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SEC Says Data, AI Technology Will Shape Investment Decisions

May 14, 2026
The Securities and Exchange Commission, SEC, has stated that data, artificial intelligence, and digital technology will increasingly shape investment decisions in Nigeria’s financial markets. The commission said emerging technologies would improve market access, expand financial inclusion, and support smarter investment practices across different income groups. Director-General of the SEC, Emomotimi Agama, made the remarks while...
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Nigeria Oil Output Rises Slightly Below OPEC Quota

May 14, 2026
Nigeria’s oil output increased marginally in April 2026 but remained below the production quota allocated by the Organization of the Petroleum Exporting Countries, OPEC. Latest figures released by OPEC showed that Nigeria produced 1.489 million barrels per day, bpd, in April, compared to 1.383 million bpd recorded in March. Despite the improvement, the country still...
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NESG raises fresh concern over Nigeria debt burden outlook

May 12, 2026
The Nigerian Economic Summit Group, NESG, has raised fresh concerns over the Nigeria debt burden, warning that the country’s fiscal position remains under pressure despite signs of short-term stabilisation. In its latest Debt Burden Monitor for May 2026, the economic think tank stated that Nigeria debt burden continues to reflect elevated fiscal strain driven by...
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Nigerian manufacturers face rising manufacturing debt burden of N1.96trn in 2025

May 11, 2026
Nigeria’s top manufacturing companies recorded a combined manufacturing debt burden of N1.96 trillion in 2025, according to analysis of audited financial statements of leading Fast-Moving Consumer Goods, FMCG, firms. The data highlights increasing financial pressure on manufacturers operating in a challenging macroeconomic environment marked by inflation, foreign exchange volatility, and rising borrowing costs. The manufacturing...
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Nigeria oil firms sustain crude output export despite refinery demand

May 11, 2026
Nigeria’s oil producing companies continued crude output export operations despite rising domestic refining demand from local refineries, including the Dangote Refinery and rehabilitated state-owned plants. Industry data showed that about 80 per cent of Nigeria’s crude production was exported in recent months even as policymakers push for increased local supply to strengthen domestic refining capacity....
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Investors boost banking industrial stocks as market rally extends

May 11, 2026
Investor interest in banking industrial stocks continued to strengthen on the Nigerian Exchange Limited, NGX, as market rally extended into another trading session driven by sustained buying pressure across key sectors. Trading activities on the exchange reflected growing confidence in equities linked to banking, industrial goods, and oil-related companies amid expectations of stronger corporate earnings...
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Access Holdings dividend clarification follows strong 2025 earnings performance

May 7, 2026
The Access Holdings dividend decision has been clarified by the financial group following investor concerns over the absence of payouts despite strong 2025 earnings performance. The company explained that the dividend suspension was not linked to weak financial results but to pending regulatory approvals required for distribution. The clarification was made during its 2025 full-year...
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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

July 28, 2026
Former Edo State Governor and Senator Adams Oshiomhole has criticised the 2027 presidential ambition of Nigeria Democratic Congress (NDC) candidate Peter Obi, describing his promise to transform Nigeria within a single four-year term as unrealistic and driven by desperation. Speaking on Obi’s campaign promises, Oshiomhole questioned the former Anambra governor’s political consistency, arguing that his...

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

July 26, 2026
The Socio-Economic Rights and Accountability Project (SERAP) has instituted legal proceedings against the Nigerian National Petroleum Company Limited (NNPCL) over what it describes as the company’s failure to properly explain ₦211 trillion recorded in its 2023 audited financial statements. The lawsuit, filed before the Federal High Court in Abuja, challenges financial entries listed as “Sundry...

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