Pays N967bn to Government By Obas Esiedesa, Abuja The Nigerian National Petroleum Company Limited (NNPC Ltd) said that its monthly revenue declined by 14.17 per cent in November 2025 to N4.358 trillion, down from N5.078 trillion recorded in October. In its monthly report released on Wednesday, NNPC Ltd revealed that despite the drop in revenue, profit […]

By Udeme Akpan, Energy Editor Nigeria’s oil output fell by  5.9 percent  year-on-year (YoY) to 1.599 million barrels per day (bpd), including condensate, in November 2025 from 1.698 million bpd in the corresponding period of 2024. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed this in its December 2025 Crude Oil and Condensate Production report. Also, […]

•Market capitalisation nearly N100trn in value •Foreign portfolio transactions up 178.8%  YoY in 11months  By Peter Egwuatu, Assistant Business Editor After years of volatility driven by macroeconomic instability, foreign exchange distortions and policy ambiguity, the Nigerian capital market staged a powerful comeback that was anchored on reforms translating to wealth, confidence rebuilding, and renewed domestic and foreign […]

Guaranty Trust Holding Company Plc (GTCO) has obtained the approvals of both the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to undertake a private placement of its ordinary shares, subject to the fulfilment of the applicable conditions precedent and regulatory requirements.

In its monthly report released on Wednesday, NNPC Ltd revealed that despite the drop in revenue, profit after tax rose by 12.3 per cent to N502 billion in November, compared with N447 billion recorded in the preceding month.

The acquisition represents a further milestone in Heirs Energies’ long-term strategy to strengthen indigenous participation in strategic assets and accelerate sustainable energy development and security for Nigeria and Africa.

The Central Bank of Nigeria, CBN, has projected a stronger macroeconomic outlook for the country in 2026, forecasting a 4.49 per cent growth in Gross Domestic Product, GDP, a moderation in inflation to about 12.4 per cent, and a rise in external reserves to $51.04 billion, amid sustained reforms, improved oil sector performance and easing monetary conditions.

By Victor Ahiuma-Young The Shipping Branch of the Maritime Workers’ Union of Nigeria, MWUN, has decried the growing upsurge in the casualisation of workers by shipping companies and terminal operators in Nigeria. The President of the branch, Olufemi Abass, in a statement issued through MWUN’s Head of Media, John Ikemefuna, lamented that such unfair labour employers […]

By Elizabeth Adegbesan  The value of transactions  through Automated Teller Machines rose by 197.86 percent year-on-year (YoY)  to N36.34 trillion in the first half of 2025 (H1’25) from N12.2 trillion in the corresponding period of 2024 (H1’24). Vanguard analysis of data from the Central Bank of Nigeria,  CBN, Quarterly Statistical Bulletin for H1’25 showed that the […]

•Reverses $0.27bn deficit in Q2’25 •Financial account turns positive at $0.32bn •Goods trade supports economy with $4.94bn surplus By Babajide Komolafe Nigeria’s financial transactions with the rest of the world improved markedly in the third quarter of 2025 (Q3’25), as the country recorded a Balance of Payments (BOP) surplus of $4.60 billion, reversing the deficit of $0.27 […]

By Adeola Badru An Ibadan-based industrialist and First Deputy President of the Ibadan Chamber of Commerce, Industry, Mines and Agriculture (IBCCIMA), Chief Emmanuel Folorunso Ogunnaike, MFR, has commended the President of Dangote Group, Alhaji Aliko Dangote, for his intervention in Nigeria’s petroleum sector, which has led to reduced petrol pump prices and improved fuel availability nationwide. […]

Trading activities reflected cautious optimism as investors continued to realign portfolios ahead of the year-end, while selectively accumulating stocks with solid fundamentals and improving price momentum.

Nigeria’s banking system remains fundamentally stable, sound and resilient, a cornerstone of financial stability.

As MRS begins N739/litre sales By Obas Esiedesa, Abuja Following the reduction in the pump price of petrol by the Dangote Refinery, motorists in the Federal Capital Territory (FCT) have urged the company to increase the number of its partner retail outlets to make the product more readily available in the nation’s capital. Dangote Refinery last […]

By Juliet Umeh Nigeria has emerged as a continental leader in Africa’s fast-growing digital payments ecosystem, as instant payment systems across the continent processed transactions worth nearly $2 trillion in 2024, according to a new report.   The State of Inclusive Instant Payment Systems, SIIPS, 2025 Report, released by the AfricaNenda Foundation in partnership with the World […]