NGX Launches Equity-based Commodity Index to Track Performance The Nigerian Exchange Limited (NGX) has introduced an Equity-Based Commodity Index designed to track the performance of companies in the energy, agriculture, mining, metals, and natural resources sectors. The index, which debuts with an initial value of 1,000,...

Telecoms Propose 100% Tariff Increase Nigerian telecommunications companies have proposed a 100 per cent increase in their tariffs, pending approval from the government. The proposal, which has been submitted to the Nigerian Communications Commission (NCC), aims to address rising operational costs, including inflation and increased service...

Naira Depreciates by 0.36% The Nigerian naira weakened to N1,541.36/$ on the first day of trading in the New Year. According to the NFEM rate data available on the website of the Central Bank of Nigeria, this is a 0.36 per cent depreciation compared to the...

How NNPCL Turned Down Dangote's $750m Offer to Manage Nigeria Refineries - Obasanjo Former President Olusegun Obasanjo has disclosed details of how the Nigerian National Petroleum Corporation (NNPC) rejected a $750m offer by billionaire business tycoon Aliko Dangote to manage the Port Harcourt & Kaduna...

DMO Says Adequate Budgetary Provisions in Place to Meet Foreign, Local Debt Obligations The Debt Management Office (DMO) says the Federal Government has made adequate budgetary provisions to meet the country’s foreign and local debt obligations. It said this in a statement on Wednesday in Abuja. According...

Autonomy: No plan to Seize LGs from you, Tinubu Assures Govs President Bola Ahmed Tinubu has denied speculations making the rounds that he is at war with state governors over his push for local government autonomy across the country. In July 2024, the Supreme Court delivered...