Nigerian companies are reporting record naira profits recently, especially in H1 2026, but the more revealing question is whether those earnings have recovered to pre-2023 […]
Category: Economy
Device importers, OEMs raise concerns over NCC’s October 6 DMS deadline
Device importers, Original Equipment Manufacturers (OEMs), dealers and vendors have raised concerns over the October 6, 2026 deadline set by the Nigerian Communications Commission (NCC) […]
NGX rebounds as Seplat, Transcorp, GTCO lift index, but breadth stays negative
The Nigerian equities market snapped a two-day losing streak on Thursday, September 10, 2026, as the benchmark All-Share Index (ASI) rose modestly by 0.06% to […]
Lagos begins arrest of buyers patronising illegal roadside traders next week
The Lagos State Government, through the Lagos Waste Management Authority (LAWMA), will begin arresting and prosecuting people who buy goods from illegal roadside traders next […]
CBN allots N1.05 trillion as 364-day NTB stop rate falls to 16.62%, third straight cut
The Central Bank of Nigeria (CBN) allotted N1.05 trillion at its Wednesday, September 9, 2026, Treasury Bills primary market auction, cutting the stop rate on […]
Anthropic researcher quits, warns AI labs are ‘gambling with our lives’
Jacob Coxon, an artificial intelligence researcher, has resigned from Anthropic, citing concerns about the race among frontier AI companies to develop increasingly capable systems. Coxon, […]
Naira slides N11/$ as interbank FX turnover jumps 70% to $94.43 million
The naira weakened by N11.10 against the US dollar in the interbank foreign exchange market on Wednesday, September 9, closing at N1,334/$, compared with N1,322.90/$ […]
CNG cylinder explosion fears slowing adoption in Nigeria – Pi-CNG/EV CEO
Fears that compressed natural gas (CNG) cylinders could explode are slowing the adoption of the fuel in Nigeria, according to the Presidential Initiative on Compressed […]
NGX sheds N1.67 trillion as sell-off deepens across sectors
The Nigerian equities market remained under pressure for a second straight session on Wednesday, September 9, 2026, as the benchmark All-Share Index (ASI) declined 1.05% […]
Nigerian consumer goods firms are earning less in dollars than before the 2023 reforms
Nine of Nigeria’s ten largest listed consumer goods companies generated less dollar revenue in 2025 than they did in 2022, the last full year before […]