Author: Folasade Olugbade

Crude oil prices declined on Friday after US President Donald Trump said the Strait …

Mrs Alison-Madueke, who served as petroleum minister under former President Goodluck Jonathan’s government

Vice President Kashim Shettima has said Nigeria’s ambition to build $1 trillion economy is driven by enterprise, investment, and coordinated reforms across all levels of government.

Iranian military on Monday announced that the country will cease attacking Israel after having given a “painful response” to Israeli attacks on Lebanon.

Oando Plc’s market value tanked amid deteriorating investor sentiment, as the energy company failed to release its audited annual financial results on the Nigerian Exchange.

Naira Gains 4.42% in 4 Months as FX Reforms Hold The naira gains 4.42% in four months as FX reforms hold despite oil price volatility and declining external reserves. Nigeria’s gross external reserves had hit a 2009 high of $50.02 billion, but retreated due to significant outflows related to foreign investors’ exits and debt service costs. In April, the Nigerian foreign exchange market sustained its positive momentum, with the naira appreciating by 0.86% month-on-month at the official window to close at ₦1,374.94/$1, compared to ₦1,386.72/$1 at the end of March, Cowry Asset said in its latest report. Analysts said the…

MTN Nigeria Plc slumped by about 9% on the Nigerian Exchange amid a surge in transaction volume driven by sell-side actors. The share price declined, dragging MTN Nigeria’s market value back from the 52-week high reached after its Q1 2026 earnings.

The Nigerian Exchange (NGX) All-Share Index (ASI) declined by 58 basis points, or 0.58%, on Tuesday amid sell pressure across key sectors. Investors took profits in stocks that recently recorded significant uptrends.

In its weekly stock recommendation, equity analysts at Cowry Asset Limited confidently project a 36% upside for Fidelity Bank’s share price on the Nigerian Exchange.

Recapitalisation: No Licenced Insurer Will Be Left to Fail – NAICOM The National Insurance Commission (NAICOM) has reiterated its resolve to ensure that no licensed insurance company in Nigeria collapses, as part of ongoing efforts to strengthen the industry and safeguard policyholders. The Commissioner for Insurance and the Chief Executive Officer of NAICOM, Mr Olusegun Omosehin disclosed this at the 2026 Awards and Recognition Ceremony of the Nigerian Insurers Association (NIA) held in Lagos on Thursday. Omosehin said this as insurance companies are going through a recapitalisation process with the deadline set for July 31, 2026. Omosehin was represented by…