Nigeria’s Macroeconomic Milestone: Foreign Reserves Hit $46 Billion for the First Time Since 2018 The Nigerian economy has hit a major turning point, with the nation’s foreign reserves soaring past the $46 billion mark. This monumental achievement, disclosed by CBN…
Major Consolidation: Leadway Holdings Completes Acquisition of PAL Pensions The landscape of the Nigerian pension Industry has undergone a significant transformation following the announcement that Leadway Holdings Limited has completed the acquisition of 100% equity interest in Pensions Alliance Limited (PAL).…
Nigeria’s CNG Leap: MDGIF Partners with Chinese Firm to Roll Out 500 Gas Stations Nationwide Nigeria is taking its most ambitious step yet toward clean energy mobility and addressing the high cost of transportation fuel. The Midstream and Downstream Gas…
FCMB Strengthens Board: Oluyinka Johnson Appointed Non-Executive Director The First City Monument Bank (FCMB) has announced the appointment of Ms. Oluyinka Johnson as a Non-Executive Director, a move approved by the Central Bank of Nigeria (CBN). This appointment significantly enhances…
Naira Weakens to ₦1,444/$1 as FX Pressure Persists Despite Rising Reserves The Naira closed the week on a fragile note in the official foreign exchange (FX) market, settling at ₦1,444/$1 on Friday.1 This result confirms persistent demand pressure and a…
Nigeria’s flag carrier, Air Peace, has claimed that the “unlawful” withdrawal of three aircraft by its wet lessor, SmartLynx Airlines, caused abrupt delays in its domestic operations and a $15 million financial loss. Nowel Ngala, the airline’s chief commercial officer…
Nigeria’s Gas Revolution: FG Commits ₦287 Billion to Infrastructure, Unlocking $500M in Funding The Federal Government of Nigeria is aggressively accelerating its push to transform the nation into a global gas powerhouse. The Midstream and Downstream Gas Infrastructure Fund (MDGIF)…
Investment Landmark: Why Norrenberger Paid a 111% Premium for a $1.3 Billion Stake in NASD OTC In what is being hailed as the most significant institutional endorsement of Nigeria’s Over-The-Counter (OTC) market this year, Norrenberger Securities Limited has executed a…
Beating the Heat: Why Chinese AC Brands are Dominating Nigeria’s Cooling Market As Nigeria cycles through its dry season and the Harmattan heat continues to challenge comfort, the demand for reliable and energy-efficient air conditioners has skyrocketed. With persistent issues…
The Abuja Paradox: Why Falling Inflation Isn’t Bringing Real Relief to Your Household Budget Nigeria’s official inflation figures are finally easing, showing a technical decline in the food inflation rate. That sounds like good news, right? But for millions of…
Lagos State Launches ₦200 Billion Bond: The Drive for Mega-City Infrastructure The Lagos State Government has officially returned to Nigeria’s domestic debt market with a monumental plan to raise up to ₦200 billion. This massive bond offer is the latest…
Investors at the Nigerian Exchange Limited(NGX) have reportedly lost a staggering N2.8 trillion between November 3 and November 7, 2025, causing the Nigerian stock market to plummet over the past five days. The All-Share Index, or ASI, dropped by 2.99…
Financial Breakthrough: Veritas Kapital Swings to N1.8 Billion Q3 2025 Profit, Beating Forecast by Over 100% In a spectacular reversal of fortune, Veritas Kapital Assurance Plc has reported a Profit Before Tax (PBT) of ₦1.8 billion for the third quarter…
The global financial community is taking a deep breath as key share indices slipped yesterday, delivering a sobering wake-up call to markets worldwide. The mood soured after a sharp downturn among major technology companies dragged the U.S. benchmarks lower, and…
Premium motor spirit prices have been lowered by Nigerian filling stations as the landing cost of petrol continues to decline below the ex-depot price of Dangote Refinery. On Wednesday, it was gathered that fuel pump prices at NIPCO, AA Rano,…
