Browsing Category
Local
Nigerian Stock Market Slides 0.33% Amid Negative Investor Sentiment
The Nigerian equities market experienced a downturn on Tuesday, as sustained negative sentiment pushed the…
Nigeria Bans Cash Payments for Government Revenues to Boost Transparency
In a major step to enhance transparency and accountability, Nigeria’s Federal Government has banned the collection…
Seplat Energy Trains 35 Journalists in Edo and Delta to Boost Media Skills
Seplat Energy has successfully hosted a two-day capacity-building workshop for 35 journalists from Edo and Delta…
Human-Centred AI Transforms Manufacturing and Supply Chain Resilience
Edward Isoghie, a leading expert in human-centred artificial intelligence (AI), industrial cyber resilience, and…
NNPC Sets 36-Year Production Record as Nigeria’s Upstream Revival Gains Momentum
The Nigerian National Petroleum Company (NNPC) has achieved a historic milestone, recording its highest crude oil…
CBN Unveils Fresh Push to Expand Agricultural Lending as Cardoso Sets New…
The Central Bank of Nigeria (CBN) has announced a renewed drive to increase agricultural lending, which currently…
FG Launches N590bn Bond to Begin Repayment of N4tn Power Sector Debt
The Federal Government has officially begun tackling the long-standing N4tn debt owed to power generation companies…
UACN Stock Rise Hits 22.7% in December’s First Week, Eyes N100 Milestone
Shares of UAC of Nigeria Plc (UACN) soared by 22.69% in the first trading week of December 2025, propelling its…
European Markets Edge Higher Ahead of Federal Reserve Rate Decision
European markets saw modest gains on Tuesday as investors kept a close eye on the U.S. Federal Reserve’s upcoming…
Nigeria Transport Sector Growth Slows to 9.87% in Q3 2025 Amid Infrastructure…
Nigeria’s transport sector growth decelerated to 9.87 percent in the third quarter of 2025, reflecting ongoing…
Nigerian Software Testers Call for Stricter Quality Standards to Boost Digital…
Software testers across Nigeria have called for stricter quality standards and enhanced software testing practices…
FG Bans Cash Payments in MDAs, Mandates POS Terminals for All Federal Revenue
The Federal Government of Nigeria has officially banned the use of physical cash for revenue payments across all…
NNPC Receives $185 Million and N14.9 Billion from Frontier Exploration Fund –…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that the Nigerian National Petroleum…
Insurance and Banking Stocks Boost NGX Market Capitalisation by N247bn
The Nigerian Exchange Limited (NGX) opened the week on a positive note as market capitalisation surged by N247.21…
Naira Records Mild Depreciation at Official FX Market to N1,451.86/$
Nigeria’s currency saw a modest decline at the official foreign exchange market on Monday, closing at N1,451.86/$,…
FG, SEC, and NGX Collaborate on Capital Gains Tax Reform to Boost Investor…
The Federal Government has launched the National Tax Policy Implementation Committee (NTPIC) to oversee the rollout…
FG Directs MDAs to Roll Over 70% of 2025 Capital Budget into 2026
The Federal Government (FG) has directed all ministries, departments, and agencies (MDAs) to roll over 70% of their…
Dangote Refinery and Stronger Naira Drive Petrol Prices Down in Nigeria
Petrol prices in Nigeria have started trending downward, offering some relief to consumers facing rising energy…
Nigeria Advances T+1 Settlement and Market Reforms to Boost Investor Confidence
The Securities and Exchange Commission (SEC) of Nigeria has unveiled a comprehensive set of reforms aimed at…
10 Nigerian Stocks That Skyrocketed Over 1500% Since 2015
Since 2015, the Nigerian Exchange (NGX) has witnessed remarkable growth, outpacing broader economic trends. The…
Nigerian SMEs Halt Spending as 2026 Tax Reforms Spark Nationwide Uncertainty
Nigeria’s small and medium-sized enterprises (SMEs) are slowing spending, delaying expansion, and holding back…
CBN Confirms 82 Licensed BDCs Under New Tougher Rules
The Central Bank of Nigeria has officially confirmed that only 82 Bureaux De Change (BDCs) have met the…
FG Cuts Oil Block Entry Fee to $3m as 2025 Licensing Round Opens
The Federal Government has significantly reduced the financial entry barrier for oil investors as the 2025…
Banks Slash Central Bank Deposits by N2.22 Trillion After CBN Interest Rate…
Banks in Nigeria significantly reduced their deposits at the Central Bank of Nigeria (CBN) last month, pulling back…
How Chevron Nigeria’s Strategic Infrastructure Safeguards Strengthened Oil…
Chevron Nigeria is ramping up its deepwater oil production in a strategic effort to expand growth opportunities…
Nigeria’s Economic Growth Cosmetic, Leaving Citizens in Poverty – Expert Warns
Former NACCIMA President Dele Kelvin Oye has cautioned that Nigeria’s celebrated economic growth masks the harsh…
Investors Flock to High-Value Industrial Stocks as Nigerian Market Ends Year…
As 2025 nears its close, Nigerian equities saw a surge in investor activity, particularly in high-value industrial…
NITDA Warns Nigerians About ChatGPT Vulnerabilities That Risk Data Leakage
The National Information Technology Development Agency (NITDA) has raised alarm over newly discovered…
Diesel Prices Surge 9.45% in October to N1,398/Litre Amid Supply and Market…
Nigeria’s average retail diesel price rose sharply in October 2025, climbing 9.45 percent month-on-month to…
BII and FCMB Launch $50M Credit Facility to Empower Northern Nigerian MSMEs
British International Investment (BII), the UK’s development finance institution, has joined forces with First City…