S&P 500 Futures Hold Steady as Investors Await Fed Chair Kevin Warsh’s Jackson Hole Speech
S&P 500 futures were little changed early Friday as investors turned their attention to Federal Reserve Chairman Kevin Warsh’s highly…
Month: August 2026
Nigeria Returns to FTSE Frontier Market as Reforms Restore Investor Confidence
Nigeria is set to return to FTSE Russell’s Frontier Market status from September 21, 2026, in what market experts describe…
CBN Cuts T-Bill Rate to 17.15% as Investors Flood 1-Year Bill With N3.63tn Demand
Investors have sent a strong signal in Nigeria’s fixed-income market, showing a clear preference for longer-term government securities as demand…
Nigerian Stocks Rebound as Market Capitalisation Gains N305.6bn, ASI Nears 240,000 Points
The Nigerian stock market staged a strong rebound on Thursday as renewed buying interest in major companies pushed total market…
Nigeria’s Foreign Reserves Hit $53.11bn, Highest Level in 17 Years
Nigeria’s foreign reserves have climbed to $53.11 billion, reaching their highest level in more than 17 years, according to the…
NCDMB Calls for Pan-African Local Content Partnerships to Boost Africa’s Industrial Growth
The Nigerian Content Development and Monitoring Board (NCDMB) has called for stronger Pan-African local content collaboration to unlock Africa’s industrial…
Hormuz Tanker Traffic Falls as Oil Flows Recover Despite Rising Tensions
Tanker traffic through the Strait of Hormuz has fallen below its recent average, even as crude oil flows through the…
Petrol Price Nears N1,300/Litre as Marketers Warn of More Uncertainty
Petrol prices are edging closer to N1,300 per litre in parts of Nigeria, with petroleum marketers warning that continued price…
Nigeria’s External Reserves Hit $53.11bn, Near 17-Year Record
Nigeria’s external reserves have climbed to $53.11bn, reaching their highest level in more than 17 years and moving the country…
Nigerian Stocks Break 11-Day Losing Streak as FTSE Russell Frontier Market Upgrade Boosts Banks
Nigeria’s stock market finally found its footing on Thursday, August 27, ending an 11-session losing streak after FTSE Russell confirmed…
OpenAI, Google, Anthropic, Microsoft Join 100+ Firms to Fight Rising AI Cyber Threats
More than 100 technology companies, cybersecurity firms and major financial institutions are calling for urgent action against the growing threat…
FTSE Russell Confirms Nigeria’s Frontier Market Return, Sets September 21 Effective Date
Nigeria is set to officially return to Frontier Market status on September 21, 2026, after global index provider FTSE Russell…
PenCom: 91.4% of Nigeria’s Personal Pension Accounts Remain Unfunded
A large majority of Nigeria’s Personal Pension Plan (PPP) accounts are still sitting without contributions, highlighting a major gap between…
Nigeria, Thailand Deepen Push for Agriculture and Technology Partnerships
Nigeria and Thailand are moving to strengthen their bilateral relationship, with agriculture, technology, renewable energy, commerce and other strategic sectors…
CSCS Slashes Fees, Removes Family Transfer Charges to Attract More Retail Investors
The Central Securities Clearing System (CSCS) has announced a fresh round of fee reductions aimed at making Nigeria’s capital market…
CBN Focuses on Macro Stability as High Rates Attract Foreign Investors
Nigeria’s monetary policy is being driven more by the need to protect macroeconomic stability than by efforts to attract foreign…
EBRD Invests $8m in Ventures Platform Fund to Back Nigerian, African Startups
The European Bank for Reconstruction and Development (EBRD) has invested $8 million in Ventures Platform Pan-African Fund II, backing early-stage…
Tinubu Backs $3.1bn AfCFTA Customs Modernisation Project to Boost African Trade
President Bola Ahmed Tinubu has thrown his weight behind the $3.1 billion AfCFTA Customs Modernisation Project, describing the initiative as…
FG Targets 8,000MW Electricity Supply by 2027 as Nigeria Deepens Power Reforms
The Federal Government has set an ambitious target of 8,000 megawatts (MW) of electricity generation and transmission by the end…
Dangote Refinery Raises Alarm Over Rising Petrol Imports Despite Local Supply Capacity
The Dangote Petroleum Refinery has raised concerns over what it described as the rising volume of imported petrol entering Nigeria,…
AI could make many jobs disappear forever, Bill Gates warns
Artificial intelligence could trigger one of the biggest disruptions to employment in modern history, with Microsoft co-founder Bill Gates warning…
Nigerian Equities Market Loses N260bn as Selling Pressure Weighs on Investors
The Nigerian equities market closed lower as renewed selling pressure and profit-taking dragged investor wealth down by N260 billion at…
Nvidia Forecast Sends Nasdaq Higher as Chip Stocks Rally
The Nasdaq Composite climbed 0.8% on Thursday, leading gains across major U.S. stock indexes after Nvidia delivered a stronger-than-expected earnings…
Nigeria’s Manufacturing Sector Still Stuck Below 10% of GDP After a Decade of Reforms
Nigeria’s manufacturing sector is struggling to break through a ceiling that has persisted for years. Despite successive government reforms and…
Despite Cashless Policy, Nigeria’s Currency in Circulation Hits N5.73 Trillion as Inflation Erodes Value
Nigeria’s currency in circulation has jumped 72.4% in five years to N5.73 trillion, highlighting a surprising trend in an economy…
Meta Agrees to $18 Billion Settlement Over Claims Its Platforms Harm Children
Meta has agreed to an $18 billion settlement with 52 US attorneys general following claims that Facebook and Instagram have…
FG Disburses N600bn to 10 Million Households in Cash Transfer Programme
The Federal Government has disclosed that more than N600 billion has been disbursed to over 10 million households across Nigeria…
22% of NGX equity transaction volume executed via mobile trading platform
Mobile trading is changing the way Nigerians participate in the stock market, with Bamboo accounting for about 22 per cent…
Nigerian Stock Market Loses N260 Billion as Sell-Off Enters 11th Straight Session
The Nigerian equities market extended its losing streak on Wednesday, August 26, with investors continuing to sell off stocks across…
Nigeria’s Foreign Reserves Cross $53 Billion, Hit Highest Level Since 2009
Nigeria’s foreign reserves have climbed above $53 billion for the first time in more than 17 years, reaching $53.11 billion…