NGX Closes August Strong as ASI Jumps 1.20%, Investors Eye September Rally
The Nigerian Exchange Limited (NGX) ended August on a strong note as renewed buying interest pushed the All-Share Index (ASI)…
Year: 2026
CBN to Offer N700bn Treasury Bills in September’s First Auction
The Central Bank of Nigeria (CBN) is set to offer N700 billion worth of Nigerian Treasury Bills (NTBs) in its…
SEC Proposes N5bn Capital Requirement, Tightens Rules for Online Forex Trading
The Securities and Exchange Commission (SEC) has proposed tougher rules for online forex and contracts for difference (CFD) trading in…
Dow Falls 374 Points as U.S.-Iran Strikes Rattle Markets, But Wall Street Ends August Higher
The Dow Jones Industrial Average fell sharply on Monday as renewed military strikes between the United States and Iran sent…
Ventures Platform Raises $84m as Investors Double Down on African Startups
Ventures Platform has secured $84 million in fresh funding for its second institutional fund, surpassing its initial $75 million target…
Nigeria’s Private Sector Activity Hits 7-Month Growth Streak as New Orders Reach 12-Month High
Nigeria’s private sector activity gained fresh momentum in August as stronger customer demand and new product launches pushed new orders…
Forex Utilisation in Nigeria Jumps 74% to $16.35bn in Q1 2026
Foreign exchange utilisation in Nigeria surged by 74 per cent year-on-year to $16.35 billion in the first quarter of 2026,…
WIOCC Secures $300 Million Investment to Expand Africa’s Digital Infrastructure
WIOCC Group has secured a $300 million investment from the Africa Finance Corporation (AFC) and Vision International Investment Company (Vision…
Africa’s Next Investment Boom Shifts Beyond Fintech as Cleantech Gains Ground
Africa’s technology investment story is beginning to change, with investors increasingly looking beyond fintech for opportunities in sectors addressing the…
Nigeria’s Power Reforms Could Strengthen Energy Security, Attract Investment — Minister
Nigeria’s ongoing power sector reforms could offer a blueprint for developing economies seeking to strengthen energy security and attract long-term…
Nigeria Targets $1 Trillion Economy by 2030 as GDP Growth Hits 4.43%
Nigeria is strengthening its push towards a $1 trillion economy by 2030, with the Federal Government pointing to stronger economic…
Global Bond Markets Near $100 Trillion as Government Borrowing Surges
The global bond markets are closing in on a historic $100 trillion milestone, highlighting just how heavily governments around the…
Private Sector Credit Hits N83.43 Trillion as Nigerian Businesses Borrow More
Private sector credit in Nigeria climbed to N83.43 trillion in July 2026, as businesses and other private-sector borrowers increased their…
NNPC Profit Falls 47.9% to N279 Billion in July as Oil, Gas Output Drops
The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a sharp decline in profitability in July 2026, with profit after…
Oil Price Surges Above $94 as US-Iran Conflict Raises Strait of Hormuz Fears
Oil prices surged above $94 a barrel on Tuesday as the escalating conflict between the United States and Iran sparked…
Nigeria Targets Indigenous AI Capacity as Tinubu Government Pushes for $1tn Economy
Nigeria is stepping up efforts to build indigenous AI capacity as the Federal Government looks to use technology, digital infrastructure…
Hormuz Shipping Traffic Slumps as U.S.-Iran Strikes Send Oil Prices Higher
The Strait of Hormuz shipping traffic has dropped sharply as escalating tensions between the United States and Iran continue to…
OpenAI Set to Release Astra AI Model With Advanced Cybersecurity Capabilities
OpenAI is preparing to release Astra, a new artificial intelligence model with powerful cybersecurity capabilities that can identify and exploit…
Hedge Funds Flood CBN OMO Bills as Effective Yields Top 21%
Hedge funds and other yield-hungry investors are piling into Central Bank of Nigeria (CBN) Open Market Operations (OMO) bills, attracted…
August Stock Market: Haldane McCall, Access Holdings Lead Top Gainers as NGX Slips 0.44%
The Nigerian stock market ended August 2026 on a mixed note as the NGX All-Share Index (ASI) fell by 0.44%,…
Tony Elumelu’s Seplat Stake Hits N1.48 Trillion as Shares Surge
Tony Elumelu’s stake in Seplat Energy Plc has climbed to approximately N1.48 trillion ($1.28 billion), as the energy company’s share…
Electricity Subsidy Bill Hits N1.92trn in 2025 as FG Absorbs Tariff Gap — NERC
Nigeria’s electricity subsidy bill climbed to N1.928 trillion in 2025, as the Federal Government continued to absorb the widening gap…
Dangote Moves to Buy Ships as Nigeria’s Vessel Shortage Threatens Cement Exports
Dangote Industries Limited is considering buying its own cargo ships after struggling to find a vessel capable of moving just…
Nigerian Stocks Rebound as Investors Brace for High-Volatility September
Nigerian stocks staged a strong recovery toward the end of August, clawing back losses from a two-week decline as renewed…
MTN, Airtel Drive Nigeria’s Telecoms Growth to 10.38% as Sector Contributes N5.2tn to GDP
Nigeria’s telecommunications sector is becoming an increasingly important engine of economic growth, with the industry recording a 10.38% year-on-year increase…
Gas Group Targets NGX Listing as It Unveils Major Energy Expansion Plan
Gas Group Plc is preparing to list its existing ordinary shares on the main board of the Nigerian Exchange Limited…
CBN Targets N700bn From September Treasury Bills Auction
The Central Bank of Nigeria is set to return to the domestic debt market on Wednesday, September 2, with a…
Nigeria’s FX Spot Market Hits Record $5.01bn as Weekly Turnover Surges 155%
Nigeria’s foreign exchange market has recorded a major surge in activity, with the Nigeria FX spot market crossing the $5bn…
Apple Unveils ‘Shocking Evidence’ in OpenAI Trade Secret Dispute
Apple has presented what it describes as “shocking evidence” in its ongoing legal battle with OpenAI, accusing a former employee…
Nigeria’s FX Turnover Falls 48.7% to $2.71bn in One Week
Nigeria’s foreign exchange market recorded a sharp drop in trading activity as FX turnover fell 48.7 per cent week-on-week to…