NGX Boss Urges CBN to Integrate Capital Market Development into Monetary Policy for Stronger Economic Growth
The Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group (NGX Group), Temi Popoola, has urged the…
Category: Local
Naira Weakens to N1,375/$ Amid Rising FX Pressure Despite $48.72bn External Reserves
The Naira weakened to N1,375.46 per dollar in the official market last week, marking a 0.32% decline as pressure from…
Capital market awards spotlight rising investor participation
Nigeria’s capital market is once again taking centre stage as preparations begin for the second edition of the Capital Market…
MPC Holds Interest Rate at 26.5% as Inflation Pressures Rise: What It Means for Nigeria’s Economy
At its 305th meeting, Nigeria’s Monetary Policy Committee (MPC) chose to keep the Monetary Policy Rate (MPR) unchanged at 26.5%,…
Nigerian Stock Market Rally Faces Overbought Signals Despite Strong Valuations and Bullish Outlook
The Nigerian Exchange Group (NGX) is riding one of its strongest bull runs in history, with the All-Share Index (ASI)…
Cooking Gas Crisis in Nigeria: Prices Hit ₦1,500/kg as Marketers Warn of Scarcity and Economic Shock
Nigeria’s cooking gas market is under fresh pressure as marketers raise alarm over worsening scarcity and a sharp increase in…
CPPE Defends Dangote Refinery, Rejects Monopoly Claims and Calls for Stronger Local Refining Support
The Centre for the Promotion of Private Enterprise (CPPE) has rejected allegations that the Dangote Refinery poses a monopolistic threat…
NGX Weekly Trade Value Falls 50% to N161.8bn as Investors Turn Cautious
Investor activity on the Nigerian Exchange (NGX) slowed sharply last week as the total value of shares traded dropped by…
Nigeria’s Foreign Reserves Rebound by $551 Million in May, Boosting Confidence in Economy and Naira Stability
Nigeria’s foreign reserves have recorded a remarkable recovery, rising by approximately $551 million within the first three weeks of May…
NNPC Battles Dangote Refinery in Court, Warns Against Fuel Market Monopoly
The Nigerian National Petroleum Company Limited (NNPC) has strongly opposed the lawsuit filed by Dangote Petroleum Refinery over fuel import…
Seplat Energy Targets Expansion, Approves 2025 Dividend Amid Record Production Surge
Seplat Energy Plc has entered a bold new phase of expansion, combining strong financial performance with an aggressive growth strategy…
Chinese Investors May Acquire 51% Stake in Port Harcourt and Warri Refineries as Nigeria Eyes NLNG-Style Deal
Nigeria is considering a major shift in its downstream oil sector that could see Chinese investors take a controlling 51…
CBN Sells N829.32bn Treasury Bills as Investors Rush Long-Term Papers Amid Strong Demand
The Central Bank of Nigeria (CBN) has allotted a total of N829.32 billion at its Treasury Bills Primary Market Auction…
BUA Cement Declares N338.64bn Dividend as Profit Surges, Targets 23m Tonnes Capacity Expansion
Shareholders of BUA Cement Plc have approved a final dividend of N10 per ordinary share for the 2025 financial year,…
Naira Strengthens to ₦1,840/£1 as UK Political Tensions Weigh on Pound Sterling
The Nigerian naira has recorded a fresh gain against the British pound sterling, trading at ₦1,840/£1 according to the latest…
CBN Extends Breathing Space for Banks as Legal Bottlenecks Slow Recapitalisation Drive
he Central Bank of Nigeria (Central Bank of Nigeria) has assured that deposit money banks yet to fully meet the…
Oil Asset Security in Niger Delta Gets Boost as Youth Employment Programs Reduce Vandalism in Bayelsa
For years, oil-producing communities in Nigeria’s Niger Delta have faced a difficult cycle of unemployment, poverty, and rising frustration among…
Trade growth: Nigeria’s maritime sector shows early gains from reforms
Nigeria’s maritime industry is beginning to show clear signs of recovery and expansion, with new data from Q1 2026 pointing…
Sterling Financial Holdings Leads Trading as Nigerian Stock Market Rebounds, Gains 111 Points
The Nigerian stock market rebounded on Thursday, May 21, 2026, recovering from the previous session’s heavy losses as investors returned…
FG launches AI platform to improve access to government information, services on WhatsApp
The Federal Government has unveiled GovGuideNigeria, a new artificial intelligence-powered platform designed to make government information and services more accessible…
CBN Holds Interest Rate at 26.50%: What It Means for Mutual Funds, Pension Returns and Investors
The Central Bank of Nigeria (CBN) has maintained its Monetary Policy Rate (MPR) at 26.50%, a decision that is expected…
Naira Strengthens Against Euro as CBN Holds Interest Rate at 26.5% Amid Economic Reforms
The Nigerian Naira has recorded a notable gain against the Euro, strengthening by about 5.4% since the start of the…
Seplat Energy Targets $1bn Dividend Payout as Production Goal Hits 200,000 Barrels Per Day
Seplat Energy has set an ambitious goal to reward its shareholders with a $1 billion dividend payout within the next…
NGX Market Capitalisation Drops by N1.6 Trillion as Blue-Chip Selloff Hits Nigerian Stock Market
The Nigerian equities market ended trading on a negative note as investors pulled out of major stocks, wiping out about…
CBN Interventions Drop Below 2% as FX Market Deepens, Says Cardoso
The Central Bank of Nigeria (CBN) has stated that its direct involvement in the foreign exchange market has significantly reduced,…
CBN Retains Interest Rate at 26.5% as External Shocks Drive Inflation Pressure in Nigeria
The Central Bank of Nigeria (CBN) has maintained its benchmark interest rate at 26.5 percent, following its latest Monetary Policy…
Insurance Firms Double Tax Payments to N15.2bn Despite 15% Drop in Profit Before Tax
Nigeria’s insurance sector recorded a significant rise in tax contributions in 2025, with 11 major insurance companies paying a combined…
Dangote Refinery Eyes $2bn Private Investment Drive Ahead of Landmark IPO
Nigeria’s biggest industrial project, the Dangote Refinery, is attracting strong investor interest ahead of its planned initial public offering (IPO),…
Nigeria’s ginger export crashes from N26 billion to zero in three years
Nigeria’s ambition to expand non-oil exports has suffered a major setback after the country’s ginger export earnings plunged from N26.2…
Nigeria builds unicorns, Wall Street takes the wealth
Nigeria has emerged as Africa’s leading technology powerhouse, producing some of the continent’s most valuable startups and attracting billions of…