CBN Raises N1.46 Trillion at Treasury Bills Auction as Investor Demand Soars
The Central Bank of Nigeria (CBN) has raised N1.457 trillion at its June 3, 2026 Treasury Bills (NTB) auction, as…
Category: Local
Nigerian Stock Market Loses N2.28 Trillion as Profit-Taking Triggers Third Straight Decline
The Nigerian stock market extended its losing streak on Wednesday, shedding a massive N2.28 trillion in market value as investors…
Foreign Capital Inflows Surge 84% to $10.37 Billion as Investors Flock to Nigerian Assets in Q1 2026
Nigeria witnessed a significant boost in foreign capital inflows during the first quarter of 2026, attracting a total of $10.37…
ETF Turnover Falls to N3.67 Billion as Investor Activity Slows Despite Broad Market Gains
Exchange Traded Funds (ETFs) listed on the Nigerian Exchange (NGX) experienced a slight slowdown in trading activity in May 2026,…
Nigeria Insurance Sector Races to Meet Recapitalisation Rules as NAICOM Deposit Deadline Expires
Nigeria’s insurance industry has entered a critical phase of reform as insurers and reinsurers intensify recapitalisation efforts following the expiration…
NGX Group Calls for Stronger Capital Market Integration into Monetary Policy Framework
The Nigerian Exchange Group (NGX Group) has called for a stronger integration of the capital market into Nigeria’s monetary policy…
Dangote alleges crude supply sabotage by govt, NNPC objects
The battle between Africa’s richest man’s refinery and Nigeria’s oil authorities has escalated, as the Dangote Petroleum Refinery and Petrochemicals…
CBN FX Manual Reform: Cardoso Bets on Rules to Stabilise Nigeria’s Foreign Exchange Market
Nigeria’s foreign exchange market has long struggled with instability, uncertainty, and policy inconsistencies that have affected importers, exporters, and investors…
Naira Strengthens to N1,833/£1 as CBN Policies and FX Reserves Support Stability in Nigeria FX Market
The Nigerian naira has continued its steady performance against the British Pound Sterling, trading at around N1,833/£1 in the latest…
Nigerian Stock Market Turns Bearish as NGX Loses N479bn Amid Broad Sell-Off
The Nigerian equities market closed on a negative note as bearish sentiment dominated trading activities, wiping off about N479 billion…
DMO Opens June 2026 FGN Savings Bond at 14.777% Interest as Nigeria Raises Investor Returns
The Debt Management Office (DMO) has officially opened subscription for the June 2026 FGN Savings Bond, offering Nigerians another chance…
NGX Loses N2.29 Trillion as Market Sell-Off Deepens in Early June Trading
The Nigerian equities market started June 2026 on a bearish note, wiping out a staggering N2.29 trillion in market capitalisation…
Tinubu’s Economic Reforms Propel Nigerian Stock Market to Record N160 Trillion
Nigeria’s stock market has witnessed an unprecedented transformation over the last three years, with the Nigerian Exchange (NGX) growing from…
Nigeria’s capital market becomes first in Africa to adopt one-day trade settlement cycle
Nigeria has achieved a major milestone in its financial sector as the Nigerian Exchange (NGX) officially transitioned to a T+1…
CSCS Launches T+1 Settlement Cycle in Nigeria: Capital Market Enters Faster Global Trading Era
Nigeria’s capital market has taken a major leap forward as the Central Securities Clearing System (CSCS) Plc officially launched the…
NGX Opens Week Bearish as Market Capitalisation Drops 1.13% on Heavy Sell Pressure
The Nigerian Exchange Limited (NGX) began the new trading week on a negative note as investors recorded widespread losses across…
CBN Faces N10.90 Trillion Liquidity Surge in June as OMO Maturities Hit N7.77 Trillion Pressure Point
Nigeria’s financial system is heading into another wave of liquidity pressure as the Central Bank of Nigeria (CBN) prepares to…
CBN Targets N2.83tn Cash in Circulation as Nigeria Pushes Cashless Economy Ahead of 2027 Elections
The Central Bank of Nigeria (CBN) has announced a bold plan to pull about N2.83 trillion in cash currently outside…
Nigeria’s 3.89% GDP Growth Fails to Lift Living Standards Despite Economic Gains – MoneyAfrica
Nigeria’s economy recorded a 3.89% year-on-year growth in the first quarter of 2026, but fresh analysis from investment research firm…
Petrol Price Surges 643% in Nigeria as Fuel Crisis Deepens Amid Global Oil Shocks
Nigeria’s fuel market has witnessed a dramatic and painful transformation as the price of Premium Motor Spirit (petrol) skyrocketed by…
Oil Workers Shut Down NUPRC Nationwide Over Foreign Training Dispute
Operations at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) were brought to a standstill on Monday after oil-sector workers under…
Naira Misses Africa’s Top 10 Currencies in May Despite FX Stability and Rising Reserves
Despite signs of improved stability in Nigeria’s foreign exchange market, the naira failed to break into Africa’s top 10 best-performing…
Nigeria Economy Q1 2026: Best and Worst Performing Sectors as Growth Strengthens but Risks Persist
Nigeria’s economy is showing clearer signs of stability in 2026, with stronger macroeconomic indicators compared to the previous year. After…
Nigeria Makes History as Capital Market Shifts to Faster T+1 Settlement Cycle
Nigeria’s capital market has recorded a major breakthrough with the official launch of a T+1 settlement cycle, making it the…
12 NGX-Listed Companies Set to Pay Dividends in June 2026: Full Breakdown of Payout Dates and Stocks
Shareholders on the Nigerian Exchange (NGX) are in for a rewarding month as 12 listed companies have confirmed dividend payments…
Nigeria’s Gas Reserves Set to Power Global AI Revolution, Boost Digital Infrastructure
As artificial intelligence (AI) continues to reshape industries worldwide, the race to secure reliable energy sources has become a critical…
CBN Targets 95% Financial Inclusion by 2028 as Cardoso Unveils Digital Payments Vision
The Central Bank of Nigeria (CBN) has unveiled an ambitious plan to achieve 95 percent financial inclusion by 2028, a…
Nigeria Risks Losing Fintech Wealth as Tech Giants Eye Foreign Stock Listings, Expert Warns
Nigeria’s booming fintech sector has become one of the country’s biggest success stories, but a financial markets expert has warned…
Nigeria’s Crude Oil Sector Grows 16.4% Despite Falling Production — Signs of a Quiet Recovery Emerging
Nigeria’s crude petroleum sector has posted a surprising 16.37% year-on-year growth in the first quarter of 2026, signaling a rebound…
NNPC Profit Soars to N481bn as Revenue Hits N4.97tn in April 2026 Amid Oil Output Recovery
The Nigerian National Petroleum Company Limited (NNPC) has reported a strong financial performance for April 2026, posting a profit after…