NGX Loses N581bn as Sell-Off Hits Day Four
The Nigerian equities market closed Thursday’s session in negative territory, extending its bearish run to the fourth consecutive trading day as profit-taking in heavy and mid-cap equities dragged down key performance indicators.
At the close of trading, the...
NRC Mulls Fare Hike on Fuel Surge
The Nigerian Railway Corporation (NRC) is considering an upward review of passenger and freight tariffs as mounting operational costs continue to pressure its finances.
The planned fare adjustment comes barely hours after the expiration of the Federal Government’s 50...
Oil Prices Decline as Middle East Tensions Ease
Oil prices fell by about $3 on Thursday as investors bet on a possible easing of tensions in the Middle East following hopes of a wider ceasefire deal that could eventually lead to the reopening of the...
Nigeria’s External Reserves Climb to $49.58bn, Gain $1.22bn in May
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‎Nigeria’s external reserves rose by $1.22 billion in May 2026 to close the month at $49.58 billion, underscoring improving foreign exchange inflows and growing confidence in the country’s economic reforms.
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‎Data from the Central Bank of...
President Bola Ahmed Tinubu has hailed the remarkable growth of Nigeria’s capital market as one of the strongest indicators of economic recovery under his administration.
Nigeria imported £1.1 billion worth of refined oil from the United Kingdom in 2025, underscoring its continued reliance on foreign petroleum products despite efforts to expand local refining capacity.
