Nigeria Fast-Tracks Idle Oil Wells as NUPRC Approves PEL No. 5 for SeaSeis Partnership
Nigeria is fast-tracking efforts to boost its oil production as crude prices hover near $100 a barrel. The Nigerian Upstream…
Category: Local
Nigerian Banks Raise N4.61 Trillion in Capital, N1.2 Trillion from Foreign Investors
Nigerian banks have successfully raised N4.61 trillion in fresh capital as part of the ongoing banking sector recapitalisation programme, with…
Nigeria’s Banking System Liquidity Holds Above ₦8 Trillion Despite ₦2.36 Trillion CBN OMO Mop-Up
Nigeria’s banking system liquidity held steady above ₦8 trillion despite a ₦2.36 trillion Open Market Operations (OMO) mop-up by the…
CBN Governor Cardoso Urges Stronger Cross-Border Cooperation Among African Regulators
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has called for deeper collaboration among African financial…
$6B Funding Gap Threatens Nigeria’s Oil Output Surge and Crude Supply to Dangote Refinery
Nigeria’s ambition to rapidly increase oil production could be hampered by a staggering $6 billion capital shortfall, industry experts have…
CBN Approves 100% Forex Repatriation for Oil Companies in Major Market Reform
The Central Bank of Nigeria (CBN) has approved the full repatriation of foreign exchange earnings for International Oil Companies (IOCs),…
Dangote Refinery Receives Only 5 Crude Cargos Monthly Amid Crude-for-Naira Shortfall
The Chief Executive Officer of the Dangote Refinery, David Bird, has raised alarms over a significant shortfall in crude oil…
Domestic Investors Drive 78% Surge in NGX Turnover to N1.5 Trillion
The Nigerian Exchange Limited (NGX) witnessed a remarkable surge in market activity in February 2026, with total turnover jumping by…
SEC Partners with National Orientation Agency to Fight Ponzi Schemes in Nigeria
The Securities and Exchange Commission (SEC) has signed a memorandum of understanding (MoU) with the National Orientation Agency (NOA) to…
NGX Market Dips to N128.98tn as Banking Stocks Fuel Investor Caution
The Nigerian equities market reversed its recent gains on Wednesday, as sustained profit-taking in major banking stocks dragged the benchmark…
Top Nigerian Stock Picks This Week: UBA, NPF Microfinance Bank, Lafarge Lead the Market
Nigerian stocks posted a 1.4% gain this week despite shorter trading sessions due to the Eid-el-Fitr public holidays on Thursday…
Emerging AI Jobs in Nigeria Open Doors for Young Professionals
As artificial intelligence (AI) transforms industries worldwide, Nigeria is quietly stepping into the global AI economy through the rise of…
Middle East Crisis Pushes Brent Oil Above $100: Nigerians Face Rising Fuel Costs
The ongoing crisis in the Middle East continues to push global energy prices higher, with Brent crude oil surging past…
Nigeria $2 Billion Fibre Project Gets $6.1 Million Boost for Experts to Expand Broadband Access
The federal government of Nigeria is fast-tracking a $2 billion nationwide fibre-optic expansion, earmarking $6.1 million for consultancy services to…
New Tax Law Raises Bar for Professionals, Redefines Tax Practice in Nigeria
The enactment of Nigeria’s new tax reform laws has significantly raised the importance of certified tax professionals in the country’s…
Rebuilding Nigeria’s Commodities and Futures Exchange: Key to Economic Diversification
Nigeria’s ambition to diversify its economy beyond oil has placed agriculture, solid minerals, and manufacturing at the center of policy…
Nigerian Equities Surge N1.086 Trillion as Banking and Large-Cap Stocks Drive Market Rally
The Nigerian equities market recorded a significant boost on Tuesday, advancing by N1.086 trillion as renewed investor interest in select…
FG and NGX Champion Women’s Participation in Nigeria’s Capital Market
The federal government and the Nigerian Exchange Group (NGX) are intensifying efforts to boost women’s participation in Nigeria’s capital market,…
Africa Must Strengthen Industrial Cybersecurity Amid Rising Digital Threats
As Africa’s industrial market grows, cybersecurity experts are urging companies to upgrade their digital defenses. The continent’s cybersecurity market, valued…
Cardoso Calls for African Financial Regulators to Unite Against Rising Cross-Border Risks
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called on African financial regulators to strengthen collaboration…
Nigeria Needs $100bn Investment to Achieve Reliable Electricity, Says FG
Nigeria requires more than $100 billion in investments across its power sector to ensure a reliable, round-the-clock electricity supply, the…
NNPC to Increase Oil Production by 100,000 BPD Amid Global Energy Pressures
Nigeria’s state oil company, the Nigerian National Petroleum Company Limited (NNPC), is set to increase its oil output by approximately…
Naira Weakens to N1,383.5/$ as External Reserves Fall to $49.6 Billion
The Nigerian naira recorded a slight depreciation on Tuesday, settling at N1,383.5 per dollar, compared to N1,383/$ on Monday, as…
CBN Orders IMTOs to Open Naira Settlement Accounts to Boost FX Transparency
The Central Bank of Nigeria (CBN) has directed all International Money Transfer Operators (IMTOs) to open and maintain naira settlement…
Low-Priced Tech Stocks Drive NGX Gains in 2026 Amid Investor Shift
Smaller, low-priced technology stocks are emerging as standout performers on the Nigerian Exchange (NGX) in 2026, signaling a shift in…
Federal Government Inaugurates New PenCom Board to Safeguard N28 Trillion Pension Assets
The federal government has officially inaugurated the new governing board of the National Pension Commission (PenCom), charging its members with…
CBN Targets 6–9% Inflation Amid Global Risks: Strengthens Monetary Policy Framework
The Central Bank of Nigeria (CBN) has announced a medium-term inflation target of 6–9 per cent as part of its…
Tinubu, Barbadian PM to Lead Inaugural Niger Delta Economic and Investment Summit
President Bola Tinubu and the Prime Minister of Barbados, Hon. Mia Amor Mottley, are set to attend the inaugural Niger…
Petrol Hits N1,400/Litre: NLC, OPS Demand Urgent Government Action Amid Fuel Crisis
The Organised Private Sector (OPS) and the Nigeria Labour Congress (NLC) have urged the Federal Government to act immediately as…
Nigeria Tops Africa’s $2.1 Billion AI Surveillance Spending with $470 Million Investment
Nigeria has emerged as Africa’s largest investor in artificial intelligence (AI)-powered surveillance, committing over $470 million to smart city technologies.…