Economy

  Nigeria’s headline inflation rate declined further to 15.43% in July 2026, representing a 0.48 percentage-point decrease from the 15.91% recorded in June. The latest figure was contained in the Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS), which also showed a significant decline from the 24.94% recorded in July […]

  Nigeria’s net foreign exchange (FX) flow stood at US$4.94 billion in March 2026, representing a 38% increase compared with the US$3.58 billion recorded in March 2025. The latest figure was contained in the Central Bank of Nigeria’s (CBN) Q1 2026 Statistical Bulletin, which showed that net FX flow declined on a month-on-month basis despite

  The Nigerian equities market extended its bearish trajectory into a new week on Monday, August 17, 2026, as continued selling pressure in banking and insurance stocks pushed the benchmark NGX All-Share Index (ASI) down 0.07%. The ASI closed at 242,454.65 points, compared with 242,619.20 points in the previous session, while market capitalisation declined to

  The Economic and Financial Crimes Commission (EFCC) has facilitated the recovery of $60 million from Nestoil Limited, with the funds paid to a consortium of lenders as part of efforts to resolve the oil and gas company’s outstanding indebtedness. The recovery followed a structured repayment arrangement reached between Nestoil and the consortium of lenders,

The Central Bank of Nigeria (CBN) recorded total foreign exchange sales of $953.41 million in March 2026, marking the highest monthly level since April 2025. The figure was disclosed in the apex bank’s latest Quarterly Statistical Bulletin, highlighting a sharp increase in foreign exchange supply during the month. What you should know The March increase

  The Central Bank of Nigeria (CBN) recorded N4.93 trillion in total subscriptions at its OMO auction on Thursday, August 13, 2026, as investors showed strong demand for the short-term securities. The subscriptions came against a combined N600 billion offered across the 103-day and 138-day bills, with N300 billion allocated to each tenor. According to

Dangote Refinery rules out foreign listing for at least three years, prioritises Nigerian IPO Dangote Petroleum Refinery & Petrochemicals will not pursue a foreign stock market listing for at least three years, as the company prioritises its planned Nigerian initial public offering (IPO) before considering an overseas listing. The timeline was disclosed by the refinery’s

  The Nigerian equities market extended its losing streak on Thursday, August 13, 2026, as continued selling pressure in consumer goods and selected large-cap stocks pushed the NGX All-Share Index (ASI) down 0.39%, wiping approximately N613.09 billion from investors’ wealth. The ASI fell to 243,017.38 points from 243,967.09 points on Wednesday, while market capitalisation declined

  If an investor had invested N10 million equally across the four best-performing SWOOT stocks among Nigerian Exchange-listed companies at the start of 2026, the portfolio would be worth approximately N26.15 million as of August 13, 2026. This represents a theoretical capital gain of N16.15 million, equivalent to a 161.5% return in less than eight

  The Central Bank of Nigeria (CBN) raised the stop rate on its benchmark 364-day Treasury Bill to 17.59% at Wednesday’s auction, defying expectations that strong investor demand would push borrowing costs lower. Investors submitted a combined N4.4 trillion in bids across the three-tenor Treasury Bill offer against N700 billion advertised by the apex bank,