IMF cautions Nigeria on $5bn Abu Dhabi swap deal
The International Monetary Fund (IMF) has urged Nigeria to exercise caution over its proposed $5 billion Total Return Swap (TRS)…
Day: June 9, 2026
West Africa Leads Africa’s Digital Tax Revolution as Nigeria, Ghana, Benin Drive Major Reforms – WATAF
West African countries including Nigeria, Ghana, Benin, and Senegal are taking the lead in reshaping Africa’s tax landscape through bold…
Nigeria Petrol Imports Crash by N2.18 Trillion in Q1 2026 as Local Refining Reshapes Energy Market
Nigeria’s petrol import bill has taken a dramatic nosedive, falling by a staggering N2.18 trillion in the first quarter of…
Nigeria’s Crude Oil Exports Hit N11.2 Trillion in Q1 2026 Despite Market Swings
Nigeria’s crude oil exports climbed to N11.20 trillion in the first quarter of 2026, reinforcing the country’s dependence on oil…
Dangote Named Africa’s Most Admired Brand for 8th Straight Year
Dangote Industries Limited has once again cemented its reputation as Africa’s most admired brand, retaining the top position for the…
Nigeria’s Top Banks Mobilise N137 Trillion in Deposits as Liquidity Strength Deepens (Q1 2026 Banking Report)
Nigeria’s banking sector started 2026 on a strong liquidity footing, with the country’s top 10 banks collectively mobilising an estimated…
OpenAI IPO Filing Signals AI Mega-Race With Anthropic and SpaceX
OpenAI, the creator of ChatGPT, has quietly taken a major step toward becoming a public company by filing confidential paperwork…
NDPC, Meta Launch Two-Year Data Protection Initiative to Boost Privacy Awareness in Nigeria
Nigeria is stepping up its digital safety game as the Nigeria Data Protection Commission (NDPC) has partnered with Meta to…
Nigeria Records ₦7.54 Trillion Trade Surplus in Q1 2026 as Oil Exports Surge (Up 340%)
Nigeria has recorded a massive trade breakthrough in the first quarter of 2026, posting a trade surplus of ₦7.54 trillion,…
Nigeria Raises NTB Offer to N4.8 Trillion as Borrowing Pressure Surges in Q2 2026
Nigeria’s debt market is seeing a sharp shift as the Debt Management Office (DMO) has expanded its Nigerian Treasury Bills…
Nigeria Stock Market Slowdown Linked to New T+1 Settlement Cycle as Foreign Investors Pull Back
Nigeria’s stock market is experiencing a noticeable slowdown just days after the launch of its new T+1 settlement cycle, with…
Nigeria Trade Surplus Hits N7.55 Trillion in Q1 2026 as Oil Exports Drive 340% Surge
Nigeria’s external trade performance opened 2026 on a strong note as the country recorded a massive trade surplus of N7.55…
United Capital Expands into East Africa with Investment Banking Licences in Ethiopia and Rwanda
United Capital has recorded a major breakthrough in its African expansion strategy after securing investment banking licences in both Ethiopia…
Global Stocks Rally as Chip Surge Lifts Markets, South Korea’s Kospi Jumps Over 8%
Global stock markets extended their gains on Tuesday as a strong rebound in semiconductor stocks boosted investor confidence, helping Wall…
Lagos Targets $300 Billion Economy, Strengthens Position as Africa’s Investment Gateway
Lagos State has reaffirmed its position as Africa’s leading investment destination, unveiling ambitious plans to grow its economy to $300…
Nigerian Stocks Add N515 Billion as Bargain Hunting Fuels Strong Market Rebound
Nigeria’s stock market opened the week on a positive note, with investors gaining approximately N514.97 billion on Monday as renewed…