NGX Extends Bearish Trend as Market Cap Drops by N73.43bn Amid Profit-Taking
The Nigerian equities market extended its bearish trend on Wednesday as investors continued to take profits from banking and insurance…
Category: Local
Nigeria Targets 12% Annual Growth to Achieve $1 Trillion Economy
Nigeria will need to maintain annual economic growth of between 10 and 12 percent over the next decade if it…
NGX Loses N1.14tn as Major Stocks Trigger Broad Market Sell-Off
Sell-offs in key Nigerian stocks including BUA Foods Plc, MTN Nigeria Communications Plc, and Stanbic IBTC Holdings Plc triggered a…
FGN Bond Demand Hits N2.70 Trillion in February as Yields Drop
Investor interest in Federal Government of Nigeria (FGN) bonds surged in February 2026, with total subscriptions hitting N2.70 trillion, reflecting…
Banks Raise N4tn Ahead of CBN Recapitalisation Deadline, Boosting Investor Confidence
Nigerian banks have successfully raised N4.05 trillion in verified and approved capital as they approach the March 31, 2026, recapitalisation…
Investing in Early Childhood Key to Nigeria’s $1tn Economy by 2050 – World Bank
Nigeria’s ambition to become a $1 trillion economy by 2050 may rely more on its youngest citizens than previously recognized.…
Nigeria Moves to Democratize Dollar Savings and Investments for All Nigerians
The Nigerian government is stepping up efforts to make foreign-currency savings and investments more accessible to ordinary Nigerians, including those…
West African Regulators Must Harmonise Refinery Rules to Boost Energy Security
West African energy regulators face growing pressure to harmonise refinery standards and investment frameworks as the region prepares for a…
Dangote Refinery Achieves Fuel Self-Sufficiency, Set to Supply 65 Million Litres of Petrol Daily
Nigeria’s energy landscape is entering a new era as Dangote Petroleum Refinery & Petrochemicals announces it will supply between 60…
New crude grade to boost Nigeria’s output coming in March
Nigeria is set to expand its crude oil portfolio with the launch of a new light, sweet grade called Cawthorne,…
Nigerian Breweries Plc Honors Top Trade Partners at 2025 Distributor Awards
Nigerian Breweries Plc, the country’s leading brewing company, celebrated its outstanding trade partners at the 2025 Distributor Awards held at…
Aradel Leads N14.2 Billion Trading as Nigerian Stock Market Slips Below 195,000
The Nigerian Stock Market ended the week in the red as the All-Share Index (ASI) slipped 1,779 points to close…
Naira Slides to N1,359/$ After CBN Interest Rate Cut to 26.5%
The naira slid to N1,359 per dollar on Tuesday after the Central Bank of Nigeria (CBN) announced a 50 basis…
CBN Cuts Interest Rate to 26.5% as OPS Hails Move as Growth Signal
Nigeria’s apex bank has trimmed its benchmark lending rate in what business leaders describe as a cautious but encouraging step…
Dangote Refinery Signs 65 Million Litres Daily Petrol Distribution Deal with 12 Marketers
Nigeria’s fuel supply landscape is set for a major shift as the Dangote Petroleum Refinery has signed a landmark offtake…
NNPC to Export Cawthorne Crude in March as Nigeria Targets Higher Oil Output
Nigeria is set to commence exports of a new light, sweet crude grade known as Cawthorne in March, marking another…
Nigeria’s FX Reserves Rise to $50.4bn – CBN Governor Cardoso
Nigeria’s foreign exchange (FX) reserves have climbed to $50.45 billion, marking the highest level recorded in 13 years, according to…
Temi Popoola Urges Collaborative Efforts to Boost Sustainable Capital in Emerging Markets
Temi Popoola, Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group, has emphasized the need for closer…
PenCom Regulation Could Unlock N1.6 Trillion for Nigerian Equities in 2026
The National Pension Commission (PenCom) has unveiled a revised regulation allowing Pension Fund Administrators (PFAs) to expand equity investments across…
Nigerian Stock Market Gains N805bn as Market Capitalisation Hits N125.97 Trillion
The Nigerian stock market kicked off the week with a strong performance, extending its winning streak to four consecutive trading…
How Nigeria’s Naira Rally Can Be Sustained in 2026 – Expert Insights
Nigeria’s naira continues its impressive comeback, marking its strongest performance in 13 years with a 7.5 percent gain last year,…
Tinubu Defends Executive Order on Oil Revenue Amid Legal Controversy
President Bola Tinubu has defended his controversial Executive Order (EO9), which halts revenue deductions previously made by the Nigerian National…
Nigeria’s AI Industry Surpasses 120 Startups Amid Funding Challenges
Nigeria’s artificial intelligence (AI) ecosystem is rapidly expanding, now hosting over 120 active startups across sectors like healthtech, fintech, agritech,…
Top 10 Largest Companies in Nigeria by Market Value in 2026: MTN, BUA Foods, Dangote Cement Lead
The Nigerian Exchange (NGX) continues to showcase the strength of the country’s biggest firms, with the top 10 companies now…
Fiscal Reforms Drive Nigerian Capital Market Beyond N125 Trillion – Oyedele
Nigeria’s capital market has surged past N125 trillion, a milestone attributed to ongoing fiscal reforms aimed at strengthening investor confidence…
Global Mobility Boosts Nigeria’s Economy, Not Capital Flight — Optiva Capital Chairman
The rising trend of Nigerians seeking opportunities abroad is fueling economic growth rather than draining national resources, according to Mr.…
Naira Dips to N1,353.5/$ Ahead of 304th MPC Meeting
The Nigerian naira weakened slightly in the official foreign exchange market on Monday, closing at N1,353.5/$, up from N1,348/$ recorded…
NNPC Faces Liquidity Risks After Tinubu’s Oil Revenue Executive Order
Analysts have raised alarms over the potential liquidity crunch for the Nigerian National Petroleum Company Limited (NNPCL) following President Bola…
Nigerian Telecoms Rebound as Banks Settle N300bn USSD Debt, Boosting Investor Confidence
Investor confidence is returning to Nigeria’s telecommunications sector following the resolution of a long-standing N300 billion Unstructured Supplementary Service Data…
NGX Suspends Zichis Agro-Allied Trading Amid Investigation Over Surging Shares
The Nigerian Exchange Limited (NGX) has suspended trading in Zichis Agro-Allied Industries Plc shares, following unusually high price movements since…