FX Reforms Begin to Stabilise Nigeria’s Economy, Says NRS Chairman
Nigeria’s foreign exchange reforms are beginning to reshape the country’s economy, with the Chairman of the Nigeria Revenue Service, Zacch…
Category: Local
SEC Launches Nationwide Campaign to Help Nigerians Recover Unclaimed Dividends, Inherited Investments
The Securities and Exchange Commission (SEC) has launched a nationwide awareness campaign to help Nigerians recover unclaimed dividends and investments…
Tinubu unveils plan to double Nigeria’s $32bn livestock economy, promotes ranching, dairy investment
President Bola Tinubu has unveiled an ambitious plan to more than double Nigeria’s livestock economy from an estimated $32 billion…
Nigeria’s Consumer Credit Slumps by ₦939bn as High Rates Squeeze Households
Nigeria’s consumer credit market has suffered a major ₦939 billion decline, highlighting growing pressure on household spending and raising fresh…
Recapitalisation Row: FG Orders NAICOM to Suspend Disputed Insurance Fees
The Federal Government has stepped into a growing dispute between the National Insurance Commission (NAICOM) and two state-owned insurance companies…
Dangote Refinery Challenges NUPRC Over 15.5m Barrels of Crude Oil
A fresh dispute has emerged between the Dangote Petroleum Refinery and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) over crude…
NERC Dissolves Kaduna DisCo Board Over ₦456.5bn Debt Crisis
The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Plc (KAEDC) following a deepening financial…
NGX Sets New Equity Pricing Rules to Curb Market Distortions
The Nigerian Exchange Limited (NGX) is set to introduce a new equity pricing framework from August 17, 2026, in a…
SEC Urges FCTA to Tap N217trn Capital Market for Abuja Infrastructure
The Securities and Exchange Commission (SEC) has called on the Federal Capital Territory Administration (FCTA) to take advantage of Nigeria’s…
Fuel Subsidy Could Have Sent Naira to ₦3,500/$, NRS Chairman Says
Nigeria’s fuel subsidy could have ballooned to about ₦53 trillion and pushed the naira exchange rate to around ₦3,500 per…
Nigeria Moves to Tackle Crude Shortages as Refineries Face Supply Pressure
Nigeria is taking fresh steps to address crude oil supply shortages to local refineries, as the Nigerian Midstream and Downstream…
Nigeria Sets Sights on Africa’s $1tn AI Economy as GITEX NIGERIA Returns
Nigeria is making a stronger push to capture a larger share of Africa’s fast-growing artificial intelligence economy, with the government…
Hormuz Tensions Escalate as New Tanker Strike Report Sends Oil Markets on Edge
Tensions around the Strait of Hormuz have taken another worrying turn after reports emerged that a tanker was struck and…
FG Launches Bridge OA to Drive Nationwide Fibre Network Rollout
The Federal Government has taken a major step toward expanding internet access across Nigeria with the incorporation of Bridge Open…
Nigeria’s Oil Import FX Demand Soars 115% Despite Rising Local Refining
Nigeria’s foreign exchange demand for oil-sector imports jumped by 114.91 per cent to $4.86bn in 2025, underscoring the country’s continued…
Recapitalisation: Anxiety grows as NAICOM decides fate of eight insurers
Anxiety is building across Nigeria’s insurance sector as eight insurers remain under regulatory review, days after the National Insurance Commission…
Tinubu Backs NGX Push to Expand Capital Market, Attract New Listings
President Bola Tinubu has thrown his weight behind fresh efforts to expand Nigeria’s capital market, as the Nigerian Exchange Group…
CBN Cancels N700bn T-Bills Auction as Banking System Faces Liquidity Squeeze
The Central Bank of Nigeria (CBN) has cancelled its planned N700bn Treasury Bills auction, a move that has drawn attention…
Nigeria Spends N3.14trn Servicing Domestic Debt in Q1 2026 – DMO
Nigeria’s domestic debt bill continued to climb in the first quarter of 2026, with the Federal Government spending N3.14 trillion…
Nigeria’s Tax Revenue Soars to N27.1tn as Collections Jump 113%
Nigeria’s tax revenue has more than doubled in less than three years, climbing from N12.3tn in 2023 to N27.1tn by…
Financial, Oil Stocks Drive NGX Trading as Shares Worth N139bn Change Hands
Trading activity on the Nigerian Exchange (NGX) picked up in volume last week as investors exchanged 5.35 billion shares valued…
Fuel Subsidy Cost Nigeria N1.16tn in 2021 as Senate Panel Threatens Auditor-General
Nigeria’s fuel subsidy bill hit a staggering N1.16 trillion in 2021, as the Senate’s ongoing investigation into the oil and…
CBN Survey: Multiple Taxation Remains Nigeria’s Biggest Business Headache
Businesses across Nigeria are still struggling under the weight of multiple taxes and levies, despite the Federal Government’s sweeping tax…
Naira Holds Firm at N1,367/$ as CBN Steps Up Dollar Support
The Nigerian naira continued to show resilience in the foreign exchange market, trading around N1,367 to the US dollar as…
BOI Opens N250bn Bond Offer to Boost Business Funding Across Nigeria
The Bank of Industry (BOI) has opened subscriptions for a N250bn bond aimed at raising long-term funding for businesses and…
SEC Moves to Unlock Billions in Unclaimed Assets, Protect Investors
The Securities and Exchange Commission (SEC) is stepping up efforts to tackle Nigeria’s growing unclaimed financial assets with a new…
NGX Introduces New Stock Price Rules as Changes Take Effect August 17
The Nigerian Exchange Limited (NGX) is set to introduce a new pricing methodology for equities trading from August 17, 2026,…
BoG Orders Banks to Cut Bad Loans to 10% by December
The Bank of Ghana (BoG) has ordered banks and other regulated financial institutions to reduce their non-performing loans (NPLs) ratio…
GH¢2 Diesel Price Cut Won’t Reduce Government Revenue, Minister Explains
The government’s GH¢2 per litre reduction in diesel prices will not result in a loss of government revenue, Minister of…
Dangote Refinery Overtakes U.S. as Europe’s Biggest Jet Fuel Supplier
Dangote Petroleum Refinery has strengthened Nigeria’s position in the global energy market after emerging as Europe’s largest supplier of jet…