Oil Price Surge Boosts Naira Stability and Strengthens Nigeria’s FX Reserves
Nigeria is witnessing a renewed boost to its foreign exchange reserves and naira stability, thanks to surging global oil prices.…
Category: Local
SEC Launches FinTech Clinic to Crack Down on Unregistered Digital Platforms in Nigeria
The Securities and Exchange Commission (SEC) has taken a proactive step to regulate Nigeria’s rapidly expanding financial technology sector with…
Nigeria’s 4.07% GDP Growth Strengthens Economic Shield Amid Middle East Oil Crisis
Nigeria’s robust economic performance is positioning the country to withstand potential shocks from rising tensions in the Middle East. Finance…
AI-Driven Fraud Surges in Africa’s Fintech Sector: Nigeria Leads Fight Against Cybercrime
Artificial intelligence-driven fraud is rapidly escalating across Africa’s fintech sector, alarming regulators and industry experts about the sophistication of cybercriminal…
Nigeria Non-Oil Exports Hit N12.36 Trillion in 2025 as Economy Diversifies Beyond Crude
Nigeria’s non-oil exports reached N12.36 trillion in 2025, marking a significant milestone in the country’s effort to diversify its economy…
Tinubu Meets Taiwo Oyedele to Drive Fiscal and Tax Reforms in Nigeria
President Bola Tinubu yesterday welcomed Taiwo Oyedele, the Minister of State for Finance-designate, at the State House, in a clear…
Aradel and FTG Insurance Propel Nigerian Stock Market to N31.23bn in Trading Surge
The Nigerian stock market opened the second week of March with a strong performance, as heavy trading activity lifted total…
Why the Naira May Hover Around N1,400: Insights into Nigeria’s Currency Outlook
Nigeria’s Naira has returned to the N1,400 mark, reversing the optimism seen just weeks ago when many believed the currency…
Conoil, NGX Group, and Oando Boost Nigerian Stock Market by N147bn
The Nigerian stock market kicked off the week on a strong note on Monday, recording a total gain of N147…
SEC Calls for Stronger Women Participation in Nigeria’s Capital Market
The Securities and Exchange Commission (SEC) has called for stronger participation of women in Nigeria’s capital market, highlighting their vital…
NSE Futures Margins Increased as Derivatives Trading Hits Record KSh 140.9 Million-Kenya
The Nairobi Securities Exchange (NSE) has announced a significant revision of futures margins following a record surge in derivatives trading.…
Kenya’s Financial System Liquidity Hits Record KSh6 Trillion, Driven by Banking Sector Growth
Kenya’s financial system has hit a historic milestone, with total liquidity surpassing KSh6 trillion for the first time. According to…
AfDB Launches $25 Trillion Aviation Investment Plan to Boost Africa’s Air Travel Market
The African Development Bank Group (AfDB) has unveiled a continent-wide financing platform aimed at transforming Africa’s fast-growing air travel market…
Manufacturing VAT Surges 54.7% to N875bn in 9 Months as Nigeria’s Industrial Sector Boosts Non-Oil Revenue
Nigeria’s manufacturing sector has significantly boosted Value Added Tax (VAT) revenue, with payments reaching N875.420 billion in the first nine…
Nigeria Aims to Surpass $48.3 Billion in Trade Deals at Intra-African Trade Fair 2027
Nigeria is preparing to host the fifth edition of the Intra-African Trade Fair (IATF) in Lagos from November 5 to…
Ghana’s Economy Shows Signs of Recovery as Cedi Stabilizes and Inflation Falls – BoG Governor
Ghana’s economy is showing clear signs of recovery after a challenging period of high inflation and currency instability, the Governor…
Nigeria’s Stock Market Surges in Dollar Terms Amid Global Tensions
Nigeria’s equity market continues to shine as a relative safe haven, extending its gains even as global tensions rise. According…
Market slows as Dangote hikes petrol, diesel to N1,175/N1,620
Nigeria’s petroleum market faced renewed uncertainty on Monday after Dangote Petroleum Refinery increased ex-depot prices of petrol and diesel to…
Dangote Refinery Buys Nigerian Crude at International Prices, Fuel Costs Remain High
The Managing Director and CEO of Dangote Petroleum Refinery, David Bird, has explained why Nigerian fuel prices are unlikely to…
Nigerian DisCos Generate N2.3tn Revenue in 2025 Despite Persistent Power Outages
Nigeria’s electricity distribution companies (DisCos) generated a combined N2.33 trillion in revenue in 2025, even as millions of consumers continued…
NNPC Posts N385bn Profit as Oil Production Rises to 1.64mbpd
The Nigerian National Petroleum Company Limited reported a profit after tax of N385 billion in January 2026, supported by a…
Global Investors Flock to Nigeria as Growth Potential Surges
Nigeria is rapidly emerging as a prime destination for global investors, with the country’s strategic push toward becoming a $1…
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…
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…