The EU-funded Agriculture Financing Initiative (AgriFI) has invested $2.5 million in Tomato Jos Inc. to expand climate-smart tomato production and processing in northern Nigeria. Mr […]
Category: Economy
NGX market cap hits record N164 trillion as trading volume surges
Trading activity on the Nigerian Exchange Limited (NGX) experienced a surge in liquidity on Monday, September 28, 2026, as total equity trading volume crossed the […]
Dangote’s Kenya refinery to generate 1,000MW, double Lagos plant
Dangote Group’s planned refinery in Lamu, Kenya, is expected to generate about 1,000 megawatts (MW) of electricity, twice the power-generation capacity of its refinery in […]
TotalEnergies plans 5% annual dividend growth through 2030
TotalEnergies SE, the global energy group, plans to increase its dividend by more than 5% annually through 2030 as it targets higher energy production and […]
What the CBN MPR at 23% means for investments in bonds, mutual funds and pension funds
The Central Bank of Nigeria’s decision to cut its Monetary Policy Rate (MPR) to 23% marks a major shift in the country’s interest-rate environment, with […]
Court orders NMDPRA to continually grant fuel import licences to Matrix, AA Rano, AYM
The Federal High Court in Abuja on Monday ordered the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to “continue to grant” petroleum products import […]
CBN policy buffers keep Naira-Dollar mid-term outlook stable
The official interbank/NAFEM market has remained relatively stable in the aftermath of previous structural shocks and aggressive Naira devaluation. The large reserve buffer is preventing […]
FX Spot, Derivatives drive FX trade rebound to $2.63 billion
Nigeria’s foreign exchange market recorded a rebound in trading activity in the week ended September 25, 2026, with total turnover rising 11.02% to $2.627 billion […]
Banks yet to lower lending rates nearly a week after CBN’s MPR cut
Nigerian banks have yet to reduce lending rates nearly a week after the Central Bank of Nigeria (CBN) cut the Monetary Policy Rate (MPR) by […]
Dangote plans $50 billion capex, twice its 2020–2025 spend
Dangote Group plans to spend about $50 billion in capital expenditure (capex) between 2026 and 2030, doubling the $25 billion it invested during the previous […]