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…
Day: June 30, 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…