Nigerian Stocks Surge as Police, Market Leaders Unite to Boost Investor Confidence
Nigerian stocks surged on Wednesday, posting the strongest single-day gains in recent weeks, as investors reacted positively to a renewed…
Category: Local
Naira Strengthens to N1,359/$ Amid Improved Market Confidence
Nigeria’s naira recorded a modest appreciation in mid-week trading, closing at N1,359 per US dollar at the official foreign exchange…
Nigeria Adds 10.3 Million New Phone Users as Teledensity Rises to 82.8%
Nigeria’s telecommunications sector recorded significant growth in 2025, with about 10.3 million telephone users connected and reconnected, bringing the total…
CBN Reforms and Rising Oil Prices Boost Nigeria’s FX Outlook
Nigeria’s foreign exchange environment is showing signs of a sustained recovery as reforms by the Central Bank of Nigeria (CBN)…
NNPC Targets Foreign Refinery Partners as Dangote Refinery Offers Lifeline
Nigeria’s long-troubled state-owned refineries may be heading for a fresh start as the Nigerian National Petroleum Company Limited (NNPC) opens…
International Breweries Returns to Profitability with N85.1bn Full-Year Profit in 2025
International Breweries Plc has completed a strong financial comeback, reporting a profit before tax of N85.1 billion for the 2025…
11 Million New Contributors Drive N4.5trn Pension Growth as Assets Hit N27.45trn
Nigeria’s pension industry recorded one of its strongest performances in 2025, with assets under management rising by about ₦4.5 trillion…
Nigeria Targets $100 Billion Annual Investments in Agribusiness to Drive Economic Growth
The Nigerian government has announced ambitious plans to attract $100 billion in annual private investments into the agribusiness sector, highlighting…
UBA Appoints Loknath Mishra as CEO of UK Subsidiary to Strengthen Africa-Global Financial Ties
United Bank for Africa (UBA) has named Loknath Mishra as the new Chief Executive Officer of its United Kingdom subsidiary,…
Banking Stocks Boost NGX Market Cap by ₦340bn as Industrial Shares Rally
The Nigerian Exchange (NGX) recorded a significant boost on Tuesday as banking stocks and select industrial equities drove the market…
Jaiz Bank Earnings Surge to N31.04bn on Strong Financing and Investment Growth
Jaiz Bank Plc has reported a significant rise in its earnings, posting a profit of N31.04bn for the 2025 financial…
Transcorp Hotels Reports N32.8 Billion Profit in FY2025, Declares N1.20 Final Dividend
Transcorp Hotels Plc has announced a strong finish to 2025, posting a full-year pretax profit of N32.8 billion, marking a…
Tinubu Pledges Continuation of Nigeria Economic Reforms as World Bank Applauds Policy Consistency
President Bola Ahmed Tinubu has reiterated that there is “no turning back” on Nigeria’s economic reform agenda, even as the…
Nigeria to Power Africa’s Growth Through Gas: NNPC Unveils $60bn Investment Plan
Nigeria is positioning itself as a key driver of Africa’s economic and industrial future by leveraging its abundant gas resources.…
Tinubu: Reforms Drive $8bn FIDs and $10bn Capital Inflows in Nigeria’s Oil & Gas Sector
President Bola Tinubu has hailed recent reforms in Nigeria’s oil and gas sector as transformative, saying they have ended years…
New Tax Reforms Set to Boost Nigeria’s Global GDP Share, Says Abdullahi Hashim
Nigeria’s recent tax reforms are positioning the country as a rising contributor to the global economy, with the International Monetary…
Nigeria Targets 7% Economic Growth by 2028 Through Structural Reforms, Says Finance Minister
Nigeria is positioning itself for stronger economic growth, with the Federal Government targeting a 7% expansion of the nation’s GDP…
Nigeria’s Mobile Internet Speeds Double in Two Years Amid 4G Expansion
Nigeria’s mobile internet experience has taken a major leap forward, with average download speeds more than doubling over the past…
TotalEnergies 2025 Results Raise Dividend Fears After First Loss in Six Years
TotalEnergies Marketing Nigeria Plc recorded its first major financial setback in six years in 2025, posting a pre-tax loss of…
Nigeria to Partner Global Allies on Clean Energy Transition — Tinubu
President Bola Tinubu has reaffirmed Nigeria’s commitment to working with African countries, global allies, and the private sector to deliver…
Government Securities Now Make Up 11% of Nigerian Banks’ Assets — S&P Warns of Sovereign Risk Exposure
Government securities now account for about 11 per cent of Nigerian banks’ total assets, highlighting years of constrained credit extension…
Nigeria Secures $18.2bn Oil Investments as 28 Field Development Plans Signal Sector Revival
Nigeria recorded a major turnaround in its oil and gas sector in 2025, securing $18.2bn in fresh investments following the…
How CBN Reforms Lifted Nigeria from EU High-Risk Financial List
For over a decade, Nigeria bore a costly global label as a “high-risk” country for money laundering and terrorism financing,…
NESG Appoints Transcorp CEO and Shell Executive to Strengthen Private-Sector Leadership
The Nigerian Economic Summit Group (NESG) has named two leading figures from the energy and corporate sectors to its Board…
Nigerians Warned of Epileptic Petrol Supply as Costs and Bank Debts Mount
Independent petrol marketers in Nigeria have cautioned that motorists may soon face an era of irregular or “epileptic” petrol supply.…
Dangote Group Expands Gas Supply Deals with NNPC Subsidiaries to Boost Industrial Growth
Three key subsidiaries of Dangote Industries Limited—Dangote Petroleum Refinery, Dangote Fertiliser Plant, and Dangote Cement Plc—have expanded their Gas Sales…
FG Raises N1.5 Trillion in 2026 First Bond Auction Amid Strong Investor Demand
The Federal Government of Nigeria raised a total of N1.5 trillion in its first bond auction of 2026, signaling strong…
Nigerian Stock Market Surges N6.8 Trillion in January as Blue-Chip Stocks Lead Recovery
The Nigerian Exchange Limited (NGX) started 2026 on a high note, adding N6.8 trillion or 6.8% to its market capitalization…
Nigerian Exchange Drops 549 Points as Investors Lose ₦300 Billion
Investors on the Nigerian Exchange (NGX) faced a sharp pullback on Wednesday, January 28, 2026, as the market shed 549.4…
Asia Markets Surge as Japan Hits Record High Amid U.S.-India Trade Deal
Asia-Pacific markets jumped on Tuesday as investor optimism returned, fueled by a fresh U.S.-India trade deal and strong Wall Street…