Dangote Refinery Raises $2.5 Billion in Africa’s Largest Private Equity Placement
Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has achieved a major financial milestone after successfully raising approximately $2.5 billion through…
Oil Giants Return to Nigeria’s Deepwater Fields with Billion-Dollar Investments
Nigeria’s offshore oil industry is witnessing a major revival as international oil companies (IOCs) shift their attention from troubled onshore…
Crude oil nears $100 as renewed Middle East conflict rattles global markets
Global oil markets came under renewed pressure on Thursday as crude oil prices surged close to the $100-per-barrel mark following…
Alphabet Q2 Revenue Surges 24% as AI Fuels Google Cloud and Gemini Growth
Alphabet posted an impressive second-quarter performance, reporting a 24% year-on-year increase in revenue as its aggressive investment in artificial intelligence…
Global Refiners Are Cutting Out Oil Traders To Buy Venezuelan Crude Directly
Global oil markets are witnessing a major shift as leading refiners increasingly bypass traditional commodity traders to purchase Venezuelan crude…
FG Launches N729bn Power Sector Bond to Clear Legacy Debts, Boost Electricity Investment
The Federal Government has launched a N729 billion power sector bond as part of the second phase of its Presidential…
France Reaffirms Commitment to Boost Trade and Investment Ties with Nigeria
France has reaffirmed its commitment to strengthening trade and investment ties with Nigeria, highlighting the country’s strategic importance as France’s…
Inflows, FX reforms lift external reserves 58% under Cardoso
Nigeria’s external reserves have recorded a remarkable 58 per cent increase since Olayemi Cardoso assumed office as Governor of the…
U.S. Stock Futures Slip as AI Spending Concerns and Rising Oil Prices Weigh on Markets
U.S. stock futures traded lower on Thursday as investors balanced another wave of corporate earnings with growing concerns over artificial…
Nigeria bonds: Top issuers paid up to 20% to raise debt in H1 2026
Corporate and government-backed institutions in Nigeria paid as much as 20% in coupon rates to raise funds from the debt…
Nigerian Stock Market Loses N800bn as Profit-Taking Ends Bullish Rally
The Nigerian stock market suffered a major setback on Wednesday after investors cashed in on recent gains, wiping N800 billion…
Nigeria’s External Reserves Hit $52 Billion, Surpass CBN’s 2026 Target
Nigeria’s external reserves have climbed above the $52 billion mark for the first time in over 17 years, exceeding the…
Nigerian Stock Market Loses N800 Billion as NGX Index Falls 0.5% Despite Strong Investor Activity
Trading on the Nigerian Exchange (NGX) ended on a bearish note on Wednesday as investors lost approximately N800 billion in…
Global Tech Job Cuts Top 156,000 in H1 2026
The global technology industry has witnessed a massive wave of layoffs in the first half of 2026, with more than…
Oil price hits $95 a barrel — highest in six weeks
Global oil prices climbed sharply on Wednesday, with Brent crude reaching $95.11 per barrel, its highest level in six weeks,…
CBN Holds Interest Rate at 26.5% as Economists Push for Cuts to Ease Borrowing Costs
The Central Bank of Nigeria (CBN) has once again kept its benchmark interest rate at 26.5%, a decision that continues…
Nigeria, Germany Strengthen Strategic Partnership as Bilateral Trade Rises by 10%
Nigeria and Germany have reaffirmed their commitment to strengthening diplomatic and economic relations following a significant increase in bilateral trade…
Google Cloud Revenue Surges 82% as AI Adoption Drives Alphabet’s Strongest Growth Yet
Google has delivered a strong response to concerns over its massive artificial intelligence spending, posting impressive earnings that highlight the…
Nigeria’s Money Supply Climbs to N133.25 Trillion Despite High Interest Rate Regime
Nigeria’s broad money supply surged to N133.25 trillion in June 2026, highlighting continued liquidity growth in the economy despite the…
Dangote Raises Petrol Ex-Depot Price to N1,215 as Naira Sales Resume
Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit (PMS), commonly known as petrol, in naira after a…
In Huaxin, Dangote and BUA face a rival powered by Hong Kong capital
Nigeria’s cement industry is entering a new era of competition as Chinese building materials giant Huaxin Cement strengthens its foothold…
CBN Explains N100, N200 Note Scarcity as Digital Payments Gain Ground in Nigeria
The Central Bank of Nigeria (CBN) has attributed the growing scarcity of N100 and N200 notes across the country to…
NCC Calls for Stronger African Telecom Regulation Through Data-Driven Collaboration
The Nigerian Communications Commission (NCC) has called on telecommunications regulators across Africa to strengthen cooperation and build a robust network…
Nigeria’s FX Reserves Climb to $52.5bn as Crude Oil Tax Revenue Boosts External Buffers
Nigeria’s foreign exchange reserves have recorded a significant increase, reaching $52.52 billion as of July 17, 2026, according to the…
NGX Gains N307bn as Investor Demand Pushes Market Capitalisation Above N159tn
The Nigerian Exchange (NGX) extended its winning streak on Tuesday, adding a remarkable N307 billion to investors’ wealth as renewed…
Stock Futures Slip as Oil Prices Surge Ahead of Major Tech Earnings Reports
Wall Street is facing renewed pressure as stock futures edged lower early Wednesday while oil prices climbed sharply, adding fresh…
Financial stability remains foundation for growth – Oyedele
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has stressed that financial stability remains the cornerstone…
CBN Holds Interest Rate at 26.5% as Businesses Back Cautious Approach Amid Global Uncertainty
Nigeria’s business community and leading economists have thrown their support behind the Central Bank of Nigeria’s decision to maintain the…
Outgoing British High Commissioner Hails Tinubu’s Economic Reforms
As his tenure in Nigeria draws to a close, outgoing British High Commissioner Richard Montgomery has thrown his weight behind…
Tinubu’s Economic Reforms Laying Foundation for Nigeria’s Long-Term Growth, Says Information Minister
Nigeria’s Minister of Information and National Orientation, Mohammed Idris, has expressed confidence that President Bola Tinubu’s economic reforms are positioning…