Author: Marketforces Africa

Cooking Gas Price Declines in December – NBS Report The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas decreased from N5,425.78 recorded in November 2025 to N5,360.43 in December 2025. The NBS said this in its Cooking Gas Price Watch for Decèmber released on Monday in Abuja. The report said that the December price represented a 1.20 per cent decrease, compared to what was obtained in November. It said that the average price of 5kg of cooking gas decreased on a year-on-year basis by 25.31 per cent from N7,177.27 in December 2024. On state…

The benchmark interest rate for short-term, unsecured lending between banks, Nigerian Interbank …

Dangote Industries Limited, Dangote Petroleum Refinery, Dangote Fertiliser Plant, and Dangote Cement Plc have scaled up their Gas Sales

The non-operating company of First Bank of Nigeria Limited, FirstHoldco Plc, lost 10% of its market value due to negative trade…

Bitcoin Crashes by 5.5%, Global Market Cap Sinks to $2.66Trn Bitcoin (BTCUSD) crashed by 5.5% in the past 24 hours to the $78.6k range as a result of significant positions liquidation triggered by extreme fear and geopolitical uncertainty. Price plunged below $84k – $94 range reported in November. The crypto market has been largely volatile with significant high-volume selloffs across top cryptocurrencies. Reflecting negative sentiment, Bitcoin, Ethereum, BNB, XRP, Solana, Tron, and Dogecoin, among others, are down, with extended weekly losses. The World’s largest digital asset closed below its 365-day moving average of $80K for the first time since April…

Electoral Act Passage: ADC Accuses Senate of Delay Tactics African Democratic Congress (ADC) has accused the Senate of deliberately delaying passage of the Electoral Bill 2025 to undermine reforms ahead of the 2027 general elections. The party , in a statement by its National Publicity Secretary, Mallam Bolaji Abdullahi, on Saturday in Abuja, warned that delayed amendments to the Electoral Act 2022 posed serious compliance and eligibility risks if not passed on time. It said mandatory electronic voter accreditation and result transmission were minimum safeguards for credible polls in 2027 and must not be sabotaged by legislative delays. According to…

Ripple (XRPUSD) has dropped sharply, recording a 12% weekly price decline due to persistent profit-taking in the cryptocurrency market.

Federal Government Reaffirms Drive for Gas-led Economic Growth The Federal Government of Nigeria has reaffirmed its commitment to positioning natural gas as a cornerstone of Nigeria’s economic growth, energy security, and social development. Dr Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas) made this known on Friday in Abuja. The minister spoke when the Nigerian National Petroleum Company Limited (NNPC Ltd.) officially unveiled its Gas Master Plan (GMP) 2026 and initiatives. A major highlight of the plan is its emphasis on domestic gas utilisation, particularly through the Liquefied Petroleum Gas (LPG) Cylinder Supply Expansion Initiative, which aims to scale…

CBN Allots N2.1 Trillion OMO Bills to Banks, FPIs at 17.25% The Central Bank of Nigeria (CBN) sold N2.1 trillion worth of OMO bills at the main auction floated on Friday to reduce excess liquidity in the financial system. The authority floated another OMO bill for sales amidst excess liquidity and some money market repayments, targeting banks and foreign portfolio investors (FPIs). The rates on short-term investment securities remain attractive, with eligible market participants setting higher bids against standard offers. In its investors update, CardinalStone Securities Limited revealed that at the OMO auction today, the CBN sold a total of…

Gov. Babajide Sanwo-Olu of Lagos State has appealed to individuals and corporate organisations to support the state’s security architecture