FTSE Russell Delays Nigeria Frontier Market Upgrade Over Concerns About New T+1 Settlement Cycle
Nigeria’s anticipated return to Frontier Market status has hit an unexpected hurdle after global index provider FTSE Russell announced that…
Month: June 2026
Arena Hits $100 Million Revenue Milestone as AI Evaluation Demand Surges
Arena, the widely used AI leaderboard platform that began as a research project at the University of California, Berkeley, has…
WhatsApp Username Feature Set to Boost Privacy by Hiding Phone Numbers
WhatsApp is preparing to launch one of its most significant privacy updates yet, allowing users to communicate without revealing their…
Fuel Pricing Reform Takes Center Stage as FG Moves to Protect Nigerians from Unfair Petrol Costs
The Federal Government has announced fresh efforts to address growing concerns over fuel pricing in Nigeria, assuring citizens that discussions…
AfCFTA Boosts Nigeria’s Intra-African Trade to $9.02bn as Regional Exports Surge 21%
Nigeria’s trade with other African countries recorded a significant leap in 2025, reaching $9.02 billion and marking a 21 per…
Nigeria’s Money Market Set for N500bn Liquidity Boost as OMO Bills Mature
Nigeria’s money market is expected to receive a significant boost this week as approximately N500 billion from maturing Open Market…
Wall Street Ends First Half on a High as Dow Hits Record Close and Stock Futures Edge Higher
Wall Street is preparing to close out the first half of the year on a strong note, with U.S. stock…
Ethiopia Secures Landmark $1 Billion Bond Restructuring Deal as Investor Confidence Rebounds
Ethiopia has taken a major step toward resolving its long-running debt crisis after reaching a preliminary agreement with key bondholders…
Africa’s Digital Future at Stake as Leaders Urged to Take Charge in the AI Era
As artificial intelligence continues to transform industries and economies worldwide, African leaders are being challenged to take a more active…
Nigeria’s Oil Windfall Has an Expiry Date as Experts Warn of Looming Revenue Risks
Nigeria’s recent surge in oil revenue may appear to signal a stronger economic outlook, but analysts are warning that the…
DMO unveils N4 trillion FGN Bond auction plan for Q3 2026
Nigeria’s Debt Management Office (DMO) has announced an ambitious Federal Government of Nigeria (FGN) Bond issuance plan worth approximately N4…
Dangote Eyes Major Tanzania Expansion with Ports, Power Plant and Fertiliser Projects
Tanzania is set for a new wave of industrial and infrastructure development following high-level talks between President Samia Suluhu Hassan…
FEC Approves $2.9 Billion Financing Package to Boost Transport, Agriculture, Power and MSMEs
The Federal Executive Council (FEC) has approved a massive financing package worth approximately $2.96 billion, €200 million and N215 billion…
Flutterwave’s $50bn Milestone Signals a New Era for Africa’s Digital Payments Revolution
Africa’s digital economy is entering a transformative phase, and Flutterwave’s latest milestone is offering a glimpse into just how far…
Nigeria Gas Flaring Rises 8% as Global Waste of Natural Gas Hits Six-Year High
Global gas flaring surged to its highest level in six years in 2025, with Nigeria recording an eight per cent…
Nigerian Stock Market Adds N46.6 Trillion in H1 2026 as Investor Confidence Soars
The Nigerian stock market delivered an exceptional performance in the first half of 2026, with investors gaining a remarkable N46.6…
FG Orders Fuel Marketers to Cut Petrol Prices as Crude Oil Costs Fall
The Federal Government has directed petroleum marketers to reduce the pump price of petrol in line with the recent decline…
NGX Market Crash Wipes Out N2.35 Trillion as MTN, Unilever Lead Massive Selloff
Nigeria’s equities market endured another painful trading session on Monday as investors lost an estimated N2.35 trillion following a broad-based…
US Demand for Nigerian Goods Falls as Trade Deficit Hits N1.63 Trillion in Q1 2026
Nigeria’s trade relationship with the United States took a significant turn in the first quarter of 2026, as demand for…
Analysts Advise Investors to Focus on Strong Stocks as Nigerian Equities Market Faces Fresh Pressure
The Nigerian equities market came under renewed pressure last week as persistent sell-offs wiped billions of naira from investors’ portfolios,…
Nigeria’s Debt Servicing Swallows 72% of Revenue as Analysts Warn of Fiscal Sustainability Risks
Nigeria’s growing debt burden is raising fresh concerns among economic analysts after debt servicing costs consumed nearly 72 per cent…
Economic Reforms Key to Nigeria’s Sustainable Growth, Says NGX Chairman
Nigeria’s journey toward sustainable economic growth depends heavily on the successful implementation of economic reforms and the strengthening of institutions,…
Stock Futures Surge as Tech Stocks Rebound Amid U.S.-Iran Ceasefire Agreement
U.S. stock futures climbed sharply on Monday as investors welcomed signs of renewed strength in technology shares and a temporary…
Nigeria FX Market Turnover Soars 22% in June as Spot and Derivatives Trading Surge
Nigeria’s foreign exchange market closed June on a strong note as trading activity surged sharply in the final week of…
CBN Data Localisation Policy Set to Attract Billions in Digital Infrastructure Investment
Nigeria’s digital economy is poised for a major boost as the Central Bank of Nigeria (CBN)’s new data localisation policy…
Marketers To NNPC: Expedite Action On MoU With Chinese Firms
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Nigerian National Petroleum Company Limited (NNPC Ltd) to…
US Treasury Yields Hold Steady as Investors Await Crucial Jobs Report
U.S. Treasury yields showed little movement on Monday as investors adopted a cautious stance ahead of a series of important…
Exports to US fall by N366bn as imports surge
Nigeria’s trade relationship with the United States took a dramatic turn in the first quarter of 2026 as exports to…
Global Stocks Climb as US-Iran Ceasefire Eases Market Fears, Oil Prices Rebound
Asian stock markets started the week on a positive note as investors welcomed reports that the United States and Iran…
NGX Weekly Turnover Crashes 47% as Investors Pull Back Amid Market Uncertainty
The Nigerian Exchange (NGX) recorded a sharp decline in trading activity last week, with total market turnover falling by 47.18…