Nigerian Stock Market Surges by N3.2trn as Investors Return, Market Cap Hits N147trn
The Nigerian stock market recorded a strong recovery on Wednesday, gaining N3.204 trillion in market capitalisation as renewed investor confidence…
Day: April 29, 2026
East Africa Attracts $4.1bn Investment as Reforms Drive Capital Surge Across Kenya, Uganda, Rwanda
East Africa has recorded a major boost in investor confidence, attracting about US$4.1bn in investments between 2021 and 2025. The…
BII Targets £9 Billion Investment Push to Boost Nigeria and African Economies
The British International Investment (BII), the United Kingdom’s development finance institution and impact investor, has announced a new five-year strategy…
Cooking Gas Prices in Nigeria Rise as 5kg Hits N7,655 Amid March 2026 Inflation Pressure
Cooking gas prices in Nigeria recorded another sharp increase in March 2026, placing additional pressure on households already struggling with…
Oil Supply Shock: Strait of Hormuz Closure Triggers Historic Crude Crisis and Global Economic Risk
The global oil market is facing what analysts are calling the most severe supply shock in history, after the prolonged…
AI Reduces Nigeria Media Traffic by 26% as News Consumption Shifts – Report Reveals
Nigeria’s digital media industry has recorded a significant shift, with audience traffic falling sharply by 26.2% in 2025. This development…
UK-Nigeria Tech Hub Launches Creative Fund to Boost Film, Fashion and Music Industries in Nigeria
The UK-Nigeria Tech Hub has officially launched a Creative Fund aimed at strengthening Nigeria’s fast-growing creative sector, particularly in film,…
OpenAI Expands to Amazon Web Services After Ending Microsoft Cloud Exclusivity
OpenAI has officially expanded its reach into Amazon’s cloud ecosystem, making its generative AI models available on Amazon Web Services…
Why Mobile Internet Alone Can’t Power Nigeria’s Digital Future – NCC, Experts Warn
Nigeria’s telecom space is increasingly shifting from familiar consumer frustrations over airtime disputes and service complaints to a deeper structural…
Nigeria records surge in foreign currency tax receipts to N6.33 trillion
Nigeria recorded a significant rise in foreign currency-denominated tax collections in 2025, as total receipts climbed to N6.33 trillion. According…
NUPRC Board Resumes Duties, Pledges Oil Sector Reforms Amid Global Energy Uncertainty
The newly inaugurated board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially resumed duties, pledging to drive key…
Inefficient Refineries Should Be Phased Out to Boost Energy Efficiency – Dangote Refinery CEO
The Managing Director and Chief Executive Officer of Dangote Petroleum Refinery, David Bird, has called for the gradual shutdown of…
Foreign Currency Tax Revenue Hits N6.33tn as Naira Volatility Reshapes Nigeria’s Tax Base
Nigeria’s tax system saw a major shift in 2025 as foreign currency-denominated tax receipts climbed to N6.33tn, reflecting rising exposure…
Nigeria, Ghana Lead African Small-Cap Stock Rally as Investors Chase Record Returns in 2026 Market Boom
African equities are experiencing a powerful shift in 2026, as small-cap stocks take centre stage in driving market growth across…
NNPC Hikes Oil Prices Amid US-Iran War as Global Crude Surges
Nigeria’s oil sector has seen a sharp shift as the Nigerian National Petroleum Company Limited (NNPC) increased the official selling…
NGX Sees 107.7% Surge in Foreign Investment to N288.82bn as Investor Confidence Strengthens in March 2026
Foreign investor participation on the Nigerian Exchange Limited (NGX) recorded a significant rebound in March 2026, jumping by 107.74% month-on-month…
VFD Group Reports N5.1 Billion Q1 2026 Profit as Investment Income and Other Gains Surge
VFD Group Plc has kicked off 2026 on a strong note, reporting a pretax profit of N5.1 billion for the…
Naira Weakens to N1,383/$ as External Reserves Drop Deepens FX Pressure
The Nigerian naira continued its downward slide on Tuesday, closing at N1,383 against the US dollar, as pressure intensified in…
European Stocks Slip as UAE OPEC Exit Clouds Global Oil Supply Outlook
European markets opened slightly lower on Wednesday, as investors reacted to a mix of corporate earnings and the unexpected decision…