business
Nigerian Exchange Climbs as Market Capitalisation Adds ₦305bn
The Nigerian Exchange All-Share Index gained 473 points on Thursday, adding ₦305.56 billion to market capitalisation, as trading resumed after the Eid al-Mawlud holiday.
Business
business
Tinubu Urges NLNG to Maximise Gas Reserves, End Flaring for Domestic Benefit
President Tinubu has urged the Nigeria Liquefied Natural Gas (NLNG) board to eliminate gas flaring and convert the resource into greater economic benefit for Nigerians, prioritising domestic gas utilisation.
business
Dangote Refinery Expands Free Fuel Delivery to Kano, Imo, Anambra, Nasarawa
Dangote Refinery has expanded its free petroleum product delivery initiative to Kano, Imo, Anambra and Nasarawa states, aiming to cut distribution costs and create room for lower pump prices.
business
SEC Proposes ₦30m Registration Fee, ₦2bn Capital Requirement for Crypto Firms
Nigeria’s Securities and Exchange Commission has proposed a ₦30m registration fee and a minimum capital requirement of up to ₦2bn for digital asset exchanges and custodians under new draft rules.
business
Presidency, Wike Reject Atiku’s Pledge to Restore Petrol Subsidy if Elected in 2027
The Presidency and FCT Minister Nyesom Wike have rejected Atiku Abubakar’s pledge to restore petrol subsidy if elected president in 2027, describing the proposal as inconsistent and fiscally regressive.
business
Analysts See Stronger Market as CBN Reviews OMO and Eases Liquidity Access
Analysts expect a stronger equities market as the Central Bank reviews its Open Market Operations and eases access to liquidity.
business
NAICOM Revokes Universal Insurance Licence, Appoints Liquidator
The National Insurance Commission has revoked the operating licence of Universal Insurance and appointed a liquidator.
business
Naira Strengthens to Five-Month High Near ₦1,343/$ on Improved Dollar Supply
The naira firmed to about ₦1,343 per dollar at the official market — its strongest level in roughly five months — as dollar liquidity improved.
business
Nigerian Stocks Fall for Seventh Straight Session, Shedding About ₦5 Trillion in a Week
The Nigerian Exchange extended its correction for a seventh consecutive session on Wednesday, with market capitalisation down roughly ₦5 trillion over the seven-day slide.
business
EFCC Probes Suspect After Customs Seizes $73,000 and Other Currencies at Kano Airport
The anti-graft agency has opened an investigation after Customs intercepted large sums of undeclared foreign currency concealed in luggage at Mallam Aminu Kano International Airport.
business
Naira Firms to Around ₦1,350/$, Its Strongest Level Since April
The naira continued its recent appreciation, closing near ₦1,350 to the dollar at the official market — its best level in nearly four months.
business
Oil Prices Rise as US-Iran Deadline Passes With Strait of Hormuz Still Deadlocked
Crude climbed and stocks wavered after a temporary US-Iran framework expired without a deal to fully reopen the Strait of Hormuz, keeping global energy markets on edge.
business
Finance Minister Says Reforms Have Pushed Monthly FAAC Allocations Above ₦2 Trillion
Finance Minister Taiwo Oyedele says Nigeria’s economic reforms have raised monthly federal allocations to states and local governments to over ₦2 trillion.
business
Naira Hits 17-Year Reserve High as Currency Strengthens to N1,358/$
The naira strengthened to N1,358.25/$ as Nigeria's external reserves climbed to $52.25 billion, their highest level in 17 years.
