Hormuz Shipping Traffic Slumps as U.S.-Iran Strikes Send Oil Prices Higher
The Strait of Hormuz shipping traffic has dropped sharply as escalating tensions between the United States and Iran…
Monthly Archives
September 2026
OpenAI Set to Release Astra AI Model With Advanced Cybersecurity Capabilities
OpenAI is preparing to release Astra, a new artificial intelligence model with powerful cybersecurity capabilities…
Hedge Funds Flood CBN OMO Bills as Effective Yields Top 21%
Hedge funds and other yield-hungry investors are piling into Central Bank of Nigeria (CBN) Open Market Operations…
August Stock Market: Haldane McCall, Access Holdings Lead Top Gainers as NGX Slips…
The Nigerian stock market ended August 2026 on a mixed note as the NGX All-Share Index (ASI) fell by 0.44%, despite…
Tony Elumelu’s Seplat Stake Hits N1.48 Trillion as Shares Surge
Tony Elumelu’s stake in Seplat Energy Plc has climbed to approximately N1.48 trillion ($1.28 billion), as the…
Electricity Subsidy Bill Hits N1.92trn in 2025 as FG Absorbs Tariff Gap — NERC
Nigeria’s electricity subsidy bill climbed to N1.928 trillion in 2025, as the Federal Government continued to…
Dangote Moves to Buy Ships as Nigeria’s Vessel Shortage Threatens Cement Exports
Dangote Industries Limited is considering buying its own cargo ships after struggling to find a vessel capable of…
Nigerian Stocks Rebound as Investors Brace for High-Volatility September
Nigerian stocks staged a strong recovery toward the end of August, clawing back losses from a two-week decline as…
MTN, Airtel Drive Nigeria’s Telecoms Growth to 10.38% as Sector Contributes N5.2tn…
Nigeria’s telecommunications sector is becoming an increasingly important engine of economic growth, with the…
Gas Group Targets NGX Listing as It Unveils Major Energy Expansion Plan
Gas Group Plc is preparing to list its existing ordinary shares on the main board of the Nigerian Exchange Limited…
CBN Targets N700bn From September Treasury Bills Auction
The Central Bank of Nigeria is set to return to the domestic debt market on Wednesday, September 2, with a N700bn…
Nigeria’s FX Spot Market Hits Record $5.01bn as Weekly Turnover Surges 155%
Nigeria’s foreign exchange market has recorded a major surge in activity, with the Nigeria FX spot market crossing…
Apple Unveils ‘Shocking Evidence’ in OpenAI Trade Secret Dispute
Apple has presented what it describes as “shocking evidence” in its ongoing legal battle with OpenAI, accusing a…
Nigeria’s FX Turnover Falls 48.7% to $2.71bn in One Week
Nigeria’s foreign exchange market recorded a sharp drop in trading activity as FX turnover fell 48.7 per cent…
Finance, Insurance Sector Growth Slows to 9.29% Despite Recapitalisation
Nigeria’s finance and insurance sector recorded 9.29 per cent real growth in the second quarter of 2026, a sharp…
Brent Crude Surges Above $90 as US-Iran Conflict Threatens Global Oil Supplies
Brent crude prices surged above $90 per barrel on Monday as renewed military attacks between the United States and…
DisCos Lose N669.49bn as Poor Revenue Collection Deepens Nigeria’s Power Crisis
Nigeria’s electricity distribution companies (DisCos) failed to recover N669.49 billion from customers in 2025,…
Oil Prices Rise as Trump Threatens Fresh Strikes on Iran, Raising Global Supply…
Oil prices climbed on Tuesday after U.S. President Donald Trump threatened further military action against Iran,…
Tinubu: Nigeria’s GDP Growth Signals Economic Reforms Are Paying Off
President Bola Tinubu has said Nigeria’s latest GDP growth figures show that his administration’s economic reforms…
Dangote Refinery Pushes Nigeria’s Oil Refining Growth to Record 43.94% in Q2 2026
Nigeria’s oil refining sector recorded its strongest growth in recent years, expanding by 43.94% year-on-year in…