Currency Stability: Naira Holds Firm Against the British Pound at Fresh Market Open The domestic foreign exchange market kicked off its weekly trading operations with a renewed sense of stability. Demonstrating continuous structural resilience, the Nigerian Naira maintained its recent…
Market Recovery: Financial and Insurance Sectors Fuel Strong Rebound on the NGX The Nigerian capital market staged a highly impressive recovery to wrap up the trading week on a positive note. Breaking away from a multi-day streak of aggressive profit-taking,…
Financial and Insurance Sectors Fuel Strong Rebound on the NGX The Nigerian capital market staged a highly impressive recovery to wrap up the trading week on a positive note. Breaking away from a multi-day streak of aggressive profit-taking, the local…
An investigation by Channels Television, has revealed that the Dangote Petroleum Refinery & Petrochemicals has significantly ramped up its domestic distribution of Premium Motor Spirit (PMS), widely known as petrol, to filling stations nationwide. Industry sources also confirm that Dangote…
Future Mobility: How a Massive Infrastructure Push is Powering Nigeria’s EV Revolution The domestic automotive market is about to experience a profound structural transformation toward clean energy. A landmark multi-million dollar investment initiative is set to accelerate the development of…
Capital Drought: Foreign Inflows into Telecoms Slide to a Four-Year Low. Nigeria’s telecommunications market is currently navigating a highly complex financial phase. Fresh data reveal that foreign capital inflows into the telecom sector have plummeted to a four-year low of…
Budgeting for Sweetness: Nigeria Proposes Higher Taxes on Carbonated Drinks. The cost of everyday refreshments is about to take a significant hit across the country. A fresh legislative push within the national assembly seeks to heavily increase the current excise…
NERC Enforcement Protects Customers Against Outage Shortfalls The consumer electricity market has entered a new era of strict regulatory accountability. The Nigerian Electricity Regulatory Commission (NERC) has issued a decisive enforcement mandate to power distribution companies across the federation. Moving…
Naira Shows Resilience with Fresh Gains Against the British Pound The domestic foreign exchange ecosystem is showing notable signs of structural recovery this week. In a refreshing turn of events for local market observers, the Nigerian Naira has appreciated significantly…
Equities Shed N478 Billion as Selling Pressure Hits the NGX The blistering rally on the Nigerian Exchange (NGX) experienced a sharp reality check this week. A powerful wave of profit-taking swept through the trading floor on Tuesday, wiping out N478.7…
The Central Bank of Nigeria has said it is pursuing reforms to achieve 95 per cent financial inclusion and deliver “faster-than-a-blink” digital transactions, bringing millions more market women, farmers and young people into the formal financial system. Speaking during the…
Inside the CBN’s Fight Against a N10.90 Trillion Liquidity Surge. A massive wave of cash is about to test the walls of Nigeria’s financial system this June. According to the latest market intelligence from the Financial Markets Dealers Association (FMDA),…
Driven by Hardship: Why Organized Labor Is Rejecting the N100,000 Wage Proposal The ongoing conversation around public sector compensation in Nigeria has taken a definitive turn this morning. Organized labor has officially dismissed a fresh six-figure minimum wage proposal put…
How Africa’s Top Performing Currencies Define Regional Stability The economic landscape across the African continent is presenting a fascinating study in monetary discipline this season. While global market volatilities continue to test emerging economies, a select group of nations has…
How Power Deficits Drain 3% of Annual Sales from Nigerian Firms The daily operational reality for businesses across Nigeria is taking a quantifiable toll on corporate ledgers. A fresh macro-assessment reveals that persistent electricity shortages are slicing an average of…
