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Nigerian Stock Market Surges N2.6 Trillion as Positive Momentum Continues in 2026
The Nigerian stock market continued its strong performance in the second week of 2026, adding N2.6 trillion to its…
SEC’s New Capital Rules Raise Concerns Among Portfolio Managers: Market…
Nigeria’s Securities and Exchange Commission (SEC) has unveiled its most significant overhaul of capital…
Champion Breweries Raises N42bn to Acquire Bullet Brands, Expands into Energy…
Champion Breweries Plc has announced plans to raise N42 billion through a public offer of ordinary shares to fund…
Petrol Imports Still Dominate Nigeria’s Fuel Market Despite Rising Domestic…
In 2025, petrol imports continued to dominate Nigeria’s fuel market, accounting for 62.47% of total Premium Motor…
Conference explores role of cash in digital-first economy
The Committee of Heads of Bank Operations (CHBO) in Nigeria is set to host its annual conference on Friday, 23…
SEC Revises AUM Capital Requirement to 0.1% After Industry Pushback
The Securities and Exchange Commission (SEC) has clarified that fund and portfolio managers will now be required to…
Nigeria’s Economic Growth Remains Fragile Without Targeted Poverty Reduction…
Nigeria’s recent economic recovery remains fragile and may fail to improve living standards unless deliberate…
Nigeria’s Capital Market at Risk of Overregulation
Nigeria is entering a phase of overregulation that risks undermining the capital market it seeks to strengthen. The…
Nigeria’s Crude Oil Production Drops to 1.42 Million BPD in December 2025
Nigeria’s crude oil production slipped to 1.422 million barrels per day (bpd) in December 2025, down from 1.436…
Nigeria Spends N1.7 Trillion on Petrol as Daily Consumption Hits 63.7 Million…
Nigeria’s daily petrol consumption surged to a record 63.7 million litres in December 2025, driving total…
NITDA and U.S. Strengthen Partnership on Data Privacy, AI, and Cybersecurity
The National Information Technology Development Agency (NITDA) has reaffirmed its commitment to strengthening…
Vibe Coding in Nigeria: How Cencori Is Making AI-Generated Apps Safer
Vibe coding, a method where software is generated from simple natural language prompts instead of hand-written…
NRS Clarifies: No New VAT on Banking Services Under Nigeria Tax Act
The Nigeria Revenue Service (NRS) has dismissed circulating reports suggesting that the new Nigeria Tax Act…
LIRS Sets January 31 Deadline for 2025 Tax Returns: Employers Urged to File Early
The Lagos State Internal Revenue Service (LIRS) has reminded employers across the state that January 31, 2026, is…
UCIF Strengthens Governance with New Investment Committee Appointments
The Board of Directors of United Capital Plc has announced the appointment of four distinguished infrastructure…
NGX, DEG Drive Net-Zero Transition to Unlock $3 Billion in Climate Funding for…
The Nigerian Exchange Group (NGX Group), in partnership with Germany’s development finance institution DEG and…
SEC Warns Nigerians Against Tunbosayo Okekunle Strategic Alpha Fund Over Suspected…
Nigeria’s Securities and Exchange Commission (SEC) has issued a public alert against Tunbosayo Okekunle Strategic…
NRS: VAT on bank charges NOT introduced by new tax laws
The Nigeria Revenue Service (NRS) says value-added tax (VAT) on bank services charges was not introduced by the new…
FG Explains N152 Trillion Public Debt, Says Rise Not Due to New Borrowing
The Federal Government has clarified that Nigeria’s public debt, which now stands at N152 trillion, is largely due…
Nestle Stock Gains 10% as Nigerian All-Share Index Pauses Nine-Day Rally
The Nigerian stock market paused its recent bullish momentum on January 15, 2026, as the All-Share Index (ASI) fell…
BREAKING: SEC raises capital requirements for brokers, fund managers, digital…
Nigeria’s Securities and Exchange Commission (SEC) has unveiled a major overhaul of capital requirements for…
Nigeria Imports 1.3 Billion Litres of Petrol Despite Growing Local Refining
Nigeria imported approximately 1.31 billion litres of petrol in December 2025, even as local refining capacity…
20 Nigerian Banks Meet Recapitalisation Deadline as CBN Pushes for Productive…
About 20 deposit money banks in Nigeria have met the Central Bank of Nigeria’s (CBN) new capital requirements under…
Nigeria’s Inflation Rises to 15.15% in December 2025 as Food Prices Ease
Nigeria’s headline inflation rate climbed to 15.15 per cent in December 2025, according to the latest Consumer…
Dangote Refinery Ensures Fuel Price Stability as Expansion Plan Targets 1.4…
Dangote Refinery has hit a major milestone, producing 50 million litres of Premium Motor Spirit (PMS) daily,…
SEC Joins Forces with Nigeria Police to Tackle Ponzi Schemes and Crypto Fraud
In a decisive move to protect Nigerian investors, the Securities and Exchange Commission (SEC) has officially…
UBA Share Listing: NGX Confirms 3.16 Billion New Shares Following Rights Issue
The Nigerian Exchange Regulation (NGX RegCo) has officially confirmed the listing of 3.16 billion additional…
NUPRC Launches 90-Day Plan to Boost Nigeria’s Oil Output with Faster Approvals
Nigeria’s upstream oil sector is set for a major shake-up as the Nigerian Upstream Petroleum Regulatory Commission…
Heirs Energies Acquires 20% Stake in Seplat in $500 Million Deal
Heirs Energies Limited, the energy investment firm chaired by business mogul Tony Elumelu, has finalized a major…
Nigerian Manufacturers Aim for 10.2% GDP Contribution in 2026 Amid Policy Optimism
Nigerian manufacturers are entering 2026 with renewed optimism, aiming to boost their sector’s contribution to the…