6+ day, 9+ hour ago   (988+ words) Dangote Refinery raised its petrol price three times in nine days, citing the cost of crude bought weeks earlier. EBC Financial Group compares that explanation with the timing and the size of the increases and finds a mismatch. Dangote Petroleum…...

6+ day, 20+ hour ago   (644+ words) HBM Nigeria Plc has been considered a fundamental building block in the construction of value investors’ portfolios by the research subsidiary of the Lagos-headquartered investment firm WSTC Securities Limited. Equities analysts at WSTC Securities Limited are positive on HMB Nigeria…...

6+ day, 21+ hour ago   (374+ words) Money market rates eased over the last week due to excess liquidity in the banking system, reflecting a lack of significant funding pressure. The movement in short-term benchmark rates was influenced by banks’ placements in the standing deposit facility, primary…...

6+ day, 22+ hour ago   (468+ words) President Bola Tinubu has authorised the disbursement of the Cabotage Vessel Financing Fund (CVFF), with the Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, directing the Nigeria Maritime Administration and Safety Agency (NIMASA) and 12 Primary Lending Institutions (PLIs) to…...

1+ week, 4+ day ago   (226+ words) Nigerian equities opened the month on a firmer footing on the first trading session of September, staging a measured recovery after an 11-session losing streak that weighed heavily on market sentiment in August. Among the standout performers was May & Baker…...

1+ week, 5+ day ago   (257+ words) The National Pension Commission (PenCom) says discussions are ongoing with the Lagos State Government over concerns surrounding pension increases for retirees under the Contributory Pension Scheme (CPS). This is contained in a statement issued by the commission in Abuja on…...

2+ week, 6+ day ago   (624+ words) Prof. Ken Ife, an economist, has described Nigeria’s latest inflation figures as a paradox of conflicting narratives, with headline inflation slowing to 15.43 per cent in July while food price pressures accelerated. Ife said this in an interview with the News…...

2+ week, 6+ day ago   (376+ words) The money market closed with a significant credit balance, which kept interbank rates moving downward in the absence of significant funding pressures. Banking system liquidity rose by 25.35% week-on-week to N4.47 trillion from N3.57 trillion, ahead of midweek Treasury bill action. The increase…...

3+ week, 3+ day ago   (867+ words) Geregu Power Plc is understood to have paid N6.026 billion owed to bondholders following its payment default on July 28, 2026, potentially bringing an end to weeks of uncertainty surrounding the company’s N40.09 billion Series 1 Senior Unsecured Bond. The payment represents an important step…...

3+ week, 5+ day ago   (655+ words) Sukuk is emerging as an alternative funding tool for some African sovereigns, Fitch Ratings says. Sukuk can help to diversify funding sources and attract demand from GCC and African Islamic banks, sharia-compliant investment funds, and multilateral institutions. African sukuk crossed…...