Author: Ogochukwu Ndubuisi

Equity investors gained about N516 billion as the Nigerian Exchange (NGX) All-share index rose by 40 basis points or 0.40%, recovering from the previous day’s sell-offs.

Trump Allows Russian Oil Tanker to Dock in Cuba The U.S. has allowed a Russian oil tanker into Cuba in spite of an existing fuel blockade, President Donald Trump confirmed. “If a country wants to send some oil into Cuba right now, I have no problem, whether it’s Russia … and if other countries want to do it,” Trump told reporters aboard Air Force One as he returned to Washington from a weekend at his Mar-a-Lago home in Florida, the Washington Post reported. “One boatload of oil, that’s all it is,” Trump added. Russia, a long-time ally of Cuba, welcomed…

Russia Expels British Diplomat Over “Intelligence Activities” Russia has revoked the accreditation of a British diplomat over “intelligence and subversive activities,” the Federal Security Service (FSB) said on Monday. The diplomat, identified as second secretary of the British Embassy, Janse Van Rensburg, has been ordered to leave the country within two weeks, according to an FSB statement. The security service said it had documented the diplomat’s attempts to obtain sensitive information during informal meetings with Russian economic experts. It also said that the British diplomat provided false information when entering Russia and was involved in activities posing a threat to…

The Central Bank of Nigeria (CBN) hiked the interest rate on OMO bills at the last auction for the first quarter of 2026, with a total allotment of N1.75 trillion.

Pi Network gained 3.04% to $0.181 in 24h, outperforming a broadly flat crypto market, primarily driven by modest capital rotation into altcoins.

Abia Won’t Get Paid for Fixing Federal Roads – Otti Gov. Alex Otti has put to rest speculations about Abia seeking reimbursement for federal road projects executed by the state, saying that the Federal Government has no plan to pay back. Speaking at his monthly media interactive session with newsmen, on Friday night, Otti said the new Federal Government’s policy was that states could toll such roads, “if they want their money back”. He sympathised with those peddling the rumour about reimbursement, saying they were speaking out of ignorance. He reiterated his administration’s commitment to fixing all Abia roads, federal…

Market Wrap: NGX Shrinks on Pre-Earnings Stock Selloffs The Nigerian Exchange (NGX) market capitalisation shrank by about N157 billion week-on-week to N128.97 trillion as investors adjusted their positions ahead of the first-quarter 2026 earnings release. The local bourse closed the week on a mildly negative note, as cautious sentiment weighed on trading. Stockbrokers notice profit-taking and portfolio rebalancing ahead of the first quarter earnings season. Simply put, many investors chose to secure earlier gains rather than take fresh positions, Cowry Asset Management Limited said in a commentary note. Trading data revealed that the benchmark index declined marginally by 0.12% week-on-week…

NGX Slips over Selloffs in MTN Nigeria, FirstHoldco The Nigerian Exchange (NGX) All-share index (ASI) slipped slightly as MTN Nigeria, First Holdco, and other mid- and large-cap stocks retreated after a string of gains. The Nigerian equity market closed the week in negative territory, as key market performance indicators both recorded a marginal decline of 0.02%. Stockbrokers at Atlass Portfolio Limited said in its investor’s note that the market retreat was triggered primarily by profit-taking activities in some recently appreciated medium-cap and blue-chip stocks. Stockbrokers acknowledge that prices of MTNN, ZENITHBANK, FIRSTHOLDCO, among others, have depreciated due to selling pressures.…

Petrol Price Stands at N1,051.47 Per Litre in February – NBS The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol witnessed a slight increase from N1,034.76 in January to N1,051.47 in February. The NBS said this in its Premium Motor Spirit (Petrol) Price Watch for February released in Abuja on Friday. It said that the February price of N1,051.47 represented a 1.62 per cent increase over the price of N1,034.76 recorded in January. It, however,said that the average retail price of petrol decreased on a year-on-year basis from N1,245.80 recorded in February 2025…

Total Capital Importation Rises to $6,443.48m in Q4 2025  The National Bureau of Statistics (NBS) says total capital importation in Nigeria stood at 6,443.48 million dollars in quarter four(Q4) 2025. The NBS said in its  Nigeria Capital Importation Q4 2025 report released in Abuja on Friday. The report said the Q4  figure was higher than the 5,089.16 million dollars recorded in Q4 2024, indicating an increase of 26.61 per cent on a year-on-year basis. “When compared to the preceding quarter, capital importation also increased by 7.13 per cent from 6,014.77 million dollars in Q3 2025.” It said the largest capital…