CBN Holds Interest Rate at 26.50%: What It Means for Mutual Funds, Pension Returns and Investors
The Central Bank of Nigeria (CBN) has maintained its Monetary Policy Rate (MPR) at 26.50%, a decision that is expected…
Day: May 21, 2026
One Market, One Future: Reframing Africa’s Economic Potential
Africa’s economic future may depend less on the strength of individual countries and more on the continent’s ability to operate…
Europe Markets Rise as Eutelsat Surges 12% Amid SpaceX Rivalry and Geopolitical Tension
European stock markets edged slightly higher on Thursday as investors balanced optimism in the tech and aerospace sector with concerns…
Naira Strengthens Against Euro as CBN Holds Interest Rate at 26.5% Amid Economic Reforms
The Nigerian Naira has recorded a notable gain against the Euro, strengthening by about 5.4% since the start of the…
Europe Needs €475 Billion 5G Investment to Close Digital Gap as Global Leaders Pull Ahead
Europe’s ambition to become a global digital leader is facing a major financial reality check, as new analysis from GSMA…
Seplat Energy Targets $1bn Dividend Payout as Production Goal Hits 200,000 Barrels Per Day
Seplat Energy has set an ambitious goal to reward its shareholders with a $1 billion dividend payout within the next…
NGX Market Capitalisation Drops by N1.6 Trillion as Blue-Chip Selloff Hits Nigerian Stock Market
The Nigerian equities market ended trading on a negative note as investors pulled out of major stocks, wiping out about…
Nigeria-UK Trade Hits £7.6bn as Crude Oil Exports Strengthen Economic Ties in 2025
Nigeria’s trade relationship with the United Kingdom recorded a major boost in 2025, reaching a total value of £7.6bn, largely…
World Bank Group Targets $23bn Private Capital Push to Power Africa’s Jobs and Infrastructure Growth
The World Bank Group has announced an ambitious plan to mobilise around $23 billion in private capital for Africa, in…
Oil Prices Slip to $105 as US–Iran Peace Talks Ease Middle East Tensions
Global oil prices slipped on Wednesday as Brent crude fell to $105 per barrel, reflecting growing optimism over ongoing peace…
SpaceX IPO Filing Reveals $1.75T Ambition and AI Push
SpaceX, the aerospace giant founded by Elon Musk over two decades ago, has officially released its long-awaited IPO filing, setting…
Dangote Refinery Expands Jet Fuel Exports Across Europe as Global Supply Tightens
Nigeria’s Dangote Refinery is rapidly strengthening its footprint in the global aviation fuel market, with fresh data showing a major…
CBN Interventions Drop Below 2% as FX Market Deepens, Says Cardoso
The Central Bank of Nigeria (CBN) has stated that its direct involvement in the foreign exchange market has significantly reduced,…
CBN Retains Interest Rate at 26.5% as External Shocks Drive Inflation Pressure in Nigeria
The Central Bank of Nigeria (CBN) has maintained its benchmark interest rate at 26.5 percent, following its latest Monetary Policy…
Insurance Firms Double Tax Payments to N15.2bn Despite 15% Drop in Profit Before Tax
Nigeria’s insurance sector recorded a significant rise in tax contributions in 2025, with 11 major insurance companies paying a combined…
Dangote Refinery Eyes $2bn Private Investment Drive Ahead of Landmark IPO
Nigeria’s biggest industrial project, the Dangote Refinery, is attracting strong investor interest ahead of its planned initial public offering (IPO),…
Nigeria’s ginger export crashes from N26 billion to zero in three years
Nigeria’s ambition to expand non-oil exports has suffered a major setback after the country’s ginger export earnings plunged from N26.2…
Nigeria builds unicorns, Wall Street takes the wealth
Nigeria has emerged as Africa’s leading technology powerhouse, producing some of the continent’s most valuable startups and attracting billions of…