Business

CBN cuts T-bill rate as investors submit N3.63trn for one-year bill

Investor appetite for Nigeria’s longer-term government securities remained strong at the latest Treasury Bills auction, despite a reduction in the…

1 month ago

Crude oil imports hit 2.39m tonnes at Lagos ports in August

Crude oil emerged as the dominant commodity handled across Lagos ports in August 2026, with total imports reaching 2.39 million…

1 month ago

Nigeria’s stock market ends 11-day slide as investors gain N306bn

Trading on the Nigerian stock market closed higher on Thursday, August 27, 2026, ending an 11-day losing streak, as investors’…

1 month ago

Nigeria’s reserves hit $53bn, highest in 17 years

Nigeria’s foreign exchange reserves have climbed to $53.11 billion, reaching their highest level in more than 17 years, according to…

1 month ago

Stock market extends bearish run as investors lose N260bn

The Nigerian stock market continued its bearish trend on Wednesday, August 26, 2026, shedding N260 billion as renewed sell-offs hit…

1 month ago

H1 2026: Afreximbank net income rises 30% to $534.7m as shareholders’ funds hit $8.5bn

The African Export-Import Bank (Afreximbank) has recorded a 30 per cent increase in net income to $534.7 million in the…

1 month ago

Fixed-income trading surges to N10.5trn as OMO Bills dominate market

Trading activity in Nigeria’s fixed-income market strengthened last week, with transactions rising to N10.51tn as investors continued to position around…

1 month ago

Dangote hikes petrol price to N1,200/ltr amid falling crude prices

Dangote Petroleum Refinery and Petrochemicals FZE has raised the gantry price of Premium Motor Spirit from N1,185 to N1,200 per…

1 month ago

19 oil bloc licences set to expire in 2026 — NUPRC

At least 19 oil licences in Nigeria's upstream petroleum sector are due to expire this year, according to the Nigerian…

1 month ago

Saudi Arabia to invest €6bn in three theme parks near Paris

Saudi Arabia is set to invest €6 billion in the development of three major theme parks near Paris, France, in…

1 month ago

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