Dangote Refinery Targets 100% Nigerian Crude by Year-End in Energy Sector Milestone
Dangote Industries Limited has announced plans to fully switch its massive 650,000 barrels-per-day refinery to use only Nigerian crude oil…
Day: July 8, 2025
CBN Rolls Out Stricter Loan Reporting Rules to Boost Transparency in Banks
The Central Bank of Nigeria (CBN) has introduced new guidelines to enhance credit reporting standards among commercial banks. The move…
T-Bill Undersubscriptions Expected to Continue as Investors Seek Higher Yields – Databank Research
Investor interest in Treasury Bills (T-bills) continues to wane, with market analysts predicting further under-subscriptions in the weeks ahead. This…
Nigeria and South Africa Boost Intra-African Trade to $220.3 Billion in 2024
Intra-African trade rose significantly by 12.4% in 2024 to reach $220.3 billion, up from $196.04 billion in 2023, according to…
Boosting Agricultural Investment Key to Fighting Nigeria’s Inflation – Economist Oluwole
Dumebi Oluwole, a prominent Nigerian economist and Team Lead of the Country Risk Team at Stears, has emphasized that Nigeria’s…
European Markets Climb as Investors Await U.S. Trade Moves; Mergers and Energy Shifts Also in Focus
European stocks ended Monday’s trading session mostly higher as investors looked ahead to potential U.S. trade deal announcements. The Stoxx…
NGX Chairman Deepens Capital Market Collaboration with Dubai Financial Market
In a significant step toward enhancing cross-border market integration, the Chairman of Nigerian Exchange Group (NGX) and CEO of Petralon…
NCC To Spotlight Mobile Virtual Network Investment, Growth Potential At Forum
The Nigerian Communications Commission (NCC) will headline the sixth edition of the Telecom Sector Sustainability Forum (TSSF 6.0), focusing on…
Australia Holds Interest Rate Steady at 3.85% Amid Inflation Uncertainty
In a surprise move, the Reserve Bank of Australia (RBA) kept its policy interest rate unchanged at 3.85% on Tuesday,…
Apple Appeals $587M EU Antitrust Fine Over App Store Restrictions
Apple has officially taken legal action against a €500 million ($587 million) antitrust fine imposed by the European Commission, filing…
Tinubu’s Tax Reforms Set Stage for Nigeria’s Economic Revival — IMPI
The Independent Media and Policy Initiative (IMPI) has hailed President Bola Tinubu’s new tax reforms as a landmark in Nigeria’s…
FGN Opens July Savings Bonds with Up to 16.76% Interest Amid Stable Monetary Climate
The Debt Management Office (DMO) has commenced the subscription window for the July 2025 issuance of the Federal Government of…
European Markets Stall as Trump’s Tariff Threats Stir Global Trade Uncertainty
European shares remained largely unchanged on Tuesday, as investors weighed the potential impact of fresh tariff threats from U.S. President…
China Warns Trump Against Tariff Hikes, Threatens Retaliation on Supply Chain Deals
In a sharp warning to former U.S. President Donald Trump, China on Tuesday cautioned against reigniting trade tensions by reinstating…
Seven Nigerian Banks Face ₦965bn Recapitalisation Gap Ahead of CBN Deadline
Seven Nigerian commercial banks—Fidelity Bank, FCMB, GTCO, UBA, First Bank Holding (FirstHoldco), Sterling Bank, and Stanbic IBTC—are under pressure to…
Naira Gains Slightly as Banks Resume International Use of Naira Cards
The Nigerian naira saw a modest appreciation on Monday across both the official and parallel foreign exchange markets following the…
Trump Slaps Nigeria With 10% Tariff Over BRICS Ties Amid Growing Global Trade Tensions
U.S. President Donald Trump has announced a 10% tariff on Nigeria in response to the country’s recent alignment with BRICS,…
CBN Temporarily Lifts Cap on Tier-1 Capital to Boost Bank Resilience Until March 2026
The Central Bank of Nigeria (CBN) has announced a temporary removal of caps on the recognition of Additional Tier-1 (AT1)…
Ghana Secures $370M IMF Boost After Fourth Review Approval
Ghana has received a significant financial boost as the International Monetary Fund (IMF) approved the country’s fourth review under the…
Nigerian Stock Market Begins Week Strong with N193bn Gain Amid Renewed Investor Confidence
The Nigerian Exchange Limited (NGX) opened the week on a bullish note, recording a gain of N193 billion in market…
CBN Orders Banks to Submit Capital Restoration Plans as Forbearance Regime Winds Down
The Central Bank of Nigeria (CBN) has mandated all affected banks to submit detailed capital restoration plans as part of…