Dangote Refinery Slashes Petrol Prices, Says Marketers’ Reductions Followed Its Lead
Dangote Petroleum Refinery has clarified that its recent reduction in petrol gantry and coastal prices prompted the subsequent drop in…
Month: November 2025
Lagos State’s N200bn Bond Oversubscribed by 55%, Signaling Strong Investor Confidence
Lagos State’s N200 billion bond has been oversubscribed by an impressive 55%, reflecting strong confidence from domestic investors. The record-breaking…
Tinubu Champions Faster Borders and Local-Currency Trade to Boost Africa’s Economy
President Bola Ahmed Tinubu has stressed that Africa’s economic success will be measured not by lofty declarations but by tangible…
Nigeria’s Bonds and Treasury Bills Rally as N6.17 Trillion Liquidity Boost Drives Yields Down
Nigeria’s fixed-income market witnessed a strong rally last week as excess liquidity of N6.17 trillion triggered a significant fall in…
Nigeria Economic Growth Outlook Brightens as Business Activity Strengthens
Nigeria’s economy is showing signs of recovery as it heads into 2026, driven by stronger business momentum, easing inflation, and…
Nigeria’s Inflation Hits Three-Year Low at 16.05% Amid Persistent Cost-of-Living Challenges
Nigeria’s inflation rate eased to 16.05% in October 2025, marking the lowest level in three years and eight months, according…
Nigeria’s Trade with Africa Surges 14% as Regional Ties Strengthen
Nigeria’s trade with other African countries has grown by 14% in the first half of 2025, highlighting the impact of…
FX Trading Slumps 30% in Nigeria Amid Dollar Supply Crunch and Market Caution
Nigeria’s foreign exchange (FX) market experienced a sharp slowdown last week, with total trading turnover plunging by more than 30%,…
European Markets Slide as Fresh AI Concerns Shake Global Investor Confidence
European markets are poised for a weak start on Tuesday as global investors pull back amid renewed anxiety surrounding artificial…
Abia strengthens investment appeal, partners bank
Abia State’s investment profile received a major boost as Zenith Bank Plc declared a strong commitment to partner with the…
Nigeria’s FX Inflows Surge as CBN Reforms Boost Investor Confidence
Nigeria is witnessing a notable revival in foreign-exchange inflows as investor confidence gradually returns, following years of policy uncertainty and…
NGX Records Sharp Loss as Investors Shed N1.17tn Amid Renewed Sell Pressure
The Nigerian stock market opened the week on a negative note as renewed sell pressure dragged the All-Share Index down…
61.5% of Nigerian Households Call for Lower Interest Rates by October 2025, CBN Survey Reveals
A recent survey conducted by the Central Bank of Nigeria (CBN) reveals that a significant majority of Nigerian households are…
Emadeb E&P Achieves First Oil Production from Ibom Field, Boosting Nigeria’s Energy Future
Emadeb Exploration and Production Company Limited has successfully recorded its first oil production from the Ibom Field (PPL 236), a…
Amazon Rebrands Satellite Internet as “Leo,” Shifts Focus from Affordability to Commercial Customers
Amazon’s satellite internet initiative, formerly known as Project Kuiper, has officially rebranded as “Leo.” The new name references the network’s…
European Markets Edge Higher as Saab Soars 6% on Colombia Jet Deal
European stocks started the week on a cautiously optimistic note Monday, with most major indices trading in positive territory. The…
Champion Breweries Launches N15.9bn Rights Issue to Fund Bullet Brand Acquisition
Champion Breweries Plc has officially launched a N15.9 billion Rights Issue to existing shareholders, marking a major step in the…
Danish Fintech Flatpay Becomes a $1.75 Billion Unicorn, Targeting SMB Payment Market
Danish fintech startup Flatpay has officially joined the elite club of European fintech unicorns, securing a valuation of $1.75 billion…
Nigerian Stock Market Ends Week Lower Despite Strong Gains in NCR and Aso Savings & Loans
The Nigerian stock market closed the week ended November 14, 2025, in negative territory, losing 2,511.22 points to finish at…
High Clean-Tech Tariffs Threaten Africa’s Renewable Energy Growth, UNCTAD Warns
Africa’s ambitious shift toward 100% renewable energy is at risk due to high tariffs on clean technologies and persistent trade…
FCMB Appoints Oluyinka Johnson as Non-Executive Director to Strengthen Board Diversity and Governance
First City Monument Bank (FCMB) has officially announced the appointment of Ms. Oluyinka Johnson as a Non-Executive Director, following approval…
Nigeria Suspends 15% Fuel Import Duty: Marketers Applaud, Experts Warn of Long-Term Risks
The Federal Government’s decision to suspend the 15% import duty on petrol and diesel has sparked a mix of praise…
Nigeria’s Inflation Expected to Ease Further in October 2025, Analysts Forecast 16.20%–17.76%
Nigeria’s headline inflation is set to fall for the seventh consecutive month in October 2025, with projections ranging between 16.20%…
Trump Buys $82 Million in Bonds Amid Scrutiny Over Investment Portfolio
U.S. President Donald Trump has significantly expanded his investment in bonds, acquiring over $82 million in corporate and municipal debt…
Nigeria’s U.S. Crude Imports Surge 101% in 2025 Amid Local Refinery Shortfalls
Nigeria’s crude oil imports from the United States skyrocketed in the first eight months of 2025, rising 101% compared to…
Nigeria Exits FATF Grey List: Naira Soars as Foreign Reserves Cross $43 Billion
Nigeria’s financial markets have celebrated a major milestone as the country exits the Financial Action Task Force (FATF) grey list,…
SEC and FMBN Partner to Address Nigeria’s Housing Deficit with Non-Interest Mortgages
The Securities and Exchange Commission (SEC) and the Federal Mortgage Bank of Nigeria (FMBN) have launched a strategic partnership to…
COPEC Urges Government to Create Petroleum Reserve Fund to Stabilize Fuel Prices- Ghana
The Chamber of Petroleum Consumers, Ghana (COPEC), has appealed to the government to establish a special petroleum reserve fund aimed…
European Markets Poised for Weak Start as Investors Brace for Economic Uncertainty
European markets look set to begin the new trading week on a downbeat note, with early data pointing to a…
FCMB Group Moves to Expand Share Capital as Capital-Raising Drive Intensifies
FCMB Group Plc has announced plans to seek shareholder approval to increase its share capital, marking another major step in…