Five vessels to deliver 154m litres of imported petrol
Nigeria’s fuel supply is set for another major boost as five vessels carrying approximately 154.2 million litres of imported Premium…
Day: July 28, 2026
Africa’s Oil Investment Shifts as Nigeria, Egypt, Angola, Algeria and Libya Still Dominate — IEA Report
Africa’s upstream oil and gas sector remains heavily dependent on five major producers—Nigeria, Algeria, Angola, Egypt, and Libya—even as investment…
India’s Economic Growth Faces Slowdown as Rising Oil Prices Shake GDP Outlook
India’s economic growth is expected to lose momentum in the current fiscal year as soaring global oil prices and sluggish…
Oil price falls to $90/barrel as US, Iran pause attacks
Oil prices recorded a sharp decline on Monday after the United States and Iran reportedly agreed to suspend military attacks,…
Nigeria Secures $4.5 Billion in Fresh Energy Investments
Nigeria has attracted more than $4.5 billion in fresh energy investment commitments, marking a major boost for the country’s oil…
Cash outside banks hits seven-month low, drops by N485.80 billion in 2026
Nigeria’s banking sector recorded a significant milestone in June 2026 as cash held outside banks dropped to N4.92 trillion, the…
Investors gain N74.1tr in one year as market value surges by 87%
Nigeria’s stock market has delivered one of its strongest performances in recent history, with investors gaining an impressive ₦74.1 trillion…
Tinubu sounds alarm as Africa’s food import bill hits $122.9bn
President Bola Tinubu has sounded the alarm over Africa’s growing dependence on imported food, urging governments across the continent to…
Businesses Fault U.S. Tariff, Seek Urgent FG Action
The Organised Private Sector (OPS) has expressed growing concern over the United States’ decision to impose a 12.5 per cent…
Nigerian Stock Market Slips Again as Profit-Taking Extends Losing Streak
The Nigerian equities market extended its losing streak on Monday as investors continued to lock in profits from last week’s…
IMF Sounds Alarm on AI Risks, Calls for Stronger Financial Oversight
Artificial intelligence is rapidly transforming the global financial system, but the International Monetary Fund (IMF) says regulators must act faster…
CBN directive drives investment in data centres
Nigeria’s digital economy is set for a major boost following the Central Bank of Nigeria’s (CBN) directive requiring all payment…
Anthropic CEO Clarifies AI Stance, Warns Bigger Threat Lies in China’s AI Ambitions
As the global debate over artificial intelligence continues to intensify, Anthropic CEO Dario Amodei has moved to clear the air…
Stock market opens week with N77bn decline
The Nigerian stock market began the new trading week on a weaker footing as investors recorded a combined loss of…
China’s Nigeria Investment Falls Despite $20bn Pledge
Despite a high-profile pledge of more than $20 billion in investment commitments, capital inflows from China into Nigeria have dropped…
Nigeria’s FX Market Hits Record $4.4 Billion Turnover
Nigeria’s foreign exchange market has reached a historic milestone, recording its highest weekly turnover of 2026 as trading activity surged…
Nigeria’s manufacturers say they are sinking, with no relief in sight
Nigeria’s manufacturing sector is facing one of its toughest periods in recent years as soaring production costs, expensive energy, and…