CBN: Nigeria’s FX inflows hit $109.9 billion as autonomous sources drive growth
Nigeria’s foreign exchange (FX) inflows recorded a significant boost in 2025, reaching $109.86 billion, according to the Central Bank of…
Category: Local
Five vessels to deliver 154m litres of imported petrol
Nigeria’s fuel supply is set for another major boost as five vessels carrying approximately 154.2 million litres of imported Premium…
Nigeria Secures $4.5 Billion in Fresh Energy Investments
Nigeria has attracted more than $4.5 billion in fresh energy investment commitments, marking a major boost for the country’s oil…
Cash outside banks hits seven-month low, drops by N485.80 billion in 2026
Nigeria’s banking sector recorded a significant milestone in June 2026 as cash held outside banks dropped to N4.92 trillion, the…
Investors gain N74.1tr in one year as market value surges by 87%
Nigeria’s stock market has delivered one of its strongest performances in recent history, with investors gaining an impressive ₦74.1 trillion…
Nigerian Stock Market Slips Again as Profit-Taking Extends Losing Streak
The Nigerian equities market extended its losing streak on Monday as investors continued to lock in profits from last week’s…
CBN directive drives investment in data centres
Nigeria’s digital economy is set for a major boost following the Central Bank of Nigeria’s (CBN) directive requiring all payment…
Stock market opens week with N77bn decline
The Nigerian stock market began the new trading week on a weaker footing as investors recorded a combined loss of…
China’s Nigeria Investment Falls Despite $20bn Pledge
Despite a high-profile pledge of more than $20 billion in investment commitments, capital inflows from China into Nigeria have dropped…
Nigeria’s FX Market Hits Record $4.4 Billion Turnover
Nigeria’s foreign exchange market has reached a historic milestone, recording its highest weekly turnover of 2026 as trading activity surged…
Nigeria’s manufacturers say they are sinking, with no relief in sight
Nigeria’s manufacturing sector is facing one of its toughest periods in recent years as soaring production costs, expensive energy, and…
Top 10 Brokers Control Over 70% of NGX Trading as Investor Confidence Boosts Market Activity
Nigeria’s capital market continues to demonstrate remarkable strength as the top 10 stockbroking firms on the Nigerian Exchange (NGX) executed…
NGX Group delivers record First-Half 2026 performance
Nigerian Exchange Group (NGX Group) has delivered its strongest first-half financial performance on record, reporting remarkable growth across key financial…
Nigeria Reaffirms Commitment to IMF Reforms as Government Targets Stronger Economic Growth
The Federal Government has reaffirmed its commitment to working closely with the International Monetary Fund (IMF) as it continues implementing…
Microfinance Banks Seek Federal Govt’s Intervention, Regulatory Support
Microfinance banks in Nigeria have renewed their call for greater support from the federal government and monetary authorities, saying increased…
Nigeria LNG Train-7 Boosts Gas Export Prosperity Amid Global Demand
As global demand for liquefied natural gas (LNG) continues to surge, Nigeria is positioning itself to take advantage of the…
Nigeria FX Market Turnover Surges 83% to $4.38bn Amid CBN Liquidity Reforms
Nigeria’s official foreign exchange market witnessed a remarkable surge in trading activity as total turnover climbed by 83.38 percent to…
Stock market turnover surged by 54% to N306bn in five days
The Nigerian stock market delivered another impressive performance last week as trading activity on the Nigerian Exchange Limited (NGX) jumped…
NGX stocks to buy in August 2026 amid oil, rate pressures
As August approaches, investors on the Nigerian Exchange (NGX) are keeping a close eye on opportunities that could outperform despite…
Dangote blames importers for petrol sales policy reversal
The Dangote Petroleum Refinery has revealed that its decision to resume the sale of Premium Motor Spirit (PMS), popularly known…
Dangote reveals why London is preferred over Dubai for cement listing
Dangote Cement Plc has revealed why it is pursuing a secondary listing on the London Stock Exchange instead of Dubai,…
FMDQ: Outstanding corporate bonds hit N2.30 trillion in June 2026
Nigeria’s corporate bond market maintained its strong momentum in June 2026, with the total outstanding value of corporate bonds on…
Petrol Hits N1,400/Litre as Transport Fares Soar Across Nigeria Amid Global Oil Price Surge
Transport costs are climbing once again across several parts of Nigeria as the price of petrol rises to as high…
Tinubu Turns to World Bank Loans to Expand Social Programmes Amid Rising Poverty
President Bola Tinubu’s administration is increasingly relying on World Bank financing to drive its social investment agenda as it seeks…
Shettima advocates collaboration to shape AI, telecom policies
Vice President Kashim Shettima has called on African nations to unite in shaping the future of artificial intelligence (AI), telecommunications,…
Oil block bidding: Inside Nigeria’s seven-hour transparency test
Nigeria’s push to restore confidence in its upstream oil sector took a major step forward as the Nigerian Upstream Petroleum…
Dangote refinery secures record $2.5bn equity funding
Dangote Petroleum Refinery and Petrochemicals FZE has secured a record $2.5 billion in fresh equity funding, marking the largest publicly…
Nigeria’s Money Supply Rises to N133.25tn Despite CBN’s Tight Monetary Policy
Nigeria’s broad money supply increased to N133.25 trillion in June 2026, highlighting continued liquidity growth despite the Central Bank of…
FG Launches N729bn Power Sector Bond to Clear Legacy Debts, Boost Electricity Investment
The Federal Government has launched a N729 billion power sector bond as part of the second phase of its Presidential…
Inflows, FX reforms lift external reserves 58% under Cardoso
Nigeria’s external reserves have recorded a remarkable 58 per cent increase since Olayemi Cardoso assumed office as Governor of the…