CBN Tightens Oversight of Digital Finance Platforms as Nigeria Expands Virtual Asset Regulation
The Central Bank of Nigeria (CBN) has stepped up efforts to regulate the fast-growing digital finance sector, introducing stronger oversight…
Category: Local
FG at final stage of 2026-2030 development plan
The Federal Government has reached the final stage of preparations for the Medium-Term National Development Plan (MTNDP 2026–2030), a key…
Cash Outside Banks Falls to N5.20 Trillion in February 2026 as Nigeria’s Liquidity Cycle Stabilizes
Nigeria’s cash held outside the banking system declined slightly in February 2026, falling by 0.058% to N5.20 trillion, as liquidity…
Electricity Generation Rises to 4,300MW as FG Credits Gas Supply Boost and Sector Reforms
The Federal Government has announced an improvement in Nigeria’s electricity generation, which increased from 3,951 megawatts to 4,300 megawatts between…
NUPRC Unveils Digital Reforms to Boost Oil Production and Attract Investment in Nigeria
Nigeria’s upstream oil and gas sector is set for a major transformation as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)…
Nigeria’s External Reserves to Fall to $47bn by 2026, Fitch Warns Amid Economic Pressures
Fitch Ratings has projected that Nigeria’s external reserves will decline to around $47 billion by the end of 2026, despite…
World Bank Fuel Import Recommendation Sparks Backlash in Nigeria as Expert Cites PIA Violation
An energy economist, Ken Ife, has strongly criticised the World Bank’s recommendation that Nigeria should deepen fuel imports and further…
Federal Government Cuts Palm Oil Import Tariffs by 17% to Ease Food Prices
The Federal Government of Nigeria has reduced import tariffs on crude palm oil by 17 per cent, a move aimed…
FTSE Upgrade Drives N1.36 Trillion Stock Market Surge in Nigeria
Nigeria’s equities market witnessed a dramatic surge, adding N1.36 trillion in just 72 hours after FTSE Russell upgraded the country…
Oil Shock Exposes Nigeria’s Import Trap as Local Tech Manufacturing Gains Urgency
Nigeria is once again feeling the ripple effects of global instability after crude oil prices surged above $100 per barrel…
FG Extends Project BRIDGE Research Cluster Deadline to April 27 to Boost Nigeria’s Digital Economy
The Federal Government has extended the deadline for applications into the National Digital Economy Research Clusters under Project BRIDGE to…
Iran War: Zinox Urges Local Tech Manufacturing to Shield Nigeria From Global Shocks
Nigeria’s growing exposure to global economic shocks has come into sharp focus amid the ongoing tensions involving Iran, the United…
First Atlantic Bank, SIC Insurance Lead Gains as Ghana Stock Exchange Records Mixed Trading Session
The Ghana Stock Exchange (GSE) ended Thursday’s trading session on a mixed note, as gains in banking and insurance stocks…
Fuel Price Hike in Nigeria: TUC Proposes Crude Subsidy for Local Refineries to Ease Costs
The Trade Union Congress (TUC) of Nigeria has called on the federal government to intervene in the rising cost of…
NNPC Pushes AI Adoption, Targets $34bn Investment Pipeline to Cut Oil Production Costs
The Nigerian National Petroleum Company Limited (NNPC Ltd) has revealed a major push toward artificial intelligence (AI) and digital transformation…
Naira Strengthens to N1,365 per Dollar as Global Dollar Weakness Drives Market Gains
The naira appreciated to ₦1,365 per dollar on Thursday, extending gains as the U.S. dollar weakened across global markets. The…
GTCO, Aradel Lead Value Trades as NGX All-Share Index Breaks 203,000 Milestone
The Nigerian equities market extended its bullish run on April 9, 2026, as the All-Share Index climbed 0.28% to close…
NGX Banking Stocks Drive 0.28% Market Growth as Investors Rally in Late Trading
The Nigerian equities market ended Thursday’s trading session on a positive note, as a late surge in banking stocks pushed…
PIA reforms drive over $10bn upstream oil investment in Nigeria – NUPRC
The implementation of the Petroleum Industry Act (PIA) and sweeping regulatory reforms have triggered a major boost in Nigeria’s energy…
CBN Warns Banks Against Excessive Risk-Taking After Recapitalisation Drive
The Central Bank of Nigeria (CBN) has cautioned commercial banks against engaging in excessive risk-taking following the conclusion of the…
Naira vs Pound Stability at N1,862 Signals Market Calm in Nigeria FX Market
The Nigerian naira showed relative stability against the British pound sterling, closing at N1,862/£1 in the official foreign exchange market…
Nigeria Poverty Rate Hits 63% in 2025 Despite Inflation Slowdown – World Bank Report Raises Economic Concerns
Nigeria’s poverty rate climbed to 63% in 2025, even as inflation showed signs of easing, according to a new World…
BREAKING: NAICOM rolls out Mandatory Policyholders’ Protection Fund, tightens insurance compliance
The National Insurance Commission (NAICOM) has issued sweeping new guidelines mandating all insurers and reinsurers to contribute to the Insurance…
Nigeria’s Tax Overhaul Tightens Profit Rules for Insurers, Reshapes Industry Landscape
Nigeria’s insurance industry is entering a new phase of stricter regulation as recent tax reforms redefine how companies calculate profits,…
Nigeria Oil Output Hits 1.84mbpd as Lawmakers Back Pipeline Surveillance Contracts
Nigeria’s crude oil production has climbed sharply to 1.84 million barrels per day (bpd) in 2025, marking a significant recovery…
NNPC Pushes AI Adoption to Boost Nigeria’s Oil Output to 3mbpd
The Nigerian National Petroleum Company Limited (NNPC) is accelerating the adoption of artificial intelligence (AI) in its upstream operations as…
Intra-African Trade Set to Hit $230bn by 2026 as AfCFTA Drives Growth
Intra-African trade is projected to reach $230 billion by 2026, driven largely by the accelerated implementation of the African Continental…
Top 10 Equity Mutual Funds in Nigeria by YTD Returns (March 2026) – ARM Fund Leads with 108% Growth
Nigeria’s equity mutual funds are gaining renewed attention as investors increasingly look beyond low-risk instruments in search of higher returns.…
Nigeria’s Crude Oil Output Hits 1.84 Million BPD as Pipeline Security Improves
Nigeria’s crude oil production has surged from a historic low of 960,000 barrels per day (bpd) in 2022 to an…
Nigeria Reclaims Frontier Market Status as NGX Surges
Nigeria has officially regained its Frontier Market status from global index provider FTSE Russell, reflecting significant improvements in the Nigerian…