Nigeria External Reserves Rise by $1.01bn in Two Weeks, Cross $50bn as Investor Confidence Strengthens
Nigeria’s external reserves have continued their upward momentum, rising by more than $1.01 billion in just two weeks of June…
Category: Local
Foreign Investors Pour $3.3bn Into Nigerian Bonds as High Yields Drive Confidence Surge
Foreign investors have significantly increased their exposure to Nigeria’s debt market, injecting about $3.23bn into Nigerian bonds in the first…
CBN Liquidity Tightening – N3.83 Trillion Withdrawn Shakes Nigeria’s Financial System
Nigeria’s financial system came under pressure last week as the Central Bank of Nigeria intensified its liquidity control measures, withdrawing…
Inflation Climbs Toward 16% as Geopolitical Tensions and Rising Costs Pressure Nigerian Economy
Nigeria’s inflationary pressure continued its steady climb in May 2026, with the headline inflation rate rising to 15.93%, according to…
NGX Suffers Sharp Selloff as Market Capitalization Drops by N984bn on Heavy Profit-Taking
The Nigerian equities market opened the week on a bearish note as sustained profit-taking and widespread selloffs pushed the Nigerian…
NGX Market Slumps as Oil Stocks, First HoldCo Trigger N945bn Loss in One-Day Sell-Off
Nigeria’s equities market slipped back into the red on Monday, June 15, 2026, as heavy selling pressure hit major oil…
Naira strengthens to N1,356/$ amid rising reserves — strongest level since April 2026
The Nigerian naira recorded a fresh gain on Monday, strengthening to N1,356 per US dollar at the official foreign exchange…
Nigeria’s Non-Oil Export Drive Gains Momentum Amid Push for Long-Term Economic Stability
Nigeria recorded a strong external trade performance in the first quarter of 2026, posting a trade surplus of ₦7.55 trillion,…
NGX Market Sheds N1.02 Trillion as Bank and Oil Stocks Drag Equities Down
The Nigerian equities market ended on a weak note as investors recorded a significant loss of about N1.02 trillion in…
CBN HoldCo Reforms May Force ₦370bn Capital Raise Across Nigeria’s Top Banks
Nigeria’s leading banking groups may soon be compelled to raise about ₦370 billion in fresh capital following proposed new rules…
Oil Price Drops to $83 as US–Iran Peace Deal Sparks Global Market Shift
Crude oil prices slid sharply on Monday, falling to around $83 per barrel after the United States and Iran signed…
Nigeria Gas Production Hits 7.93bcf/d in May 2026 as Output Strengthens
Nigeria’s natural gas sector recorded a modest but steady growth in May 2026, with average daily production rising to 7.93…
Nigeria’s Fuel Import Bill Crashes 96% to N87bn in Q1 2026
Nigeria’s expenditure on fuel imports dropped sharply in the first quarter of 2026, signaling a significant shift in the country’s…
United Capital Acquires 5% Stake in NGX Group, Signals Strong Confidence in Nigeria’s Capital Market
United Capital Group has strengthened its foothold in Nigeria’s financial sector after acquiring a 5 percent equity stake in the…
Nigeria Inflation Rate Climbs to 15.93% in May as Rising Prices Continue to Squeeze Consumers
Nigeria’s inflation rate rose to 15.93% in May 2026, highlighting the continued pressure of rising prices on households and businesses…
Nigeria’s Corporate Giants Reap Reform Windfall as Cash Flows Surge 247% in Three Years
Three years after President Bola Tinubu introduced sweeping economic reforms, Nigeria’s largest listed companies are showing remarkable financial resilience, with…
Nigeria Overtakes Morocco as Africa’s Second-Largest Stock Market Amid Record Rally
Nigeria has climbed to become Africa’s second-largest stock market, overtaking Morocco after a remarkable rally that has transformed the Nigerian…
CBN Liquidity Tightening Sparks Rush into Short-Term Debt as Investors Chase High Yields
Nigeria’s financial markets are undergoing a sharp recalibration as the Central Bank of Nigeria intensifies its liquidity tightening campaign, pushing…
Nigerian Fixed-Income Market Surges to N1.06tn as Investors Rush Into Treasury Bills and Bonds
Nigeria’s fixed-income market witnessed a dramatic surge in trading activity as total daily turnover climbed past the N1 trillion mark,…
Naira Slips Again as FX Liquidity Tightens, Loses N5.08 in a Week
The naira came under renewed pressure this week as weaker dollar supply in the foreign exchange market triggered fresh depreciation…
Tinubu @ 3: Nigeria’s Stock Market Surges N130 Trillion Amid Economic Hardship and Bold Reforms
Nigeria’s stock market has delivered one of its most dramatic wealth surges in recent history, rising from about N30 trillion…
Nigeria Company Income Tax Falls to N1.37 Trillion in Q1 2026 as Collections Decline 8.08%
Nigeria’s Company Income Tax (CIT) collections recorded a notable decline in the first quarter of 2026, as new data from…
NGX Market Rally Adds N1.4 Trillion as Nigerian Stocks Push Capitalisation Above N156 Trillion
Nigeria’s equities market ended the week on a strong bullish note as investors collectively gained about N1.4 trillion, pushing market…
Nigeria VAT Surges to N2.42 Trillion in Q1 2026 as Economy Strengthens Non-Oil Revenue Base
Nigeria’s economy recorded a strong boost in non-oil revenue as Value Added Tax (VAT) collections climbed to N2.42 trillion in…
IMF Urges Nigeria to Tax Fuel and Telecom Services to Boost Revenue
Nigeria may soon face renewed debates over taxation after the International Monetary Fund (IMF) recommended the introduction of taxes on…
NGX Gains 0.6% Weekly Despite Midweek Dip as Airtel, MTN, and First HoldCo Drive ₦52.8bn Turnover Rally
The Nigerian equities market closed the shortened trading week on a positive note, with the Nigerian Exchange (NGX) recording a…
Nigeria VAT Collections Hit N2.42 Trillion in Q1 2026 as Tax Revenue Surges 17%
Nigeria’s Value Added Tax (VAT) revenue has recorded a strong start to 2026, rising to N2.42 trillion in the first…
N279bn petrol cargoes arrive amid Dangote-NNPC legal battle
Six fuel-laden vessels valued at approximately N279 billion have begun arriving at Nigerian ports, intensifying attention on the ongoing legal…
CBN Proposes Stricter Banking Rules with New Ring-Fencing Guidelines for Financial Groups
The Central Bank of Nigeria (CBN) has introduced draft guidelines aimed at tightening oversight of banks and other financial institutions…
New Nigeria Festival Targets $1 Trillion Economy Ambition with Innovation and Investment Drive
Nigeria is set to take a bold step toward its long-term economic ambitions with the launch of the New Nigeria…