Nigeria Faces 18.9% Oil Production Deficit, Missing 2025 Budget Target by 82.5…
Seven months into the 2025 fiscal year, Nigeria’s crude oil output has fallen short of projections by 82.46…
Author
13913 posts 0 comments
Trump’s 50% Tariffs on Indian Goods Take Effect, Escalating U.S.-India Trade…
U.S. President Donald Trump’s decision to double tariffs on Indian goods to as high as 50% officially took effect…
Ghana Launches New Financing Frameworks to Boost Cocoa, Oil Palm, and Strategic…
Ghana has initiated a major step to strengthen agricultural financing by setting up three Technical Committees to…
Tinubu Commends Nigeria’s Capital Market Growth, Vows More Reforms During Brazil…
President Bola Tinubu has lauded the significant growth of Nigeria’s capital market, attributing the surge in…
CBN Sets October 31 Deadline for Banks to Upgrade to ISO 20022 and Geo-Tag Payment…
The Central Bank of Nigeria (CBN) has directed all financial institutions and payment service providers to…
Naira Falls to N1,550/$ in Parallel Market as FX Gap Widens
The Naira weakened further on Tuesday, sliding to N1,550 per dollar in the parallel market, down from N1,540…
Kaduna Governor Hails $30 Billion Investment Opportunities from Tinubu’s Brazil…
Kaduna State Governor Uba Sani has praised President Bola Tinubu’s recent state visit to Brazil as a…
Nigeria’s Stock Market Surges: Local Investors Drive N1.81 Trillion FPI Boom in…
Nigeria’s stock market witnessed a remarkable surge in July 2025, with foreign portfolio investment (FPI) hitting…
Asian Stocks Slide Amid Trump’s Fed Shakeup and Chip Export Threats
Asian stocks fell on Tuesday as investors reacted to a series of market-altering announcements from US President…
Nigeria, Brazil Sign Strategic MoU on Science and Technology to Drive Jobs and…
Nigeria and Brazil have entered a landmark Memorandum of Understanding (MoU) to strengthen cooperation in Science,…
Nigeria’s Industrialisation at Risk as Manufacturing, Agriculture Sectors Decline…
Nigeria’s path to industrialisation faces growing threats as manufacturing and agriculture sectors continue to…
French Stocks Tumble as Bayrou Faces No-Confidence Threat Amid Budget Clash
French stocks fell sharply on Tuesday as political uncertainty gripped Paris ahead of a critical no-confidence…
13% Derivation Fund Helps Oil-Producing States Slash Domestic Debt by N611bn…
Oil-producing states in Nigeria have cut their combined domestic debt by about N610.84bn between June 2023 and…
Stockbrokers Call for Capital Market Reforms to Achieve Nigeria’s $1 Trillion…
The Chartered Institute of Stockbrokers (CIS) has urged the Federal Government to implement comprehensive capital…
Trump Threatens Tariffs on Nations Over Digital Taxes Targeting US Tech Giants
President Donald Trump has warned of imposing additional tariffs and export restrictions on countries that enact…
Nigeria’s Oil Production Hits Six-Month High at 1.5m bpd, Surpasses OPEC Quota…
Nigeria’s crude oil production climbed to its highest level in six months in July, marking a strong rebound after…
Meta Expands Africa’s Digital Infrastructure with New Data Centers and 2Africa…
Meta is intensifying its efforts to boost Africa’s digital transformation through major investments in data…
First Fund Customers Threaten Protest Over GH¢170m Locked Funds After Six-Year…
Aggrieved investors of First Fund, a scheme formerly managed by the defunct First Banc Financial Services, have…
Ghana Attracts $652 Million in Investments in 2024 Despite 5% FDI Decline
Ghana secured $651.7 million in investments in 2024, reflecting resilience in its investment climate despite a 5%…
Banks’ Cash Deposits with CBN Drop 41.6% as Borrowing Hits ₦820bn Amid Tight…
Nigeria’s banking sector experienced a dramatic liquidity shift last week as commercial banks slashed excess cash…
US Records $576 Million Trade Surplus with Nigeria in 2025 as Exports Surge,…
The United States swung to a $576 million trade surplus with Nigeria in the first half of 2025, marking a sharp…
Dangote Refinery Fuel Rollout Stalled as FG, Marketers Clash Over CNG Logistics…
The planned nationwide rollout of petroleum products by Dangote Petroleum Refinery has hit a major setback…
Tinubu Secures Petrobras’ Return to Nigeria, Signs Landmark Nigeria–Brazil Trade…
President Bola Tinubu has announced the imminent return of Brazil’s state-owned oil giant Petrobras to Nigeria,…
European Markets Set for Lower Open Amid Trump-Fed Clash and French Budget…
European stock futures are pointing to a weaker open on Tuesday as investors react to heightened global political…
NGX Dividend Drought: 45 Companies Go Five Years Without Payouts
Forty-five of the 146 companies listed on the Nigerian Exchange Limited (NGX) have not paid dividends in at least…
U.S. Trade Surplus with Nigeria Hits $576 Million in 2025 Amid Rising Tariffs
The United States recorded a $576 million trade surplus with Nigeria in the first half of 2025, reversing a $779…
OpenAI Warns Against Unauthorized Equity Sales Amid $300B Valuation and Jony Ive…
OpenAI has issued a stern warning to investors and the public over unauthorized sales and investment schemes…
Meta and X Face NITDA Sanctions for Flouting Nigeria’s Internet Code of Practice
Meta, the owner of Facebook, Instagram, WhatsApp, and Threads, and X, formerly Twitter, have been flagged for…
Naira to Gain Temporary Boost as U.S. Plans Interest Rate Cuts
The naira could experience a short-term appreciation against the U.S. dollar as the Federal Reserve signals…
Africa Prudential Records 75% Profit Growth in H1 2025 on Strong Diversified…
Africa Prudential Plc has reported a robust financial performance for the first half of 2025, posting a 75 percent…