Asian Stocks Slide Amid Trump’s Fed Shakeup and Chip Export Threats
Asian stocks fell on Tuesday as investors reacted to a series of market-altering announcements from US President Donald Trump, including…
Day: August 26, 2025
Nigeria, Brazil Sign Strategic MoU on Science and Technology to Drive Jobs and Industrial Growth
Nigeria and Brazil have entered a landmark Memorandum of Understanding (MoU) to strengthen cooperation in Science, Technology, and Innovation. The…
Nigeria’s Industrialisation at Risk as Manufacturing, Agriculture Sectors Decline Despite GDP Rebasing
Nigeria’s path to industrialisation faces growing threats as manufacturing and agriculture sectors continue to weaken, widening the gap with the…
French Stocks Tumble as Bayrou Faces No-Confidence Threat Amid Budget Clash
French stocks fell sharply on Tuesday as political uncertainty gripped Paris ahead of a critical no-confidence vote next month. The CAC…
13% Derivation Fund Helps Oil-Producing States Slash Domestic Debt by N611bn Despite Rising Criticism
Oil-producing states in Nigeria have cut their combined domestic debt by about N610.84bn between June 2023 and March 2025, thanks…
Stockbrokers Call for Capital Market Reforms to Achieve Nigeria’s $1 Trillion Economy Goal
The Chartered Institute of Stockbrokers (CIS) has urged the Federal Government to implement comprehensive capital market reforms as part of…
Trump Threatens Tariffs on Nations Over Digital Taxes Targeting US Tech Giants
President Donald Trump has warned of imposing additional tariffs and export restrictions on countries that enact laws perceived to target US technology…
Nigeria’s Oil Production Hits Six-Month High at 1.5m bpd, Surpasses OPEC Quota Again
Nigeria’s crude oil production climbed to its highest level in six months in July, marking a strong rebound after early-year…
Meta Expands Africa’s Digital Infrastructure with New Data Centers and 2Africa Cable Investment
Meta is intensifying its efforts to boost Africa’s digital transformation through major investments in data centers and subsea cable projects.…
First Fund Customers Threaten Protest Over GH¢170m Locked Funds After Six-Year Delay-Ghana
Aggrieved investors of First Fund, a scheme formerly managed by the defunct First Banc Financial Services, have issued a two-week…
Ghana Attracts $652 Million in Investments in 2024 Despite 5% FDI Decline
Ghana secured $651.7 million in investments in 2024, reflecting resilience in its investment climate despite a 5% year-on-year dip in…
Banks’ Cash Deposits with CBN Drop 41.6% as Borrowing Hits ₦820bn Amid Tight Liquidity
Nigeria’s banking sector experienced a dramatic liquidity shift last week as commercial banks slashed excess cash deposits with the Central…
US Records $576 Million Trade Surplus with Nigeria in 2025 as Exports Surge, Imports Decline
The United States swung to a $576 million trade surplus with Nigeria in the first half of 2025, marking a sharp turnaround…
Dangote Refinery Fuel Rollout Stalled as FG, Marketers Clash Over CNG Logistics Plan
The planned nationwide rollout of petroleum products by Dangote Petroleum Refinery has hit a major setback following a deadlock between…
Tinubu Secures Petrobras’ Return to Nigeria, Signs Landmark Nigeria–Brazil Trade and Energy Agreements
President Bola Tinubu has announced the imminent return of Brazil’s state-owned oil giant Petrobras to Nigeria, five years after the…
European Markets Set for Lower Open Amid Trump-Fed Clash and French Budget Uncertainty
European stock futures are pointing to a weaker open on Tuesday as investors react to heightened global political tensions. Markets…
NGX Dividend Drought: 45 Companies Go Five Years Without Payouts
Forty-five of the 146 companies listed on the Nigerian Exchange Limited (NGX) have not paid dividends in at least five…
U.S. Trade Surplus with Nigeria Hits $576 Million in 2025 Amid Rising Tariffs
The United States recorded a $576 million trade surplus with Nigeria in the first half of 2025, reversing a $779…