Foreign Capital in Telecoms Falls to Four-Year Low Despite Tariff Hike
Nigeria’s telecommunications sector has recorded its weakest foreign investment inflow in four years, with capital importation dropping sharply to $7.24…
Category: Local
Bearish Pressure Deepens as Nigerian Stock Market Loses N2.28 Trillion in Midweek Sell-Off
The Nigerian equities market extended its losing streak on Wednesday, closing in the red for the third consecutive trading session…
Nigerian Banks Earn N209bn from Account Maintenance Fees in Q1 2026 Amid Rising Transaction Growth
Nigerian commercial banks recorded a significant rise in earnings from account maintenance charges, pulling in a combined N209.18bn in the…
Telecom Sector Attracts Just $7.24m Foreign Capital in Q1 2026 Despite Tariff Hike
Foreign investment into Nigeria’s telecommunications sector has dropped sharply to just $7.24 million in the first quarter of 2026, marking…
Dangote Refinery and the refining of sovereignty
In the heart of Lekki, Lagos, the Dangote Refinery is doing more than processing crude oil—it is quietly reshaping what…
Meren Energy Nigeria Investment Boost as NUPRC Confirms 2026 Licensing Round Timeline
Meren Energy has announced plans to deepen its investment footprint in Nigeria’s oil and gas sector, signaling renewed confidence in…
Nigerian Stock Market Extends Losses, Investors Lose N2.28 Trillion in 3-Day Selloff
The Nigerian equities market extended its losing streak on Wednesday, marking a third straight day of declines as investors reacted…
Tinubu Approves 2026 Oil Block Licensing Round as Nigeria Targets Fresh Upstream Investment Surge
Nigeria is set for a new wave of oil sector activity as President Bola Tinubu has approved the 2026 oil…
CBN Raises N1.46 Trillion at Treasury Bills Auction as Investor Demand Soars
The Central Bank of Nigeria (CBN) has raised N1.457 trillion at its June 3, 2026 Treasury Bills (NTB) auction, as…
Nigerian Stock Market Loses N2.28 Trillion as Profit-Taking Triggers Third Straight Decline
The Nigerian stock market extended its losing streak on Wednesday, shedding a massive N2.28 trillion in market value as investors…
Foreign Capital Inflows Surge 84% to $10.37 Billion as Investors Flock to Nigerian Assets in Q1 2026
Nigeria witnessed a significant boost in foreign capital inflows during the first quarter of 2026, attracting a total of $10.37…
ETF Turnover Falls to N3.67 Billion as Investor Activity Slows Despite Broad Market Gains
Exchange Traded Funds (ETFs) listed on the Nigerian Exchange (NGX) experienced a slight slowdown in trading activity in May 2026,…
Nigeria Insurance Sector Races to Meet Recapitalisation Rules as NAICOM Deposit Deadline Expires
Nigeria’s insurance industry has entered a critical phase of reform as insurers and reinsurers intensify recapitalisation efforts following the expiration…
NGX Group Calls for Stronger Capital Market Integration into Monetary Policy Framework
The Nigerian Exchange Group (NGX Group) has called for a stronger integration of the capital market into Nigeria’s monetary policy…
Dangote alleges crude supply sabotage by govt, NNPC objects
The battle between Africa’s richest man’s refinery and Nigeria’s oil authorities has escalated, as the Dangote Petroleum Refinery and Petrochemicals…
CBN FX Manual Reform: Cardoso Bets on Rules to Stabilise Nigeria’s Foreign Exchange Market
Nigeria’s foreign exchange market has long struggled with instability, uncertainty, and policy inconsistencies that have affected importers, exporters, and investors…
Naira Strengthens to N1,833/£1 as CBN Policies and FX Reserves Support Stability in Nigeria FX Market
The Nigerian naira has continued its steady performance against the British Pound Sterling, trading at around N1,833/£1 in the latest…
Nigerian Stock Market Turns Bearish as NGX Loses N479bn Amid Broad Sell-Off
The Nigerian equities market closed on a negative note as bearish sentiment dominated trading activities, wiping off about N479 billion…
DMO Opens June 2026 FGN Savings Bond at 14.777% Interest as Nigeria Raises Investor Returns
The Debt Management Office (DMO) has officially opened subscription for the June 2026 FGN Savings Bond, offering Nigerians another chance…
NGX Loses N2.29 Trillion as Market Sell-Off Deepens in Early June Trading
The Nigerian equities market started June 2026 on a bearish note, wiping out a staggering N2.29 trillion in market capitalisation…
Tinubu’s Economic Reforms Propel Nigerian Stock Market to Record N160 Trillion
Nigeria’s stock market has witnessed an unprecedented transformation over the last three years, with the Nigerian Exchange (NGX) growing from…
Nigeria’s capital market becomes first in Africa to adopt one-day trade settlement cycle
Nigeria has achieved a major milestone in its financial sector as the Nigerian Exchange (NGX) officially transitioned to a T+1…
CSCS Launches T+1 Settlement Cycle in Nigeria: Capital Market Enters Faster Global Trading Era
Nigeria’s capital market has taken a major leap forward as the Central Securities Clearing System (CSCS) Plc officially launched the…
NGX Opens Week Bearish as Market Capitalisation Drops 1.13% on Heavy Sell Pressure
The Nigerian Exchange Limited (NGX) began the new trading week on a negative note as investors recorded widespread losses across…
CBN Faces N10.90 Trillion Liquidity Surge in June as OMO Maturities Hit N7.77 Trillion Pressure Point
Nigeria’s financial system is heading into another wave of liquidity pressure as the Central Bank of Nigeria (CBN) prepares to…
CBN Targets N2.83tn Cash in Circulation as Nigeria Pushes Cashless Economy Ahead of 2027 Elections
The Central Bank of Nigeria (CBN) has announced a bold plan to pull about N2.83 trillion in cash currently outside…
Nigeria’s 3.89% GDP Growth Fails to Lift Living Standards Despite Economic Gains – MoneyAfrica
Nigeria’s economy recorded a 3.89% year-on-year growth in the first quarter of 2026, but fresh analysis from investment research firm…
Petrol Price Surges 643% in Nigeria as Fuel Crisis Deepens Amid Global Oil Shocks
Nigeria’s fuel market has witnessed a dramatic and painful transformation as the price of Premium Motor Spirit (petrol) skyrocketed by…
Oil Workers Shut Down NUPRC Nationwide Over Foreign Training Dispute
Operations at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) were brought to a standstill on Monday after oil-sector workers under…
Naira Misses Africa’s Top 10 Currencies in May Despite FX Stability and Rising Reserves
Despite signs of improved stability in Nigeria’s foreign exchange market, the naira failed to break into Africa’s top 10 best-performing…