Nigeria Banks Deposit N7 Trillion in CBN Amid Persistent Liquidity Surplus
Nigeria’s deposit money banks (DMBs) have parked nearly N7 trillion in excess cash at the Central Bank of Nigeria’s…
NERC Orders N20.33bn Meter Refunds as DisCos Face Mounting Liquidity Pressure
Electricity distribution companies across Nigeria are facing renewed financial strain after the Nigerian…
Asia-Pacific Markets Tumble as Middle East Conflict Drives Oil Prices Above $100
Asia-Pacific stock markets fell sharply on Friday as investors reacted to soaring oil prices and growing fears that…
Nigerian Stock Market Rebounds with N649bn Gain as Investor Confidence Returns
The Nigerian equities market rebounded on Thursday, adding N649bn to investors’ wealth after reversing losses…
Nigerian Breweries Acquires 29% Stake in Ogun Plastic Recycling Project to Boost…
Nigerian Breweries Plc has acquired a 29% stake in a recycled Polyethylene Terephthalate (rPET) production facility…
Crude Oil Prices Surge Toward $100 Amid Iran Tensions
Global crude oil prices surged once again, approaching the $100-per-barrel mark during Asian trading on March 12,…
Nigeria’s Crude Oil Production Drops to 1.31 Million BPD, Falling Short of OPEC…
Nigeria’s crude oil production fell sharply to 1.31 million barrels per day (bpd) in February 2026, according to…
Ford Pro Launches AI Assistant to Track Seatbelt Use and Fleet Efficiency
Ford has unveiled a new AI-powered assistant designed to help fleet owners monitor and manage their vehicles more…
FG to Connect All Nigerian Schools to Reliable Internet to Boost Digital Learning
The Federal Government has unveiled a major initiative to connect all schools across Nigeria to reliable internet,…
TeKnowledge and Microsoft Partner to Upskill 10,000 Nigerians in AI
Nigeria’s national workforce is set to receive a significant upgrade as TeKnowledge joins forces with Microsoft to…
Dangote Dominates N14.4tn Petrol Market: Experts Warn of Monopoly Risks in Nigeria
Nigeria’s energy sector is facing a major shake-up as Dangote Petroleum Refinery now supplies over 90% of the…
Wale Edun Assures Nigerians of Stable Food Prices Amid Global Economic Uncertainty
Nigeria’s Finance Minister and Coordinating Minister of the Economy, Wale Edun, has reassured citizens that the…
Strategic Market System to Transform Nigeria’s Agricultural Value Chain – FG
The Federal Government has announced that a strategic market system will revolutionize Nigeria’s agricultural…
Investor Appetite Soars as Nigeria’s February Bond Auction Records 92%…
Nigeria’s February bond auction drew robust investor interest, as the Debt Management Office (DMO) issued N800…
SEC engages over 500 firms in radical push for investor protection
Nigeria’s Securities and Exchange Commission (SEC) has intensified efforts to protect investors while fostering…
NERC Orders Private Substations to Secure Permits Within 45 Days to Strengthen…
The Nigerian Electricity Regulatory Commission (NERC) has ordered all owners of private transmission substations…
Net Foreign Exchange Inflow into Nigeria Drops 18% to $61.3 Billion in 11 Months
Nigeria’s net foreign exchange (forex) inflow fell sharply by 18.3 percent year-on-year to $61.29 billion in the…
Nigeria’s Food Import Bill Hits N7.65 Trillion in 2025 Amid Rising Domestic Demand
Nigeria’s spending on imported food and beverages surged to N7.65 trillion in 2025, signaling the country’s growing…
Nigeria Launches N10 Billion Fund to Boost Greenfield Sugar Projects
The National Sugar Development Council (NSDC) and the Bank of Industry (BOI) have teamed up to establish a N10…
Kenya and Rwanda Central Banks Partner to Simplify Cross-Border Payments
The Central Bank of Kenya (CBK) and the National Bank of Rwanda (NBR) have signed a groundbreaking Memorandum of…
China, US Lead Nigeria’s N17.25 Trillion Import Market in Q4 2025
Nigeria’s import market remained heavily concentrated in the fourth quarter of 2025, with a small group of…
European Stocks Slide as Oil Prices Surge Despite Record IEA Reserve Release
European stocks fell further on Thursday as investors grappled with soaring oil prices and ongoing tensions in…
NGX Loses N107bn as Profit-Taking Deepens Bearish Sentiment in Nigerian Stock…
Trading activities on the Nigerian Exchange Limited closed on a slightly negative note on Wednesday as investors…
Iran Threatens Strait of Hormuz Oil Shipments as $200 Per Barrel Price Warning…
Tensions in the Middle East have intensified after Iran warned it could block oil shipments passing through the…
Nigeria Spent $5.2bn Servicing External Debt in 2025 – CBN Data Reveals Rising…
Nigeria spent about $5.21bn servicing external debt in 2025, according to data released by the Central Bank of…
Seplat Energy to Drill 17 Wells in 2026, Targets 155,000 Barrels Daily Output
Seplat Energy Plc has unveiled an ambitious plan to drill 17 new wells in 2026 as part of efforts to expand…
TikTok Boosts AI and Media Literacy in Sub-Saharan Africa with $200,000 Investment
TikTok has announced an additional $200,000 in ad credits to support local organizations across Sub-Saharan Africa…
CBN Deploys AI-Powered Surveillance to Track Money Laundering in Nigerian Banks
The Central Bank of Nigeria (CBN) has taken a major step to curb financial crime by mandating banks and financial…
NTB Subscription Falls to N6.13 Trillion Amid Low Yields and Policy Adjustments
The Nigerian Treasury Bills (NTB) market has witnessed a significant decline in investor subscription, dropping to…
Nigerian Companies Report N19.81 Trillion Operating Expenses Amid Inflation and FX…
Despite a gradual decline in Nigeria’s inflation rate to 15.51% and relative stability in the foreign exchange…