Nigeria’s Domestic Debt Hits N6.17 Trillion in Six Months as FG Seeks to Bridge Budget Deficit
The Federal Government of Nigeria (FG) has borrowed a total of N6.17 trillion from the domestic debt market within the…
Category: Local
Nigeria and Denmark Sign Landmark MoU to Boost Digital Innovation and Technology Collaboration
Nigeria and Denmark have taken a significant step toward deeper technological collaboration by signing a Memorandum of Understanding (MoU) focused…
NNPC Remits over N10tn to Federation in 8 Months, Records N4.2tn Revenue in August
The Nigerian National Petroleum Company Limited (NNPC) has remitted a staggering N10.073 trillion to the Federation Account between January and…
Enko Capital Launches $100m Private Credit Fund to Bridge Africa’s Financing Gap
Enko Capital, an Africa-focused alternative asset manager, has secured $100 million in the first close of its impact-driven private credit…
Nigeria Spends 35% of 2024 Budget on Debt Service as Fiscal Deficit Hits ₦13.51 Trillion
The Federal Government of Nigeria spent a staggering ₦12.36 trillion servicing debts in 2024, representing 35.26% of the entire ₦35.05…
West African Development Bank Secures Record €1 Billion 15-Year Bond to Boost Regional Growth
In a landmark move for Africa’s financial markets, the West African Development Bank (BOAD) has successfully issued a €1 billion…
Lagos Partners with AFD, EU, and EIB on €360m Omi Eko Ferry Project
The Lagos State Government has launched a groundbreaking €360 million water transport initiative, known as the Omi Eko Project, aimed…
Nigeria’s Reform Push Fuels Market Rally as NGX Surges Past 151,000 Points
Nigeria’s stock market continued its upward momentum this week, hitting a new all-time high as investors responded positively to ongoing…
BUA Foods, Aradel Lift Nigerian Stocks as All-Share Index Smashes 150,000 Mark — Highest Ever Level
The Nigerian stock market hit a historic milestone on Tuesday, October 22, 2025, as the All-Share Index (ASI) surged past…
Reps Split Over Motion to Shield Dangote Refinery From Labour Unions Amid Economic Concerns
The House of Representatives was sharply divided on Tuesday over a motion seeking to protect the Dangote Refinery and other…
Dangote Plans to Double Refinery Capacity to 1.4 Million Barrels Per Day with Middle Eastern Funding
Africa’s richest man, Aliko Dangote, has unveiled bold plans to expand the Dangote Refinery from its current 650,000 barrels per…
Nigeria Targets 20 Million New Internet Users With $Mega Fibre-Optic Expansion
The Federal Government has unveiled a landmark digital infrastructure project designed to connect 20 million new internet users across Nigeria.…
Petrol Imports Still Dominate Nigeria’s Fuel Supply Despite Dangote Refinery Boost
Nigeria consumed a total of 613.6 million litres of petrol between October 2024 and October 10, 2025, with imported fuel…
FIRS to End Multiple Federal Taxes by 2026 as New Tax Regime Simplifies Business Compliance
The Federal Inland Revenue Service (FIRS) has announced that beginning January 1, 2026, a new tax regime will officially take…
Nigeria Launches Nationwide Revenue Recovery Drive to Boost Fiscal Transparency and Curb Leakages
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), in partnership with the Federal Inland Revenue Service (FIRS), has launched a…
FG Commends Stockbrokers’ $1 Trillion Economy Drive as 48 Members Earn Fellowship
The Federal Government has applauded the Chartered Institute of Stockbrokers (CIS) for championing advocacy efforts aimed at steering Nigeria toward…
UNIONDICON, EUNISELL Lead Gainers as Nigerian All-Share Index Surges Past 149,000 Points
The Nigerian stock market extended its bullish momentum on Monday, October 20, 2025, as the All-Share Index (ASI) climbed by…
BUA Foods Emerges as Nigeria’s Fastest-Growing Food Powerhouse with ₦1.53 Trillion Revenue in 2024
BUA Foods Plc has cemented its position as one of Nigeria’s fastest-growing consumer goods giants, earning ₦1.53 trillion in revenue…
Transcorp Hotels Records ₦22.4bn Q3 Profit as Revenue Jumps 49%, Reinforcing Hospitality Leadership in Nigeria
Transcorp Hotels Plc, a subsidiary of Transnational Corporation Plc, has reported a robust 36 per cent growth in its profit…
Nigeria’s 2026 Tax Reform: Firms to Receive 5% Annual Tax Credit Under New Simplified Regime
Nigeria’s tax landscape is set for a major transformation as the federal government unveils a new tax regime effective January…
ChatGPT Subscription Costs to Rise in Nigeria as OpenAI Implements 7.5% VAT from November 1
Starting November 1, 2025, Nigerian users of ChatGPT will experience a price hike as OpenAI begins implementing a 7.5% Value…
NGX Kicks Off Week Strong with ₦611bn Gain as Investors Bet Big on BUA Cement and Industrial Stocks
The Nigerian Exchange Limited (NGX) started the new trading week on a bullish note as market capitalisation soared by ₦611…
Naira Holds Firm at ₦1,475/$ as CBN Tightens FX Controls Amid Late-2025 Market Stability
The Nigerian naira maintained relative stability at ₦1,475 per dollar last week, reflecting the Central Bank of Nigeria’s (CBN) intensified…
NCC Blames Poor Telecom Service in Lagos and Abuja on Network Congestion, Pushes for Faster 5G Expansion
The Nigerian Communications Commission (NCC) has attributed the persistent poor quality of telecom services in Lagos, Abuja, and other major…
FG’s $2.35bn External Borrowing Plan: DMO Explains Eurobond Strategy to Boost Naira, Refinance Debt
The Federal Government’s proposed $2.35 billion external borrowing plan is a carefully balanced strategy aimed at financing the 2025 national…
Nigeria Targets 40% GDP Growth by 2030 Through AfCFTA — Government Deepens Trade, Industrial Reforms
The Federal Government has announced an ambitious plan to grow Nigeria’s Gross Domestic Product (GDP) by 40 percent by the…
Firm launches AI marketing platform to boost businesses
Northbrix, the parent company of CyBrixTeam.ai, has officially launched what it calls the world’s first Agentic Integrated Marketing Environment (IME)…
CBN’s 24–48 Hour ATM Refund Rule Gets Strong Backing from Customers’ Group
The Bank Customers Association of Nigeria (BCAN) has voiced strong support for the Central Bank of Nigeria’s (CBN) proposed guidelines…
Fintech Innovator Qore Drives Digital Transformation for Nigeria’s Microfinance Banks
Nigeria’s microfinance sector is celebrating 20 years of empowering small businesses, entrepreneurs, and low-income households with access to essential financial…
IMF Urges Nigeria and Sub-Saharan Africa to Embrace Blended Finance, Tax Reforms to Boost Sustainable Growth
The International Monetary Fund (IMF) has issued a stark warning to Nigeria and other Sub-Saharan African countries, urging urgent reforms…