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Category: Local

Manufacturing Sector Struggles Despite N1.17 Trillion VAT Contribution as Industry Leaders Demand Urgent Reforms
BusinessEconomyLocal

Manufacturing Sector Struggles Despite N1.17 Trillion VAT Contribution as Industry Leaders Demand Urgent Reforms

Nigeria’s manufacturing sector generated an impressive N1.17 trillion in Value Added Tax (VAT) revenue in 2025, representing a 45.61 percent…

byayotilewaJuly 14, 2026July 14, 2026
Negative sentiments resume as capitalisation dips by N1.32tr
BusinessLocal

Negative sentiments resume as capitalisation dips by N1.32tr

It was a bruising Monday for investors on the Nigerian Exchange (NGX) as a sudden wave of panic-selling wiped a…

byayotilewaJuly 14, 2026
Nigeria Crude Oil Production 2026 Soars to Highest Level in Over Six Years
BusinessEnergyLocal

Nigeria Crude Oil Production 2026 Soars to Highest Level in Over Six Years

Nigeria’s energy sector is humming with newfound energy as the nation’s crude oil production soared to an average of 1.56…

byayotilewaJuly 14, 2026
Stock market investors trade N220.6bn shares as banking sector dominate activity
BusinessLocalStock

Stock market investors trade N220.6bn shares as banking sector dominate activity

The Nigerian Exchange (NGX) turned into a bustling financial powerhouse this past week as stock market investors traded a massive…

byayotilewaJuly 14, 2026
Nigeria’s Stock Overtakes South Korea As World’s Best-Performing
BusinessEconomyLocal

Nigeria’s Stock Overtakes South Korea As World’s Best-Performing

Nigeria’s stock market has climbed to the top of the global rankings, emerging as the world’s best-performing equity market in…

byayotilewaJuly 10, 2026
Nigerian bourse overtakes South Korean equities to claim world’s best-performing stock market
BusinessLocalMarket

Nigerian bourse overtakes South Korean equities to claim world’s best-performing stock market

Nigeria’s stock market has claimed the title of the world’s best-performing equity market in dollar terms for 2026, surpassing South…

byayotilewaJuly 10, 2026
BusinessEconomyLocal

Nigeria will remain a lower-middle income economy in the World Bank’s 2027 fiscal year classification, underscoring both the country’s economic…

byayotilewaJuly 10, 2026
NGX Surges to Record N155.59tn as Investor Confidence Sparks Historic Market Rally
BusinessLocalMarket

NGX Surges to Record N155.59tn as Investor Confidence Sparks Historic Market Rally

The Nigerian Exchange (NGX) delivered another landmark performance on Wednesday, with market capitalisation soaring to an unprecedented N155.59 trillion as…

byayotilewaJuly 9, 2026
NGX Investors Gain N3.45 Trillion as Blue-Chip Stocks Drive Powerful Midweek Rally
BusinessLocalMarket

NGX Investors Gain N3.45 Trillion as Blue-Chip Stocks Drive Powerful Midweek Rally

The Nigerian stock market delivered a strong performance on Wednesday as investors recorded a massive N3.45 trillion gain, extending the…

byayotilewaJuly 9, 2026
Dangote Refinery Cuts Petrol Price Again as Rising Crude Oil Prices Threaten Market Stability
BusinessEnergyLocal

Dangote Refinery Cuts Petrol Price Again as Rising Crude Oil Prices Threaten Market Stability

The Dangote Petroleum Refinery has announced another reduction in its ex-depot price of Premium Motor Spirit (PMS), popularly known as…

byayotilewaJuly 9, 2026
S&P Places Nigeria on 2027 Watchlist for Frontier Market Return as Reforms Gain Global Recognition
BusinessLocalMarket

S&P Places Nigeria on 2027 Watchlist for Frontier Market Return as Reforms Gain Global Recognition

Nigeria’s efforts to rebuild investor confidence and strengthen its capital market have received a major boost as S&P Dow Jones…

byayotilewaJuly 9, 2026
NNPC Ends Crude-Backed Loans for Refineries, Pushes Port Harcourt and Warri Plants Toward Self-Sustainability
BusinessEnergyLocal

NNPC Ends Crude-Backed Loans for Refineries, Pushes Port Harcourt and Warri Plants Toward Self-Sustainability

The Nigerian National Petroleum Company Limited (NNPC) has unveiled a major shift in its refinery financing strategy, announcing that the…

byayotilewaJuly 9, 2026
CBN Warns Against Rejection of N100 Notes, Confirms Standard and Commemorative Versions Remain Valid
BankingBusinessLocal

CBN Warns Against Rejection of N100 Notes, Confirms Standard and Commemorative Versions Remain Valid

The Central Bank of Nigeria (CBN) has moved to end growing confusion surrounding the circulation of the N100 banknote, reaffirming…

byayotilewaJuly 9, 2026
Dangote Cement’s N753.8bn Dividend Set to Boost NGX as Investors Eye Market Rebound
BusinessLocalMarket

Dangote Cement’s N753.8bn Dividend Set to Boost NGX as Investors Eye Market Rebound

Investors on the Nigerian Exchange (NGX) are set for a major cash windfall as Dangote Cement Plc begins the distribution…

byayotilewaJuly 9, 2026
Nigerian Investors Pocket N3.45 Trillion as Stock Market Rally Extends, Boosting Market Confidence
BusinessLocalStock

Nigerian Investors Pocket N3.45 Trillion as Stock Market Rally Extends, Boosting Market Confidence

The Nigerian stock market delivered another impressive performance on Tuesday, adding N3.45 trillion to investors’ wealth as renewed buying interest…

byayotilewaJuly 9, 2026
NUPRC Awards 19 Oil Prospecting Licences as Nigeria Secures Fresh Upstream Investments
BusinessEnergyLocal

NUPRC Awards 19 Oil Prospecting Licences as Nigeria Secures Fresh Upstream Investments

Nigeria has taken another major step toward revitalizing its oil and gas industry as the Nigerian Upstream Petroleum Regulatory Commission…

byayotilewaJuly 9, 2026
IMF Warns Rising Food Prices Could Deepen Poverty in Nigeria Despite Stronger Economic Growth Outlook
BusinessEconomyLocal

IMF Warns Rising Food Prices Could Deepen Poverty in Nigeria Despite Stronger Economic Growth Outlook

The International Monetary Fund (IMF) has retained its forecast that Nigeria’s economy will grow by 4.1 percent in 2026, offering…

byayotilewaJuly 9, 2026
Dangote Refinery Launches Free Petrol Delivery to Abuja, Five States Amid Fuel Price Relief
BusinessEnergyLocal

Dangote Refinery Launches Free Petrol Delivery to Abuja, Five States Amid Fuel Price Relief

Dangote Petroleum Refinery has taken another significant step in Nigeria’s fuel market by launching free delivery of Premium Motor Spirit…

byayotilewaJuly 8, 2026
FGN Savings Bond Hits Record 15.716% Return as DMO Opens July 2026 Investment Window
BusinessFinanceLocal

FGN Savings Bond Hits Record 15.716% Return as DMO Opens July 2026 Investment Window

The Debt Management Office (DMO) has opened the July 2026 subscription window for the Federal Government of Nigeria (FGN) Savings…

byayotilewaJuly 8, 2026
Tinubu Tasks Afreximbank To Drive Africa’s Industrialisation
BusinessEconomyLocal

Tinubu Tasks Afreximbank To Drive Africa’s Industrialisation

President Bola Ahmed Tinubu has challenged the African Export-Import Bank (Afreximbank) to take a leading role in driving Africa’s industrial…

byayotilewaJuly 8, 2026
CBN Data Localisation Drive Opens New Opportunities as Galaxy Backbone Targets Banks, Fintechs
BankingBusinessLocal

CBN Data Localisation Drive Opens New Opportunities as Galaxy Backbone Targets Banks, Fintechs

As Nigeria pushes for greater control over its financial data, Galaxy Backbone (GBB) is positioning itself as a key partner…

byayotilewaJuly 8, 2026
Nigeria’s $25bn Oil and Gas Financing Gap Sparks Call for Urgent Investment Partnerships
BusinessEnergyLocal

Nigeria’s $25bn Oil and Gas Financing Gap Sparks Call for Urgent Investment Partnerships

Nigeria’s oil and gas industry is facing a major hurdle that could slow growth and investment across the sector. Industry…

byayotilewaJuly 8, 2026
FG Pressures Oil Marketers as Nigerians Demand Cheaper Petrol Amid Falling Global Oil Prices
BusinessEnergyLocal

FG Pressures Oil Marketers as Nigerians Demand Cheaper Petrol Amid Falling Global Oil Prices

The Federal Government has intensified pressure on oil marketers to reduce petrol prices, following growing concerns that Nigerians are not…

byayotilewaJuly 8, 2026
PenCom Eyes Bigger Role in Capital Market as Nigeria’s Pension Assets Hit Record N31.32 Trillion
BusinessFinanceLocal

PenCom Eyes Bigger Role in Capital Market as Nigeria’s Pension Assets Hit Record N31.32 Trillion

Nigeria’s pension industry has reached a major milestone, with total pension assets climbing to a record N31.32 trillion in May…

byayotilewaJuly 8, 2026
Nigeria’s FDI Surges to $4bn as Oil and Gas Investments Fuel Economic Recovery – UNCTAD
BusinessinvestmentLocal

Nigeria’s FDI Surges to $4bn as Oil and Gas Investments Fuel Economic Recovery – UNCTAD

Nigeria’s efforts to attract foreign investment received a major boost in 2025 as foreign direct investment (FDI) inflows more than…

byayotilewaJuly 8, 2026
Google Seeks Cooperation as FG Launches Probe Into Big Tech Operations in Nigeria
BusinessLocalTechnology

Google Seeks Cooperation as FG Launches Probe Into Big Tech Operations in Nigeria

Google has pledged to cooperate with Nigerian regulators following the Federal Government’s decision to investigate major technology companies over concerns…

byayotilewaJuly 8, 2026
Don’t politicise flooding – Lagos govt warns critics
Local

Don’t politicise flooding – Lagos govt warns critics

As heavy rainfall continues to test infrastructure across Lagos, the state government has defended its flood-control efforts, insisting that years…

byayotilewaJuly 8, 2026
NGX Investors Gain N1.86 Trillion as Half-Year Earnings Expectations Spark Market Rally
BusinessLocal

NGX Investors Gain N1.86 Trillion as Half-Year Earnings Expectations Spark Market Rally

The Nigerian stock market witnessed a powerful resurgence on Monday as investors poured funds into equities ahead of the release…

byayotilewaJuly 8, 2026
Nigeria’s FX Market Hits Three-Month High as Turnover Climbs to $3.05 Billion
BusinessEconomyLocal

Nigeria’s FX Market Hits Three-Month High as Turnover Climbs to $3.05 Billion

Nigeria’s foreign exchange market has kicked off the third quarter of 2026 on a strong note, recording its highest weekly…

byayotilewaJuly 8, 2026
NNPC, Seplat and UTM FLNG Seal 15-Year Gas Deal to Unlock Nigeria’s LNG Potential
BusinessEnergyLocal

NNPC, Seplat and UTM FLNG Seal 15-Year Gas Deal to Unlock Nigeria’s LNG Potential

Nigeria’s ambition to become a leading global gas powerhouse received a major boost as the NNPC Ltd/Seplat Energy Producing Nigeria…

byayotilewaJuly 8, 2026

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