Dangote Refinery Helpful, Importation Still Necessary –PETROAN
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has described the Dangote Refinery as a major positive development…
Category: Local
Nigeria Internet Exchange Point Expands with New Lagos PoP at Digital Realty Lekki Data Centre
Nigeria’s digital infrastructure received a major boost as Digital Realty has activated a new Internet Exchange Point (IXPN) presence at…
NNPC Records N15.4 Trillion Revenue Growth in 2025 as Profit Hits N5.76 Trillion Under Ojulari Leadership
The Nigerian National Petroleum Company Limited (NNPC Ltd) has recorded a major financial breakthrough in 2025, posting a year-on-year revenue…
Inflation Risks, Liquidity Spur Mixed Signals in Fixed Income Market
In Nigeria, the fixed income market delivered a mixed performance in March 2026, as investors weighed easing liquidity conditions and…
CSCS Unveils Joint Account Feature to Boost Collaborative Investing in Nigeria
The Central Securities Clearing System has introduced a new set of investor-focused services, headlined by a Joint Account feature aimed…
FG Moves to Strengthen Nigeria’s Cyber Defences with New National Cybersecurity Council
The Federal Government has announced fresh plans to strengthen Nigeria’s cyber defences through the creation of a National Cybersecurity Coordination…
Seplat, Stanbic, Lafarge Drive N883bn Nigerian Stock Market Rally as NGX Hits New High
The Nigerian Exchange (NGX) extended its bullish momentum on Tuesday as investor confidence pushed the market to a fresh milestone.…
Fuel Subsidy Would Have Cost Nigeria N52 Trillion in 2026 – Zacch Adedeji
The Executive Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, has revealed that Nigeria would have spent as much…
Naira Strengthens to N1,348/$ as U.S. Dollar Slips to Six-Week Low Amid Global Market Shift
The naira appreciated to N1,348 per dollar on Tuesday in the official foreign exchange market, marking a mild but notable…
Nigeria Public Debt Rises to N159.28 Trillion in 2025 as Domestic Borrowing Drives Growth – DMO Report
Nigeria’s total public debt climbed to N159.28 trillion as of December 31, 2025, according to fresh data released by the…
Nigeria Civil Service AI Reform to Cut Delays, Boost Investor Confidence
Nigeria is fast-tracking a major transformation of its public sector, rolling out artificial intelligence and expanding paperless operations across the…
Nigeria Revenue Service Urged to Leverage Technology for Sustained Revenue Growth and Better Service Delivery
The Nigeria Revenue Service (NRS) has been urged to embrace technology and strengthen institutional efficiency to sustain its recent revenue…
Nigeria Urged to Maximise $11.3m AfDB Renewable Energy Fund Through Mini-Grids and Solar Expansion
Nigeria has been advised to take full advantage of the $11.3 million African Development Bank (AfDB) renewable energy financing by…
Nigeria Crude Oil Production Hits 1.84 Million Barrels Per Day as Output Recovery Strengthens
Nigeria’s crude oil production has recorded a significant rebound, reaching a peak of 1.84 million barrels per day (mbpd), according…
Power Subsidy Hits N418.79bn as Nigeria’s Electricity Sector Records Over N300bn in Losses – NERC
Nigeria’s electricity sector faced mounting financial pressure in the fourth quarter of 2025, as the Federal Government’s power subsidy rose…
Tinubu 2026 Budget Signing: President Set to Approve ₦68.323 Trillion Nigeria Budget Any Moment
President Bola Tinubu is expected to sign the ₦68.323 trillion 2026 national budget at any moment after it was officially…
FG Moves for Cheaper Funding as Global Tensions Push Inflation, Oil Prices Higher
The Federal Government has announced plans to pursue cheaper funding and stronger international financial support as escalating global tensions continue…
NGX Market Capitalisation Hits N131.6tn as 31 Stocks Drive Gains in Bullish Trading Session
The Nigerian equities market opened the week on a positive note as renewed buying interest in medium and large-cap stocks…
NGX Market Capitalisation Rises by N443 Billion as 31 Stocks Drive Broad Market Gains
The Nigerian stock market opened the week on a positive note as the Nigerian Exchange Limited (NGX) recorded a strong…
Edun Pushes for Lower Borrowing Costs at IMF and World Bank Meetings Amid Rising Global Pressures
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, is heading into the 2026 Spring Meetings of…
NGX All-Share Index Crosses 204,000 as Nigerian Stock Market Hits Record High Despite Lower Trading Volume
The Nigerian stock market opened the week on a positive note as the NGX All-Share Index rose to 204,458.9 points…
Nigeria Crude Oil Production Rises to 1.38mbpd in March 2026 as OPEC Reports Modest Recovery
Nigeria’s crude oil production recorded a slight improvement in March 2026, rising to 1.38 million barrels per day (bpd), according…
UAE and India Lead Ghana Exports in 2025 as Trade Concentration Deepens
Ghana’s export earnings in 2025 were heavily dominated by a small group of international partners, with the United Arab Emirates…
Dangote Refinery Becomes Net Exporter as Nigeria Boosts Oil Exports in March
In a historic shift for Nigeria’s energy sector, the Dangote Petroleum Refinery & Petrochemicals recorded a major milestone in March…
Nigeria Targets Wealthy Lifestyle Spending to Boost Tax Revenue
Nigeria is stepping up efforts to boost public revenue by targeting wealthy individuals through a data-driven tax monitoring system that…
Dangote Refinery IPO Set to Raise $5bn in Historic African Listing
Nigeria is on the brink of a landmark financial moment as Aliko Dangote moves forward with plans to list the…
Insurance Recapitalisation: Nigeria’s Insurance Sector Undergoes Major Shake-Up Ahead of 2026 Deadline
Nigeria’s insurance industry is undergoing one of its most significant transformations in years as the 2026 recapitalisation deadline set by…
Nigeria Fuel Prices, Inflation Rise as Oil Nears $100+ Amid Strait of Hormuz Crisis
Nigeria’s economy is once again under pressure as global crude oil prices edge toward the $100-per-barrel mark following escalating geopolitical…
Nigerian Stock Market Gains N1.36 Trillion as Equities Rally Continues on Banking and Consumer Stocks
The Nigerian equities market extended its bullish run last week, delivering a strong performance that lifted investors’ wealth by N1.36…
Ellah Lakes Grows Revenue to N146.7bn in 17 Months as Agribusiness Expansion Gains Momentum
Ellah Lakes Plc has reported a sharp rise in performance, growing its total revenue to N146.7 billion over a 17-month…