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Petrol Imports Surge 59.5% in May as Nigeria Balances Local Refining Growth and…
Nigeria’s petrol imports recorded a surprising rebound in May 2026, climbing by 59.5% compared to April despite…
Nigeria Secures $3bn Solid Minerals Investment Inflow as Mining Reforms Boost…
Nigeria’s solid minerals sector has recorded a major boost, attracting about $3bn in investment inflows within the…
Nigeria’s Foreign Reserves Surge Past $50bn, Add $1.01bn in Two Weeks Amid FX…
Nigeria’s foreign exchange reserves have crossed a major psychological milestone, rising above $50 billion after…
Nigeria’s Oil Boom Pushes Current Account Surplus to $4.98bn in Q1 2026
In a major boost to Nigeria’s external position, the country recorded a current account surplus of $4.98bn in the…
Oil Prices Crash by Over $7 Per Barrel as Brent Drops Below $80 Amid Global Easing…
Global oil markets experienced a sharp downturn this week as crude prices fell by more than $7 per barrel, marking…
Nigerian Stocks Pull Back After 55% Rally as NGX Enters Healthy Consolidation…
After a powerful run that saw Nigerian equities surge more than 55% in just six months, the market has…
DMO Raises N1.49 Trillion in Treasury Bills Auction as Investors Flood Market Amid…
Nigeria’s financial market recorded a major boost as the Debt Management Office (DMO) successfully raised N1.49…
33% Interest Rate Crisis Threatens Nigeria’s $1tr Economy Ambition, Telcos Warn
Nigeria’s telecommunications industry is under severe financial pressure as operators warn that Nigeria’s 33 per…
Agro-Allied Stocks Deliver 1,656% Rally as Presco, Okomu, FTN Cocoa Drive NGX…
Three agro-processing stocks listed on the Nigerian Exchange (NGX) have turned into some of the market’s biggest…
Nigeria Rules Out New Taxes on Fuel and Telecom Services Amid IMF Report Backlash
The Federal Government has firmly dismissed reports suggesting that new taxes could soon be introduced on…
Dangote Refinery Slashes Diesel and Jet Fuel Prices as Falling Crude Oil Costs…
The Dangote Petroleum Refinery has announced another round of fuel price reductions, cutting the gantry prices of…
Naira Falls to N1,361.5/$ as FX Market Turnover Plunges 57% Despite Rising…
The Nigerian naira weakened slightly against the US dollar on Wednesday, closing at N1,361.5/$ in the Nigerian…
CBN HoldCo Rules: How a Chapel Hill White Paper May Have Inspired Nigeria’s…
The Central Bank of Nigeria’s proposed Financial Holding Company (HoldCo) regulations have triggered intense debate…
FG Rules Out New Fuel and Telecom Taxes Amid IMF Recommendations Debate
The Federal Government has moved to calm public concerns by ruling out any immediate plans to introduce new taxes…
FG Unveils Ward-Based Growth Strategy to Strengthen Economy Under Renewed Hope…
The Federal Government has unveiled a fresh development blueprint aimed at strengthening Nigeria’s economy through…
Banking Stocks Drag NGX Lower as GTCO, Zenith, UBA Trigger ₦782bn Market Loss
The Nigerian equities market closed in the red on Tuesday, June 16, 2026, as heavy selloffs in major banking stocks…
FG Releases Just 4.9% of N54.93tn Road Budget as Funding Gaps Threaten Key Highway…
Despite allocating a massive N54.93 trillion for road construction, rehabilitation and maintenance projects between…
Petrol Price May Fall to N1,200 as Dangote Refinery Slashes Rates Amid Global Oil…
Nigeria may soon witness a fresh reduction in petrol prices, with marketers projecting that pump prices could fall…
Tariff Hike Drives N4 Trillion Telecom Investment Inflow in Nigeria as NCC Reviews…
Nigeria’s telecommunications sector is witnessing a massive investment surge, with operators revealing that the 50…
CBN offers N450 billion Treasury Bills for auction on Wednesday, June 17
The Central Bank of Nigeria (Central Bank of Nigeria) is set to conduct a N450 billion Treasury Bills auction on…
Nigeria External Reserves Rise by $1.01bn in Two Weeks, Cross $50bn as Investor…
Nigeria’s external reserves have continued their upward momentum, rising by more than $1.01 billion in just two…
Foreign Investors Pour $3.3bn Into Nigerian Bonds as High Yields Drive Confidence…
Foreign investors have significantly increased their exposure to Nigeria’s debt market, injecting about $3.23bn…
CBN Liquidity Tightening – N3.83 Trillion Withdrawn Shakes Nigeria’s Financial…
Nigeria’s financial system came under pressure last week as the Central Bank of Nigeria intensified its liquidity…
Inflation Climbs Toward 16% as Geopolitical Tensions and Rising Costs Pressure…
Nigeria’s inflationary pressure continued its steady climb in May 2026, with the headline inflation rate rising to…
NGX Suffers Sharp Selloff as Market Capitalization Drops by N984bn on Heavy…
The Nigerian equities market opened the week on a bearish note as sustained profit-taking and widespread selloffs…
NGX Market Slumps as Oil Stocks, First HoldCo Trigger N945bn Loss in One-Day…
Nigeria’s equities market slipped back into the red on Monday, June 15, 2026, as heavy selling pressure hit major…
Naira strengthens to N1,356/$ amid rising reserves — strongest level since April…
The Nigerian naira recorded a fresh gain on Monday, strengthening to N1,356 per US dollar at the official foreign…
Nigeria’s Non-Oil Export Drive Gains Momentum Amid Push for Long-Term Economic…
Nigeria recorded a strong external trade performance in the first quarter of 2026, posting a trade surplus of ₦7.55…
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…
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…