Food Bills Soar in Nigeria, Outstrip Household Spending Despite Easing Inflation
Nigerian households are grappling with a sharp rise in food expenses, now spending significantly more on meals than…
Oil Prices Surge Above $119 as Nigeria’s Petrol Price Hits N1,200 per Litre
Global oil prices jumped sharply on Thursday, with Brent crude climbing above $119 per barrel, as escalating…
Middle East Crisis Threatens Africa’s Fuel Supply Chain
Africa’s fuel supply is coming under serious pressure as escalating tensions in the Middle East disrupt critical…
CBN Survey Shows Nigerian Families Strained as Banks Set to Raise Interest Rates
Nigerian households are feeling the squeeze as rising costs and tightening credit conditions continue to limit…
CBN Tightens BVN Rules to Curb Fraud, Boost Trust in Nigeria’s Digital Banking…
Nigeria’s financial system is entering a new phase of tighter security as the Central Bank of Nigeria (CBN) moves…
Nigeria’s Oil Output Drops to 1.48mbpd in February, Raising Doubts Over 2.5mbpd…
Nigeria’s combined crude oil and condensate production dropped to 1.48 million barrels per day (mbpd) in February…
Eight Stocks Dominate Nigerian Stock Market, Driving 61% of N127 Trillion…
The Nigerian stock market is heavily dominated by just eight companies, which now account for 61 per cent of its…
Transcorp Reports N544 Billion Revenue and N179.5 Billion Profit on Diversified…
Transnational Corporation Plc (Transcorp) has posted impressive financial results for the 2025 fiscal year,…
Nigeria’s Diaspora Remittances Surge 97% YoY to $107.47 Million in January 2026
Nigeria’s diaspora remittances have shown remarkable resilience, with total inflows reaching $1.22 billion in 2025…
Nigeria’s Economic Reforms Drive Growth and Investment under President Tinubu
Nigeria is witnessing renewed economic momentum as the administration of President Bola Tinubu implements major…
Exchange Rate Stability and Rising Demand Boost Nigerian Business Confidence – CBN…
Businesses across Nigeria are showing strong optimism for the coming months, fueled by improving demand, easing…
Refineries spend N5.7tn on foreign oil despite naira-for-crude policy
Nigeria, Africa’s largest crude oil producer, imported crude oil worth a staggering N5.734 trillion in 2025, even…
NovaGrad Uses AI to Simplify Study Abroad Planning for African and Latin American…
NovaGrad, an artificial intelligence-powered platform from UK-based Prodigy Finance, is transforming how students…
CBN’s New AML Rules Push Banks Toward Automation: Local AI Platform Leads…
The Central Bank of Nigeria (CBN) is accelerating the adoption of automated anti-money laundering (AML) solutions…
Google’s Data Center Power Strategy: 2.7 GW of Clean Energy Planned for Michigan
Google is taking a major step toward powering its data centers with clean energy, signaling a clear strategy months…
Nigeria Secures £746M UK Financing to Modernize Lagos Ports – Boost for Trade and…
Nigeria has secured a £746 million financing agreement with the United Kingdom to modernize its key Lagos ports,…
Nigerians Struggle with Rising Costs Despite Banks Raising Savings Rates
Several Nigerian banks have increased their savings interest rates following recent changes to the Central Bank of…
CBN Raises N3 Trillion in Two Weeks Through Treasury Bills Amid Fiscal Pressures
The Central Bank of Nigeria (CBN) is set to raise N1.05 trillion in Treasury Bills (NTBs) at an auction on March…
European Stocks Rise Ahead of Fed Rate Decision Amid Oil Market Volatility
European stocks opened broadly higher on Wednesday as investors shifted their attention to the U.S. Federal…
Global Investor Confidence Boosts Nigeria’s Equity Market – Temi Popoola
Nigeria’s equity market is attracting renewed global attention as investor confidence grows, according to Temi…
Middle East Tensions Disrupt Fuel Supply to Nigeria, Africa Faces Shortage Risk
Escalating tensions in the Middle East are beginning to ripple across global energy markets, with Nigeria and…
SEC Shuts Down 400 Fraudulent Investment Schemes in Nigeria, Intensifies Investor…
Nigeria’s Securities and Exchange Commission (SEC) has shut down more than 400 fraudulent investment schemes over…
Naira Slips to N1,385/$ as Middle East Tensions Shake Global Markets
The Nigerian naira has come under renewed pressure, weakening to N1,385 against the US dollar as escalating…
Oil Prices Surge to $100 Amid Strait of Hormuz Tensions as Trump Criticizes NATO…
Global oil markets were thrown into fresh uncertainty on Tuesday as crude prices hovered near $100 per barrel,…
Dangote Refinery, Marketers Partner to Strengthen Fuel Supply in Nigeria
Nigeria’s fuel supply outlook received a boost as the Dangote Petroleum Refinery partnered with major marketers to…
FGN Securities Drive Nigeria’s Pension Assets to N28 Trillion Amid 16.7% Growth
Nigeria’s pension industry has seen a remarkable surge in its Net Asset Value (NAV), reaching N28.04 trillion in…
Nigeria to Adopt T+1 Settlement Cycle in Capital Market from May 29, 2026
Nigeria’s capital market is set to transition to a T+1 settlement cycle starting May 29, 2026, a move aimed at…
Taiwo Oyedele Pledges Swift Implementation of Nigeria’s Tax Reforms as Minister of…
Newly appointed Minister of State for Finance, Mr. Taiwo Oyedele, has vowed to ensure Nigeria’s tax reforms move…
NGX All-Share Index Surges Past 200,000 Points as Investor Confidence Soars
Nigeria’s stock market reached a historic milestone on Monday as the NGX All-Share Index (ASI) surged past the…
Nigeria’s $1 Trillion Economy Goal: Oyedele and Uzoka-Anite Commit to Fiscal…
Newly sworn-in ministers of state, Finance, Taiwo Oyedele, and Budget & Economic Planning, Doris Uzoka-Anite,…