NGX Group, CSCS, WIMBIZ Champion Women’s Empowerment Through Capital Markets
Nigerian Exchange Group Plc (NGX Group), in partnership with Central Securities Clearing System Plc (CSCS) and Women in Management, Business…
Category: Local
Petrol Price Hikes in Nigeria Hit Poor Families Hardest, Says Agora Think-Tank
Rising petrol prices and electricity tariffs in Nigeria are disproportionately affecting the country’s poorest, a new report by the Agora…
Petroleum Subsidies and FX Distortions Cost Nigeria 6% of GDP – CBN Reveals Economic Recovery
Nigeria’s economy narrowly avoided a collapse as years of mismanaged petroleum subsidies and foreign exchange distortions drained resources equivalent to…
FG Cuts Domestic Debt Service by 38% in January 2026, Signaling Stronger Fiscal Management
The Federal Government (FG) of Nigeria has significantly reduced its domestic debt service payments, spending $405.3 million in January 2026—a…
Nigeria’s Treasury Bills Auction Hits N2.78 Trillion Subscriptions, Oversubscribes N850 Billion Offer
Nigeria’s latest Treasury Bills (T-Bills) Primary Market Auction, conducted by the Central Bank of Nigeria (CBN) on March 11, 2026,…
SEC Includes GoldBod in Ghana’s Virtual Asset Regulatory Sandbox to Pilot Gold-Backed Innovations
The Securities and Exchange Commission (SEC) of Ghana has clarified the inclusion of the Ghana Gold Board (GoldBod) in its…
CBN-Led Bank Recapitalisation Boosts Nigeria’s Path to a $1 Trillion Economy
The Central Bank of Nigeria (CBN) is nearing the completion of a landmark bank recapitalisation exercise set to conclude by…
Nigeria’s Economy Resilient Amid US-Iran Tensions, Says CBN Governor
Nigeria’s economy is poised to withstand potential shocks from escalating tensions in the Middle East, according to Governor of the…
Transcorp Hotels and BUA Cement Boost Nigerian All-Share Index by N600 Billion
The Nigerian stock market returned to bullish territory on March 12, 2026, with the All-Share Index (ASI) gaining 1,010.2 points…
Nigeria Banks Deposit N7 Trillion in CBN Amid Persistent Liquidity Surplus
Nigeria’s deposit money banks (DMBs) have parked nearly N7 trillion in excess cash at the Central Bank of Nigeria’s (CBN)…
NERC Orders N20.33bn Meter Refunds as DisCos Face Mounting Liquidity Pressure
Electricity distribution companies across Nigeria are facing renewed financial strain after the Nigerian Electricity Regulatory Commission directed them to refund…
Nigerian Stock Market Rebounds with N649bn Gain as Investor Confidence Returns
The Nigerian equities market rebounded on Thursday, adding N649bn to investors’ wealth after reversing losses recorded in the previous two…
Nigerian Breweries Acquires 29% Stake in Ogun Plastic Recycling Project to Boost Sustainability
Nigerian Breweries Plc has acquired a 29% stake in a recycled Polyethylene Terephthalate (rPET) production facility in Ogun State, marking…
Nigeria’s Crude Oil Production Drops to 1.31 Million BPD, Falling Short of OPEC Quota
Nigeria’s crude oil production fell sharply to 1.31 million barrels per day (bpd) in February 2026, according to the latest…
FG to Connect All Nigerian Schools to Reliable Internet to Boost Digital Learning
The Federal Government has unveiled a major initiative to connect all schools across Nigeria to reliable internet, aiming to strengthen…
TeKnowledge and Microsoft Partner to Upskill 10,000 Nigerians in AI
Nigeria’s national workforce is set to receive a significant upgrade as TeKnowledge joins forces with Microsoft to expand artificial intelligence…
Dangote Dominates N14.4tn Petrol Market: Experts Warn of Monopoly Risks in Nigeria
Nigeria’s energy sector is facing a major shake-up as Dangote Petroleum Refinery now supplies over 90% of the nation’s petrol,…
Wale Edun Assures Nigerians of Stable Food Prices Amid Global Economic Uncertainty
Nigeria’s Finance Minister and Coordinating Minister of the Economy, Wale Edun, has reassured citizens that the federal government is committed…
Strategic Market System to Transform Nigeria’s Agricultural Value Chain – FG
The Federal Government has announced that a strategic market system will revolutionize Nigeria’s agricultural sector by transforming subsistence farming into…
Investor Appetite Soars as Nigeria’s February Bond Auction Records 92% Bid-to-Cover Ratio
Nigeria’s February bond auction drew robust investor interest, as the Debt Management Office (DMO) issued N800 billion in Federal Government…
SEC engages over 500 firms in radical push for investor protection
Nigeria’s Securities and Exchange Commission (SEC) has intensified efforts to protect investors while fostering innovation by engaging more than 500…
NERC Orders Private Substations to Secure Permits Within 45 Days to Strengthen Nigeria’s Grid
The Nigerian Electricity Regulatory Commission (NERC) has ordered all owners of private transmission substations connected to the national grid to…
Net Foreign Exchange Inflow into Nigeria Drops 18% to $61.3 Billion in 11 Months
Nigeria’s net foreign exchange (forex) inflow fell sharply by 18.3 percent year-on-year to $61.29 billion in the eleven months ending…
Nigeria’s Food Import Bill Hits N7.65 Trillion in 2025 Amid Rising Domestic Demand
Nigeria’s spending on imported food and beverages surged to N7.65 trillion in 2025, signaling the country’s growing dependence on foreign…
Nigeria Launches N10 Billion Fund to Boost Greenfield Sugar Projects
The National Sugar Development Council (NSDC) and the Bank of Industry (BOI) have teamed up to establish a N10 billion…
NGX Loses N107bn as Profit-Taking Deepens Bearish Sentiment in Nigerian Stock Market
Trading activities on the Nigerian Exchange Limited closed on a slightly negative note on Wednesday as investors continued to take…
Nigeria Spent $5.2bn Servicing External Debt in 2025 – CBN Data Reveals Rising Financial Pressure
Nigeria spent about $5.21bn servicing external debt in 2025, according to data released by the Central Bank of Nigeria. The…
Seplat Energy to Drill 17 Wells in 2026, Targets 155,000 Barrels Daily Output
Seplat Energy Plc has unveiled an ambitious plan to drill 17 new wells in 2026 as part of efforts to…
CBN Deploys AI-Powered Surveillance to Track Money Laundering in Nigerian Banks
The Central Bank of Nigeria (CBN) has taken a major step to curb financial crime by mandating banks and financial…
NTB Subscription Falls to N6.13 Trillion Amid Low Yields and Policy Adjustments
The Nigerian Treasury Bills (NTB) market has witnessed a significant decline in investor subscription, dropping to N6.13 trillion in the…