Nigeria External Reserves Hit $49.26bn as Naira Gains Stability Near $50bn Milestone
Nigeria’s external reserves have climbed to $49.26 billion, marking a four-month high and edging closer to the symbolic $50 billion…
Category: Local
CBN Extends PoS Geo-Fencing Enforcement Deadline to July 31, 2026 Amid Compliance Push
The Central Bank of Nigeria (CBN) has announced an extension of the enforcement deadline for its Point of Sale (PoS)…
Tinubu’s Economic Reforms Stabilise Nigeria’s Economy, But Welfare Gains Still Lag – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) says President Bola Tinubu’s first three years in office have largely…
NGX Stock Market Turnover Drops 31% to N111bn Amid Holiday-Shortened Trading Week
The Nigerian stock market ended a shortened trading week on a softer note, as equity traders exchanged about N111.48 billion…
NECA: Economic Reforms Fail to Ease Pressure on Nigerian Businesses Amid Rising Costs
Despite ongoing economic reforms in Nigeria, the Nigeria Employers’ Consultative Association (NECA) says many businesses are still struggling under heavy…
Nigeria Stock Market Switches to T+1 Settlement as Investors Set for Faster Cash Turnaround
Nigeria’s capital market has entered a new era of speed as a fresh trading rule officially takes effect, cutting the…
Nigeria Capital Market Gains N60 Trillion in Five Months as Investor Confidence Soars
The Nigerian capital market has delivered a stunning performance in 2026, recording a massive wealth surge of over N60 trillion…
Nigeria Shifts From Economic Reforms to Growth Phase — Oyedele
Nigeria is entering a new phase of its economic journey, moving from painful reforms into a period of expected growth,…
Nigeria’s Banks Face Rising Bad Loans as CBN Ends Regulatory Forbearance, NPL Ratio Hits 8.03%
Nigeria’s banking sector is under fresh pressure as bad loans climbed to 8.03 per cent in January 2026, following the…
Top Nigerian Stocks in May 2026: Learn Africa Leads Investors’ Attention with Strong Rally
Learn Africa Plc emerged as one of the best-performing Nigerian stocks in May 2026, delivering a remarkable 37.10% return and…
Naira Ends May at N1,372/$ as FX Market Stability Boosts Investor Confidence
The Nigerian naira ended May 2026 at N1,372 against the United States dollar, marking a relatively stable performance despite ongoing…
Nigeria Private Sector Credit Declines by N14 Trillion Despite CBN Rate Cut
Nigeria’s private sector has recorded a sharp contraction in lending, with credit falling by over N14 trillion within just two…
Alaoji Power Plant Restored: NDPHC Revives 450MW Facility Amid Nigeria Electricity Recovery Push
Nigeria’s power sector received a major boost as the Niger Delta Power Holding Company (NDPHC) announced the restoration of the…
Digital Switch-Over: NBC Says N605.2 Trillion Advertising Market Set to Be Unlocked in Nigeria
The National Broadcasting Commission (NBC) has projected that Nigeria’s upcoming Digital Switch-Over (DSO) will unlock a massive N605.2 billion advertising…
NGX ETF Turnover Drops 31% to N815.90m as Investor Activity Weakens Across Major Funds
Trading activity on the Nigerian Exchange (NGX) Exchange Traded Fund (ETF) segment slowed sharply in the week ended May 22,…
Nigeria’s Refinery Struggles Deepen as Fuel Import Bill Hits ₦46.17 Trillion Amid Calls for Local Production Reform
Nigeria’s dependence on imported fuel continues to spark debate as industry experts warn that local refineries are still struggling with…
CBN Injects N9.71 Trillion Through OMO Bills as Naira Gains N19.67 Against Dollar in April
Nigeria’s foreign exchange market showed signs of renewed stability in April 2026, with the naira appreciating by N19.67 against the…
Dangote faces price war as NNPC backs fuel imports
Nigeria’s downstream petroleum sector is heading for another major showdown as the Nigerian National Petroleum Company Limited (NNPC) and fuel…
FG Cancels $717.7 Million World Bank Power Loan as Nigeria’s Electricity Crisis Deepens
Nigeria’s efforts to revive its struggling electricity sector suffered a major setback after the Federal Government cancelled $717.7 million in…
Foreign Investors, Banks Target Nigerian Insurance Firms as Recapitalisation Deadline Nears
As Nigeria’s insurance industry races against the clock to meet new capital requirements, foreign investors and local banks are increasingly…
Nigeria’s Oil Sector Contributes 3.92% to GDP in Q1 2026 Despite Improved Growth Performance
Nigeria’s oil sector accounted for 3.92% of the country’s real Gross Domestic Product (GDP) in the first quarter of 2026,…
Nigeria’s GDP Grows 3.89% in Q1 2026 as Agriculture and Services Power Economic Expansion
Nigeria’s economy began 2026 on a stronger footing, with the country’s Gross Domestic Product (GDP) expanding by 3.89% year-on-year in…
NGX Boss Urges CBN to Integrate Capital Market Development into Monetary Policy for Stronger Economic Growth
The Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group (NGX Group), Temi Popoola, has urged the…
Naira Weakens to N1,375/$ Amid Rising FX Pressure Despite $48.72bn External Reserves
The Naira weakened to N1,375.46 per dollar in the official market last week, marking a 0.32% decline as pressure from…
Capital market awards spotlight rising investor participation
Nigeria’s capital market is once again taking centre stage as preparations begin for the second edition of the Capital Market…
MPC Holds Interest Rate at 26.5% as Inflation Pressures Rise: What It Means for Nigeria’s Economy
At its 305th meeting, Nigeria’s Monetary Policy Committee (MPC) chose to keep the Monetary Policy Rate (MPR) unchanged at 26.5%,…
Nigerian Stock Market Rally Faces Overbought Signals Despite Strong Valuations and Bullish Outlook
The Nigerian Exchange Group (NGX) is riding one of its strongest bull runs in history, with the All-Share Index (ASI)…
Cooking Gas Crisis in Nigeria: Prices Hit ₦1,500/kg as Marketers Warn of Scarcity and Economic Shock
Nigeria’s cooking gas market is under fresh pressure as marketers raise alarm over worsening scarcity and a sharp increase in…
CPPE Defends Dangote Refinery, Rejects Monopoly Claims and Calls for Stronger Local Refining Support
The Centre for the Promotion of Private Enterprise (CPPE) has rejected allegations that the Dangote Refinery poses a monopolistic threat…
NGX Weekly Trade Value Falls 50% to N161.8bn as Investors Turn Cautious
Investor activity on the Nigerian Exchange (NGX) slowed sharply last week as the total value of shares traded dropped by…