GCR upgrades Dangote Industries to AAA(NG)/A1+(NG), citing stronger cash flows, lower debt and improved leverage following the refinery ramp-up.
GCR upgrades Dangote Industries to AAA as refinery strengthens finances Read Post »
Nigeria’s public debt rose to ₦166.79tn by June 2026, with domestic debt accounting for 54.91% of the total, according to the DMO.
Nigeria’s public debt rises to ₦166.79tn as domestic debt grows Read Post »
CBN OMO subscriptions rise to ₦20.6tn in September as wider investor access boosts demand for the central bank’s short-term securities.
CBN OMO subscriptions rise to ₦20.6tn as investor demand grows Read Post »
Saudi Arabia has shut its East-West oil pipeline after a drone attack, raising fresh concerns about global crude supplies and energy prices.
Saudi Oil Pipeline Shutdown Raises Global Supply Risk Read Post »
Nigeria’s NGX fell 1.6% in the week ended September 11 as banking and industrial stocks came under pressure amid renewed selling.
NGX Falls 1.6% as Banking, Industrial Stocks Drive Weekly Decline. Read Post »
MTN Nigeria has crossed 100 million active subscribers as the country’s mobile market expands to 195.1 million connections, according to NCC data.
MTN Nigeria Crosses 100 Million Subscribers as Mobile Market Expands Read Post »
Dangote Refinery has raised its petrol gantry price from ₦1,265 to ₦1,350 per litre, adding fresh pressure to Nigeria’s fuel and transport costs.
Dangote Refinery Raises Petrol Price to ₦1,350 Per Litre Read Post »
Nigeria has set a 30–90-day implementation framework for its industrial policy as manufacturers face high borrowing, energy and infrastructure costs.
The IEA expects global oil supply to fall by 5.7m bpd in 2026 as Middle East disruptions continue to affect production and exports.
IEA Warns of 5.7m bpd Oil Supply Drop as Middle East Disruptions Deepen Read Post »
Brent crude has climbed above $100 a barrel as Middle East conflict threatens global oil supplies, creating opportunities and risks for Nigeria.
Brent Crude Tops $100 as Middle East Conflict Deepens Supply Fears Read Post »
Dangote’s planned $15–16bn Kenya refinery faces a key challenge: securing reliable crude supply for the proposed 700,000-barrel-per-day plant.
Dangote’s $16bn Kenya Refinery Faces Crude Supply Challenge Read Post »
Uber has ended its 12-year operation in Nigeria, citing changing business priorities and investment focus across Africa.
Uber exits Nigeria after 12 years as ride-hailing market faces pressure Read Post »
Brent crude rose above $90 after renewed US-Iran tensions, creating potential gains and risks for Nigeria’s oil revenue, fuel costs and inflation.
Oil Climbs Above $90 as Middle East Tensions Raise Pressure on Nigeria Read Post »
The CBN raised ₦4.72tn through OMO auctions after investors submitted ₦8.62tn in bids for short-term naira securities at yields near 20%.
CBN Raises ₦4.72tn as Investors Bid ₦8.62tn for OMO Bills Read Post »
The Nigerian Exchange rebounded on Friday after a prolonged sell-off, with market capitalisation rising by ₦1.38 trillion in a single trading session.
NGX rebounds after 11-session slide, adds ₦1.38tn in a day Read Post »
