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NNPC Limited has cut petrol pump prices at its retail stations, joining a downstream price war that is easing costs for motorists but squeezing marketers.

The Central Bank of Nigeria lowered its benchmark interest rate by 350 basis points on September 22, 2026, the steepest cut on record, as inflation eased for a third straight month and reserves strengthened.

The National Insurance Commission has begun final verification of insurers' compliance with higher capital requirements, with consolidation expected to follow.

The Central Bank of Nigeria is mopping up excess cash to keep money-market conditions tight, supporting the naira and inflation but keeping borrowing costs elevated.

The naira held broadly steady around N1,370 to the dollar as stronger reserves, tighter policy and returning portfolio inflows kept the currency within a narrow range.

Fitch Ratings has revised Nigeria's credit outlook to Positive from Stable, citing sustained reforms, disinflation and improved foreign reserves of $54.9 billion.

Nigeria's equities market fell for a second straight session on October 13, with the All-Share Index slipping 0.09% as investors booked profits in large-cap stocks after a record run.

Airtel Money has debuted on the London Stock Exchange in one of the largest African listings in years, with a planned secondary listing in Lagos.

The IMF has warned that AI could disrupt about 40% of jobs worldwide, urging governments to prepare workers and share the gains from the technology.

Anthropic researchers have warned that small AI models could self-replicate across connected devices, sharpening debate over how to control advanced systems.

The IMF has warned that Nigeria's improving economic indicators are not reaching the poorest households, questioning whether the country's reforms are creating shared prosperity.

The agency affirmed Nigeria's sovereign rating at B but changed the outlook to positive, citing naira flexibility, disinflation and faster-than-expected reserve accumulation.

The state oil company's retail arm is giving up its margin for 30 days, offering temporary relief without imposing a nationwide pump price.

Loan books are expanding again, but provisioning is rising alongside them.

Conditional trading began on 9 October, with full admission expected on 14 October as Airtel Africa retains its strategic holding.

The slowdown gives policymakers room to hold, but the service sector is still running hot.

The mobility-finance company ended local operations after six years and said eligible drivers would make no further vehicle payments from 1 October.

The framework tightens disclosure requirements and sets a cap on certain transaction fees.

The economy expanded faster in the first half of 2026 and retained a current-account surplus, but the development lender says stronger public revenue must translate into services and jobs.

The gap between spot and forward rates has narrowed, easing one source of corporate uncertainty.

Higher retained earnings have lifted buffers, giving lenders room for loan growth.

New scoring models are widening access, though questions over pricing remain.

Exchange-rate stability is now the swing factor in the earnings of almost every large listed company.

The latest projection is an improvement on the 4.0 percent growth recorded in 2025, with the multilateral lender expecting Nigeria’s...

Falling input costs are easing pressure on factory gate prices, but demand remains uneven.

Penetration remains thin, but distribution and digital products are opening new channels.

Regulatory changes have widened the menu of long-duration investments available to managers.

Fuel and haulage expenses are reshaping where and how goods reach the shelf.

Softer crude prices and maintenance downtime are expected to weigh on results.

The country's largest financial group by assets has received another NGX extension for its audited first-half results while it waits for regulatory approval from the Central Bank of Nigeria.

Affordable Credit Becomes a Sector Priority Maiha said the ministry will work with the finance ministry and the CBN to secure loans with...

The latest decline puts OANDO on course for a fifth consecutive losing session , extending a run that has taken the stock from ₦36.15 at...

For now, Dangote is signalling that the refinery plans remain on course, while the legal process will determine how the disputed site...

The proposal centres on training and deploying more National Youth Service Corps members to farms, giving young graduates direct...

Waste Is Becoming a Supply Chain Nigeria is estimated to generate about 840,000 metric tonnes of used cooking oil annually, while more...

The state government made the commitment during the 2026 World Tourism Day celebration at Arinta Waterfall in Ipole-Iloro, where it said...

Up to $25 billion could become available for India's deep-tech sector, covering areas such as artificial intelligence, semiconductors...

The requirements are expected to begin taking effect from 2027, turning the court case into a potentially significant test of how far...

Its battery-electric vehicle sales in China increased 36% in August, suggesting that parts of the transition are beginning to gain...

The Land Dispute Is Now Part of the Project The case was brought by 133 Chandavai residents who say their families have occupied and...

Zenith's move is particularly notable because the bank had closed Monday at ₦135.40 after gaining 0.37%, with the stock trading close to...

UPL and CMFC Lead the Price Movers University Press led the gainers with a 9.89% increase to ₦5, narrowly ahead of CMFC, which rose...

The official NFEM rate moved only N1.5 against the naira, but the parallel-market rate weakened by N4 from the previous weekend and the...

A sustained run in financial-sector stocks lifted the value of the Nigerian Exchange to a record N164 trillion at the end of September, capping one of the strongest equity rallies in years.

More Money Was Collected, But the Gap Remains The ₦205.53 billion collected in July represents a 7.12 per cent increase from ...

External debt stood at the equivalent of ₦75.20 trillion, while the entire debt portfolio was valued at about ...

The group paired a 16.2 percent profit increase with faster deposit growth and a lower cost-to-income ratio in its 2025 accounts.

Customer deposits expanded and the capital ratio remained strong, but the 2025 accounts showed that balance-sheet growth did not produce higher gross revenue.

The discount applies to outstanding statutory fees owed to aviation agencies and is intended to steady carriers facing a sharp rise in Jet A1 prices.

Gross premium written rose 47.3 percent in 2025, while low retention in specialist risks showed why the industry's new capital rules matter.

The Federal High Court dismissed the airline's attempt to block summons issued after passenger complaints about cancelled flights and unpaid refunds.

The secured overnight reference rate is intended to improve pricing transparency and give financial contracts a more reliable base rate.

The consumer regulator said its lending rules target opaque charges and aggressive recovery practices, not lawful telecom credit products.

The companies registry said limited parts of its systems were accessed without authorisation, prompting containment work, an investigation and stronger login controls.

The six-year programme targets one million smallholders and aims to mobilise another $220 million from agribusinesses.

The two-year exercise lifted paid-up capital across the banking system, with the regulator saying every affected lender chose a route to compliance.