Business

Nigeria’s FX Utilisation Hits Record $34.6bn as Dollar Liquidity Improves

Nigeria’s FX Utilisation Hits Record $34.6bn as Dollar Liquidity Improves

Nigeria’s foreign exchange utilisation surged by $13.22 billion to a record $34.59 billion in the first half of 2026, up…
Black Market Dollar to Naira Exchange Rate for Today, Monday, August 31, 2026

Black Market Dollar to Naira Exchange Rate for Today, Monday, August 31, 2026

The Dollar to Naira exchange rate in Nigeria’s black market, also known as the parallel market, remained stable on Monday,…
Dangote Raises Petrol Price 8.6% in Eight Days as Crude Costs Hit Refinery

Dangote Raises Petrol Price 8.6% in Eight Days as Crude Costs Hit Refinery

Dangote Petroleum Refinery has increased the price of petrol by 8.6 percent in eight days, lifting its gantry price to…
Nestoil Revives Eight-Year Idle Rig to Boost Oil Production at OML 42

Nestoil Revives Eight-Year Idle Rig to Boost Oil Production at OML 42

Nestoil Group has returned a drilling rig to productive operation after about eight years of inactivity, using the equipment to…
Oil & Gas Index Emerges as NGX’s Best-Performing Sector Last Week

Oil & Gas Index Emerges as NGX’s Best-Performing Sector Last Week

The NGX Oil & Gas Index emerged as the best-performing sector on the Nigerian Exchange (NGX) during the week ended…
Brent Crude Rises Above $90 as Renewed US-Iran Fighting Threatens Oil Supply

Brent Crude Rises Above $90 as Renewed US-Iran Fighting Threatens Oil Supply

Brent crude climbed above $90 per barrel on Monday as renewed military confrontation between the United States and Iran raised…
Bond Market Turnover Drops Nearly 88% as Investors Focus on Equities

Bond Market Turnover Drops Nearly 88% as Investors Focus on Equities

Trading activity in Nigeria’s bond market slowed sharply during the week ended August 28, 2026, as investors shifted attention toward…
Financial Services Account for Nearly 79% of NGX Trading Volume in Holiday-Shortened Week

Financial Services Account for Nearly 79% of NGX Trading Volume in Holiday-Shortened Week

The Financial Services Industry tightened its grip on trading activity on the Nigerian Exchange (NGX) last week, accounting for nearly…
Banking Stocks Lead NGX Weekly Rally as Investors Increase Exposure to Lenders

Banking Stocks Lead NGX Weekly Rally as Investors Increase Exposure to Lenders

is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst with over 20…
International Energy Insurance Slumps 26.6% to Lead Weekly Losers

International Energy Insurance Slumps 26.6% to Lead Weekly Losers

International Energy Insurance Plc recorded the steepest decline on the Nigerian Exchange (NGX) in the week ended August 28, 2026 with…
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