Nigeria’s FX Reserves Climb to $52.5bn as Crude Oil Tax Revenue Boosts External…
Nigeria’s foreign exchange reserves have recorded a significant increase, reaching $52.52 billion as of July 17,…
Yearly Archives
2026
NGX Gains N307bn as Investor Demand Pushes Market Capitalisation Above N159tn
The Nigerian Exchange (NGX) extended its winning streak on Tuesday, adding a remarkable N307 billion to investors’…
Stock Futures Slip as Oil Prices Surge Ahead of Major Tech Earnings Reports
Wall Street is facing renewed pressure as stock futures edged lower early Wednesday while oil prices climbed…
Financial stability remains foundation for growth – Oyedele
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has stressed that financial…
CBN Holds Interest Rate at 26.5% as Businesses Back Cautious Approach Amid Global…
Nigeria’s business community and leading economists have thrown their support behind the Central Bank of Nigeria’s…
Outgoing British High Commissioner Hails Tinubu’s Economic Reforms
As his tenure in Nigeria draws to a close, outgoing British High Commissioner Richard Montgomery has thrown his…
Tinubu’s Economic Reforms Laying Foundation for Nigeria’s Long-Term Growth, Says…
Nigeria’s Minister of Information and National Orientation, Mohammed Idris, has expressed confidence that President…
China’s Oil Buying Strategy Could Be the Biggest Driver of Global Crude Prices in…
China’s next move in the oil market is rapidly becoming one of the most closely watched factors shaping global…
IMF Says AI Could Boost Sub-Saharan Africa’s Economy by 4% in the Next Decade
Artificial intelligence could become a major driver of economic growth across Sub-Saharan Africa, with the…
AI-Powered Entertainment Apps Are Merging Into One Digital Hub for Everything
The race for entertainment dominance is entering a new phase as major platforms like Netflix, Spotify, YouTube, and…
FG Moves to Harmonise Digital Regulations, Raising Hopes for Nigeria’s Economic…
Nigeria’s digital economy may be on the verge of a major transformation as the Federal Government takes steps to…
IMF Warns Africa Could Miss AI Economic Boom Without Major Investments in Power…
Africa could miss out on the transformative economic benefits of artificial intelligence unless governments…
Nigeria’s Oil Revenue Surges as Higher Crude Prices and Pipeline Security Boost…
Nigeria is poised to benefit from a fresh wave of oil-driven revenue growth as global crude prices continue to…
Industrial Stocks Pull NGX Lower Despite Banking Rally and Easing Inflation
Nigeria’s stock market ended the week on a cautious note as losses in industrial stocks overshadowed a strong rally…
OpenAI AI Models Breach Hugging Face During Cybersecurity Test, Raising New AI…
The artificial intelligence industry has been shaken by a surprising security incident after OpenAI confirmed that…
External reserves cross $52 billion, surpass CBN’s 2026 forecast
Nigeria’s external reserves have crossed the $52 billion mark for the first time in more than 17 years, surpassing…
Investors shun 13 out of 50 oil blocks. NUPRC Plans fresh bid
Nigeria’s oil and gas sector recorded a mixed outcome in the 2025 Licensing Round as investors declined to bid for…
FG Launches N729bn Power Sector Bond to Clear GenCo Debts and Boost Electricity…
The Federal Government has unveiled a N729 billion Series 2 Power Sector Bond aimed at settling outstanding debts…
CBN Governor Cardoso Warns Global Economic Shocks May Delay Nigeria’s Single-Digit…
Nigeria’s journey toward achieving single-digit inflation may take longer than expected as persistent global…
NDLEA Declares Alleged Drug Kingpin Wanted, Freezes N9.8bn Linked to Meth…
The National Drug Law Enforcement Agency (NDLEA) has intensified its crackdown on drug trafficking networks by…
First HoldCo Becomes Nigeria’s Most Valuable Bank, Overtakes Zenith in NGX Market…
First HoldCo has emerged as Nigeria’s most valuable bank on the Nigerian Exchange (NGX), overtaking long-time…
NGX Emerges Africa’s Second-Best Stock Market as Investors Drive 47.4% Surge in…
The Nigerian Exchange (NGX) has cemented its position as one of Africa’s strongest-performing equity markets,…
FG Bond Auction Draws Massive Demand as Investors Subscribe ₦1.74tn in July
Investor confidence in Federal Government securities remained strong in July as the Debt Management Office (DMO)…
FG returns 13 oil blocks to licensing basket
The Federal Government has announced that 13 of the 50 oil and gas blocks offered under the 2025 Licensing Round…
Breaking: CBN retains interest rate at 26.5%
The Central Bank of Nigeria (CBN) has once again maintained the Monetary Policy Rate (MPR) at 26.5 percent,…
States get N2.37 trillion VAT in six months under new sharing formula
State governments across Nigeria received a combined N2.37 trillion in Value Added Tax (VAT) allocations during the…
African Finance Leaders Push Insurance Reforms to Strengthen Economic Resilience…
African finance ministers, insurance regulators and development finance leaders have called for sweeping reforms in…
FG rejects reports of N80tn fresh public borrowing
The Federal Government has dismissed claims that President Bola Tinubu’s administration borrowed an additional N80…
Inflation above 30% in 19 states, FCT despite national easing
Despite a slight decline in Nigeria’s headline inflation rate, millions of Nigerians across the country continue to…
Stock Futures Rise as Strong Corporate Earnings Offset Iran War Concerns
Wall Street showed renewed optimism on Tuesday as stock futures moved higher, with investors turning their…