Nigerian market news and social signals.
Market Snack archive11658 stories
Nigeria recorded total foreign exchange inflows of $109.86 billion in 2025, representing a 13.81% increase from the previous year, driven largely by autonomous sources of growth.
Court voids Reps’ N72.6bn compensation directive against Seplat, says judicial powers usurpedhttps://t.co/fnQtPNv3Qk https://t.co/RzXu8vzUvm
The Nigerian Naira maintained relative stability against the United States dollar across both the official Foreign Exchange Market and the parallel market, providing a steady baseline for currency valuation and corporate planning.
Seplat Energy Joint Venture, alongside its partner, has launched a free medical outreach program in Benin City, Edo State, providing surgeries and eye care services to thousands of residents as part of its ongoing corporate social investment commitments.
The National Cashew Association of Nigeria has announced plans to scale up the country's annual cashew production to one million metric tonnes over the next decade. The initiative aims to boost agricultural output and productivity across the value chain, as disclosed during the inauguration of new association executives.
The Nigerian Publishers Association stated that the reduction of textbook assessment and ranking fees by the Nigerian Educational Research and Development Council fails to resolve fundamental concerns regarding the book ranking policy.
A Federal High Court in Lagos has nullified a House of Representatives directive ordering Seplat Energy Producing Nigeria Unlimited to pay a substantial compensation sum over alleged oil spill incidents. The court ruled that the National Assembly exceeded its constitutional authority by attempting to exercise judicial powers.
Integrated financial services group AVA Capital Plc prepares for its official listing on the Nigerian Exchange Limited through a Listing by Introduction. The strategic transition aims to enhance market visibility and expand the company's presence within the domestic capital market.
The Lagos Chamber of Commerce and Industry warns that Nigeria risks losing its position as a leading technology hub if policy reforms and digital infrastructure development are not accelerated. The chamber emphasizes the need for a predictable regulatory environment to attract and sustain investment.
Nigeria lost approximately 62,400 gigawatt-hours of potential electricity generation from flared gas between 2024 and 2025, marking an increase of 18.6 percent compared to the preceding period due to a weak power market and inadequate gas monetisation incentives.
The National Assembly has commended the Securities and Exchange Commission for improving its fiscal sustainability through enhanced revenue generation and prudent cost management during a recent revenue monitoring exercise in Abuja.
Nigeria LNG Limited has crossed a major operational milestone by exporting 6,000 liquefied natural gas cargoes and generating over 150 billion US dollars in cumulative revenue. This performance underscores the critical role of the energy sector in bolstering the national economy and foreign exchange earnings.
Lawmakers are taking legislative action to address dollar billing for local petrol sales and investigate fuel import licence irregularities. The move aims to stabilize the downstream petroleum sector and could influence operating conditions for energy and downstream players listed on the exchange.
Global credit rating agency S&P Global has agreed to acquire a majority stake in Nigerian credit rating agency Agusto & Company Limited. The transaction is designed to strengthen credit transparency and support the development of domestic debt markets across Africa.
S&P Global has acquired a majority stake in Nigerian credit rating agency Agusto and Co, a move designed to strengthen its operational presence within the African debt markets. The development highlights increasing international interest and investment in the country's financial rating and advisory landscape.
Growing concerns over security officials at Nigerian airports have sparked passenger outrage and calls for urgent operational reforms. The situation highlights ongoing service quality challenges within the aviation sector, affecting stakeholder confidence and regulatory oversight across key operational touchpoints.
Petrol depot prices declined across major supply centres in Lagos, Warri, Calabar, and Port Harcourt as marketers implemented price cuts of up to N23 per litre. The adjustment reflects heightened competition within the downstream petroleum market, affecting key supply hubs.
The Nigerian currency strengthened in the parallel market, moving to 1,400 per dollar compared to the previous rate. Currency fluctuations remain a key factor influencing operating costs and profitability for listed companies across multiple sectors on the Nigerian Exchange.
At N5.78trn, First Holdco Becomes Most Capitalised Banking Stock on NGX. Kayode Tokede The market capitalisation of First Holdco Plc closed for trading at N5.78 trillion yesterday to emerge as the most capitalised listed banking stock on the floor of the https://t.co/McNJCHYHk6 https://t.co/1ThAz1uCzj
The Cross River State Executive Council has approved the construction of an administrative and laboratory complex for the National Root Crops Research Institute outstation in Obubra to enhance agricultural innovation and food security.
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