Germany’s Energy Demand Drops as Soaring Fuel Prices Slash Oil Consumption
Germany’s energy demand declined by 1.9% during the first half of 2026, as soaring oil and gas prices forced consumers…
Day: August 4, 2026
FRC to convene audit summit on AI, financial reporting
The Financial Reporting Council of Nigeria (FRC) is set to bring together some of the country’s leading financial experts, regulators,…
Apple Finally Fixes Siri, But the AI Upgrade Arrives After the Hype
Apple has finally delivered the Siri experience iPhone users have been waiting years for. After multiple delays, the new AI-powered…
Local investors trade N17.7 trillion stocks in 18 months
Nigeria’s capital market is increasingly being driven by homegrown investors, with domestic participants accounting for N17.7 trillion worth of stock…
Stock futures edge higher after rip-roaring rally leads Dow to record closing high
The U.S. stock market opened Tuesday with renewed optimism after the Dow Jones Industrial Average closed at an all-time high…
Nigerian Stock Market Starts August Strong with N289bn Gain as Investor Confidence Rebounds
The Nigerian stock market kicked off August 2026 on a positive note, delivering an impressive N289 billion gain in market…
DMO Launches August Savings Bonds With Returns of Nearly 15% for Nigerian Investors
The Debt Management Office (DMO) has opened subscriptions for its August 2026 Federal Government Savings Bond programme, offering Nigerians an…
NRS makes Tax ID mandatory for new crypto account activations
The Nigeria Revenue Service (NRS) has introduced a major policy change that will reshape how Nigerians access cryptocurrency platforms. Under…
Nigeria’s purchase cost inflation hits five-month low as PMI stays above 52
Nigeria’s private sector remained on a growth path in July, with businesses benefiting from stronger customer demand even as the…
NNPC Profit Drops 35% in H1 2026 Despite Strong June Recovery as Revenue Climbs
Nigeria’s state-owned oil giant, NNPC Limited, posted a profit after tax of N2.28 trillion for the first half of 2026,…
Banks’ Deposits at CBN Surge 670% to N83.95 Trillion as Borrowing Plunges
Nigeria’s banking sector witnessed a significant shift in liquidity management as commercial banks dramatically increased their deposits with the Central…
Bank of America sharpens focus on Africa after key role in Dangote refinery placement
Bank of America is strengthening its commitment to Africa with a major leadership reshuffle aimed at expanding its corporate and…
Cheaper Latin American Oil Puts Nigeria’s European Crude Market at Risk
Nigeria’s long-standing dominance in Europe’s crude oil market is coming under increasing pressure as cheaper oil supplies from Brazil and…
Nigeria Introduces New Crypto Tax Rules as Exchanges Risk ₦10 Million Fine for Non-Compliance
The Federal Government has taken a major step toward regulating Nigeria’s fast-growing cryptocurrency industry with the introduction of new tax…
World Bank Urges Nigeria to Embrace AI as Key to Faster Economic Growth
The World Bank has called on Nigeria and other developing economies to rapidly embrace artificial intelligence (AI), saying the technology…
August dividend race begins as 8 NGX companies set qualification dates
August is shaping up to be an important month for investors on the Nigerian Exchange (NGX) as eight listed companies…
Nigeria’s Global LNG Market Share Slips to 5% as NLNG CEO Warns of Steeper Decline
Nigeria’s position in the global liquefied natural gas (LNG) industry is facing growing pressure, with the country’s market share falling…
Renewed demand lifts Nigeria Eurobonds after previous selloff
Nigeria’s Eurobond market has bounced back strongly after a brief period of losses, with renewed investor demand signaling growing confidence…
Petrol consumption drops by 52m litres amid higher prices
Nigeria’s petrol consumption recorded a slight decline in the first half of 2026 as persistently high pump prices continued to…
Banking Stocks Drive Nigerian Market to N288 Billion Gain Despite Widespread Selloff
The Nigerian stock market kicked off the new trading week on a positive note as strong buying interest in major…