Ghana Settles $700 Million Eurobond Early, Pays $2.1 Billion to Investors Since 2025
The Government of Ghana has taken another major step in its debt recovery efforts by settling a $700 million Eurobond obligation ahead of schedule, raising its total payments to bondholders…
FG, Dangote Refinery Meet Marketers Over Fair PMS Pricing as Fuel Costs Remain High
The Federal Government has intensified efforts to ensure fair pricing of Premium Motor Spirit (PMS), commonly known as petrol, by convening a high-level meeting with Dangote Refinery, petroleum marketers, regulators,…
Oyedele Rejects IMF Claim of ₦8 Trillion Unreported Spending, Insists No Secret Budget Exists
The Federal Government has firmly rejected claims by the International Monetary Fund (IMF) that Nigeria spent more than ₦8 trillion outside its approved budgets, describing the allegation as misleading and…
Dangote Cement Sets Sights on 20% Emissions Reduction, 80MTPA Production Capacity by 2030
Dangote Cement Plc has announced an ambitious sustainability roadmap that will see the company reduce its net carbon dioxide (CO₂) emissions intensity by 20 percent while increasing its installed production…
OPEC+ Approves Fresh Oil Output Increase for August as Global Supply Recovery Gains Momentum
The OPEC+ alliance has approved another 188,000 barrels per day (bpd) increase in oil production for August 2026, signaling its continued commitment to gradually restoring crude supplies to the global…
Google Play Launches $1 Million Fund to Boost African Game Studios and Global Growth
Google Play has announced a major investment in Africa’s growing gaming ecosystem, unveiling a $1 million equity-free fund aimed at supporting independent game studios across the continent. The initiative, known…
Bank Recapitalisation Drained Funds from Nigeria’s Productive Economy, Says Adonri
Nigeria’s banking recapitalisation programme may have succeeded in strengthening the financial sector, but it came at a significant cost to the broader economy, according to the Chief Executive Officer of…
Nigeria, 8 others account for 83% of global gas flaring worth $54bn –World Bank
Nigeria has been named among nine countries responsible for more than 83 percent of global gas flaring in 2025, according to a new report by the World Bank. The findings…
NNPC Begins Evaluation of Chinese Refinery Partnership to Revive Port Harcourt and Warri Plants
The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced a detailed evaluation of its proposed partnership with Chinese firms to rehabilitate and operate the Port Harcourt and Warri refineries,…
Tinubu Secures $11.4bn World Bank Loans in Three Years, Nears Buhari’s Eight-Year Record
President Bola Tinubu’s administration has secured an impressive $11.4 billion in World Bank loan approvals within just three years, bringing it close to surpassing the total amount approved during former…
Nvidia Kyber AI Rack Delay Raises Questions Over Next-Generation AI Roadmap
Nvidia’s ambitious plans to push the boundaries of artificial intelligence infrastructure have reportedly hit a significant roadblock, as its next-generation Kyber AI rack system is now expected to arrive in…
Nigerian Businesses Hold Ground Despite Rising Costs and Credit Challenges, NESG Report Shows
Nigeria’s business sector continued to show resilience in June 2026, maintaining a steady level of confidence despite mounting economic pressures. According to the Nigerian Economic Summit Group (NESG) Business Confidence…
AfCFTA and Economic Reforms Set to Drive Nigeria’s Investment Growth and Industrial Expansion
Nigeria’s ongoing economic reforms, combined with the opportunities created by the African Continental Free Trade Area (AfCFTA), are expected to accelerate economic growth, attract new investments, and strengthen the country’s…
Naira Remains Stable as CBN Tightens Policy and Rising Oil Output Strengthens FX Reserves
The Nigerian naira is maintaining a stronger footing in 2026, offering a sense of relief to businesses, investors, and consumers after enduring significant volatility over the past two years. The…
NGX Loses N13 Trillion in June: How Investors Can Spot Bargains and Avoid Value Traps
Nigeria’s stock market endured a turbulent June 2026, wiping out more than N13 trillion in investor wealth as widespread selloffs dragged down equities across sectors. The decline affected both strong-performing…
NGX Records N154bn Share Turnover as Trading Activity Surges 15% Despite Market Decline
Trading activity on the Nigerian Exchange (NGX) gained significant momentum in the week ended July 3, with investors exchanging shares worth N154.39 billion, representing a 14.8 percent increase compared to…
Dangote Refinery Overtakes US in Europe’s Jet Fuel Market with N757bn Export Surge
Nigeria’s growing influence in the global energy market received another major boost as the Dangote Petroleum Refinery exported approximately 466,000 metric tonnes of jet fuel to Europe in June, a…
SEC Approves 7 New Crypto Firms Under Regulatory Sandbox to Boost Nigeria’s Digital Asset Market
Nigeria’s digital asset industry has received a significant boost as the Securities and Exchange Commission (SEC) granted Approval-in-Principle (AIP) to seven cryptocurrency and blockchain-focused companies under its Accelerated Regulatory Incubation…
Nigeria’s 2026 Budget Under Threat as Citi Forecasts Brent Crude to Fall to $60 per Barrel
Nigeria’s 2026 budget may face significant pressure following a new forecast by global financial giant Citigroup (Citi), which predicts that Brent crude oil prices could decline to $60 per barrel…
South African Investment in Nigeria Nears $1bn Despite Rising Xenophobic Tensions
South African investment in Nigeria climbed to nearly $1 billion in the first quarter of 2026, highlighting the strength of economic ties between Africa’s two largest economies despite ongoing diplomatic…
Nigeria, China Strengthen Investment Ties with New Focus on Energy, Exports and Industrial Growth
Nigeria and China have taken a significant step toward strengthening economic cooperation, with business leaders from both countries committing to deeper collaboration in exports, energy, healthcare, artificial intelligence, agriculture and…
Nigeria, Canada Push Data-Driven Investment Strategy to Unlock Trade Growth
Nigeria and Canada are intensifying efforts to strengthen their economic partnership, with both countries placing greater emphasis on data-driven investment strategies as a catalyst for trade growth. Speaking at the…
Microsoft Unveils $2.5 Billion Frontier Company to Accelerate Enterprise AI Adoption
Microsoft has announced the launch of the Microsoft Frontier Company, a new $2.5 billion initiative designed to help large organizations adopt and integrate artificial intelligence technologies more effectively. The move…
Amazon Pushes Ahead With Satellite Internet Expansion Despite Rocket Launch Setbacks
Amazon is pressing forward with its ambitious satellite internet expansion plans, even as rocket shortages and launch setbacks continue to challenge its timeline. The tech giant is working to build…
Meta Launches Pocket AI Gaming App, Letting Users Create Games with Simple Text Prompts
Meta has quietly expanded its presence in the artificial intelligence space with the launch of Pocket, a new app that allows users to create small interactive games and applications simply…
UAE Oil Pricing Strategy Shifts Toward Dubai Benchmark to Strengthen Grip on Asian Markets
The United Arab Emirates is making a bold move to strengthen its foothold in Asia’s energy market by overhauling the way it prices some of its most important crude oil…
Shell, Nigerian Banks Launch $3bn Oil Contractor Finance Scheme to Boost Local Content
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has joined forces with nine major Nigerian banks to unveil a $3 billion contract finance facility aimed at easing funding challenges faced…
Afreximbank Urges Nigeria, African Nations to End Lithium Exports and Build EV Battery Industry
African Export-Import Bank (Afreximbank) President and Chairman of the Board, Dr. George Elombi, has called on Nigeria and other African nations to halt the export of lithium, a critical mineral…
US-Nigeria Trade Surges to $15 Billion as America Deepens Economic and Security Partnership
The United States has reaffirmed its commitment to strengthening ties with Nigeria after bilateral trade between both countries climbed to nearly $15 billion in 2025, marking a 14 percent increase…
African Startup Funding Rebounds as Ventures Attract $3.9bn in Fresh Investment
Africa’s technology ecosystem is showing renewed strength as startups across the continent raised an impressive $3.9 billion through 506 deals in 2025, according to a new report by Bloomwit Africa.…