FG Rolls Out 60.82MW Renewable Power Projects as Yobe Gets New Solar Mini-Grids
The Federal Government is stepping up efforts to tackle Nigeria’s electricity challenges with the rollout of 60.82MW renewable power projects…
Category: Local
SEC Intensifies Push to Recover Unclaimed Investments Worth Billions
The Securities and Exchange Commission (SEC) has stepped up its efforts to help Nigerians recover unclaimed funds, dormant investments and…
Five Insurers Step Up Capital Drive as NAICOM Deadline Push Intensifies
Five Nigerian insurance companies are making a final push to secure full compliance with the National Insurance Commission’s (NAICOM) new…
Seplat to complete 10% NNPC JV sale December
Seplat Energy is on course to complete the sale of a 10 per cent working interest in its joint venture…
NAICOM Begins Issuing New Licences as Insurance Recapitalisation Ushers in New Era
Nigeria’s insurance industry has entered a new phase as the National Insurance Commission (NAICOM) begins issuing fresh operating licences to…
PMI: Agriculture records 24th consecutive month of growth as private sector expands in July
Nigeria’s private sector continued its steady recovery in July 2026, with the Central Bank of Nigeria (CBN) reporting a Purchasing…
CBN Reports Stronger Loan Demand as Nigerian Banks Record Fewer Defaults in Q2 2026
Nigeria’s banking sector showed renewed strength in the second quarter of 2026 as demand for loans increased while default rates…
We’ve started paying depositors of 46 microfinance banks — NDIC
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the reimbursement of customers affected by the recent closure of 46 microfinance…
Nigeria’s Business Growth Faces New Threat as Rising Costs Stall Investment Plans
Nigeria’s economy is showing encouraging signs of recovery, with businesses recording stronger production, rising demand, and improved profitability across major…
Nigeria Sets Sights on $50bn Offshore Oil Investment Boom by 2030
Nigeria is positioning itself for a major boost in its oil and gas industry as the Federal Government, through the…
Banking stocks lift Nigerian market by N70.6 billion despite consumer goods selloff
The Nigerian stock market ended Wednesday’s trading session on a positive note, with banking stocks helping investors recover from the…
Tinubu Credits Economic Reforms for Record Profit Growth of NGX Companies in H1 2026
President Bola Tinubu has attributed the impressive financial results posted by several companies listed on the Nigerian Exchange (NGX) during…
Tax swallows N1.13 trillion from Aradel, Seplat half-year profits
Aradel Holdings and Seplat Energy delivered exceptional financial performances in the first half of 2026, generating a combined pre-tax profit…
Dangote Refinery Expands African Crude Imports as Nigerian Supply Declines
Dangote Refinery is accelerating its shift toward sourcing crude oil from across Africa as supplies from Nigeria continue to decline,…
Nigeria’s cement firms rake in N3.2 trillion in six months amid price hikes, construction boom
Nigeria’s cement industry has recorded one of its strongest performances in recent years, with the country’s three largest manufacturers generating…
Dangote Refinery drops PMS to ₦1,165/Litre, diesel to ₦1,570/litre
Dangote Petroleum Refinery has announced another reduction in the ex-depot prices of Premium Motor Spirit (PMS), popularly known as petrol,…
Nigeria’s oil boom threatened by 50-year-old problem, says NURPC’s Eyesan
Nigeria’s renewed push to reclaim its position as one of Africa’s leading oil producers is facing an unexpected obstacle—not insecurity…
Nigeria Tightens Crypto Regulations as Government Unveils New Tax Rules for Virtual Assets
The Nigerian government has introduced new taxation guidelines for cryptocurrencies and other virtual assets, marking a major step toward regulating…
NITDA Launches Sovereign Cloud Initiative to Accelerate AI and Data Centre Growth
The National Information Technology Development Agency (NITDA) has taken a significant step toward strengthening Nigeria’s digital economy by signing key…
Nigerian Stock Market Loses N599bn as Sell-Off Hits Nestlé, First Holdco, NGX Stocks
The Nigerian stock market returned to negative territory on Wednesday after investors wiped out N599 billion in market value through…
Lekki Port Boosts Global Trade as MSC Launches Weekly Shipping Service
Lekki Port has taken another major step toward strengthening Nigeria’s international trade network with the arrival of the Mediterranean Shipping…
African Alliance submits recapitalisation plan to NAICOM after handover
African Alliance Insurance Plc has confirmed that it has officially submitted its recapitalisation plan to the National Insurance Commission (NAICOM),…
Dangote eyes $5bn IPO to finance refinery expansion
Africa’s richest businessman, Aliko Dangote, is preparing for what could become the continent’s largest stock market listing as Dangote Petroleum…
CBN says naira FX gap falls below 2% as reserves top $52.5 billion
The Central Bank of Nigeria (CBN) has announced that its monetary and foreign exchange reforms are beginning to deliver measurable…
Nigerian Stock Market Loses N599 Billion as Nestlé, First HoldCo Lead Massive Sell-Off
The Nigerian stock market suffered a major setback on Tuesday, wiping out approximately N599 billion in market value as investors…
Nigeria’s $4.5bn Oil-Backed Loan Refinancing Set to Boost Naira, Strengthen Foreign Reserves
Nigeria’s efforts to stabilize the naira have received a major boost after the National Economic Council (NEC) approved the refinancing…
CBN Cuts Government Financing as Assets Surge Above N138 Trillion in Push for Economic Stability
The Central Bank of Nigeria (CBN) has taken another major step toward strengthening the country’s economy by reducing its financial…
TotalEnergies Takes Nigeria to Court Over $554 Million Petroleum Tax Dispute
French energy giant TotalEnergies has taken fresh legal action against Nigeria’s tax authorities and the Nigerian National Petroleum Company (NNPC),…
FRC to convene audit summit on AI, financial reporting
The Financial Reporting Council of Nigeria (FRC) is set to bring together some of the country’s leading financial experts, regulators,…
Local investors trade N17.7 trillion stocks in 18 months
Nigeria’s capital market is increasingly being driven by homegrown investors, with domestic participants accounting for N17.7 trillion worth of stock…