Topic
Nigeria
Nigeria Foreign Loans: Tinubu Asks the Senate for $20.52 Billion and €1.05 Billion, With No Project List Attached
Nigeria foreign loans request: Tinubu wants Senate approval for $20.52bn and €1.05bn for 2026–2027. What the letter says, what it leaves out, and what's next.
International Breweries 9M 2026: Pre-Tax Profit Rises 22% to N90.44bn as Revenue Stalls
International Breweries 9M 2026 pre-tax profit rose 22% to N90.44bn on cheaper inputs, but revenue grew 2%, tax doubled and after-tax profit slipped 5.7%.
Nigeria Domestic Crude Supply: Local Refineries Got 127 Million Barrels in Nine Months, NUPRC Says
Nigeria domestic crude supply topped 127m barrels in January–September 2026, NUPRC said, as output hit 1.717m bpd and a crude swap plan went to consultation.
FMDQ Turnover Hits N551.23 Trillion in Nine Months as FX and OMO Bills Take 64%
FMDQ turnover reached N551.23 trillion from January to September 2026, with FX and CBN OMO bills making up 64% and three banks handling 42.7% of the total.
NGX Group Profit Jumps 83% to N20.58bn in 9M 2026 as Transaction Fees Double
NGX Group profit before tax rose 83.29% to N20.58bn in the nine months to September 2026, driven by transaction fees that more than doubled to N20.68bn.
JPMorgan Merchant Bank Nigeria: CBN Gives In-Principle Approval as N50bn Deposit and Seven-Member Board Are Cleared
JPMorgan merchant bank Nigeria plan clears its first CBN hurdle: approval in principle, a reported N50bn deposit and Dapo Olagunju named managing director.
First HoldCo Profit Jumps 65% to N744bn in Nine Months as Shares Hit the 10% Daily Limit
First HoldCo profit after tax rose 65% to N744.45bn in nine months to September, sending shares up the 10% daily limit to N144.10 on the NGX on Friday.
Brent Crude Tops $116, a Six-Month High: What It Means for Nigeria, Angola, Kenya and Africa's Oil Importers
Brent crude topped $116 a barrel on 23 October after Houthi attacks on Saudi Arabia. What the six-month high means for African exporters, importers and FX.
NGX All-Share Index Ends Week at 247,222 as Dangote Cement and First HoldCo Hit 10% Limit
The NGX All-Share Index rose 0.92% to 247,222.27 on Friday, adding N1.47 trillion as Dangote Cement and First HoldCo hit the 10% daily limit.
Bank of Industry Lending Target: BOI Wants N1.85 Trillion a Year by 2027, Three Times What It Lent in 2025
Bank of Industry lending is set to rise to N1.85 trillion a year by 2027, from N625 billion in 2025, MD Olasupo Olusi says. The targets, the funding and the risks.
Naira Exchange Rate Falls to N1,365/$: Sharpest Daily Drop in 18 Months as FX Demand Stays High
The naira exchange rate fell N28 to N1,365/$ on 22 October, its sharpest daily drop since April 2025. What CBN data shows and what to watch next.
FGN Bond Auction: DMO Sells N1.21 Trillion as Investors Pile Into the 2036 Paper at 17.29%
The October FGN bond auction drew N1.75 trillion in bids and the DMO sold N1.21 trillion. The September 2036 bond took N781 billion at a 17.29% marginal rate.