Economy
Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%
A report by the Central Bank of Nigeria (CBN), has revealed that the nation’s banking sector maintained its resilience in the fourth...
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NNPC revives long-delayed IPO, shops for advisers
The Nigerian National Petroleum Company Limited (NNPC Ltd.) is reviving plans for an Initial Public Offering (IPO), signalling a renewed...
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Naira-for-crude: Petrol price hike looms as talks drag, imports rise
The pump prices of Premium Motor Spirit (petrol) may rise further in the coming days as the landing cost of...
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Naira slides to N1,585/$ as CBN commits to FX stability
The rally the naira had enjoyed since the beginning of the year seems to have ended, perhaps in the short...
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At -7.82 YtD, OIl & Gas Index Emerges Worst Performing Indicator on NGX
Due to projected poor dividend payouts by Oil and Gas companies listed on the Nigerian Exchange Limited (NGX), the NGX...
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Dangote to Build 18m MTA Cement Plant in Itori, Largest Seaport at Olokola in Ogun State
President of Dangote Group, Alhaji Aliko Dangote, said by the time he was done with his cement plants across Ogun...
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Global trade war: Naira value depreciates amid forex outflows
THE uncertainty caused by the ongoing tariff war between the United States and some countries have triggered the exit of...
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Dangote refinery loses N32bn after petrol price cut
The Dangote oil refinery will lose up to N32.5bn from 500 million litres stock of premium motor spirit following the...
Read moreTariff increase will push available power generation to 7,000MW — Minister
Following a record peak electricity generation of 5,801.84 Megawatts achieved last week, the Minister of Power, Chief Adebayo Adelabu, has...
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Net forex inflow rises 44% to $41.89 bn
The net foreign exchange i nflows through the economy rose by 44.8 percent year-on-year (YoY) to $41.89 billion in the...
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Inflation drop: Experts demand lower interest rate
Financial and economic analysts expect the Monetary Policy Committee of the Central Bank of Nigeria to reduce the benchmark interest...
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After Rebasing, NBS Puts Headline Inflation at 24.48% in January from 34.80% in December
•Food index drops to 26.08% from 39.84% •Core inflation is now 22.59% from 29.28% •The new CPI reflects current inflationary...
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Naira’s best start in over a decade sparks hope, caution
The naira has kicked off the year with its strongest rally in 13 years, mirroring an early surge in 2024...
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Nigerian tax laws not conducive for growth — Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said that the current tax...
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ATM withdrawal fee: CBN bets on breaking PoS monopoly, improving banks’ cash operations
To relieve banks of the burden of operating automated teller machines (ATMs) and handling cash, the Central Bank of Nigeria...
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NGX extends bullish run as investors gain N883 billion
The Nigerian Exchange Limited (NGX) sustained its positive momentum at the start of February, with the NGX all-share index gaining...
Read moreNaira appreciates 0.78% against dollar
The naira further appreciated at the official market on Wednesday, trading at N1,510.72 to a dollar. Data from the FMDQ...
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CBN projects 4.1% economic growth in 2025
The Central Bank of Nigeria, CBN yesterday projected that the economy will grow by 4.1 per cent growth in 2025, as well...
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World Bank projects 3.6% economic growth for Nigeria
The World Bank yesterday projected 3.6 per cent average economic growth for the Nigerian economy between 2025 and 2026, adding...
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Stock Market Drops by N152bn to Post First Loss in 2025
The domestic stock market yesterday posted its first loss in 2025 as the overall capitalization depreciated by N152 billion due...
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Yuletide rally lifts capitalisation by N770 billion in one week
The upcoming yuletide period spurred transactions across sectors of the equities market last week, pushing market capitalisation up by N770...
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Nigeria Earns N73tn from Oil Export in 21 Months Amid Surging Govt Borrowing
Nigeria’s total crude oil export revenues hit N73 trillion in the 21 months spanning January 2023 to September 2024, today’s...
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OPS urges sustenance as naira gains N137/$
The naira appreciated by N137.69 against the United States dollar within a week, following the introduction of the Central Bank...
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Capitalisation dips by N19 billion, amid losses in 29 stocks
The Nigerian equities market, yesterday, reversed previous gains, as market capitalisation shed N19 billion, amid price depreciation in Aradel Holdings...
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Fuel imports hit 2.3bn litres despite local production
Despite the commencement of petrol production by two major refineries in Nigeria in the last three months, oil marketers have...
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