NGX Gains N961.75bn as Rally Extends to 5th Day   Nigeria’s equities market sustained its bullish momentum on Thursday, extending its winning streak to five consecutive trading sessions as renewed buying interest in banking, telecommunications and consumer goods stocks lifted investors’...

Consumer Goods Prices Increase Despite Stable Economic Indicators   Prices of several fast-moving consumer goods in Nigeria’s retail market recorded fresh increases, with some dairy and cereal products posting increases of up to 66.7 per cent despite a relatively stable macroeconomic...

Dangote Refinery Got 22% of June Crude From Foreign Sources   The Dangote Petroleum Refinery sourced about 78 per cent of its crude oil feedstock from the Nigerian National Petroleum Company Limited (NNPCL) and other indigenous producers between May and June...

Power Sector Loses N2.6bn to Transmission Faults in 3 Months   Nigeria’s electricity transmission losses cost the power sector an estimated N2.61bn in the first quarter of 2026 as the Transmission Company of Nigeria failed to meet the loss target set...

FG Targets N30trn Mining Sector Through Major Reforms   The Federal Government on Thursday reaffirmed its ambition to expand Nigeria’s solid minerals industry 25-fold to about N30trn, equivalent to approximately $21bn, by 2030, as reforms in the sector continue to attract...

IMF Projects 3% Economic Growth, 4.7% Global Inflation   The International Monetary Fund (IMF) has projected that global headline inflation will increase from 4.1 per cent in 2025 to 4.7 per cent in 2026. In its July 2026 World Economic Outlook Update,...