The Central Bank of Nigeria (CBN) has opened applications for the second cohort of its Regulatory Sandbox Programme, allowing fintechs, financial institutions and technology companies to...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said West Africa’s plan to establish a regional benchmark for refined petroleum products will require stronger...
The Dangote Refinery accepted 52.6 million barrels of crude oil out of 68.1 million barrels offered by producers under Nigeria’s Domestic Crude Supply Obligation (DCSO) framework...
Lagos State received N477.05 billion in gross Federation Account Allocation Committee (FAAC) revenue in the first half of 2026, the highest among Nigeria’s 36 states, as...
Caverton Offshore Support Group Plc’s recovery is beginning to show in its operating numbers, but the company’s balance sheet remains a major obstacle to a return...
The Nigerian Electricity Regulatory Commission has dissolved the board of Kaduna Electricity Distribution Plc over N456.5bn in cumulative market obligations, citing prolonged financial defaults, inadequate investment...
UPDC Real Estate Investment Trust’s rental income rose 88 per cent to N1.58bn in the first half of 2026, strengthening the earnings story behind a 109.42...
Nigeria’s tax revenue has more than doubled in less than three years, rising 113 per cent from N12.3tn in 2023 to N27.1tn as of July 2026,...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has defended the performance of its management under Group Chief Executive Officer (GCEO), Bayo Ojulari, saying crude oil...
First HoldCo Plc has disclosed that a company linked to its Chairman, Olufemi Otedola, acquired 138.04 million ordinary shares worth about N18.1 billion in the financial...
President Bola Tinubu has said his administration’s economic reforms are helping to stabilise Nigeria’s economy after the Nigerian Exchange (NGX) Group disclosed that the market capitalisation...
Nigeria is projecting up to $50 billion in offshore oil and gas investments by 2030 as it seeks to sustain the recovery in its upstream sector...
Nigeria’s economy may be entering a new phase of credit expansion as banks increase lending, businesses step up borrowing and loan defaults decline, signalling that years...
Oando Plc has unveiled plans to raise up to $1.5 billion through a multi-instrument issuance programme as the indigenous energy company seeks to ease a ₦2.16...
Nigeria’s electricity metering rate climbed marginally to 59.69 percent in April 2026, but the pace of meter deployment slowed, signalling that distribution companies may struggle to...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) posted a profit after tax of ₦535 billion in June 2026, even as operational disruptions, facility integrity issues...
NASCON Allied Industries Plc returned N16.21 billion to shareholders in the first half of 2026 as the salt and seasoning producer posted a 25.7 percent increase...
Banks, foreign investors lock funds in 20.10% yields as CBN mops up liquidity to support naira and tame inflation
By Nick Careen, IATA Senior Vice President, Operations, Safety & Security A passenger selects a flight. The schedule works, the fare is right, they add a...
Nigeria’s FX market started August on a stronger footing, with the naira appreciating against the United States dollar despite a slowdown in trading activity at the...
