Oil Prices Surge Above $90 as Iran Tensions Spark Fresh Global Supply Fears
Global oil prices rallied above the $90-per-barrel mark on Wednesday as escalating military tensions in the Middle East reignited fears…
Month: July 2026
Nigeria risks missing AI revolution, World Bank economist warns
Nigeria could miss out on one of the biggest technological transformations of the century unless it acts quickly to embrace…
Banks Urged to Boost Financial Inclusion and MSME Growth
The Chartered Institute of Bankers of Nigeria (CIBN) and the Association of Corporate Communication and Marketing Professionals in Banks (ACAMB)…
SEC Launches Full E-Registration Platform to Transform Nigeria’s Capital Market
Nigeria’s Securities and Exchange Commission (SEC) has taken a major step toward modernising the country’s capital market with the rollout…
NSE Nears KSh 4Trillion as Market Shrugs Off Biggest Foreign Outflow Since March
The Nairobi Securities Exchange (NSE) is edging closer to a historic KSh 4 trillion market capitalization after another impressive week…
African Businesses Embrace Stablecoins Amid Currency Volatility
Across Africa, businesses are embracing stablecoins as a practical solution to one of the continent’s biggest financial challenges—currency volatility and…
Non-Oil Exports Drive Nigeria’s $71bn FX Inflows
Nigeria’s push to diversify its economy is beginning to pay off, as stronger non-oil exports helped drive autonomous foreign exchange…
CBN Cuts One-Year Treasury Bill Yield as Investor Demand Soars Nearly Sevenfold
The Central Bank of Nigeria (CBN) has lowered the stop rate on its one-year Treasury Bill to 17.35%, following overwhelming…
Microsoft Takes on OpenAI and Anthropic as AI Battle Enters a New Era
Microsoft has made its boldest move yet in the race for artificial intelligence, signaling that it is no longer just…
Fraud Watchlist Surges 38% as Nigerian Banks Flag Over 13,000 BVNs in 2025
Nigeria’s banking industry has intensified its fight against financial fraud, with the number of Bank Verification Numbers (BVNs) placed on…
Nigerian Pension Funds Lose N624 Billion in June as Stock Market Slump Shrinks Retirement Savings
Nigeria’s pension industry recorded a significant setback in June 2026 after a sharp decline in the stock market wiped approximately…
Nigeria’s consumer credit falls to N3.8 trillion, first decline in six years
Nigeria’s consumer credit recorded its first annual decline in six years, falling to ₦3.78 trillion in 2025 from ₦4.72 trillion…
FG Exceeds Borrowing Target by ₦4.79tn as Revenue Shortfall Deepens Nigeria’s Fiscal Crisis
Nigeria’s fiscal challenges have come into sharper focus after the Federal Government exceeded its 2024 borrowing target by a staggering…
Reps applaud SEC’s fiscal reforms, revenue growth
The House of Representatives has applauded the Securities and Exchange Commission (SEC) for strengthening its financial position through disciplined spending…
Firm raises N4.05b in first tranche of N20b bond programme
Dimension Data Limited has successfully secured ₦4.05 billion through the first tranche of its ₦20 billion corporate bond programme, marking…
Champion’s H1 revenue hits N35.73 billion on EnjoyBev acquisition
Champion Breweries Plc has recorded an impressive first-half revenue of N35.73 billion for 2026, marking a major milestone in the…
Partnerships Key To Nigeria’s Industrial Energy Growth
Strategic partnerships are becoming increasingly important in shaping Nigeria’s industrial future, and leading gas and power company Axxela believes collaboration…
Nigerians Cut Petrol Use by 22% as Pump Prices Nearly Doubled in H1—Marketers
The sharp rise in petrol prices across Nigeria has significantly changed consumer spending habits, with millions of Nigerians cutting back…
FG launches digital portal to end fragmented access to government services
The Federal Government has taken a major step toward modernizing public service delivery with the launch of the Government Service…
Jim Cramer says Wall Street is fleeing the AI trade and buying these stocks instead
The stock market may be entering a new phase as investors begin shifting their attention away from some of this…
Morocco Partners with Vertiv to Boost AI, Cloud Computing and Digital Infrastructure Under Digital Morocco 2030
Morocco has taken a significant leap toward becoming one of Africa’s leading digital economies after signing a strategic partnership with…
Africa Prudential reaffirms H1 growth, digital strategy
Africa Prudential Plc has reinforced investor confidence after announcing an impressive financial performance for the first half of 2026, highlighting…
Nigeria’s Net Foreign Liabilities Rise to $90.2bn
Nigeria’s net foreign liabilities climbed sharply to $90.2 billion in 2025, reflecting the country’s growing dependence on foreign capital despite…
Oil Prices Surge on Fresh Middle East Strikes and API Crude Draw
Oil prices staged a strong comeback on Wednesday, reversing much of the previous day’s losses as fresh military tensions in…
Sam Altman Calls for Slower AI Development
Sam Altman, the Chief Executive Officer of OpenAI, has suggested that the artificial intelligence industry may need to reduce the…
Nigeria’s 2026 VAT Reform: How the New Consumption-Based Formula Could Reshape State Revenue
Nigeria’s tax landscape is entering a new era as the Nigeria 2026 VAT reform introduces a major change in how…
S&P Global to acquire majority stake in Agusto & Co. in landmark deal
S&P Global has announced plans to acquire a majority stake in Agusto & Co., Nigeria’s pioneering credit rating agency, in…
Oil Falls Below $84 on US-Iran Peace Hopes
Global oil prices recorded a sharp decline on Tuesday after renewed diplomatic efforts between the United States and Iran raised…
Insurance stocks rescue NGX as investors recover N481 billion
The Nigerian Exchange (NGX) staged an impressive recovery on Tuesday, July 28, 2026, as investors added approximately ₦481.18 billion to…
CBN: Nigeria’s FX inflows hit $109.9 billion as autonomous sources drive growth
Nigeria’s foreign exchange (FX) inflows recorded a significant boost in 2025, reaching $109.86 billion, according to the Central Bank of…