NGX Surges to Record N155.59tn as Investor Confidence Sparks Historic Market Rally
The Nigerian Exchange (NGX) delivered another landmark performance on Wednesday, with market capitalisation soaring to an unprecedented N155.59 trillion as investors intensified their buying activities across key sectors of the…
NGX Investors Gain N3.45 Trillion as Blue-Chip Stocks Drive Powerful Midweek Rally
The Nigerian stock market delivered a strong performance on Wednesday as investors recorded a massive N3.45 trillion gain, extending the bullish momentum that has characterized trading on the Nigerian Exchange…
Nasdaq Futures Climb as Chip Stocks Rally Despite Rising U.S.-Iran Tensions
Wall Street showed signs of resilience on Thursday as Nasdaq futures advanced, driven by strong gains in semiconductor stocks, even as investors grappled with renewed tensions between the United States…
IMF Maintains Nigeria’s 4.1% Growth Forecast for 2026 Amid Global Uncertainty and Middle East Tensions
Nigeria’s economic outlook has received a vote of confidence from the International Monetary Fund (IMF), which has maintained its growth forecast of 4.1 per cent for 2026 and 4.3 per…
Nigeria, Ghana deepen bilateral maritime cooperation
Nigeria and Ghana have taken a major step toward strengthening maritime ties after signing a new Memorandum of Understanding (MoU) designed to deepen cooperation in the maritime sector and unlock…
Dangote Refinery Cuts Petrol Price Again as Rising Crude Oil Prices Threaten Market Stability
The Dangote Petroleum Refinery has announced another reduction in its ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, offering a slight but significant relief to marketers and…
ipNX Pushes for Affordable, Accessible AI to Accelerate Africa’s Digital Transformation
Artificial Intelligence (AI) will only achieve its full potential in Africa if it becomes accessible, affordable, and relevant to local realities, according to leading Nigerian technology company ipNX. The company…
Meta Invests $9 Billion in First Canadian Data Center as AI Expansion Accelerates
Meta is taking its artificial intelligence ambitions beyond the United States with plans to build its first large-scale data center in Canada. The tech giant has announced a massive 1-gigawatt…
Oil Hits $80 as Trump Ends Iran Ceasefire, Raising Fresh Fuel Price Fears Worldwide
Global oil markets were thrown into fresh uncertainty on Wednesday after crude prices climbed to $80 per barrel following a dramatic escalation in tensions between the United States and Iran.…
SpaceXAI Unveils Grok 4.5 as Elon Musk Claims It Rivals Top AI Models at a Fraction of the Cost
SpaceXAI has officially introduced Grok 4.5, its newest artificial intelligence model and the company’s first major AI release since becoming a publicly traded firm. The launch marks another significant milestone…
S&P Places Nigeria on 2027 Watchlist for Frontier Market Return as Reforms Gain Global Recognition
Nigeria’s efforts to rebuild investor confidence and strengthen its capital market have received a major boost as S&P Dow Jones Indices (S&P DJI) has placed the country on its 2027…
Dangote Chooses Kenya’s Lamu for $17 Billion Mega Refinery as Engineering Work Begins
Aliko Dangote, Africa’s richest businessman, has officially chosen Lamu Island on Kenya’s coast as the location for a massive $17 billion oil refinery project, a move that could reshape the…
NNPC Ends Crude-Backed Loans for Refineries, Pushes Port Harcourt and Warri Plants Toward Self-Sustainability
The Nigerian National Petroleum Company Limited (NNPC) has unveiled a major shift in its refinery financing strategy, announcing that the Port Harcourt and Warri refineries will no longer rely on…
CBN Warns Against Rejection of N100 Notes, Confirms Standard and Commemorative Versions Remain Valid
The Central Bank of Nigeria (CBN) has moved to end growing confusion surrounding the circulation of the N100 banknote, reaffirming that both the standard N100 note and the commemorative N100…
Dangote Cement’s N753.8bn Dividend Set to Boost NGX as Investors Eye Market Rebound
Investors on the Nigerian Exchange (NGX) are set for a major cash windfall as Dangote Cement Plc begins the distribution of its record N45 per share dividend, a payout valued…
Nigerian Investors Pocket N3.45 Trillion as Stock Market Rally Extends, Boosting Market Confidence
The Nigerian stock market delivered another impressive performance on Tuesday, adding N3.45 trillion to investors’ wealth as renewed buying interest swept across major stocks. The sustained rally reflects growing confidence…
NUPRC Awards 19 Oil Prospecting Licences as Nigeria Secures Fresh Upstream Investments
Nigeria has taken another major step toward revitalizing its oil and gas industry as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) officially handed over 19 Petroleum Prospecting Licences (PPLs) to…
IMF Warns Rising Food Prices Could Deepen Poverty in Nigeria Despite Stronger Economic Growth Outlook
The International Monetary Fund (IMF) has retained its forecast that Nigeria’s economy will grow by 4.1 percent in 2026, offering a positive signal for the country’s economic recovery. However, the…
Airtel Africa Powers NGX Rally as Investors Gain N3.45 Trillion, Market Return Climbs Above 55%
The Nigerian stock market staged a remarkable comeback on Wednesday, delivering its strongest single-day performance in weeks as investors gained an estimated N3.45 trillion. Leading the charge was Airtel Africa,…
Dangote Refinery Launches Free Petrol Delivery to Abuja, Five States Amid Fuel Price Relief
Dangote Petroleum Refinery has taken another significant step in Nigeria’s fuel market by launching free delivery of Premium Motor Spirit (PMS), popularly known as petrol, to Abuja and five key…
IMF Cuts Global Growth Forecast for 2026 as Middle East Conflict Clouds Economic Outlook
The International Monetary Fund (IMF) has once again lowered its forecast for global economic growth in 2026, warning that lingering tensions in the Middle East and the economic fallout from…
Oil Surges, Global Stocks Tumble as Trump Declares Iran Ceasefire Over
Global financial markets were thrown into fresh uncertainty on Wednesday after United States President Donald Trump declared that the ceasefire with Iran was over, reigniting fears of a wider conflict…
FGN Savings Bond Hits Record 15.716% Return as DMO Opens July 2026 Investment Window
The Debt Management Office (DMO) has opened the July 2026 subscription window for the Federal Government of Nigeria (FGN) Savings Bond, offering investors an opportunity to earn returns of up…
Dow Futures Tumble 700 Points as Trump Declares Iran Ceasefire ‘Over,’ Oil Prices Surge
Global financial markets were rattled on Wednesday after U.S. President Donald Trump declared that the ceasefire between the United States and Iran was effectively “over,” raising fears of a renewed…
Tinubu Tasks Afreximbank To Drive Africa’s Industrialisation
President Bola Ahmed Tinubu has challenged the African Export-Import Bank (Afreximbank) to take a leading role in driving Africa’s industrial transformation, insisting that the continent can no longer afford to…
EBRD Picks Nigeria as West Africa Growth Hub in Major Expansion Drive
The European Bank for Reconstruction and Development (EBRD) has placed Nigeria at the heart of its ambitious expansion plans in West Africa, signaling growing international confidence in Africa’s largest economy.…
CBN Data Localisation Drive Opens New Opportunities as Galaxy Backbone Targets Banks, Fintechs
As Nigeria pushes for greater control over its financial data, Galaxy Backbone (GBB) is positioning itself as a key partner for banks, fintech companies, and payment service providers seeking to…
Nigeria’s $25bn Oil and Gas Financing Gap Sparks Call for Urgent Investment Partnerships
Nigeria’s oil and gas industry is facing a major hurdle that could slow growth and investment across the sector. Industry stakeholders have raised concerns over an estimated annual financing gap…
FG Pressures Oil Marketers as Nigerians Demand Cheaper Petrol Amid Falling Global Oil Prices
The Federal Government has intensified pressure on oil marketers to reduce petrol prices, following growing concerns that Nigerians are not benefiting from the recent decline in global crude oil prices.…
PenCom Eyes Bigger Role in Capital Market as Nigeria’s Pension Assets Hit Record N31.32 Trillion
Nigeria’s pension industry has reached a major milestone, with total pension assets climbing to a record N31.32 trillion in May 2026. Riding on this impressive growth, the National Pension Commission…