BREAKING: NAICOM rolls out Mandatory Policyholders’ Protection Fund, tightens insurance compliance
The National Insurance Commission (NAICOM) has issued sweeping new guidelines mandating all insurers and reinsurers to contribute to the Insurance…
Category: Local
Nigeria’s Tax Overhaul Tightens Profit Rules for Insurers, Reshapes Industry Landscape
Nigeria’s insurance industry is entering a new phase of stricter regulation as recent tax reforms redefine how companies calculate profits,…
Nigeria Oil Output Hits 1.84mbpd as Lawmakers Back Pipeline Surveillance Contracts
Nigeria’s crude oil production has climbed sharply to 1.84 million barrels per day (bpd) in 2025, marking a significant recovery…
NNPC Pushes AI Adoption to Boost Nigeria’s Oil Output to 3mbpd
The Nigerian National Petroleum Company Limited (NNPC) is accelerating the adoption of artificial intelligence (AI) in its upstream operations as…
Intra-African Trade Set to Hit $230bn by 2026 as AfCFTA Drives Growth
Intra-African trade is projected to reach $230 billion by 2026, driven largely by the accelerated implementation of the African Continental…
Top 10 Equity Mutual Funds in Nigeria by YTD Returns (March 2026) – ARM Fund Leads with 108% Growth
Nigeria’s equity mutual funds are gaining renewed attention as investors increasingly look beyond low-risk instruments in search of higher returns.…
Nigeria’s Crude Oil Output Hits 1.84 Million BPD as Pipeline Security Improves
Nigeria’s crude oil production has surged from a historic low of 960,000 barrels per day (bpd) in 2022 to an…
Nigeria Reclaims Frontier Market Status as NGX Surges
Nigeria has officially regained its Frontier Market status from global index provider FTSE Russell, reflecting significant improvements in the Nigerian…
World Bank Downgrades Nigeria’s 2026 Economic Growth to 4.1% Amid Global Uncertainty
The World Bank has revised Nigeria’s economic growth forecast for 2026 downward to 4.1 percent, reflecting persistent global uncertainties and…
Strategic Partnerships Urged Between Host Communities and Oil Companies to Boost PIA Implementation
Stakeholders in Nigeria’s oil sector are advocating for stronger strategic partnerships between host communities, oil and gas companies, regulators, and…
Treasury Bills Boost Interest Income for Nigerian Banks by 43% in 2025
Zenith Bank, GTCO, and FirstHoldCo collectively earned N2.85 trillion from Treasury bills in 2025, reflecting a sharp 43.03% increase from…
African Development Bank Launches $20 Million Green Hydrogen Funding to Boost Africa’s Clean Energy
The African Development Bank (AfDB) has announced a $20 million funding initiative aimed at accelerating green hydrogen projects across Africa.…
Dangote Cuts Petrol Prices to N1,200 After Global Crude Oil Drop
In a surprising reversal, the Dangote Petroleum Refinery & Petrochemicals has cut the ex-gantry price of Premium Motor Spirit (petrol)…
World Bank Flags Fiscal Risks in Nigeria’s N4tn Power Sector Bond
The World Bank has raised concerns over Nigeria’s N4tn bond programme designed to settle long-standing debts owed to power-generating companies.…
ADB Posts GH¢367 Million Profit After Tax as Capital Adequacy Ratio Soars to 27.17%-Ghana
Agricultural Development Bank (ADB) PLC has delivered a remarkable financial turnaround, posting a profit after tax of GH¢367.2 million for…
Nigeria’s Power Sector Contributes N62.12 Billion in Company Income Tax in 2025 Amid Declining Performance
Nigeria’s power sector contributed N62.12 billion in Company Income Tax in 2025, according to the National Bureau of Statistics (NBS).…
Kenya Central Bank Holds Interest Rate at 8.75% Amid Iran Conflict Uncertainty
Kenya’s Central Bank has decided to maintain its benchmark interest rate at 8.75%, pausing nearly two years of gradual cuts.…
Telecom Infrastructure Theft in Nigeria Surges as 656 Generators, Batteries Stolen in 2025
Telecom infrastructure theft in Nigeria is rapidly escalating, creating serious concerns for network reliability and millions of mobile users. Fresh…
Petrol Price Drop Expected in Nigeria as Global Oil Prices Crash 15%
Nigerian motorists may finally get some relief at the pumps as global crude oil prices recorded a sharp decline, raising…
FTSE Frontier Market Upgrade Sparks Rally in Seplat, GTCO, Zenith on NGX
Nigeria’s stock market is experiencing a strong resurgence as renewed global investor confidence drives a rally in major equities, including…
Africa Prudential Revenue Surges 38% to N7.19bn Amid Digital Transformation Drive
Africa Prudential Plc has posted a remarkable 38.35% growth in revenue for the financial year ending December 31, 2025, reaching…
April 2026 FGN Savings Bonds Announced with Interest Rates up to 14.08% for Retail Investors
The Debt Management Office (DMO), acting on behalf of the Federal Government of Nigeria, has announced the April 2026 issuance…
Nigerian Stock Market Gains N209bn as Trading Week Kicks Off
The Nigerian equities market started the new trading week on a strong note, recording a gain of N209 billion in…
FG Raises N3.53 Trillion From Bond Auctions in Q1 2026 Amid Strong Investor Demand
The Federal Government of Nigeria (FGN) successfully raised approximately N3.53 trillion from domestic bond auctions in the first quarter of…
Oil Shock to Drive Nigeria Inflation Up by 3.1 Points, Warns World Bank
Nigeria faces a rising inflation threat as global oil prices surge, the World Bank has warned. In its latest Nigeria…
Nigeria Reduces Oil Dependence as Tax Revenue Soars to 87% of Federation Earnings
Nigeria is undergoing a major fiscal transformation as tax revenues now account for an unprecedented 87% of total federation earnings,…
Naira Drops to N1,389/$ as Nigeria’s External Reserves Fall by $850 Million
Nigeria’s Naira weakened to N1,389 per dollar, reflecting growing pressure on the local currency as the country’s external reserves fell…
Dangote Refinery Hikes Petrol to N1,275, Diesel Hits N1,950 Amid Global Oil Volatility
Nigeria’s Dangote Petroleum Refinery has raised the gantry price of petrol and diesel, with petrol now costing N1,275 per litre…
NNPC Launches Cawthorne Crude Exports with 950,000-Barrel Maiden Shipment
The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially begun exporting its latest crude grade, Cawthorne, with an initial…
Nigeria Revenue Deductions Swallow 39% of 2025 Inflows, World Bank Warns
Nigeria’s revenue growth in 2025 is impressive on paper, but the World Bank has highlighted a growing fiscal leak that…