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36 States’ Budgets Surge 47% to N40tn as Capital Spending Share Drops
Nigeria’s 36 states and the Federal Capital Territory (FCT) have significantly expanded their budgets for 2026,…
Farmers fear crisis as food inflation hits six-month high
Nigeria’s food inflation has climbed to a six-month high of 20.31 per cent, raising fresh concerns about the…
Investors Submit N1.73tn as DMO Allots N1.56tn in FGN Bond Auction
Investors showed strong appetite for Nigerian government securities as they submitted bids worth N1.73 trillion at…
Naira Strengthens as Nigeria’s Foreign Reserves Hit $52.5bn, CBN Says
Nigeria’s foreign exchange market is showing fresh signs of stability as the naira continues to strengthen, with…
Dangote Refinery Secures $1bn Backing Ahead of Planned IPO
The Dangote Petroleum Refinery has secured a $1 billion underwriting programme ahead of its planned initial public…
Nigeria’s Gas Market Set for Major Shift as Exchange Trading Promises Clearer…
Nigeria’s gas market could be heading for a major transformation as the country moves towards exchange-based…
PwC Warns Nigeria’s 30% Capital Gains Tax Creates Offshore Tax Loopholes
Nigeria’s new 30 per cent capital gains tax (CGT) regime could create uncertainty for companies involved in…
FG, States and LGs Share Record N3.007trn as July Revenue Jumps 18%
Nigeria’s federal, state and local governments shared a record N3.007 trillion in FAAC revenue allocation for July,…
NGX Loses N544.5bn as First HoldCo, Fidelity Bank Drive Six-Day Market Slide
Nigeria’s equities market extended its losing streak on Tuesday, August 18, 2026, as investors continued to lock in…
NAFEM Turnover Hits $1.41 Billion as FX Market Activity Rebounds
NAFEM turnover surged to $1.41 billion on August 17, 2026, marking its highest level in five weeks as trading…
DMO Allots N1.56 Trillion in FGN Bonds as Investor Demand Reaches N1.73 Trillion
Nigeria’s Debt Management Office (DMO) has allotted a combined N1.56 trillion in Federal Government of Nigeria…
Nigeria’s Net FX Flow Falls 29% to $4.94 Billion in March as Outflows Surge
Nigeria’s net foreign exchange (FX) flow fell by 29% month-on-month to $4.94 billion in March 2026, down from $6.98…
Oil Price Rally Lifts Nigeria’s Earnings in First Half of 2026 – Afreximbank
Nigeria emerged as one of the African countries that benefited significantly from higher global oil prices in the…
AI Platform Opens New Opportunities for Young Nigerians
Artificial intelligence is taking on a new role in Nigeria’s youth development space as YouthDesk.ai, a new…
FG Targets $750m Investment as Nigeria Unveils New National Cloud Policy
Nigeria is positioning itself to become a major cloud computing and data-hosting hub in Africa as the Federal…
Nigeria Slips to Third as South Korea Reclaims Global Stock Market Lead
Nigeria has dropped to third place in the global ranking of best-performing stock markets after holding the top…
NGX sheds N106bn as bearish sentiment persists
The Nigerian Exchange Limited (NGX) started the week on a cautious note as continued selling pressure pushed the…
SEC clears Blockchain, others for crypto regulation
Nigeria’s Securities and Exchange Commission (SEC) has admitted three virtual asset service providers, including…
Proposed Crude Swap Could Save Nigerian Refiners Up to $329m
Nigeria’s domestic refineries could have saved as much as $328.8m in the first half of 2026 if the proposed crude…
Food Inflation Hits 20.31% in July as Rising Prices Put Fresh Pressure on…
Nigeria’s food inflation rate climbed sharply to 20.31% year-on-year in July 2026, reaching its highest level in 10…
Otedola Boosts First HoldCo Stake With Fresh N20.7bn Share Purchase
Femi Otedola, Chairman of First HoldCo Plc, has further increased his stake in the financial services group after…
Five best-performing insurance stocks in 2026 amid recapitalization
Nigeria’s insurance sector is showing a striking split in performance in 2026, with a handful of stocks delivering…
CBN Faces New Test as Price Stability Raises Pressure to Revive Credit and…
Nigeria’s progress in taming inflation and stabilising the foreign exchange market is beginning to create a new…
CBN: Nigeria’s IMTO Inflows Hit Record $1.29bn in Q1 2026, Rise 45%
Nigeria’s inflows through International Money Transfer Operators (IMTOs) surged to a record $1.29 billion in the…
Nigeria’s Business Week: NESG Forum, MSME Summit and $50bn Offshore Investment in…
Nigeria’s business landscape is set for a busy week as policymakers, investors, entrepreneurs and industry leaders…
BREAKING: Nigeria’s inflation rate drops to 15.43%
Nigeria’s inflation dropped further to 15.43 percent in July 2026, down from 15.91 percent recorded in June.
The…
Nigeria’s Renewable Energy Push Could Deepen Inequality, Study Warns
Nigeria’s ambitious push toward renewable energy could be creating a new wave of inequality in the communities…
Fresh Petrol and Diesel Cargoes Arrive as Nigeria’s Fuel Supply Improves
Fresh supplies of petrol and diesel are arriving at major coastal terminals in Lagos and Warri, offering a…
FG Unveils 70:30 Profit-Oil Split to Attract New Deep Offshore Investments
The Federal Government has introduced a major fiscal incentive aimed at attracting fresh investment into Nigeria’s…
Nigeria’s Net FX Flow Drops 29% to $4.94 Billion in March 2026
Nigeria’s net foreign exchange (FX) flow fell sharply to $4.94 billion in March 2026, representing a 29% decline…