Tracking Nigeria’s Business, Financial News

With an estimated 16 million residents, Lagos is the most densely populated state in Nigeria. It’s under immense pressure to transport its huge population. According...

Regions

Police arrests teacher accused of raping 27 female students

June 6, 2023. Azonuchechi Chukwu. A Senegalese Koran teacher suspected of...

Regions

Strike: Ebonyi workers begs NLC to sue for dialogue, save the economy Leave a Comment / By Douglas Okoro / June 5, 2023 Dialogue...

By Douglas Okoro Abakaliki, June 5, 2023 Civil servants...

The BigRead

The Big Read

Under Buhari administration Nigeria’s security situation got worse: How Tinubu’s administration can tackle it

June 5, 2023 0

Sallek Yaks Musa, University of Northampton Nigeria’s new president,...

The Big Read

Developing economies need help navigating geopolitical driven sanctions, export controls

May 16, 2023 0

The World Trade Organization (WTO) is struggling to define...

The Big Read

How Energy Transition Can Determine Africa’s Route To Influence

May 8, 2023 0

By Antony Sguazzin With the battle for influence in Africa...

The Big Read

Nigeria’s $53bn central bank debt restructuring

May 5, 2023 0

Remember the $53bn Nigerian debt imbroglio that Alphaville wrote...

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Data & Inflation

Retail & Households inflation

App-based transport workers want fare review from Uber, Bolt

Food Inflation

Subsidy removal: Some traders in Abuja lament as motorists hike transport fares

Food Inflation

Nigerians Groan as Inflation Hits 18-year high, firms’ unsold goods rise 22% to N470bn

Retail & Households inflation

Average price of 5kg cooking gas stands at N4,642 in April- NBS

App-based transport workers want fare review from Uber, Bolt

Retail & Households inflation

Subsidy removal: Some traders in Abuja lament as motorists hike transport fares

Food Inflation

Nigerians Groan as Inflation Hits 18-year high, firms’ unsold goods rise 22% to N470bn

Food Inflation

Average price of 5kg cooking gas stands at N4,642 in April- NBS

Retail & Households inflation

Petrol price drops slightly to N254 per litre in April 2023 – NBS

Food Inflation

Economists proffer solutions to Nigeria’s rising inflation

Food Inflation

Traders, consumers lament tomatoes price hike

Food Inflation

Nigeria’s inflation rate rises to 22.22%

Food Inflation

The Nigerian Economy

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Nigeria’s total trade stood at N12tn in Q1 2023- NBS

Azonuchechi Chukwu - June 6, 2023

DMBs deposit with CBN stood at N2.1 trillion as Borrowing hits 275%

Idowu Peters - June 5, 2023

Nigeria’s earnings from electricity export down 27% – CBN

Naija247news Media Nigeria - June 5, 2023

Nigerian Banks begin collection of tax certificate on FX requests

June 5, 2023

Investors confidence in Nigeria’s economy hit five-month high

June 5, 2023

IATA Laments as Foreign airlines’ blocked fund in Nigeria hits $812m

June 5, 2023

5G Tech To Generate 22.3m Jobs, Yield $13.2trn In Global Economy – NCC

June 5, 2023

PFAs Sustain Bet on FGN Papers, Equities as NAV Hits N15.58 Trillion in Q1:23…

June 3, 2023

Tinubu Administration’s Patriotic Policy Direction Rouse Investors’ Sentiments

June 3, 2023

Subsidy Removal: President Tinubu vows review minimum wage

June 2, 2023

Nigeria’s Labour Union to shut down economy over fuel subsidy removal

June 2, 2023

Lagos Government – Firstbank partner To Boost Healthcare Delivery In Ije-dodo community

June 2, 2023

Markets & Investing
Markets & Investing

Nigerian Bourse sheds weight, closes lower by 0.02%

Azonuchechi Chukwu - June 6, 2023

June 6, 2023. Azonuchechi Chukwu. The equity market on Monday closed...

SEC moves to check delisting from capital market

Naija247news Media Nigeria - June 5, 2023

The Securities and Exchange Commission has expressed its readiness...

Stock market gains N1.55tn, returns 5.37% WtD

Azonuchechi Chukwu - June 5, 2023

June 5, 2023. Azonuchechi Chukwu. The Nigerian stock market last week...

Upbeat Sentiments Rule as Equities Investors Act on Policy Guidelines…

Babatunde Akinsola - June 3, 2023

ASI Up 5.37% w/w. After closing the month of...

Stock market extends Gains, Closes by 0.07% higher

Azonuchechi Chukwu - June 2, 2023

June 2, 2023. Azonuchechi Chukwu. The Nigerian stock market on Thursday...

Nigeria Eurobonds, stocks rally on Tinubu ends fuel subsidy

Kudirat Bukola - June 1, 2023

June 1 - Nigeria's sovereign dollar-denominated bonds rallied...

Monetary & Fiscal Policy

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Naira Slumps to N750/$1 at Parallel Market

Azonuchechi Chukwu - June 6, 2023

June 6, 2023. Azonuchechi Chukwu. The Naira depreciated again at the...

Investors Cherry-Pick FGN Bonds as Yields Move in Mixed Directions…

Babatunde Akinsola - June 3, 2023

In the just completed week, the value of FGN...

NIBOR Falls for All Tenor Buckets Despite Muted Activity at the Primary Market…

Babatunde Akinsola - June 3, 2023

In the past week, there was muted activity in...

Naira Trades in the Mix Bag As Policy Directions from New Administration Drive Sentiments….

Babatunde Akinsola - June 3, 2023

Following the policy statement by the new administration on...

Naira depreciates by 0.07at the Investors and Exporters Window, Parallel market.

Naira appreciates against US Dollar by 0.23% to close at N463.33/$1

Naira depreciates against the US Dollar in the Investors and Exporters Window

Naira Weakens at I &E,strengthens at the Black Market

Naira Appreciates by 0.46% against US Dollar at Investors and Exporters Window

Naira depreciates further,Hits N465.13/$1 at Official Market

Naira Drops Further by 0.14% at Investors and Exporters Window.

Naira Depreciates Against US Dollar at Investors and Exporters window.

Oil & Gas

N1bn petrol, other smuggled goods seized in May – Customs

June 6,2023. The Federal Operations Unit, Zone A , Ikeja of the Nigeria Customs Service says it intercepted 30, 900 litres of Premium Motor Spirit also...

Oil & Gas

Experts speak as fuel subsidy Removal stirs energy crisis

June 6,2023. The controversy over the removal of fuel subsidy...

News Analysis

Fuel Subsidy removal: What we want FG to do — TUC

By Esenvosa Izah Lagos, June 5, 2023 The Trade Union...

Oil Markets

What oil production cuts were agreed at OPEC+ meeting?

VIENNA, June 5 (Reuters) - Saudi Arabia will make...

Oil Markets

Oil rises 1% on Saudi plan to deepen output cuts from July

Brent and WTI both jump by more than $1 Saudi...

Companies & Finance
Companies & Markets

NGX partners ISSB, FRCN to host webinar on sustainability disclosure standards

Companies & Markets

Azonuchechi Chukwu - June 6, 2023

June 6, 2023. Azonuchechi Chukwu. NGX Regulation Limited (NGX RegCo), in collaboration with the International Sustainability Standards Board (ISSB) and Financial Reporting Council (FRC) of Nigeria,...