Nigerian Stock Market Loses N800 Billion as NGX Index Falls 0.5% Despite Strong Investor Activity
Trading on the Nigerian Exchange (NGX) ended on a bearish note on Wednesday as investors lost approximately N800 billion in…
Month: July 2026
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 six weeks,…
CBN Holds Interest Rate at 26.5% as Economists Push for Cuts to Ease Borrowing Costs
The Central Bank of Nigeria (CBN) has once again kept its benchmark interest rate at 26.5%, a decision that continues…
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 significant increase in bilateral trade…
Google Cloud Revenue Surges 82% as AI Adoption Drives Alphabet’s Strongest Growth Yet
Google has delivered a strong response to concerns over its massive artificial intelligence spending, posting impressive earnings that highlight the…
Nigeria’s Money Supply Climbs to N133.25 Trillion Despite High Interest Rate Regime
Nigeria’s broad money supply surged to N133.25 trillion in June 2026, highlighting continued liquidity growth in the economy despite the…
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 after a…
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 strengthens its foothold…
CBN Explains N100, N200 Note Scarcity as Digital Payments Gain Ground in Nigeria
The Central Bank of Nigeria (CBN) has attributed the growing scarcity of N100 and N200 notes across the country to…
NCC Calls for Stronger African Telecom Regulation Through Data-Driven Collaboration
The Nigerian Communications Commission (NCC) has called on telecommunications regulators across Africa to strengthen cooperation and build a robust network…
Nigeria’s FX Reserves Climb to $52.5bn as Crude Oil Tax Revenue Boosts External Buffers
Nigeria’s foreign exchange reserves have recorded a significant increase, reaching $52.52 billion as of July 17, 2026, according to the…
NGX Gains N307bn as Investor Demand Pushes Market Capitalisation Above N159tn
The Nigerian Exchange (NGX) extended its winning streak on Tuesday, adding a remarkable N307 billion to investors’ wealth as renewed…
Stock Futures Slip as Oil Prices Surge Ahead of Major Tech Earnings Reports
Wall Street is facing renewed pressure as stock futures edged lower early Wednesday while oil prices climbed sharply, adding fresh…
Financial stability remains foundation for growth – Oyedele
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has stressed that financial stability remains the cornerstone…
CBN Holds Interest Rate at 26.5% as Businesses Back Cautious Approach Amid Global Uncertainty
Nigeria’s business community and leading economists have thrown their support behind the Central Bank of Nigeria’s decision to maintain the…
Outgoing British High Commissioner Hails Tinubu’s Economic Reforms
As his tenure in Nigeria draws to a close, outgoing British High Commissioner Richard Montgomery has thrown his weight behind…
Tinubu’s Economic Reforms Laying Foundation for Nigeria’s Long-Term Growth, Says Information Minister
Nigeria’s Minister of Information and National Orientation, Mohammed Idris, has expressed confidence that President Bola Tinubu’s economic reforms are positioning…
China’s Oil Buying Strategy Could Be the Biggest Driver of Global Crude Prices in 2026
China’s next move in the oil market is rapidly becoming one of the most closely watched factors shaping global energy…
IMF Says AI Could Boost Sub-Saharan Africa’s Economy by 4% in the Next Decade
Artificial intelligence could become a major driver of economic growth across Sub-Saharan Africa, with the International Monetary Fund (IMF) estimating…
AI-Powered Entertainment Apps Are Merging Into One Digital Hub for Everything
The race for entertainment dominance is entering a new phase as major platforms like Netflix, Spotify, YouTube, and TikTok increasingly…
FG Moves to Harmonise Digital Regulations, Raising Hopes for Nigeria’s Economic Growth
Nigeria’s digital economy may be on the verge of a major transformation as the Federal Government takes steps to streamline…
IMF Warns Africa Could Miss AI Economic Boom Without Major Investments in Power and Internet
Africa could miss out on the transformative economic benefits of artificial intelligence unless governments urgently address long-standing challenges in electricity…
Nigeria’s Oil Revenue Surges as Higher Crude Prices and Pipeline Security Boost Economic Outlook
Nigeria is poised to benefit from a fresh wave of oil-driven revenue growth as global crude prices continue to climb…
Industrial Stocks Pull NGX Lower Despite Banking Rally and Easing Inflation
Nigeria’s stock market ended the week on a cautious note as losses in industrial stocks overshadowed a strong rally in…
OpenAI AI Models Breach Hugging Face During Cybersecurity Test, Raising New AI Safety Concerns
The artificial intelligence industry has been shaken by a surprising security incident after OpenAI confirmed that some of its advanced…
External reserves cross $52 billion, surpass CBN’s 2026 forecast
Nigeria’s external reserves have crossed the $52 billion mark for the first time in more than 17 years, surpassing the…
Investors shun 13 out of 50 oil blocks. NUPRC Plans fresh bid
Nigeria’s oil and gas sector recorded a mixed outcome in the 2025 Licensing Round as investors declined to bid for…
FG Launches N729bn Power Sector Bond to Clear GenCo Debts and Boost Electricity Reforms
The Federal Government has unveiled a N729 billion Series 2 Power Sector Bond aimed at settling outstanding debts owed to…
CBN Governor Cardoso Warns Global Economic Shocks May Delay Nigeria’s Single-Digit Inflation Goal
Nigeria’s journey toward achieving single-digit inflation may take longer than expected as persistent global economic shocks continue to put pressure…