Nigeria Net FX Reserves Surge Over 1,200% as CBN Reforms Boost Investor Confidence
Nigeria’s net foreign exchange (FX) reserves have recorded a remarkable increase of more than 1,200 percent, rising…
Yearly Archives
2026
Nigerian Equities Market Loses N32bn as Profit-Taking Halts Bullish Rally
The Nigerian equities market suffered a setback on Thursday as investors lost an estimated N32 billion following…
Businesses urged to prepare for AI misinformation before polls
As Nigeria moves closer to the 2027 general election, businesses, investors, and institutions are being urged to…
CBN Unveils FX BDC Purchase Tracker to Monitor Bureau De Change Transactions in…
The Central Bank of Nigeria (CBN) has rolled out a new digital monitoring platform known as the FX BDC Purchase…
Fintech raises capital for African expansion
Nigeria’s leading fintech company, Mathesis Analytics, has secured a strategic investment from First Ally Capital,…
CBN Launches Digital FX Tracker, Tightens Rules for BDC Dollar Purchases Through…
The Central Bank of Nigeria (CBN) has unveiled a new digital platform designed to monitor foreign exchange…
EU asks Google to share search data, Android features with AI rivals
The European Union has intensified its push to promote competition in the technology sector by ordering Google to…
BUA Cement Selloff Drags Nigerian Stock Market Lower Despite First HoldCo’s…
The Nigerian stock market closed slightly lower on Thursday as a steep decline in BUA Cement overshadowed…
PETROAN Urges Refinery Revival as Dangote Refinery Switches to Dollar Sales
Nigeria’s downstream petroleum sector is facing renewed uncertainty as the Petroleum Products Retail Outlets Owners…
OnePlus Exits U.S. and Europe Smartphone Markets as Global Phone Demand Slows
OnePlus has announced that it will no longer launch new smartphones and products in the U.S. and Europe, marking a…
NERC CapEx Order Triggers Power Sector Showdown as DisCos, State Regulators Push…
Nigeria's electricity sector has been thrust into the spotlight following the implementation of the NERC CapEx…
BUA Foods approves N504b dividend, unveils expansion plan to boost food security
BUA Foods Plc has approved a massive N504 billion dividend for shareholders while unveiling an ambitious expansion…
SpaceX Shares Slip Below IPO Price as Investor Optimism Fades Amid Valuation…
SpaceX shares dropped below their $135 initial public offering (IPO) price for the first time on Wednesday,…
NGX Major Deals Hit N32.73 Billion as First HoldCo and Seplat Lead Market Rebound
The Nigerian Exchange (NGX) witnessed a surge in high-value transactions on Tuesday, with major deals totaling…
World Bank: 79% of Nigerians Still Face Poverty Despite Economic Reforms
Despite nearly three years of major economic reforms by the Federal Government, the World Bank has revealed that…
U.S. Crude Inventories Drop 1.7 Million Barrels as Iran Tensions Keep Oil Markets…
The latest U.S. Energy Information Administration (EIA) report has revealed a significant decline in American crude…
DeepMind CEO Warns AGI Could Arrive Within Years, Calls for Urgent Global AI…
Google DeepMind CEO Demis Hassabis has issued a stark warning that Artificial General Intelligence (AGI) could…
Xi Jinping Unveils China’s Global AI Vision as Huawei Showcases Powerful New AI…
Chinese President Xi Jinping is expected to take center stage at the World Artificial Intelligence Conference…
Foreign Investors Shift to Indian Bonds as Stock Market Sees Massive Sell-Off
Foreign investors are increasingly turning their attention to Indian government bonds, even as they continue to…
Nigeria Tax Revenue Jumps to N21.6 Trillion in H1 2026 as Economic Reforms Deliver…
Nigeria’s tax revenue recorded a remarkable boost in the first half of 2026, reaching N21.6 trillion and marking a…
CBN Rate Hike Looms as Pre-Election Spending Raises Inflation Concerns
Nigeria’s financial markets could face a significant shift in the coming months as experts warn that the Central…
NGX Gains N390bn as Banking Stocks Drive Market Rally Despite Weaker Trading…
The Nigerian Exchange (NGX) extended its bullish run on Wednesday, adding a remarkable N390.32bn to investors’…
Tinubu Says Economic Reforms Are Driving Nigeria’s Steady Growth as Deloitte Backs…
President Bola Tinubu has expressed confidence that Nigeria’s economy is on a path of steady growth, stating that…
US Inflation Eases in June as Energy Prices Fall, but Fresh Middle East Tensions…
The United States recorded a welcome slowdown in inflation during June 2026, driven largely by a sharp decline in…
FG inaugurates advisory committee to drive economic reforms
The Federal Government has taken another significant step in its economic reform agenda with the inauguration of a…
Dangote Refinery Shields Nigerians from Global Fuel Price Shock, Says S&P…
Dangote Petroleum Refinery is playing a crucial role in protecting Nigerians from the impact of rising global fuel…
Stock Buy Recommendations: Zenith, UBA and Access top Brokers’ list
Nigeria’s stock market is showing strong signs of recovery after a sharp sell-off in June 2026 wiped out more than…
Nigeria Foreign Reserves Surge to $51.86 Billion, Highest Level Since 2009 as…
Nigeria’s foreign reserves have reached an impressive $51.86 billion, marking the highest level recorded in more…
Nigeria Inflation Rate Drops to 15.91% in June as Food Prices Continue to Climb
Nigeria’s inflation rate recorded a marginal decline in June 2026, offering a glimmer of relief for consumers and…
BREAKING: Nigeria’s inflation eases to 15.91% in June despite rising food prices
Nigeria’s headline inflation rate edged lower to 15.91% in June 2026, compared to 15.93% recorded in May, according…