Economy

  Market analysts have identified the potential listing of the Dangote Petroleum Refinery and increasing political spending ahead of Nigeria’s 2027 general elections as two major factors likely to shape the direction of the Nigerian stock market during the second half of 2026. The assessment comes as the Nigerian Exchange Group navigates a significant correction […]

  Credit extended to the Nigerian government rose significantly over the past year, reaching N40.38 trillion in May 2026, as public-sector borrowing continued to expand despite the relatively tight monetary policy environment maintained by the Central Bank of Nigeria (CBN). According to the latest CBN data, credit to government increased by N17.39 trillion from N22.99

  Some of Nigeria’s leading institutions in housing finance, banking, and construction have emerged as Power Sponsors of the 20th edition of the Africa International Housing Show (AIHS @20 – Legacy Edition), reinforcing the event’s position as one of Africa’s largest housing and real estate gatherings. The landmark edition is scheduled to hold from July

  Nigerians held N5.19 trillion outside the banking system as of May 2026, underscoring the continued reliance on cash transactions despite sustained efforts by regulators, banks, and fintech companies to deepen digital payments adoption and financial inclusion. According to the latest Money and Credit Statistics released by the Central Bank of Nigeria, currency outside banks

  Nigeria’s broad money supply (M3) increased to N129.21 trillion in May 2026, highlighting continued growth in liquidity within the economy despite the Central Bank of Nigeria’s commitment to maintaining a tight monetary policy environment. According to the latest Money and Credit Statistics released by the Central Bank of Nigeria, broad money supply rose from

  The Nigerian equities market recorded a strong recovery on Monday, June 22, 2026, with investors gaining N1.52 trillion in market capitalization as buying interest returned to major banking stocks, particularly First HoldCo Plc and Guaranty Trust Holding Company Plc (GTCO), both of which hit the maximum daily gain of 10%. The rally ended a

  Nigeria remained one of the world’s largest gas-flaring countries in 2025, ranking among nine nations responsible for 83% of global gas flaring, according to the latest report by the World Bank. The findings were published in the Global Gas Flaring Tracker Report, which highlighted the continued concentration of gas-flaring activities among a small group

Foreign operations have become increasingly important to Nigeria’s largest banks, with four members of the FUGAZ group generating a combined N1.949 trillion in pre-tax profit from their international subsidiaries in 2025. The figure represented 54.77% of their combined group pre-tax profit of N3.56 trillion, highlighting the growing strategic importance of offshore operations to the earnings