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Local Petrol Maintains N46 Price Advantage Over Imports as Dangote Refinery Cuts…
Locally refined petrol has maintained a price advantage over imported Premium Motor Spirit (PMS), with industry…
OPEC Maintains September Oil Production Levels for October 2026
The Organisation of the Petroleum Exporting Countries (OPEC) and its allies have agreed to maintain their September…
OPEC+ Pauses Oil Output Hikes After Four Straight Monthly Increases
OPEC+ has paused its recent oil production increases, keeping output levels unchanged for October 2026 after four…
Nigeria’s Overnight Rate Rises to 22.20% as CBN Liquidity Drain Tightens Market
Nigeria’s overnight lending rate has climbed to 22.20 per cent as tighter liquidity conditions in the banking…
NGX ETFs Suffer August Setback as SIAML Pension ETF 40 Crashes 43.86% Amid Market…
Nigeria’s Exchange Traded Funds (ETFs) market experienced a sharp pullback in August 2026, reversing much of the…
Ghana’s Internet Banking Transactions Surge 80.7% to GH¢383.82bn as Cheque Use…
Ghana’s move towards a cash-lite economy is gathering pace, with internet banking transactions surging to GH¢383.82…
Nigerians Pay N1.2trn for Electricity in Six Months as DisCos’ June Revenue Drops
Electricity consumers across Nigeria paid about N1.2 trillion for power consumed between January and June 2026,…
NNPC Profit Falls 47.9% to N279bn as July Revenue Drops to N3.09trn
The Nigerian National Petroleum Company Limited (NNPCL) recorded a sharp decline in profitability in July 2026, as…
Crude Oil Price Hits $96.98 as Nigerian Marketers Review Petrol Pump Prices
Crude oil prices are edging closer to the $100 per barrel mark, with Brent crude rising to $96.98 per barrel on…
Nigerians Spend N11.3tn on Petrol in Seven Months as Consumption Drops
Nigerians spent a staggering N11.3tn on petrol between January and July 2026, even as the volume of fuel consumed…
Nigeria’s Financial Sector Growth Slows to 9.29% Despite N5.3trn Recapitalisation
Nigeria’s financial sector is yet to fully feel the impact of more than N5.3 trillion in fresh capital, as…
Dangote Refinery IPO to Open Within 12 Days, Could Raise $5 Billion
The long-awaited Dangote Refinery IPO could open within the next 10 to 12 days, as Africa’s largest oil refinery…
Naira Hits Two-Year High at N1,322/$ as Dollar Supply Boosts FX Market
The Nigerian naira has climbed to a two-year high, settling at around N1,322/$ in the official foreign exchange…
Seplat Energy, UPDC Lead N238bn NGX Market Rebound as Investors Return to Equities
The Nigerian Exchange (NGX) staged a modest rebound on Thursday, with investors returning to…
FTSE Russell Lists 31 Nigerian Stocks Including Dangote Cement, MTN, Zenith Bank…
FTSE Russell has listed 31 Nigerian companies in its Frontier Index Series, bringing some of the country’s biggest…
7 Global Companies That Have Scaled Back or Exited Nigeria Under Tinubu
Several global companies have exited Nigeria, halted local production or significantly scaled back their operations…
Nigeria’s 4.43% GDP Growth Masks Deep Industrial Crisis, MAN Warns
Nigeria’s economy grew by 4.43 per cent in the second quarter of 2026, but the latest figure may not tell the full…
Bolt, inDrive Move to Grab Uber’s Market Share After Nigeria Exit
The race for Nigeria’s ride-hailing market is heating up as Bolt and inDrive move to strengthen their operations…
Currency Outside Banks Falls to N4.8tn in July, Lowest in Eight Months
Currency outside Nigerian banks fell to N4.8 trillion in July 2026, its lowest level in eight months, as cash held…
Nigeria’s Economic Activity Expands for Third Month as CBN Composite PMI Hits 52.7
Nigeria’s economic activity continued its recovery in August 2026, expanding for the third consecutive month as the…
OB3 Pipeline Ready for First Gas as AKK Reaches 95% Completion – NNPC
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced major progress on two of Nigeria’s key gas…
Nigeria Imports 245m Litres of Diesel as Modular Refineries Struggle to Meet…
Nigeria imported 244.9 million litres of diesel in July 2026 as modular refineries struggled to significantly…
Private Sector Credit Hits N83.43tn Despite High Interest Rates
Nigeria’s private sector credit rose to N83.43tn in July 2026, showing that businesses and other private-sector…
Dangote Says Tinubu Reforms Are Driving Refinery Growth, Investor Confidence
Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, has linked the growing…
World Bank Backs Nigeria’s Electricity Tariff, Subsidy Reforms to Fix Power Sector
The World Bank has thrown its weight behind Nigeria’s electricity tariff and subsidy reforms, saying the changes…
Nigeria’s Eurobond Yields Rise to 8.2% as Investors Demand Higher Sovereign Risk…
Nigeria’s Eurobond yields have climbed as high as 8.2 per cent, signalling that international investors are still…
SEC Proposes N3bn Minimum Capital for Forex Brokers, N5bn for Trading Platforms
The Securities and Exchange Commission (SEC) has proposed sweeping new rules for Nigeria’s online forex and…
Nigerian Stocks Lose N41 Billion as Large-Cap Shares Drag NGX Lower
Nigerian stocks lost about N41 billion in market value on Wednesday as sell-offs in major large- and…
NGX Megacaps Add N46.69 Trillion in Market Value in Eight Months of 2026
Nigeria’s biggest listed companies have delivered a major boost to the Nigerian Exchange (NGX), with nine megacap…
Uber shuts down operations in Nigeria
Global ride-hailing company Uber has announced plans to wind down its operations in Nigeria and Uganda, effective…