Oil Prices Spike Toward $85 as Global Supply Risks Intensify
Global oil prices rallied sharply on Tuesday, with Brent crude climbing above $84 per barrel amid escalating…
Yearly Archives
2026
FGN Savings Bond March 2026: Earn Up to 13.9% with Sovereign-Backed Returns
The Federal Government of Nigeria (FGN) has announced its March 2026 Savings Bond, offering retail investors…
ITU Secures $82 Billion in Digital Investments to Bridge Global Connectivity Gap
The International Telecommunication Union (ITU) has reached a significant milestone in its drive to close the…
Why Users Are Switching from ChatGPT to Claude — And How to Make the Move
Amid growing controversies surrounding ChatGPT and its parent company, OpenAI, more users are making the move to…
ANOH Gas Delivers First Gas to NLNG, Marks Start of Full Commercial Operations
ANOH Gas Processing Company (AGPC) has officially delivered its first batch of processed natural gas to Nigeria LNG…
Nigeria’s Reform Dividend: Experts Predict Economic Growth Surge in 2026
Nigeria is set to reap the benefits of its ongoing reform cycle in 2026, with households and businesses expected to…
Saudi Aramco Shuts Ras Tanura Refinery After Iran Drone Strikes, Global Oil Supply…
Saudi Arabia’s state oil giant, Saudi Aramco, has temporarily shut down its Ras Tanura refinery, one of the world’s…
Oil Prices Surge to $80 Amid Widening US-Israel Conflict With Iran, Raising Supply…
Oil prices continued their sharp climb on Tuesday, reflecting growing fears of supply disruptions as the US-Israel…
Amazon Web Services Faces UAE Cloud Outage After Fire at Data Center
Amazon Web Services Inc. (AWS), the cloud computing arm of Amazon founded by Jeff Bezos, experienced a significant…
United Capital Revenue Soars 35% to N58.55bn as Profitability Strengthens in 2025
United Capital Plc has reported a robust 35 per cent year-on-year growth in revenue, climbing from N43.43bn in 2024…
NGX Group Appoints Olajumoke Olaniyan as Chief Strategy Officer to Drive Market…
The Nigerian Exchange (NGX) Group Plc has announced the appointment of Ms. Olajumoke Olaniyan as its new Group…
Naira Falls to N1,376/$ as Dollar Surges Amid Middle East Tensions
Nigeria’s naira slipped to N1,376 per dollar on Monday, extending its recent volatility as the U.S. dollar…
Nigerian Stocks Rally Amid US-Iran Tensions as Oil Shares Lead Gains
The Nigerian stock market surged on March 2, 2026, shrugging off global concerns over the US-Iran conflict. The…
NGX Surges N1.7tn as Banking, Oil & Gas Stocks Lead Market Rally
Trading on the Nigerian Exchange (NGX) ended Monday on a positive note, with the All-Share Index climbing to…
NCC Proposes 14-Day Notice Before SIM Deactivation to Protect Nigerian Subscribers
The Nigerian Communications Commission (NCC) has proposed that telecom operators provide subscribers with at least…
Petrol Prices Could Hit ₦1,000/Litre as Dangote Refines Strategy Amid Global Oil…
The price of Premium Motor Spirit (PMS), commonly known as petrol, may soon reach between ₦980 and over ₦1,000 per…
ChatGPT App Uninstalls Surge 295% Following DoD Deal, Users Shift to Anthropic’s…
U.S. users of ChatGPT’s mobile app reacted sharply to OpenAI’s partnership with the Department of Defense (DoD),…
European Markets Slide as U.S.-Iran Conflict Escalates, Oil Prices Surge
European markets are set to open sharply lower on Tuesday as rising geopolitical tensions in the…
Banks Disburse N36.4tn to Trade Sector as Rate Cut Sparks Fresh Credit…
Nigerian deposit money banks disbursed N36.39 trillion to the Trade and General Commerce sector between January and…
Nigeria’s Net FX Reserves Soar 772% to $34.8 Billion, Signaling Stronger Economic…
Nigeria’s net foreign exchange reserves soared to $34.80 billion at the end of 2025, marking a remarkable 772 per…
CBN Cuts Interest Rate to 26.5% as Disinflation and FX Stability Strengthen…
The Central Bank of Nigeria has reduced its Monetary Policy Rate (MPR) by 50 basis points to 26.5 per cent, marking…
Nigeria Secures $1.3 Billion Alumina Refinery Deal with AFC to Boost Mining Sector
In a major stride for the country’s mining industry, the Federal Government of Nigeria has signed a $1.3 billion…
Investors Gain N17.5 Trillion in February as Nigerian Stock Market Surges
Investors in Nigeria’s stock market enjoyed a substantial boost in February 2026, with gains totaling N17.5…
Nigeria Spends N6.32 Trillion on Domestic Debt in 9 Months Amid Rising Interest…
The Nigerian federal government spent a staggering N6.32 trillion on domestic debt servicing between January and…
Naira Depreciates to N1,368/$ Following CBN’s 304th MPC Meeting
The naira faced a steady decline throughout the week, closing at N1,368/$ in the official market, following the…
Rising Public Debt Clouds CBN Rate Cut Despite Economic Gains
Economic experts say Nigeria’s recent macroeconomic improvements are being tempered by a rising public debt…
Crude-Backed Loans Tie Up N8.36tn of Nigeria’s 2025 Oil Revenue
Nigeria’s crude oil production in 2025 saw nearly 15% of output effectively pre-committed to servicing crude-backed…
OpenAI Secures Pentagon AI Deal Amid Controversy, Outlines Safety Safeguards
OpenAI has revealed new details about its recent agreement with the Pentagon, addressing concerns over ethics and…
N5tn Bank Recapitalisation Set to Transform Nigeria’s Financial Sector
Nigeria’s banking sector is poised for a major transformation as the Central Bank of Nigeria (CBN) nears completion…
Nigerian Stock Market Surges with N17.6 Trillion Gain in February 2026
The Nigerian stock market recorded historic growth in February 2026, with investors collectively gaining N17.6…