Dangote Refinery Raises $2.5 Billion in Africa’s Largest Private Equity Placement
Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has achieved a major financial milestone after…
Daily Archives
July 23, 2026
Oil Giants Return to Nigeria’s Deepwater Fields with Billion-Dollar Investments
Nigeria’s offshore oil industry is witnessing a major revival as international oil companies (IOCs) shift their…
Crude oil nears $100 as renewed Middle East conflict rattles global markets
Global oil markets came under renewed pressure on Thursday as crude oil prices surged close to the $100-per-barrel…
Alphabet Q2 Revenue Surges 24% as AI Fuels Google Cloud and Gemini Growth
Alphabet posted an impressive second-quarter performance, reporting a 24% year-on-year increase in revenue as its…
Global Refiners Are Cutting Out Oil Traders To Buy Venezuelan Crude Directly
Global oil markets are witnessing a major shift as leading refiners increasingly bypass traditional commodity…
FG Launches N729bn Power Sector Bond to Clear Legacy Debts, Boost Electricity…
The Federal Government has launched a N729 billion power sector bond as part of the second phase of its…
France Reaffirms Commitment to Boost Trade and Investment Ties with Nigeria
France has reaffirmed its commitment to strengthening trade and investment ties with Nigeria, highlighting the…
Inflows, FX reforms lift external reserves 58% under Cardoso
Nigeria’s external reserves have recorded a remarkable 58 per cent increase since Olayemi Cardoso assumed office as…
U.S. Stock Futures Slip as AI Spending Concerns and Rising Oil Prices Weigh on…
U.S. stock futures traded lower on Thursday as investors balanced another wave of corporate earnings with growing…
Nigeria bonds: Top issuers paid up to 20% to raise debt in H1 2026
Corporate and government-backed institutions in Nigeria paid as much as 20% in coupon rates to raise funds from the…
Nigerian Stock Market Loses N800bn as Profit-Taking Ends Bullish Rally
The Nigerian stock market suffered a major setback on Wednesday after investors cashed in on recent gains, wiping…
Nigeria’s External Reserves Hit $52 Billion, Surpass CBN’s 2026 Target
Nigeria’s external reserves have climbed above the $52 billion mark for the first time in over 17 years, exceeding…
Nigerian Stock Market Loses N800 Billion as NGX Index Falls 0.5% Despite Strong…
Trading on the Nigerian Exchange (NGX) ended on a bearish note on Wednesday as investors lost approximately N800…
Global Tech Job Cuts Top 156,000 in H1 2026
The global technology industry has witnessed a massive wave of layoffs in the first half of 2026, with more than…
Oil price hits $95 a barrel — highest in six weeks
Global oil prices climbed sharply on Wednesday, with Brent crude reaching $95.11 per barrel, its highest level in…
CBN Holds Interest Rate at 26.5% as Economists Push for Cuts to Ease Borrowing…
The Central Bank of Nigeria (CBN) has once again kept its benchmark interest rate at 26.5%, a decision that…
Nigeria, Germany Strengthen Strategic Partnership as Bilateral Trade Rises by 10%
Nigeria and Germany have reaffirmed their commitment to strengthening diplomatic and economic relations following a…
Google Cloud Revenue Surges 82% as AI Adoption Drives Alphabet’s Strongest Growth…
Google has delivered a strong response to concerns over its massive artificial intelligence spending,…
Nigeria’s Money Supply Climbs to N133.25 Trillion Despite High Interest Rate…
Nigeria’s broad money supply surged to N133.25 trillion in June 2026, highlighting continued liquidity growth in…
Dangote Raises Petrol Ex-Depot Price to N1,215 as Naira Sales Resume
Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit (PMS), commonly known as petrol, in naira…
In Huaxin, Dangote and BUA face a rival powered by Hong Kong capital
Nigeria’s cement industry is entering a new era of competition as Chinese building materials giant Huaxin Cement…