Lagos Port Haulage Costs Drop by 65% as Ètò System Transforms Cargo Logistics
Lagos importers are breathing a sigh of relief as cargo haulage costs at Tin Can Island and Apapa seaports have…
Category: Local
FG Targets N900bn Domestic Borrowing with High-Yield Bonds in January Auction
The Federal Government of Nigeria (FG) is set to raise N900 billion from the domestic market by offering high-yield bonds,…
Bank Lending Hits 14-Month Low Amid Recapitalisation Pressures in Nigeria
Nigeria’s banking sector recorded a sharp slowdown in credit extension, with total loans dropping to N52.656 trillion in June 2025,…
NCC Shifts Focus to Competition and Consumer Experience After Tariff Hikes
Months after Nigerian telecom subscribers began paying higher tariffs for voice and data services, the Nigerian Communications Commission (NCC) has…
International Breweries Appoints Nicholas Kade as New Managing Director
International Breweries Plc (IBPLC) has announced the appointment of Nicholas Kade as its new Managing Director, effective March 1, 2026.…
Seplat Energy Begins Gas Production at ANOH Project, Boosting Nigeria’s Domestic Gas Supply
Seplat Energy Plc has commenced gas production from its 300 million standard cubic feet per day (MMcfd) Assa North–Ohaji South…
NGX Rebounds as Stocks Gain, Market Capitalisation Rises by N93bn
The Nigerian Exchange (NGX) bounced back on Tuesday, reversing the losses recorded in the previous session as renewed investor interest…
Domestic Refineries Poised to Cut Petrol Imports as Local Capacity Rises in 2026
Domestic oil refiners in Nigeria say the country is on the verge of drastically reducing petrol imports in 2026, as…
CBN Economic Reforms Drive Growth and Tame Inflation in Nigeria
Nigeria’s economy is showing early signs of recovery as the Central Bank of Nigeria (CBN) forecasts stronger growth and easing…
Nigeria Non-Oil Exports Hit $6.1 Billion in 2025 as Country Boosts Global Trade Presence
Nigeria’s non-oil export sector achieved a historic milestone in 2025, recording total earnings of $6.1 billion—an 11.5% increase from the…
Seplat CEO Highlights Critical Role of Oil and Gas in Nigeria’s Energy Mix
Seplat Energy Plc’s Chief Executive Officer, Roger Brown, has reaffirmed that oil and gas will continue to play a key…
French Wine Tariffs Spark European Market Sell-Off as Trump Threatens 200% Duty
European stocks fell sharply on Tuesday as markets reacted to President Donald Trump’s escalating trade threats targeting key European nations.…
Nigerian Stock Market Dips by N11bn as Week Begins on a Cautious Note
The Nigerian equities market opened the week on a cautious note yesterday, recording a slight decline in value as investors…
DMO to Raise N900 Billion in January 2026 Bond Auction: Investment Opportunity for FGN Bonds
The Debt Management Office (DMO) has revealed plans for the Federal Government to raise N900 billion through the reopening of…
NEM, First HoldCo, Africa Prudential Among Top Nigerian Stocks to Watch This Week
Nigerian stocks continued their upward momentum last week, marking the third consecutive week of gains, led primarily by oil and…
Dangote Refinery Signs $350M Deal with EIL to Double Production Capacity
Engineers India Limited (EIL), a leading Indian engineering consultancy firm, has signed a $350 million contract with Dangote Refinery. The…
Nigeria’s Economy Set to Grow by 4.4% in 2026 Amid Policy Reforms
Nigeria’s economy is on a steady recovery path, with the International Monetary Fund (IMF) projecting a growth rate of 4.4%…
IMF and World Bank Upgrade Nigeria’s Economic Growth Outlook to 4.4% in 2026
The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast upward to 4.4% in 2026 and 4.1% in 2027,…
NCC Launches 2026–2030 Spectrum Roadmap to Boost Broadband and Digital Investments in Nigeria
The Nigerian Communications Commission (NCC) has unveiled its Spectrum Roadmap 2026–2030, signaling a major step toward faster broadband, improved connectivity,…
Microfinance Banks’ Non-Financial Assets Hit Record N358.8 Billion in June 2025
Non-financial assets held by Nigerian microfinance banks have surged to a record N358.787 billion as of June 2025, according to…
NSLTECH and Access Holdings Drive Trading as Nigerian All-Share Index Dips 0.01%
The Nigerian All-Share Index (ASI) edged slightly lower on Monday, January 19, 2026, closing at 166,112.5 points, a marginal decline…
Nigeria’s Non-Oil Exports Hit Record $6.1 Billion in 2025 – NEPC Reports Historic Growth
Nigeria’s non-oil exports reached an all-time high of $6.1 billion in 2025, according to the Nigerian Export Promotion Council (NEPC),…
SEC Capital Hike Triggers Survival Test for Nigeria’s Capital Market Operators
Nigeria’s Securities and Exchange Commission (SEC) has announced the most sweeping capital market reform in over a decade, dramatically increasing…
CBN Bank Recapitalisation: How Nigeria’s Lenders Are Becoming Financial Heavyweights
Nigeria’s banking sector is undergoing a profound reset as the Central Bank of Nigeria (CBN) drives one of the most…
ATM Withdrawals Jump 196% to ₦36.3 Trillion in H1 2025 — CBN Data Shows Surge in Cash Demand
Automated teller machine (ATM) withdrawals in Nigeria surged sharply in the first half of 2025, reaching ₦36.34 trillion, according to…
Dangote Petrol Price Unmatched: No Filling Station Sells Cheaper Than N739
Oil marketers in Nigeria have dismissed reports that some filling stations are selling petrol cheaper than the N739 per litre…
SEC Strengthens Nigerian Capital Market with Tenor Limits and Capital Boost
In a recent series of decisive moves, the Securities and Exchange Commission (SEC), under the leadership of Director General Dr.…
IMF Raises Nigeria’s 2026 Economic Growth Forecast to 4.4%
The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast for 2026 upward to 4.4%, reflecting growing confidence in…
Heirs Energies Boosts Oil Production to 50,000bpd in Five Years, Strengthening Nigeria’s Energy Security
Heirs Energies has announced a major operational milestone, revealing that it has sustainably doubled its oil production from less than…
Naira Ends Week at N1,417.95/$ as Nigeria’s External Reserves Rally
The naira closed the week on a positive note, trading at N1,417.95 per dollar in Nigeria’s official foreign exchange market,…