NGX Loses N1.76tn as BUA Foods, Banking Stocks Lead Sell-Off
The Nigerian Exchange Limited (NGX) came under heavy selling pressure on Wednesday as investors offloaded shares in major consumer goods…
Month: August 2026
NGX Agro Stocks: What Investors Should Buy, Hold, Watch or Avoid in H2 2026
Nigeria’s agricultural stocks are entering the second half of 2026 with impressive numbers, but investors may need to look beyond…
Consumer Goods Selloff Wipes N1.76 Trillion From NGX as Investors Lock in Gains
The Nigerian Exchange (NGX) extended its losing streak on Wednesday, August 12, 2026, as a sharp selloff in consumer goods…
Nigeria’s Crude Supply Dispute Deepens as Dangote Refinery and NUPRC Clash Over Oil Prices
Nigeria’s long-running dispute over crude oil supplies to the Dangote Refinery has taken a new turn, with the country’s upstream…
West Africa Could Unlock $3tn Energy Market by 2035 Through Regional Integration — Expert
West Africa could build a $3tn cumulative energy market by 2035 if the region’s 16 countries move away from fragmented…
SEC Sets 5pm T+1 Settlement Deadline for Equities, Commodities Trades
The Securities and Exchange Commission has set 5:00 p.m. on the first business day after a transaction (T+1) as the…
Anthropic’s Claude Watermarks Spark Backlash From Users Worried About AI Detection
Anthropic’s decision to add invisible watermarks to content generated by its Claude AI chatbot is causing a stir among some…
African Founders in UK Get New Platform to Pitch, Raise Capital and Build Partnerships
African founders, technology professionals and investors working between the United Kingdom and Africa are set to gain a new platform…
Nigeria Targets Fresh Capital to Close $200 Billion Gas Infrastructure Gap
Nigeria is intensifying efforts to attract private and international funding into its gas sector as the country faces an estimated…
NFEM Turnover Falls to $185 Million, Hits 11-Week Low as FX Activity Slows
Foreign exchange activity on Nigeria’s official market took a sharp hit on August 11, with Nigerian Foreign Exchange Market (NFEM)…
Nigeria’s Crude Oil Output Stays Above 1.5 Million bpd Despite July Dip
Nigeria’s crude oil production remained above the 1.5 million barrels per day (bpd) mark for the third consecutive month in…
CBN Raises 364-Day Treasury Bill Rate to 17.59% Despite N4.4 Trillion Demand
The Central Bank of Nigeria (CBN) has raised the stop rate on its 364-day Treasury Bill to 17.59%, surprising investors…
Meta Releases New AI Model
Meta has unveiled a new artificial intelligence model designed to expand access to advanced AI beyond major technology companies and…
River AI Raises $1.1 Billion Just Two Months After Launch in Major AI Bet
River AI has made a huge entrance into the artificial intelligence industry, securing a staggering $1.1 billion in funding only…
U.S. Stock Futures Edge Higher as Investors Brace for Key Inflation Report
U.S. stock futures moved slightly higher on Wednesday as investors kept their attention firmly on the latest inflation report, a…
NRS Tax Reforms Reshape Nigeria’s Economy as Revenue Hits N21.6 Trillion
Nigeria’s tax system is entering a new era as the Nigeria Revenue Service (NRS) pushes reforms aimed at changing how…
T-Bill Yields Slide as Investors Chase N700bn CBN Auction
T-bill yields edged lower on Monday as investors stepped up demand for short-term government securities ahead of the Central Bank…
European Stocks Hold Steady as Oil Climbs Ahead of Key US Inflation Data
European stocks remained largely steady on Wednesday as investors took a cautious approach ahead of key U.S. inflation data, while…
Bank of America launches $250 billion initiative for US tech, energy infrastructure
Bank of America is putting serious money behind America’s next phase of growth, announcing plans to deploy $250 billion to…
Africa50 Secures $20m Investment, Boosts Infrastructure Fund to $330m
Africa50, the pan-African infrastructure investment platform, has secured fresh capital and strategic partnerships aimed at accelerating infrastructure development across Africa.…
Nigeria’s Rising Debt Service Threatens Social Spending as AfDB Raises Alarm
Nigeria’s growing debt obligations are putting increasing pressure on government spending, with the African Development Bank (AfDB) warning that debt-service…
Lagos Tasks HR Leaders to Prepare Nigeria’s Workforce for the AI Era
Lagos State has called on human resources executives to take a more active role in preparing Nigeria’s workforce for an…
Nigeria’s reform success hinges on living standard
Nigeria’s economic reforms may be showing signs of progress, but experts and policymakers say the real test is whether ordinary…
Brent tops $88 as US, Iran near possible deal
Brent crude oil climbed above $88 per barrel on Tuesday as fresh diplomatic signals raised hopes that the United States…
NCC Raises Alarm as Over 5,000 Fibre Cuts Disrupt Nigeria’s Digital Economy
The Nigerian Communications Commission (NCC) has raised concerns over the growing damage to Nigeria’s telecommunications infrastructure, revealing that more than…
Russia Turns to Indian Fuel as Refinery Crisis Deepens
Russia has turned to India for gasoline as pressure on its domestic fuel supply intensifies, highlighting the growing impact of…
Nigeria Can Turn Global Trade Tensions Into Economic Growth, Afreximbank Says
Nigeria and other African economies could turn rising global trade tensions and supply chain disruptions into an opportunity for stronger…
Nigerian Stock Market Loses N1.17tn as Bearish Trading Returns
The Nigerian stock market came under renewed selling pressure on Tuesday as investors offloaded major stocks, wiping N1.17tn from the…
Nigerians Feel the Squeeze as VAT Adds to Rising Cost of Living
Nigerians are increasingly feeling the pressure of Value Added Tax (VAT) as rising prices and a persistent cost-of-living crisis continue…
West Africa Seeks New Fuel Pricing System to Reduce Foreign Market Influence
West Africa may be moving closer to a major shift in how petroleum products are priced, as the Nigerian Midstream…