NGX Gains N5.55trn as Buying Spreads Across Sectors   The Nigerian Exchange Limited (NGX) witnessed a historic surge in investor wealth on Wednesday as market capitalisation crossed the N152tn milestone, bolstered by an aggressive wave of bargain hunting and first-quarter earnings optimism. The market valuation climbed by...

Fuel, Logistics Costs Push Food Prices Higher   The average cost of cooking a pot of jollof rice for a Nigerian family has risen by more than 40 per cent of the national minimum wage, highlighting deepening pressure on household incomes amid surging food and transport...

The Central Bank of Nigeria (CBN) has maintained restrictions on Bureau De Change (BDC) operators’ access to the official foreign exchange market, citing compliance risks and past abuses.  

Aliko Dangote, President of the Dangote Group, has announced that the expansion of the Dangote Petroleum Refinery to a capacity of 1.4 million barrels per day will generate employment for about 95,000 skilled workers at peak construction.

Lagos-Abidjan Road to Spur West African Trade The Federal Government has reaffirmed its strong commitment to the actualisation of the 1028km Lagos–Abidjan Corridor, a major regional highway expected to transform trade and connectivity across West Africa. The Minister of Works, Senator David Umahi, gave the assurance...

‎RMAFC Begins Nationwide Data Verification to Review Revenue Sharing Formula ‎ ‎The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has commenced a nationwide data verification exercise aimed at strengthening Nigeria’s revenue allocation framework and ensuring a fairer distribution of resources among states and local governments. ‎ ‎The Commission...