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Nigeria Inflation Rebound Driven by Fuel Costs, Insecurity and Global Shocks, Economists Say

ABUJA, May 27, 2026 (Naija247news) – Nigeria’s return to rising inflation after a year-long slowdown reflects a combination of global energy-market volatility and deep-rooted domestic structural weaknesses, economists said, underscoring the challenge facing policymakers attempting to stabilise prices while sustaining economic reforms. The National Bureau of Statistics reported that headline inflation accelerated to 15.69% in April from 15.38% in March, marking a second consecutive monthly increase after inflation had eased for 12 straight months....

Nigeria Inflation Rebound Driven By Fuel Costs, Insecurity And Global Shocks, Economists Say ABUJA, May 27, 2026 (Naija247news) – Nigeria’s return to rising inflation after a year-long slowdown reflects a combination of global energy-market volatility

Nigeria Markets Signal Broad-Based Risk Rotation as Equities Rally, FX Stabilizes

Nigerian equities scale new record high as All-Share Index hits 251,125.02 • Naira firms across NAFEM, parallel windows amid foreign portfolio inflows • Central Bank's policy pause at 26.50% sustains domestic debt demand By Bloomberg Intelligence May 25, 2026 Nigeria’s financial markets opened the week with a coordinated move across asset classes, signaling a broad-based rotation into risk assets amid improving macroeconomic sentiment....

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Tinubu’s Delta Primary Landslide Signals APC’s Early 2027 Strength Test

Asaba, May 23, 2026 (Naija247news) — Delta State Governor Sheriff Oborevwori said the sweeping victory recorded by President Bola Tinubu in the state’s All Progressives Congress presidential primary offered an early measure of the ruling party’s electoral machinery ahead of Nigeria’s 2027 general election. Speaking to reporters in Asaba on Saturday after Tinubu emerged winner of the APC presidential primary in Delta, Oborevwori described the exercise as a “litmus test” for the party’s grassroots reach and internal cohesion, arguing that the scale of participation demonstrated growing support for the president in a state long viewed as politically competitive....

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Sterling Financial Liquidity Surge Signals Institutional Chase for Yield on NGX

Lagos, May 21, 2026 (Naija247news) — Sterling Financial Holdings Co. dominated trading activity on the Nigerian Exchange on Thursday, reinforcing the banking sector’s growing role as the primary destination for liquidity in Nigeria’s equity market....

Sterling Financial Liquidity Surge Signals Institutional Chase For Yield On Ngx Lagos, May 21, 2026 (Naija247news) — Sterling Financial Holdings Co. dominated trading activity on the Nigerian Exchange on Thursday, reinforcing the banking

Naira Trades Mixed as FX Market Splits Between Official Stability and Parallel Market Weakness

Lagos, May 20, 2026 (Naija247news) — Nigeria’s foreign exchange market ended Wednesday on a mixed note as the naira appreciated marginally at the official window while weakening in the parallel market, underscoring persistent fragmentation between formal and informal currency segments despite recent stabilization efforts. At the Nigerian Foreign Exchange Market (NAFEM), the naira strengthened slightly by 0.04% to ₦1,373.34/$, reflecting modest dollar supply and relatively balanced demand conditions within the official trading system....

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Nigerian Industrial Stocks Lead Market Retreat as Insurance Shares Defy Broad Sector Selloff

Lagos, May 20, 2026 (Naija247news) — Nigeria’s equities market witnessed a sharp divergence in sector performance on Wednesday as heavy losses across industrial, banking and consumer goods stocks dragged the benchmark index lower, while insurance counters emerged as a rare pocket of resilience amid broad investor caution....

Nigerian Industrial Stocks Lead Market Retreat As Insurance Shares Defy Broad Sector Selloff Lagos, May 20, 2026 (Naija247news) — Nigeria’s equities market witnessed a sharp divergence in sector performance on Wednesday as heavy losses across

Nigeria Breaks Transnational M**h Network With Arrest of Mexican Chemists in Forest Lab Raid

ABUJA, May 20, 2026 (Bloomberg-style) — Nigeria’s anti-narcotics authority has dismantled a transnational methamphetamine production network operating out of a concealed forest laboratory in Ogun State, arresting three Mexican chemists and multiple Nigerian suspects in a coordinated crackdown spanning Ogun and Lagos. The National Drug Law Enforcement Agency said the operation represents the largest clandestine methamphetamine laboratory ever uncovered in the country, marking an escalation in the sophistication and international reach of synthetic drug trafficking networks operating in West Africa’s largest economy....

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Nigerian Bond Yields Fall as Domestic Investors Increase Sovereign Debt Holdings

Lagos, May 19, 2026 (Naija247news) — Yields on Nigerian sovereign bonds declined Tuesday as domestic investors increased purchases of naira-denominated debt amid improving liquidity conditions and persistent demand for high-yield government securities....

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Nigeria Oil Output Hits 2026 High as Production Recovery Gains Pace

QuickTake Nigeria’s oil output climbed to the highest level this year in April Crude production remained marginally below OPEC’s 1.5 million bpd quota Recovery at key export streams signals improving Niger Delta supply stability LAGOS — Nigeria’s oil production rose to its strongest level this year in April as improved flows from major export terminals helped Africa’s biggest crude producer move closer to its OPEC supply target after months of disruptions and underperformance....

Nigeria Oil Output Hits 2026 High As Production Recovery Gains Pace QuickTake

UK Prosecutors Allege Diezani Alison-Madueke Lived ‘Luxury Life’ Funded by Oil Interests

LONDON, May 18 (Naija247news) — UK prosecutors allege former Nigerian petroleum minister Diezani Alison-Madueke lived a “life of luxury” in London, receiving high-end accommodation and expensive shopping trips allegedly financed by oil industry figures seeking access to lucrative contracts. The Crown’s case argues that Alison-Madueke, 65, benefited from a pattern of inducements linked to individuals positioned to gain from Nigeria’s oil and gas licensing decisions during her tenure from 2010 to 2015....

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Data, Not Voice Calls, Now Drives Telecom Profitability

JOHANNESBURG, May 12, 2026 (Naija247news) – Africa’s telecom industry is undergoing a structural transformation as mobile data and digital financial services increasingly replace traditional voice calls as the sector’s primary profit engine, according to first-quarter results released by MTN Group. The continent’s largest telecom operator said data revenue surged 35.4% in the three months ended March 31, significantly outpacing voice revenue growth of just 4.7%, highlighting a widening shift in consumer behavior across key African markets including Nigeria....

Data, Not Voice Calls, Now Drives Telecom Profitability JOHANNESBURG, May 12, 2026 (Naija247news) – Africa’s telecom industry is undergoing a structural transformation as mobile data and digital financial services