AFC Leads $2.5bn Dangote Refinery Equity Raise as Capacity Target Rises to 1.4m bpd
Africa Finance Corporation (AFC) has led a group of strategic investors in a major $2.5 billion equity raise for Dangote…
Category: Local
DMO to Auction N425bn FGN Bonds as Investors Eye August 17 Offer
The Debt Management Office (DMO) is set to offer N425 billion worth of Federal Government of Nigeria (FGN) bonds to…
Nigeria LNG Targets Growth as Train 7 and New Gas Deals Boost Expansion Plans
Nigeria LNG Limited (NLNG) is looking beyond its recent revenue dip as the gas giant prepares for what could be…
Nigeria’s Oil Output Slips 4% in July but Still Beats OPEC Quota
Nigeria’s crude oil production dropped by about 4 per cent in July, ending months of steady growth, but the country…
Tinubu Explains New Oil Incentives as Nigeria Targets $50bn Deep Offshore Investment
President Bola Tinubu has explained why his administration is rolling out fresh incentives and policy directives to revive investment in…
NGX Woos Hong Kong Investors, Urges Chinese Firms to Consider Dual Listings
The Nigerian Exchange Group (NGX Group) is stepping up its push for international capital by courting investors in Hong Kong…
NGX Loses N1.76tn as BUA Foods, Banking Stocks Lead Sell-Off
The Nigerian Exchange Limited (NGX) came under heavy selling pressure on Wednesday as investors offloaded shares in major consumer goods…
NGX Agro Stocks: What Investors Should Buy, Hold, Watch or Avoid in H2 2026
Nigeria’s agricultural stocks are entering the second half of 2026 with impressive numbers, but investors may need to look beyond…
Consumer Goods Selloff Wipes N1.76 Trillion From NGX as Investors Lock in Gains
The Nigerian Exchange (NGX) extended its losing streak on Wednesday, August 12, 2026, as a sharp selloff in consumer goods…
Nigeria’s Crude Supply Dispute Deepens as Dangote Refinery and NUPRC Clash Over Oil Prices
Nigeria’s long-running dispute over crude oil supplies to the Dangote Refinery has taken a new turn, with the country’s upstream…
SEC Sets 5pm T+1 Settlement Deadline for Equities, Commodities Trades
The Securities and Exchange Commission has set 5:00 p.m. on the first business day after a transaction (T+1) as the…
Nigeria Targets Fresh Capital to Close $200 Billion Gas Infrastructure Gap
Nigeria is intensifying efforts to attract private and international funding into its gas sector as the country faces an estimated…
NFEM Turnover Falls to $185 Million, Hits 11-Week Low as FX Activity Slows
Foreign exchange activity on Nigeria’s official market took a sharp hit on August 11, with Nigerian Foreign Exchange Market (NFEM)…
Nigeria’s Crude Oil Output Stays Above 1.5 Million bpd Despite July Dip
Nigeria’s crude oil production remained above the 1.5 million barrels per day (bpd) mark for the third consecutive month in…
CBN Raises 364-Day Treasury Bill Rate to 17.59% Despite N4.4 Trillion Demand
The Central Bank of Nigeria (CBN) has raised the stop rate on its 364-day Treasury Bill to 17.59%, surprising investors…
NRS Tax Reforms Reshape Nigeria’s Economy as Revenue Hits N21.6 Trillion
Nigeria’s tax system is entering a new era as the Nigeria Revenue Service (NRS) pushes reforms aimed at changing how…
T-Bill Yields Slide as Investors Chase N700bn CBN Auction
T-bill yields edged lower on Monday as investors stepped up demand for short-term government securities ahead of the Central Bank…
Nigeria’s Rising Debt Service Threatens Social Spending as AfDB Raises Alarm
Nigeria’s growing debt obligations are putting increasing pressure on government spending, with the African Development Bank (AfDB) warning that debt-service…
Lagos Tasks HR Leaders to Prepare Nigeria’s Workforce for the AI Era
Lagos State has called on human resources executives to take a more active role in preparing Nigeria’s workforce for an…
Nigeria’s reform success hinges on living standard
Nigeria’s economic reforms may be showing signs of progress, but experts and policymakers say the real test is whether ordinary…
NCC Raises Alarm as Over 5,000 Fibre Cuts Disrupt Nigeria’s Digital Economy
The Nigerian Communications Commission (NCC) has raised concerns over the growing damage to Nigeria’s telecommunications infrastructure, revealing that more than…
Nigeria Can Turn Global Trade Tensions Into Economic Growth, Afreximbank Says
Nigeria and other African economies could turn rising global trade tensions and supply chain disruptions into an opportunity for stronger…
Nigerians Feel the Squeeze as VAT Adds to Rising Cost of Living
Nigerians are increasingly feeling the pressure of Value Added Tax (VAT) as rising prices and a persistent cost-of-living crisis continue…
Nigeria Rewrites Deepwater Rules, Targets $50bn Fresh Oil Investment
Nigeria is making a major push to revive its deepwater oil industry, introducing a new rules-based incentive framework designed to…
Nigeria’s Oil and Gas Sector Gets Fresh Boost as Stakeholders See Brighter Future
Nigeria’s oil and gas sector may be entering a new chapter as regulators, industry operators and investors point to recent…
53.7 Million Barrels of Crude Oil Supplied to Nigerian Refineries in Q2 2026
Nigeria’s domestic refining sector received a major boost in the second quarter of 2026, as 53.7 million barrels of crude…
Nigeria’s Domestic Debt Service Jumps 20% to N3.14tn as Interest Costs Surge
Nigeria’s domestic debt burden is getting more expensive, with debt service rising by 20.3 percent to N3.14 trillion in the…
Nigeria Targets Full Local Crude Refining by 2030 as Dangote Refinery Expands
Nigeria is moving toward a major shift in its oil industry, with plans to refine all of its crude oil…
Nigeria’s Internet Boom Hits ₦6.6tn as Data Consumption Soars
Nigeria’s growing appetite for the internet has reached a staggering level, with data consumption estimated at ₦6.6tn over the 12…
CardinalStone, Finmal Finance and Lambeth Capital Lead NGX Trading Rankings
The Nigerian Exchange Limited (NGX) recorded another week of concentrated trading activity as CardinalStone Securities Limited, Finmal Finance Company Limited…