NGX ETFs Suffer August Setback as SIAML Pension ETF 40 Crashes 43.86% Amid Market Correction
Nigeria’s Exchange Traded Funds (ETFs) market experienced a sharp pullback in August 2026, reversing much of the gains recorded in…
Day: September 4, 2026
Ghana’s Internet Banking Transactions Surge 80.7% to GH¢383.82bn as Cheque Use Declines
Ghana’s move towards a cash-lite economy is gathering pace, with internet banking transactions surging to GH¢383.82 billion in 2025, as…
Ghana Stocks Set for 81% Gain in 2026 as Databank Targets 16,000 Points
Ghana’s stock market is on track for one of its strongest performances in recent years, with Databank Research projecting the…
Nigerians Pay N1.2trn for Electricity in Six Months as DisCos’ June Revenue Drops
Electricity consumers across Nigeria paid about N1.2 trillion for power consumed between January and June 2026, according to data from…
NNPC Profit Falls 47.9% to N279bn as July Revenue Drops to N3.09trn
The Nigerian National Petroleum Company Limited (NNPCL) recorded a sharp decline in profitability in July 2026, as NNPC profit fell…
Nvidia’s AI Investments Surge to $99 Billion as Chip Giant Deepens Bet on Tech Startups
Nvidia’s growing influence in the artificial intelligence industry is no longer limited to supplying the powerful chips that run AI…
Crude Oil Price Hits $96.98 as Nigerian Marketers Review Petrol Pump Prices
Crude oil prices are edging closer to the $100 per barrel mark, with Brent crude rising to $96.98 per barrel…
Kenya, Dangote Plan 1,000MW LNG Power Plant as Tanzania Gas Emerges as Key Supply Option
Kenya and Africa’s richest man, Aliko Dangote, are exploring a major 1,000-megawatt LNG power project linked to the proposed Dangote…
Nigerians Spend N11.3tn on Petrol in Seven Months as Consumption Drops
Nigerians spent a staggering N11.3tn on petrol between January and July 2026, even as the volume of fuel consumed across…
Nigeria’s Financial Sector Growth Slows to 9.29% Despite N5.3trn Recapitalisation
Nigeria’s financial sector is yet to fully feel the impact of more than N5.3 trillion in fresh capital, as growth…
Dangote Refinery IPO to Open Within 12 Days, Could Raise $5 Billion
The long-awaited Dangote Refinery IPO could open within the next 10 to 12 days, as Africa’s largest oil refinery moves…
Naira Hits Two-Year High at N1,322/$ as Dollar Supply Boosts FX Market
The Nigerian naira has climbed to a two-year high, settling at around N1,322/$ in the official foreign exchange market, as…
Nigeria, IEA Sign Deal to Strengthen Energy Data, Attract More Investment
Nigeria has taken another step towards improving its energy sector after signing a Joint Work Programme with the International Energy…
Seplat Energy, UPDC Lead N238bn NGX Market Rebound as Investors Return to Equities
The Nigerian Exchange (NGX) staged a modest rebound on Thursday, with investors returning to selected heavyweight stocks and pushing the…
Dangote Investments Driving Africa’s Industrial Growth, AFC Boss Says
The sustained investments of the Dangote Group across Africa are playing a major role in driving industrialisation and unlocking the…
UK Set to Approve Jackdaw Gas Field as Energy Costs Surge
The United Kingdom is reportedly preparing to approve the development of the Jackdaw gas field in the North Sea as…
FTSE Russell Lists 31 Nigerian Stocks Including Dangote Cement, MTN, Zenith Bank in Frontier Index
FTSE Russell has listed 31 Nigerian companies in its Frontier Index Series, bringing some of the country’s biggest publicly traded…
7 Global Companies That Have Scaled Back or Exited Nigeria Under Tinubu
Several global companies have exited Nigeria, halted local production or significantly scaled back their operations since President Bola Tinubu assumed…
Nigeria’s 4.43% GDP Growth Masks Deep Industrial Crisis, MAN Warns
Nigeria’s economy grew by 4.43 per cent in the second quarter of 2026, but the latest figure may not tell…
Bolt, inDrive Move to Grab Uber’s Market Share After Nigeria Exit
The race for Nigeria’s ride-hailing market is heating up as Bolt and inDrive move to strengthen their operations following Uber’s…