Brent Crude Surges Above $90 as Strait of Hormuz Tensions Escalate
Brent crude oil prices climbed above $90 per barrel on Monday as renewed tensions between Iran and the United States…
Category: Business
Proposed Crude Swap Could Save Nigerian Refiners Up to $329m
Nigeria’s domestic refineries could have saved as much as $328.8m in the first half of 2026 if the proposed crude…
Food Inflation Hits 20.31% in July as Rising Prices Put Fresh Pressure on Nigerians
Nigeria’s food inflation rate climbed sharply to 20.31% year-on-year in July 2026, reaching its highest level in 10 months and…
Otedola Boosts First HoldCo Stake With Fresh N20.7bn Share Purchase
Femi Otedola, Chairman of First HoldCo Plc, has further increased his stake in the financial services group after purchasing shares…
FG Offers Nigerians Up to ₦50m Housing Loan at 6% — How to Apply
The Federal Government, through the Federal Mortgage Bank of Nigeria (FMBN), is offering eligible Nigerians an opportunity to finance their…
$25bn Nigeria-Morocco Gas Pipeline Faces Fresh Delays Amid Growing Concerns
The much-anticipated Nigeria-Morocco Gas Pipeline is facing fresh concerns over delays, with the more than $25 billion project yet to…
Five best-performing insurance stocks in 2026 amid recapitalization
Nigeria’s insurance sector is showing a striking split in performance in 2026, with a handful of stocks delivering impressive gains…
CBN Faces New Test as Price Stability Raises Pressure to Revive Credit and Economic Growth
Nigeria’s progress in taming inflation and stabilising the foreign exchange market is beginning to create a new economic question: when…
CBN: Nigeria’s IMTO Inflows Hit Record $1.29bn in Q1 2026, Rise 45%
Nigeria’s inflows through International Money Transfer Operators (IMTOs) surged to a record $1.29 billion in the first quarter of 2026,…
Japan’s Oil Crisis Eases, but Soaring Import Costs Keep Economy Under Pressure
Japan’s oil crisis may be showing signs of easing, but the country is still paying a heavy economic price for…
Nigeria’s Business Week: NESG Forum, MSME Summit and $50bn Offshore Investment in Focus
Nigeria’s business landscape is set for a busy week as policymakers, investors, entrepreneurs and industry leaders prepare for a series…
BREAKING: Nigeria’s inflation rate drops to 15.43%
Nigeria’s inflation dropped further to 15.43 percent in July 2026, down from 15.91 percent recorded in June. The National Bureau…
Nigeria’s Renewable Energy Push Could Deepen Inequality, Study Warns
Nigeria’s ambitious push toward renewable energy could be creating a new wave of inequality in the communities meant to benefit…
Fresh Petrol and Diesel Cargoes Arrive as Nigeria’s Fuel Supply Improves
Fresh supplies of petrol and diesel are arriving at major coastal terminals in Lagos and Warri, offering a potential boost…
FG Unveils 70:30 Profit-Oil Split to Attract New Deep Offshore Investments
The Federal Government has introduced a major fiscal incentive aimed at attracting fresh investment into Nigeria’s deep offshore oil and…
Nigeria Exports N306bn Worth of Jet A1 to Europe and West Africa as Global Fuel Market Shifts
Nigeria has exported about 245,000 tonnes of Jet A1 aviation fuel valued at N306 billion ($223 million) to destinations across…
Nigeria’s Net FX Flow Drops 29% to $4.94 Billion in March 2026
Nigeria’s net foreign exchange (FX) flow fell sharply to $4.94 billion in March 2026, representing a 29% decline from the…
CBN Policy Change Sends OMO Demand Soaring to N6.01tn as Investors Rush In
The Central Bank of Nigeria’s (CBN) decision to widen access to Open Market Operation (OMO) securities has triggered a sharp…
CBN Boosts FX Interventions to $953m as Dollar Demand Rebounds
The Central Bank of Nigeria (CBN) significantly increased its foreign exchange interventions in March 2026, selling $953.41 million into the…
U.S. Stock Futures Slip as S&P 500 Rally Faces Fresh Test
U.S. stock futures edged lower on Monday as investors took a cautious approach following the S&P 500’s third straight weekly…
SEC Bans Capital Market Firms From Dealing With North Korea, Iran
The Securities and Exchange Commission (SEC) has ordered Nigerian capital market firms to stop conducting business with financial institutions linked…
Nigerian Stocks Enter Healthy Correction as Investors Hunt for Bargains
Nigerian stocks are undergoing a period of market correction as investors take profits after a strong year-to-date rally, with analysts…
NGX Postpones New Pricing Rules Hours Before Scheduled Monday Take-Off
The Nigerian Exchange (NGX) has postponed the implementation of its revised pricing methodology for equities trading, just a day before…
NGX Trading Volume Soars 127% to N176bn as Investors Rebalance Portfolios
Trading activity on the Nigerian Exchange Limited (NGX) jumped sharply in the week ended August 14, 2026, with investors exchanging…
Dangote Refinery Puts Foreign Listing on Hold as $5 Billion Nigerian IPO Takes Centre Stage
Dangote Petroleum Refinery has ruled out pursuing an overseas stock market listing for at least the next three years, choosing…
Pound Holds at N1,837 as Naira Stability Faces Global Currency Pressure
The British pound held around N1,837 against the naira as the Nigerian currency maintained its relative stability despite growing pressure…
Recapitalisation Set to Boost Bank Lending and Tech Investment in H2 2026
Nigeria’s banking sector is entering the second half of 2026 with a stronger financial foundation, following the completion of the…
OPEC: Oil Output, Reforms Sustain Nigeria’s Economic Growth
Nigeria’s economic outlook is showing signs of continued improvement, with higher oil production, ongoing government reforms and stronger private-sector activity…
Nigeria’s $50bn Offshore Oil Investment Push Puts Security in the Spotlight
Nigeria’s ambitious plan to attract between $30 billion and $50 billion in offshore oil and gas investments by 2030 is…
Apple Trains China-Specific AI Model With Alibaba Support
Apple is taking a major step to strengthen its artificial intelligence presence in China by training its own AI model…