Nigeria Surpasses OPEC Oil Quota as Crude Production Hits 15-Month High
Nigeria has recorded its strongest crude oil production performance in over a year, surpassing its Organisation of the Petroleum Exporting…
Category: Local
FG Raises N4.68 Billion Through June Savings Bond as Investors Seek Safer Returns
The Federal Government of Nigeria has raised N4.678 billion through its June 2026 Savings Bond issuance, highlighting growing investor confidence…
Nigeria’s Oil Production Climbs to 1.53 Million bpd, Highest Level Since July 2025
Nigeria’s oil production rose to an average of 1.53 million barrels per day (bpd) in May 2026, marking its highest…
Top 10 Best Performing Money Market Funds in Nigeria Deliver Over 20% Returns in 2026
Nigeria’s money market fund sector continues to attract investors seeking safety, liquidity, and attractive returns, with the segment’s net asset…
Tinubu Not Nigeria’s Biggest Borrower, New Report Says as Debt Debate Intensifies
President Bola Tinubu is not Nigeria’s biggest borrower since Nigeria returned to democratic rule in 1999, according to a new…
Nigerians Expect Inflation to Ease in Six Months Despite Ongoing Price Pressures – CBN Survey
Despite ongoing pressure on household budgets, Nigerians are beginning to believe that inflation may slow down in the coming months.…
Nigeria’s Economic Reforms Gain IMF Backing as FG Pledges Sustained Policy Drive
The Federal Government has reaffirmed its commitment to sustaining ongoing economic reforms following a positive assessment from the International Monetary…
AfDB Pledges $86m to Boost Nigeria Agro-Industrial Zones as SAPZ Gains Fresh Funding Momentum
The African Development Bank (AfDB) has pledged $86 million to support Nigeria’s Special Agro-Industrial Processing Zones (SAPZ) programme, a major…
FX Reforms Boost Global Naira Card Usage as Banks Raise Dollar Limits
Improved foreign exchange liquidity in Nigeria, driven by sweeping economic reforms, is reshaping how Nigerians use their naira cards for…
Nigerian Stock Market Gains N100bn as Bulls Extend Rally for Fourth Straight Session
The Nigerian equities market maintained its upward momentum on Wednesday, extending its bullish run to a fourth straight trading session…
NRS Launches Rev360 Platform to Boost Voluntary Tax Compliance Through Digital Innovation
The Nigeria Revenue Service (NRS) has taken a major step toward modernizing tax administration with the launch of its new…
MTNN, Vitafoam, Livestock Drive NGX Rally as Investors Gain N99.15bn Despite Mixed Market Sentiment
The Nigerian equities market extended its recovery streak on Wednesday, June 10, 2026, as select heavyweight stocks including MTN Nigeria,…
Business Confidence in Nigeria Climbs as CBN Survey Signals Stronger Economic Outlook Despite Rising Costs
Nigeria’s business community showed renewed optimism in May 2026 as confidence levels improved significantly despite ongoing concerns over insecurity, high…
Dangote Refinery Hits $39.1 Billion Valuation as Investors Rush Into $1 Billion Capital Raise
The Dangote Petroleum Refinery has reached a remarkable valuation of $39.1 billion as it moves to raise fresh capital through…
Naira Holds at N1,361/$ as Dollar Strengthens on Strong U.S. Jobs Data and Fed Outlook Pressure
The Nigerian naira maintained a relatively stable position against the U.S. dollar, settling around N1,361/$ in midweek trading as the…
Nigeria Economic Reforms Gain IMF Support as FG Vows to Sustain Policy Drive
The Federal Government of Nigeria has welcomed the latest assessment from the International Monetary Fund, describing it as strong validation…
FG Sets June 12 Deadline for Oil Bids in 2025 Licensing Round as Nigeria Pushes Upstream Investment
The Federal Government has set Friday, June 12, 2026, as the final deadline for the submission of technical and commercial…
CBN Drains N1.69 Trillion in Fierce Liquidity Mop-Up as Investors Rush Long-Term OMO Bills
The Central Bank of Nigeria stepped up its liquidity control measures on June 8, 2026, draining a massive N1.69 trillion…
Tinubu’s Nigeria Sees $10bn Capital Inflow, But Investors Prefer Lending Over Long-Term Investment
Nigeria’s capital inflows have hit a new record under President Bola Tinubu, with $10 billion entering the country in the…
Foreign capital inflows into manufacturing sector drop by 50.7% in Q1
Nigeria’s manufacturing sector has suffered a steep setback in attracting foreign investment, with capital inflows plunging by 50.7% in Q1…
Nigeria’s FX Reserves Surge Above $50bn, Reach Highest Level in 17 Years
Nigeria’s foreign exchange reserves have climbed to an impressive $50.11 billion, marking the highest level recorded in 17 years and…
NGX Gains N834.67bn as Airtel Africa, Tier-1 Banks Fuel Market Rally
Nigeria’s stock market continued its impressive rebound on Tuesday as investors added N834.67 billion to the value of listed equities,…
IMF Flags Lending Rate Imbalance as Nigerian Banks React Faster to Rate Hikes Than Cuts
The International Monetary Fund (IMF) has raised concerns over the way Nigerian banks respond to changes in monetary policy, noting…
IMF cautions Nigeria on $5bn Abu Dhabi swap deal
The International Monetary Fund (IMF) has urged Nigeria to exercise caution over its proposed $5 billion Total Return Swap (TRS)…
Nigeria Petrol Imports Crash by N2.18 Trillion in Q1 2026 as Local Refining Reshapes Energy Market
Nigeria’s petrol import bill has taken a dramatic nosedive, falling by a staggering N2.18 trillion in the first quarter of…
Nigeria’s Crude Oil Exports Hit N11.2 Trillion in Q1 2026 Despite Market Swings
Nigeria’s crude oil exports climbed to N11.20 trillion in the first quarter of 2026, reinforcing the country’s dependence on oil…
Nigeria’s Top Banks Mobilise N137 Trillion in Deposits as Liquidity Strength Deepens (Q1 2026 Banking Report)
Nigeria’s banking sector started 2026 on a strong liquidity footing, with the country’s top 10 banks collectively mobilising an estimated…
NDPC, Meta Launch Two-Year Data Protection Initiative to Boost Privacy Awareness in Nigeria
Nigeria is stepping up its digital safety game as the Nigeria Data Protection Commission (NDPC) has partnered with Meta to…
Nigeria Records ₦7.54 Trillion Trade Surplus in Q1 2026 as Oil Exports Surge (Up 340%)
Nigeria has recorded a massive trade breakthrough in the first quarter of 2026, posting a trade surplus of ₦7.54 trillion,…
Nigeria Raises NTB Offer to N4.8 Trillion as Borrowing Pressure Surges in Q2 2026
Nigeria’s debt market is seeing a sharp shift as the Debt Management Office (DMO) has expanded its Nigerian Treasury Bills…