Nigeria’s External Reserves Drop by $855 Million in Five Weeks Amid Forex Pressure
Nigeria’s external reserves declined by approximately $855 million within five weeks, highlighting renewed pressure on the country’s foreign exchange position…
Year: 2026
Nigeria’s Power Crisis Deepens Despite 300% Tariff Hike as Consumers Pay More for Poor Supply
Two years after Nigeria introduced the controversial Band A electricity tariff system, many consumers say they are paying significantly more…
European Markets Mixed as Iran Peace Talks Stall, Investors React to Rising Global Tensions
European stock markets opened on a cautious note Monday as investors reacted to growing uncertainty surrounding stalled peace negotiations between…
Paga Partners Sui to Launch Stablecoin Payments Across Africa, Targets Faster Cross-Border Transfers
African payments infrastructure company Paga Group is making a bold move into blockchain finance through a new partnership with Sui,…
Tech Stocks Could Be the Best Value in Years After Strong Earnings Season, Analysts Say
Tech stocks in the United States are once again drawing strong investor interest after another impressive earnings season, with analysts…
Dangote Targets 20,000MW Power Expansion as He Pushes Bold Industrial Drive Across Africa
Africa’s richest industrialist, Aliko Dangote, has announced an ambitious plan to enter the power sector with a target of generating…
Canada Posts Surprise Trade Surplus as Oil and Gold Boom Boost Exports
Canada has recorded an unexpected trade surplus, its first in six months, as rising oil and gold prices boosted export…
NUPENG Backs NNPC, Urges Transparency in Warri, Port Harcourt Refinery Revival MoU
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has expressed strong support for the efforts of NNPC Limited…
Nigeria Economic Reforms Strengthen Resilience Amid Global Uncertainty
Nigeria’s bold economic reforms over the past two years—though painful and controversial—are now being closely reassessed as global uncertainty intensifies.…
NGX Market Capitalisation Falls to N153.86tn as Heavy Selloffs Hit Blue-Chip Stocks
The Nigerian equities market closed lower on Thursday as sustained selloffs in major listed companies wiped out about N1.922 trillion…
Pension Fund Investments in Nigerian Equities Surge 27% Amid Stock Market Rally
Nigeria’s pension fund industry recorded a sharp increase in exposure to domestic equities in the first quarter of 2026, as…
Dangote Plans London Listing for $13bn Dangote Cement Amid Strong Profit Growth and Global Expansion Push
Africa’s richest man, Aliko Dangote, is preparing to take a major step in global capital markets as he plans to…
European Stocks Slip as Trump Tariff Threats Rattle Markets, UK Elections Add Political Uncertainty
European stock markets slipped on Friday as renewed trade tensions between the United States and the European Union unsettled investors,…
Only Four African Economies Ready for Sustainable Industrialisation – RED Index 2025 Report Reveals
A new 2025 RED Index of Industrial Development in Africa has revealed a sobering reality about the continent’s industrial future.…
Political Stability Drives FDI in Africa as MAN Calls for Investment Reforms
Despite a gradual rise in foreign investment flows into Africa, the Manufacturers Association of Nigeria (MAN) has warned that Foreign…
Lagos Estates Face Soaring Electricity Costs as Poor Grid Supply Forces Heavy Dependence on Expensive Diesel
Residents of gated housing estates across Lagos are experiencing a sharp rise in electricity costs, with monthly bills more than…
FX reforms stabilize Nigeria automotive industry despite rising costs
The Association of Automobile, Boatyards, Transport Equipment and Allied Employers of Nigeria (AABTEAEN) says recent foreign exchange reforms are beginning…
Iran Cuts Oil Output Amid Storage Crisis as Geopolitical Tensions Shake Global Oil Markets
Iran has begun reducing its oil production as its storage facilities near full capacity, following a sharp slowdown in crude…
IMF Warns AI Cyber Attacks Could Disrupt Global Financial System
The International Monetary Fund has raised fresh concerns over the growing threat of artificial intelligence-driven cyber attacks, warning that the…
Financial Trust Company Targets Pan-African Expansion, Seeks Increased Capital Market Participation
Financial Trust Company (FTC) is setting its sights on continental expansion as it celebrates its 50th anniversary, signaling a bold…
Elon Musk Lawsuit Puts OpenAI Safety Record Under Scrutiny
A high-profile lawsuit by Elon Musk is drawing fresh attention to the safety practices at OpenAI, raising questions about whether…
NGX RegCo Recovers N500 Million for Investors in Crackdown on Market Infractions
Nigeria’s capital market received a confidence boost as NGX Regulation Limited (NGX RegCo) announced it has recovered more than N500…
Nigeria–China Zero-Tariff Policy Spurs Export Opportunities, but Concerns Persist
Nigeria’s export sector is entering a new phase as businesses begin to explore opportunities under the Nigeria China zero-tariff exports…
Reps Blame NCC Over Poor Telecom Services Nationwide, Demand Stronger Regulation
Nigeria’s House of Representatives has strongly criticised the Nigerian Communications Commission (NCC) over what lawmakers describe as persistent poor telecom…
Nigeria Capital Market Inflows to Hit N10.53trn in May – FMDA Forecasts Liquidity Surge
Nigeria’s financial system is set for a significant liquidity boost, with the Financial Markets Dealers Association (FMDA) projecting total inflows…
Elon Musk’s Exit from OpenAI Explained: Inside the 2017 Control Clash That Split the Founders
In 2017, tensions inside OpenAI began to surface as the small nonprofit research lab debated how to transition into a…
Elon Musk’s SpaceX Plans $55bn Texas “Terafab” Chip Factory to Power AI and Space Tech
Elon Musk’s SpaceX is making a bold move into the semiconductor industry with plans to build a massive $55 billion…
U.S. Oil Export Surge Under Scrutiny as Gas Prices Jump Across All 50 States
The United States is facing growing scrutiny over its rising oil and fuel exports as gasoline prices climb sharply across…
Naira Exchange Rate Strengthens Against US Dollar, Nears N1,350 Mark Amid Market Optimism
The Nigerian naira continued its upward movement against the US dollar in the official foreign exchange market on Wednesday, edging…
Tier-One Banks Post N14.9 Trillion Earnings in 2025 as Interest Rate Pressures Shape Profit Outlook
Nigeria’s four major tier-one banks—Access Holdings, Zenith Bank, Guaranty Trust Holding Company (GTCO), and United Bank for Africa (UBA)—recorded a…