DMO Allots N1.56 Trillion in FGN Bonds as Investor Demand Reaches N1.73 Trillion
Nigeria’s Debt Management Office (DMO) has allotted a combined N1.56 trillion in Federal Government of Nigeria (FGN) bonds after investors…
Day: August 18, 2026
Nigeria’s Net FX Flow Falls 29% to $4.94 Billion in March as Outflows Surge
Nigeria’s net foreign exchange (FX) flow fell by 29% month-on-month to $4.94 billion in March 2026, down from $6.98 billion…
IFC Commits $25m to Boost Africa’s E-Commerce Growth
The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, is committing $25 million to Jumia Technologies…
Oil Price Rally Lifts Nigeria’s Earnings in First Half of 2026 – Afreximbank
Nigeria emerged as one of the African countries that benefited significantly from higher global oil prices in the first half…
AI Platform Opens New Opportunities for Young Nigerians
Artificial intelligence is taking on a new role in Nigeria’s youth development space as YouthDesk.ai, a new AI-powered platform, seeks…
FG Targets $750m Investment as Nigeria Unveils New National Cloud Policy
Nigeria is positioning itself to become a major cloud computing and data-hosting hub in Africa as the Federal Government unveils…
S&P 500 Futures Slide as Rising Yields and Oil Prices Rattle Investors
U.S. stock futures came under pressure on Tuesday as rising Treasury yields and higher oil prices renewed concerns about inflation…
Nigeria Slips to Third as South Korea Reclaims Global Stock Market Lead
Nigeria has dropped to third place in the global ranking of best-performing stock markets after holding the top position for…
NGX sheds N106bn as bearish sentiment persists
The Nigerian Exchange Limited (NGX) started the week on a cautious note as continued selling pressure pushed the equities market…
SEC clears Blockchain, others for crypto regulation
Nigeria’s Securities and Exchange Commission (SEC) has admitted three virtual asset service providers, including Blockchain, into its Accelerated Regulatory Incubation…
Crude Oil Rises Above $91 as Middle East Tensions Weigh on Global Markets
Crude oil prices extended their gains on Tuesday, with Brent crude climbing above $91 a barrel as hopes for a…
AI Automation Startup Relay Shuts Down as Founder Joins Google Chrome Team
AI automation startup Relay is shutting down after five years of helping businesses automate repetitive tasks, with founder and CEO…
Brent Crude Surges Above $90 as Strait of Hormuz Tensions Escalate
Brent crude oil prices climbed above $90 per barrel on Monday as renewed tensions between Iran and the United States…
Proposed Crude Swap Could Save Nigerian Refiners Up to $329m
Nigeria’s domestic refineries could have saved as much as $328.8m in the first half of 2026 if the proposed crude…
Food Inflation Hits 20.31% in July as Rising Prices Put Fresh Pressure on Nigerians
Nigeria’s food inflation rate climbed sharply to 20.31% year-on-year in July 2026, reaching its highest level in 10 months and…
Otedola Boosts First HoldCo Stake With Fresh N20.7bn Share Purchase
Femi Otedola, Chairman of First HoldCo Plc, has further increased his stake in the financial services group after purchasing shares…
FG Offers Nigerians Up to ₦50m Housing Loan at 6% — How to Apply
The Federal Government, through the Federal Mortgage Bank of Nigeria (FMBN), is offering eligible Nigerians an opportunity to finance their…
$25bn Nigeria-Morocco Gas Pipeline Faces Fresh Delays Amid Growing Concerns
The much-anticipated Nigeria-Morocco Gas Pipeline is facing fresh concerns over delays, with the more than $25 billion project yet to…