BUA Foods approves N504b dividend, unveils expansion plan to boost food security
BUA Foods Plc has approved a massive N504 billion dividend for shareholders while unveiling an ambitious expansion plan designed to…
Category: Local
NGX Major Deals Hit N32.73 Billion as First HoldCo and Seplat Lead Market Rebound
The Nigerian Exchange (NGX) witnessed a surge in high-value transactions on Tuesday, with major deals totaling approximately N32.73 billion across…
World Bank: 79% of Nigerians Still Face Poverty Despite Economic Reforms
Despite nearly three years of major economic reforms by the Federal Government, the World Bank has revealed that about 79…
Nigeria Tax Revenue Jumps to N21.6 Trillion in H1 2026 as Economic Reforms Deliver Results
Nigeria’s tax revenue recorded a remarkable boost in the first half of 2026, reaching N21.6 trillion and marking a 49…
CBN Rate Hike Looms as Pre-Election Spending Raises Inflation Concerns
Nigeria’s financial markets could face a significant shift in the coming months as experts warn that the Central Bank of…
NGX Gains N390bn as Banking Stocks Drive Market Rally Despite Weaker Trading Activity
The Nigerian Exchange (NGX) extended its bullish run on Wednesday, adding a remarkable N390.32bn to investors’ wealth as strong demand…
Tinubu Says Economic Reforms Are Driving Nigeria’s Steady Growth as Deloitte Backs Recovery Efforts
President Bola Tinubu has expressed confidence that Nigeria’s economy is on a path of steady growth, stating that the reforms…
FG inaugurates advisory committee to drive economic reforms
The Federal Government has taken another significant step in its economic reform agenda with the inauguration of a Ministerial Advisory…
Dangote Refinery Shields Nigerians from Global Fuel Price Shock, Says S&P Global
Dangote Petroleum Refinery is playing a crucial role in protecting Nigerians from the impact of rising global fuel prices, according…
Stock Buy Recommendations: Zenith, UBA and Access top Brokers’ list
Nigeria’s stock market is showing strong signs of recovery after a sharp sell-off in June 2026 wiped out more than…
Nigeria Foreign Reserves Surge to $51.86 Billion, Highest Level Since 2009 as Investor Confidence Grows
Nigeria’s foreign reserves have reached an impressive $51.86 billion, marking the highest level recorded in more than 17 years and…
Nigeria Inflation Rate Drops to 15.91% in June as Food Prices Continue to Climb
Nigeria’s inflation rate recorded a marginal decline in June 2026, offering a glimmer of relief for consumers and businesses navigating…
BREAKING: Nigeria’s inflation eases to 15.91% in June despite rising food prices
Nigeria’s headline inflation rate edged lower to 15.91% in June 2026, compared to 15.93% recorded in May, according to the…
FTSE Russell Delays Nigeria Frontier Market Reclassification Amid T+1 Settlement Concerns
Nigeria’s hopes of reclaiming its position in the global Frontier Market Index have hit a temporary roadblock after FTSE Russell…
CBN Signals High Interest Rates May Persist as Reform Gains Boost Investor Confidence
The Central Bank of Nigeria (CBN) has indicated that high interest rates could remain in place for longer as policymakers…
Top Shariah-Compliant Mutual Funds in Nigeria Spark 74% Asset Surge in H1 2026
Ethical investing is no longer just a niche moral choice in Nigeria—it is officially a highly lucrative wealth strategy. Fresh…
Nigerian Stock Market Rebounds as Market Capitalisation Surges by N719bn
After two consecutive days of losses, the Nigerian stock market staged a strong comeback on Tuesday, delivering a significant boost…
Federal Govt Inaugurates Joint Decarbonisation Group For Oil, Gas Sector
Nigeria has taken a major step toward balancing economic growth with climate responsibility following the inauguration of the Joint Decarbonisation…
NGX Loses N1.32 Trillion as Profit-Taking Triggers Broad Market Sell-Off
The Nigerian Exchange (NGX) started the week on a bearish note as investors wiped off an estimated N1.32 trillion from…
NGX Rebounds by N719 Billion as FirstHoldCo and MTN Nigeria Lead Market Recovery
The Nigerian Exchange (NGX) staged a strong comeback on Tuesday, adding N719 billion to its market capitalisation as renewed investor…
Dangote’s Dollar Fuel Pricing Sparks Fresh Pressure on Naira and Pump Prices
Nigeria’s downstream petroleum sector is facing fresh uncertainty following Dangote Petroleum Refinery’s decision to price refined petroleum products in U.S.…
DMO Opens N1.2 Trillion Bond Auction as Federal Government Seeks Investor Subscriptions
The Debt Management Office (DMO) has announced the opening of subscriptions for a N1.2 trillion federal government bond auction, providing…
Nigeria Oil Sector Reforms: IPPG Pushes for Coordinated Action to Boost Global Competitiveness
Nigeria’s oil and gas industry has been urged to embrace a new wave of coordinated reforms aimed at transforming the…
Nigerian Stock Market Loses N1.32 Trillion as Investor Risk Aversion Deepens Sell-Off
The Nigerian stock market suffered a significant setback on Monday as heightened investor caution erased N1.32 trillion from the Nigerian…
Dangote Refinery Switches to Dollar Pricing, Ends Naira Payments for Petrol Sales
Dangote Petroleum Refinery has officially ended naira-denominated transactions for the sale of petrol, diesel, and aviation fuel, marking a significant…
TotalEnergies Demands Nigeria’s Gas Potential Unlocked For Domestic Market, Exports
Nigeria is sitting on an energy goldmine, and the world is officially knocking on its door. At the 25th Nigeria…
Nigeria Overnight Funding Market Hits Record N97.45 Trillion as NOFR Holds Steady at 22%
Nigeria’s overnight funding market reached a historic milestone in June 2026, with total transaction volumes climbing to a record N97.45…
Balanced AI Regulation Key to Unlocking Nigeria’s Digital Economy, Experts Say
Nigeria’s push toward a thriving digital economy received a major boost as experts at the 2026 AI Summit in Lagos…
Nigeria FX Market Turnover Drops 46.57% to $1.63 Billion as Trading Activity Slows
Nigeria’s FX market turnover recorded its steepest weekly decline of 2026, falling by 46.57% to $1.63 billion in the week…
NGX Profit Taking Erases N1.32 Trillion in Massive Monday Sell-Off
It was a bruising start to the trading week on the Nigerian Exchange (NGX) as a heavy wave of profit-taking…