Nigeria Transport Sector Growth Slows to 9.87% in Q3 2025 Amid Infrastructure Challenges
Nigeria’s transport sector growth decelerated to 9.87 percent in the third quarter of 2025, reflecting ongoing infrastructural challenges that continue…
Category: Local
Nigerian Software Testers Call for Stricter Quality Standards to Boost Digital Trust
Software testers across Nigeria have called for stricter quality standards and enhanced software testing practices to ensure trust in the…
FG Bans Cash Payments in MDAs, Mandates POS Terminals for All Federal Revenue
The Federal Government of Nigeria has officially banned the use of physical cash for revenue payments across all Ministries, Departments,…
NNPC Receives $185 Million and N14.9 Billion from Frontier Exploration Fund – NUPRC Confirms
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that the Nigerian National Petroleum Company Limited (NNPC Ltd) has received…
Insurance and Banking Stocks Boost NGX Market Capitalisation by N247bn
The Nigerian Exchange Limited (NGX) opened the week on a positive note as market capitalisation surged by N247.21 billion on…
Naira Records Mild Depreciation at Official FX Market to N1,451.86/$
Nigeria’s currency saw a modest decline at the official foreign exchange market on Monday, closing at N1,451.86/$, up slightly from…
FG, SEC, and NGX Collaborate on Capital Gains Tax Reform to Boost Investor Confidence
The Federal Government has launched the National Tax Policy Implementation Committee (NTPIC) to oversee the rollout of Nigeria’s new capital…
FG Directs MDAs to Roll Over 70% of 2025 Capital Budget into 2026
The Federal Government (FG) has directed all ministries, departments, and agencies (MDAs) to roll over 70% of their 2025 capital…
Dangote Refinery and Stronger Naira Drive Petrol Prices Down in Nigeria
Petrol prices in Nigeria have started trending downward, offering some relief to consumers facing rising energy costs. Industry experts attribute…
Nigeria Advances T+1 Settlement and Market Reforms to Boost Investor Confidence
The Securities and Exchange Commission (SEC) of Nigeria has unveiled a comprehensive set of reforms aimed at strengthening market efficiency,…
10 Nigerian Stocks That Skyrocketed Over 1500% Since 2015
Since 2015, the Nigerian Exchange (NGX) has witnessed remarkable growth, outpacing broader economic trends. The All-Share Index, which hovered around…
Nigerian SMEs Halt Spending as 2026 Tax Reforms Spark Nationwide Uncertainty
Nigeria’s small and medium-sized enterprises (SMEs) are slowing spending, delaying expansion, and holding back investment as the country edges toward…
CBN Confirms 82 Licensed BDCs Under New Tougher Rules
The Central Bank of Nigeria has officially confirmed that only 82 Bureaux De Change (BDCs) have met the requirements to…
FG Cuts Oil Block Entry Fee to $3m as 2025 Licensing Round Opens
The Federal Government has significantly reduced the financial entry barrier for oil investors as the 2025 licensing round begins. According…
Banks Slash Central Bank Deposits by N2.22 Trillion After CBN Interest Rate Adjustment
Banks in Nigeria significantly reduced their deposits at the Central Bank of Nigeria (CBN) last month, pulling back N2.22 trillion…
How Chevron Nigeria’s Strategic Infrastructure Safeguards Strengthened Oil Production
Chevron Nigeria is ramping up its deepwater oil production in a strategic effort to expand growth opportunities across the country.…
Nigeria’s Economic Growth Cosmetic, Leaving Citizens in Poverty – Expert Warns
Former NACCIMA President Dele Kelvin Oye has cautioned that Nigeria’s celebrated economic growth masks the harsh realities faced by its…
Investors Flock to High-Value Industrial Stocks as Nigerian Market Ends Year Strong
As 2025 nears its close, Nigerian equities saw a surge in investor activity, particularly in high-value industrial stocks, boosting market…
NITDA Warns Nigerians About ChatGPT Vulnerabilities That Risk Data Leakage
The National Information Technology Development Agency (NITDA) has raised alarm over newly discovered vulnerabilities in ChatGPT that could put Nigerian…
Diesel Prices Surge 9.45% in October to N1,398/Litre Amid Supply and Market Pressures
Nigeria’s average retail diesel price rose sharply in October 2025, climbing 9.45 percent month-on-month to N1,398.57 per litre, according to…
BII and FCMB Launch $50M Credit Facility to Empower Northern Nigerian MSMEs
British International Investment (BII), the UK’s development finance institution, has joined forces with First City Monument Bank (FCMB) to launch…
Nigeria’s GDP Growth Projected at 4.1% in 2026 Driven by Non-Oil Sector Expansion
Nigeria’s economy is set to expand at a moderate pace in 2026, with GDP growth projected at 4.1 per cent,…
Ellah Lakes Public Offer Extended to 19 December 2025 Amid Rising Investor Demand
Ellah Lakes Plc has officially extended its public offer for 18.8 billion shares at N12.50 each to 19 December 2025,…
Fidson, MeCure, or Neimeth: Which Nigerian Pharma Stock Offers the Best Investment Value in 2025?
Investors seeking opportunities in Nigeria’s pharmaceutical sector have three notable options: Fidson Healthcare Plc, MeCure Industries Plc, and Neimeth International…
Bazara Tech Launches Manovar: AI-Powered Corporate Banking Platform Transforming Africa’s Financial Sector
Bazara Tech has officially launched Manovar, an AI-powered corporate banking and asset management platform designed to unify fragmented systems, automate…
BREAKING: Nigeria’s external reserves surpass $45 billion – first time in 6 years
Nigeria’s external reserves have officially crossed the $45 billion mark, marking the first time in six years that the country…
Naira Set to Break N1,445/$ as Fed Rate Cut Expectations Boost Nigerian Currency
The Nigerian Naira has maintained relative stability against the US dollar in the official market, even as expectations build for…
FG, SEC, NGX Unite to Ensure Smooth Capital Gains Tax Reform in Nigeria
The Federal Government (FG) has launched the National Tax Policy Implementation Committee (NTPIC), signaling a deliberate and coordinated approach to…
Nigerian Stock Market Surges N2.44tn Driven by ICT and Banking Stocks
The Nigerian Exchange Limited (NGX) closed the week on a high note, with the market surging by N2.44 trillion, thanks…
Nigerian Insurance Leaders Push for Tech-Driven Growth as Sector Seeks Wider Reach
Stakeholders in Nigeria’s insurance industry are calling for urgent technology-driven solutions to expand the sector and strengthen its ability to…