NGX Consumer Goods Stocks Gain 3% in 2026 as Investors Pay More for Earnings
Nigeria’s consumer goods stocks have recorded a modest 2.99% gain year-to-date, but the sector’s…
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NNPC Profit Soars to N7.2tn as Cost Cuts, Debt Recovery Boost 2025 Earnings
The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a remarkable rise in profit after tax, climbing…
FG Unveils Energy Zones Plan to Deliver 24-Hour Power in Nigeria’s High-Demand…
The Federal Government is stepping up efforts to tackle Nigeria’s electricity challenges with plans to establish…
Oil Prices Face a New Normal as Middle East Risks Keep Markets on Edge
Oil prices pulled back on Tuesday as signs of recovering Middle East exports eased some supply concerns, but…
OpenAI Moves to Challenge Traditional App Stores With New ChatGPT Features
OpenAI is taking a major step toward changing how people discover and use software, with its latest announcements…
Trump Backs AI Industry Self-Regulation as Tech Giants Sign White House Accord
US President Donald Trump has secured a “morally binding”…
OpenAI Targets $30 Billion Funding at $1.4 Trillion Valuation
OpenAI is reportedly seeking to raise at least $30 billion in fresh funding, in a deal that could push the…
Nigeria-Indonesia Trade Surpasses $3bn Annually as Both Countries Seek Deeper…
Nigeria and Indonesia are recording more than $3bn in bilateral trade annually, highlighting the growing economic…
Stock Futures Edge Higher as Rising Treasury Yields Keep Investors on Alert
Stock futures edged higher on Wednesday as investors attempted to steady themselves after another session…
Nigeria’s Refining Boom Faces Crude Supply Crunch as Demand Nears 1.5m bpd
Nigeria’s growing refining industry may soon run into a major challenge: not having enough crude oil to…
Stockbrokers Push Capital Market to Drive Jobs, Investment and Economic Growth
Nigeria’s capital market is being positioned for a bigger role in driving economic growth as stockbrokers…
Dow Extends Losing Streak as Rising Treasury Yields Pressure U.S. Stocks
U.S. stocks extended their losses on Tuesday as rising Treasury yields continued to weigh on investor sentiment,…
Liquidity Surplus Pushes Banks’ CBN Deposits to N6.28tn
Nigerian banks have increased their deposits with the Central Bank of Nigeria (CBN) to N6.28tn, underscoring the…
NGX sheds N468bn as profit-taking hits banking, industrial stocks
The Nigerian Exchange (NGX) closed lower on Tuesday as investors locked in gains from recent market…
Dangote Ready for Legal Battles as Lamu Refinery Plans Move Ahead
Aliko Dangote, President of Dangote Industries Limited, has said his business…
Kenyan Court Puts Dangote Refinery Construction on Hold Ahead of Groundbreaking
A Kenyan court has ordered a temporary pause on activities linked to the proposed Dangote refinery in Lamu County,…
NNPCL Reports N7.2trn Profit After Tax in 2025 Despite Revenue Drop
The Nigerian National Petroleum Company Limited (NNPCL) recorded N7.2 trillion in profit after tax in 2025, marking…
Oduwole: Digital connectivity must translate into productivity, economic…
Minister of Industry, Trade and Investment, Jumoke Oduwole, has called for Nigeria’s growing investment in digital…
Nigeria Calls for Total Elimination of Nuclear Weapons at UN
Nigeria has called for the total elimination of nuclear weapons, warning that global security should not depend on…
CBN Offers N2.5tn OMO Bills as N2.43tn Repayment Hits Banking System
The Central Bank of Nigeria (CBN) has offered N2.5 trillion in fresh Open Market Operations (OMO) bills as N2.433…
Nigeria’s External Debt Rises by $11.4bn Under Tinubu as Borrowing Accelerates
Nigeria’s external debt has climbed by about $11.4 billion since President Bola Ahmed Tinubu assumed office,…
FG Sets September 2028 Deadline to End Regulated Gas Pricing in Nigeria
Nigeria is set to end regulated gas pricing by September 24, 2028, as the Federal Government moves towards…
Tinubu Witnesses $7bn Ogun Deep Seaport Deal as DP World Signs Major Investment…
The Ogun State Government and global ports and logistics operator DP World have signed Memoranda of Understanding…
Chevron, Egypt Push to Fast-Track Cyprus Gas Export Route Through Egyptian…
Chevron and Egypt are stepping up efforts to fast-track the agreements needed to connect Cyprus’ Aphrodite gas…
Dangote’s $660m Pipeline Project Wins Praise as Ethiopia, Djibouti Eye Energy…
Prime Minister of Ethiopia, Dr Abiy Ahmed, and President of Djibouti, Ismaïl Omar Guelleh, have praised Dangote…
Nigeria’s Petrol Exports Hit Nearly N1tn as Dangote Refinery Drives Sixfold Surge
Nigeria’s petrol export earnings surged to N998.50bn in the first half of 2026, marking a dramatic shift…
Global Stocks Edge Higher as Dow Faces Fourth Straight Losing Week Amid Rising…
U.S. stocks edged higher on Friday as investors navigated another volatile trading session, with rising…
Dangote Refinery IPO: Loyal Shareholders to Get 1 Bonus Share for Every 10 Held
Investors participating in the Dangote Petroleum Refinery and Petrochemicals IPO could have an extra reason…
Nigeria Stock Market Gains N622bn as Bulls Extend Winning Run
Nigeria’s equities market maintained its bullish momentum on Thursday as renewed buying interest across…
AI Borrowing Pushes Global Bond Yields to 15-Year Highs as Funding Costs Rise
Long-term bond yields have climbed to their highest levels in 15 years or more across most major…