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NGX Closes August Strong as ASI Jumps 1.20%, Investors Eye September Rally
The Nigerian Exchange Limited (NGX) ended August on a strong note as renewed buying interest pushed the All-Share…
CBN to Offer N700bn Treasury Bills in September’s First Auction
The Central Bank of Nigeria (CBN) is set to offer N700 billion worth of Nigerian Treasury Bills (NTBs) in its first…
SEC Proposes N5bn Capital Requirement, Tightens Rules for Online Forex Trading
The Securities and Exchange Commission (SEC) has proposed tougher rules for online forex and contracts for…
Nigeria’s Private Sector Activity Hits 7-Month Growth Streak as New Orders Reach…
Nigeria’s private sector activity gained fresh momentum in August as stronger customer demand and new product…
Forex Utilisation in Nigeria Jumps 74% to $16.35bn in Q1 2026
Foreign exchange utilisation in Nigeria surged by 74 per cent year-on-year to $16.35 billion in the first quarter…
Nigeria’s Power Reforms Could Strengthen Energy Security, Attract Investment —…
Nigeria’s ongoing power sector reforms could offer a blueprint for developing economies seeking to strengthen…
Nigeria Targets $1 Trillion Economy by 2030 as GDP Growth Hits 4.43%
Nigeria is strengthening its push towards a $1 trillion economy by 2030, with the Federal Government pointing to…
Global Bond Markets Near $100 Trillion as Government Borrowing Surges
The global bond markets are closing in on a historic $100 trillion milestone, highlighting just how heavily…
Private Sector Credit Hits N83.43 Trillion as Nigerian Businesses Borrow More
Private sector credit in Nigeria climbed to N83.43 trillion in July 2026, as businesses and other private-sector…
NNPC Profit Falls 47.9% to N279 Billion in July as Oil, Gas Output Drops
The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a sharp decline in profitability in July 2026,…
Aswani Family Expands Guinness Nigeria Stake as Tolaram’s Investment Gains $343m
The Aswani family of Singapore is continuing to increase its stake in Guinness Nigeria, even as the brewer’s share…
Nigeria Targets Indigenous AI Capacity as Tinubu Government Pushes for $1tn…
Nigeria is stepping up efforts to build indigenous AI capacity as the Federal Government looks to use technology,…
Hedge Funds Flood CBN OMO Bills as Effective Yields Top 21%
Hedge funds and other yield-hungry investors are piling into Central Bank of Nigeria (CBN) Open Market Operations…
August Stock Market: Haldane McCall, Access Holdings Lead Top Gainers as NGX Slips…
The Nigerian stock market ended August 2026 on a mixed note as the NGX All-Share Index (ASI) fell by 0.44%, despite…
Tony Elumelu’s Seplat Stake Hits N1.48 Trillion as Shares Surge
Tony Elumelu’s stake in Seplat Energy Plc has climbed to approximately N1.48 trillion ($1.28 billion), as the…
Electricity Subsidy Bill Hits N1.92trn in 2025 as FG Absorbs Tariff Gap — NERC
Nigeria’s electricity subsidy bill climbed to N1.928 trillion in 2025, as the Federal Government continued to…
Nigerian Stocks Rebound as Investors Brace for High-Volatility September
Nigerian stocks staged a strong recovery toward the end of August, clawing back losses from a two-week decline as…
MTN, Airtel Drive Nigeria’s Telecoms Growth to 10.38% as Sector Contributes N5.2tn…
Nigeria’s telecommunications sector is becoming an increasingly important engine of economic growth, with the…
Gas Group Targets NGX Listing as It Unveils Major Energy Expansion Plan
Gas Group Plc is preparing to list its existing ordinary shares on the main board of the Nigerian Exchange Limited…
CBN Targets N700bn From September Treasury Bills Auction
The Central Bank of Nigeria is set to return to the domestic debt market on Wednesday, September 2, with a N700bn…
Nigeria’s FX Spot Market Hits Record $5.01bn as Weekly Turnover Surges 155%
Nigeria’s foreign exchange market has recorded a major surge in activity, with the Nigeria FX spot market crossing…
Nigeria’s FX Turnover Falls 48.7% to $2.71bn in One Week
Nigeria’s foreign exchange market recorded a sharp drop in trading activity as FX turnover fell 48.7 per cent…
Finance, Insurance Sector Growth Slows to 9.29% Despite Recapitalisation
Nigeria’s finance and insurance sector recorded 9.29 per cent real growth in the second quarter of 2026, a sharp…
DisCos Lose N669.49bn as Poor Revenue Collection Deepens Nigeria’s Power Crisis
Nigeria’s electricity distribution companies (DisCos) failed to recover N669.49 billion from customers in 2025,…
Tinubu: Nigeria’s GDP Growth Signals Economic Reforms Are Paying Off
President Bola Tinubu has said Nigeria’s latest GDP growth figures show that his administration’s economic reforms…
Dangote Refinery Pushes Nigeria’s Oil Refining Growth to Record 43.94% in Q2 2026
Nigeria’s oil refining sector recorded its strongest growth in recent years, expanding by 43.94% year-on-year in…
Nigeria’s Economy Grows 4.43% in Q2 2026 as Agriculture, Services Drive Expansion
Nigeria’s economy recorded stronger growth in the second quarter of 2026, with real Gross Domestic Product (GDP)…
Modular Refineries Struggle Three Years After Petrol Subsidy Removal
Three years after the Federal Government removed petrol subsidy with promises of attracting investment and…
Tinubu’s Economic Reforms May Take 20 Years to Benefit Nigerians, Economists Warn
Nigerians may have to wait more than a decade before they begin to fully feel the benefits of President Bola…
Dangote Refinery May Cut Petrol Supply to Importing Marketers Amid Quality…
The Dangote Petroleum Refinery and Petrochemicals is considering cutting petrol supplies to major marketers that…