FTSE Frontier 50 Index Names Six Nigerian Companies as Nigeria Returns to Frontier Market Status
The FTSE Frontier 50 Index has listed six Nigerian companies as Nigeria prepares to officially return to the global frontier…
FG Plans Vienna-Listed Bond to Attract Foreign Investment Into Nigeria
The Federal Government is preparing to issue a Vienna-listed bond as part of efforts to attract more foreign capital into…
Dangote Refinery Valued at N82.6 Trillion Ahead of N2.15 Trillion IPO
Dangote Petroleum Refinery and Petrochemicals FZE could be worth significantly more than its proposed listing valuation, with two Nigerian investment…
NNPC Disowns Fuel Truck Found With 2,145kg Cannabis in Ondo
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has distanced itself from a fuel truck intercepted in Ondo State after…
AfDB Unveils $5.1bn Plan to Cushion Africa From Energy, Fertiliser Crisis
The African Development Bank Group (AfDB) has approved a $5.1 billion response plan aimed at helping Nigeria and other African…
Hackers Steal Claude Tokens From Subscribers as Anthropic Warns Users
Hackers are reportedly targeting Claude subscribers, secretly using compromised account sessions to consume users’ AI token allowances without their knowledge.…
CBN: Economic Gains Will Soon Reach Nigerian Households, Businesses
Nigeria’s improving economic indicators may soon begin to translate into better conditions for households and businesses, the Central Bank of…
Nigeria Opens N1,000 Savings Bonds as DMO Offers 14.12% and 15.12% Interest Rates
The Nigerian government has opened two new savings bonds to investors, giving individuals an opportunity to invest in federal government…
Rising Oil Prices Put China’s Independent Refiners Under Pressure
China’s independent refiners could be heading for a difficult period as rising international oil prices and tightening crude supplies squeeze…
Nigeria’s FX Demand Surges 91% to $50.93 Billion, Hits Six-Year High
Nigeria’s FX demand surged by 91.1% to $50.93 billion in 2025, reaching its highest annual level in six years as…
Nigerian Stocks Lose N1.88trn as Investors Reposition Ahead of Dangote Refinery IPO
Nigeria’s stock market suffered a sharp reversal on Tuesday, September 8, 2026, with investors wiping about N1.88 trillion from market…
Tinubu’s $50bn FDI Pledges Face Reality Check as Nigeria Records Just $2.06bn Inflows
President Bola Ahmed Tinubu’s administration has secured more than $50 billion in foreign investment commitments through 87 Memoranda of Understanding…
Oye Urges Tinubu to Turn $53.11bn FX Reserves, 4.43% Growth Into Cheaper Food, Jobs
Chairman of the Alliance for Economic Research and Ethics LTD/GTE, Dele Oye, has urged President Bola Tinubu’s administration to ensure…
FG Maritime Reforms Drive Port Growth as Cargo Throughput, Vessel Traffic Surge
The Federal Government’s ongoing reforms in Nigeria’s maritime sector are beginning to show measurable results, with cargo throughput, vessel traffic,…
Nigeria External Reserves Hit $54bn as Naira Strengthens
Nigeria’s external reserves have climbed to $54.08bn, reaching their highest level since 2008 and giving the country a stronger financial…
IMF: Trade Payment Restrictions Can Strengthen Current Account, Influence Exchange Rates
The International Monetary Fund (IMF) has said trade payment restrictions can strengthen a country’s current account position, while capital controls…
Africa to Supply 620m New Workers by 2050 as World Bank Warns of Job Creation Challenge
Sub-Saharan Africa is set to become the world’s biggest source of new workers over the next 25 years, with more…
Local Petrol Maintains N46 Price Advantage Over Imports as Dangote Refinery Cuts Cost
Locally refined petrol has maintained a price advantage over imported Premium Motor Spirit (PMS), with industry data showing that imported…
OPEC Maintains September Oil Production Levels for October 2026
The Organisation of the Petroleum Exporting Countries (OPEC) and its allies have agreed to maintain their September 2026 oil production…
OPEC+ Pauses Oil Output Hikes After Four Straight Monthly Increases
OPEC+ has paused its recent oil production increases, keeping output levels unchanged for October 2026 after four consecutive monthly hikes…
African Startups Risk Losing Investors With $1m Pre-Seed Targets, Sidebrief COO Warns
African startups could be putting off potential investors by setting ambitious $1 million pre-seed fundraising targetsbefore securing meaningful investor commitments,…
AI Model Fatigue Sets In as OpenAI, Anthropic, Google and Meta Race to Release New Models
AI Model Fatigue Sets In as OpenAI, Anthropic, Google and Meta Race to Release New Models A wave of artificial…
Google Puts Voice AI Inside Gmail, Docs and Keep
Google is taking another step into the future of everyday work by bringing voice-powered artificial intelligence to Gmail, Google Docs…
Nigeria’s Overnight Rate Rises to 22.20% as CBN Liquidity Drain Tightens Market
Nigeria’s overnight lending rate has climbed to 22.20 per cent as tighter liquidity conditions in the banking system push up…
NGX ETFs Suffer August Setback as SIAML Pension ETF 40 Crashes 43.86% Amid Market Correction
Nigeria’s Exchange Traded Funds (ETFs) market experienced a sharp pullback in August 2026, reversing much of the gains recorded in…
Ghana’s Internet Banking Transactions Surge 80.7% to GH¢383.82bn as Cheque Use Declines
Ghana’s move towards a cash-lite economy is gathering pace, with internet banking transactions surging to GH¢383.82 billion in 2025, as…
Ghana Stocks Set for 81% Gain in 2026 as Databank Targets 16,000 Points
Ghana’s stock market is on track for one of its strongest performances in recent years, with Databank Research projecting the…
Nigerians Pay N1.2trn for Electricity in Six Months as DisCos’ June Revenue Drops
Electricity consumers across Nigeria paid about N1.2 trillion for power consumed between January and June 2026, according to data from…
NNPC Profit Falls 47.9% to N279bn as July Revenue Drops to N3.09trn
The Nigerian National Petroleum Company Limited (NNPCL) recorded a sharp decline in profitability in July 2026, as NNPC profit fell…
Nvidia’s AI Investments Surge to $99 Billion as Chip Giant Deepens Bet on Tech Startups
Nvidia’s growing influence in the artificial intelligence industry is no longer limited to supplying the powerful chips that run AI…