital Growth
Nigeria’s banking sector is experiencing a remarkable paradox. While banks are stronger and better capitalized than ever before, the flow…
Dangote Refinery IPO Frenzy Sparks Investor Rush as SEC Issues Warning
The anticipation surrounding the highly awaited Dangote Refinery IPO has reached fever pitch, prompting Nigeria’s Securities and Exchange Commission (SEC)…
Banks’ Non-performing Loans Rise To 9.85% After CBN’s Forbearance Withdrawal
Nigeria’s banking sector has recorded a sharp rise in non-performing loans (NPLs), with the ratio climbing to 9.85 per cent…
El Niño Threatens Nigeria’s Power Supply as Hydropower Generation Faces Major Setback
Nigeria’s electricity sector could be heading toward another period of instability as climate experts warn that the ongoing El Niño…
Dangote Refinery Rejects Togo Fuel Re-Import Claims, Calls Allegations Misleading
Nigeria’s largest refinery, Dangote Petroleum Refinery and Petrochemicals, has strongly denied reports suggesting that fuel exported from its facilities is…
Fuel Import Licences Issued as FG Moves to Prevent Petrol Shortages in Q3 2026
The Federal Government has issued fresh fuel import licences to major petroleum marketers as part of efforts to ensure a…
Nigeria’s AI Adoption More Hype Than Reality, Expert Warns
Artificial intelligence is rapidly becoming a buzzword across industries in Nigeria, but one technology expert believes the country’s embrace of…
Analysts Predict Mixed Outlook for Nigerian Stocks in H2 2026
After an exceptional first half of 2026, Nigeria’s stock market is entering a critical phase that could redefine investor fortunes…
Naira Suffers Sharpest Fall Since April as Dollar Strength Pushes Exchange Rate to N1,389/$
Nigeria’s currency came under renewed pressure on Wednesday, recording its sharpest single-day depreciation since April as the naira closed at…
Nigerian Equities Market Suffers Record N3.64 Trillion Loss as Cement Giants Trigger Massive Selloff
Nigeria’s stock market suffered its most severe one-day setback of 2026 on Wednesday as a wave of profit-taking in some…
ACCI Warns FG Against Tax Policies That Could Hurt Businesses as Nigeria Pursues $1 Trillion Economy
As Nigeria intensifies efforts to build a $1 trillion economy, the Abuja Chamber of Commerce and Industry (ACCI) has cautioned…
Oil Prices Crash but Nigerians Still Pay Over N1,000 Per Litre for Petrol
Despite a significant drop in global crude oil prices, Nigerians are yet to feel the impact at filling stations as…
OMO Maturities Inject N3.39tn Liquidity into Nigeria’s Banking System, Drive Market Shift
The Nigerian financial system is set for a major liquidity boost this week, with an estimated N3.39 trillion expected to…
MAN Seeks N1 Trillion Stabilisation Fund as Manufacturing Credit Plunges by 22.5%
Nigeria’s manufacturing sector is facing mounting financial pressure after commercial bank credit to the industry fell sharply by 22.5 percent…
NUPRC Pushes Drone Surveillance to Protect Nigeria’s Oil and Gas Assets
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has intensified efforts to strengthen the security of the nation’s oil and gas…
NGX Rally Continues as Investors Gain N1.64tn, Airtel Africa and Banking Stocks Lead Surge
The Nigerian Exchange (NGX) sustained its bullish momentum on Tuesday, with investors recording significant gains as renewed buying interest pushed…
Nigeria Inflation Outlook Brightens as Analysts Predict Gradual Decline from July
Nigeria’s inflation outlook is showing signs of improvement as financial analysts project a gradual easing of price pressures beginning in…