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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…
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…
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…
MPC Set to Hold Interest Rate at 26.50% as Inflation Risks and Global Oil Tensions…
Nigeria’s Monetary Policy Committee (MPC) is widely expected to leave the benchmark interest rate unchanged at…
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…
OPEC Warns High Inflation Could Undermine Nigeria’s Economic Gains Despite Rising…
Nigeria’s economy may be enjoying a boost from rising crude oil production and stronger government revenues, but…
SEC Pushes for Near-Zero Trade Failures as Nigeria’s T+1 Settlement Reform Gains…
Nigeria’s capital market is entering a new era of speed and efficiency as the Securities and Exchange Commission…
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…
FG Raises N729bn Bond to Clear GenCos’ Debts, Boost Nigeria’s Power Sector…
The Federal Government has unveiled plans to raise approximately N729 billion through a new bond issuance to settle…
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…
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…
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…
CBN HoldCo Capital Buffer May Force Nigerian Banks to Raise N1.7 Trillion, RenCap…
Nigeria’s banking sector could be heading for another major capital-raising exercise as Renaissance Capital…
Tinubu Signs Virtual Assets Executive Order, Launches Council to Strengthen Crypto…
President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, marking a…
Nigeria Crude Oil Production Hits N41.7tn in Six Months as Output Shows Strong…
Nigeria earned an estimated N41.74 trillion from crude oil and condensate production in the first six months of…
Dangote Refinery Crude Imports Raise Fresh Doubts Over Nigeria’s Crude-for-Naira…
Nigeria’s crude-for-naira initiative has come under renewed scrutiny following revelations that the Dangote…
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…
Telecom operators endorse NCC framework
Nigeria’s telecommunications industry has thrown its weight behind the Nigerian Communications Commission’s (NCC)…
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…
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…
Businesses urged to prepare for AI misinformation before polls
As Nigeria moves closer to the 2027 general election, businesses, investors, and institutions are being urged to…
CBN Unveils FX BDC Purchase Tracker to Monitor Bureau De Change Transactions in…
The Central Bank of Nigeria (CBN) has rolled out a new digital monitoring platform known as the FX BDC Purchase…
Fintech raises capital for African expansion
Nigeria’s leading fintech company, Mathesis Analytics, has secured a strategic investment from First Ally Capital,…
CBN Launches Digital FX Tracker, Tightens Rules for BDC Dollar Purchases Through…
The Central Bank of Nigeria (CBN) has unveiled a new digital platform designed to monitor foreign exchange…
BUA Cement Selloff Drags Nigerian Stock Market Lower Despite First HoldCo’s…
The Nigerian stock market closed slightly lower on Thursday as a steep decline in BUA Cement overshadowed…
PETROAN Urges Refinery Revival as Dangote Refinery Switches to Dollar Sales
Nigeria’s downstream petroleum sector is facing renewed uncertainty as the Petroleum Products Retail Outlets Owners…
NERC CapEx Order Triggers Power Sector Showdown as DisCos, State Regulators Push…
Nigeria's electricity sector has been thrust into the spotlight following the implementation of the NERC CapEx…
BUA Foods approves N504b dividend, unveils expansion plan to boost food security
BUA Foods Plc has approved a massive N504 billion dividend for shareholders while unveiling an ambitious expansion…
NGX Major Deals Hit N32.73 Billion as First HoldCo and Seplat Lead Market Rebound
The Nigerian Exchange (NGX) witnessed a surge in high-value transactions on Tuesday, with major deals totaling…
World Bank: 79% of Nigerians Still Face Poverty Despite Economic Reforms
Despite nearly three years of major economic reforms by the Federal Government, the World Bank has revealed that…