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…
Yearly Archives
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…
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…
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…
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…
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…
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 series…
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…
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…
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 tools across…
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…
Oil, Gas Reforms Must Deliver Projects, Higher Output — TotalEnergies
TotalEnergies EP Nigeria Limited Country Chair and Managing Director, Matthieu Bouyer, has urged the Federal…
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…
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…
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…
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…
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…
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…
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…
Nigeria Mobilised N15.8trn from Petrol Subsidy Removal in Two Years — Oyedele
Nigeria mobilised N15.8 trillion in resources from petrol subsidy savings between June 2023 and December 2025,…
Strait of Hormuz Shipping Slows as Vessel Attack Raises Security Fears
Shipping through the Strait of Hormuz slowed further on Wednesday as vessel operators became increasingly cautious…
36 States’ Budgets Surge 47% to N40tn as Capital Spending Share Drops
Nigeria’s 36 states and the Federal Capital Territory (FCT) have significantly expanded their budgets for 2026,…
FAAC Revenue Jumps 17.8% to ₦4.359tn in July as FG, States, LGs Share ₦3.007tn
The Federation Account recorded a major boost in revenue in July 2026, with gross revenue rising to ₦4.359…
High Oil Prices Threaten Global Economic Stability as Moody’s Warns
Persistently high oil prices could pose a growing threat to global economic stability as expensive energy and…
OpenAI Launches ChatGPT for Teens With Stronger Safety Protections
OpenAI has launched ChatGPT for Teens, a dedicated experience for users under 18 that comes with what the company…
Fairphone 6+ Launches in the U.S. With a Focus on Repairability and Long-Term Use
Fairphone has officially expanded its repair-focused smartphone lineup to the U.S., bringing the new Fairphone 6+…
Farmers fear crisis as food inflation hits six-month high
Nigeria’s food inflation has climbed to a six-month high of 20.31 per cent, raising fresh concerns about the…
Investors Submit N1.73tn as DMO Allots N1.56tn in FGN Bond Auction
Investors showed strong appetite for Nigerian government securities as they submitted bids worth N1.73 trillion at…
Naira Strengthens as Nigeria’s Foreign Reserves Hit $52.5bn, CBN Says
Nigeria’s foreign exchange market is showing fresh signs of stability as the naira continues to strengthen, with…
Dangote Refinery Secures $1bn Backing Ahead of Planned IPO
The Dangote Petroleum Refinery has secured a $1 billion underwriting programme ahead of its planned initial public…