First HoldCo Stock Dip: Is This the Investment Opportunity Investors Have Been Waiting For?
On Lagos’ bustling Custom Street, one name has been on every investor’s lips this week: First HoldCo. Once seen as…
Category: Local
NNPC Remittance to FAAC Plunges 86%, Deepening Nigeria’s Oil Revenue Crisis
Nigeria’s oil revenue experienced a dramatic decline in 2025 as the Nigerian National Petroleum Company (NNPC) delivered only N604.61 billion…
Nigeria’s Refiners Struggle Amid Crude Shortages Despite 306 Million Barrels Exported in 2025
Local oil refiners in Nigeria continue to grapple with persistent crude shortages, even as the country exported an estimated 306…
Lokpobiri: Only Foreign Firms Can Handle Offshore Exploration in Nigeria
Nigeria’s Minister of State for Petroleum Resources, Heineken Lokpobiri, has stated that local companies currently do not have the capacity…
Regulatory Gaps Driving Away African Energy Investors, Warns NUPRC Boss
Regulatory inconsistencies across African countries are threatening to scare off energy investors, the Chief Executive of the Nigerian Upstream Petroleum…
CBN Report Reveals Sharp Divide in Nigeria’s Fintech Industry Over Regulatory Environment
Nigeria’s fintech ecosystem is split down the middle on how supportive the country’s regulatory framework really is, according to the…
Nigerian Engineers Prove Global Capability with Egina, Ikike Projects – TotalEnergies
Nigeria’s Egina deepwater and Ikike shallow-water oil projects have emerged as strong evidence that Nigerian engineers, contractors, and service providers…
Naira Ends January Stronger at ₦1,386/$ in Official Market as FX Stability Improves
The naira closed the month of January 2026 on a positive note, strengthening against the United States dollar in Nigeria’s…
Profit Up 29%, Rating Down to Junk: The Afreximbank Paradox
Africa’s largest trade finance institution, Afreximbank, is in the spotlight after Fitch Ratings downgraded the bank to junk status on…
Nigeria Oil Exports to Drop as Bonga FPSO Undergoes Scheduled Maintenance
Nigeria’s oil exports will decline sharply in February as production from the Bonga Floating Production Storage and Offloading (FPSO) facility…
Nigeria’s Big 10 Stockbrokers Dominate NGX Trading With ₦7.4 Trillion Deals in 2025
In the fast-moving corridors of the Nigerian Exchange Limited (NGX), power in 2025 was anything but evenly spread. Ten brokerage…
Onitsha Main Market Reopens as Sit-at-Home Falters Under Soludo’s Directive
Economic activity returned to life at the Onitsha Main Market on Monday as traders reopened their shops, effectively weakening the…
Telecoms Sector Expands with 2,850 New Sites and $1bn Investment in Q4 2025 – NCC Report
The Nigerian Communications Commission (NCC) has revealed significant progress in the nation’s telecoms sector, with the Q4 2025 Network Performance…
Africa’s AI Drive Must Prioritize Human Factors, Expert Warns
Africa’s push to adopt artificial intelligence (AI) risks falling short if governments continue to focus solely on technology acquisition, a…
NNPC Unveils Gas Master Plan 2026, Targets 20 Million LPG Cylinders by 2030
The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially unveiled its Gas Master Plan (GMP) 2026, signaling a bold…
Nigerian Manufacturers Face 21% Surge in Energy and Raw Materials Costs
Eight major Nigerian manufacturing firms spent a combined N1.01 trillion on energy and raw materials in the nine months ending…
Nigeria Removed from EU High-Risk List After Major Financial Reforms
Nigeria has officially been removed from the European Union’s high-risk list for money laundering and terrorism financing, marking a major…
FG Disburses N2.45 Trillion to States for Infrastructure and Security Projects
The Federal Government (FG) has disbursed a total of N2.45 trillion to Nigeria’s 36 states and the Federal Capital Territory…
UACN’s Acquisition of CHI Limited: A Strategic Gamechanger in 2025 Results
UAC Nigeria PLC (UACN) has unveiled its 2025 financial results, revealing a mixed performance that caught many investors’ attention. Profit…
NGX All-Share Index Falls 0.09% as Trading Activity Dips Amid Market Shifts
The Nigerian Exchange Limited (NGX) All-Share Index slipped 0.09% last week, closing at 165,370.40 points. Despite the slight drop in…
Nigeria’s Crude Exports to Drop 225,000 BPD as Shell Shuts Bonga FPSO for Maintenance
Nigeria’s crude oil exports are set to decline by about 225,000 barrels per day this February due to the planned…
Bank Stocks Drag NGX Lower Despite Fresh Listings Boosting Market Capitalisation
The Nigerian Exchange (NGX) ended the week on a subdued note as sustained selling pressure in banking stocks outweighed gains…
VDL Technologies Sets Sights on Africa, Europe Expansion Amid Nigeria’s Economic Pressures
VDL Technologies has unveiled plans to expand its operations across Africa and Europe as it looks to scale beyond Nigeria’s…
Nigeria Gas Flaring Hits 203.9 Billion SCF in 2025 Despite High Utilisation – NUPRC
Nigeria continued to struggle with gas flaring in 2025, releasing over 203.9 billion standard cubic feet (SCF) of natural gas…
CBN Governor Olayemi Cardoso Engages British International Investment Delegates to Boost Nigeria’s Financial Sector
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday, January 28, 2026, welcomed a delegation…
Nigeria’s N58.4 Trillion Budget Passes Second Reading as Senate Tackles Electoral Act Reforms
The House of Representatives has passed President Bola Tinubu’s N58.4 trillion 2026 budget through its second reading, surprising many observers…
FCMB Records N177bn Profit in 2025, Driven by Strong Lending and Fee Income
FCMB Group Plc has announced a remarkable profit after tax of N177 billion for the year ended December 31, 2025,…
FG’s N9tn Surge in Domestic Loans Crowds Out Private Sector Credit in 2025
Nigeria’s Federal Government sharply increased its domestic borrowing in 2025, drawing N9.19tn from financial institutions, data from the Central Bank…
BUA Foods Reports N508bn Profit After Tax in 2025, Marking 91% Growth
BUA Foods Plc has announced a remarkable N507.7 billion profit after tax for the year ended 31 December 2025, marking…
Nigeria Telecoms Regulator Removes 450 Illegal Boosters, Fines Operators N45 Million to Improve Service Quality
The Nigerian Communications Commission (NCC) has stepped up efforts to improve telecom service quality by dismantling over 450 illegal signal…