The Nigerian Exchange Group (NGX Group) has introduced two new index futures contracts, NGX30U6 and NGXPENSIONU6, in a move aimed at deepening Nigeria’s derivatives market and expanding investment options. The development was disclosed in the Exchange’s Weekly Market Report released on March 18, 2026. Both contracts were officially listed on March 16, 2026, and are set to expire on September 18, 2026. The NGX30 Futures (NGX30U6), which tracks the NGX30 Index, debuted at N7,601.75, while the NGX Pension Futures (NGXPENSIONU6), linked to the NGX Pension Index, opened at N10,199.50. According to the report, the new products give investors more flexibility…
Author: Elvis Eromosele
Dangote Petroleum Refinery has exported 456,000 tonnes of refined petroleum products to African markets, marking a major step in its expansion beyond Nigeria. According to sources familiar with the development, the shipments were delivered through 12 cargoes lifted by international traders and sent to countries including Côte d’Ivoire, Cameroon, Tanzania, Ghana, and Togo. The exports consist mainly of Premium Motor Spirit (PMS), commonly known as petrol. The milestone comes shortly after the refinery reached its full production capacity of 650,000 barrels per day in February, positioning it as a significant supplier in the regional energy market. Sources said the products…
Nigeria’s Securities and Exchange Commission (SEC) has partnered with the National Youth Service Corps (NYSC) to integrate anti-Ponzi scheme education into the NYSC programme, in a move aimed at strengthening financial literacy among young Nigerians. The collaboration was announced in a joint statement issued on Sunday, March 22, 2026. It will see structured financial education embedded into the NYSC’s Education and Enlightenment Community Development Service (CDS), equipping corps members with the knowledge to identify fraudulent investment schemes and encouraging participation in legitimate financial markets. The partnership, formalised through a Memorandum of Understanding (MoU), positions corps members as key drivers of…
Europe is increasingly turning to Nigeria’s Dangote Refinery for jet fuel supplies as a deepening global energy crunch tightens availability across key markets. The shift comes amid mounting pressure on Europe’s aviation fuel supply chain, driven by refinery shutdowns in the West and ongoing geopolitical tensions disrupting traditional export routes. Analysts say the continent’s shrinking refining capacity has left it more dependent on external suppliers to meet demand. Nigeria’s 650,000 barrels-per-day Dangote Refinery is emerging as a critical alternative source, with shipments of aviation fuel already reaching major international destinations, including airports in London and other parts of Europe. Recent…
Nigeria’s basic education system is set for a major overhaul as Minister of Education, Tunji Alausa, has announced plans to abolish the National Common Entrance Examination and replace it with a centralised learner tracking system. The proposed reform will introduce a Learner Identification Number (LIN) for every pupil, enabling authorities to monitor academic progress from primary school through secondary education, regardless of school transfers. Speaking during an interactive session with journalists in Lagos, Alausa said the move is aimed at improving access to education and addressing gaps in student progression across the country. Under the new framework, the long-standing Common…
Heavy use of social media is increasingly undermining the well-being of young people, according to the latest findings from the World Happiness Report 2026. The report, released to mark the International Day of Happiness, reveals a strong link between frequent social media use and declining life satisfaction, particularly among people under the age of 25. Drawing on survey data from about 100,000 respondents across 140 countries, the study shows a notable drop in happiness levels among young people in several English-speaking and Western European countries. Nations such as the United States, Canada, Australia, and New Zealand have experienced particularly sharp…
Nigeria’s import pattern is undergoing a major shift, with imports from Europe dropping by ₦5.36 trillion in 2025, even as the country’s overall import bill continued to rise. Latest foreign trade data from the National Bureau of Statistics shows that imports from Europe declined from ₦22.80 trillion in 2024 to ₦17.44 trillion in 2025, which represents a substantial decrease in trade with the region. This drop comes against the backdrop of rising total imports, which increased from ₦60.59 trillion to ₦67.35 trillion within the same period, highlighting a clear shift in Nigeria’s sourcing strategy. As a result of the…
Nigeria’s elite trillion-naira revenue club expanded in 2025 as BUA Cement, Lafarge Africa, and Nestlé Nigeria each crossed the ₦1 trillion revenue mark, reflecting stronger corporate performance amid improving macroeconomic conditions. Audited financial statements show that BUA Cement posted ₦1.18 trillion in revenue, up from ₦876 billion in 2024, while Lafarge Africa recorded ₦1.07 trillion, rising from ₦696 billion. Nestlé Nigeria also joined the league with ₦1.02 trillion, up from ₦958 billion. The trio joins industry leaders such as MTN Nigeria, which remains Nigeria’s highest-grossing firm with ₦5.2 trillion in revenue. Dangote Cement followed with ₦4.31 trillion, while Seplat…
A new international study has found that switching to clean cooking energy in Nigeria can reduce long-term household costs, improve respiratory health, and ease pressure on the healthcare system. The study, co-led by Davies Adeloye of Teesside University, UK, was conducted under the C2REST Nigeria Study, a three-year programme funded by the Medical Research Foundation. The research brings together experts from the United Kingdom, Nigeria, Benin, and Kenya to examine the links between climate, environment, and health in rapidly growing urban communities. The findings come at a critical time. As Nigeria experiences rapid urbanisation and rising energy demand, millions of…
That is where the world pauses. Eighty-six years of life, lived with a force that made numbers feel almost inadequate. Because how do you quantify a man who became both myth and mathematics? Chuck Norris was born in 1940. A simple number. But from that year emerged a trajectory that would bend decades – from the discipline of the United States Air Force to the global spectacle of martial arts mastery. The number of major martial arts disciplines he didn’t just study, but dominated, Karate, Taekwondo, Judo, and Brazilian Jiu-Jitsu. Each belt earned was not just rank, but repetition -…