Nigeria’s Tech Industry Confident Ahead of 2027 Data Localisation Deadline
As the January 1, 2027 deadline for the Central Bank of Nigeria’s (CBN) data localisation directive draws closer, key players…
Category: Local
Cash Outside Banks Climbs to N5.19 Trillion Despite CBN’s Aggressive Digital Payment Drive
Nigeria’s transition to a cashless economy continues to face significant hurdles as cash held outside the banking system climbed to…
Nigeria Digital Media Traffic Falls 26% as AI and Changing Audience Habits Reshape Online Consumption
Nigeria’s digital media landscape is undergoing a major transformation as audience traffic to online news and media platforms plunged by…
Airlines Seek Direct Meeting with Tinubu Over Rising Taxes and Charges Threatening Industry Survival
Domestic airline operators in Nigeria are pushing for a direct audience with President Bola Tinubu as concerns grow over taxes…
Naira Falls to Four-Week Low as Stronger U.S. Dollar Puts Pressure on Nigeria’s Currency
The Nigerian naira slipped to N1,373 against the U.S. dollar at the official foreign exchange market on June 23, 2026,…
Dangote Refinery Denies Fuel Re-Import Claims Through Lomé Hub
Dangote Petroleum Refinery has strongly denied reports suggesting that petroleum products exported from its facility are finding their way back…
Airtel Africa, Banking Giants Power NGX Rally as Investors Gain N1.64 Trillion in Two-Day Rebound
The Nigerian stock market continued its impressive rebound on Tuesday as investors gained N1.64 trillion in market value, extending the…
Petrol Price Drop Sparks Fears of CNG Abandonment as Nigerian Motorists Reconsider Fuel Choices
The recent decline in petrol prices across Nigeria is beginning to reshape consumer behavior, with oil marketers predicting that many…
Top NGX Insurance Stocks to Watch in H2 2026 as Market Rebound Creates New Investment Opportunities
As Nigeria’s stock market stages a strong recovery after weeks of heavy losses, investors are turning their attention to insurance…
SEC Warns Investors as Fake Dangote Refinery IPO Promotions Spread Online
The Securities and Exchange Commission (SEC) has issued a strong warning against the growing wave of advertisements promoting a supposed…
Fitch warns Nigeria against $5bn Abu Dhabi loan, says financing method poses risks
Nigeria’s proposed $5 billion financing arrangement with First Abu Dhabi Bank has come under fresh scrutiny after global rating agency…
Nigeria Capital Inflows Hit $21bn as FG Targets Bigger Trade and Investment Gains in 2026
The Federal Government, through the Federal Ministry of Industry, Trade and Investment, has unveiled an ambitious plan to boost trade…
Petrol Prices Stay High in Nigeria Despite Falling Crude Oil Prices Amid Global Supply Shift
Petrol prices have remained stubbornly high across Nigeria, even as global crude oil prices decline toward levels last seen before…
Oil Production Recovery in Nigeria Linked to Improved Oil Asset Protection in Niger Delta
Nigeria’s oil industry is showing signs of recovery, with growing evidence that improved protection of oil infrastructure in the Niger…
Nigerians Hold N5.19 Trillion Cash Outside Banks as Cash Usage Defies Digital Payment Growth
Nigeria’s push toward a cashless economy continues to face strong resistance, as new data shows that Nigerians are still holding…
NGX Banking Stocks Underperform in 2026 Market Rally as Oil and Industrial Sectors Lead Gains
Nigeria’s banking sector is struggling to keep pace in the ongoing 2026 equities boom, as banking stocks on the Nigerian…
Five states receive 21.2 per cent of VAT disbursement in April
Five Nigerian states have collectively taken a significant share of the country’s value-added tax (VAT) revenue, receiving N87 billion in…
NGX Market Value Drops to N151.3tn as Profit-Taking Triggers Liquidity Tightening
The Nigerian Exchange Limited (NGX) ended the trading week on 19 June 2026 in the red, as widespread profit-taking and…
Domestic Crude Supply Drops in Nigeria Amid Sabotage Allegations and Refinery Disputes
Nigeria’s domestic crude supply to local refineries recorded a noticeable decline in May 2026, dropping to 15.84 million barrels, according…
FGN Bond Auction Draws N1.41 Trillion in Bids as Rising Yields Boost Investor Appetite
The Federal Government recorded a strong outing at its June 2026 bond auction, attracting a massive N1.41 trillion in investor…
Domestic Investors Drive NGX Transactions to N1.94 Trillion as Market Activity Surges 177%
Trading activities on the Nigerian Exchange Limited (NGX) maintained strong momentum in May 2026, with total market transactions climbing to…
Nigeria’s Money Supply Climbs to N129.21 Trillion as Liquidity Expands Despite Tight Monetary Policy
Nigeria’s broad money supply (M3) rose to N129.21 trillion in May 2026, highlighting continued liquidity growth in the economy despite…
Nigerian Stocks to Watch This Week: Fidson, Africa Prudential, Access Holdings Lead Analyst Picks After Market Slump
The Nigerian stock market started the week on a cautious note as investors continued to digest last week’s sharp 3.6…
Nigeria Businesses Face Tax Deadline Pressure as CIT Filing and E-Invoicing Rules Converge
Nigerian businesses are entering a high-pressure compliance season as two major tax obligations converge at the end of June: Company…
Nigeria Inflation Rate May Ease to 15.8% in June 2026 Despite Cost Pressures – Analysts Forecast
Nigeria’s inflation outlook may be heading for slight relief as analysts project that the Nigeria inflation rate June 2026 could…
NGX Loses N5.64 Trillion in One Week as Massive Sell-Off Hits Nigerian Equities Market
The Nigerian equities market came under intense pressure last week as investors collectively lost about N5.64 trillion on the Nigerian…
Aradel assets hit N10 trillion after Renaissance acquisition drives 466% surge in balance sheet
Aradel Holdings Plc has recorded a dramatic leap in its financial position, with total assets surging by 466 per cent…
Nigeria Crude Oil Production Challenges Persist Despite Output Gains and $10bn Investment Surge
Nigeria’s oil and gas sector is showing strong signs of recovery, but long-standing operational issues continue to weigh on its…
Dangote Refinery Crude Supply Crisis Deepens as Output Drops 62% Amid NNPC Delivery Shortfall
Nigeria’s flagship Dangote Petroleum Refinery is facing mounting pressure as a severe crude supply shortage threatens its operations, raising fresh…
NDPC Pushes Data Protection Law Review to Regulate AI and Strengthen Privacy Rules in Nigeria
The Nigeria Data Protection Commission (NDPC) is moving to amend the Nigeria Data Protection Act (NDPA) 2023, signaling a major…