Nigeria Leads Africa in IMD Economic Performance Ranking Despite Competitiveness Challenges
Nigeria has been ranked as the highest-performing economy in Africa on the economic performance pillar of the International Institute for…
Category: Local
NGX Rebounds as Airtel Africa Drives N652.8bn Market Gain Amid Persistent Selling Pressure
Nigeria’s stock market ended June on a positive note as renewed investor interest in Airtel Africa and other blue-chip stocks…
World Bank Approves $1.25bn Nigeria Loan Amid Growing Debt Concerns and Economic Reform Push
The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs…
Nigeria’s $1.5bn Abu Dhabi Drawdown to Cut Borrowing Costs, Says Oyedele
Nigeria’s decision to access only $1.5 billion from its $5 billion financing arrangement with First Abu Dhabi Bank (FAB) is…
Cash Outside Banks Hits One-Year High of N5.19 Trillion, Accounts for 91.3% of Nigeria’s Currency in Circulation
Nigeria’s reliance on cash remains remarkably strong, as new data from the Central Bank of Nigeria (CBN) shows that cash…
Naira Ends June at N1,376/$ as Forex Market Weathers Volatility and Maintains Stability
The Nigerian naira closed June 2026 at N1,376 against the United States dollar in the official foreign exchange market, ending…
Dangote Refinery Turns to UAE Crude as Nigeria’s Supply Crisis Deepens
Nigeria’s ongoing crude oil supply challenges have come under fresh scrutiny following Dangote Petroleum Refinery’s decision to import its first-ever…
Nigeria Eyes Return to Global Debt Market with First Eurobond Sale Since November
Nigeria is taking significant steps toward re-entering the international debt market as the Debt Management Office (DMO) begins preparations for…
Nigeria’s Economic Gains Face Tough Test as Inflation, Debt and Election Risks Cloud H2 2026 Outlook
Nigeria entered 2026 on a relatively strong footing, buoyed by a recovering naira, easing inflationary pressures and stronger economic growth…
Nigeria Stock Market Records Historic N13.3 Trillion Loss in June as Investor Selloff Deepens
Nigeria’s stock market experienced its worst month on record in June 2026, with investors losing a staggering N13.29 trillion in…
Fuel Pricing Reform Takes Center Stage as FG Moves to Protect Nigerians from Unfair Petrol Costs
The Federal Government has announced fresh efforts to address growing concerns over fuel pricing in Nigeria, assuring citizens that discussions…
Nigeria’s Money Market Set for N500bn Liquidity Boost as OMO Bills Mature
Nigeria’s money market is expected to receive a significant boost this week as approximately N500 billion from maturing Open Market…
Ethiopia Secures Landmark $1 Billion Bond Restructuring Deal as Investor Confidence Rebounds
Ethiopia has taken a major step toward resolving its long-running debt crisis after reaching a preliminary agreement with key bondholders…
Nigeria’s Oil Windfall Has an Expiry Date as Experts Warn of Looming Revenue Risks
Nigeria’s recent surge in oil revenue may appear to signal a stronger economic outlook, but analysts are warning that the…
DMO unveils N4 trillion FGN Bond auction plan for Q3 2026
Nigeria’s Debt Management Office (DMO) has announced an ambitious Federal Government of Nigeria (FGN) Bond issuance plan worth approximately N4…
FEC Approves $2.9 Billion Financing Package to Boost Transport, Agriculture, Power and MSMEs
The Federal Executive Council (FEC) has approved a massive financing package worth approximately $2.96 billion, €200 million and N215 billion…
Nigeria Gas Flaring Rises 8% as Global Waste of Natural Gas Hits Six-Year High
Global gas flaring surged to its highest level in six years in 2025, with Nigeria recording an eight per cent…
Nigerian Stock Market Adds N46.6 Trillion in H1 2026 as Investor Confidence Soars
The Nigerian stock market delivered an exceptional performance in the first half of 2026, with investors gaining a remarkable N46.6…
FG Orders Fuel Marketers to Cut Petrol Prices as Crude Oil Costs Fall
The Federal Government has directed petroleum marketers to reduce the pump price of petrol in line with the recent decline…
NGX Market Crash Wipes Out N2.35 Trillion as MTN, Unilever Lead Massive Selloff
Nigeria’s equities market endured another painful trading session on Monday as investors lost an estimated N2.35 trillion following a broad-based…
Analysts Advise Investors to Focus on Strong Stocks as Nigerian Equities Market Faces Fresh Pressure
The Nigerian equities market came under renewed pressure last week as persistent sell-offs wiped billions of naira from investors’ portfolios,…
Nigeria’s Debt Servicing Swallows 72% of Revenue as Analysts Warn of Fiscal Sustainability Risks
Nigeria’s growing debt burden is raising fresh concerns among economic analysts after debt servicing costs consumed nearly 72 per cent…
Economic Reforms Key to Nigeria’s Sustainable Growth, Says NGX Chairman
Nigeria’s journey toward sustainable economic growth depends heavily on the successful implementation of economic reforms and the strengthening of institutions,…
Nigeria FX Market Turnover Soars 22% in June as Spot and Derivatives Trading Surge
Nigeria’s foreign exchange market closed June on a strong note as trading activity surged sharply in the final week of…
CBN Data Localisation Policy Set to Attract Billions in Digital Infrastructure Investment
Nigeria’s digital economy is poised for a major boost as the Central Bank of Nigeria (CBN)’s new data localisation policy…
Marketers To NNPC: Expedite Action On MoU With Chinese Firms
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Nigerian National Petroleum Company Limited (NNPC Ltd) to…
NGX Weekly Turnover Crashes 47% as Investors Pull Back Amid Market Uncertainty
The Nigerian Exchange (NGX) recorded a sharp decline in trading activity last week, with total market turnover falling by 47.18…
Seplat Energy Wins Double Capital Market Awards, Strengthening Investor Confidence
Seplat Energy Plc has reinforced its reputation as one of Nigeria’s leading energy companies after clinching two prestigious awards at…
AI Powering a New Era in Nigeria’s Electricity Sector, Says NDPHC Boss
Artificial Intelligence (AI) and Machine Learning (ML) are rapidly reshaping Nigeria’s electricity industry, with the Niger Delta Power Holding Company…
Dangote Refinery IPO, 2027 Election Activities Set to Shake Nigerian Stock Market in H2 2026
Nigeria’s stock market could face a turbulent second half of 2026 as investors prepare for the highly anticipated Dangote Refinery…