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Naira Gains N1.13, Closes at N1,346.49/$ as Week Ends on Positive Note
The naira ended the trading week on a stronger note, closing at N1,346.49 to the US dollar at the official foreign…
Five Firms Power Nigeria’s $120m Non-Oil Export Surge
Nigeria’s push to reduce its dependence on crude oil is gaining momentum, with five companies generating about…
Abuja Residents Protest 100% AEDC Electricity Tariff Increase as Power Costs Soar
Residents across the Federal Capital Territory are feeling the pressure of rising electricity costs after the Abuja…
UBA Graduate Who Addressed Tony Elumelu By First Name Gets ₦500,000, VIP Trip
A UBA graduate who recently became the centre of an online controversy after addressing businessman Tony Elumelu by…
Terrorists Break Into Niger Mosque, Abduct Worshippers
More than 60 worshippers were reportedly abducted from the Central Mosque in Dekara town, Borgu Local Government…
Nigeria’s Top Equity Mutual Funds: Zedcrest Leads With 88.58% Return in July 2026
Nigeria’s equity mutual fund market regained momentum in July 2026, with total net asset value (NAV) rising to…
Nigerian Stocks Extend Sell-Off as Haldane McCall Leads Weekly Gainers
Nigeria’s stock market extended its recent decline in the week ended August 21, with the NGX All-Share Index…
NGX Sell-Off Wipes Out N5.9tn as BUA Foods, MTN Nigeria Take Biggest Hit
The Nigerian equities market has suffered a sharp two-week sell-off, wiping approximately N5.9 trillion off its…
United Capital Insider Sells 3,651 Shares in N65,170 Deal
United Capital Plc has notified the Nigerian Exchange Limited (NGX) and the investing public of an insider share…
CBN Urges Nigerians to Embrace Digital Payments for Greater Financial Inclusion
The Central Bank of Nigeria (CBN) has called for wider adoption of digital and alternative payment channels as part…
FG Spends N30.6tn After Subsidy Removal, Says Reforms Generated N15.8tn
Thirty months after President Bola Tinubu removed the petrol subsidy, the Federal Government has disclosed that the…
Tony Elumelu’s Seplat Investment Doubles to Over $1bn as Shares Surge
Tony Elumelu’s investment in Seplat Energy has surged past the $1bn mark, more than doubling in value less than a…
Nigeria’s Oil Output Stagnates Five Years After PIA as Investment Gaps Persist
Five years after the Petroleum Industry Act (PIA) was introduced to bring greater certainty to Nigeria’s oil and…
FG Raises N7.2trn Through Bonds as Funding Gap Widens
The Federal Government has raised nearly N7.2 trillion through bond auctions in 2026, as it continues to rely…
Dangote Raises Petrol Price to N1,185 as Crude Oil Surges Above $93
The Dangote Petroleum Refinery has increased its petrol gantry price by N20 per litre, raising the cost from N1,165…
Nigeria’s Energy Inflation Falls Sharply to 4.37% in July as Price Pressures Ease
Nigeria’s energy inflation recorded a sharp slowdown in July, falling to 4.37 per cent from 9.83 per cent in June,…
Nigerian Stock Market Loses N5.4tn in 8 Days as Sell-Off Spreads Across Major…
The Nigerian stock market extended its losing streak on Thursday, August 20, as renewed selling pressure across…
NESG Projects Nigeria’s External Reserves to Hit $53bn by Year-End
Nigeria’s external reserves are projected to rise to about $53bn by the end of 2026, as the Nigerian Economic…
World Bank Targets 32 Million Nigerians for Electricity Access by 2032
The World Bank has unveiled an ambitious plan to connect 32 million Nigerians to electricity by 2032, as part of a…
Nigeria’s $22bn Oil Investment Slump Raises Fresh Capacity Concerns
Nigeria’s oil and gas industry is facing a major human-capacity challenge after annual investment in the sector…
Nigerian stocks slide for 7th day, but market pullback looks healthy
Nigeria’s stock market extended its losing streak to seven consecutive sessions on Wednesday, with the total market…
Geregu Power Pays N6bn Bond Debt After N40bn Repayment Default
Geregu Power Plc has reportedly paid the N6 billion owed to investors under its N40.09 billion Series 1 senior…
FG, Regulators Must Stabilise Oil Sector to Attract Fresh Investment — PENGASSAN
The Federal Government and oil sector regulators have been urged to create a more predictable and transparent…
Oil, Gas Reforms Must Deliver Projects, Higher Output — TotalEnergies
TotalEnergies EP Nigeria Limited Country Chair and Managing Director, Matthieu Bouyer, has urged the Federal…
Oyedele Gives Account of FG’s Reforms After President’s Directive
The Federal Government has defended the impact of President Bola Tinubu’s economic reforms, saying the removal of…
NGX loses N5 trillion as pre-election anxiety, profit-taking trigger sell-off
Nigeria’s equities market has lost about N5 trillion in seven trading sessions, as pre-election concerns and…
Nigeria’s Energy Inflation Falls to 4.37% in July, Lowest in Four Months
Nigeria’s energy inflation rate dropped sharply to 4.37% in July 2026, marking its lowest level in four months and…
Dollar Demand Falls 35% as Naira Gains Ground on FX Market
Nigeria’s demand for foreign exchange dropped sharply by 35.23 per cent to $3.42bn in April 2026, easing pressure…
NGX Extends Losses as Energy, Insurance Stocks Trigger N555.68bn Market Cap Drop
The Nigerian Exchange Limited (NGX) extended its losing streak on Wednesday as heavy profit-taking in energy and…
Nigeria Mobilised N15.8trn from Petrol Subsidy Removal in Two Years — Oyedele
Nigeria mobilised N15.8 trillion in resources from petrol subsidy savings between June 2023 and December 2025,…