Naira Holds at N1,361/$ as Dollar Strengthens on Strong U.S. Jobs Data and Fed Outlook Pressure
The Nigerian naira maintained a relatively stable position against the U.S. dollar, settling around N1,361/$ in midweek trading as the…
Author: ayotilewa
Nigeria Economic Reforms Gain IMF Support as FG Vows to Sustain Policy Drive
The Federal Government of Nigeria has welcomed the latest assessment from the International Monetary Fund, describing it as strong validation…
Nigeria’s Foreign Debt Projected to Hit $72.6bn by 2027 Amid Election Spending Pressures – IMF Warns
Nigeria’s external debt is projected to rise sharply to $72.6bn by 2027, according to the International Monetary Fund (IMF), raising…
Stock Futures Fall After U.S. Strikes Iran Amid Rising Middle East Tensions
U.S. stock futures slipped early Wednesday as investors reacted sharply to escalating geopolitical tensions after the United States carried out…
United Capital Secures Investment Banking Licences in Ethiopia and Rwanda, Expanding East Africa Footprint
United Capital Plc has taken a bold step in its continental expansion strategy after securing investment banking licences in Ethiopia…
FG Sets June 12 Deadline for Oil Bids in 2025 Licensing Round as Nigeria Pushes Upstream Investment
The Federal Government has set Friday, June 12, 2026, as the final deadline for the submission of technical and commercial…
Anthropic’s Claude Fable 5 is a version of Mythos the public can access today
Anthropic has officially opened access to its most powerful AI system yet, launching Claude Fable 5, a public-facing version of…
CBN Drains N1.69 Trillion in Fierce Liquidity Mop-Up as Investors Rush Long-Term OMO Bills
The Central Bank of Nigeria stepped up its liquidity control measures on June 8, 2026, draining a massive N1.69 trillion…
Tinubu’s Nigeria Sees $10bn Capital Inflow, But Investors Prefer Lending Over Long-Term Investment
Nigeria’s capital inflows have hit a new record under President Bola Tinubu, with $10 billion entering the country in the…
Oil Prices Drop Sharply as Iran–US Peace Talks Ease Global Supply Fears
Oil prices fell sharply on Tuesday after renewed optimism over a possible diplomatic breakthrough between Iran and the United States…
IMF Backs Nigeria’s Economic Reforms but Warns of Rising Poverty and Food Insecurity
The International Monetary Fund (IMF) has once again expressed support for Nigeria’s ongoing economic reforms, acknowledging that the country is…
Foreign capital inflows into manufacturing sector drop by 50.7% in Q1
Nigeria’s manufacturing sector has suffered a steep setback in attracting foreign investment, with capital inflows plunging by 50.7% in Q1…
Google Slashes AI Subscription Price to $4.99, Igniting New AI Price War in the U.S.
Google has escalated the growing artificial intelligence subscription battle by slashing the price of its entry-level AI plan, Google AI…
S&P 500, Nasdaq Slip as Chip Stock Rally Loses Steam Despite Falling Oil Prices
The U.S. stock market ended mixed on Tuesday, with the S&P 500 and Nasdaq Composite posting losses as a short-lived…
Nigeria’s FX Reserves Surge Above $50bn, Reach Highest Level in 17 Years
Nigeria’s foreign exchange reserves have climbed to an impressive $50.11 billion, marking the highest level recorded in 17 years and…
NGX Gains N834.67bn as Airtel Africa, Tier-1 Banks Fuel Market Rally
Nigeria’s stock market continued its impressive rebound on Tuesday as investors added N834.67 billion to the value of listed equities,…
IMF Flags Lending Rate Imbalance as Nigerian Banks React Faster to Rate Hikes Than Cuts
The International Monetary Fund (IMF) has raised concerns over the way Nigerian banks respond to changes in monetary policy, noting…
IMF cautions Nigeria on $5bn Abu Dhabi swap deal
The International Monetary Fund (IMF) has urged Nigeria to exercise caution over its proposed $5 billion Total Return Swap (TRS)…
West Africa Leads Africa’s Digital Tax Revolution as Nigeria, Ghana, Benin Drive Major Reforms – WATAF
West African countries including Nigeria, Ghana, Benin, and Senegal are taking the lead in reshaping Africa’s tax landscape through bold…
Nigeria Petrol Imports Crash by N2.18 Trillion in Q1 2026 as Local Refining Reshapes Energy Market
Nigeria’s petrol import bill has taken a dramatic nosedive, falling by a staggering N2.18 trillion in the first quarter of…
Nigeria’s Crude Oil Exports Hit N11.2 Trillion in Q1 2026 Despite Market Swings
Nigeria’s crude oil exports climbed to N11.20 trillion in the first quarter of 2026, reinforcing the country’s dependence on oil…
Dangote Named Africa’s Most Admired Brand for 8th Straight Year
Dangote Industries Limited has once again cemented its reputation as Africa’s most admired brand, retaining the top position for the…
Nigeria’s Top Banks Mobilise N137 Trillion in Deposits as Liquidity Strength Deepens (Q1 2026 Banking Report)
Nigeria’s banking sector started 2026 on a strong liquidity footing, with the country’s top 10 banks collectively mobilising an estimated…
OpenAI IPO Filing Signals AI Mega-Race With Anthropic and SpaceX
OpenAI, the creator of ChatGPT, has quietly taken a major step toward becoming a public company by filing confidential paperwork…
NDPC, Meta Launch Two-Year Data Protection Initiative to Boost Privacy Awareness in Nigeria
Nigeria is stepping up its digital safety game as the Nigeria Data Protection Commission (NDPC) has partnered with Meta to…
Nigeria Records ₦7.54 Trillion Trade Surplus in Q1 2026 as Oil Exports Surge (Up 340%)
Nigeria has recorded a massive trade breakthrough in the first quarter of 2026, posting a trade surplus of ₦7.54 trillion,…
Nigeria Raises NTB Offer to N4.8 Trillion as Borrowing Pressure Surges in Q2 2026
Nigeria’s debt market is seeing a sharp shift as the Debt Management Office (DMO) has expanded its Nigerian Treasury Bills…
Nigeria Stock Market Slowdown Linked to New T+1 Settlement Cycle as Foreign Investors Pull Back
Nigeria’s stock market is experiencing a noticeable slowdown just days after the launch of its new T+1 settlement cycle, with…
Nigeria Trade Surplus Hits N7.55 Trillion in Q1 2026 as Oil Exports Drive 340% Surge
Nigeria’s external trade performance opened 2026 on a strong note as the country recorded a massive trade surplus of N7.55…
United Capital Expands into East Africa with Investment Banking Licences in Ethiopia and Rwanda
United Capital has recorded a major breakthrough in its African expansion strategy after securing investment banking licences in both Ethiopia…