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Edible Oil Tanker Drivers Suspend Strike After FG, DSS Intervention
Nigeria’s edible oil tanker drivers have suspended their planned industrial action, averting a potential…
Digital Invoicing Must Unlock Affordable Working Capital for Nigerian SMEs,…
Nigeria’s Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has called for the country’s National…
Dangote Plans 2028 IPO for Fertiliser Business as Group Deepens NGX Presence
President of Dangote Industries Limited, Aliko Dangote, has announced plans to list the group’s fertiliser…
CBN Cuts Interest Rate to 23% as Inflation Eases, Lowest Level Since February 2024
The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) to 23 percent, marking the first…
Nigeria’s Foreign Reserves Hit $55 Billion, Highest Level in Over 18 Years
Nigeria’s foreign reserves have crossed the $55 billion mark, reaching their highest level in more than 18…
CBN’s 350bps Rate Cut Could Spur Economic Growth, Raise FX Pressure Risks
The Central Bank of Nigeria (CBN) has taken a major step toward supporting economic growth, cutting its…
Cash Outside Banks Rises to N4.87 Trillion in August After Three-Month Decline
Cash outside banks in Nigeria rose to N4.87 trillion in August 2026, reversing a three-month downward trend,…
Pertamina Eyes Nigeria’s 2026 Oil Licensing Round as Investment Interest Grows
Indonesia’s state-owned energy company, Pertamina, is exploring investment opportunities in…
Dangote Expands Refinery, Acquires 4,000 Machines to Raise Capacity to 1.4 Million…
Dangote Industries Limited has stepped up plans to expand its Lekki refinery in Lagos, acquiring an…
NMDPRA Says It Does Not Fix Petrol Prices as Pump Prices Rise to N1,450
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that it…
Dangote IPO Could Transform Nigeria’s Capital Market as Millions Gain Access to…
The Dangote IPO Nigeria is emerging as more than a landmark share sale for Africa’s biggest refinery. The…
CPPE Raises Alarm Over Growing Presence of Foreign Traders in Nigeria’s Retail…
The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns over the growing…
Dangote Refinery Sourced 60% of Crude Locally as Nigerian Feedstock Hits 116m…
The Dangote Petroleum Refinery sourced about 60 per cent of its crude feedstock from Nigeria in the 12 months ended…
Nigeria’s Foreign Reserves Rise $12.76bn in One Year to $54.61bn
Nigeria’s gross foreign exchange reserves have climbed by $12.76 billion in one year, reaching $54.61 billion as of…
Nigeria’s Exports to Africa Hit N10.72tn as Oil Dominates Trade Growth
Nigeria’s exports to African countries surged to N10.72tn in the first half of 2026, representing a 122.26 per cent…
FG, States and LGs Share N2.34tn as FAAC Revenue Falls 22.2%
The Federal Government, states and local government councils shared N2.338 trillion in August 2026 revenue, marking…
Dangote Applauds NGX Leadership as Capital Market Transformation Gains Momentum
Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, has commended the leadership of…
9 Companies Dominate NGX, Control 68% of N157.7trn Market Capitalisation
Nigeria’s equity market is becoming increasingly concentrated in a handful of major companies, with nine firms…
NGX investors gain N1.1trn in three days as stocks rally despite Dangote IPO…
The Nigerian Exchange (NGX) recorded a N1.1 trillion increase in market capitalisation over three trading sessions,…
Nigerian Equities Extend Winning Streak to Five Sessions, Market Cap Gains N316bn
The Nigerian equities market extended its bullish run to a fifth consecutive trading session on Wednesday, as…
Nigeria Raises N748.6bn From FGN Bonds as Borrowing Rates Ease
Nigeria’s Federal Government has raised N748.64bn through its September 2026 FGN bond auction, as investors showed…
FG Begins Six-Week Review of Nigeria’s New Tax Laws Amid Business Concerns
The Federal Government has commenced a six-week review of Nigeria’s new tax laws following concerns from businesses…
Naira Devaluation Lifts Foreign Subsidiaries’ Earnings Contribution to Nigerian…
The sharp depreciation of the naira between 2023 and 2024 has significantly increased the contribution of foreign…
Seplat Energy Shares Hit Record N14,907 as Oil Market Disruptions Drive Investor…
Seplat Energy shares hit a fresh record on the Nigerian Exchange Limited (NGX), climbing to N14,907.80 as renewed…
NGX Market Cap Rises to N159.9tn as Trading Volume Surges to 1.1bn Shares
The Nigerian Exchange (NGX) extended its bullish run on Thursday, September 17, 2026, as investors added about…
₦1m Each in Three of Dangote Listed Companies Would Be Worth About ₦78m Today
According to Capital ltd Capital analysis, which highlights long-term wealth creation, foreign-exchange…
Nigeria’s Portfolio Inflows Rise 14.4% to $6.03 Billion in Q1 2026
Nigeria recorded a sharp increase in portfolio investment inflows in the first quarter of 2026, with foreign…
Farm Produce Inflation Hits 21.99% in August, Highest Level in 2026
Farm produce inflation in Nigeria climbed to 21.99% in August 2026, marking its highest level so far this year and…
All On Invests $5m in PowerGen to Expand Mini-Grids, Reach 41,000 Nigerians
Renewable energy investment firm All On has committed $5 million to PowerGen Renewable Energy Nigeria Limited to…
Fuel Price Warning: Oil Shock Could Push Brent to $120, Raise Costs for Nigerians
Nigeria is facing a fresh fuel price warning as disruptions to global oil supplies threaten to push Brent crude…