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Cardoso Vows Single-Digit Inflation Target Despite Global Energy Shock

At the IMF Spring Meetings in Washington, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso reaffirmed his "orthodox" commitment to dragging inflation back to...

First HoldCo Hits ₦64.00 Record but Still Trades at 30% Discount to Book

First HoldCo Plc has solidified its position as one of the most compelling risk-reward plays in the Nigerian banking sector. During Friday’s trading session on...

CBN Launches NOFR to Align Nigeria with Global Interest Rate Standards

The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), has officially introduced the Nigerian Overnight Financing Rate (NOFR). This...

Stanbic IBTC Group Declares N4.50 Dividend as Profit Rises 69%

Stanbic IBTC Holdings Plc has posted record profit for 2025 and the lender rewarded its shareholders with a bumper dividend. For the year ended December...

FCCPC Says Did Not Ban Airtime Borrowing or Data Advance Services

The attention of the Federal Competition and Consumer Protection Commission(FCCPC) has been drawn to a series of newspaper publication and a viral anonymous post...

Oil Prices Fall 11% as Geopolitical Tension Eases

It appears there is light at the end of the tunnel for the global economy as crude oil prices slumps following the brokering of...

Dangote Refinery Now Supplies 72% of Nigeria’s Daily Petrol Needs, Hits 94% Capacity

The Nigerian downstream sector has reached a historic turning point. According to the NMDPRA’s March 2026 "State of the Downstream Sector" report, the Dangote...

Nigeria Slaps 4% ‘Green Tax’ on Large SUVs and Heavy Trucks

Nigeria has officially introduced a "Green Tax" aimed at curbing carbon emissions and accelerating the adoption of electric vehicles (EVs). Effective April 1, 2026, the...

Dangote Refinery to Offer 10% Stake in Landmark Pan-African IPO

In a significant update from Washington DC, Aliko Dangote has confirmed that the Dangote Petroleum Refinery & Petrochemicals will offer approximately 10% of its...

Dangote Refinery Becomes Europe’s Jet Fuel Lifeline Amid Iran War

The Dangote Petroleum Refinery has rapidly transitioned from a regional energy solution to a critical pillar of European aviation security. As the U.S.-Israel-Iran conflict paralyzes...

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