Nigeria economy
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Economy
Standard Bank Backs Dangote Refinery IPO, Africa Expansion
Standard Bank Group has pledged support for the planned listing of the Dangote Petroleum Refinery and future expansion projects across…
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Economy
Honeywell Flour Mills Posts N21.9bn Profit, Declares Dividend
Honeywell Flour Mills Plc has reported a profit before tax of N21.896 billion for the financial year ended March 31,…
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Economy
NNPC Ltd. Reports N481bn After-Tax Profit in April 2026
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has recorded N481 billion Profit After Tax (PAT) for April…
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Economy
Nigeria’s Total Expenditure Drops 41.57% Below Budget Target in Q3 2025
Nigeria’s total government expenditure in the third quarter of 2025 stood at N8.03 trillion, falling 41.57 percent short of its…
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Economy
Federal Government Borrowed N11.89tn but Spent Only N3.10tn on Capital Projects in Nine Months
The Federal Government borrowed a total of N11.89 trillion in the first nine months of 2025 but allocated only N3.10…
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Economy
Nigeria’s Money Supply Reaches N124.99tn Amid Growing Liquidity Pressures
Nigeria’s broad money supply climbed to N124.99 trillion in April 2026, up from N123.12 trillion recorded in February, reflecting continued…
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Economy
Nigeria’s External Reserves Gain $551m in May as FX Outlook Strengthens
Nigeria’s foreign exchange reserves have rebounded strongly in May 2026, rising by approximately $551 million after sustained pressure throughout April,…
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Economy
Stanbic IBTC Outperforms Wema Bank in Q1 2026
Stanbic IBTC Holdings and Wema Bank both delivered strong first-quarter 2026 results, but Stanbic maintained the upper hand through diversified…
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Economy
Dangote Refinery’s Mega IPO Puts NGX Listing Plans on Ice for Many Firms
Several Nigerian companies are reportedly stalling or reconsidering their plans to list on the Nigerian Exchange (NGX), as the anticipated…
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Economy
Wema Bank Gets ‘A’ Rating Upgrade from Agusto & Co.
Agusto & Co. has upgraded Wema Bank’s long-term credit rating from A- to A, marking a significant milestone for the…
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