NGX Market Rally Adds N1.4 Trillion as Nigerian Stocks Push Capitalisation Above N156 Trillion
Nigeria’s equities market ended the week on a strong bullish note as investors collectively gained about N1.4 trillion, pushing market…
Category: Local
Nigeria VAT Surges to N2.42 Trillion in Q1 2026 as Economy Strengthens Non-Oil Revenue Base
Nigeria’s economy recorded a strong boost in non-oil revenue as Value Added Tax (VAT) collections climbed to N2.42 trillion in…
IMF Urges Nigeria to Tax Fuel and Telecom Services to Boost Revenue
Nigeria may soon face renewed debates over taxation after the International Monetary Fund (IMF) recommended the introduction of taxes on…
NGX Gains 0.6% Weekly Despite Midweek Dip as Airtel, MTN, and First HoldCo Drive ₦52.8bn Turnover Rally
The Nigerian equities market closed the shortened trading week on a positive note, with the Nigerian Exchange (NGX) recording a…
Nigeria VAT Collections Hit N2.42 Trillion in Q1 2026 as Tax Revenue Surges 17%
Nigeria’s Value Added Tax (VAT) revenue has recorded a strong start to 2026, rising to N2.42 trillion in the first…
N279bn petrol cargoes arrive amid Dangote-NNPC legal battle
Six fuel-laden vessels valued at approximately N279 billion have begun arriving at Nigerian ports, intensifying attention on the ongoing legal…
CBN Proposes Stricter Banking Rules with New Ring-Fencing Guidelines for Financial Groups
The Central Bank of Nigeria (CBN) has introduced draft guidelines aimed at tightening oversight of banks and other financial institutions…
New Nigeria Festival Targets $1 Trillion Economy Ambition with Innovation and Investment Drive
Nigeria is set to take a bold step toward its long-term economic ambitions with the launch of the New Nigeria…
Nigeria Surpasses OPEC Oil Quota as Crude Production Hits 15-Month High
Nigeria has recorded its strongest crude oil production performance in over a year, surpassing its Organisation of the Petroleum Exporting…
FG Raises N4.68 Billion Through June Savings Bond as Investors Seek Safer Returns
The Federal Government of Nigeria has raised N4.678 billion through its June 2026 Savings Bond issuance, highlighting growing investor confidence…
Nigeria’s Oil Production Climbs to 1.53 Million bpd, Highest Level Since July 2025
Nigeria’s oil production rose to an average of 1.53 million barrels per day (bpd) in May 2026, marking its highest…
Top 10 Best Performing Money Market Funds in Nigeria Deliver Over 20% Returns in 2026
Nigeria’s money market fund sector continues to attract investors seeking safety, liquidity, and attractive returns, with the segment’s net asset…
Tinubu Not Nigeria’s Biggest Borrower, New Report Says as Debt Debate Intensifies
President Bola Tinubu is not Nigeria’s biggest borrower since Nigeria returned to democratic rule in 1999, according to a new…
Nigerians Expect Inflation to Ease in Six Months Despite Ongoing Price Pressures – CBN Survey
Despite ongoing pressure on household budgets, Nigerians are beginning to believe that inflation may slow down in the coming months.…
Nigeria’s Economic Reforms Gain IMF Backing as FG Pledges Sustained Policy Drive
The Federal Government has reaffirmed its commitment to sustaining ongoing economic reforms following a positive assessment from the International Monetary…
AfDB Pledges $86m to Boost Nigeria Agro-Industrial Zones as SAPZ Gains Fresh Funding Momentum
The African Development Bank (AfDB) has pledged $86 million to support Nigeria’s Special Agro-Industrial Processing Zones (SAPZ) programme, a major…
FX Reforms Boost Global Naira Card Usage as Banks Raise Dollar Limits
Improved foreign exchange liquidity in Nigeria, driven by sweeping economic reforms, is reshaping how Nigerians use their naira cards for…
Nigerian Stock Market Gains N100bn as Bulls Extend Rally for Fourth Straight Session
The Nigerian equities market maintained its upward momentum on Wednesday, extending its bullish run to a fourth straight trading session…
NRS Launches Rev360 Platform to Boost Voluntary Tax Compliance Through Digital Innovation
The Nigeria Revenue Service (NRS) has taken a major step toward modernizing tax administration with the launch of its new…
MTNN, Vitafoam, Livestock Drive NGX Rally as Investors Gain N99.15bn Despite Mixed Market Sentiment
The Nigerian equities market extended its recovery streak on Wednesday, June 10, 2026, as select heavyweight stocks including MTN Nigeria,…
Business Confidence in Nigeria Climbs as CBN Survey Signals Stronger Economic Outlook Despite Rising Costs
Nigeria’s business community showed renewed optimism in May 2026 as confidence levels improved significantly despite ongoing concerns over insecurity, high…
Dangote Refinery Hits $39.1 Billion Valuation as Investors Rush Into $1 Billion Capital Raise
The Dangote Petroleum Refinery has reached a remarkable valuation of $39.1 billion as it moves to raise fresh capital through…
Naira Holds at N1,361/$ as Dollar Strengthens on Strong U.S. Jobs Data and Fed Outlook Pressure
The Nigerian naira maintained a relatively stable position against the U.S. dollar, settling around N1,361/$ in midweek trading as the…
Nigeria Economic Reforms Gain IMF Support as FG Vows to Sustain Policy Drive
The Federal Government of Nigeria has welcomed the latest assessment from the International Monetary Fund, describing it as strong validation…
FG Sets June 12 Deadline for Oil Bids in 2025 Licensing Round as Nigeria Pushes Upstream Investment
The Federal Government has set Friday, June 12, 2026, as the final deadline for the submission of technical and commercial…
CBN Drains N1.69 Trillion in Fierce Liquidity Mop-Up as Investors Rush Long-Term OMO Bills
The Central Bank of Nigeria stepped up its liquidity control measures on June 8, 2026, draining a massive N1.69 trillion…
Tinubu’s Nigeria Sees $10bn Capital Inflow, But Investors Prefer Lending Over Long-Term Investment
Nigeria’s capital inflows have hit a new record under President Bola Tinubu, with $10 billion entering the country in the…
Foreign capital inflows into manufacturing sector drop by 50.7% in Q1
Nigeria’s manufacturing sector has suffered a steep setback in attracting foreign investment, with capital inflows plunging by 50.7% in Q1…
Nigeria’s FX Reserves Surge Above $50bn, Reach Highest Level in 17 Years
Nigeria’s foreign exchange reserves have climbed to an impressive $50.11 billion, marking the highest level recorded in 17 years and…
NGX Gains N834.67bn as Airtel Africa, Tier-1 Banks Fuel Market Rally
Nigeria’s stock market continued its impressive rebound on Tuesday as investors added N834.67 billion to the value of listed equities,…