IMF Endorses CBN Recapitalisation as Nigeria’s Banking Buffers Strengthen Financial Stability
The International Monetary Fund (IMF) has backed Nigeria’s recent bank recapitalisation exercise, praising the Central Bank of Nigeria (CBN) for…
Category: Local
Nigeria’s Terms of Trade Rise Marginally by 0.01% in Q4 2025 as Exports Edge Up
Nigeria recorded a marginal improvement in its all-commodity terms of trade (ToT), which rose by 0.01 per cent in the…
Oil and Gas Stocks Surge 17.6% as Nigerian Market Adds N8.7 Trillion in Weekly Capitalisation Gain
The Nigerian equities market recorded a strong week of trading as the oil and gas sector emerged as the biggest…
FG Refutes Claims of Hidden Spending, Says World Bank Report Misinterpreted
The Federal Government has pushed back against claims suggesting there is “hidden spending” within Nigeria’s federation revenues, following interpretations of…
Naira Strengthens to N1,348 Per Dollar Amid US–Iran Tensions and FX Market Pressure
The Nigerian naira continued its steady recovery on Monday, strengthening to N1,348 per US dollar in the official market amid…
Lagos Unveils Cybersecurity Guidelines as Nigeria Loses $500 Million Annually to Cybercrime
The Lagos State Government has introduced a new set of cybersecurity guidelines aimed at strengthening digital safety across businesses, public…
CBN Says Economic Reforms Shield Nigeria From Severe Global Shock Impact
The Central Bank of Nigeria (CBN) has stated that its recent economic reforms have played a key role in shielding…
Petrol Price Drop in Nigeria Uncertain as Strait of Hormuz Crisis Deepens
Hopes for a significant petrol price drop in Nigeria have faded following renewed tensions in the Strait of Hormuz, a…
NGX Activates Rights Trading for Insurance Firms to Boost Capital Base
The Nigerian Exchange (NGX) has activated trading codes for the rights issues of Guinea Insurance Plc, Lasaco Assurance Plc, and…
NGX Weekly Report: N195bn Shares Traded as Market Capitalisation Hits N139trn
Nigeria’s stock market recorded a strong week of activity as the Nigerian Exchange Limited (NGX) announced that traders exchanged shares…
Nigeria Targets $100bn Annual Infrastructure Spend, Deepens PPP Drive to Close Funding Gap
Nigeria is ramping up efforts to address its massive infrastructure deficit by targeting about $100 billion in annual spending, as…
Nigeria Targets $2.3 Trillion Infrastructure Investment Gap with PPP Push
Nigeria is ramping up efforts to close its massive infrastructure deficit, estimated at $2.3 trillion between 2020 and 2043, according…
Nigeria Revenue Service to Launch Rev360 Platform to Transform Tax Administration
The Nigeria Revenue Service (NRS) has announced plans to launch its next-generation revenue administration platform, Rev360, in a move aimed…
CBN Mops Up N4.48 Trillion in Aggressive Liquidity Tightening to Stabilise Nigeria’s Financial System
The Central Bank of Nigeria (CBN) has stepped up its liquidity management drive, mopping up a total of N4.48 trillion…
Guinness Nigeria Returns to Profit, Declares N2 Dividend as Investors Welcome Strong Turnaround
Guinness Nigeria Plc has made a strong comeback to profitability, marking a major milestone in its recovery journey with the…
NGX Market Capitalisation Surges by N1.66tn as Bullish Momentum Drives Nigerian Stock Market Rally
The Nigerian Exchange (NGX) recorded a strong upswing in market performance as bullish sentiment continued to dominate trading activities, lifting…
Nigerian Breweries Stock Rally Hits 135% as Recovery Plan Restores Investor Confidence
Nigerian Breweries Plc says its sharp share price rally is a clear sign that investors are regaining confidence in the…
AfDB Approves $200m Loan for Nigeria Fibre Expansion Project to Boost Broadband, Jobs and Digital Economy
The African Development Bank (AfDB) Group has approved a $200 million loan to support Nigeria’s ambitious Digital Value Chain Infrastructure…
NNPCL Faces ₦210 Trillion Audit Query as Nigerian Senate Demands Full Accountability
The Nigerian Senate has intensified its oversight of the Nigerian National Petroleum Company Limited (NNPCL), demanding full accountability over an…
Oando JV Begins Gas Supply to 60MW Yenagoa Power Plant, Boosting Bayelsa Electricity Access
Oando Plc has announced that its joint venture with NNPC E&P Limited has officially begun gas delivery to a newly…
Nigeria Not Seeking IMF Loan — Wale Edun Dismisses Borrowing Speculation
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has firmly stated that the country is not…
GSE Market Cap Hits GH¢256bn as MTN Ghana Drives Trading Surge with 1.3 Million Shares
The Ghana Stock Exchange (GSE) extended its bullish run for a third straight session on Wednesday, pushing total market capitalisation…
N1.8tn Contractor Debt Payments in Nigeria: Reps Signal Imminent Release of Funds
There are strong indications that contractors owed by the Federal Government for capital projects may soon begin receiving payments, as…
2026 fiscal policy eases imports, tightens energy burden
Nigeria’s economy is entering 2026 with a mixed outlook as new fiscal policy measures ease import duties on essential goods,…
Nigeria Taxpayer Base Surges to 100 Million Amid Compliance Concerns Over Revenue Impact
Nigeria’s taxpayer register has expanded dramatically from 10 million to 100 million, marking one of the most significant shifts in…
Dangote Refinery Exports 434 Million Litres of Petrol in March as Nigeria Becomes Net Fuel Exporter
Nigeria’s oil sector recorded a major turning point in March 2026 as the Dangote Petroleum Refinery exported about 434 million…
Nigeria Power Crisis Deepens as 9,536MW Installed Capacity Remains Idle Amid Grid Failures
Nigeria’s electricity crisis has deepened after new data from the Nigerian Electricity Regulatory Commission (NERC) revealed that 9,536 megawatts of…
N210 Trillion Audit: Senate Gives NNPCL April 29 Deadline to Explain Unaccounted Funds
The Nigerian Senate has issued a firm deadline to the Nigerian National Petroleum Company Limited (NNPCL), ordering its management to…
SEC Sets N7.5bn Minimum Capital for Free Trade Zone Listings in Nigeria’s Capital Market
The Securities and Exchange Commission (SEC) has proposed a new minimum paid-up share capital of N7.5 billion for Free Trade…
Rising Oil Prices: FG Rules Out Fuel Subsidy Return Despite Inflation Pressure
The Federal Government has firmly ruled out any return of petrol subsidy in Nigeria, even as global oil prices continue…