NNPC Defends Naira-for-Crude Deal as Dangote Refinery Raises Alarm Over Supply Shortfall
A fresh dispute has emerged between the Nigerian National Petroleum Company Limited (NNPC) and the Dangote Petroleum Refinery over the…
Category: Local
143 Companies Compete for 50 Oil Blocks as Nigeria Enters Crucial Licensing Round
Nigeria’s quest to attract fresh investment into its oil and gas sector reaches a critical stage today as 143 companies…
Nigeria Poised to Build Africa’s Largest Capital Market, Says NGX CEO Temi Popoola
Nigeria has the potential to become home to one of Africa’s largest and most influential capital markets, according to the…
Dangote’s Dollar Fuel Sales Spark Fresh Fears Over Petrol Prices and Naira Stability
Nigeria’s downstream petroleum sector has been thrown into fresh uncertainty following Dangote Refinery’s decision to begin selling refined petroleum products…
FGN Bond Auction Draws N1.74 Trillion Demand as DMO Allots N929.3 Billion to Investors
Nigeria’s Debt Management Office (DMO) has recorded overwhelming investor interest in its July 2026 Federal Government of Nigeria (FGN) bond…
NGX investors gain N1.76 trillion on buying interest across key sectors
The Nigerian Exchange (NGX) began the week on a strong note as investors recorded a massive N1.76 trillion gain on…
Oil Marketers Raise Alarm Over N1,350 Petrol Pricing, Question Import Licences
Nigeria’s downstream petroleum sector is facing fresh controversy as oil marketers have accused major fuel importers of selling petrol at…
NGX Free Float Rule: Why a Mandatory 20% Requirement Could Transform Nigeria’s Stock Market
Calls are growing for the Nigerian Exchange (NGX) to enforce a strict 20% free float requirement for all listed companies,…
Treasury Bills Outperform Inflation as Nigeria’s Fixed-Income Market Delivers Positive Real Returns
Nigeria’s fixed-income market is experiencing a significant turnaround as Treasury bills and Federal Government of Nigeria (FGN) bonds are once…
Nigeria Set to Host African ICT Ministers’ Conference to Shape Continent’s Digital Future
Nigeria is preparing to welcome telecommunications and digital economy leaders from across the continent as Abuja hosts the 7th Ordinary…
Cooking gas imports surge by 1,400% as petrol supply dips by 22%
Nigeria’s dependence on imported cooking gas has intensified after Liquefied Petroleum Gas (LPG) imports soared by an astonishing 1,400 percent…
States Pocket N2.37tn VAT Windfall as New Tax Sharing Formula Boosts Revenue
State governments across Nigeria received a massive N2.37 trillion from Value Added Tax (VAT) revenue in the first half of…
Nigeria FX Spot Transactions Push Weekly Forex Turnover Up 46% to $2.39 Billion
Nigeria’s foreign exchange market staged a strong comeback in the week ended July 17, 2026, as soaring FX spot transactions…
MPC Set to Hold Interest Rate at 26.50% as Inflation Risks and Global Oil Tensions Persist
Nigeria’s Monetary Policy Committee (MPC) is widely expected to leave the benchmark interest rate unchanged at 26.50 per cent when…
Abuja CityWalk to make FCT Africa’s next investment hub – Tinubu
Nigeria’s ambition to become a leading destination for global investment received a major boost as President Bola Tinubu threw his…
OPEC Warns High Inflation Could Undermine Nigeria’s Economic Gains Despite Rising Oil Output
Nigeria’s economy may be enjoying a boost from rising crude oil production and stronger government revenues, but the Organisation of…
SEC Pushes for Near-Zero Trade Failures as Nigeria’s T+1 Settlement Reform Gains Momentum
Nigeria’s capital market is entering a new era of speed and efficiency as the Securities and Exchange Commission (SEC) intensifies…
Banking Stocks Surge 9.3% as Recapitalisation Sparks Investor Confidence on NGX
Renewed investor confidence in Nigeria’s banking sector fueled a strong rally in banking stocks last week, with the sector index…
FG Raises N729bn Bond to Clear GenCos’ Debts, Boost Nigeria’s Power Sector Stability
The Federal Government has unveiled plans to raise approximately N729 billion through a new bond issuance to settle verified legacy…
IPMAN Warns Rising Petrol Imports Could Trigger Higher Fuel Prices in Nigeria
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has sounded the alarm over the growing number of petrol import licences…
Dollar sale row: Marketers halt Dangote fuel loading, FG steps in
Nigeria’s downstream petroleum sector has been thrown into fresh uncertainty following reports that the Dangote Petroleum Refinery has adopted a…
CBN Capital Rules Could Trigger N972bn Equity Rush for Nigerian Banks
Nigeria’s banking sector could be on the verge of a massive capital-raising exercise as new proposals from the Central Bank…
CBN HoldCo Capital Buffer May Force Nigerian Banks to Raise N1.7 Trillion, RenCap Warns
Nigeria’s banking sector could be heading for another major capital-raising exercise as Renaissance Capital (RenCap) has warned that the Central…
Tinubu Signs Virtual Assets Executive Order, Launches Council to Strengthen Crypto Regulation in Nigeria
President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, marking a major step toward creating…
Nigeria Crude Oil Production Hits N41.7tn in Six Months as Output Shows Strong Recovery
Nigeria earned an estimated N41.74 trillion from crude oil and condensate production in the first six months of 2026, highlighting…
Dangote Refinery Crude Imports Raise Fresh Doubts Over Nigeria’s Crude-for-Naira Policy
Nigeria’s crude-for-naira initiative has come under renewed scrutiny following revelations that the Dangote Petroleum Refinery imported nearly 39.9 million barrels…
Food prices now biggest threat to Nigeria’s inflation, beyond CBN control—Analysts
Nigeria’s battle against inflation is entering a new phase, and experts say food prices are now the biggest concern. Analysts…
Telecom operators endorse NCC framework
Nigeria’s telecommunications industry has thrown its weight behind the Nigerian Communications Commission’s (NCC) proposed Mobile Virtual Network Operator (MVNO) business…
Nigeria Net FX Reserves Surge Over 1,200% as CBN Reforms Boost Investor Confidence
Nigeria’s net foreign exchange (FX) reserves have recorded a remarkable increase of more than 1,200 percent, rising from about $3…
Nigerian Equities Market Loses N32bn as Profit-Taking Halts Bullish Rally
The Nigerian equities market suffered a setback on Thursday as investors lost an estimated N32 billion following widespread selloffs that…