Nigerian Stock Market Starts August Strong with N289bn Gain as Investor Confidence Rebounds
The Nigerian stock market kicked off August 2026 on a positive note, delivering an impressive N289 billion gain in market…
Category: Local
DMO Launches August Savings Bonds With Returns of Nearly 15% for Nigerian Investors
The Debt Management Office (DMO) has opened subscriptions for its August 2026 Federal Government Savings Bond programme, offering Nigerians an…
NRS makes Tax ID mandatory for new crypto account activations
The Nigeria Revenue Service (NRS) has introduced a major policy change that will reshape how Nigerians access cryptocurrency platforms. Under…
Nigeria’s purchase cost inflation hits five-month low as PMI stays above 52
Nigeria’s private sector remained on a growth path in July, with businesses benefiting from stronger customer demand even as the…
NNPC Profit Drops 35% in H1 2026 Despite Strong June Recovery as Revenue Climbs
Nigeria’s state-owned oil giant, NNPC Limited, posted a profit after tax of N2.28 trillion for the first half of 2026,…
Banks’ Deposits at CBN Surge 670% to N83.95 Trillion as Borrowing Plunges
Nigeria’s banking sector witnessed a significant shift in liquidity management as commercial banks dramatically increased their deposits with the Central…
Nigeria Introduces New Crypto Tax Rules as Exchanges Risk ₦10 Million Fine for Non-Compliance
The Federal Government has taken a major step toward regulating Nigeria’s fast-growing cryptocurrency industry with the introduction of new tax…
August dividend race begins as 8 NGX companies set qualification dates
August is shaping up to be an important month for investors on the Nigerian Exchange (NGX) as eight listed companies…
Nigeria’s Global LNG Market Share Slips to 5% as NLNG CEO Warns of Steeper Decline
Nigeria’s position in the global liquefied natural gas (LNG) industry is facing growing pressure, with the country’s market share falling…
Petrol consumption drops by 52m litres amid higher prices
Nigeria’s petrol consumption recorded a slight decline in the first half of 2026 as persistently high pump prices continued to…
Banking Stocks Drive Nigerian Market to N288 Billion Gain Despite Widespread Selloff
The Nigerian stock market kicked off the new trading week on a positive note as strong buying interest in major…
Crypto exchanges face N10 million fine under new NRS tax rules
Nigeria’s cryptocurrency industry is entering a new era of stricter regulation as the Nigeria Revenue Service (NRS) has unveiled comprehensive…
DMO offers two savings bonds, sets minimum investment at N5,000
The Debt Management Office (DMO) has launched a fresh subscription window for two Federal Government Savings Bonds, giving Nigerians another…
Over 3,800 Young Nigerians Explore AI and Robotics at STEM Africa Fest in Lagos
More than 3,800 children, parents, teachers, and science enthusiasts gathered in Lagos for the sixth edition of STEM Africa Fest,…
Seplat Energy Reduces JV Stake To 30%, Sells 10% To NNPC For $281.6m
Seplat Energy Plc has announced a major strategic move after agreeing to sell a 10 percent working interest in its…
Mobile Money Transactions Hit N372tn as Nigeria’s Digital Payments Boom Accelerates – CBN
Nigeria’s digital payment revolution reached a new milestone in 2025 as mobile money transactions soared to N372.14 trillion, marking an…
Fixed-income Market: Investors Trade N29.4trn In July
Nigeria’s fixed-income market witnessed a remarkable surge in activity in July 2026, with investors trading securities worth ₦29.36 trillion, representing…
Banking Stocks Lift NGX Turnover by 32% to N404.7bn Despite Market Pullback
The Nigerian Exchange (NGX) recorded a sharp increase in trading activity in the final week of July 2026, with total…
Nigeria earns N24tn from crude exports in six months
Nigeria earned an estimated N24.02 trillion from crude oil exports between January and June 2026, reinforcing the country’s dependence on…
Top Nigeria Business Events to Watch This Week: NBS IGR Report, Investment Expo and Economic Updates
As a new week begins, attention is turning to a series of major economic events and policy announcements that could…
Brent crude slides $16 in eight trading days as Trump revives Iran peace talks
Global oil prices suffered a sharp decline after U.S. President Donald Trump announced renewed peace talks with Iran, easing fears…
Nigerian Stock Market Rebounds in July as FirstHoldCo Shines and Two Stocks Deliver Over 100% Gains
The Nigerian stock market bounced back strongly in July 2026, reversing much of June’s losses as investors returned to the…
NNPC Records Highest Profit in 10 Months as June Earnings Rise to ₦535 Billion
The Nigerian National Petroleum Company Limited (NNPC Ltd) has posted its strongest financial performance in nearly a year, reporting a…
Nigeria First Policy Must Work For Manufacturing Sector – Stakeholders
Nigeria’s manufacturing sector could be on the verge of a major transformation following the Federal Government’s introduction of the ‘Nigeria…
Nigeria’s $1tn economy by 2030 not slogan but target – Oyedele
Nigeria’s ambition to become a $1 trillion economy by 2030 is more than an ambitious promise—it is a measurable national…
CBN reforms strengthening naira, stabilising markets — United Capital
Nigeria’s ongoing economic reforms are beginning to deliver positive results, with United Capital Plc expressing confidence that the Central Bank…
NGX extends losing streak, investors lose N1.65 trillion in two days
The Nigerian Exchange (NGX) continued its downward trend on Thursday, with investors losing another N1.005 trillion in market value as…
Consumer Credit Falls to N3.8 Trillion as Banks Flag Over 13,000 BVNs for Fraud – CBN Report
Nigeria’s banking sector witnessed a significant shift in 2025 as outstanding consumer credit fell for the first time in six…
CBN Cuts One-Year Treasury Bill Yield as Investors Flood Auction with ₦3.62 Trillion Bids
The Central Bank of Nigeria (CBN) has lowered the stop rate on its one-year Treasury Bill after an overwhelming response…
Imported petrol now costs more than Dangote fuel – Report
The cost of importing Premium Motor Spirit (PMS), popularly known as petrol, has now surpassed the price of fuel supplied…