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Category: Local

AFC and NGX Boost Nigeria’s Capital Market Capacity to Fund Infrastructure Projects
BusinessFinanceLocal

AFC and NGX Boost Nigeria’s Capital Market Capacity to Fund Infrastructure Projects

Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, and Nigerian Exchange Limited (NGX), the country’s sustainable capital market champion,…

byayotilewaNovember 25, 2025
Nigerian Stock Market Slides Again as Sell-Offs Wipe N69 Billion from Market Capitalization
BusinessFinanceLocal

Nigerian Stock Market Slides Again as Sell-Offs Wipe N69 Billion from Market Capitalization

The Nigerian equities market continued its downward trend yesterday, closing in negative territory as widespread profit-taking weighed on investor sentiment.…

byayotilewaNovember 25, 2025
NNPC Sets June 2026 Deadline to Seal New Refinery Partnerships as Nigeria Targets Global Standards
BusinessEnergyLocal

NNPC Sets June 2026 Deadline to Seal New Refinery Partnerships as Nigeria Targets Global Standards

The Nigerian National Petroleum Company Limited (NNPCL) has set June 2026 as the deadline to select technical partners for its…

byayotilewaNovember 25, 2025
CBN Expected to Cut Interest Rate Again as Inflation Cools — Analysts Predict Up to 100bps Slash
BusinessLocalMacroeconomic

CBN Expected to Cut Interest Rate Again as Inflation Cools — Analysts Predict Up to 100bps Slash

As the Central Bank of Nigeria’s Monetary Policy Committee concludes its November meeting today, analysts widely expect another round of…

byayotilewaNovember 25, 2025
Lontor Hi-Tech Drives Sustainable Energy Growth with N1.2 Billion Investment
BusinessLocalTechnology

Lontor Hi-Tech Drives Sustainable Energy Growth with N1.2 Billion Investment

Lontor Hi-Tech Development Company has reinforced its commitment to sustainable energy and smart living with a N1.2 billion investment in…

byayotilewaNovember 24, 2025
Nigeria’s Tax Reform Push: How VAT, Free Zones and Capital Gains Changes Aim to Rebuild Fiscal Fairness
BusinessEconomyLocalMarket

Nigeria’s Tax Reform Push: How VAT, Free Zones and Capital Gains Changes Aim to Rebuild Fiscal Fairness

Nigeria’s push to rebuild fiscal fairness is reshaping how businesses, investors and everyday citizens experience taxation. After decades of oil-dependence,…

byayotilewaNovember 24, 2025
LASG to Invest N244.82 Billion Bond Proceeds in Key Sectors for Sustainable Growth
BusinessEconomyLocal

LASG to Invest N244.82 Billion Bond Proceeds in Key Sectors for Sustainable Growth

Lagos State Government (LASG) has unveiled plans to strategically deploy the proceeds from its latest bond issuance, totaling N244.82 billion,…

byayotilewaNovember 24, 2025
NGX Loses N6.4 Trillion as Investor Anxiety and Geopolitical Tensions Weigh on Market
BusinessLocalStock

NGX Loses N6.4 Trillion as Investor Anxiety and Geopolitical Tensions Weigh on Market

The Nigerian stock market has posted three consecutive weeks of losses, shedding over N6.4 trillion in market capitalisation as heightened…

byayotilewaNovember 24, 2025
Investor Demand for T-Bills Weakens as Treasury Falls 23% Short of Target
BusinessLocalMacroeconomic

Investor Demand for T-Bills Weakens as Treasury Falls 23% Short of Target

Investor appetite for T-Bills continued to weaken last week, leading to another undersubscription at the government’s latest auction. Despite the…

byayotilewaNovember 24, 2025
Audit Reveals N61 Billion in Payment Breaches at NNPC Ltd
BusinessEnergyLocal

Audit Reveals N61 Billion in Payment Breaches at NNPC Ltd

The Office of the Auditor-General for the Federation has uncovered major financial irregularities at the Nigerian National Petroleum Company Limited…

byayotilewaNovember 24, 2025November 24, 2025
FTN Cocoa, Unity Bank Shine as Nigerian Stocks Rally Amid Bearish Market – Week Ending Nov 21, 2025
BusinessLocalStock

FTN Cocoa, Unity Bank Shine as Nigerian Stocks Rally Amid Bearish Market – Week Ending Nov 21, 2025

The Nigerian stock market closed the week ending November 21, 2025, under bearish pressure, shedding 3,290.97 points to settle at…

byayotilewaNovember 24, 2025
Nigeria Sees Surge in Petrol Shipments After Government Suspends Import Duty
BusinessEnergyLocal

Nigeria Sees Surge in Petrol Shipments After Government Suspends Import Duty

Nigeria has recorded a significant surge in petrol shipments following the Federal Government’s decision to delay the implementation of a…

byayotilewaNovember 24, 2025
IMF Warns Rising Domestic Borrowing Increases Banks’ Debt Risks in Africa
FinanceLocalMacroeconomic

IMF Warns Rising Domestic Borrowing Increases Banks’ Debt Risks in Africa

The International Monetary Fund (IMF) has raised concerns that the surge in domestic borrowing across African nations is heightening the…

byayotilewaNovember 24, 2025
Nigeria’s SEC Implements T+2 Settlement Cycle to Boost Capital Market Efficiency
BusinessLocalMarket

Nigeria’s SEC Implements T+2 Settlement Cycle to Boost Capital Market Efficiency

The Securities and Exchange Commission (SEC) has announced that Nigeria’s capital market will transition to a T+2 settlement cycle for…

byayotilewaNovember 24, 2025
Stockbrokers Call for Technology-Driven Reforms to Transform Nigeria’s Capital Market
BusinessFinanceLocal

Stockbrokers Call for Technology-Driven Reforms to Transform Nigeria’s Capital Market

The Chartered Institute of Stockbrokers (CIS) has outlined strategic recommendations aimed at accelerating the transformation of Nigeria’s capital market. Speaking…

byayotilewaNovember 24, 2025
Startups and SMEs Urged to Embrace Debt Market Financing for Sustainable Growth
BusinessFinanceLocal

Startups and SMEs Urged to Embrace Debt Market Financing for Sustainable Growth

Nigerian startups and small-to-medium enterprises (SMEs) are being encouraged to rethink traditional fundraising strategies and embrace debt market financing as…

byayotilewaNovember 24, 2025November 24, 2025
States Accumulate ₦1.06tn Debt Despite Record 2024 Revenue Inflows
LocalMacroeconomic

States Accumulate ₦1.06tn Debt Despite Record 2024 Revenue Inflows

Despite receiving unprecedented federal allocations in 2024, Nigerian states accumulated a combined ₦1.06tn in unpaid contractor, pension, and gratuity arrears,…

byayotilewaNovember 24, 2025
Naira Weakens to ₦1,456.72/$ Amid Rising FX Demand Despite Growing Reserves
BusinessEconomyLocal

Naira Weakens to ₦1,456.72/$ Amid Rising FX Demand Despite Growing Reserves

The naira closed the week on a weaker note as pressure in the foreign exchange market pushed the currency down…

byayotilewaNovember 24, 2025
Nigeria’s 2026 Tax Reform Sparks Privacy Fears as FG Plans Digital Tracking of Remote Workers’ Income
LocalMacroeconomic

Nigeria’s 2026 Tax Reform Sparks Privacy Fears as FG Plans Digital Tracking of Remote Workers’ Income

Nigeria’s sweeping tax reform scheduled for January 2026 is stirring nationwide concern as questions grow over how much personal financial…

byayotilewaNovember 21, 2025
Nigeria EV Adoption Divides Experts as Senate Advances Green Mobility Bill
BusinessEnergyLocal

Nigeria EV Adoption Divides Experts as Senate Advances Green Mobility Bill

Nigeria’s journey toward electric vehicles (EVs) has taken a major legislative step with the Senate’s advancement of the Electric Vehicle…

byayotilewaNovember 21, 2025November 21, 2025
Nigeria’s Digital Health Revolution Stalled by Infrastructure, Power, and Data Challenges
LocalTechnology

Nigeria’s Digital Health Revolution Stalled by Infrastructure, Power, and Data Challenges

Nigeria’s ambition to transform its healthcare system through digital innovation is facing significant hurdles, according to participants at the Sixth…

byayotilewaNovember 21, 2025
Monetary Reforms Drive Inflation Decline and Forex Stability in Nigeria, Says CBN
LocalMacroeconomic

Monetary Reforms Drive Inflation Decline and Forex Stability in Nigeria, Says CBN

The Central Bank of Nigeria (CBN) has announced that the country’s economy is steadily recovering, citing a sharp drop in…

byayotilewaNovember 21, 2025
Lagos to Channel N244.82bn Bond Proceeds into Critical Infrastructure Development
BusinessFinanceLocal

Lagos to Channel N244.82bn Bond Proceeds into Critical Infrastructure Development

Lagos State has announced plans to invest N244.82 billion raised from its latest bond issuance into critical infrastructure across the…

byayotilewaNovember 21, 2025
Lagos and LCCI Call for Investment in Community-Owned Mini-Grids to Boost Power Access
BusinessEnergyinvestmentLocal

Lagos and LCCI Call for Investment in Community-Owned Mini-Grids to Boost Power Access

The Lagos State Government and the Lagos Chamber of Commerce and Industry (LCCI) are pushing for greater investment in Nigeria’s…

byayotilewaNovember 21, 2025
Nigerian Equities Market Slides as Capitalisation Drops by N292 Billion
BusinessLocalStock

Nigerian Equities Market Slides as Capitalisation Drops by N292 Billion

The Nigerian equities market extended its losing streak yesterday, with market capitalisation dropping sharply by N292 billion. Investors faced a…

byayotilewaNovember 21, 2025
VFD Group Redeems N12.8bn Commercial Paper, Strengthening Liquidity and Investor Confidence
BusinessinvestmentLocal

VFD Group Redeems N12.8bn Commercial Paper, Strengthening Liquidity and Investor Confidence

Investment powerhouse VFD Group has successfully redeemed its N12.83 billion Series 5 Commercial Paper (CP) under its N20 billion CP…

byayotilewaNovember 21, 2025
Strong Disinflation and Lower Interest Rates Set Stage for Ghana’s 2026 Economic Recovery
BusinessEconomyLocal

Strong Disinflation and Lower Interest Rates Set Stage for Ghana’s 2026 Economic Recovery

Ghana is poised for a significant economic rebound in 2026, thanks to strong disinflation trends and declining interest rates, according…

byayotilewaNovember 21, 2025
Afreximbank 9M’25 Financial Scorecard Highlights Strong Liquidity and Resilient Growth
BankingBusinessLocal

Afreximbank 9M’25 Financial Scorecard Highlights Strong Liquidity and Resilient Growth

African Export-Import Bank (Afreximbank) and its subsidiaries have released a robust financial performance report for the nine months ended September…

byayotilewaNovember 21, 2025
Dangote Group Strengthens SME Support at Kano International Trade Fair 2025
BusinessEconomyLocal

Dangote Group Strengthens SME Support at Kano International Trade Fair 2025

The Dangote Group is set to make a significant impact at the Kano International Trade Fair, running from November 22…

byayotilewaNovember 21, 2025
CBN Reforms Stabilise Naira and Lower Lending Rates Amid Inflation Moderation
BankingBusinessFinanceLocal

CBN Reforms Stabilise Naira and Lower Lending Rates Amid Inflation Moderation

The Central Bank of Nigeria (CBN) has reported that its ongoing monetary policy tightening and structural reforms are beginning to…

byayotilewaNovember 21, 2025

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