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NGX Sees 107.7% Surge in Foreign Investment to N288.82bn as Investor Confidence Strengthens in March 2026
BusinessLocalStock

NGX Sees 107.7% Surge in Foreign Investment to N288.82bn as Investor Confidence Strengthens in March 2026

Foreign investor participation on the Nigerian Exchange Limited (NGX) recorded a significant rebound in March 2026, jumping by 107.74% month-on-month…

byayotilewaApril 29, 2026
VFD Group Reports N5.1 Billion Q1 2026 Profit as Investment Income and Other Gains Surge
BusinessLocalMarket

VFD Group Reports N5.1 Billion Q1 2026 Profit as Investment Income and Other Gains Surge

VFD Group Plc has kicked off 2026 on a strong note, reporting a pretax profit of N5.1 billion for the…

byayotilewaApril 29, 2026
Naira Weakens to N1,383/$ as External Reserves Drop Deepens FX Pressure
BusinessLocalMarket

Naira Weakens to N1,383/$ as External Reserves Drop Deepens FX Pressure

The Nigerian naira continued its downward slide on Tuesday, closing at N1,383 against the US dollar, as pressure intensified in…

byayotilewaApril 29, 2026
European Stocks Slip as UAE OPEC Exit Clouds Global Oil Supply Outlook
BusinessEnergyInternationalMarket

European Stocks Slip as UAE OPEC Exit Clouds Global Oil Supply Outlook

European markets opened slightly lower on Wednesday, as investors reacted to a mix of corporate earnings and the unexpected decision…

byayotilewaApril 29, 2026
CBN Restricts BDC Access to Forex Market Over Compliance Risks
BankingBusinessFinanceLocal

CBN Restricts BDC Access to Forex Market Over Compliance Risks

Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has continued to limit the access of Bureau De Change (BDC)…

byayotilewaApril 28, 2026
Reps ask NCC to extend SIM reallocation period over fraud, identity theft concerns
LocalTechnology

Reps ask NCC to extend SIM reallocation period over fraud, identity theft concerns

Nigeria’s House of Representatives has called on the Nigerian Communications Commission (NCC) to extend the SIM reallocation period from 180…

byayotilewaApril 28, 2026
CSCS Declares N1.78 Dividend as Profit Climbs on Strong Market Activity
BusinessLocalMarket

CSCS Declares N1.78 Dividend as Profit Climbs on Strong Market Activity

Shareholders of the Central Securities Clearing System Plc (CSCS) have approved a total dividend payout of N8.9 billion, translating to…

byayotilewaApril 28, 2026
Naira Weakens to N1,369 per Dollar as External Reserves Drop $731 Million Amid FX Pressures
BusinessEconomyLocal

Naira Weakens to N1,369 per Dollar as External Reserves Drop $731 Million Amid FX Pressures

The Nigerian Naira weakened further on Monday, slipping to N1,369 per US dollar, down from N1,361.5/$ recorded at the end…

byayotilewaApril 28, 2026
CBN Pushes for Single-Digit Inflation Target Amid Global Shocks as Nigeria Defends Economic Reforms
BusinessLocalMacroeconomic

CBN Pushes for Single-Digit Inflation Target Amid Global Shocks as Nigeria Defends Economic Reforms

Nigeria’s economic managers are standing firm on their long-term goal of achieving single-digit inflation, even as global instability and fresh…

byayotilewaApril 28, 2026
Shell Invests $16.4 Billion in ARC Resources Deal to Boost Canadian Gas and LNG Expansion
LocalMacroeconomic

Shell Invests $16.4 Billion in ARC Resources Deal to Boost Canadian Gas and LNG Expansion

Shell is making a massive long-term bet on natural gas with a $16.4 billion agreement to acquire Canada’s ARC Resources,…

byayotilewaApril 28, 2026
AI Reduces Nigeria Media Traffic by 26% as Digital News Consumption Shifts
BusinessLocalTechnology

AI Reduces Nigeria Media Traffic by 26% as Digital News Consumption Shifts

Nigeria’s digital media landscape has experienced a major shake-up, with audience traffic dropping by 26.2% in 2025. According to the…

byayotilewaApril 28, 2026
China Blocks Meta Manus AI Deal: Tightening Grip on U.S.-China Tech Rivalry in AI Race
BusinessInternationalTechnology

China Blocks Meta Manus AI Deal: Tightening Grip on U.S.-China Tech Rivalry in AI Race

China has officially blocked Meta’s proposed $2 billion acquisition of the AI startup Manus, marking a major escalation in the…

byayotilewaApril 28, 2026
China Blocks Meta’s $2B Manus Acquisition After Regulatory Probe Into AI Deal
BusinessInternationalTechnology

China Blocks Meta’s $2B Manus Acquisition After Regulatory Probe Into AI Deal

China’s top economic regulator, the National Development and Reform Commission (NDRC), has officially blocked Meta’s $2 billion acquisition of the…

byayotilewaApril 28, 2026
US Dollar Weakens Ahead of Fed Decision as Middle East Tensions Ease and Oil Prices Rise
BusinessInternationalMarket

US Dollar Weakens Ahead of Fed Decision as Middle East Tensions Ease and Oil Prices Rise

The US dollar weakened on Monday as global markets reacted to shifting geopolitical signals from the Middle East and growing…

byayotilewaApril 28, 2026
European Markets Rise as Trump Weighs Iran Peace Proposal; Energy Stocks Lead Gains
BusinessInternationalStock

European Markets Rise as Trump Weighs Iran Peace Proposal; Energy Stocks Lead Gains

European stock markets edged higher on Tuesday as investors reacted cautiously to geopolitical developments involving U.S. President Donald Trump and…

byayotilewaApril 28, 2026
Nigerian Stock Market Drops N1.36tn as Banking Stocks Trigger Heavy Sell-Off
BusinessLocalStock

Nigerian Stock Market Drops N1.36tn as Banking Stocks Trigger Heavy Sell-Off

The Nigerian stock market opened the week on a bearish note as investors lost about N1.365 trillion in market value…

byayotilewaApril 28, 2026
NGX ETF Market Suffers Broad Losses as SIAML Pension ETF Drops 40% in Weak Trading Week
investmentLocalStock

NGX ETF Market Suffers Broad Losses as SIAML Pension ETF Drops 40% in Weak Trading Week

Exchange Traded Funds (ETFs) on the Nigerian Exchange (NGX) ended the week on a broadly negative note for the period…

byayotilewaApril 28, 2026
FGN Bond Auction Draws N948bn in Strong Investor Demand Across Three Maturities
BusinessEconomyLocalMarket

FGN Bond Auction Draws N948bn in Strong Investor Demand Across Three Maturities

Nigeria’s domestic debt market recorded a strong showing in April 2026 as the Federal Government’s latest bond auction attracted a…

byayotilewaApril 28, 2026
Nigeria Stock Market Hits Record N4.14 Trillion in Q1 2026 as Investor Participation Soars to All-Time High
BusinessLocalStock

Nigeria Stock Market Hits Record N4.14 Trillion in Q1 2026 as Investor Participation Soars to All-Time High

Nigeria’s stock market has recorded its strongest quarter in history, with total transactions surging to N4.14 trillion in the first…

byayotilewaApril 28, 2026
Nigerian Crude Hits $113 as Iran–Hormuz Crisis Drives Global Oil Shock
BusinessEnergyInternational

Nigerian Crude Hits $113 as Iran–Hormuz Crisis Drives Global Oil Shock

Nigerian crude oil has surged to its highest levels in recent years, with benchmark grades trading above $113 per barrel…

byayotilewaApril 28, 2026
Dangote Refinery Says Petrol, Diesel Prices Are Being Subsidised Amid Rising Crude Oil Costs
BusinessEconomyEnergyLocal

Dangote Refinery Says Petrol, Diesel Prices Are Being Subsidised Amid Rising Crude Oil Costs

A senior official of the Dangote Group has disclosed that the Dangote Petroleum Refinery is currently subsidising the prices of…

byayotilewaApril 28, 2026
OpenAI Ends Microsoft Legal Risk in New Deal That Frees Amazon AWS Partnership
BusinessFinanceInternationalTechnology

OpenAI Ends Microsoft Legal Risk in New Deal That Frees Amazon AWS Partnership

Microsoft and OpenAI have officially reshaped one of the most important partnerships in the tech industry, announcing a revised agreement…

byayotilewaApril 28, 2026
FG Moves to Cut Aviation Fuel Costs with Naira-for-Crude Expansion
BusinessLocal

FG Moves to Cut Aviation Fuel Costs with Naira-for-Crude Expansion

Nigeria’s federal government is considering a major shift in aviation fuel pricing as a technical committee recommends including Jet A1…

byayotilewaApril 28, 2026
Nigeria Reduces Meta Fine in Data Privacy Case, Shifts Focus to Compliance Reform
BusinessLocalTechnology

Nigeria Reduces Meta Fine in Data Privacy Case, Shifts Focus to Compliance Reform

Nigeria’s data protection regulator has clarified that the widely reported cancellation of a $32.8 million fine against Meta Platforms Inc.…

byayotilewaApril 28, 2026
Nigeria Eurobond Rally Gains Momentum as Investors Shift to Mid-Term Bets
BusinessFinanceLocal

Nigeria Eurobond Rally Gains Momentum as Investors Shift to Mid-Term Bets

Nigeria’s Eurobond market is experiencing a strong rally, with yields dropping to their lowest level in four years as investors…

byayotilewaApril 28, 2026
Nigeria Crude Oil Production Hits Five-Year High at 1.71 Million BPD — NNPC Limited Report
BusinessEnergyLocal

Nigeria Crude Oil Production Hits Five-Year High at 1.71 Million BPD — NNPC Limited Report

Nigeria’s crude oil production has climbed to 1.71 million barrels per day between April 2025 and April 2026, marking its…

byayotilewaApril 28, 2026
Naira Outperforms African Currencies Despite Rising FX Pressure
BusinessEconomyLocal

Naira Outperforms African Currencies Despite Rising FX Pressure

Nigeria’s naira has emerged as one of the strongest-performing currencies in Africa so far in 2026, even as global financial…

byayotilewaApril 28, 2026
Dividend Inflows and Earnings Optimism Drive Nigerian Equities Market Gains This Week
BusinessLocalMarket

Dividend Inflows and Earnings Optimism Drive Nigerian Equities Market Gains This Week

Financial analysts are projecting another positive week for the Nigerian equities market, as fresh dividend inflows and rising optimism around…

byayotilewaApril 27, 2026
PenCom Policy Review Sparks N15.53 Trillion Nigerian Stock Market Rally in 14 Sessions
BusinessEconomyLocal

PenCom Policy Review Sparks N15.53 Trillion Nigerian Stock Market Rally in 14 Sessions

Nigeria’s equities market recorded a remarkable surge, adding about N15.53 trillion in value over 14 consecutive trading sessions. The rally…

byayotilewaApril 27, 2026
CSCS Deepens Market Infrastructure Investment, Declares N1.78 Dividend Amid Expansion Drive
BusinessLocalMarket

CSCS Deepens Market Infrastructure Investment, Declares N1.78 Dividend Amid Expansion Drive

The Central Securities Clearing System Plc (CSCS) has reaffirmed its commitment to strengthening Nigeria’s capital market infrastructure through sustained investments…

byayotilewaApril 27, 2026

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