Capital Market Inflows Projected at N10.53trn for May
The Financial Markets Dealers Association (FMDA) has projected that Nigeria’s financial system is expected to record N10.53 trillion in inflows in May 2026.
In its April monthly report, the association said the projected inflow represents a 16 percent...
Iran Slashes Oil Output as Storage Hits Capacity Limit
The United States and Iran are edging towards a temporary agreement to halt their war as Tehran grapples with an escalating oil storage crisis caused by stalled crude exports and falling production.
Sources and officials told Reuters...
FG Grants Licences for 720,000MT Petrol Import
The Federal Government, through its Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued licences to six marketers for the importation of 720,000 metric tonnes of Premium Motor Spirit (petrol).
The marketers are NIPCO, AA Rano, Matrix, Shafa,...
Customs Rolls Out Digital Reforms to Streamline Trade
The Nigeria Customs Service (NCS) has intensified efforts to drive its ongoing digital transformation agenda, seeking stronger media collaboration to boost public understanding and acceptance of its Trade Modernisation Project aimed at improving trade facilitation, revenue generation,...
Dangote Targets London Listing to Fund Cement Expansion
Africa’s richest man, Aliko Dangote, is considering listing part of his cement business in London in what could become one of the biggest international market moves by a Nigerian industrial group in recent years.
The proposed listing is...
CBN's Policy Hits With N1.92trn Market Loss
The stock market on Thursday closed on a negative note as investors lost N1.92 trillion following sell-offs in banking and cement stocks.
This came amid reactions to new regulatory guidelines by the Central Bank of Nigeria on foreign subsidiaries...
