World Bank Endorses Nigeria’s Bank Recapitalisation to Boost Private Sector Growth
The World Bank has applauded the Central Bank of Nigeria’s (CBN) ongoing banking sector recapitalisation, calling it a crucial step…
Category: Local
SEC–NOA Partnership to Curb Illegal Investment Schemes in Nigeria
The Securities and Exchange Commission (SEC) has announced plans to collaborate with the National Orientation Agency (NOA) in a renewed…
Nigeria Blackout Fears Rise as Seplat Gas Plant Maintenance Threatens 934MW Power Shortfall
Fears of widespread electricity disruptions are mounting across Nigeria following the announcement of scheduled maintenance at a major gas facility…
Nigeria Underperforms OPEC Oil Quota for Sixth Straight Month Despite January Output Increase
Nigeria has once again fallen short of its crude oil production target set by the Organisation of the Petroleum Exporting…
NNPC Warns of Power Dip as Seplat Shuts Gas Plant for Maintenance
The Nigerian National Petroleum Company Limited (NNPC Ltd) has issued a power dip warning following the planned shutdown of a…
Nigeria’s 15% Minimum Effective Tax Rate Reshapes Investment Strategy for Large Companies
Nigeria has officially introduced a 15 percent Minimum Effective Tax Rate (ETR) for large domestic companies and multinational enterprises, marking…
Nigerian All-Share Index Hits Eight-Day Winning Streak as Transcorp Hotels Soars 9%
The Nigerian equities market maintained its bullish momentum on 11th February 2026, as the All-Share Index (ASI) rose 0.78% to…
NGX Shares Surge to N100 Amid Strong Governance and Market Reforms
The shares of the Nigerian Exchange Group (NGX) soared to N100 last Friday, marking a remarkable 43% year-to-date rally that…
Nigeria Revenue Service Sets Ambitious N40.7 Trillion Revenue Target for 2026
Nigeria Revenue Service (NRS) has unveiled an ambitious revenue target of N40.711 trillion for 2026, marking a 44% increase from…
Africa Must Unite to Unlock Energy Potential, Says NCDMB Executive Secretary
Africa’s energy sector could reach new heights if countries across the continent work together, according to Felix Ogbe, Executive Secretary…
Nigeria Records $21 Billion Capital Inflows in 10 Months as Investor Confidence Surges
Nigeria’s capital importation surged to $21 billion within the first ten months of 2025, marking a 75% increase from the…
African Families Struggle as Cost of Living Soars: Only 1 in 10 Nigerians Earn Above N1 Million
Across Africa, families are feeling the squeeze as the cost of living climbs, leaving households financially stretched and struggling to…
Nigeria’s Capital Importation Soars to $21 Billion in 10 Months of 2025, Signaling Investor Confidence
Nigeria witnessed a significant surge in capital inflows, recording approximately $21 billion in the first 10 months of 2025. This…
Nigeria’s Crude Oil Output Rises to 1.459 Million BPD in January 2026 Amid Ongoing Challenges
Nigeria’s crude oil production rose to 1.459 million barrels per day (bpd) in January 2026, reinforcing its position as Africa’s…
Dangote Refinery Receives 250,000MT of Crude and Feedstocks Amid Import Clarifications
Dangote Petroleum Refinery and Petrochemicals has taken delivery of approximately 250,000 metric tonnes of crude oil and intermediate feedstocks at…
Shared Gas Infrastructure Key to Africa’s Industrial Growth, Says NNPC
The Nigerian National Petroleum Company Limited (NNPC Ltd) has emphasised that shared gas infrastructure in Africa is vital to unlocking…
Dangote Refinery Hits Full Capacity of 650,000 bpd, Boosting Nigeria’s Energy Security
The Dangote Petroleum Refinery has officially reached its full nameplate capacity of 650,000 barrels per day (bpd), marking a historic…
Technology Key to Implementing New Tax Laws, Says Adedeji
The Executive Chairman of the Nigerian Revenue Service (NRS), Zacch Adedeji, has declared that technology will determine the success of…
Africa takes first step in handling credit rating biase – AFCRA
As the continent continues its march towards economic integration and resilience, the establishment of Africa Credit Rating Agency (AfCRA) represents…
Nigerian Stock Market Surpasses N111 Trillion on Dangote Cement Demand
The Nigerian Exchange Limited (NGX) reached a new milestone yesterday, with market capitalization crossing the N111 trillion mark, fueled by…
Nigeria to Launch Cybersecurity Framework to Combat Rising AI-Driven Attacks
The Federal Government of Nigeria has announced plans to implement a comprehensive cybersecurity framework this year aimed at tackling the…
NUPRC Launches 2025 Oil Licensing Round to Attract Global Investors
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on global investors to seize opportunities in its 2025 oil and…
Nigeria Revenue Service Sets Ambitious N40.7 Trillion Target After N28.3 Trillion Record in 2025
The Nigeria Revenue Service (NRS) has announced a record-breaking revenue collection of N28.3 trillion in 2025, surpassing the agency’s target…
NEC Calls for Unity and Delivery-Focused Reforms in Nigeria’s $1 Trillion Economy Drive
Nigeria’s drive to become a $1 trillion economy took center stage yesterday as the National Economic Council (NEC) concluded its…
BUA Foods Appoints Khalifa Rabiu as Chief Officer, Driving Global Procurement and Strategic Growth
BUA Foods Plc has appointed Mr. Isyaku Abdulsamad “Khalifa” Rabiu as Chief Officer, Global Procurement and Strategic Operations, effective January…
Nigerian Insurers’ Profits Plummet to N108.4bn Amid FX Volatility and Rising Claims
Nigeria’s insurance sector experienced a sharp downturn in profitability in 2025, as foreign exchange volatility, rising claims, and higher operating…
Naira Breaks Below N1,350/$ for First Time Since May 2024 Amid Rising Reserves
The Nigerian naira strengthened to N1,349.5 per US dollar on Tuesday, marking the first time it traded below the N1,350/$…
SEC Urges Nigerian Civil Servants to Invest in Capital Market for Wealth and Retirement Security
Nigeria’s Securities and Exchange Commission (SEC) has called on civil servants to actively engage in the capital market as a…
Dangote Reduces Petrol Price by N25 per Litre to Boost Local Refinery Competitiveness
Dangote Petroleum Refinery has announced a significant reduction in its petrol prices, slashing the gantry price of Premium Motor Spirit…
Nigeria Records $10.83bn Trade Surplus in 2025 Amid Rising Exports
Nigeria achieved a trade surplus of $10.83 billion in the first nine months of 2025, as exports of $44.06 billion…