Nigeria is targeting annual sugar production of more than 2 million metric tonnes through 13 existing and proposed sugar projects across the country. The Executive […]
Category: Economy
Foreign investor participation in Nigerian stocks plunges to paltry 4.89% in August
Foreign investors accounted for just 4.89% of equity transactions on the Nigerian Exchange (NGX) in August 2026, the lowest monthly participation share recorded this year, […]
Dangote Group projects crude oil production to rise to 1.72 million bpd in Q4 2026
Nigeria’s crude oil production is projected to rise to 1.72 million barrels per day (bpd) in the fourth quarter of 2026, with average output expected […]
Zenith Bank’s non-banking subsidiaries post N9.11 billion pre-tax profit in H1 2026
Zenith Bank Plc’s non-banking subsidiaries, Zenith Pensions Custodian Limited and Zenith Nominees Limited, recorded a combined profit before tax (PBT) of N9.11 billion in the […]
NUPRC identifies 788,000 bpd of shut-in oil production for restoration
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has identified more than 788,000 barrels per day (bpd) of shut-in oil production across 63 operators […]
Best performing balanced mutual funds in Nigeria as of September 2026
Nigeria’s balanced mutual fund segment recorded a strong increase in net asset value (NAV), reaching N191.02 billion as of September 2026, up 23.94% from N154.13 […]
Dollar trading in Nigeria nearly doubles to $3.37 billion in one week
The value of dollars traded in Nigeria’s foreign exchange market nearly doubled to $3.37 billion in the week ended October 9, 2026, from $1.70 billion […]
SEC disowns WayvePay, warns Nigerians against investing through platform
The Securities and Exchange Commission (SEC) has disowned online investment platform WayvePay, warning Nigerians against investing through the company over concerns about suspected fraudulent activities. […]
SEC DG proposes investment funds to finance university hostels
The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has proposed the establishment of investment funds to finance student hostel construction in […]
Nigeria records world’s highest diesel price increase at 82.7% – Report
Nigeria recorded the world’s highest diesel price increase, at 82.7%, between February and August 2026, according to the United Nations Conference on Trade and Development […]