Nigerian Stock Market Records N1.95trn Gain in January   Despite cautious trading sentiment among investors, the Nigerian stock market experienced a remarkable surge in January 2025, with its market capitalization increasing by a significant N1.95 trillion. This emerged as the Minister of Finance and Coordinating Minister of...

CBN Predicts N31.787trn Inflow from Diaspora Remittances   The Central Bank of Nigeria (CBN) has made a bullish forecast, predicting that diaspora remittances will surge to a record N31.787 trillion once the fourth-quarter 2024 numbers are finalized. The substantial increase in diaspora remittances was attributed to the...

NAICOM Unveils Revised Annuity Regulations for Insurance Operators   In a move to strengthen the annuity market and ensure greater transparency, the National Insurance Commission (NAICOM) has introduced new regulations governing annuity business, effective February 1, 2025. An annuity is a contract between you and an insurance...

NLC Suggests 5% Telecoms Tariff Increase, Vows to Proceed with Protest   The Nigeria Labour Congress (NLC) has strongly rejected the Nigerian Communications Commission's (NCC) approved 50% telecom tariff hike, calling it "unjust" and a huge burden on Nigerians already struggling with economic hardship. The country’s labour...

NNPC, Marketers Import 633m Litres of Fuel to Address Domestic Shortfall   In a move to address the domestic fuel shortage, the Nigerian National Petroleum Company Limited (NNPCL) and other downstream oil sector marketers brought in a substantial volume of petroleum products in January 2025. The latest...

Nigeria Loses 20% of Gas Exports to Pipeline Vandalism   A recent pipeline attack by suspected vandals has severely impacted Nigeria's liquefied natural gas exports, resulting in a substantial 20% decline. The damage to critical pipelines has disrupted the country's ability to export LNG, highlighting the ongoing...