Nigeria Fuel Import Debate Deepens Over Dangote Refinery and World Bank Advice
A fresh debate has reopened Nigeria’s downstream oil sector as conflicting views collide over imports…
Nigeria Fuel Import Debate Deepens Over Dangote Refinery and World Bank Advice
A fresh debate has reopened Nigeria’s downstream oil sector as conflicting views collide over imports and local refining. The argument, tied to Nigeria fuel import policy debate 2026, has pulled in global finance voices and local industry heavyweights. Pressure began after the World Bank suggested Nigeria could benefit from more fuel imports to ease prices….
Nigerian Stock Market Kicks Off Week with Substantial Gains
The Nigerian stock market experienced a positive start to the trading week, as investor confidence surged, leading to an impressive N443 billion increase in market value. This upward trend was fueled by renewed buying interest across a spectrum of prominent stocks. The market capitalization saw a healthy rise of 0.34 percent, climbing from N131.165 trillion…
Oil Prices Tumble Amidst Trump’s Ceasefire Announcement with Iran
In a surprising turn of events that sent shockwaves through the global energy markets, crude oil prices experienced a dramatic plunge, falling significantly below the $100 per barrel mark. This steep decline occurred on Wednesday morning during early Asian trading sessions, immediately following President Trump’s announcement of a conditional two-week ceasefire agreement with Iran. As…
UBA’s dividend surge leads Nigeria’s banking race as payouts nearly triple in two years
Shareholders in United Bank for Africa Plc have enjoyed a remarkable run. Fresh analysis shows the bank’s dividend climb has outpaced its rivals, rising by 173 percent in just two years and almost tripling returns by 2024. This is not just another earnings cycle story. It reflects a broader shift in dividend growth in Nigerian…
FCMB Capital Markets Achieves Top Ranking on FMDQ Sponsors’ League Table for 2025
In a testament to its robust performance in the Nigerian debt capital market, FCMB Capital Markets Limited, the investment banking division of FCMB Group Plc, has secured the premier position on the FMDQ Securities Exchange Limited’s Fixed Income Primary Markets Sponsors’ League Table for the fiscal year 2025. The firm facilitated a significant ₦1.53 trillion…
Fuel Prices Drop as NNPCL and Dangote Cuts Trigger Market Shift
There is a noticeable shift at fuel stations across Abuja, and motorists are beginning to feel it. After weeks of relentless increases, pump prices are finally edging downward, offering a rare moment of relief in Nigeria’s volatile downstream sector. From my checks across several outlets in the capital, major marketers have quietly adjusted their pumps….
Guaranty Trust Holding Company Announces N12.76k Dividend and N865.75 Billion Profit for 2025
Guaranty Trust Holding Company (GTCO) has unveiled its audited financial results for the fiscal year ending December 31, 2025, reporting a profit after tax of N865.75 billion. This announcement was made to the Nigerian Exchange Group (NGX) and the London Stock Exchange (LSE). Shareholders are set to benefit from a declared dividend of N12.76k per…
Senate Approves $6 Billion Loans to Boost Nigeria’s Ports and Budget
The Senate has given President Bola Tinubu the green light to secure $6 billion in fresh loans, a move analysts say is crucial to bridging Nigeria’s widening fiscal gap. The approvals cover $5 billion from Abu Dhabi Bank to fund budget deficits and $1 billion from UK Export Finance to upgrade key port infrastructure. Senator…
Implications of the CBN’s New Diaspora Remittance Policy for the Naira-Dollar Exchange Rate- Gwadabe
Aminu Gwadabe, the president of the Association of Bureaux De Change Operators of Nigeria, has voiced strong support for the Central Bank of Nigeria’s (CBN) latest policy concerning diaspora remittances. This new directive requires International Money Transfer Operators (IMTOs) to channel all remittance transactions through specific Naira settlement accounts. Furthermore, the CBN has instructed IMTOs…
Zenith Bank Elevates Kennedy Okwudili to Executive Director
Zenith Bank Plc has officially announced the promotion of Mr. Kennedy Onuwa Okwudili to the position of Executive Director, a move that will take effect on May 1, 2026. This strategic appointment underscores the bank’s commitment to its established practice of nurturing internal talent and ensuring a robust leadership pipeline, further fortifying its executive management…
