World Bank Warns Rising Air Conditioner Use Could Strain Nigeria’s Power Grids
The World Bank has raised concerns over the rising use of air conditioners in Nigeria and other developing countries, warning…
Category: Local
NSIA’s 2025 Impact: Driving Nigeria’s Economic Growth Through Strategic Investments
In 2025, the Nigeria Sovereign Investment Authority (NSIA) has firmly established itself as more than just a savings and stabilization…
US Fed Rate Cut Could Ease Pressure on Naira, Analysts Say
The United States Federal Reserve’s decision to lower its key interest rate by 25 basis points to a range of…
Nigerian Stock Market Gains N1.5 Trillion as MTN, Breweries, and Dangote Sugar Lead Rally
The Nigerian stock market recorded a strong rebound last week, with investors gaining over N1.5 trillion as trading momentum picked…
Non-Oil Exports Surge to Record N9.2 Trillion in First Nine Months of 2025
Nigeria’s non-oil export sector has reached a historic milestone, generating N9.2 trillion in the first nine months of 2025, a…
Nigeria’s Telecom Sector Achieves 5.78% Growth in Q3 2025 Amid Economic Challenges
Nigeria’s telecommunications industry posted a real growth rate of 5.78% in the third quarter of 2025, according to the latest…
BUA Rewards 510 Employees with N30 Billion at 2025 Night of Excellence
BUA Group has recognized the dedication and loyalty of its workforce by awarding N30 billion to 510 employees during its…
Champion Breweries Rights Issue: Brewer Opens ₦16bn Capital Raise to Fund Bullet Brand Expansion
Champion Breweries Plc has officially opened a ₦16 billion Rights Issue of ordinary shares, priced at ₦16 per share, after…
NGX Adds N1.54 Trillion as Stock Market Rallies 1.63% on Investor Confidence
Nigeria’s equities market ended last week on a strong note, with investors gaining N1.54 trillion as the benchmark index advanced…
Petrol Price War Escalates as Dangote Accuses NMDPRA Chief of $5m School Fees Scandal
Nigeria’s intensifying petrol price war took a dramatic turn on Sunday as Aliko Dangote, President of the Dangote Group, publicly…
Dangote Sets New Petrol Pump Price at ₦739 per Litre, Targets Nationwide Cut
The Dangote Petroleum Refinery has announced a new petrol pump price of ₦739 per litre, a move expected to bring…
E-Invoicing in Nigeria: Is FIRS Revolutionizing Real-Time Tax Monitoring?
Nigeria is taking a bold step in modernizing tax administration with the introduction of e-invoicing through the Federal Inland Revenue…
Nigeria Aims for Trillion-Dollar Economy Through 3MTT Digital Talent Program
The Federal Government of Nigeria is ramping up efforts to transform the nation into a trillion-dollar economy by strategically investing…
Nigeria’s Fuel Import Bill Hits N1.28 Trillion in Q3 2025 Amid Rising Domestic Refining Hopes
Nigeria spent a staggering N1.28 trillion on fuel imports in the third quarter of 2025, according to data released by…
Nigeria Issues First Gas Trading Licence to Boost Market Transparency and Liquidity
Nigeria has taken a major step to modernize its domestic gas market by issuing the country’s first Gas Trading Licence…
Expansion of Asset Classes in ISA 2025 Set to Boost Nigerian Capital Market, Says CSCS
The Central Securities Clearing System (CSCS) Plc has hailed the recent expansion of recognised asset classes under the Investment and…
BERGER Paints, JAPAULGOLD Lead Gains as Nigerian All-Share Index Rebounds to N94 Trillion
The Nigerian All-Share Index (ASI) surged on December 11, 2025, closing at 147,950.59 points, a gain of 1,088.58 points or…
MTN Leads Market Rally as Nigerian Stocks Gain N694 Billion
Equities on the Nigerian Stock Exchange rebounded strongly yesterday, led by gains in MTN Nigeria Communications and 30 other prominent…
Nigerian Equity Market Rebounds with N694 Billion Gain as Investors Return
The Nigerian equity market staged a strong rebound on Thursday, recovering N694 billion after a week of losses as investors…
Naira Holds Steady at N1,950/£1 as British Pound Faces Economic Pressure
The Nigerian naira has shown resilience against the British pound, trading at N1,950/£1 in the official market. This represents a…
CBN Tightens Oversight as Nigerian Banks Boost Capital to Strengthen Financial Stability
Nigerian banks are stepping up their capital base as the Central Bank of Nigeria (CBN) enforces stricter oversight to maintain…
SEC Calls on Banks to Mobilize Capital for Nigeria’s Gas Trading Revolution
The Securities and Exchange Commission (SEC) has called on Nigerian banks, insurers, and asset managers to mobilize capital to strengthen…
AI Key to Unlocking Africa’s $3.4tn AfCFTA Market, Experts Say
Artificial intelligence (AI) is set to be the driving force behind the African Continental Free Trade Area (AfCFTA), reshaping cross-border…
Nigeria’s Trade Surplus Hits N6.69tn in Q3 2025 as Exports Outpace Imports
Nigeria posted a trade surplus of N6.69 trillion in the third quarter of 2025, reflecting a 27.29% year-on-year growth and…
Nigeria’s Oil Output Rises by 35,000 bpd in November as Production Recovery Strengthens
Nigeria recorded one of its strongest month-on-month production boosts in 2025, as crude output climbed to 1.436 million barrels per…
Reps Push Major Reforms to Strengthen Transparency and Oversight at CBN
The House of Representatives has begun formal steps to overhaul the Central Bank of Nigeria (CBN) Act, seeking stronger transparency,…
Dangote Refinery Receives Second Ghana Crude Shipment as Maintenance Cuts Intake
The Dangote Petroleum Refinery has received its second crude oil shipment from Ghana, strengthening its shift toward West African feedstocks…
Non-Interest Banking in Ghana: BoG Requires 60% Foreign Currency Capital for Foreign Banks
The Bank of Ghana (BoG) has unveiled a new regulatory framework aimed at tightening oversight of the country’s growing non-interest…
FCMB Asset Management Upgraded to A(IM) Rating by Agusto & Co., Strengthening Investor Confidence
FCMB Asset Management Limited (FCMBAM), the asset management arm of FCMB Group Plc, has received a significant rating upgrade from…
FG Captures N4tn Power Sector Bond in MTEF to Boost Investor Confidence
The Federal Government has announced that the newly launched N4tn power sector liquidity bond, designed to settle long-standing debts owed…