Dangote Cement Share Slump Wipes N4.23 Trillion Off Aliko Dangote’s Wealth Amid Market Repricing
Africa’s richest man, Aliko Dangote, has suffered a significant paper loss after a sharp decline in the share price of…
Category: Local
Tony Elumelu Steps Down as UBA Chairman After 12 Years, Emmanuel Nnorom to Lead Next Growth Phase
After more than a decade at the helm of one of Africa’s most influential financial institutions, Tony Elumelu is set…
FG, Dangote Refinery Meet Marketers Over Fair PMS Pricing as Fuel Costs Remain High
The Federal Government has intensified efforts to ensure fair pricing of Premium Motor Spirit (PMS), commonly known as petrol, by…
Oyedele Rejects IMF Claim of ₦8 Trillion Unreported Spending, Insists No Secret Budget Exists
The Federal Government has firmly rejected claims by the International Monetary Fund (IMF) that Nigeria spent more than ₦8 trillion…
Dangote Cement Sets Sights on 20% Emissions Reduction, 80MTPA Production Capacity by 2030
Dangote Cement Plc has announced an ambitious sustainability roadmap that will see the company reduce its net carbon dioxide (CO₂)…
OPEC+ Approves Fresh Oil Output Increase for August as Global Supply Recovery Gains Momentum
The OPEC+ alliance has approved another 188,000 barrels per day (bpd) increase in oil production for August 2026, signaling its…
Bank Recapitalisation Drained Funds from Nigeria’s Productive Economy, Says Adonri
Nigeria’s banking recapitalisation programme may have succeeded in strengthening the financial sector, but it came at a significant cost to…
NNPC Begins Evaluation of Chinese Refinery Partnership to Revive Port Harcourt and Warri Plants
The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced a detailed evaluation of its proposed partnership with Chinese firms…
Tinubu Secures $11.4bn World Bank Loans in Three Years, Nears Buhari’s Eight-Year Record
President Bola Tinubu’s administration has secured an impressive $11.4 billion in World Bank loan approvals within just three years, bringing…
Nigerian Businesses Hold Ground Despite Rising Costs and Credit Challenges, NESG Report Shows
Nigeria’s business sector continued to show resilience in June 2026, maintaining a steady level of confidence despite mounting economic pressures.…
Naira Remains Stable as CBN Tightens Policy and Rising Oil Output Strengthens FX Reserves
The Nigerian naira is maintaining a stronger footing in 2026, offering a sense of relief to businesses, investors, and consumers…
NGX Loses N13 Trillion in June: How Investors Can Spot Bargains and Avoid Value Traps
Nigeria’s stock market endured a turbulent June 2026, wiping out more than N13 trillion in investor wealth as widespread selloffs…
NGX Records N154bn Share Turnover as Trading Activity Surges 15% Despite Market Decline
Trading activity on the Nigerian Exchange (NGX) gained significant momentum in the week ended July 3, with investors exchanging shares…
SEC Approves 7 New Crypto Firms Under Regulatory Sandbox to Boost Nigeria’s Digital Asset Market
Nigeria’s digital asset industry has received a significant boost as the Securities and Exchange Commission (SEC) granted Approval-in-Principle (AIP) to…
Shell, Nigerian Banks Launch $3bn Oil Contractor Finance Scheme to Boost Local Content
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has joined forces with nine major Nigerian banks to unveil a $3…
CBN Targets N5.8 Trillion Treasury Bill Sales in Q3 as Maturing Securities Hit N2.64 Trillion
The Central Bank of Nigeria (CBN) is set to significantly ramp up its liquidity management efforts in the third quarter…
Dangote Refinery Slashes Fuel Prices Again as Nigerians Brace for More Relief at the Pumps
Dangote Petroleum Refinery has announced another reduction in the price of Premium Motor Spirit (PMS), offering fresh hope to millions…
Dangote Cement Raises Dividend by 50% as Shareholders Receive Record N753.8 Billion Payout
Dangote Cement Plc has rewarded its shareholders with a historic dividend payout after announcing a 50 per cent increase in…
NGX Extends Losing Streak as Investors Lose N877.9 Billion Amid Heavy Sell-Off in Banking Stocks
The Nigerian Exchange (NGX) recorded another difficult trading session on Thursday as investors lost an estimated N877.9 billion following widespread…
BOI Signs $170 Million iDICE Fund Deal to Accelerate Nigeria’s Tech and Creative Economy
Nigeria’s drive to strengthen its technology and creative industries has received a major boost as the Bank of Industry (BOI)…
Firm deploys AI, WhatsApp to boost learning in varsities
Nigeria’s education technology sector has received a significant boost with the launch of Gemnex, a new artificial intelligence-powered learning platform…
NNPC Revenue Drops by N636bn Despite Stable Oil Production as Profit Declines in May
Nigeria’s national oil company, the Nigerian National Petroleum Company Limited (NNPC), recorded a significant decline in revenue in May 2026,…
7 NGX-Listed Companies Set to Pay Dividends in July 2026 as Investors Eye Strong Returns
Despite recent volatility on the Nigerian Exchange (NGX), investors have something positive to look forward to in July 2026 as…
Naira Falls 1.1% in June Despite Strong FX Liquidity as Market Confidence Grows
Nigeria’s currency market showed signs of growing resilience in June 2026 as the naira recorded only a marginal decline despite…
Nigerian Stock Market Loses N2.39tn as Investors Dump Major Stocks in July Opening Trade
The Nigerian stock market began the month of July on a weak footing, wiping out N2.39 trillion in investor wealth…
NGX unveils 2025 midyear index assessment results
The Nigerian Exchange Limited (NGX) has announced the results of its highly anticipated 2025 Midyear Index Review, introducing significant changes…
CBN Revokes Licences of 46 Microfinance Banks Over Regulatory Violations
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country, citing their…
CBN Caps Suspension of Payment Obligations for Troubled Banks at Two Business Days
The Central Bank of Nigeria (CBN) has introduced a major regulatory update that limits the suspension of payment and delivery…
NGX Opens July with N2.39 Trillion Loss as Profit-Taking Hits Dangote Cement, Zenith Bank, Aradel
The Nigerian Exchange (NGX) began the month of July with a significant setback as investors lost approximately N2.39 trillion in…
Nigeria’s Consumer Credit Drops to N3.03 Trillion as Retail Loans Crash 42%
Nigeria’s consumer credit market suffered a major setback in February 2026, with total outstanding consumer loans dropping sharply to N3.03…