Nigeria Ranked ‘Critical’ on 2025 Instability Risk Index Amid Rising Economic and Political Pressures
Nigeria has been placed in the “critical” category on SBM Intelligence’s 2025 Instability Risk Index, scoring 52 out of 100…
Category: Local
How CBN’s FX Reforms Spark $2.25 Billion Eurobond Surge for Nigeria
Nigeria has made a bold return to global capital markets with a $2.25 billion dual-tranche Eurobond issuance that surpassed expectations.…
Nigeria’s Public Debt Hits N152.39 Trillion in Q2 2025, NBS Reports
Nigeria’s public debt stock rose to N152.39 trillion in the second quarter of 2025, marking a 2.01% increase from the…
Nigeria Moves to T+2 Settlement Cycle, Eyes T+1 Transition to Boost Market Efficiency
Nigeria’s capital market has taken a historic step forward by officially transitioning to a T+2 settlement cycle, effective November 28,…
Nigeria’s GDP Rises to 3.98% in Q3 2025 as Agriculture and Industry Drive Economic Rebound
Nigeria’s economy continued its upward trajectory in the third quarter of 2025, with the National Bureau of Statistics (NBS) reporting…
SEC Intensifies Crackdown on Ponzi Schemes, Boosts Collaboration to Protect Nigerian Investors
The Securities and Exchange Commission has renewed its commitment to tackling Ponzi schemes in Nigeria by strengthening collaboration with key…
Nigeria’s GDP Slows To 3.98% In Q3 2025
Nigeria’s Gross Domestic Product slowed down to 3.98 per cent (year-on-year) in real terms in Q3 2025, lower than the…
CBN’s MPC Adjusts Policy Corridor to Boost Lending to Productive Sectors
The Central Bank of Nigeria (CBN) has taken a strategic step to encourage banks to redirect funds toward productive sectors…
Nigerian Stocks Plunge N6.5 Trillion in November Amid CGT Fears – NGX Records Historic Monthly Loss
The Nigerian equities market suffered its worst monthly decline in history in November 2025, losing a staggering N6.54 trillion in…
CBN Struggles to Recover N629 Billion Anchor Borrowers’ Loans, Audit Reveals
Nigeria’s Auditor General has raised serious concerns over the management of the Central Bank of Nigeria’s (CBN) flagship Anchor Borrowers’…
Experts Urge Nigeria to Sell Aging Refineries Amid N2.92 Trillion Investment in 2024
As the Nigerian National Petroleum Company Limited (NNPCL) weighs the future of the country’s refineries, energy experts are urging the…
OPEC Maintains Nigeria’s 1.5 Million BPD Oil Quota Through 2026
The Organisation of the Petroleum Exporting Countries (OPEC) has confirmed that Nigeria’s crude oil production quota will remain at 1.5…
Ghana T-Bill Auction Rebounds After Six Weeks, Oversubscription Hits 111%
After six weeks of muted activity, Ghana’s treasury bill market has staged a strong comeback, signaling renewed investor confidence. Fresh…
FG Cracks Down on Terror Financing: Nigerian Banks and Firms Face Prosecution
The Federal Government of Nigeria has pledged to take stringent action against banks, financial institutions, and accounting firms found aiding…
FCMB Named Nigeria’s Best SME-Focused Bank 2025, Leading N1.8 Trillion SME Disbursements
First City Monument Bank (FCMB) has been recognised as Nigeria’s Best SME-Focused Bank for 2025 by the Chartered Institute of…
Dangote Refinery Pledges 1.5 Billion Litres of Petrol Monthly to Boost Nigeria’s Fuel Security
Dangote Petroleum Refinery has confirmed it will supply 1.5 billion litres of Premium Motor Spirit (PMS) monthly, equivalent to 50…
NNPCL’s Crude-for-Loan Burden Hits N8.07tn: Eagle, Gazelle, Yield Projects Drive Debt Exposure
The Nigerian National Petroleum Company Limited (NNPCL) is grappling with a staggering N8.07tn in crude-backed loan obligations, according to its…
Naira Strengthens to 1,446/$ as Foreign Capital Inflows Hit $20.98bn
The Nigerian naira recorded a notable uptick last week, appreciating to 1,446.74 per dollar, a 0.69% increase from the previous…
Top 10 Nigerian Stockbrokers Transact N6.6 Trillion on NGX in 11 Months
Nigeria’s stock market witnessed significant activity in the first 11 months of 2025, with ten leading stockbroking firms facilitating trades…
Nigeria’s Refining Capacity Hits 62% Amid Crude Shortages and Technical Challenges
Nigeria’s oil refining sector continues to struggle with low utilisation despite having a combined installed capacity of 1.125 million barrels…
Nigerian Equities Market Suffers N6.5 Trillion Loss in November Amid Investor Caution
The Nigerian equities market recorded its worst monthly performance in history in November 2025, with a staggering N6.543 trillion wiped…
SEC Pledges Stronger Action Against Ponzi Schemes to Protect Nigerian Investors
The Securities and Exchange Commission (SEC) has reinforced its commitment to protecting Nigerian investors by pledging stronger collaboration with law…
Dangote Group Partners with Kano State to Boost Trade, SMEs, and Social Programmes at 2025 Trade Fair
The Dangote Group and the Kano State government have announced a strengthened partnership aimed at boosting business activities and social…
Google Unveils N3bn Investment to Boost AI Skills and Digital Safety in Nigeria
Google, through its philanthropic arm Google.org, has announced a major N3 billion (US$2.1 million) commitment to support Nigeria’s fast-growing digital…
Nigeria Imports 828m Litres of Petrol as Dangote Refinery Falls Short in October
Nigeria’s fuel security weakened in October after the Dangote Petroleum Refinery supplied only a fraction of the nation’s petrol needs,…
Naira Strengthens to N1,470/$ Amid Rising Forex Reserves as U.S. Dollar Index Gains
The Nigerian Naira showed mixed performance on Friday as it strengthened slightly in the unofficial market while softening in the…
NNPC Boosts Investment in Dormant Refineries to N2.92tn Amid Ongoing Revival Plans
The Nigerian National Petroleum Company Limited (NNPC) increased its investment in the country’s three non-operational refineries to N2.92 trillion in…
Nigeria’s Company Income Tax Surges 40% to N2.78 Trillion in Q2 2025
Nigeria’s Company Income Tax (CIT) collections skyrocketed in the second quarter of 2025, reaching a record N2.78 trillion. The latest…
Dangote Group Expands Fertiliser Production with Global Partnerships in Nigeria and Ethiopia
Dangote Group has launched a major expansion of its fertiliser operations in Nigeria and Ethiopia, partnering with leading global engineering…
FIRS Announces Three-Day IT System Shutdown for Maintenance Amid Tax Changes
The Federal Inland Revenue Service (FIRS) has announced a temporary shutdown of its information technology (IT) systems, affecting all online…