Nigeria is among the oil and gas exporters positioned to benefit from higher global energy prices, although rising refined fuel costs could offset some of […]
Category: Economy
Naira likely to break below N1,300/$ amid high FX supply
The Nigerian currency is projected to trade stable to bullish, with a 6-month target in the N1,250/$-1350/$ corridor, supported by CBN interventions and market confidence. […]
Access Holdings IT director Olanrewaju Bamisebi retires after four years
Access Holdings Plc has announced the retirement of its Executive Director, Information Technology and Digitalisation, Olanrewaju Bamisebi. His retirement became effective on September 30, 2026, […]
Lagos launches up to N200 billion 10-year bond: Key takeaways for investors
The Lagos State Government has opened its Series 5 Fixed Rate Bond offer to raise up to N200 billion under its N1 trillion Debt and […]
CBN insider credit crackdown forces some bank owners, directors out of banking system
The Central Bank of Nigeria (CBN) has disclosed that some bank owners, shareholders and board members have exited the banking industry following stricter enforcement of […]
Best performing Nigerian stocks for the week ended October 9, 2026
Nigerian equities closed lower for the second straight week, with the benchmark NGX All-Share Index (ASI) declining 0.97% to close at 248,363.55 points from 250,808.27 […]
TAP processes N3 billion monthly in Lagos transport fares, Afolabi Olamide reveals
Lagos’ regulated public transport network, overseen by the Lagos Metropolitan Area Transport Authority (LAMATA), uses electronic fare payment for commuters travelling on its regulated services. […]
NBET begins N729 billion debt settlement for GenCos, gas suppliers
The Nigerian Bulk Electricity Trading Plc (NBET) has commenced the settlement of N729 billion in outstanding debts owed to participating electricity Generation Companies (GenCos) and […]
Zenith Bank’s pre-tax profit hits N637.6 billion, interim dividend rises 20% to N1.50
Zenith Bank Plc has announced its audited results for the half-year ended June 30, 2026, reporting a 1.91% year-on-year increase in profit before tax from […]
How Moove raised over $710 million before exiting Nigeria
Moove, the Nigerian-founded mobility financing company, had raised more than $710 million in global funding before announcing its exit from Nigeria this month, six years […]