Markets
N800/litre petrol in sight as oil prices tumble
The drop in crude oil prices and the resumption of the naira-for-crude arrangement for local refiners may push the pump...
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Federation Account allocation falls third straight month to N1.57tn
The Federation Account Allocation Committee has reported a further decline in monthly disbursements to the Federal Government, states, and local...
Read moreFederation Account allocation falls third straight month to N1.57tn
The Federation Account Allocation Committee has reported a further decline in monthly disbursements to the Federal Government, states, and local...
Read moreNigeria’s Oil Output Rises 8% in Q1, Despite Sinking to Five-month Low in March
Nigeria’s crude oil production grew by 8.13 per cent in the first quarter of 2025, despite the sharp fall in...
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Oil price slump as tariff tension pushes Nigeria’s FX market into turbulence
Nigeria’s foreign exchange (FX) market is once again facing renewed volatility as global economic uncertainties, driven by slumping oil prices and...
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Nigeria’s Microfinance Banks in a Cashless Economy: Evolving for a Digital-First Future
The implementation of the Naira redesign and cashless policy in early 2023 did not come out of the blue for...
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Passengers lament fare hikes amid fuel price cuts, CNG
Nigerians have continued to lament the sustained hike in transportation fares despite the reduction in fuel pump price and the...
Read moreCrude price crash: Petrol can drop below N400/litre — Refiners
Crude Oil Refinery Owners Association of Nigeria has said that the price of Premium Motor Spirit (petrol) can drop below...
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NNPCL increases petrol price to N950/litre
After holding back at first, the Nigerian National Petroleum Company Limited has raised the price of petrol to N925 per...
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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...
Read moreNaira-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...
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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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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