Treasury Yields Hold Steady as Middle East Tensions Keep Investors on Edge
U.S. Treasury yields traded mostly lower on Tuesday as investors carefully weighed growing geopolitical tensions in the Middle East against…
Year: 2026
Nigeria’s Petrol Imports Surge 207% as Local Supply Drops Despite Dangote Refinery Output
Nigeria’s petrol imports recorded a dramatic increase of 207 percent in June, highlighting the country’s continued reliance on imported fuel…
FG to Issue N729bn Bond to Clear GenCos’ Debt, Boost Power Sector Stability
The Federal Government has announced plans to issue a second bond worth approximately N729 billion to settle verified legacy debts…
NNPC Defends Naira-for-Crude Deal as Dangote Refinery Raises Alarm Over Supply Shortfall
A fresh dispute has emerged between the Nigerian National Petroleum Company Limited (NNPC) and the Dangote Petroleum Refinery over the…
143 Companies Compete for 50 Oil Blocks as Nigeria Enters Crucial Licensing Round
Nigeria’s quest to attract fresh investment into its oil and gas sector reaches a critical stage today as 143 companies…
Fintech expert advocates single African currency to boost trade
The push for a single African currency has once again taken center stage as fintech expert and Condia founder, Benjamin…
Nigeria Poised to Build Africa’s Largest Capital Market, Says NGX CEO Temi Popoola
Nigeria has the potential to become home to one of Africa’s largest and most influential capital markets, according to the…
Dangote’s Dollar Fuel Sales Spark Fresh Fears Over Petrol Prices and Naira Stability
Nigeria’s downstream petroleum sector has been thrown into fresh uncertainty following Dangote Refinery’s decision to begin selling refined petroleum products…
Anthropic Copyright Settlement Approved: AI Firm to Pay $1.5 Billion in Landmark Case
The landmark Anthropic copyright settlement has officially received final court approval, paving the way for the artificial intelligence company to…
FGN Bond Auction Draws N1.74 Trillion Demand as DMO Allots N929.3 Billion to Investors
Nigeria’s Debt Management Office (DMO) has recorded overwhelming investor interest in its July 2026 Federal Government of Nigeria (FGN) bond…
NGX investors gain N1.76 trillion on buying interest across key sectors
The Nigerian Exchange (NGX) began the week on a strong note as investors recorded a massive N1.76 trillion gain on…
Oil Marketers Raise Alarm Over N1,350 Petrol Pricing, Question Import Licences
Nigeria’s downstream petroleum sector is facing fresh controversy as oil marketers have accused major fuel importers of selling petrol at…
NGX Free Float Rule: Why a Mandatory 20% Requirement Could Transform Nigeria’s Stock Market
Calls are growing for the Nigerian Exchange (NGX) to enforce a strict 20% free float requirement for all listed companies,…
Treasury Bills Outperform Inflation as Nigeria’s Fixed-Income Market Delivers Positive Real Returns
Nigeria’s fixed-income market is experiencing a significant turnaround as Treasury bills and Federal Government of Nigeria (FGN) bonds are once…
Nigeria Set to Host African ICT Ministers’ Conference to Shape Continent’s Digital Future
Nigeria is preparing to welcome telecommunications and digital economy leaders from across the continent as Abuja hosts the 7th Ordinary…
Cooking gas imports surge by 1,400% as petrol supply dips by 22%
Nigeria’s dependence on imported cooking gas has intensified after Liquefied Petroleum Gas (LPG) imports soared by an astonishing 1,400 percent…
States Pocket N2.37tn VAT Windfall as New Tax Sharing Formula Boosts Revenue
State governments across Nigeria received a massive N2.37 trillion from Value Added Tax (VAT) revenue in the first half of…
Nigeria FX Spot Transactions Push Weekly Forex Turnover Up 46% to $2.39 Billion
Nigeria’s foreign exchange market staged a strong comeback in the week ended July 17, 2026, as soaring FX spot transactions…
MPC Set to Hold Interest Rate at 26.50% as Inflation Risks and Global Oil Tensions Persist
Nigeria’s Monetary Policy Committee (MPC) is widely expected to leave the benchmark interest rate unchanged at 26.50 per cent when…
Abuja CityWalk to make FCT Africa’s next investment hub – Tinubu
Nigeria’s ambition to become a leading destination for global investment received a major boost as President Bola Tinubu threw his…
OPEC Warns High Inflation Could Undermine Nigeria’s Economic Gains Despite Rising Oil Output
Nigeria’s economy may be enjoying a boost from rising crude oil production and stronger government revenues, but the Organisation of…
SEC Pushes for Near-Zero Trade Failures as Nigeria’s T+1 Settlement Reform Gains Momentum
Nigeria’s capital market is entering a new era of speed and efficiency as the Securities and Exchange Commission (SEC) intensifies…
Nigerian Crude Prices Surge as US-Iran Conflict Disrupts Strait of Hormuz Shipping
Nigerian crude prices surged to a 10-day high after escalating military tensions between the United States and Iran sparked fresh…
Banking Stocks Surge 9.3% as Recapitalisation Sparks Investor Confidence on NGX
Renewed investor confidence in Nigeria’s banking sector fueled a strong rally in banking stocks last week, with the sector index…
Agribusinesses in Nigeria, Kenya, three others to get recognitions
The race to celebrate Africa’s food and agriculture champions has officially begun as public nominations open for the inaugural Foodies…
FG Raises N729bn Bond to Clear GenCos’ Debts, Boost Nigeria’s Power Sector Stability
The Federal Government has unveiled plans to raise approximately N729 billion through a new bond issuance to settle verified legacy…
IPMAN Warns Rising Petrol Imports Could Trigger Higher Fuel Prices in Nigeria
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has sounded the alarm over the growing number of petrol import licences…
Dollar sale row: Marketers halt Dangote fuel loading, FG steps in
Nigeria’s downstream petroleum sector has been thrown into fresh uncertainty following reports that the Dangote Petroleum Refinery has adopted a…
CBN Capital Rules Could Trigger N972bn Equity Rush for Nigerian Banks
Nigeria’s banking sector could be on the verge of a massive capital-raising exercise as new proposals from the Central Bank…
$400 Million AI Inference Chip Deal Signals Shift Away from Nvidia-Dominated GPU Market
The artificial intelligence industry may be witnessing the start of a new era as General Compute, an AI inference cloud…