An extended wave of profit-taking wiped billions from local equities this week. Consequently, Nigerian stocks lose N3.8 trillion in total market capitalisation over five consecutive losing sessions, pulling the market down from its historic highs. Also read Four NGX Growth…
Strategic position trading on the Nigerian Exchange continues to reward disciplined retail investors. A selected portfolio of NGX growth stocks portfolio returns yielded exceptional growth, transforming an initial N10 million capital outlay into N26.1 million within a brief trading horizon.…
Economic shifts in Nigeria are changing how families manage daily budgets and plan for the future. From the unexpected end of fuel subsidies during President Bola Ahmed Tinubu’s May 2023 inaugural address to the recent unification of foreign exchange windows,…
Retail investment appetite shifted this month as the Debt Management Office secured N5.86 billion from its latest offering. This August 2026 auction highlights a notable drop in FGN Savings Bonds investor demand, reflecting broader changes in Nigeria’s fixed-income market landscape.…
Nigeria is taking major steps to transform its national energy landscape. The Midstream and Downstream Gas Infrastructure Fund is currently backing roughly 200 gas infrastructure projects across the country. Executive Director Oluwole Adama announced this initiative during an industry briefing…
Nigeria failed to meet the United States government’s minimum Fiscal Transparency Test requirements for 2025, according to the 2026 Fiscal Transparency Report released by the U.S. Department of State on Tuesday. The report assessed 139 governments alongside the Palestinian Authority…
The Nigerian equities market experienced a sharp pullback on Wednesday as a major stock selloff wipes N1.76 trillion off total market capitalisation. Heavy profit-taking across key sectors pushed overall market valuation down to N157.49 trillion from the previous day’s N159.26…
A new research report reveals that Nigerian households face job loss and severe financial pressure at an alarming rate across the nation. Over the past twelve months, nearly half of families across all six geopolitical zones lost employment or closed…
The Central Bank of Nigeria stunned financial markets on Wednesday by raising key borrowing yields. In a surprising strategic move, the CBN hikes stop rates on the benchmark 364-day Treasury Bill to 17.59 percent. This decision comes even after investors…
The local equities market experienced a sharp pullback after days of consistent gains. Investors stepped in to lock in recent profits across major blue-chip companies. Consequently, the NGX market capitalization profit-taking drove total equity values down by N1.17 trillion in…
Air travel in Nigeria is set to become less stressful for domestic passengers. The aviation regulator announced new plans to upgrade luggage handling using modern digital tracking technology. As a result, air travelers will soon monitor their checked luggage live…
The Nigeria Customs mid-year revenue figures show a dramatic turnaround for maritime trade and border control. By collecting N4.03 trillion in the first six months of 2026, the service has outpaced initial performance projections. Consequently, this surge keeps the agency…
Heirs Life Assurance has appointed Pastor Jerry Eze, founder and lead pastor of Streams of Joy International Ministry, as an independent non-executive director (NED) on its board, effective August 10. In a statement released on Monday, the company noted that…
The Nigerian stock market valuation crossed a historic threshold this week. Local trading floors witnessed a strong rebound, propelled by intense demand for telecom equity. Investors watched index benchmarks jump following weeks of cautious trading. This surge highlights shifting liquidity…
The Nigeria Revenue Service (NRS) has stated in an internal report that Nigeria’s economy today is demonstrating strong signs of full recovery and accelerated growth following a series of difficult structural reforms. According to the agency, the upward trajectory stems…
