Petrol Imports Decline in June – Marketers  Nigeria’s import of Premium Motor Spirit, popularly known as petrol, by oil marketers fell to a record low in June, majorly driven by a ramp-up in output from the 650,000 barrels-per-day Dangote Petroleum Refinery, new data has shown. An...

Bullish Trend: Equities Market Extends Gain with N212bn The Nigerian Exchange Limited extended its bullish run on Wednesday, as investors recorded a gain of N212bn, following renewed buy interest in highly capitalised stocks across key sectors of the market. At the close of trading, the market...

FG Lists N4bn Savings Bonds on NGX The Nigerian Exchange Limited has announced the listing of the June 2025 issue of the Federal Government of Nigeria Savings Bonds on its platform. According to a market bulletin issued on Wednesday, with reference number NGXREG/IRD/MB48/25/07/09, the total amount...

Senate Declares Emergency on Ponzi Scheme, Probes N1.3tn CBEX Collapse The Senate on Wednesday launched a sweeping probe into the rise of Ponzi schemes in the country, following the catastrophic collapse of Crypto Bridge Exchange, a digital investment platform that allegedly fleeced Nigerians of over...

X CEO, Linda Yaccarino Resigns The Chief Executive Officer of Elon Musk-owned social media platform X (formerly Twitter), Linda Yaccarino, has stepped down after two years in the role. Yaccarino announced her resignation in a tweet on the platform on Wednesday, without stating a specific reason...

Dangote Industries Ltd.'s 650,000 bpd refinery, the largest in Africa, is set to rely solely on Nigerian crude oil by the end of 2025, potentially replacing hundreds of thousands of barrels of imported crude daily.