Put a price on terror: Why Nigeria should place bounties on bandits
As Nigeria continues its battle against banditry, kidnapping, and terrorism, a new proposal is gaining attention: paying for information that…
Category: Local
NGX Rally Adds N1.86 Trillion as Cadbury, NAHCO and Dangote Cement Drive Broad Market Surge
Nigeria’s stock market extended its recovery streak on Tuesday as investors gained an impressive N1.86 trillion in a single trading…
Nigeria’s Banking Assets Surge to N180.37 Trillion as Financial Sector Powers Economic Growth
Nigeria’s financial sector is showing remarkable strength, with deposit money banks recording total assets of N180.37 trillion, equivalent to 41.8…
SEC Approves N6.94 Billion Beta Glass Takeover Offer by Emerald HoldCo
The Securities and Exchange Commission (SEC) has approved a mandatory takeover offer worth N6.94 billion by Emerald HoldCo B.V. for…
Nigerian Stocks Poised for Fresh Rally as Smart Investors Target NGX Opportunities
Nigeria’s stock market is showing renewed strength, with investors closely watching for the next major rally on the Nigerian Exchange…
FG Seeks Community Backing for Dangote Industrial City and Africa’s Largest Deep Seaport Project
The Federal Government has appealed to residents and stakeholders in Ogun and Ondo states to fully support the proposed Dangote…
NOG Energy Week, Microfinance Bank Liquidation Lead Major Business Developments This Week
Nigeria’s business landscape is set for another eventful week as key developments across the energy, banking, and financial sectors take…
Tinubu orders probe of Meta, Google, AI platforms
President Bola Tinubu has ordered a major investigation into some of the world’s biggest technology companies, including Meta, Google, X…
Dangote Refinery Spends $4.48bn on Crude Imports as Fuel Price Relief Looms for Nigerians
Africa’s largest refinery, the Dangote Petroleum Refinery, spent an estimated $4.48 billion importing 40.4 million barrels of crude oil over…
Nigeria Revenue Service Generates N21.6 Trillion in Six Months as Tax Reforms Drive Record Revenue Growth
Nigeria’s revenue drive has gained significant momentum, with the Nigeria Revenue Service (NRS) generating an impressive N21.6 trillion in the…
Nigerian Stocks Gain N3.17 Trillion as Market Rally Pushes NGX Above 234,000 Points
The Nigerian stock market continued its impressive recovery on Monday, delivering a massive N3.17 trillion gain for investors as renewed…
CBN Targets Record N1.35 Trillion Liquidity Withdrawal with N2 Trillion Treasury Bill Sale in July
The Central Bank of Nigeria (CBN) is set to launch its largest Treasury Bill (T-bill) issuance programme of 2026, with…
DMO Unveils July 2026 FGN Savings Bond at Record 15.716% Interest Rate, Highest Return This Year
The Debt Management Office (DMO) has launched the July 2026 FGN Savings Bond, offering Nigerians an opportunity to earn up…
Petrol Price May Drop Below N800 as Marketers Push for Import Rights
Nigerians may soon see significant relief at the fuel pumps as independent petroleum marketers project that the price of Premium…
Nigeria lost about N2.4 trillion to grid underutilisation since 2015: NISO
Nigeria has lost an estimated N2.4 trillion in capacity payments over the past decade due to the underutilisation of its…
Dangote Cement Share Slump Wipes N4.23 Trillion Off Aliko Dangote’s Wealth Amid Market Repricing
Africa’s richest man, Aliko Dangote, has suffered a significant paper loss after a sharp decline in the share price of…
Tony Elumelu Steps Down as UBA Chairman After 12 Years, Emmanuel Nnorom to Lead Next Growth Phase
After more than a decade at the helm of one of Africa’s most influential financial institutions, Tony Elumelu is set…
FG, Dangote Refinery Meet Marketers Over Fair PMS Pricing as Fuel Costs Remain High
The Federal Government has intensified efforts to ensure fair pricing of Premium Motor Spirit (PMS), commonly known as petrol, by…
Oyedele Rejects IMF Claim of ₦8 Trillion Unreported Spending, Insists No Secret Budget Exists
The Federal Government has firmly rejected claims by the International Monetary Fund (IMF) that Nigeria spent more than ₦8 trillion…
Dangote Cement Sets Sights on 20% Emissions Reduction, 80MTPA Production Capacity by 2030
Dangote Cement Plc has announced an ambitious sustainability roadmap that will see the company reduce its net carbon dioxide (CO₂)…
OPEC+ Approves Fresh Oil Output Increase for August as Global Supply Recovery Gains Momentum
The OPEC+ alliance has approved another 188,000 barrels per day (bpd) increase in oil production for August 2026, signaling its…
Bank Recapitalisation Drained Funds from Nigeria’s Productive Economy, Says Adonri
Nigeria’s banking recapitalisation programme may have succeeded in strengthening the financial sector, but it came at a significant cost to…
NNPC Begins Evaluation of Chinese Refinery Partnership to Revive Port Harcourt and Warri Plants
The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced a detailed evaluation of its proposed partnership with Chinese firms…
Tinubu Secures $11.4bn World Bank Loans in Three Years, Nears Buhari’s Eight-Year Record
President Bola Tinubu’s administration has secured an impressive $11.4 billion in World Bank loan approvals within just three years, bringing…
Nigerian Businesses Hold Ground Despite Rising Costs and Credit Challenges, NESG Report Shows
Nigeria’s business sector continued to show resilience in June 2026, maintaining a steady level of confidence despite mounting economic pressures.…
Naira Remains Stable as CBN Tightens Policy and Rising Oil Output Strengthens FX Reserves
The Nigerian naira is maintaining a stronger footing in 2026, offering a sense of relief to businesses, investors, and consumers…
NGX Loses N13 Trillion in June: How Investors Can Spot Bargains and Avoid Value Traps
Nigeria’s stock market endured a turbulent June 2026, wiping out more than N13 trillion in investor wealth as widespread selloffs…
NGX Records N154bn Share Turnover as Trading Activity Surges 15% Despite Market Decline
Trading activity on the Nigerian Exchange (NGX) gained significant momentum in the week ended July 3, with investors exchanging shares…
SEC Approves 7 New Crypto Firms Under Regulatory Sandbox to Boost Nigeria’s Digital Asset Market
Nigeria’s digital asset industry has received a significant boost as the Securities and Exchange Commission (SEC) granted Approval-in-Principle (AIP) to…
Shell, Nigerian Banks Launch $3bn Oil Contractor Finance Scheme to Boost Local Content
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has joined forces with nine major Nigerian banks to unveil a $3…