CBN Cuts Treasury Bill Rates as Investors Flood Market with N2.7 Trillion Subscriptions
The Central Bank of Nigeria (CBN) reduced stop rates on longer-dated Treasury bills at its 25 March auction, even as…
Category: Local
Nigeria’s Capital Market Key to Closing $100 Billion Infrastructure Gap, Says SEC
Nigeria is actively repositioning its capital market as a central driver for economic growth and infrastructure development, targeting a staggering…
Nigerian Stock Market Hits Historic High as All-Share Index Crosses 200,000 Points
The Nigerian stock market reached an unprecedented milestone on Wednesday as the All-Share Index (ASI) surged past the 200,000-point mark,…
NCC to Block Fraudulent Mobile Numbers Nationwide to Boost Digital Security
The Nigerian Communications Commission (NCC) has unveiled plans to block mobile numbers linked to fraudulent activities across the country, aiming…
Dangote Refinery Cuts Petrol Price to N1,200 Amid Global Oil Market Volatility
Dangote Petroleum Refinery has announced a significant reduction in its ex-gantry petrol price, bringing it down to N1,200 per litre,…
MTN Nigeria Leads Market Trades as All-Share Index Holds N128.9 Trillion
The Nigerian stock market saw modest gains on Thursday, March 26, 2026, as the All-Share Index edged up by 32…
32 Nigerian Banks Achieve Recapitalisation Target Ahead of Deadline, Boosting Economic Growth
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that 32 banks have successfully met the…
Naira Strengthens Across FX Markets as CBN Remittance Rule Boosts Liquidity
The naira on Thursday strengthened across Nigeria’s foreign exchange (FX) markets, reaching a five-month high, as liquidity improved following a…
Nigeria Fast-Tracks Idle Oil Wells as NUPRC Approves PEL No. 5 for SeaSeis Partnership
Nigeria is fast-tracking efforts to boost its oil production as crude prices hover near $100 a barrel. The Nigerian Upstream…
Nigerian Banks Raise N4.61 Trillion in Capital, N1.2 Trillion from Foreign Investors
Nigerian banks have successfully raised N4.61 trillion in fresh capital as part of the ongoing banking sector recapitalisation programme, with…
Nigeria’s Banking System Liquidity Holds Above ₦8 Trillion Despite ₦2.36 Trillion CBN OMO Mop-Up
Nigeria’s banking system liquidity held steady above ₦8 trillion despite a ₦2.36 trillion Open Market Operations (OMO) mop-up by the…
CBN Governor Cardoso Urges Stronger Cross-Border Cooperation Among African Regulators
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has called for deeper collaboration among African financial…
$6B Funding Gap Threatens Nigeria’s Oil Output Surge and Crude Supply to Dangote Refinery
Nigeria’s ambition to rapidly increase oil production could be hampered by a staggering $6 billion capital shortfall, industry experts have…
CBN Approves 100% Forex Repatriation for Oil Companies in Major Market Reform
The Central Bank of Nigeria (CBN) has approved the full repatriation of foreign exchange earnings for International Oil Companies (IOCs),…
Dangote Refinery Receives Only 5 Crude Cargos Monthly Amid Crude-for-Naira Shortfall
The Chief Executive Officer of the Dangote Refinery, David Bird, has raised alarms over a significant shortfall in crude oil…
Domestic Investors Drive 78% Surge in NGX Turnover to N1.5 Trillion
The Nigerian Exchange Limited (NGX) witnessed a remarkable surge in market activity in February 2026, with total turnover jumping by…
SEC Partners with National Orientation Agency to Fight Ponzi Schemes in Nigeria
The Securities and Exchange Commission (SEC) has signed a memorandum of understanding (MoU) with the National Orientation Agency (NOA) to…
NGX Market Dips to N128.98tn as Banking Stocks Fuel Investor Caution
The Nigerian equities market reversed its recent gains on Wednesday, as sustained profit-taking in major banking stocks dragged the benchmark…
Top Nigerian Stock Picks This Week: UBA, NPF Microfinance Bank, Lafarge Lead the Market
Nigerian stocks posted a 1.4% gain this week despite shorter trading sessions due to the Eid-el-Fitr public holidays on Thursday…
Emerging AI Jobs in Nigeria Open Doors for Young Professionals
As artificial intelligence (AI) transforms industries worldwide, Nigeria is quietly stepping into the global AI economy through the rise of…
Middle East Crisis Pushes Brent Oil Above $100: Nigerians Face Rising Fuel Costs
The ongoing crisis in the Middle East continues to push global energy prices higher, with Brent crude oil surging past…
Nigeria $2 Billion Fibre Project Gets $6.1 Million Boost for Experts to Expand Broadband Access
The federal government of Nigeria is fast-tracking a $2 billion nationwide fibre-optic expansion, earmarking $6.1 million for consultancy services to…
New Tax Law Raises Bar for Professionals, Redefines Tax Practice in Nigeria
The enactment of Nigeria’s new tax reform laws has significantly raised the importance of certified tax professionals in the country’s…
Rebuilding Nigeria’s Commodities and Futures Exchange: Key to Economic Diversification
Nigeria’s ambition to diversify its economy beyond oil has placed agriculture, solid minerals, and manufacturing at the center of policy…
Nigerian Equities Surge N1.086 Trillion as Banking and Large-Cap Stocks Drive Market Rally
The Nigerian equities market recorded a significant boost on Tuesday, advancing by N1.086 trillion as renewed investor interest in select…
FG and NGX Champion Women’s Participation in Nigeria’s Capital Market
The federal government and the Nigerian Exchange Group (NGX) are intensifying efforts to boost women’s participation in Nigeria’s capital market,…
Africa Must Strengthen Industrial Cybersecurity Amid Rising Digital Threats
As Africa’s industrial market grows, cybersecurity experts are urging companies to upgrade their digital defenses. The continent’s cybersecurity market, valued…
Cardoso Calls for African Financial Regulators to Unite Against Rising Cross-Border Risks
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called on African financial regulators to strengthen collaboration…
Nigeria Needs $100bn Investment to Achieve Reliable Electricity, Says FG
Nigeria requires more than $100 billion in investments across its power sector to ensure a reliable, round-the-clock electricity supply, the…
NNPC to Increase Oil Production by 100,000 BPD Amid Global Energy Pressures
Nigeria’s state oil company, the Nigerian National Petroleum Company Limited (NNPC), is set to increase its oil output by approximately…