Seplat Energy vs Oando Plc: Which Nigerian Oil Giant is Performing Better in 2025?
Seplat Energy and Oando Plc, two of Nigeria’s leading oil and gas firms, released their unaudited results for the nine…
Category: Local
NUPRC to Launch 2025 Oil Licensing Round on December 1, Aims to Boost Nigeria’s Energy Production
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially announced that the 2025 Oil Licensing Round will commence on December…
Senate Rebukes NNPCL Over N210 Trillion Discrepancies, House Adjourns Abruptly
The Nigerian Senate has strongly rebuked the Nigerian National Petroleum Company Limited (NNPCL) for failing to appear at a scheduled…
NDIC Urges Bank Customers to Open Alternative Accounts for Faster Fund Access
The Nigeria Deposit Insurance Corporation (NDIC) has urged bank customers nationwide to open and maintain alternative accounts in other financial…
CBN, Finance Ministry Launch DGAS to Curb Inflation and Drive 7% GDP Growth
The Central Bank of Nigeria (CBN) and the Federal Ministry of Finance have launched a joint economic framework, the Dis-Inflation…
Only 44% of Social Benefits Reach Poor Nigerians, Warns World Bank
A new World Bank report has revealed that Nigeria’s social safety-net programs are failing to reach the citizens who need…
Edun Reassures Stockbrokers on Balanced Capital Gains Tax Implementation in Nigeria
The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, has reassured stockbrokers and investors that the…
UBA GMD Advocates New Financing Model to Boost Africa’s Competitiveness
The Group Managing Director of United Bank for Africa (UBA) Plc, Oliver Alawuba, has urged the adoption of a new…
N4.64tn Wiped Off NGX Market Cap as Stocks Suffer Worst Decline Since 2010
The Nigerian stock market suffered its sharpest single-day fall in over a decade on Tuesday, as bearish sentiment sent the…
Nigeria’s $2.25bn Eurobond Success Reignites Global Investor Confidence
Nigeria has successfully raised $2.25 billion through a dual-tranche Eurobond, marking a significant comeback to the international capital market. The…
Africa’s Green Energy Future Hinges on Skilled Project Managers – PMI Warns
The Project Management Institute (PMI) has cautioned that Africa’s ambition to lead in the global green energy transition may fail…
ALTON Flags Regulatory Conflicts in Nigeria’s National Digital Economy Bill 2025
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has raised concerns over potential regulatory conflicts in the proposed National…
Summit Bank Unveils Ethical Banking Vision to Promote Inclusive Financial Growth in Nigeria
Nigeria’s newest non-interest financial institution, Summit Bank Ltd, has reaffirmed its commitment to delivering ethical and inclusive banking services across…
Tinubu to Sign National Digital Economy Bill into Law This Week, Boosting Nigeria’s $1 Trillion Growth Vision
President Bola Ahmed Tinubu is set to sign the National Digital Economy and E-Governance Bill 2025 into law this week,…
ASO Savings Leads Gainers as Nigerian All-Share Index Falls Below 149,000 Points
The Nigerian stock market closed lower on Monday, November 10, as the All-Share Index (ASI) slipped by 742.91 points to…
Nigerian Companies Announce Q3 2025 Dividends Totaling N234.9 Billion
Nigeria’s equity market saw a strong wave of dividend announcements in the third quarter of 2025, with twelve companies listed…
Experts Urge Productive Investments as Key to Nigeria’s Eurobond Repayment
Nigeria’s recent $2.35 billion Eurobond issuance, its largest in four years, has reignited discussions on the country’s debt sustainability and…
Nigeria’s FX Inflows Hit Five-Month High as Investor Confidence Surges
Nigeria’s foreign-exchange (FX) market recorded a remarkable rebound in October, reaching a five-month high as both foreign and domestic investors…
Nigeria Debt Hits N91.99 Trillion as Investors Brace for Higher Interest Rates
Nigeria’s total debt surged to N91.99 trillion last week as investors sold off bonds and Treasury bills in anticipation of…
Tinubu Orders Siemens Energy to Upgrade Major Power Substations to Three Phases
President Bola Tinubu has directed Siemens Energy to expand Nigeria’s major power substations from two to three phases, signaling a…
Nigeria Crude Oil Earnings Drop by N824.66 Billion in 2024 Despite Revenue Growth
Nigeria’s crude oil and gas sector experienced a significant decline in profitability in 2024, with gross earnings falling by N824.66…
AI in Africa: How Kora’s Sundown Sessions is Shaping the Continent’s Digital Future
Lagos recently played host to a landmark event that is sparking conversations about Africa’s digital future. Kora, a leading payment…
Nigerian Stocks Fall as Profit-Taking Wipes Out ₦471.99bn — NGX Opens Week on Bearish Note
The Nigerian stock market opened the week on a bearish note, with the Nigerian Exchange Limited (NGX) recording a ₦471.99bn…
Crucial Things to Consider When Buying Shares in Nigeria’s Stock Market
Investing in stocks remains one of the most powerful ways to build wealth, but it requires strategy, discipline, and knowledge.…
Dangote Refinery’s Price Slash May End Petrol Imports in Nigeria as Marketers Shift Focus to Local Supply
Nigeria’s petroleum market is bracing for a major shift as marketers consider halting petrol imports following a fresh price cut…
Nigerian Banks Earn Record N14.7tn Interest Income in Nine Months Amid High-Rate Economy
Nine of Nigeria’s biggest banks collectively earned a staggering ₦14.7 trillion in interest income between January and September 2025, according…
Lagos State Launches N214.8bn Bond to Fund Infrastructure and Green Projects
Lagos State has officially launched a dual bond offering worth N214.8 billion, marking its largest capital market move to date.…
Nigeria Seeks $500 Million World Bank Loan to Boost MSME Financing
The Federal Government of Nigeria has formally requested a $500 million loan from the World Bank to improve financing for…
Dollar Inflows Into Nigeria Jump 62% in October, Boosting Investor Confidence
Nigeria’s foreign exchange market recorded a major rebound in October as total dollar inflows into Nigeria climbed by 62.2 percent…
Nigeria, IMF Strengthen Partnership on Economic Reforms and 2026–2030 Growth Plan
Nigeria has reaffirmed its commitment to evidence-based policymaking and inclusive economic transformation as the global economy pivots toward reform-driven growth.…