NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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NGX CEO: Dangote refinery IPO could trigger fresh wave of listings
Capital Market

NGX CEO: Dangote refinery IPO could trigger fresh wave of listings

Oct 9, 2026 • By Stella Odiche

DANGOTE Petroleum Refinery’s initial public offering could encourage more Nigerian companies to list on the Nigerian Exchange (NGX), as the capital market expands its capacity to mobilise funds and connect businesses with a wider…

FG deploys N729bn bonds to clear electricity sector arrears
Energy and Power

FG deploys N729bn bonds to clear electricity sector arrears

Oct 9, 2026 • By Yakubu Ibrahim

THE Federal Government has begun using a N728.98 billion bond issuance to settle outstanding debts owed to electricity generation companies and their gas suppliers, in a move aimed at easing financial pressures across Nigeria’s…

Government securities attract N11.08trn in NGX listings in nine months
Capital Market

Government securities attract N11.08trn in NGX listings in nine months

Oct 9, 2026 • By Stella Odiche

GOVERNMENT-ISSUED debt instruments accounted for N11.08 trillion of securities listed on the Nigerian Exchange (NGX) between January and September 2026, dwarfing the value recorded for corporate and other non-government instruments. The amount represented approximately…

Capital Market

Airtel Money lists on London Stock Exchange at £5.3bn valuation

Oct 9, 2026 • By Stella Odiche

AIRTEL Money, the digital financial services business of Airtel Africa, has commenced conditional trading on the London Stock…

Economy

World Bank: States raise capital spending 182% as revenues surge

Oct 9, 2026 • By Stella Odiche

NIGERIAN state governments increased capital expenditure by 182 percent between 2021 and 2025, as higher federal allocations and…

Economy

West Africa targets cross-border investments as Bio, Elumelu push regional integration

Oct 9, 2026 • By Stella Odiche

WEST African leaders are seeking to unlock cross-border investment and build regional industries by mobilising private capital for…

Banking & Finance

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Failed banks: NDIC refunds N69.65bn to insured depositors

Oct 9, 2026 • By Stella Odiche

Failed banks: NDIC refunds N69.65bn to insured depositors

THE Nigeria Deposit Insurance Corporation (NDIC) has disbursed N69.65 billion to insured depositors of failed financial institutions, as the agency steps up efforts to ensure customers…

CPPE: CBN rate cut could revive private investment, unlock cheap credit for firms

Economy

CPPE: CBN rate cut could revive private investment, unlock cheap credit for firms

Sep 22, 2026 • By Stella Odiche

THE Centre for the Promotion of Private Enterprise (CPPE) says the Central Bank of Nigeria (CBN)’s 350-basis-point cut in its…

Oil and Gas

FG begins 30-day petrol discount at NNPC stations

Oct 8, 2026 • By Yakubu Ibrahim

THE Federal Government has announced a 30-day discount on petrol sold at filling stations operated by the Nigerian…

Oil and Gas

FG begins 30-day petrol discount at NNPC stations

Oct 8, 2026 • By Yakubu Ibrahim

THE Federal Government has announced a 30-day discount on petrol sold at filling stations operated by the Nigerian National Petroleum Company Limited…

Business

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Sector Watch

agriculture

Agribusiness

Tariff evasion: India uncovers suspected scheme to pass Nigerian soybeans as Niger products

Agribusiness

Tariff evasion: India uncovers suspected scheme to pass Nigerian soybeans as Niger products

Oct 6, 2026 • By Stella Odiche

INDIAN customs authorities have launched an investigation into a suspected trade scheme in which Nigerian soybeans may have…

cell_tower

Telecoms

MTN in talks to acquire Mafab’s 5G spectrum

Telecoms

MTN in talks to acquire Mafab’s 5G spectrum

Sep 19, 2026 • By Stella Odiche

MTN Nigeria is negotiating to acquire spectrum held by Mafab Communications, in a transaction that could lead to…

construction

Infrastructure

FEC approves N2.08trn road projects, N286bn maritime infrastructure upgrades

Infrastructure

FEC approves N2.08trn road projects, N286bn maritime infrastructure upgrades

Jun 30, 2026 • By Yakubu Ibrahim

THE Federal Executive Council (FEC) has approved projects worth more than N2.3 trillion covering roads, maritime infrastructure and…

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