FG Unveils N54.43tn 2026 Budget as Soaring Debt Service Takes N15.91tn
The Federal Government has presented a N54.43tn national budget for 2026, unveiling a financial plan marked by a record-breaking deficit…
Category: Local
CBN Holds Interest Rate at 27% as Disinflation Advances and Economy Stabilises
The Central Bank of Nigeria has once again held the Monetary Policy Rate at 27 per cent, choosing caution as…
Nigeria’s GDP Set for 4.22% Rebound in Q4 2025 as Economy Strengthens — Report
Nigeria’s economy is expected to close the year on a stronger note, as analysts at CardinalStone project a rebound in…
Nigeria’s Cash Demand Hits N4.65 Trillion as Currency Circulation Surges
Nigeria’s appetite for physical cash has surged once again, with Currency Outside Banks (COB) rising to N4.65 trillion in October,…
Nigeria Targets $10 Billion Investment from 50 Oil Blocks to Boost 400,000 BPD Output
Nigeria is set to lease 50 oil blocks to investors in a bid to raise $10 billion and increase oil…
Nigerian Stock Market Hits 5-Year Low Amid Portfolio Realignment and CGT Uncertainty
The Nigerian stock market experienced its sharpest monthly loss in five years in November, as uncertainty over the Capital Gains…
NGX Surges N1.3 Trillion as Yuletide Rally Boosts Investor Confidence
Trading activity on the Nigerian Exchange Limited (NGX) picked up momentum yesterday, driven by expectations of a year-end yuletide rally.…
FG Launches $100 Million Equity Investment Scheme to Boost Nigerian Oil Companies
The Federal Government has announced a $100 million equity investment scheme to strengthen the capacity of Nigerian companies operating in…
Nigeria’s Business Confidence Index Hits 111.3 as Key Sectors Expand in October 2025
Nigeria’s business climate continued to show promising signs of recovery in October 2025, with the Business Confidence Index (BCI) rising…
Nigerian Crude Oil Surges Above $65 Amid Geopolitical Tensions and OPEC+ Decisions
Nigerian crude oil prices climbed above the $65 per barrel mark on Monday, driven by growing geopolitical tensions and supply…
Nigeria Stock Market Rebounds: Dangote Cement Spurs NGX 1.20% Gain
Nigeria’s equities market staged a strong recovery on Tuesday, December 2, 2025, as the Nigerian Exchange Group (NGX) All Share…
CBN Revises Cash Withdrawal Limits: What Nigerians Must Know About January 2026 Changes
The Central Bank of Nigeria (CBN) has announced major revisions to its cash withdrawal policies, set to take effect from…
CBN Dollar Intervention: Naira Settles at N1,447 as Central Bank Injects $537 Million
The Central Bank of Nigeria (CBN) intervened in the foreign exchange market with a total of $537 million in November,…
Nigerian tech firms’ multi-million dollar haul in 2025 fuels innovation across sectors
Nigeria’s tech ecosystem has continued to shine in 2025, with local and regional startups attracting significant multi-million dollar investments despite…
Nigeria Launches $100 Million Equity Fund to Boost Local Oil and Gas Producers
Nigeria is taking bold steps to strengthen its local oil and gas industry with the launch of a $100 million…
AI to Reshape 40% of Nigeria’s Job Skills by 2030, Fidelity Bank Executive Warns
Fidelity Bank Executive Director for Lagos and the South-West, Ken Opara, has warned that artificial intelligence is set to reshape…
FG Contractors Renew Protests Over Unpaid N500bn Debt, Block Finance Ministry
Local contractors under the All Indigenous Contractors Association of Nigeria on Tuesday returned to the Federal Ministry of Finance in…
Nigerian Startup MYai Robotics Launches Curation AI to Fight Misinformation in Real Time
In a significant boost for Africa’s tech ecosystem, Nigerian startup MYai Robotics has launched Curation AI, a revolutionary platform designed…
NUPRC Launches 2025 Oil Licensing Round with Fully Digital Bidding Portal
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially opened the 2025 Oil Licensing Round, unveiling a fully digital bidding…
NASS Champions Continuous Tax Reforms to Drive Nigeria’s Energy Transition
The Speaker of the House of Representatives, Hon. Tajudeen Abbas, has reaffirmed the National Assembly’s commitment to continuous tax reforms…
Nigerian Stock Market Opens December 2025 on Bearish Note, Sheds N200 Billion
The Nigerian stock market started December 2025 on a cautious and bearish note, shedding about N200 billion in market value.…
Naira Slips to N1,446/$1 in November Despite CBN’s Tightening Measures
The Nigerian naira ended November on a slightly weaker note, continuing a trend of volatility in the foreign exchange market.…
Champion Breweries Profit 2025 Set to Hit Record N3.12bn on Stable Naira and Cooling Inflation
Champion Breweries is poised to deliver its highest full-year profit in history, with analysts forecasting net income of N3.12 billion…
CBN, First Bank, BUA Among Top Abuja Land Defaulters: FCTA Revokes Over 1,000 Property Titles
The Federal Capital Territory Administration (FCTA) has officially listed more than 1,000 property owners, including major banks and companies, for…
Bank of Ghana Cuts Policy Rate to 18% Amid Falling Inflation and Strong Economic Recovery
The Bank of Ghana (BoG) has cut its policy rate by 350 basis points to 18 percent, signaling a decisive…
Nigeria Loses $10 Billion Annually to Post-Harvest Waste, Agritech CEO Warns
Nigeria is losing an estimated $9–10 billion each year due to post-harvest waste, a staggering loss that threatens food security,…
FCMB Named Nigeria’s Best SME Bank 2025, Leading SME Financing Across Key Sectors
First City Monument Bank (FCMB) has been named Nigeria’s Best SME Focused Bank for 2025 by the Chartered Institute of…
Nigeria’s Economic Growth Strengthens as PMI Hits 56.4 in November
The Nigerian economy continued its upward momentum in November as the Composite Purchasing Managers’ Index (PMI) rose to 56.4 points,…
TotalEnergies Sells 40% Stake in Nigerian Offshore Assets to Chevron to Boost Exploration
TotalEnergies has agreed to sell a 40% stake in its Nigerian offshore assets to Chevron, signaling a strategic reshuffle in…
Dangote Urges End to Fuel Imports, Says Nigeria Can Meet Local Demand
Aliko Dangote, President and CEO of Dangote Industries Limited, has called for an immediate end to Nigeria’s fuel imports, asserting…