PenCom Launches PenCare Pilot Scheme to Provide Free Healthcare for Low-Income Retirees
The National Pension Commission (PenCom) has launched the pilot phase of its new healthcare support programme, known as the PenCare…
Category: Local
Nigeria Credit Rating Upgrade 2026: FX Reforms and Fiscal Policies Drive S&P Boost
Nigeria’s economic reform drive has earned fresh global recognition after ratings agency S&P Global Ratings upgraded the country’s sovereign credit…
Nigeria’s Oil Exploration Drops 41.7% as Rig Count Falls to 12 – OPEC Report Raises Production Concerns
Nigeria’s oil and gas sector recorded a sharp slowdown in April 2026, as exploration and drilling activities fell by 41.7%,…
Nigeria’s Oil Sector Booms as Local Content Policy Drives 117 Operating Firms and 61% Industry Growth
Nigeria’s oil and gas sector is undergoing a major transformation as local content policies continue to reshape the industry, boosting…
Nigeria Oil Industry Sees Major Boom as Local Content Policy Drives 117 Operating Firms
Nigeria’s oil and gas industry is undergoing a major transformation as local content policies continue to reshape the sector and…
SEC T+1 Settlement Cycle Nigeria: SEC Sets June 1, 2026 for Capital Market Transition
The Securities and Exchange Commission (Nigeria) has announced a major shift in the country’s capital market structure, confirming that Nigeria…
Equities Post Modest Rebound As Selective Gains Add N917bn On NGX
Trading at the Nigerian Exchange (NGX) closed on a mildly positive note as selective buying interest helped the market recover,…
FGN Bond Subscriptions Drop 45% as Investors React to Higher Yields in 2026 Auction
Investor confidence in Federal Government of Nigeria (FGN) bonds weakened in May 2026, as total subscriptions dropped sharply by 45.6…
BUA Cement, Banking Stocks Lift NGX as All-Share Index Ends Four-Day Losing Streak
The Nigerian stock market returned to positive territory on Tuesday as gains in BUA Cement and several large-cap banking stocks…
CBN Set to Maintain Tight Monetary Policy as Inflation and Global Oil Shock Deepen Pressure on Economy
Financial analysts and economists are widely expecting the Central Bank of Nigeria (CBN) to maintain its current tight monetary policy…
Tax reform: FG opens free dispute resolution channels
The Federal Government has launched a new free tax dispute resolution system in Nigeria, allowing taxpayers to resolve issues without…
CBN Likely to Hold Interest Rate at 26.5% as Inflation Pressures Persist — Analysts
Nigeria’s monetary policy direction is once again in focus as the Central Bank of Nigeria (CBN) prepares for its Monetary…
Nigeria Revenue Service Introduces Unified Tax ID System for All Taxpayers Nationwide
The Nigeria Revenue Service (NRS), in partnership with the Joint Revenue Board (JRB), has officially announced the rollout of a…
AKK Gas Pipeline Project Set to Revolutionize Nigeria’s Economy and Industrial Growth
Nigeria’s ambitious $2.8 billion Ajaokuta–Kaduna–Kano (AKK) gas pipeline project is being described as a game-changer that could reshape the country’s…
CBN Monetary Policy Rate Decision: Analysts Expect Hold at 26.5% Amid Rising Inflation Pressures
Analysts are widely expecting the Central Bank of Nigeria (CBN) to keep its Monetary Policy Rate (MPR) unchanged at 26.5%…
Nigerian Stock Market Dips as Investors Lose N81bn Amid Profit-Taking Pressure
The Nigerian equities market started the week on a weak note as investors recorded losses of about N81bn following a…
Banks Flood Treasury Bills Market as High Yields Attract Surplus Liquidity in Nigeria
Nigeria’s banking sector is once again turning to government securities as a safe haven, with commercial banks increasingly channeling excess…
CPPE Warns CBN: Further Interest Rate Hikes Could Stall Nigeria’s Economic Recovery
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to tread carefully…
Aradel Leads N37.02bn NGX Turnover as Oil Stocks Drive Mixed Market Performance on Monday
The Nigerian Exchange (NGX) started the week on a mixed note as Aradel Holdings Plc emerged as the standout performer,…
SEC Nigeria Approves T+1 Settlement Cycle to Modernize Capital Market from June 1, 2026
Nigeria’s Securities and Exchange Commission (SEC) has announced a major shift in how trades are settled in the country’s capital…
Dangote Refinery reduces Jet Fuel Price to N1,650
Nigeria’s aviation industry has received a major boost as Dangote Petroleum Refinery & Petrochemicals announced a reduction in the price…
N4.65 Trillion Bank Recapitalisation: Nigerian Banks Face Pressure to Turn Capital Into Real Growth
After successfully raising a combined N4.65 trillion to meet the Central Bank of Nigeria’s (CBN) recapitalisation requirements, Nigerian banks are…
Foreign Investors Deepen Interest in Nigeria’s Refinery Sector as Global Confidence Grows
Nigeria’s refinery and downstream petroleum industry is witnessing a fresh wave of global attention as foreign technical experts and investors…
Federal Government Unveils Smart National Transport Databank to Revolutionize Nigeria’s Transport System
The Federal Government has announced plans to establish a Smart National Transport Databank (SNTDB) aimed at transforming Nigeria’s transport system…
CBN, CIBN Push for Stronger Female Leadership in Banking as Lagos Hosts Maiden AWBFA Conference
The conversation around female banking leadership in Africa took center stage in Lagos as the African Women in Banking and…
Nigerian Stock Market Surges as Investors Trade N374bn Worth of Shares in a Week of Strong Rally
The Nigerian capital market ended last week on a strong bullish note, with investors exchanging an impressive 7.77 billion shares…
FGN Bonds and T-Bills Deliver Peak Returns in Q1 2026 as 364-Day Treasury Bill Hits 18.47%
Nigeria’s fixed-income market recorded some of its strongest sovereign returns in recent years during the first quarter of 2026, before…
CBN rules give foreign banks, fintechs advantage over Nigerian lenders – Chapel Hill report
Nigeria’s banking sector is facing renewed scrutiny after a new report by investment banking and research firm Chapel Hill Denham…
Banks Dominate as NGX Companies Spend ₦628bn on Technology in 2025 Amid Digital Race
Listed companies on the Nigerian Exchange poured massive resources into technology in 2025, spending a combined ₦628.1 billion on IT-related…
CBN MPC Meeting: Analysts Predict No Change in Interest Rate as Inflation Pressures Persist
Nigeria’s monetary policy outlook is set for a cautious stance as the Central Bank of Nigeria (CBN) Monetary Policy Committee…