Naira Strengthens as FX Turnover Surges 59.2% at NFEM Window
The naira recorded a notable gain in the official foreign exchange market on Wednesday, supported by a sharp increase in…
Author: ayotilewa
Nigeria DisCos Revenue Drops to N196bn in February 2026 Amid Power Supply Decline
Nigeria’s electricity distribution companies (DisCos) recorded a total revenue of N196 billion in February 2026, reflecting a slight dip from…
Nigeria Inflation Outlook: 7 Economists Predict Mixed Pressure Ahead of April NBS Report
As Nigerians await the April inflation data from the National Bureau of Statistics (NBS), a survey of seven economists suggests…
Dangote Refinery Reverses Petrol Price Hike, Returns Ex-Depot Rate to N1,275 per Litre
The Dangote Petroleum Refinery has reversed its earlier decision to increase the ex-depot price of Premium Motor Spirit (PMS), bringing…
Oil Prices Plunge Nearly 10% on US-Iran Deal Hopes as Global Markets Rally
Oil prices fell sharply on Wednesday, dropping close to 10%, as investors reacted to growing optimism that the United States…
Investor retreat drives Africa start-up funding to 13-month trough
Africa’s venture capital scene weakened further in April 2026 as investor caution deepened, pushing total start-up funding to its lowest…
Egypt Inflation Eases to 14.9% Despite Oil Price Shocks and Middle East Tensions
Egypt’s inflation rate slowed in April 2026, offering a rare sign of relief for consumers after months of persistent price…
Samsung Crosses $1 Trillion Valuation as AI Boom Fuels Record 15% Stock Rally
Samsung Electronics has officially joined the elite trillion-dollar club, as its market valuation surged past $1 trillion following a dramatic…
AI Job Loss Fears Overstated as Experts Push Back on Anthropic CEO’s Warning
Concerns over artificial intelligence replacing large numbers of entry-level white-collar jobs have sparked global debate, but several experts are now…
Oil Prices Slide Below $100 as Trump Pauses Strait of Hormuz Escort Plan Amid De-escalation Hopes
Crude oil prices extended their decline on Tuesday after U.S. President Donald Trump announced a temporary pause in the plan…
Crude Oil Offtake Stalls in Nigeria as Pricing Gaps Disrupt Local Refinery Supply Chain
Nigeria’s domestic refining sector is facing a major supply challenge as over 40.2 million barrels of crude oil made available…
Nigeria Crude Supply Gap Widens as Refineries Receive Only 36–46% of Allocated Oil – NUPRC Report
Nigeria’s domestic crude oil supply chain is under renewed pressure after refineries received only 28.5 million barrels of crude oil…
NNPC-China Refinery Deal: Marketers Back Equity Partnership to Revive Port Harcourt, Warri Plants
Fuel marketers in Nigeria have expressed strong support for the Nigerian National Petroleum Company Limited’s (NNPC) new partnership with two…
AfDB 2026 Annual Meetings to Prioritize Resource Mobilisation for Africa’s Development Financing Gap
The African Development Bank (AfDB) has announced that its 2026 Annual Meetings will focus heavily on how to mobilise more…
IMF Warns Angola’s Debt Could Hit Ceiling Amid Oil Revenue Pressures
The International Monetary Fund (IMF) has projected that Angola’s public debt could reach its legal ceiling in the medium term,…
NGX Extends Trading Hours: Will Longer Sessions Boost Liquidity or Weaken Market Volumes?
Nigeria’s equities market has entered a new phase following the extension of trading hours on the Nigerian Exchange Limited (NGX).…
Naira Strengthens to N1,362/$ Amid Dollar Weakness, Extends FX Market Gains
Nigeria’s currency, the naira, continued its upward momentum on Tuesday, appreciating to N1,362/$ and extending its recent gains against the…
South Korea’s Kospi Hits Record High Above 7,000 as Samsung Surges
South Korea’s Kospi climbed to a fresh record on Wednesday, crossing the 7,000 mark as a broad rally swept across…
NGX Market Crash: Nigerian Stocks Lose N1.3 Trillion Amid Investor Sell-Off
Nigeria’s stock market suffered a sharp downturn as the Nigerian Exchange Limited (NGX) shed a massive N1.347 trillion in market…
CBN Reforms Strengthen Nigeria’s Economy Amid Global Shocks
Nigeria’s economy is facing one of its most challenging periods in recent years, as global uncertainty—driven by the ongoing Middle…
NGX Recovers Over N500m for Investors, Strengthens Market Integrity in Nigeria
The NGX Regulation Limited (NGX RegCo) has recovered more than N500 million for investors, reinforcing its commitment to investor protection…
Nigerian Stock Market Gains N63bn as May Trading Opens on Bullish Note
The Nigerian stock market kicked off trading for the month of May on a positive note, recording a gain of…
Lafarge Africa Declares N96.64bn Dividend for FY2025 as Profit Surges
Lafarge Africa Plc has announced a total dividend payout of N96.64 billion to its shareholders for the 2025 financial year,…
Naira Rebounds in April 2026, Gains N51 as FX Volatility Eases and Market Confidence Returns
The Nigerian naira recorded a notable recovery in April 2026, marking its first monthly gain for the month of April…
Bank Deposits with CBN Drop to N92.32trn After Interest Rate Cut as Liquidity Strategy Shifts
Bank deposits with the Central Bank of Nigeria (CBN) dropped sharply to N92.32 trillion in April 2026, following the Monetary…
Concerns Mount Over Delayed Release of Nigeria’s 2026 Budget Details After Presidential Assent
Concerns are growing over the Federal Government’s delay in publishing the detailed breakdown of Nigeria’s 2026 budget, despite President Bola…
NNPC Remits N2.89 Trillion to Federation Account in Q1 2026 as Oil Revenue Surges
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a strong financial performance, remitting a total of N2.89 trillion…
California Gas Prices Surge Past $6 Per Gallon Amid Oil Supply Crunch
California motorists are facing a sharp spike in fuel costs as gas prices in the state have climbed to an…
Cerebras IPO 2026: OpenAI-Backed AI Chipmaker Targets $26.6bn Valuation in Blockbuster Public Listing
Cerebras Systems, the AI chip company closely linked to OpenAI, is moving closer to what could become one of the…
NNPC Signs New China Deal to Revamp Warri and Port Harcourt Refineries in Major Technical Partnership Push
The Nigerian National Petroleum Company Limited (NNPC Ltd) has taken a fresh step toward reviving Nigeria’s long-troubled refineries, signing a…