News
Nigeria’s prices climb again as inflation hits 15.93%
Grocery bills and fuel costs kept climbing for Nigerian households during May as the country’s annual inflation rate rose for a third consecutive month.
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Nigeria’s prices climb again as inflation hits 15.93%
Grocery bills and fuel costs kept climbing for Nigerian households during May as the country’s annual inflation rate rose for a third consecutive month.
News
Julius Berger sheds 10% on thin volume across NGX
A 10% single-session decline in one of Nigeria’s most recognizable infrastructure stocks would normally trigger urgent conversations across the trading floor.
News
FAAC allocation surges 10% despite oil tax slump
The Federation Account Allocation Committee distributed ₦2.257 trillion for April, a jump of roughly ₦217 billion from the previous month.
News
CBN proposes sweeping ring-fencing plan for banks
If you bank with any of Nigeria’s major financial institutions, the company behind your account likely owns a fintech, an insurance arm, or a microfinance subsidiary.
News
Electricity sector VAT crashes 51% in Q1 2026
Nigeria collected a record ₦2.42 trillion in Value Added Tax during the first three months of 2026, a figure that paints a rosy picture of the country’s expanding tax base.
News
CBN moves to strip holdcos of power over bank lending
Investors holding shares in Nigerian banking groups have weathered a punishing regulatory cycle, and a fresh proposal from Abuja could trigger another costly rethink.
News
UK stakes £10m on Nigeria’s non-oil future
Nigeria has spent decades promising to reduce its dependence on oil revenue, and nearly every administration has pledged diversification.
News
Nigeria’s VAT revenue climbs past ₦2.4trn in Q1 2026
Nigeria pulled in ₦2.42 trillion in value-added tax during the first quarter of 2026, marking a new quarterly high in the country’s most critical non-oil revenue stream.
News
TotalEnergies slips 10% on thin Lagos volume
A stock that sat frozen near ₦640 for months suddenly cracked open on June 11, 2026, and what spilled out may trouble shareholders.
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