Alleged Fast Credit Data Breach Sparks Fresh Cybersecurity Fears in Nigeria’s Financial Sector
A fresh alleged data breach has surfaced in Nigeria’s financial sector, with Fast Credit Finance Company Limited reportedly targeted by…
Category: Local
Nigerian Stock Market Gains N861bn as Blue-Chip Stocks Drive Strong Rally
The Nigerian stock market closed on a strong bullish note, adding about N861 billion in market value as renewed buying…
Nigeria Fixed Income and Currency Markets Hit N193.2 Trillion Turnover in Q1 2026 Amid FX Surge
Nigeria’s fixed income and currency markets recorded a strong performance in the first quarter of 2026, with total turnover hitting…
CBN Seeks Private Sector Partnership to Boost Value Addition in Nigeria’s Raw Materials Sector
The Central Bank of Nigeria (CBN) has announced plans to deepen collaboration with the private sector to enhance value addition…
Nigeria Export Trade Struggles: Federal Constraints Undermine ₦128bn State Export Investments
Nigeria’s ambition to boost non-oil exports is facing a major setback as federal-level trade bottlenecks continue to choke progress, even…
NUPRC Appeals Court Ruling Over Dawes Island: Nigeria Moves to Protect Oil Investments and Sector Stability
Nigeria’s upstream oil regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has taken the Federal High Court’s recent decision on…
VAT Disbursement Rises 30% to N551.77bn in February 2026 as States Record Broad-Based Growth
VAT allocations to Nigeria’s 36 states and the Federal Capital Territory climbed sharply in February 2026, rising by 30.36% month-on-month…
CBN and NEXIM Strengthen Partnership to Boost Non-Oil Exports and FX Earnings in Nigeria
The Managing Director and Chief Executive of the Nigerian Export-Import Bank (NEXIM), Mr. Abba Bello, has held strategic talks with…
FG borrows N2.69tn from bond market in Q1 2026 as investor demand surges
The Federal Government raised a total of N2.69tn from the domestic bond market in the first quarter of 2026, supported…
CBN Raises ATM Card Issuance Fee to N1,500, Scraps Monthly Maintenance Charge in New 2026 Banking Policy
The Central Bank of Nigeria (CBN) has announced a revision to banking charges, increasing the cost of issuing and replacing…
Naira Weakens to N1,355/$ as External Reserves Fall to $48.48 Billion
The Nigerian naira came under renewed pressure on Thursday, weakening to N1,355 per dollar in the foreign exchange market as…
Investors Shift to State-Led Power Deals in Nigeria’s Electricity Market
Investors are quietly changing how they approach Nigeria’s long-struggling electricity sector, opting for state-led power deals instead of relying on…
NCC Orders Telcos to Compensate Users for Poor Service as MTN Begins Payout
Nigeria’s telecom regulator, the Nigerian Communications Commission (NCC), has directed mobile operators to compensate subscribers affected by poor network service,…
Oyedele’s Fiscal Expertise Will Strengthen Nigeria’s Economy Amid Fiscal Challenges – Mutfwang
Plateau State Governor, Caleb Mutfwang, has praised the appointment of Taiwo Oyedele as a key economic figure in President Bola…
Nigeria Debt Crisis Deepens as Servicing Costs Hit N15.81tn, Sparks Fiscal Discipline Calls
Nigeria’s growing debt burden is once again raising alarm across economic and policy circles, as rising debt servicing costs continue…
Nigeria Records 4,200 Weekly Cyber Attacks as Digital Economy Expands, Says Minister Tijani
Nigeria is experiencing an estimated 4,200 cyber-attacks every week, a growing threat closely linked to the rapid expansion of its…
Nigeria Money Market Shift: T-Bills Hit N3.2tr as Commercial Paper Market Slumps 58% in March 2026
Nigeria’s money market experienced a sharp shift in March 2026 as investors increasingly turned to government-backed securities. Treasury bills (T-bills)…
Nigeria Gas Sector Investment Hinges on Regulatory Clarity, Says NGA
The Nigerian Gas Association (NGA) has stressed that regulatory clarity, consistent policy implementation, and stronger institutional coordination are essential to…
NGX Premium Stocks Hit N54.3 Trillion Valuation as MTN, Dangote Cement and Seplat Lead Market Rally
Nigeria’s stock market is witnessing a powerful surge as the combined valuation of Premium Board stocks on the Nigerian Exchange…
Transcorp Hotels Leads NGX Rally as Market Hits Record 219,586 Points Amid Strong Banking Gains
The Nigerian equities market closed at a fresh record high on April 22, 2026, as the All-Share Index rose to…
Tinubu: CBN Clears Airline Debts to Strengthen Nigeria–UK Aviation Ties and Boost Foreign Investment
President Bola Ahmed Tinubu has said that the Central Bank of Nigeria’s (CBN) move to clear outstanding financial liabilities owed…
Nigeria Food Prices Surge Despite N7.65 Trillion Imports and Government Interventions
Food prices in Nigeria continue to climb, even as the Federal Government ramps up spending on interventions and imports. In…
CBN Treasury Bills Auction Sees N894bn Allotment as Investor Demand Surges
The Central Bank of Nigeria (CBN) has allotted a total of N894.17 billion in its Treasury Bills Primary Market Auction…
FAAC Shares N2.03 Trillion as VAT Revenue Declines Again in March
Nigeria’s Federation Account Allocation Committee (FAAC) has disbursed a total of N2.03 trillion among the federal government, state governments, and…
CBN Raises Alarm Over Cyber Hack Attempts Targeting Nigerians’ Bank Accounts
The Central Bank of Nigeria (CBN) has issued a fresh warning to Nigerians over ongoing cyber hack attempts aimed at…
FGN Bond Auction: DMO Offers N700bn Securities at N1,000 Per Unit
The Debt Management Office (DMO) has announced plans to auction N700 billion worth of Federal Government of Nigeria (FGN) bonds,…
CBN Warns Nigerians Over Rising Cybersecurity Scam Messages Impersonating Bank
The Central Bank of Nigeria (CBN) has raised an alarm over a growing wave of fraudulent messages, emails, and online…
Nigeria Tax Reform 2025: Stakeholders Address Key Challenges in New Tax System at CITN Conference
The Chartered Institute of Taxation of Nigeria (CITN) has announced that key stakeholders will converge in Abuja for its 28th…
DisCos Remit N77.99bn in Q4 2025 as Performance Drops to 91.19% – NERC Report
Nigeria’s electricity distribution companies (DisCos) remitted a total of N77.99 billion in the fourth quarter of 2025, representing 91.19% of…
Two Decades of Erha Field: How Nigeria’s Deepwater Giant Built Long-Term Value in Oil Production
Two decades after first oil flowed from the Erha Field in Offshore Nigeria’s OML 133, the project is being highlighted…