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…
Category: Local
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…
Naira strengthens to N1,341.99/$, hits two-month high amid improved market sentiment
The naira continued its upward movement on Wednesday, closing at N1,341.99/$ at the official foreign exchange market—its strongest level since…
Nigeria Inflation Rises to 15.38% in March 2026 as Monthly Price Pressures Surge
Nigeria’s inflation rate climbed to 15.38% in March 2026, signaling a fresh wave of price pressures across the economy despite…
Nigeria Inflation Set to Rise as Iran War Drives Fuel and Food Costs Higher
Nigeria’s inflation rate is projected to rise in March 2026, signaling an end to nearly a year of easing price…
Petrol Consumption Drops to 47.3 Million Litres Daily in March 2026, Says NMDPRA
Petrol consumption in Nigeria fell significantly in March 2026, dropping to an average of 47.3 million litres per day from…
Seplat Energy Share Price Crosses N10,000 on NGX, Becomes First Nigerian Stock to Hit Milestone
Seplat Energy Plc has made history on the Nigerian Exchange (NGX), becoming the first listed company to surpass the N10,000…
FAAC Deductions Consume 41% of N84tn Revenue in Three Years, Shrinking Nigeria’s Shared Income
Nigeria’s rising federation revenue has come with a hidden cost. Although total earnings hit about N84tn over the past three…
Nigeria’s silent currency redenomination
Nigeria is undergoing what economists describe as a “silent currency redenomination,” not through official policy, but through inflation and changing…
CBN Proposes Mandatory Mediation Panel for Loan Disputes Before Court Action in Nigeria
The Central Bank of Nigeria (CBN) has introduced a new proposal that could significantly change how lending disputes are handled…