N279bn petrol cargoes arrive amid Dangote-NNPC legal battle
Six fuel-laden vessels valued at approximately N279 billion have begun arriving at Nigerian ports, intensifying attention on the ongoing legal…
Author: ayotilewa
Oil Prices Tumble as Trump Signals Iran Peace Deal, Easing War Fears in Global Markets
Global oil prices fell on Thursday after U.S. President Donald Trump signaled a possible breakthrough in tensions with Iran. His…
Flutterwave CEO Olugbenga Agboola Unveils Africa Financial OS Vision, Calls for Shock-Resistant Payment Infrastructure
Flutterwave Founder and CEO, Olugbenga Agboola, has called for a new generation of financial infrastructure in Africa that is built…
World Bank Cuts Nigeria’s Growth Outlook to 4.1% as Structural Weaknesses Weigh on Economy
The World Bank has revised Nigeria’s economic growth projection downward to 4.1% for 2026, warning that deep-rooted structural challenges continue…
CBN Proposes Stricter Banking Rules with New Ring-Fencing Guidelines for Financial Groups
The Central Bank of Nigeria (CBN) has introduced draft guidelines aimed at tightening oversight of banks and other financial institutions…
Nigerian Gas Exports Surge 57% to $3.38bn as Europe Demand and Global Energy Crisis Boost LNG Trade
Nigeria’s liquefied natural gas (LNG) exports have recorded a major boost, surging by 57% to $3.38 billion in the first…
New Nigeria Festival Targets $1 Trillion Economy Ambition with Innovation and Investment Drive
Nigeria is set to take a bold step toward its long-term economic ambitions with the launch of the New Nigeria…
SpaceX IPO Shatters Records with $75 Billion Raise, Pushing Elon Musk Closer to Trillionaire Status
SpaceX has rewritten the history books of global finance after raising an unprecedented $75 billion in what has become the…
Nigeria Surpasses OPEC Oil Quota as Crude Production Hits 15-Month High
Nigeria has recorded its strongest crude oil production performance in over a year, surpassing its Organisation of the Petroleum Exporting…
FG Raises N4.68 Billion Through June Savings Bond as Investors Seek Safer Returns
The Federal Government of Nigeria has raised N4.678 billion through its June 2026 Savings Bond issuance, highlighting growing investor confidence…
Nigeria’s Oil Production Climbs to 1.53 Million bpd, Highest Level Since July 2025
Nigeria’s oil production rose to an average of 1.53 million barrels per day (bpd) in May 2026, marking its highest…
Top 10 Best Performing Money Market Funds in Nigeria Deliver Over 20% Returns in 2026
Nigeria’s money market fund sector continues to attract investors seeking safety, liquidity, and attractive returns, with the segment’s net asset…
Tinubu Not Nigeria’s Biggest Borrower, New Report Says as Debt Debate Intensifies
President Bola Tinubu is not Nigeria’s biggest borrower since Nigeria returned to democratic rule in 1999, according to a new…
Nigerians Expect Inflation to Ease in Six Months Despite Ongoing Price Pressures – CBN Survey
Despite ongoing pressure on household budgets, Nigerians are beginning to believe that inflation may slow down in the coming months.…
AI Could Trigger “Deeper Destruction” No One Fully Understands Yet, Bluechip CEO Warns
The Chief Executive Officer and co-founder of Bluechip Technologies, Kazeem Tewogbade, has raised serious concerns about the long-term risks of…
Oracle Beats Earnings Expectations but Slides on $20B Fundraising Plan as AI Spending Surges
Oracle delivered a stronger-than-expected performance in its fiscal fourth quarter, beating Wall Street forecasts on both revenue and earnings while…
Nigeria’s Economic Reforms Gain IMF Backing as FG Pledges Sustained Policy Drive
The Federal Government has reaffirmed its commitment to sustaining ongoing economic reforms following a positive assessment from the International Monetary…
AfDB Pledges $86m to Boost Nigeria Agro-Industrial Zones as SAPZ Gains Fresh Funding Momentum
The African Development Bank (AfDB) has pledged $86 million to support Nigeria’s Special Agro-Industrial Processing Zones (SAPZ) programme, a major…
FX Reforms Boost Global Naira Card Usage as Banks Raise Dollar Limits
Improved foreign exchange liquidity in Nigeria, driven by sweeping economic reforms, is reshaping how Nigerians use their naira cards for…
Stock Futures Rise After U.S. Iran Strikes End as Oil Climbs and Global Markets Turn Volatile
Global markets reacted sharply on Thursday after U.S. officials confirmed that military strikes against Iran had been completed, even as…
Nigerian Stock Market Gains N100bn as Bulls Extend Rally for Fourth Straight Session
The Nigerian equities market maintained its upward momentum on Wednesday, extending its bullish run to a fourth straight trading session…
Intra-African Trade Set to Hit $250bn in 2026 as AfCFTA Pushes Economic Integration Across the Continent
Intra-African trade is on track for a major milestone in 2026, with projections indicating it could rise to $250 billion,…
NRS Launches Rev360 Platform to Boost Voluntary Tax Compliance Through Digital Innovation
The Nigeria Revenue Service (NRS) has taken a major step toward modernizing tax administration with the launch of its new…
MTNN, Vitafoam, Livestock Drive NGX Rally as Investors Gain N99.15bn Despite Mixed Market Sentiment
The Nigerian equities market extended its recovery streak on Wednesday, June 10, 2026, as select heavyweight stocks including MTN Nigeria,…
Dangote Refinery Poised to Gain as Russia Extends Jet Fuel Export Ban
The Dangote Petroleum Refinery may be set for another boost in the international aviation fuel market following Russia’s decision to…
Opendoor’s India Exit Sparks Fresh Debate Over AI’s Impact on Global Outsourcing
San Francisco-based online home-buying platform Opendoor has announced the closure of its India operations, a move that is rapidly fueling…
Business Confidence in Nigeria Climbs as CBN Survey Signals Stronger Economic Outlook Despite Rising Costs
Nigeria’s business community showed renewed optimism in May 2026 as confidence levels improved significantly despite ongoing concerns over insecurity, high…
Dangote Refinery Hits $39.1 Billion Valuation as Investors Rush Into $1 Billion Capital Raise
The Dangote Petroleum Refinery has reached a remarkable valuation of $39.1 billion as it moves to raise fresh capital through…
Standard Bank Backs Dangote Refinery IPO, Pledges Support for Expansion Across Africa
Africa’s largest financial institution, Standard Bank Group, has thrown its weight behind the planned Dangote Refinery IPO, reaffirming its commitment…
Nigeria Imports N654.94bn Worth of Goods from Africa in Q1 2026 — South Africa, Angola, Egypt Lead Trade Surge
Nigeria’s African Imports Hit N654.94bn in Q1 2026 as South Africa Tops Trade Partners Nigeria’s import trade with African countries…