FG Sets 2026 Budget Exchange Rate at N1,512/$1
The Federal Government has announced a N1,512 to $1 exchange rate for the 2026 budget. Discover the key projections for oil, revenue, and spending in the new fiscal framework.
Category : Search result: 2026 market outlook
Fire guts Abuja wood market, destroys property worth millions
A devastating fire swept through Abuja's Jabi wood market, destroying shops and goods worth millions of naira. Firefighters contained the blaze with no casualties reported. Traders appeal for government aid.
Major Fire Guts Jabi Wood Market in Abuja
A devastating fire destroyed the popular Jabi Wood Market in Abuja early Wednesday. Traders lost millions in property. No casualties reported. Read more on the response and calls for aid.
Nigeria Stock Market Gains N1.29trn, ASI Rises 1.20%
The Nigerian Exchange closed positive on Tuesday, December 2, 2025, with investors gaining over N1.29 trillion. The All-Share Index rose by 1.20%. Read the full market analysis.
FIFA Plans Two Big VAR Adjustments for 2026 World Cup
FIFA is set to introduce two drastic VAR adjustments, allowing reviews for corner kicks and second yellow cards, to be tested at the 2026 World Cup. Read the full details here.
OECD Raises 2025 Growth Forecasts for US, Eurozone
The OECD says the world economy has been 'surprisingly resilient,' raising its 2025 growth estimates for the US and eurozone. Discover the key drivers and potential risks, including AI valuation concerns.
Naira Weakens Against Dollar in Official, Black Markets
The Nigerian naira depreciated against the US dollar on Monday, December 1, dropping to N1,448.44/$1. Despite rising foreign reserves, currency pressure persists. Full details inside.
SEC Nigeria's Reforms Fuel Historic Market Growth
The Securities and Exchange Commission (SEC) Nigeria is transforming the capital market with new laws, investor protection, and tech. Market cap hit N91.3 trillion in November 2025. Discover the blueprint for economic prosperity.
Cleric's 2026 Prophecy Warns Nigeria is 'Pot on Fire'
Prophet Joel Ogebe releases 2026 prophecies for Nigeria and the world, describing a vision of a boiling pot and warning of judgment. Read the full details and analysis.
OPEC Keeps Nigeria's Oil Output at 1.5m bpd to 2026
OPEC confirms Nigeria's oil production quota remains at 1.5 million barrels per day until December 2026 to ensure global market stability. Read the full details.
Nigeria Capital Market Shifts to T+2 Settlement Cycle
Nigeria's capital market transitions to T+2 settlement cycle, signaling global readiness and enhancing investor confidence. Learn how this reform positions Nigeria for international competitiveness.
Makinde opens 4th ultramodern market in Oyo
Governor Seyi Makinde commissions Omituntun Ultramodern Market in Omi Adio, featuring 406 shops and 56 stalls. The project aims to transform trading in Oyo State.
Nigerian Stock Market Loses N2.1 Trillion
Investors on the Nigerian Exchange lost a staggering N2.1 trillion in one week as the market closed low. Discover the top gainers, decliners, and key market trends.
Equities Market Dips N292bn Amid Bearish Trading
Nigerian equities extended losses as market capitalization fell by N292 billion. 38 stocks declined while only 14 gained. Read full analysis of market performance.
Unizik to Represent Nigeria at 2026 World Varsity Games
Nnamdi Azikiwe University (Unizik) will represent Nigeria at the 2026 World University Games in Egypt after its female football and volleyball teams qualified at the NUGA Games in Jos.
Edo Market Women Protest Planned Eviction
Edo State market women protest eviction notice for Oba Market renovation. They demand proper relocation plans from the government. Read their full story.
2026 World Cup: 42 Countries Qualified, Nigeria Absent
Complete list of 42 countries qualified for 2026 FIFA World Cup. Nigeria's Super Eagles miss tournament again. Six slots remain for 48-team competition in US, Mexico, Canada.
NGX Bearish Run Continues, Investors Lose N110bn
Nigerian stock market extends bearish trend with 0.12% decline as investors lose N110.20 billion. ASI drops to 144,986.51 points amid profit-taking in banking stocks.
AIHN Honors Resilient Nigerian Companies Amid Challenges
Association of Issuing Houses of Nigeria recognizes companies thriving despite economic headwinds. See award winners and market outlook for 2025.
Stock Market Dips 1.7% on Tax Jitters
The Nigerian stock market fell sharply last week, losing N1.5 trillion as panic selling over a proposed capital gains tax caused a major sell-off. Discover the key winners and losers and what's next for investors.
N120m Lost in Kano Market Fire, 44 Shops Destroyed
Massive fire destroys Singa Market in Kano, gutting 44 shops and goods worth millions. Trader Alhaji Salisu Abdullahi loses N120 million. Read full details on the devastating incident.
NGX Gains N1 Trillion as Investor Confidence Soars
The Nigerian stock market closed with a massive N1 trillion gain, driven by strong performances from key blue-chip stocks. Discover the top gainers and market trends.
Naira Gains as Pound Sterling Falls Below N2,000 Mark
Nigerian naira strengthens significantly against British pound, dropping below N2,000 in both official and parallel markets. CBN reforms drive currency stability as forex reserves hit $43.34 billion.
N4.64 Trillion Wiped Out in Nigerian Stock Market Crash
Nigerian stock market plunges 5.01%, wiping N4.64 trillion off investor wealth in massive selloff. Key stocks including MTN Nigeria, BUA Cement crash by 10%.
Nigerian Stock Market Plunges Amid Economic Worries
Nigeria's financial markets experience significant downturn as rising interest rates, inflation fears, and job market instability spook investors. Key indices drop amid growing economic uncertainty.
Presco Plc Launches ₦237B Rights Issue for Expansion
Nigerian agribusiness giant Presco Plc announces massive ₦237 billion rights issue to drive expansion, strengthen market leadership, and enhance production capacity across West Africa.
Presco Plc Launches ₦250BN Rights Issue for Expansion
Nigerian agribusiness giant Presco Plc unveils ambitious ₦250 billion rights issue strategy to accelerate expansion, strengthen market leadership, and enhance production capacity across West Africa.
SEC Chief Urges Registrars to Embrace Innovation
SEC Director-General Timi Owoturo challenges registrars to drive efficiency and technological advancement in Nigeria's capital market operations.
Benue Market Shut Over Rampant Car Theft
Frustrated traders at Benue Modern Market have closed shop indefinitely following repeated vehicle thefts, demanding immediate government intervention and enhanced security measures.
Naira Falls Again: Loses Ground Against US Dollar
The Nigerian naira has reversed its recent gains, depreciating significantly against the US dollar across both official and parallel markets. This latest development raises concerns about currency stability and economic recovery efforts.
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