NGX Group Q1 2026 Profit Surges 140% to N5.98bn on Strong Trading Activity
The Nigerian Exchange Group Plc delivered an impressive financial performance in the first quarter of 2026, posting a pre-tax profit…
Category: Local
Seplat Energy Q1 Profit Jumps to N52.5bn as Company Declares Dollar Dividend
Seplat Energy Plc has kicked off 2026 on a strong note, reporting a post-tax profit of N52.5 billion for the…
NNPC Completes OB3 River Niger Crossing, Unlocks 2bcf/d Gas Capacity
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the successful completion of the River Niger crossing on the…
MTN Nigeria Profit Surges to N355.5bn as Data and Fintech Revenue Drive Strong Q1 Growth
MTN Nigeria Communications Plc has reported a strong start to 2026, more than doubling its profit after tax to N355.5…
Naira Ends Losing Streak as FX Liquidity Improves, Trades at N1,379/$ Amid Narrowing Market Gap
The Nigerian naira staged a mild recovery in the official foreign exchange market on Wednesday, breaking a week-long run of…
Dangote Cement Posts N421.1bn Q1 Profit as Revenue Crosses N1.19 Trillion
Dangote Cement Plc has started 2026 on a strong note, reporting a profit before tax of N421.1 billion in the…
Naira Strengthens Slightly Against Dollar as FX Turnover Surges in Nigerian Foreign Exchange Market
The Nigerian naira recorded a modest gain against the US dollar on Wednesday, supported by a notable rise in foreign…
NGX crosses N150 trillion market cap as equities surge N5.55 trillion in single-day rally
The Nigerian equities market delivered a historic performance on Wednesday as the Nigerian Exchange Group (NGX) crossed the N150 trillion…
NGX Targets Deeper Market Growth as Shareholders Approve N2 Dividend, Bonus Shares
The Nigerian Exchange Limited (NGX) has reaffirmed its ambition to drive deeper capital market growth, strengthen transparency, and attract long-term…
Petrol Nears N1,400/Litre as Dangote Raises Price Amid Global Oil Shock and Middle East Crisis
Petrol prices are edging dangerously close to N1,400 per litre across Nigeria as global oil market tensions push costs higher…
Telecom operators push for new policy as NNBP 2020-2025 fails expectations
Four months after the expiration of Nigeria’s National Broadband Plan (NNBP) 2020–2025, telecom operators are calling for a fresh and…
Nigeria PMI Falls to 49.4, Signals First Economic Contraction in 16 Months
Nigeria’s economic momentum took a hit in April 2026 as the Purchasing Managers’ Index (PMI) slipped to 49.4, signaling a…
Nigerian Stock Market Surges by N3.2trn as Investors Return, Market Cap Hits N147trn
The Nigerian stock market recorded a strong recovery on Wednesday, gaining N3.204 trillion in market capitalisation as renewed investor confidence…
Cooking Gas Prices in Nigeria Rise as 5kg Hits N7,655 Amid March 2026 Inflation Pressure
Cooking gas prices in Nigeria recorded another sharp increase in March 2026, placing additional pressure on households already struggling with…
AI Reduces Nigeria Media Traffic by 26% as News Consumption Shifts – Report Reveals
Nigeria’s digital media industry has recorded a significant shift, with audience traffic falling sharply by 26.2% in 2025. This development…
Why Mobile Internet Alone Can’t Power Nigeria’s Digital Future – NCC, Experts Warn
Nigeria’s telecom space is increasingly shifting from familiar consumer frustrations over airtime disputes and service complaints to a deeper structural…
Nigeria records surge in foreign currency tax receipts to N6.33 trillion
Nigeria recorded a significant rise in foreign currency-denominated tax collections in 2025, as total receipts climbed to N6.33 trillion. According…
NUPRC Board Resumes Duties, Pledges Oil Sector Reforms Amid Global Energy Uncertainty
The newly inaugurated board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially resumed duties, pledging to drive key…
NNPC Hikes Oil Prices Amid US-Iran War as Global Crude Surges
Nigeria’s oil sector has seen a sharp shift as the Nigerian National Petroleum Company Limited (NNPC) increased the official selling…
NGX Sees 107.7% Surge in Foreign Investment to N288.82bn as Investor Confidence Strengthens in March 2026
Foreign investor participation on the Nigerian Exchange Limited (NGX) recorded a significant rebound in March 2026, jumping by 107.74% month-on-month…
VFD Group Reports N5.1 Billion Q1 2026 Profit as Investment Income and Other Gains Surge
VFD Group Plc has kicked off 2026 on a strong note, reporting a pretax profit of N5.1 billion for the…
Naira Weakens to N1,383/$ as External Reserves Drop Deepens FX Pressure
The Nigerian naira continued its downward slide on Tuesday, closing at N1,383 against the US dollar, as pressure intensified in…
CBN Restricts BDC Access to Forex Market Over Compliance Risks
Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has continued to limit the access of Bureau De Change (BDC)…
Reps ask NCC to extend SIM reallocation period over fraud, identity theft concerns
Nigeria’s House of Representatives has called on the Nigerian Communications Commission (NCC) to extend the SIM reallocation period from 180…
CSCS Declares N1.78 Dividend as Profit Climbs on Strong Market Activity
Shareholders of the Central Securities Clearing System Plc (CSCS) have approved a total dividend payout of N8.9 billion, translating to…
Naira Weakens to N1,369 per Dollar as External Reserves Drop $731 Million Amid FX Pressures
The Nigerian Naira weakened further on Monday, slipping to N1,369 per US dollar, down from N1,361.5/$ recorded at the end…
CBN Pushes for Single-Digit Inflation Target Amid Global Shocks as Nigeria Defends Economic Reforms
Nigeria’s economic managers are standing firm on their long-term goal of achieving single-digit inflation, even as global instability and fresh…
Shell Invests $16.4 Billion in ARC Resources Deal to Boost Canadian Gas and LNG Expansion
Shell is making a massive long-term bet on natural gas with a $16.4 billion agreement to acquire Canada’s ARC Resources,…
AI Reduces Nigeria Media Traffic by 26% as Digital News Consumption Shifts
Nigeria’s digital media landscape has experienced a major shake-up, with audience traffic dropping by 26.2% in 2025. According to the…
Nigerian Stock Market Drops N1.36tn as Banking Stocks Trigger Heavy Sell-Off
The Nigerian stock market opened the week on a bearish note as investors lost about N1.365 trillion in market value…