Afreximbank Pushes for Stronger Trade Finance to Drive Inclusive Growth Across Africa
The African Export-Import Bank (Afreximbank) has reiterated its commitment to strengthening trade finance across the continent to unlock inclusive and…
Category: Local
Nigerian Stock Market Suffers N1.3 Trillion Loss as Sell Pressure Deepens
The Nigerian stock market faced another tough session as sustained sell-offs dragged the market further into negative territory. Investors continued…
Investors Lose N1.3 Trillion as Market Anxiety Deepens Amid Policy Uncertainty and Global Tensions
The Nigerian stock market took a sharp tumble on Wednesday, with investors losing a staggering N1.3 trillion in market value…
$500m Sukuk Boosts Ethical Finance Growth in Nigeria – SEC
The Securities and Exchange Commission (SEC) has announced that the approval of a $500 million international Sukuk marks a significant…
Nigeria to Invest ₦12 Billion in Digital Economy Research as Telecom Sector Sees Surge in Subscriptions
The Nigerian government has unveiled plans to invest ₦12 billion in digital economy research and telecom infrastructure, signaling a major…
Nigeria’s Non-Interest Capital Market Surges to ₦1.6 Trillion as SEC Pushes Ethical Finance Growth
Nigeria’s non-interest capital market has expanded to over ₦1.6 trillion, highlighting its increasing impact on financial inclusion and infrastructure financing.…
CBN’s Fixed Income Reform Sparks Regulatory Tension as Banks Rake In ₦4.8 Trillion from Securities
The Central Bank of Nigeria’s (CBN) plan to assume control over the nation’s fixed-income market has ignited regulatory tension within…
Nigeria’s Telecom Subscribers Hit 173 Million as Broadband Expansion Gains Momentum
Nigeria’s telecommunications industry continued its upward trajectory in the third quarter of 2025, with active phone subscriptions reaching 173.54 million…
OPEC Urges Nigeria to End Crude Exports, Focus on Local Refining and Value Creation
The Chairman of the OPEC Board of Governors for 2025, Adeyemi-Bero, has called on Nigerian oil producers to stop the…
Senate uncovers $303bn crude oil diversion under NNPC’s DSDP scheme
A forensic review conducted by consultants to the Senate Ad-hoc Committee on oil theft has uncovered staggering financial irregularities amounting…
Nigeria’s $2.25bn Eurobond Oversubscribed Amid Strong Investor Confidence
Nigeria has successfully returned to the international capital market with a $2.25 billion Eurobond issuance, drawing overwhelming investor demand despite…
Naira Recovers Value Amid Renewed Market Confidence in Nigeria
Nigeria’s naira regained ground on Tuesday after a temporary slump on Monday, signaling renewed confidence in the country’s economic stability.…
Nigeria’s Excess Crude Account Grows 13% in Two Years Under Tinubu’s Administration
Nigeria’s Excess Crude Account (ECA) has risen by 13 percent in the past two years, reflecting gradual fiscal recovery efforts…
Tinubu Appoints Dr. John Nwabueze as Nigeria’s First Tax Ombudsman to Strengthen Transparency and Tax Fairness
President Bola Tinubu has appointed Dr. John Nwabueze as Nigeria’s first Tax Ombudsman, marking a historic milestone in the country’s…
Empowering SMEs: The Driving Force Behind Nigeria’s Economic Transformation
The founder and convener of the Small-Scale Enterprises Lab (SSE Lab), Mrs. Desola Jimmy-Eboma, has reaffirmed that Nigeria’s economic future…
Nigeria Secures $500m World Bank Loan to Boost Agricultural Value Chains and Food Security
The Federal Government of Nigeria has sealed a $500 million loan agreement with the World Bank to strengthen agricultural value…
Tinubu Seeks ₦1.15 Trillion Loan to Bridge 2025 Budget Deficit
President Bola Ahmed Tinubu has requested Senate approval to secure a ₦1.15 trillion loan from the domestic market to finance…
NASCON, Sky Aviation Lead Market Decline as Nigerian All-Share Index Slips 0.72%
The Nigerian stock market closed on a bearish note on Tuesday, November 4, 2025, as the All-Share Index (ASI) dropped…
Investors Lose ₦858 Billion as Market Selloff Hits NGX Amid Trump’s Threat to Nigeria
The Nigerian stock market witnessed a steep decline this week as investors lost an estimated ₦858 billion in two trading…
Transcorp Achieves Record 39% Revenue Growth in Nine Months
Transnational Corporation Plc (Transcorp) has reported a remarkable 39 per cent year-on-year revenue growth, reaching ₦413.44 billion for the nine…
Top Nigerian Banks Post N4.1 Trillion Profit in Nine Months Despite Mixed Earnings — Five Lenders Lead with 37% Growth
Nigeria’s banking industry has once again showcased its resilience, as nine leading financial institutions collectively posted N4.115 trillion in profit…
NNPC Targets $60 Billion Partnerships to Power Africa’s Energy Transformation by 2030
The Nigerian National Petroleum Company Limited (NNPC Ltd) has unveiled an ambitious plan to attract between $30 billion and $60…
Banks Deposit ₦3 Trillion with CBN Amid Cash Crunch as Liquidity Tightens Across Nigeria’s Financial System
Nigerian banks have increased the amount of money held with the Central Bank of Nigeria (CBN), raising total deposits at…
NNPC Plans to Raise Stake in Dangote Refinery to 20% in Bold Energy Sector Move
The Nigerian National Petroleum Company Limited (NNPC) has announced plans to raise its equity stake in the $20 billion Dangote…
15% tariff: Nigerians to pay N1tn extra for petrol yearly
Nigerians may soon face higher fuel prices as the Federal Government introduces a 15% import tariff on Premium Motor Spirit…
Nigeria’s New $11.50 Travel Tax Sparks Outcry Among Airlines and Passengers
The Nigeria Civil Aviation Authority (NCAA) has announced a new $11.50 levy on all international air tickets, set to take…
FG, Banks Target $20 Billion Diaspora Investment to Boost Nigeria’s Economy
The Federal Government, in collaboration with leading banks and private investors, is intensifying efforts to channel over $20 billion in…
Femi Otedola Applauds Tinubu’s 15% Petrol and Diesel Import Tariff to Boost Local Energy Sector
Billionaire businessman Femi Otedola has praised President Bola Tinubu’s recent move to impose a 15 per cent import tariff on…
Group urges Tinubu to halt fuel import licences
The Yoruba Council Worldwide (Igbimo Apapo Yoruba L’Agbaye) has urged President Bola Ahmed Tinubu to immediately halt the issuance of…
Lagos to Digitize Telecom Permit Approvals with TIRS Platform in 2026
The Lagos State Government has announced plans to automate the approval process for telecommunication infrastructure with the upcoming launch of…