Nigeria’s Oil Boom Pushes Current Account Surplus to $4.98bn in Q1 2026
In a major boost to Nigeria’s external position, the country recorded a current account surplus of $4.98bn in the first…
Year: 2026
Starlink Dominates African Internet Speeds in 22 Markets, Redefining Connectivity Across the Continent
Starlink, the satellite internet service operated by SpaceX founded by Elon Musk, has emerged as the fastest internet provider across…
Oil Prices Crash by Over $7 Per Barrel as Brent Drops Below $80 Amid Global Easing Tensions
Global oil markets experienced a sharp downturn this week as crude prices fell by more than $7 per barrel, marking…
Nigerian Stocks Pull Back After 55% Rally as NGX Enters Healthy Consolidation Phase
After a powerful run that saw Nigerian equities surge more than 55% in just six months, the market has finally…
DMO Raises N1.49 Trillion in Treasury Bills Auction as Investors Flood Market Amid Rising Yields
Nigeria’s financial market recorded a major boost as the Debt Management Office (DMO) successfully raised N1.49 trillion at its Nigerian…
33% Interest Rate Crisis Threatens Nigeria’s $1tr Economy Ambition, Telcos Warn
Nigeria’s telecommunications industry is under severe financial pressure as operators warn that Nigeria’s 33 per cent interest rate environment is…
Agro-Allied Stocks Deliver 1,656% Rally as Presco, Okomu, FTN Cocoa Drive NGX Wealth Surge
Three agro-processing stocks listed on the Nigerian Exchange (NGX) have turned into some of the market’s biggest wealth creators, delivering…
Foreign Investors Pour $3.3bn into Nigerian Bonds Amid Rising Yields and Strong Capital Inflows
Foreign investors injected $3.23bn into Nigerian bonds in the first quarter of 2026, underscoring growing confidence in the country’s fixed-income…
Nigeria Rules Out New Taxes on Fuel and Telecom Services Amid IMF Report Backlash
The Federal Government has firmly dismissed reports suggesting that new taxes could soon be introduced on fuel and telecommunications services…
Google Gemini Co-Lead Noam Shazeer Joins OpenAI in Major AI Talent Shake-Up
Google’s artificial intelligence ambitions have suffered a notable setback after Noam Shazeer, one of the key leaders behind the Gemini…
Dangote Refinery Slashes Diesel and Jet Fuel Prices as Falling Crude Oil Costs Ease Market Pressure
The Dangote Petroleum Refinery has announced another round of fuel price reductions, cutting the gantry prices of diesel and aviation…
Naira Falls to N1,361.5/$ as FX Market Turnover Plunges 57% Despite Rising External Reserves
The Nigerian naira weakened slightly against the US dollar on Wednesday, closing at N1,361.5/$ in the Nigerian Foreign Exchange Market…
CBN HoldCo Rules: How a Chapel Hill White Paper May Have Inspired Nigeria’s Banking Shake-Up
The Central Bank of Nigeria’s proposed Financial Holding Company (HoldCo) regulations have triggered intense debate across the banking industry, but…
Dangote’s $7bn Fertiliser Expansion Gets AFC Backing to Build Global Production Giant
Africa’s richest man, Aliko Dangote, has secured strong financial backing from the Africa Finance Corporation (AFC) for a bold $7bn…
FG Rules Out New Fuel and Telecom Taxes Amid IMF Recommendations Debate
The Federal Government has moved to calm public concerns by ruling out any immediate plans to introduce new taxes on…
NGX Chairman Courts Middle East Investors Ahead of Dangote Refinery IPO in Nigeria’s Capital Market Push
The Group Chairman of the Nigerian Exchange Group (NGX Group), Umaru Kwairanga, is intensifying efforts to attract Middle East investors…
FG Unveils Ward-Based Growth Strategy to Strengthen Economy Under Renewed Hope Plan
The Federal Government has unveiled a fresh development blueprint aimed at strengthening Nigeria’s economy through a grassroots-driven model under President…
Banking Stocks Drag NGX Lower as GTCO, Zenith, UBA Trigger ₦782bn Market Loss
The Nigerian equities market closed in the red on Tuesday, June 16, 2026, as heavy selloffs in major banking stocks…
NGX Eyes Mega Dangote Refinery IPO as Investor Demand Tops $2 Billion
The Nigerian Exchange Group (NGX Group) has announced it is actively preparing for the highly anticipated initial public offering of…
S&P 500 Futures Edge Higher as Investors Await Fed Decision, SpaceX Extends Rally
U.S. stock futures traded cautiously higher on Wednesday as investors turned their attention to the Federal Reserve’s latest interest rate…
UAE Reaffirms Long-Term Investment Commitment to Nigeria as Trade Ties Deepen
The United Arab Emirates has reaffirmed its commitment to long-term investments in Nigeria, underscoring the growing economic partnership between both…
FG Releases Just 4.9% of N54.93tn Road Budget as Funding Gaps Threaten Key Highway Projects
Despite allocating a massive N54.93 trillion for road construction, rehabilitation and maintenance projects between 2023 and April 2026, the Federal…
Petrol Price May Fall to N1,200 as Dangote Refinery Slashes Rates Amid Global Oil Decline
Nigeria may soon witness a fresh reduction in petrol prices, with marketers projecting that pump prices could fall to as…
Mission 300 Lights Up Africa: Over 50 Million People Gain Electricity Access in Two Years
The World Bank and the African Development Bank (AfDB) have announced a major milestone under Mission 300, revealing that more…
G7 AI Summit in France: OpenAI, Google and Anthropic CEOs Signal Shift in Global Tech Power
Top executives from the world’s leading artificial intelligence companies have joined the G7 Summit in France, underscoring how AI has…
United Capital Takes Bold Step With 5% Stake in NGX Group, Strengthening Nigeria’s Capital Market Outlook
United Capital Group has strengthened its position in Nigeria’s financial sector after completing the acquisition of a 5% equity stake…
Global Gas Price Volatility Persists as World Bank Warns of Prolonged Market Instability
The World Bank has warned that global natural gas markets are heading into a prolonged period of instability, with prices…
Ripple Invests in Flutterwave Series E to Power Stablecoin Payments Across Africa
Ripple has made a strategic investment in Flutterwave as part of the Nigerian fintech giant’s Series E fundraising round, marking…
West African Trade Ministers Push Regional Industrialisation Drive at ECOWAS Summit in Ghana
West African trade and industry leaders have taken a major step toward deepening regional economic integration after the fifth ECOWAS…
Tariff Hike Drives N4 Trillion Telecom Investment Inflow in Nigeria as NCC Reviews Mobile Termination Rates
Nigeria’s telecommunications sector is witnessing a massive investment surge, with operators revealing that the 50 per cent tariff hike approved…