GOIL CEO Warns StarOil Night Fuel Discount Could Breach Pricing Rules-Ghana
The Chief Executive Officer and Managing Director of GOIL Ghana, Edward Bawa, has raised concerns over StarOil Ghana’s proposal to…
Category: Local
Nigeria’s Internet Usage Soars 168% in Three Years as Broadband Access Expands
Nigeria has witnessed a dramatic surge in internet usage over the past three years, with total traffic climbing approximately 168%…
Nigeria’s Economic Reforms Boost Capital Growth, Says NGX CEO
Nigeria’s economic reforms are already showing measurable impact on domestic capital formation and global investment potential, the Group Chief Executive…
Nigeria Sees $96bn in Crypto Transactions as SEC Moves to Strengthen Oversight
Nigeria’s digital finance ecosystem has reached a staggering $96 billion in cryptocurrency and other virtual asset transactions, the Director-General of…
AfDB Grants $5.52M to Boost Tax Systems in Nigeria and West Africa
The African Development Bank (AfDB) has approved a $5.52 million grant to strengthen tax systems in Nigeria and several West…
Fuel Price Surge: 129,000MT Petrol, Diesel Vessels Arrive Nigeria Amid Import Controversy
As Nigerians grapple with a sharp petrol price surge, fresh supplies of fuel are arriving the country’s shores. No fewer…
Nigeria–UAE Defence Technology Pact to Attract $200m Investment Boost
Nigeria is set to attract up to $200m in fresh investment following a landmark defence technology agreement between local firm…
Nigeria Food Inflation Rises to 12.12% as Soaring Input Costs Hit Households
Nigeria’s food inflation climbed to 12.12 percent in February 2026, marking a sharp return to double-digit levels after briefly dropping…
NGX Market Capitalisation Rises by N923 Billion as YTD Return Hits 27.5%
Bargain hunting in several blue-chip stocks propelled the Nigerian Exchange Limited (NGX) to a week of strong gains, lifting total…
Nigeria Must Halt Petrol Imports to Protect Forex Reserves, Energy Group Warns
An energy policy group has called on President Bola Ahmed Tinubu to pause newly approved petrol import permits, cautioning that…
Tinubu Launches Petroleum Reform Taskforce to Unlock $10 Billion Sector Value
President Bola Ahmed Tinubu has officially inaugurated the Presidential Petroleum Reform and Value Optimisation Taskforce to spearhead the next wave…
NUPRC Enforces “Drill or Drop” Rule, Boosting Investor Confidence in Nigeria’s 2025 Oil Licensing Round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially ended the era of oil companies holding exploration licences for years…
Fintech Association Backs CBN Banking Reforms to Strengthen Security and Trust
The FinTech Association of Nigeria has voiced strong support for recent banking reforms introduced by the Central Bank of Nigeria…
Nigeria’s New Tax Reforms to Ease Burden on Workers and Small Businesses
Nigeria’s latest tax reforms are set to bring relief to workers and small businesses, according to Joseph Tegbe, Chairman of…
Nigerian Exchange Market Capitalisation Hits N127.36 Trillion on Weekly Gains
The Nigerian Exchange market capitalisation soared to N127.36 trillion as the week ended on a strong note, reflecting renewed investor…
BUA Cement Stock Surges 51% in 2026 as Investors Bet on Strong Growth
BUA Cement Plc’s shares have kicked off 2026 on a high note, climbing to N270 from N178.50 at the end…
Nigerian Stocks Surge: NGX All-Share Index Hits Record 198,407 Points
The Nigerian Exchange (NGX) closed the week ended March 13, 2026, on a high note, with the All-Share Index (ASI)…
MWC26 Barcelona Highlights AI and 5G Innovations for Nigerian Telecoms
Leaders from Nigeria’s telecom sector joined global regulators, operators, and technology innovators at the 2026 Mobile World Congress (MWC26) in…
Nigerian Breweries Invests 29% in Ogun rPET Recycling Facility to Boost Sustainable Packaging
Nigerian Breweries Plc has taken a significant step toward sustainability by acquiring a 29% stake in a new food-grade recycled…
Nigeria Moves to Boost Stock Market Liquidity by Unlocking Tightly Held Shares
Nigerian regulators are stepping up efforts to boost liquidity in the country’s equity market by reviewing rules around free-float requirements…
Nigeria’s Inflation Expected to Slow in February as Food Supply Improves – Analysts
Analysts at Financial Derivatives Company (FDC) have projected a further slowdown in Nigeria’s inflation in February, citing improved food supply…
Cash Outside Banks Drops by N198bn as Nigeria’s Money Supply Dips in January 2026
Nigeria saw a significant reduction in cash held outside the banking system in January 2026, with N197.68bn returning to formal…
Nigerian Stocks Near Bubble Territory: Investors Urged to Exercise Caution
Nigerian stocks are riding a wave of unprecedented momentum, with equities up roughly 27.5% year-to-date following last year’s impressive gains…
Nigerian Stock Market Sees N164bn Traded in Five Days Amid 10% Decline
Investors on the Nigerian stock market traded a total of 3.32 billion shares worth N164.84 billion over five days, marking…
PwC Urges Banks, Telcos to Strengthen Collaboration to Combat Rising AI Fraud
Banks and telecommunications companies must work more closely together to combat the growing threat of artificial intelligence-driven fraud, according to…
Mixed Auction Results Weigh on Nigeria’s Fixed-Income Market as Investors Remain Cautious
Nigeria’s fixed-income market faced a difficult week as mixed auction results and cautious investor sentiment triggered a bearish trend across…
China, US, and Key Global Players Dominate Nigeria’s N17.25 Trillion Import Market in Q4 2025
Nigeria’s import trade in the fourth quarter of 2025 remained heavily concentrated, underlining the country’s continued reliance on foreign suppliers…
Tinubu’s Economic Reforms Push Nigeria’s Poverty Rate to 63% – Report
Economic reforms under President Bola Tinubu have pushed Nigeria’s poverty rate to a staggering 63%, according to a recent report…
Oil Prices Soar Above $100 Amid Middle East Crisis, Millions Displaced in Iran
Oil prices have rebounded above $100 per barrel as the U.S.-Israel war on Iran enters its second week, fueling fears…
Top Money Market Mutual Funds in Nigeria by YTD Yields – February 2026
Nigeria’s mutual fund industry continues its steady growth as investors seek structured investment options that balance returns, liquidity, and capital…