FTN Cocoa, Unity Bank Drive Nigerian Stock Market Rally for Week Ended March 6, 2026
The Nigerian stock market ended the first trading week of March 2026 in positive territory, with the All-Share Index rising…
Category: Local
Oil Stocks Surge 9.43% as Naira Trades at Discount in Parallel Market
The oil and gas sector emerged as the top performer on the Nigerian Exchange Limited (NGX) last week, posting a…
Nigeria LNG Cargo Diverted to Asia Amid Record Gas Price Surge
A shipment of liquefied natural gas (LNG) from Nigeria has been redirected to Asia as soaring regional prices created an…
NNPC Moves to Secure Foreign Crude for Dangote Refinery Amid Rising Petrol Prices in Nigeria
The Nigerian National Petroleum Company Limited (NNPC) has initiated plans to secure crude oil for the Dangote Petroleum Refinery through…
FG Promises Completion of 570MW Alaoji Power Plant by 2027
The Federal Government has assured Nigerians that the 570-megawatt Alaoji Power Plant will be completed by the third quarter of…
CBN to Raise N850 Billion in Treasury Bills Auction on March 11, Boosting Weekly Debt to N2 Trillion
The Central Bank of Nigeria (CBN) is set to raise N850 billion through a fresh Treasury Bills (NTBs) auction scheduled…
Kenya’s Pension Assets Surge to KSh 2.81 Trillion in 2025 Amid Strong Contributions and Investment Gains
Kenya’s retirement benefits sector recorded a remarkable growth in 2025, with total pension assets hitting KSh 2.81 trillion by December,…
CBN PMI Hits 56.4 in February, Marking 15 Months of Continuous Economic Expansion
Nigeria’s economic momentum continued in February 2026, with the Central Bank of Nigeria’s (CBN) composite Purchasing Managers’ Index (PMI) climbing…
Treasury Bill Auction Oversubscribed as Ghana’s Interest Rates Drop to 4.82%
Ghana’s recent Treasury bill auction has once again exceeded expectations, signaling strong investor confidence in government securities. The Bank of…
Domestic Investors Lead Nigerian Bank Recapitalisation, Driving 72% of Funds
Domestic investors have been the major force behind Nigeria’s ongoing bank recapitalisation programme, contributing approximately 72% of the total funds…
Fuel Price Fluctuations in Nigeria Driven by Market Forces, Says NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that the recent fluctuations in fuel pump prices are…
Nigerian Stock Market Valuation Hits N126 Trillion as Investors Trade N177 Billion Shares
The Nigerian stock market continued its upward momentum this week, with the total market capitalisation climbing to N126.43 trillion, according…
NGX Group and CSCS Lead Global Push for Gender Equality in Capital Markets
The Nigerian Exchange Group (NGX), in collaboration with the Central Securities Clearing System (CSCS) and Women in Management, Business and…
Nigeria Pension Assets Rise to N28.03tn as FGN Securities Dominate Investments
Nigeria’s pension industry recorded a strong start to 2026 as total pension assets rose by N580 billion in January, highlighting…
Champion Breweries Meets NGX Free Float Requirement After Public Offer and Rights Issue
Champion Breweries Plc has announced that it has successfully met the minimum free float requirement for companies listed on the…
Nigeria’s Power Sector Debt: A Case for Accountability Amidst Audit Disputes
Nigeria’s power sector has long been plagued by structural inefficiencies, weak liquidity and persistent non-performance across the value chain. The…
Nigeria to Train 10,000 AI Experts Through Microsoft and TeKnowledge Partnership
Nigeria is taking a major step toward becoming a global hub for artificial intelligence as TeKnowledge and Microsoft announce the…
NNPC Leads Petrol Price Surge in Nigeria Amid Looming Fuel Scarcity
The price of Premium Motor Spirit (PMS), commonly known as petrol, has surged sharply across Nigeria, sparking concerns over a…
Dangote Refinery vs Importers: Petrol Price Debate Amid US-Iran Tensions
Amid escalating tensions in the Middle East, Nigeria is witnessing a sharp debate over petrol prices as the Dangote Petroleum…
Nigeria Positions for Stronger AfCFTA Gains with Subnational Export Expansion
The Federal Government has reaffirmed its commitment to delivering tangible results under the African Continental Free Trade Area (AfCFTA), emphasizing…
FG Introduces New Presumptive Tax Rules to Simplify Compliance for MSMEs
The federal government of Nigeria has introduced new presumptive tax rules aimed at Micro, Small, and Medium Enterprises (MSMEs) nationwide.…
Manufacturers Optimistic as CBN Interest Rate Cuts Promise Credit Boost Beyond N7tn
Manufacturers in Nigeria are eyeing a rebound in access to bank credit after lending to the sector dropped to N7.09…
Nigerian Pension Funds Hit N28 Trillion as Contributor Base Tops 11 Million
The Nigerian pension fund industry has kicked off 2026 with remarkable growth, reaching a new high of N28.04 trillion in…
Nigerian Equities Market Rebounds, NGX Gains N220bn Amid Investor Optimism
The Nigerian equities market recorded a strong rebound on Thursday, as gains in several medium- and large-cap stocks boosted overall…
Nigerian Stock Market Gains N221bn as Nestle Nigeria Drives Investor Demand
The Nigerian stock market witnessed a notable boost yesterday, with the Nigerian Exchange Limited (NGX) gaining N221 billion, driven largely…
Naira Holds Strong at N1,850/£1 Amid UK Pound Weakness and Rising Local Demand
The Nigerian naira settled at N1,850 per British pound (GBP) in the official foreign exchange market on Wednesday, maintaining stability…
CBN Withdraws N13.41 Trillion in January 2026 Amid Tight Liquidity Conditions
The Central Bank of Nigeria (CBN) pulled a record N13.41 trillion from the financial system in January 2026, nearly five…
NTB Auction Sees N2.34 Trillion Demand as Investors Eye Higher Yields
Investors poured N2.34 trillion in bids at the latest Nigerian Treasury Bills (NTB) auction, more than double the N1.05 trillion…
Dangote Refinery Absorbs 20% Crude Cost Surge to Stabilise Petrol Supply in Nigeria
Nigeria’s largest refining facility, the Dangote Petroleum Refinery & Petrochemicals, has assured Nigerians that it will maintain a steady supply…
Jaiz Bank Leads Trading Volume as Nigerian Stock Market Rises 0.18%
The Nigerian stock market closed slightly higher on March 5, 2026, as the Nigerian Exchange All-Share Index gained 343.9 points…