IMF Warns Unrealistic Budgets Are Driving Wider Fiscal Deficits in Sub-Saharan…
Sub-Saharan African countries are facing growing pressure on their public finances as a new report from the…
FGN Bond Auction May 2026: DMO Announces N600 Billion Issuance to Finance…
The Debt Management Office has announced a fresh N600 billion Federal Government of Nigeria bond auction scheduled…
Nigeria Inflation to Hit 16% in April as Fuel Price Surge Drives Cost Pressures –…
Nigeria’s inflation rate is expected to climb to 16 percent in April 2026, up from 15.38 percent recorded in March,…
Musk mulled handing OpenAI to his children, Altman testifies
OpenAI CEO Sam Altman has taken the stand in a closely watched legal battle brought by Elon Musk, where Musk is…
Tinubu blames high borrowing costs for Africa’s weak manufacturing growth
President Bola Ahmed Tinubu has blamed high borrowing costs, illicit financial flows, and restrictive global…
Nigeria’s Oil Production Climbs to 1.66mbpd in April as Output Nears OPEC Quota
Nigeria’s oil production recorded a strong increase in April 2026, with total crude oil and condensate output…
Nigeria’s Petrol Consumption Climbs to 51.1 Million Litres Daily in April Amid…
Nigeria’s daily petrol consumption surged to 51.1 million litres per day in April 2026, up from 47.3 million litres…
Nigerian Breweries Surges Nearly 10% as NGX Market Capitalization Hits N161…
The Nigerian stock market continued its bullish run on Tuesday as the Nigerian Exchange (NGX) All-Share Index…
European Markets Rebound as UK Gilt Yields Ease Amid Starmer Leadership Pressure
European stock markets opened higher on Wednesday, recovering from losses recorded in the previous trading…
Egypt Overtakes Nigeria on FT Fast-Growing Firms Ranking as Naira Crisis Hits…
Nigeria has lost its long-standing dominance on the Financial Times’ list of Africa’s fastest-growing companies,…
NNPC Remits $29m Crude Revenue to FAAC as NUPRC Collections Drop Amid NRS…
Nigeria’s state-owned oil company, the Nigerian National Petroleum Company Limited, has remitted $29.28 million in…
Dangote Refinery Supplies Nearly 80% of Nigeria’s Petrol Demand as Fuel Imports…
Nigeria’s fuel market witnessed a major shift in April 2026 as the Dangote Petroleum Refinery supplied nearly 80…
CBN Dormant Accounts Directive: Four Banks Publish Over 321,000 Inactive Accounts
Four Nigerian banks have published details of more than 321,000 dormant accounts in compliance with a directive…
Nigerian Breweries, Guinness, Others Defy Economic Hardship as Revenue Jumps to…
Despite worsening economic conditions and shrinking consumer purchasing power, Nigeria’s leading brewing…
Enterprise AI Adoption Hits “Tipping Point” as OpenAI Expands Business Push, Says…
OpenAI’s Chief Revenue Officer, Denise Dresser, has said that enterprise artificial intelligence adoption is now at…
OPEC Oil Output Drops to 26-Year Low as Iran Conflict Disrupts Global Supply…
OPEC’s crude oil production has fallen to its lowest level in 26 years, reflecting major disruptions in global…
NNPC and NUPRC Remit N322bn, $116.9m Under Executive Order 9 as Nigeria Boosts Oil…
The Nigerian oil sector recorded a major revenue boost as the NNPC Limited and the Nigerian Upstream Petroleum…
Nigeria’s Banking Sector Set for N10.53 Trillion Liquidity Surge as Investor…
Nigeria’s banking sector is on track to receive a massive liquidity boost of about N10.53 trillion in May 2026,…
Dollar Cycles and Middle East Tensions Put African Industries at Risk –…
African manufacturers are raising concerns that recent currency stability across parts of the continent may be…
Dangote Targets $50bn Valuation for Refinery Ahead of Landmark Pan-African Stock…
Nigeria’s richest man, Aliko Dangote, is setting an ambitious target for his flagship energy project, as the…
SEC Recapitalisation to Trigger Asset Management Consolidation in Nigeria
Nigeria’s asset management industry is set for a major shake-up as the ongoing Securities and Exchange Commission…
CBN Raises Governance Alarm Over Non-Interest Banks Amid Rising Islamic Finance…
The Central Bank of Nigeria (CBN) has issued a fresh warning to non-interest financial institutions over growing…
Nigeria Oil and Gas Sector Expansion: FG, Investors Push Offshore Growth, Refining…
Nigeria’s oil and gas sector expansion took center stage as President Bola Tinubu and top government officials…
Nigeria exported 485 million barrels of crude oil in 2025 amid rising refinery…
Nigeria exported about 485.44 million barrels of crude oil in 2025, representing roughly 82% of its total…
Nigeria Debt Risk Remains High Despite Temporary Relief, NESG Warns on Rising…
The Nigerian Economic Summit Group (NESG) has raised fresh concerns over Nigeria’s fiscal health, warning that the…
Oil Prices Surge Past $105 as Middle East Crisis Deepens Over Iran–US Standoff
Global oil prices climbed sharply on Monday as renewed tensions between the United States and Iran raised fears of…
Nigeria’s Device Market Shifts as 5G Adoption Lags Despite Speed Gains
Nigeria’s smartphone market is undergoing a noticeable shift as consumer behaviour changes and network realities…
NGX ETFs Rebound Strongly as Trading Value Hits N1.11 Billion Amid Renewed…
Exchange Traded Funds (ETFs) listed on the Nigerian Exchange (NGX) recorded a strong rebound in the week ended May…
Nigerian Stock Market Hits Historic 250,000 Points as Dangote Cement and Tier-One…
The Nigerian equities market extended its bullish momentum on May 11, 2026, breaking new ground as the All-Share…
Naira Slips to N1,375/$ as Dollar Strengthens on Middle East Tensions and Global…
The naira recorded a mild depreciation on Monday, closing at N1,375 per dollar in the official foreign exchange…