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Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Targets $5 Billion IPO to Fund Refinery Expansion to 1.4 Million Barrels per Day

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

Nigerian Equities Lose N599 Billion as Nestlé and First HoldCo Weigh on Market

NNPCL to Supply Dangote Oil Refinery With Crude Oil For Testing

NNPC Reduces Petrol Price to N1,299 as Competition Intensifies with MRS and Depots

10,180 Nigerians Immigrates to Canada Within H1 2023, IRCC Data Reveals

Canada Names Eight Firms That Can Hire Nigerians Without LMIA

Economy

Naira Depreciation Forces Imports Down By 65% in Q3, 2023

Nigeria Earns N24 Trillion from Crude Exports in First Half of 2026

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

NGX All-Share Index Rebounds 6.92% in July as Two Stocks Surge Over 100%

US Makes Visa Bond of Up to $20,000 Permanent, Keeps Nigeria on Restricted List

Oil Prices Reach $90 Following Supply Reduction by Saudi Arabia and Russia.

Brent Crude Falls More Than $16 in Eight Sessions as US and Iran Signal Diplomacy

Market

Seplat Energy revenue grows by 29.8% in 2022

Seplat Agrees to Sell 10% Stake in NNPC Joint Venture for $281.6 Million

Seplat Energy Nigeria Offers Internship Opportunity to Nigerian Undergraduate Students.

Seplat Posts 74% Pre-Tax Profit Jump to N790bn, Declares Record US$0.12 Dividend

FBN Holdings Achieves N1 Trillion Market Cap Milestone

First HoldCo Approves 60% Dividend Payout Policy After Record Half-Year Profit Surge

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX Loses N1.005 Trillion in Single Session as Two-Day Sell-Off Hits N1.65 Trillion

Latest story

FCMB Group Plc Reports Remarkable 108% Year-on-Year Profit Growth in 9M 2023

Court Dismisses N100 Million Privacy Breach Suit Against FCMB

by Victoria Attah

The Federal High Court in Abuja has dismissed a N100 million privacy breach lawsuit filed against First City Monument Bank....

NDIC Begins Verification Exercise for Insured Depositors of Defunct Peak Merchant Bank.

NDIC Begins Payments to Depositors of 46 Closed Microfinance Banks

by Jide Omodele

The Nigeria Deposit Insurance Corporation has commenced reimbursement of depositors affected by the closure of 46 microfinance banks across the...

CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

Cash Outside Banks Falls by N486 Billion to Seven-Month Low

by Stephen Akudike

Currency held outside Nigeria’s banking system dropped to its lowest level in seven months in June 2026, signalling a gradual...

FG Secures $1.95 Billion in World Bank Loans Amidst Debt Concerns

Nigerian Issuers Pay Up to 20% to Raise Debt in First Half of 2026

by Victoria Attah

Corporate borrowers and state-backed entities paid coupon rates as high as 20% to access Nigeria’s debt capital market in the...

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Nigeria’s FX Market Hits Record $4.4 Billion Weekly Turnover

by Jide Omodele

Nigeria’s foreign exchange market recorded its highest weekly turnover of 2026, with total transactions in the FX Spot and Derivatives...

Popular posts

Politics

Fuel Subsidy Removal: Should Nigeria Continue With a Regressive Petrol Subsidy?

Petrol Climbs to N1,400 per Litre as Transport Fares Rise Across Nigeria

Cooking Gas Prices Drop Across Nigeria as Lagos Records Lowest Rate of N1,200 per kg

Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

Several African Currencies Forecast to Weaken Against Dollar – Analyst

Nigeria Exports Electricity Worth N23bn as Local Consumers Suffer Outages.

FG to Phase Out Electricity Subsidy, Introduce Cost-Reflective Tariffs Within a Year

Wealth

NEC Affirms CBN $3 Billion Loan for Naira Stability

Naira Strengthens as FX Turnover Hits Record $1.5 Billion in a Single Day

$26 Billion for unidentified source passed through Binance-Cardoso

CBN Keeps Benchmark Rate at 26.5% as MPC Maintains Tight Monetary Policy

Nigeria’s Foreign Reserve Records a Slight Increase of $12 Million

Foreign Reserves Cross $52 Billion, Highest Level in 17 Years

CBN Scrambles over Nigeria’s Cryptocurrency Problem

Nigeria’s $40 Billion Blockchain Ambition Lags as Focus Shifts to Crypto Regulation

Business

Dollar Index Loses Steam as Treasury Yields Drift Back to 4.8%

Naira Strengthens to N1,375/$ in Official Market Amid Improved Trading Conditions

Nigeria Expends More Than $1 Billion Subsidizing Fuel in August as Petrol Supply Increases

Depots Increase Petrol Prices to N1,230 per Litre Following Dangote Refinery’s Pricing Shift

Naira depreciates to N755/$ in the parallel market.

Dollar Shortage Widens Spread Between Official and Parallel FX Rates

NMDPRA inaugurates oil and gas industry service permit portal.

Nigerian Crude Surges to 10-Day High as US-Iran Tensions Disrupt Key Oil Route

Technology

DMO Announces Subscription Offering for Federal Government Savings Bonds.

FG to Issue N729 Billion Bond to Settle Legacy Debts Owed to Power Generators

Senate Committee Frowns at N17 Trillion Loss from Tax Waivers, Urges FIRS Reform

NRS Gives Large Taxpayers July 31 Deadline to Fully Adopt E-Invoicing System

CBN Raises N1.19 Trillion at July 15 Treasury Bills Auction

Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

Naira Slips to N1,420 per Dollar in Parallel Market as Official Rate Edges Higher

Currency

Currency in circulation drops massively in the third quarter of 2022.

Nigeria’s Foreign Reserves Hit $51.86 Billion, Highest in 17 Years

CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

CBN Repays N2.97 Trillion in Maturing OMO Bills After Raising N2.54 Trillion in Fresh Auction

FG Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans

FG Approves $11.50/Barrel Tax Credit for Shell’s Bonga Southwest Aparo Project

Leading Banks Struggle with Capital Deficits: Zenith Bank and Others Strive to Meet CBN Standards

NGX Rebounds with N719 Billion Gain as FirstHoldCo and MTN Nigeria Spark Recovery

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