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Nigeria Moves to Tackle Crude Shortages as Refineries Face Supply Pressure
Nigeria is taking fresh steps to address crude oil supply shortages to local refineries, as the Nigerian Midstream…
Nigeria Sets Sights on Africa’s $1tn AI Economy as GITEX NIGERIA Returns
Nigeria is making a stronger push to capture a larger share of Africa’s fast-growing artificial intelligence…
Hormuz Tensions Escalate as New Tanker Strike Report Sends Oil Markets on Edge
Tensions around the Strait of Hormuz have taken another worrying turn after reports emerged that a tanker was…
FG Launches Bridge OA to Drive Nationwide Fibre Network Rollout
The Federal Government has taken a major step toward expanding internet access across Nigeria with the…
Nigeria’s Oil Import FX Demand Soars 115% Despite Rising Local Refining
Nigeria’s foreign exchange demand for oil-sector imports jumped by 114.91 per cent to $4.86bn in 2025, underscoring…
Recapitalisation: Anxiety grows as NAICOM decides fate of eight insurers
Anxiety is building across Nigeria’s insurance sector as eight insurers remain under regulatory review, days after…
Tinubu Backs NGX Push to Expand Capital Market, Attract New Listings
President Bola Tinubu has thrown his weight behind fresh efforts to expand Nigeria’s capital market, as the…
CBN Cancels N700bn T-Bills Auction as Banking System Faces Liquidity Squeeze
The Central Bank of Nigeria (CBN) has cancelled its planned N700bn Treasury Bills auction, a move that has drawn…
Nigeria Spends N3.14trn Servicing Domestic Debt in Q1 2026 – DMO
Nigeria’s domestic debt bill continued to climb in the first quarter of 2026, with the Federal Government spending…
Nigeria’s Tax Revenue Soars to N27.1tn as Collections Jump 113%
Nigeria’s tax revenue has more than doubled in less than three years, climbing from N12.3tn in 2023 to N27.1tn by…
Financial, Oil Stocks Drive NGX Trading as Shares Worth N139bn Change Hands
Trading activity on the Nigerian Exchange (NGX) picked up in volume last week as investors exchanged 5.35 billion…
Fuel Subsidy Cost Nigeria N1.16tn in 2021 as Senate Panel Threatens…
Nigeria’s fuel subsidy bill hit a staggering N1.16 trillion in 2021, as the Senate’s ongoing investigation into the…
CBN Survey: Multiple Taxation Remains Nigeria’s Biggest Business Headache
Businesses across Nigeria are still struggling under the weight of multiple taxes and levies, despite the Federal…
Naira Holds Firm at N1,367/$ as CBN Steps Up Dollar Support
The Nigerian naira continued to show resilience in the foreign exchange market, trading around N1,367 to the US…
BOI Opens N250bn Bond Offer to Boost Business Funding Across Nigeria
The Bank of Industry (BOI) has opened subscriptions for a N250bn bond aimed at raising long-term funding for…
SEC Moves to Unlock Billions in Unclaimed Assets, Protect Investors
The Securities and Exchange Commission (SEC) is stepping up efforts to tackle Nigeria’s growing unclaimed financial…
NGX Introduces New Stock Price Rules as Changes Take Effect August 17
The Nigerian Exchange Limited (NGX) is set to introduce a new pricing methodology for equities trading from August…
BoG Orders Banks to Cut Bad Loans to 10% by December
The Bank of Ghana (BoG) has ordered banks and other regulated financial institutions to reduce their non-performing…
GH¢2 Diesel Price Cut Won’t Reduce Government Revenue, Minister Explains
The government’s GH¢2 per litre reduction in diesel prices will not result in a loss of government revenue,…
Dangote Refinery Overtakes U.S. as Europe’s Biggest Jet Fuel Supplier
Dangote Petroleum Refinery has strengthened Nigeria’s position in the global energy market after emerging as…
FG Rolls Out 60.82MW Renewable Power Projects as Yobe Gets New Solar Mini-Grids
The Federal Government is stepping up efforts to tackle Nigeria’s electricity challenges with the rollout of…
SEC Intensifies Push to Recover Unclaimed Investments Worth Billions
The Securities and Exchange Commission (SEC) has stepped up its efforts to help Nigerians recover unclaimed funds,…
Five Insurers Step Up Capital Drive as NAICOM Deadline Push Intensifies
Five Nigerian insurance companies are making a final push to secure full compliance with the National Insurance…
Seplat to complete 10% NNPC JV sale December
Seplat Energy is on course to complete the sale of a 10 per cent working interest in its joint venture with the…
NAICOM Begins Issuing New Licences as Insurance Recapitalisation Ushers in New Era
Nigeria's insurance industry has entered a new phase as the National Insurance Commission…
PMI: Agriculture records 24th consecutive month of growth as private sector…
Nigeria's private sector continued its steady recovery in July 2026, with the Central Bank of Nigeria (CBN)…
CBN Reports Stronger Loan Demand as Nigerian Banks Record Fewer Defaults in Q2…
Nigeria's banking sector showed renewed strength in the second quarter of 2026 as demand for loans increased while…
We’ve started paying depositors of 46 microfinance banks — NDIC
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the reimbursement of customers affected by the…
Nigeria’s Business Growth Faces New Threat as Rising Costs Stall Investment Plans
Nigeria’s economy is showing encouraging signs of recovery, with businesses recording stronger production, rising…
Nigeria Sets Sights on $50bn Offshore Oil Investment Boom by 2030
Nigeria is positioning itself for a major boost in its oil and gas industry as the Federal Government, through the…