Oil Prices Fall as Trump Signals Progress in US-Iran Talks
Oil prices fell on Wednesday as investors reacted to signs of possible diplomatic progress between the…
Yearly Archives
2026
Dangote, marketers slash petrol prices as crude oil falls below $100
The Dangote Petroleum Refinery and other petroleum marketers have reduced their depot prices for Premium…
Airtel Money Set for London IPO as Fintech Business Reaches 53 Million Users
Airtel Money is preparing to take a major step in its expansion journey with plans to list its shares on the…
Edible Oil Tanker Drivers Suspend Strike After FG, DSS Intervention
Nigeria’s edible oil tanker drivers have suspended their planned industrial action, averting a potential…
Digital Invoicing Must Unlock Affordable Working Capital for Nigerian SMEs,…
Nigeria’s Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has called for the country’s National…
Dangote Plans 2028 IPO for Fertiliser Business as Group Deepens NGX Presence
President of Dangote Industries Limited, Aliko Dangote, has announced plans to list the group’s fertiliser…
Meta Admits Muse Was Heavily Inspired by OpenClaw as AI App Surges in Popularity
Meta has acknowledged that its new AI assistant, Muse, was heavily inspired by the open-source AI agent OpenClaw,…
CBN Cuts Interest Rate to 23% as Inflation Eases, Lowest Level Since February 2024
The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) to 23 percent, marking the first…
Nigeria’s Foreign Reserves Hit $55 Billion, Highest Level in Over 18 Years
Nigeria’s foreign reserves have crossed the $55 billion mark, reaching their highest level in more than 18…
CBN’s 350bps Rate Cut Could Spur Economic Growth, Raise FX Pressure Risks
The Central Bank of Nigeria (CBN) has taken a major step toward supporting economic growth, cutting its…
Cash Outside Banks Rises to N4.87 Trillion in August After Three-Month Decline
Cash outside banks in Nigeria rose to N4.87 trillion in August 2026, reversing a three-month downward trend,…
NGX Chief Popoola Says Africa’s Next Capital Market Opportunity Lies in Unlocking…
Africa’s capital markets could be entering a new phase as the focus shifts from relying heavily on foreign…
Strait of Hormuz Shipping Traffic Plunges as Saudi Arabia Boosts Oil Exports
Shipping activity through the Strait of Hormuz has fallen sharply, highlighting growing pressure on one of the…
Pertamina Eyes Nigeria’s 2026 Oil Licensing Round as Investment Interest Grows
Indonesia’s state-owned energy company, Pertamina, is exploring investment opportunities in…
Dangote Expands Refinery, Acquires 4,000 Machines to Raise Capacity to 1.4 Million…
Dangote Industries Limited has stepped up plans to expand its Lekki refinery in Lagos, acquiring an…
NMDPRA Says It Does Not Fix Petrol Prices as Pump Prices Rise to N1,450
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that it…
Dangote IPO Could Transform Nigeria’s Capital Market as Millions Gain Access to…
The Dangote IPO Nigeria is emerging as more than a landmark share sale for Africa’s biggest refinery. The…
CPPE Raises Alarm Over Growing Presence of Foreign Traders in Nigeria’s Retail…
The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns over the growing…
Brent Crude Falls to $101.71 as US-Iran Diplomacy Hopes Weigh on Oil Prices
Oil prices started the week lower as investors reacted to growing hopes of renewed diplomatic talks…
Anthropic unveils 3 metrics to track the pace of AI development
Artificial intelligence company Anthropic has introduced three new AI development metrics designed to help…
King Charles Warns Tech Leaders of AI Risks as Global Race for Safer Technology…
King Charles III has warned leading technology executives about the “existential dangers” of artificial…
Crude Oil Falls to $103 as Middle East Supply Fears Ease
Global crude oil prices fell by about 2 per cent on Thursday, with Brent crude dropping to $103.13 per…
Nigeria’s Oilserv secures deal to develop two oil and gas blocks in Gabon
Nigeria’s energy infrastructure company Oilserv has signed an agreement with the Gabonese Government to…
Dangote Refinery Sourced 60% of Crude Locally as Nigerian Feedstock Hits 116m…
The Dangote Petroleum Refinery sourced about 60 per cent of its crude feedstock from Nigeria in the 12 months ended…
Nigeria’s Foreign Reserves Rise $12.76bn in One Year to $54.61bn
Nigeria’s gross foreign exchange reserves have climbed by $12.76 billion in one year, reaching $54.61 billion as of…
Nigeria’s Exports to Africa Hit N10.72tn as Oil Dominates Trade Growth
Nigeria’s exports to African countries surged to N10.72tn in the first half of 2026, representing a 122.26 per cent…
FG, States and LGs Share N2.34tn as FAAC Revenue Falls 22.2%
The Federal Government, states and local government councils shared N2.338 trillion in August 2026 revenue, marking…
US Stock Futures Rise After Post-Fed Rally as Investors Refocus on AI Stocks
U.S. stock futures edged higher on Friday, September 18, as investors extended the positive momentum from Wall…
Dangote Applauds NGX Leadership as Capital Market Transformation Gains Momentum
Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, has commended the leadership of…
9 Companies Dominate NGX, Control 68% of N157.7trn Market Capitalisation
Nigeria’s equity market is becoming increasingly concentrated in a handful of major companies, with nine firms…