NGX Records 8.76bn Shares Traded in Three Days as ICT Sector Drives Market Surge
The Nigerian Exchange Limited (NGX) recorded a remarkable surge in trading activity last week, with investors exchanging 8.761 billion shares…
Category: Local
Dangote Refinery Exports Fuel Across Africa Amid Supply Crisis
Nigeria’s Dangote Petroleum Refinery is rapidly reshaping Africa’s energy landscape after exporting 12 cargoes of refined petroleum products totaling 456,000…
CBN Targets Single-Digit Inflation as Nigeria Shifts to New Monetary Policy Framework
Nigeria’s central banking authority, Central Bank of Nigeria (CBN), has reaffirmed its commitment to bringing inflation down to single digits,…
Food Bills Soar in Nigeria, Outstrip Household Spending Despite Easing Inflation
Nigerian households are grappling with a sharp rise in food expenses, now spending significantly more on meals than on rent,…
Oil Prices Surge Above $119 as Nigeria’s Petrol Price Hits N1,200 per Litre
Global oil prices jumped sharply on Thursday, with Brent crude climbing above $119 per barrel, as escalating tensions in the…
CBN Survey Shows Nigerian Families Strained as Banks Set to Raise Interest Rates
Nigerian households are feeling the squeeze as rising costs and tightening credit conditions continue to limit their spending power, according…
CBN Tightens BVN Rules to Curb Fraud, Boost Trust in Nigeria’s Digital Banking System
Nigeria’s financial system is entering a new phase of tighter security as the Central Bank of Nigeria (CBN) moves to…
Nigeria’s Oil Output Drops to 1.48mbpd in February, Raising Doubts Over 2.5mbpd Target
Nigeria’s combined crude oil and condensate production dropped to 1.48 million barrels per day (mbpd) in February 2026, down sharply…
Eight Stocks Dominate Nigerian Stock Market, Driving 61% of N127 Trillion Capitalisation
The Nigerian stock market is heavily dominated by just eight companies, which now account for 61 per cent of its…
Transcorp Reports N544 Billion Revenue and N179.5 Billion Profit on Diversified Growth
Transnational Corporation Plc (Transcorp) has posted impressive financial results for the 2025 fiscal year, reporting a revenue of N544.41 billion…
Nigeria’s Diaspora Remittances Surge 97% YoY to $107.47 Million in January 2026
Nigeria’s diaspora remittances have shown remarkable resilience, with total inflows reaching $1.22 billion in 2025 and maintaining strong momentum into…
Nigeria’s Economic Reforms Drive Growth and Investment under President Tinubu
Nigeria is witnessing renewed economic momentum as the administration of President Bola Tinubu implements major reforms aimed at stabilizing the…
Exchange Rate Stability and Rising Demand Boost Nigerian Business Confidence – CBN Survey
Businesses across Nigeria are showing strong optimism for the coming months, fueled by improving demand, easing cost pressures, and expectations…
Refineries spend N5.7tn on foreign oil despite naira-for-crude policy
Nigeria, Africa’s largest crude oil producer, imported crude oil worth a staggering N5.734 trillion in 2025, even as domestic refineries…
CBN’s New AML Rules Push Banks Toward Automation: Local AI Platform Leads Compliance Drive
The Central Bank of Nigeria (CBN) is accelerating the adoption of automated anti-money laundering (AML) solutions across the country’s financial…
Nigeria Secures £746M UK Financing to Modernize Lagos Ports – Boost for Trade and Economy
Nigeria has secured a £746 million financing agreement with the United Kingdom to modernize its key Lagos ports, the Apapa…
Nigerians Struggle with Rising Costs Despite Banks Raising Savings Rates
Several Nigerian banks have increased their savings interest rates following recent changes to the Central Bank of Nigeria’s (CBN) monetary…
CBN Raises N3 Trillion in Two Weeks Through Treasury Bills Amid Fiscal Pressures
The Central Bank of Nigeria (CBN) is set to raise N1.05 trillion in Treasury Bills (NTBs) at an auction on…
Global Investor Confidence Boosts Nigeria’s Equity Market – Temi Popoola
Nigeria’s equity market is attracting renewed global attention as investor confidence grows, according to Temi Popoola, Group Managing Director and…
SEC Shuts Down 400 Fraudulent Investment Schemes in Nigeria, Intensifies Investor Protection Efforts
Nigeria’s Securities and Exchange Commission (SEC) has shut down more than 400 fraudulent investment schemes over the past three years,…
Naira Slips to N1,385/$ as Middle East Tensions Shake Global Markets
The Nigerian naira has come under renewed pressure, weakening to N1,385 against the US dollar as escalating tensions in the…
Dangote Refinery, Marketers Partner to Strengthen Fuel Supply in Nigeria
Nigeria’s fuel supply outlook received a boost as the Dangote Petroleum Refinery partnered with major marketers to ensure steady nationwide…
FGN Securities Drive Nigeria’s Pension Assets to N28 Trillion Amid 16.7% Growth
Nigeria’s pension industry has seen a remarkable surge in its Net Asset Value (NAV), reaching N28.04 trillion in January 2026,…
Nigeria to Adopt T+1 Settlement Cycle in Capital Market from May 29, 2026
Nigeria’s capital market is set to transition to a T+1 settlement cycle starting May 29, 2026, a move aimed at…
Taiwo Oyedele Pledges Swift Implementation of Nigeria’s Tax Reforms as Minister of State for Finance
Newly appointed Minister of State for Finance, Mr. Taiwo Oyedele, has vowed to ensure Nigeria’s tax reforms move from paper…
NGX All-Share Index Surges Past 200,000 Points as Investor Confidence Soars
Nigeria’s stock market reached a historic milestone on Monday as the NGX All-Share Index (ASI) surged past the 200,000-point mark,…
Nigeria’s $1 Trillion Economy Goal: Oyedele and Uzoka-Anite Commit to Fiscal Discipline and Private Sector Growth
Newly sworn-in ministers of state, Finance, Taiwo Oyedele, and Budget & Economic Planning, Doris Uzoka-Anite, have outlined ambitious plans to…
CBN Waives Affidavit Requirement for Dormant Account Reactivation to Unlock Trapped Funds
The Central Bank of Nigeria (CBN) has announced a significant policy change, waiving the affidavit requirement for reactivating dormant bank…
Transcorp Energy Secures World Bank-Backed Bid to Expand Renewable Power in Abuja
Transcorp Energy Limited has emerged as the successful bidder for key lots in the Federal Capital Territory under the World…
Naira Strengthens to N1,355 per Dollar as Nigeria’s Forex Market Shows Signs of Stability
The Nigerian naira continued its upward trend on Monday, appreciating to N1,355 per U.S. dollar at the official foreign exchange…