Brent Oil Price Hits $93 as U.S.-Iran Tensions Raise Supply Concerns
The Brent oil price climbed above $93 per barrel on Thursday, reaching a three-week high as uncertainty over possible U.S.-Iran…
Day: August 20, 2026
Nigerian stocks slide for 7th day, but market pullback looks healthy
Nigeria’s stock market extended its losing streak to seven consecutive sessions on Wednesday, with the total market value falling to…
Trump announces ‘most crushing economic operation’ against Iran
US President Donald Trump has announced what he described as the “most crushing economic operation” ever imposed against a country,…
Absa Group Secures Only 21% of Shares Sought in Kenya Tender Offer
Absa Group’s plan to increase its ownership of Absa Bank Kenya has received a muted response from minority shareholders, with…
Geregu Power Pays N6bn Bond Debt After N40bn Repayment Default
Geregu Power Plc has reportedly paid the N6 billion owed to investors under its N40.09 billion Series 1 senior unsecured…
Kenya Faces Record KSh103.38 Billion Treasury Bond Maturity
Kenya is facing its biggest single-day domestic Treasury bond maturity on record, with a KSh103.38 billion bond falling due on…
KCB Investment Bank Opens Up on East Africa’s Deal-Making and Capital Markets
KCB Investment Bank is giving the public a rare look into the world of investment banking with a new podcast…
Ghana Scraps Minimum Capital Requirements for Most Foreign Investors
Ghana has abolished the minimum capital requirements previously imposed on most foreign investors, in a major investment policy shift designed…
CSA Fines EY Ghana GH¢360,000 Over Cybersecurity Licensing Breaches
Ghana’s Cyber Security Authority (CSA) has fined EY Ghana GH¢360,000 for providing regulated cybersecurity services without the required licence, in…
Google Unveils New AI Study Tools Across Search and Gemini
Google is giving students more reasons to turn to AI for their studies with a new set of AI study…
FG, Regulators Must Stabilise Oil Sector to Attract Fresh Investment — PENGASSAN
The Federal Government and oil sector regulators have been urged to create a more predictable and transparent regulatory environment to…
Oil, Gas Reforms Must Deliver Projects, Higher Output — TotalEnergies
TotalEnergies EP Nigeria Limited Country Chair and Managing Director, Matthieu Bouyer, has urged the Federal Government to move beyond policy…
Oyedele Gives Account of FG’s Reforms After President’s Directive
The Federal Government has defended the impact of President Bola Tinubu’s economic reforms, saying the removal of petrol subsidy and…
S&P 500 Futures Steady as Wall Street Rebounds on Lower Treasury Yields
S&P 500 futures were largely unchanged early Thursday after Wall Street snapped a three-session losing streak in the previous session,…
NGX loses N5 trillion as pre-election anxiety, profit-taking trigger sell-off
Nigeria’s equities market has lost about N5 trillion in seven trading sessions, as pre-election concerns and aggressive profit-taking continue to…
Nigeria’s Energy Inflation Falls to 4.37% in July, Lowest in Four Months
Nigeria’s energy inflation rate dropped sharply to 4.37% in July 2026, marking its lowest level in four months and offering…
Dollar Demand Falls 35% as Naira Gains Ground on FX Market
Nigeria’s demand for foreign exchange dropped sharply by 35.23 per cent to $3.42bn in April 2026, easing pressure on the…
NGX Extends Losses as Energy, Insurance Stocks Trigger N555.68bn Market Cap Drop
The Nigerian Exchange Limited (NGX) extended its losing streak on Wednesday as heavy profit-taking in energy and insurance stocks pushed…
Afreximbank Emerges as Africa’s Biggest Oil and Gas Financier, Says Wale Tinubu
The African Export-Import Bank (Afreximbank) has emerged as the largest financier of oil and gas projects in Africa, with more…