Nigeria’s rising energy costs are steadily reshaping the economics of running a business, with higher petrol and diesel prices feeding into transportation, power generation and […]
Category: Economy
Petrol imports fall 26% to 14.6 million litres daily in August — NMDPRA
Nigeria’s daily average petrol imports fell by 26% to 14.6 million litres in August 2026, from 19.7 million litres in July, according to the Nigerian […]
Nigerian equities extend bull run as market cap gains N622 billion
Equity trading on the Nigerian Exchange Limited (NGX) closed on a strong bullish note on September 24, 2026, propelled by massive trading activity that saw […]
Why Bamboo app went down during Dangote Refinery IPO – CEO
Bamboo, one of the platforms handling subscriptions for the Dangote Refinery IPO, experienced downtime within the first 30 minutes of the offer opening after traffic […]
Naira holds strong against the pound post-CBN rate slash
The naira maintained its bullish momentum against the British pound despite the recent interest-rate cut by Nigeria’s Central Bank. The CBN’s latest data highlighted British […]
US commits additional $267 million to Ebola fight as DRC deaths exceed 3,700
The United States has pledged an additional $267 million to support the fight against the Ebola outbreak in Central Africa, as the death toll from […]
FMDQ turnover hits N496.61 trillion in eight months, FX, OMO leads
Cumulative turnover of Nigeria’s fixed-income and foreign-exchange transactions on FMDQ Exchange rose 16.43% to N496.61 trillion in the first eight months of 2026, up from […]
SEC issues deadline for public companies to submit IFRS sustainability reporting plans
Nigeria’s Securities and Exchange Commission (SEC) has given public companies and significant public interest capital market operators until October 15, 2026, to submit plans for […]
Learn Africa announces retirement of director Egbichi Akinsanya after six years
Learn Africa Plc has announced the retirement of Mrs. Egbichi Akinsanya from its Board of Directors, bringing to an end her six-year tenure as an […]
MAN warns 23% MPR cut may have little impact with lending rates at 30%
The Central Bank of Nigeria’s reduction of its benchmark interest rate may have limited impact on manufacturers if commercial lending rates remain as high as […]