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News Press wrote a new post 1 day ago

IATA Warns Jet Fuel Price Volatility Strains Airlines With Limited Hedging Options The global aviation industry is confronting significant financial strain as jet fuel price volatility intensifies, with the International Air Transport Association […]
News Press wrote a new post 1 day ago

IFC, NGX Group, and LCCI Launch Nigeria Gender Country Program to Boost Women’s Leadership The International Finance Corporation (IFC), Nigerian Exchange Group (NGX Group), and the Lagos Chamber of Commerce and Industry (LCCI) have jointly launched the […]
News Press wrote a new post 1 day ago

AI Data Centers Set to Triple Power Consumption by 2030, Outpacing Nigeria, Pakistan, and Bangladesh Combined Global data centers are projected to consume nearly three times the combined annual electricity of Nigeria, Pakistan, and Bangladesh by 2030, according to a United […]
News Press wrote a new post 1 day ago

Nigerian Stocks Shed N2.28 Trillion as Bearish Run Extends to Third Day The Nigerian equities market continued its downward trajectory for a third consecutive session on Wednesday, as sustained selloffs erased N2.28 trillion from […]
News Press wrote a new post 1 day, 1 hour ago

Nigeria Manufacturing Capital Inflows Plunge 50.7% to $152.3 Million in Q1 2026 Despite Overall Import Surge Nigeria’s manufacturing sector experienced a steep decline in foreign capital inflows during the first quarter of 2026, even as overall capital importation into the c […]
News Press wrote a new post 6 days ago

Nigerian Breweries Appoints Nkechi Runsewe as New Human Resources Director Nigerian Breweries Plc, the foremost brewing company in Nigeria, has announced the appointment of Nkechi Runsewe as its new Human Resources Director, effective August […]
News Press wrote a new post 6 days ago

CBN Extends PoS Geo-Fencing Enforcement Deadline to August 1, 2026 With Expanded Radius The Central Bank of Nigeria (CBN) has rescheduled the enforcement of its mandatory Point of Sale (PoS) terminal geo-fencing framework to August 1, 2026, while […]
News Press wrote a new post 6 days ago

Nigerian Exchange Ends May 2026 Up 3.35 Percent, Recording Weakest Monthly Gain of the Year The Nigerian Exchange concluded May 2026 with a positive performance, recording a 3.35% gain—the smallest monthly increase observed so far in the year. According to t […]
News Press wrote a new post 6 days ago

Nigeria Revenue Service Tax Disputes 2026: Companies and States Fighting NRS in Court Central to Nigeria’s tax ecosystem is the Federal Inland Revenue Service (now the Nigeria Revenue Service), the nation’s apex tax regulator. The agency helped the nat […]
News Press wrote a new post 6 days ago

Dangote Sugar N486 Billion Rights Issue: Key Details on the Recapitalization Offer for Shareholders Dangote Sugar Refinery Plc has launched a N485.88 billion rights issue, offering existing shareholders the opportunity to acquire additional shares. The offer, which […]
News Press wrote a new post 1 week, 4 days ago

Top 10 NGX Manufacturers Spend N2.24 Trillion on Operations in 2025, Up 3.46% Year-on-Year The top 10 manufacturing companies listed on the Nigerian Exchange (NGX) collectively spent N2.24 trillion on operating expenses in 2025, reflecting a 3.46% […]
News Press wrote a new post 1 week, 4 days ago

CBN Mops Up N3.69 Trillion in Single-Day Aggressive OMO Auction, Tightens Liquidity The Central Bank of Nigeria (CBN) executed one of its most aggressive single-session Open Market Operations (OMO) auctions on May 21, 2026, absorbing a combined N3.692 […]
News Press wrote a new post 1 week, 4 days ago

Nigeria’s Top Agribusiness Founders Under 40 Driving Agricultural Growth in 2025 Nigeria’s agricultural sector remains a cornerstone of the economy, employing over a third of the labor force and contributing significantly to non-oil GDP growth. A […]
News Press wrote a new post 1 week, 4 days ago

Tinubu Admits Nigerians Struggle With Rising Costs Despite Three Years of Economic Reforms President Bola Tinubu has acknowledged that many Nigerians continue to experience significant hardship due to rising living costs and ongoing economic adjustments, […]
News Press wrote a new post 1 week, 4 days ago

NCAA Suspends No Pay No Service Directive for 11 Indebted Airlines Over Unpaid Remittances The Nigeria Civil Aviation Authority (NCAA) has temporarily suspended enforcement of its “no pay, no service” directive against 11 domestic airlines over unpaid sta […]
News Press wrote a new post 3 weeks, 1 day ago

Nigeria’s FX Inflows Hit $112 Billion in 2025 as Autonomous Sources Dominate Market Nigeria’s foreign exchange market experienced a decisive structural shift in 2025, with autonomous sources—private capital flows operating outside the Central Bank of […]
News Press wrote a new post 3 weeks, 1 day ago

World Bank and NUC Sign $65 Million Deal to Benefit 24,000 Nigerian Students The National Universities Commission (NUC) has confirmed that at least 24,000 Nigerians will benefit from a new $65 million funding phase under the World Bank-supported […]
News Press wrote a new post 3 weeks, 1 day ago

SEC Data and AI Revolution: How Intelligent Investing Is Reshaping Nigeria’s Capital Market The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has announced that Nigeria’s capital market is embedding data, artificial i […]
News Press wrote a new post 3 weeks, 1 day ago

CEOs Behind Nigeria’s Most Profitable Manufacturing Companies in 2025: Record Profits Amid Economic Pressure Nigeria’s manufacturing sector delivered a robust earnings performance in 2025, with a select group of industry leaders driving record profitability despite p […]
News Press wrote a new post 3 weeks, 1 day ago

Nigerian All-Share Index Breaches 252,500 as First HoldCo Leads Market Activity The Nigerian equities market extended its positive trajectory on Wednesday, 13 May 2026, as the All-Share Index breached the 252,500 threshold, closing at 252,508.2 […]
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