Naira Weakens to N1,383.5/$ as External Reserves Fall to $49.6 Billion
The Nigerian naira recorded a slight depreciation on Tuesday, settling at N1,383.5 per dollar, compared to N1,383/$ on Monday, as…
Category: Local
CBN Orders IMTOs to Open Naira Settlement Accounts to Boost FX Transparency
The Central Bank of Nigeria (CBN) has directed all International Money Transfer Operators (IMTOs) to open and maintain naira settlement…
Low-Priced Tech Stocks Drive NGX Gains in 2026 Amid Investor Shift
Smaller, low-priced technology stocks are emerging as standout performers on the Nigerian Exchange (NGX) in 2026, signaling a shift in…
Federal Government Inaugurates New PenCom Board to Safeguard N28 Trillion Pension Assets
The federal government has officially inaugurated the new governing board of the National Pension Commission (PenCom), charging its members with…
CBN Targets 6–9% Inflation Amid Global Risks: Strengthens Monetary Policy Framework
The Central Bank of Nigeria (CBN) has announced a medium-term inflation target of 6–9 per cent as part of its…
Tinubu, Barbadian PM to Lead Inaugural Niger Delta Economic and Investment Summit
President Bola Tinubu and the Prime Minister of Barbados, Hon. Mia Amor Mottley, are set to attend the inaugural Niger…
Petrol Hits N1,400/Litre: NLC, OPS Demand Urgent Government Action Amid Fuel Crisis
The Organised Private Sector (OPS) and the Nigeria Labour Congress (NLC) have urged the Federal Government to act immediately as…
Nigeria Tops Africa’s $2.1 Billion AI Surveillance Spending with $470 Million Investment
Nigeria has emerged as Africa’s largest investor in artificial intelligence (AI)-powered surveillance, committing over $470 million to smart city technologies.…
Top 5 NGX Industrial Goods Companies with Assets Above N20 Billion in FY2025
The Nigerian Exchange (NGX) industrial goods sector continues to show strong growth, with five leading companies reporting combined total assets…
Nigeria’s Eurobonds Rebound as Yields Ease to 7.18% Amid Global Market Tensions
Nigeria’s Eurobond market ended last week on a positive note, reversing three weeks of decline as average yields across maturities…
Nigerian Stocks Pull Back Amid Profit-Taking After Strong Rally
The Nigerian stock market is experiencing a “consolidation phase” following a historic rally that pushed the NGX All-Share Index (ASI)…
NNPC Eyes 100,000 bpd Boost in Nigeria’s Crude Oil Production Amid Global Supply Tensions
Nigeria could soon see a significant boost in crude oil production, with the Nigerian National Petroleum Company Limited (NNPC Ltd)…
Dangote Refinery Expands Africa Fuel Supply Amid Global Shortages
The Dangote Petroleum Refinery has made a major move to support Africa’s energy needs, exporting 12 cargoes of refined petroleum…
CBN Sets Sights on Single-Digit Inflation with New Monetary Policy Framework
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to bringing inflation down to single-digit levels as it transitions…
Dangote LPG Price Hike Pushes Cooking Gas to N1,000/kg in Nigeria
The cost of cooking gas in Nigeria is climbing again, raising fresh concerns for households already dealing with rising living…
Nigeria Seeks Investment to Drive Climate-Smart Agriculture Growth
The Federal Government has intensified its push for climate-smart agriculture by calling on local and international investors to partner with…
Dangote Refinery Threatens Fuel Export Amid Fresh Petrol Import Licences
Nigeria’s energy landscape faces a potential shake-up as the Dangote Petroleum Refinery considers exporting all its petrol, diesel, and jet…
FX Trades Push FMDQ Turnover to N60.77tn in January 2026
FMDQ Group kicked off 2026 with a record-breaking turnover of N60.77 trillion in January, reflecting heightened liquidity and strong institutional…
Nigeria’s Inflation Relief at Risk as Global Energy Shocks Threaten Prices
Nigeria’s headline inflation dipped slightly to 15.06% year-on-year in February 2026, down from 15.10% in January, offering a glimmer of…
Seplat Energy and Nestle Lead Nigerian Stock Market as Highest Priced Shares on NGX
Seplat Energy Plc and Nestle Nigeria Plc have emerged as the highest priced stocks on the Nigerian Exchange Limited (NGX),…
Middle East Crisis Could Push Nigeria’s Inflation to 16% – Afrinvest Analysts
Analysts at Afrinvest West Africa have cautioned that Nigeria’s recent progress in taming inflation could be undone, projecting that headline…
Nigeria’s Petrol Import Bill Falls to $10 Billion as Domestic Refining Boosts Energy Self-Sufficiency
Nigeria’s petrol import bill declined sharply to $10 billion in 2025, down from $14.06 billion in 2024, signaling a major…
N3.4 Trillion Agric Credit Scheme Boosts Nigerian Farmers in 2025
In 2025, Nigerian farmers tapped into agricultural credit schemes totaling N3.4 trillion, the federal government has revealed, as part of…
NGX Launches NGX30U6 and NGXPENSIONU6 Futures to Boost Investor Tools
The Nigerian Exchange Group (NGX) has unveiled two new index futures contracts, NGX30U6 and NGXPENSIONU6, providing investors with sophisticated tools…
Nigerian Stock Market Poised for Gains as Earnings Releases Drive Investor Confidence
The Nigerian equities market is set for a strong week as investors show renewed confidence ahead of key earnings releases…
Nigerian DisCos Record N2.4 Trillion Loss Amid Worsening Electricity Blackouts
Nigeria’s electricity distribution companies (DisCos) have reported combined losses of N2.349 trillion over the past two years, worsening the nation’s…
SEC Nigeria Sets Six-Week Deadline for Capital Market Operators to Submit Recapitalization Plans
Nigeria’s Securities and Exchange Commission (SEC) has set a strict six-week deadline for all capital market operators (CMOs) to submit…
Nigeria Earns $31.54 Billion from Crude Oil Exports in 2025 Amid Shifting Energy Landscape
Nigeria earned $31.54 billion from crude oil exports in 2025, marking a 14.41% decline from $36.85 billion in 2024, according…
Fuel Price Surge in Nigeria Strains Households and Businesses Amid Middle East Tensions
Commuters and business owners in Nigeria were left shocked this weekend as petrol prices surged unexpectedly, with Lagos stations selling…
CBN Recapitalisation Deadline: Nigerian Banks Race to Meet March 31 Capital Target
With just days left before the March 31 deadline, Nigerian banks are making a final push to comply with the…