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Nigeria’s Power Sector Contributes N62.12 Billion in Company Income Tax in 2025…
Nigeria’s power sector contributed N62.12 billion in Company Income Tax in 2025, according to the National Bureau…
Kenya Central Bank Holds Interest Rate at 8.75% Amid Iran Conflict Uncertainty
Kenya’s Central Bank has decided to maintain its benchmark interest rate at 8.75%, pausing nearly two years of…
Telecom Infrastructure Theft in Nigeria Surges as 656 Generators, Batteries Stolen…
Telecom infrastructure theft in Nigeria is rapidly escalating, creating serious concerns for network reliability…
Petrol Price Drop Expected in Nigeria as Global Oil Prices Crash 15%
Nigerian motorists may finally get some relief at the pumps as global crude oil prices recorded a sharp decline,…
FTSE Frontier Market Upgrade Sparks Rally in Seplat, GTCO, Zenith on NGX
Nigeria’s stock market is experiencing a strong resurgence as renewed global investor confidence drives a rally in…
Africa Prudential Revenue Surges 38% to N7.19bn Amid Digital Transformation Drive
Africa Prudential Plc has posted a remarkable 38.35% growth in revenue for the financial year ending December 31,…
April 2026 FGN Savings Bonds Announced with Interest Rates up to 14.08% for Retail…
The Debt Management Office (DMO), acting on behalf of the Federal Government of Nigeria, has announced the April…
Nigerian Stock Market Gains N209bn as Trading Week Kicks Off
The Nigerian equities market started the new trading week on a strong note, recording a gain of N209 billion in…
FG Raises N3.53 Trillion From Bond Auctions in Q1 2026 Amid Strong Investor Demand
The Federal Government of Nigeria (FGN) successfully raised approximately N3.53 trillion from domestic bond…
Oil Shock to Drive Nigeria Inflation Up by 3.1 Points, Warns World Bank
Nigeria faces a rising inflation threat as global oil prices surge, the World Bank has warned. In its latest…
Nigeria Reduces Oil Dependence as Tax Revenue Soars to 87% of Federation Earnings
Nigeria is undergoing a major fiscal transformation as tax revenues now account for an unprecedented 87% of total…
Naira Drops to N1,389/$ as Nigeria’s External Reserves Fall by $850 Million
Nigeria’s Naira weakened to N1,389 per dollar, reflecting growing pressure on the local currency as the country’s…
Dangote Refinery Hikes Petrol to N1,275, Diesel Hits N1,950 Amid Global Oil…
Nigeria’s Dangote Petroleum Refinery has raised the gantry price of petrol and diesel, with petrol now costing…
NNPC Launches Cawthorne Crude Exports with 950,000-Barrel Maiden Shipment
The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially begun exporting its latest crude grade,…
Nigeria Revenue Deductions Swallow 39% of 2025 Inflows, World Bank Warns
Nigeria’s revenue growth in 2025 is impressive on paper, but the World Bank has highlighted a growing fiscal leak…
Ghana’s Economic Recovery Shows Promise but Risks Remain, S&P Maintains…
Ghana’s economy is showing signs of recovery, according to a recent report by S&P Global Ratings, which…
Nigeria Pension Assets Hit Record Growth of N1.39 Trillion in February
Nigeria’s pension assets recorded a historic surge in February 2026, rising by N1.39 trillion to reach…
World Bank Urges Nigeria to Resume Petrol Imports Amid Rising Fuel Prices
Nigeria may need to reopen its doors to petrol imports as rising global energy costs and supply constraints…
Nigeria Regains Frontier Market Status, Boosting Investor Confidence and Stock…
Nigeria has officially regained its Frontier Market status, marking a significant turnaround for the country’s…
Nigeria Excluded from OPEC+ Crude Oil Production Hike Amid Global Market…
Nigeria has once again been excluded from the latest crude oil production increase by the Organisation of Petroleum…
GenCos Question N3.3tn Power Sector Debt Settlement Amid Delayed Payments
The Federal Government’s renewed approval of N3.3tn to settle long-standing power sector debts has ignited fresh…
Nigeria Achieves Fiscal Milestone: Non-Oil Revenue Now 75% of Federation Funds
Nigeria has marked a historic turning point in its economic landscape, as non-oil revenue now accounts for 75 per…
Nigeria’s Power Sector Gets N3.3 Trillion Lifeline as Eight GenCos Sign Debt…
Eight of Nigeria’s major power generation companies, including Transcorp Power, Egbin Power, and Geregu Power Plc,…
Nigeria Shifts to Tax-Driven Revenue Model as Oil Income Plummets by 26% Over 15…
Nigeria’s federal revenue landscape is undergoing a historic transformation, with tax and non-oil income…
FG Raises 2026 Borrowing to N29.2 Trillion as Nigeria’s Fiscal Deficit Widens
The Federal Government of Nigeria has raised its borrowing plan for 2026 to N29.2 trillion, reflecting a sharp…
Naira Settlement Policy Transforms Nigeria’s Diaspora Remittance System
The Central Bank of Nigeria (CBN) has unveiled a landmark naira settlement policy that will transform how diaspora…
AfDB Approves $11.3M for Mini-Grids to Boost Electricity Access in Nigeria and 13…
The African Development Bank (AfDB) has approved $11.3 million in renewable energy funding to expand electricity…
Best Performing Nigerian Stocks for Easter Week 2026: MTN and GTCO Lead Gains
The Nigerian equities market posted modest gains during the Easter week ended April 2, 2026, with the All-Share…
NGX Weekly Turnover Falls to 2.856 Billion Shares Amid Shortened Trading Week
Activity on the floor of the Nigerian Exchange Limited (NGX) slowed sharply last week as trading was limited to…
Africa Prudential Strengthens Performance and Accelerates Digital Growth in 2025
Africa Prudential Plc has reaffirmed its financial resilience and growth momentum, sustaining strong returns while…