No Decision Yet on Disputed Oil Wells Reallocation, Confirms RMAFC
The federal government has not made any decision on the reallocation of disputed crude oil wells between Nigeria’s oil-producing states,…
Category: Local
NNPCL Signs MoU with China Gas to Boost Domestic LNG and Power Infrastructure
The Nigerian National Petroleum Company Limited (NNPCL) has taken a significant step to strengthen Nigeria’s domestic energy infrastructure by signing…
Brent Crude Trades $67.78, $3 Above Nigeria’s 2026 Oil Benchmark Amid Geopolitical Tensions
Global oil markets opened the week with Brent crude trading at $67.78 per barrel on Monday, holding about $3 above…
Nigeria’s Inflation Set to Hit 18% in January, Analysts Warn of Temporary Spike
Analysts have projected that Nigeria’s headline inflation could climb to around 18 per cent in January 2026, defying the downward…
Nigeria Rules Out Public Funding for National Carrier, Urges Private Investors
The federal government has confirmed that it will no longer allocate public funds to establish a national carrier, signaling a…
SEC Partners with NOA to Combat Illegal Investment Schemes in Nigeria
The Securities and Exchange Commission (SEC) has announced a strategic partnership with the National Orientation Agency (NOA) to educate Nigerians…
Banks Rush to Complete Mergers and Acquisitions Ahead of CBN March 31 Recapitalisation Deadline
Nigeria’s banking sector is entering a high-stakes phase as the Central Bank of Nigeria’s (CBN) March 31 recapitalisation deadline looms.…
NNPC Revenue Surges to N60.5 Trillion in 2025, Profit Hits N5.7 Trillion
The Nigerian National Petroleum Company Limited (NNPC) has reported a remarkable N60.5 trillion in revenue for 2025, alongside a profit…
Nigeria’s Capital Importation Hits Six-Year High of $16.7bn in First Nine Months of 2025
Nigeria’s capital importation surged to a six-year high, attracting a total of $16.7 billion in the first nine months of…
Long-Term Stock Investment: The Key to Lasting Wealth for Nigerian Households
Experts at the 5th edition of the Blakey National Economic Conference in Lagos have highlighted stock investment as the most…
Telecom FDI Surges to $208.5 Million in Q3 2025 Amid Regulatory Boost
Foreign direct investment (FDI) into Nigeria’s telecommunications sector rebounded strongly in the third quarter of 2025, according to the latest…
Nigeria Business Events This Week: January Inflation Report and Circular Economy Week in Focus
Nigeria’s business calendar is packed with high-profile events from February 16 to 21, offering insights into the country’s economic trends,…
Pension Reforms Spark NGX Rally as Market Gains N6.79tn in Historic 6.16% Surge
Nigeria’s stock market delivered one of its strongest weekly performances in recent memory after sweeping pension reforms triggered a wave…
Tax Reforms to Modernise Nigerian Economy – Iyabo Masha Ahead of G-24 Meeting
Nigeria tax reforms will play a central role in modernising the economy and strengthening public finances, according to Iyabo Masha,…
Lagos Lists N244.8bn Bonds on NGX to Boost Infrastructure and Green Projects
The Lagos State Government has officially listed two major bond instruments worth N244.815bn on the Nigerian Exchange Limited, reinforcing its…
CBN Imposes Up to N10 Million Fines for Cheque Security Violations in Nigeria Focus Keyphrase:
The Central Bank of Nigeria (CBN) has announced a major overhaul of penalties for banks and cheque printers that breach…
Naira Strengthens to N1,430/$ at Parallel Market as CBN Boosts Liquidity
The naira strengthened to trade between N1,425 and N1,430 per dollar at Nigeria’s parallel market following the Central Bank of…
Lagos State Secures AA-(NG) Rating on ₦230 Billion Bond Issue to Boost Infrastructure
Lagos State has successfully secured an AA-(NG) national scale rating with a stable outlook from Global Credit Rating (GCR) for…
Nigerian Equities Market Gains N283bn as Strong Buy-Side Support Drives Optimism
The Nigerian equities market continued its upward momentum yesterday, recording a significant N283 billion gain, underpinned by strong buy-side support…
Nigeria Must Act Fast to Harness AI: Adeoye Abodunrin Warns of Economic Risks
Artificial intelligence (AI) is no longer a distant possibility—it is transforming economies, industries, and the way work is done. Speaking…
CBN Imposes N10 Million Fine on Banks Using Unaccredited Cheque Printers
The Central Bank of Nigeria (CBN) has taken a firm stand on cheque security by imposing a N10 million fine…
NBET Budget Release 2025 Falls Far Short: Only N60 Million Released from N858 Billion Allocation
The Nigerian Bulk Electricity Trading (NBET) Plc has revealed that only N60 million was released from its N858 billion capital…
Seplat Leads NGX Rally as Nigerian Exchange Hits 441-Point Gain
The Nigerian Exchange (NGX) extended its winning streak on 12 February 2026, closing 441.3 points higher at 178,625.6. This 0.25%…
BOI Disburses N636bn in 2025, Tinubu Says Reforms Driving Nigeria’s Economic Growth
President Bola Ahmed Tinubu has praised the Bank of Industry (BOI) for achieving a historic N636 billion in loan disbursements…
Nigeria’s Telecom Policy Overhaul Drives $1 Billion Private Investment in Digital Infrastructure
Nigeria’s revamped telecommunications policies are paying off, attracting more than $1 billion in private investment, the Minister of Communications, Innovation,…
Nigeria’s Trade and Investment Soars: FG Reports $21bn Capital Inflows in 2025
The Federal Government of Nigeria is stepping up its trade and investment agenda after a remarkable rebound in 2025, with…
Nigerian-American Chamber Summit 2026 Aims to Boost Economic Stability in Nigeria
The Nigerian-American Chamber of Commerce (NACC) is set to host its 2026 Annual Breakfast Roundtable in Lagos, targeting strategies for…
Dollar Inflows Surge to $3 Billion in January, Boosting Hopes for Nigerian Interest Rate Cut
Nigeria may be on the verge of easing its high interest rates as improved foreign exchange (FX) liquidity strengthens investor…
CBN Recalibrates BDC Guidelines to Strengthen Nigeria’s Forex Market
The Central Bank of Nigeria (CBN) has announced recalibrated guidelines for licensed Bureau De Change (BDC) operators, signaling a new…
NNPC 2025 Revenue Hits N60.5 Trillion as N14.7 Trillion Remitted to Federation Account
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a remarkable N60.5 trillion in total revenue for 2025, remitting…