The Nigerian Exchange (NGX) began the year on a bullish note, as renewed investor appetite pushed equities market capitalisation above the ₦100 trillion threshold, underscoring strong early-year buying and broad-based gains across listed stocks. Market data showed that total equities market capitalisation climbed from ₦99.94 trillion on January 2 to ₦101.81 trillion by January 5,…
A surge in electronic transactions by Nigerians has helped the Federal Government to beat its revenue target by N88.73 billion by half-year 2025. This is according to data contained in the Federal Government’s 2025–2027 Medium Term Expenditure Framework (MTEF), just released by the Budget Office. The EMTL performance helped boost the government’s non-oil revenue for…
Nigeria’s headline inflation rate moderated to 14.45 per cent in November 2025, marking a significant slowdown from the 16.05 per cent recorded in October 2025. This is according to the latest figures released by the National Bureau of Statistics (NBS) on Monday. This represents a decline of 1.6 percentage points month-on-month, indicating easing price pressures…
The federal government has announced a nationwide prohibition on the admission and transfer of students into Senior Secondary School Three ,SS3, in all public and private secondary schools. A statement to this effect on Sunday,by the Federal Ministry of Education, explained that the “directive follows growing concerns over the increasing incidence of examination malpractice, including…
The Dangote Petroleum Refinery has announced another reduction in its petrol gantry price, lowering the ex-depot rate from N828 to N699 per litre. Market figures released on Friday by Petroleumprice.ng showed that the refinery carried out a fresh downward adjustment, cutting the Premium Motor Spirit benchmark by N129 per litre — a 15.58 per cent…
PZ Cussons on Wednesday announced that it is retaining its Africa business and sets out ambitious growth plans for the business, citing growth in its core business in Nigeria, Kenya, and Ghana. “…The fact that the Nigerian business has, since FY22, more than doubled the number of stores which it serves directly, has been a…
NNPC E&P Limited (NEPL) recorded daily crude oil production of 355,000 barrels per day (bpd) on December 1, 2025—its highest output since 1989. This was disclosed in a statement issued on Tuesday by Andy Odeh, Chief Corporate Communications Officer of NNPC Ltd. According to the figures released by the company, NEPL’s average daily production rose…
The Central Bank of Nigeria (CBN) today removed the limit on cash deposits and raised the weekly cash withdrawal limit across all channels to N500,000, up from N100,000. The apex bank disclosed this in a circular to all banks titled “Revised Cash-Related Policies”, signed by Dr. Rita Sike, Director, Financial Policy & Regulation Department….
Nigeria’s economic recovery is gaining traction, with the Central Bank of Nigeria (CBN) reporting that the country’s external foreign-exchange reserves have risen to US $46.7 billion, the highest level in nearly seven years. That surge reflects renewed investor confidence and stronger inflows. According to the CBN Governor, increased oil receipts, robust portfolio and foreign-investment flows,…
The Federal Government says discussions with China on the proposed zero-tariff policy, aimed at deepening economic cooperation between the two countries, have reached an advanced stage. In a statement posted on X on Thursday, the Presidency confirmed that talks on implementing Beijing’s zero-tariff framework for Nigerian imports are progressing steadily. During a meeting involving the…
