Browsing Category
Local
Champion Breweries Lists N30 Billion Fixed Rate Bond on FMDQ to Boost Expansion
Champion Breweries Plc has taken a major step to strengthen its financial footing by listing a N30 billion Series…
Nigeria’s Foreign Reserves Fall $547 Million in Two Weeks Amid Market Pressures
Nigeria’s foreign reserves have declined by approximately $547 million over a 15-day period in March 2026,…
NCC Orders Telcos to Compensate Subscribers for Poor Network Service
The Nigerian Communications Commission (NCC) has issued a landmark directive requiring Mobile Network Operators…
Rewiring Nigeria’s Financial System: How the CBN is Stabilizing Banks and…
Nigeria’s financial system entered 2023 under intense pressure, with a weakening naira, rising inflation, and…
Rising Oil Prices Hit Nigerians Hard as Post-Subsidy Economy Faces Test
Nigeria is feeling the full impact of rising global oil prices, with no fuel subsidy to soften the blow. Since the…
US-Iran Conflict Drives Food Prices Up in Nigeria, Deepening Poverty Crisis
Soaring fuel prices linked to the ongoing US-Iran conflict are pushing food prices higher across Nigeria, hitting…
Naira Slides Again as Nigeria’s Forex Reserves Drop: CBN Moves to Boost Currency…
Nigeria’s currency, the Naira, recorded its second consecutive weekly decline against the US dollar, closing at…
FG Targets 5.2 Million Nigerians with Electricity Connections Under $750M World…
The Federal Government of Nigeria is ramping up efforts to expand electricity access, aiming to connect 5.2 million…
CBN Cuts Treasury Bill Rates as Investors Pour N2.7 Trillion into One-Year…
The Central Bank of Nigeria (CBN) has lowered interest rates on longer-term Treasury bills following a surge in…
Petrol Price in Nigeria Remains High Despite Dangote Cut as Global Oil Tensions…
Despite a recent price reduction by the Dangote Petroleum Refinery, petrol price in Nigeria has remained stubbornly…
Ghana’s Damang Mine Transition: Can Ibrahim Mahama Deliver on Local Ownership?
Ghana’s efforts to take control of the Damang gold mine from Gold Fields and shift it to local ownership are…
Tinubu Expands CNG Initiative to Include Electric Vehicles, Boosting Nigeria’s…
President Bola Tinubu has approved a major expansion of the Presidential Initiative on Compressed Natural Gas…
Nigeria Sees $6.44bn Capital Inflows in Q4 2025 as Investor Confidence Grows
Nigeria attracted a total of $6.44 billion in capital inflows during the fourth quarter of 2025, marking a 26.6%…
NNPC/Seplat JV Transforms Lives with ‘Eye Can See’ Free Eye Care Programme in Imo
The NNPC/Seplat Joint Venture (JV) has made a remarkable impact on the health and well-being of residents in Imo…
Nigeria’s Power Sector Reforms Attract $2 Billion Investment, Liabilities Slashed…
Nigeria’s ongoing power sector reforms are yielding tangible results, attracting $2 billion in fresh investment and…
CBN Cuts Treasury Bill Rates as Investors Flood Market with N2.7 Trillion…
The Central Bank of Nigeria (CBN) reduced stop rates on longer-dated Treasury bills at its 25 March auction, even…
Nigeria’s Capital Market Key to Closing $100 Billion Infrastructure Gap, Says SEC
Nigeria is actively repositioning its capital market as a central driver for economic growth and infrastructure…
Nigerian Stock Market Hits Historic High as All-Share Index Crosses 200,000 Points
The Nigerian stock market reached an unprecedented milestone on Wednesday as the All-Share Index (ASI) surged past…
NCC to Block Fraudulent Mobile Numbers Nationwide to Boost Digital Security
The Nigerian Communications Commission (NCC) has unveiled plans to block mobile numbers linked to fraudulent…
Dangote Refinery Cuts Petrol Price to N1,200 Amid Global Oil Market Volatility
Dangote Petroleum Refinery has announced a significant reduction in its ex-gantry petrol price, bringing it down to…
MTN Nigeria Leads Market Trades as All-Share Index Holds N128.9 Trillion
The Nigerian stock market saw modest gains on Thursday, March 26, 2026, as the All-Share Index edged up by 32…
32 Nigerian Banks Achieve Recapitalisation Target Ahead of Deadline, Boosting…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that 32 banks have successfully…
Naira Strengthens Across FX Markets as CBN Remittance Rule Boosts Liquidity
The naira on Thursday strengthened across Nigeria’s foreign exchange (FX) markets, reaching a five-month high, as…
Nigeria Fast-Tracks Idle Oil Wells as NUPRC Approves PEL No. 5 for SeaSeis…
Nigeria is fast-tracking efforts to boost its oil production as crude prices hover near $100 a barrel. The Nigerian…
Nigerian Banks Raise N4.61 Trillion in Capital, N1.2 Trillion from Foreign…
Nigerian banks have successfully raised N4.61 trillion in fresh capital as part of the ongoing banking sector…
Nigeria’s Banking System Liquidity Holds Above ₦8 Trillion Despite ₦2.36 Trillion…
Nigeria’s banking system liquidity held steady above ₦8 trillion despite a ₦2.36 trillion Open Market Operations…
CBN Governor Cardoso Urges Stronger Cross-Border Cooperation Among African…
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has called for deeper collaboration among…
$6B Funding Gap Threatens Nigeria’s Oil Output Surge and Crude Supply to Dangote…
Nigeria’s ambition to rapidly increase oil production could be hampered by a staggering $6 billion capital…
CBN Approves 100% Forex Repatriation for Oil Companies in Major Market Reform
The Central Bank of Nigeria (CBN) has approved the full repatriation of foreign exchange earnings for International…
Dangote Refinery Receives Only 5 Crude Cargos Monthly Amid Crude-for-Naira…
The Chief Executive Officer of the Dangote Refinery, David Bird, has raised alarms over a significant shortfall in…