Saudi Oil Reroutes Hit Capacity and Security Limits
Saudi Arabia is confronting one of its biggest oil export challenges in recent years as escalating security threats across key…
Category: Business
Mobile Money Transactions Hit N372tn as Nigeria’s Digital Payments Boom Accelerates – CBN
Nigeria’s digital payment revolution reached a new milestone in 2025 as mobile money transactions soared to N372.14 trillion, marking an…
Dow Futures Surge Over 400 Points as Trump Halts Iran Strike Plan, Oil Prices Tumble
Wall Street began the new trading month on a positive note as Dow Jones futures jumped more than 400 points…
Fixed-income Market: Investors Trade N29.4trn In July
Nigeria’s fixed-income market witnessed a remarkable surge in activity in July 2026, with investors trading securities worth ₦29.36 trillion, representing…
Banking Stocks Lift NGX Turnover by 32% to N404.7bn Despite Market Pullback
The Nigerian Exchange (NGX) recorded a sharp increase in trading activity in the final week of July 2026, with total…
Oil prices crash after Trump eases Iran tensions, cheaper petrol may follow
Oil prices recorded a sharp decline on Monday after U.S. President Donald Trump signaled a shift toward diplomacy with Iran…
AfDB: West Africa misallocates capital despite $100 billion annual development needs
West Africa is not facing a shortage of money to fund its development ambitions—it is facing a much deeper problem…
Nigeria earns N24tn from crude exports in six months
Nigeria earned an estimated N24.02 trillion from crude oil exports between January and June 2026, reinforcing the country’s dependence on…
Top Nigeria Business Events to Watch This Week: NBS IGR Report, Investment Expo and Economic Updates
As a new week begins, attention is turning to a series of major economic events and policy announcements that could…
Ghana’s Cedi Loses Crown as Africa’s Top Currency After Stunning 2025 Rally
After delivering one of Africa’s most remarkable currency recoveries in 2025, Ghana’s cedi has suffered a dramatic turnaround in 2026,…
Brent crude slides $16 in eight trading days as Trump revives Iran peace talks
Global oil prices suffered a sharp decline after U.S. President Donald Trump announced renewed peace talks with Iran, easing fears…
Nigerian Stock Market Rebounds in July as FirstHoldCo Shines and Two Stocks Deliver Over 100% Gains
The Nigerian stock market bounced back strongly in July 2026, reversing much of June’s losses as investors returned to the…
NNPC Records Highest Profit in 10 Months as June Earnings Rise to ₦535 Billion
The Nigerian National Petroleum Company Limited (NNPC Ltd) has posted its strongest financial performance in nearly a year, reporting a…
Amazon’s Massive AI Investment Pays Off as AWS Growth Drives Strong Earnings
Amazon has reassured investors that its aggressive investment in artificial intelligence infrastructure is paying off, as the tech giant reported…
How China’s Oil Strategy Is Keeping Global Crude Prices Under Control Amid Middle East Crisis
The global oil market has remained surprisingly resilient despite months of severe supply disruptions in the Middle East, and analysts…
Nigeria First Policy Must Work For Manufacturing Sector – Stakeholders
Nigeria’s manufacturing sector could be on the verge of a major transformation following the Federal Government’s introduction of the ‘Nigeria…
Nigeria’s $1tn economy by 2030 not slogan but target – Oyedele
Nigeria’s ambition to become a $1 trillion economy by 2030 is more than an ambitious promise—it is a measurable national…
CBN reforms strengthening naira, stabilising markets — United Capital
Nigeria’s ongoing economic reforms are beginning to deliver positive results, with United Capital Plc expressing confidence that the Central Bank…
NGX extends losing streak, investors lose N1.65 trillion in two days
The Nigerian Exchange (NGX) continued its downward trend on Thursday, with investors losing another N1.005 trillion in market value as…
Nasdaq futures rise as tech stocks lead sharp Wall Street rebound
The U.S. stock market is heading into the final trading day of the week on a positive note as Wall…
Consumer Credit Falls to N3.8 Trillion as Banks Flag Over 13,000 BVNs for Fraud – CBN Report
Nigeria’s banking sector witnessed a significant shift in 2025 as outstanding consumer credit fell for the first time in six…
CBN Cuts One-Year Treasury Bill Yield as Investors Flood Auction with ₦3.62 Trillion Bids
The Central Bank of Nigeria (CBN) has lowered the stop rate on its one-year Treasury Bill after an overwhelming response…
Imported petrol now costs more than Dangote fuel – Report
The cost of importing Premium Motor Spirit (PMS), popularly known as petrol, has now surpassed the price of fuel supplied…
Insurance recapitalisation deadline ends today as sector awaits NAICOM verdict
Nigeria’s insurance industry has reached a defining moment as the recapitalisation deadline officially expires today, leaving operators and investors eagerly…
Naira Climbs to N1,834 per British Pound as Sterling Weakens Against the US Dollar
The Nigerian Naira opened Friday’s trading session at N1,834 per British Pound, reflecting continued fluctuations in the foreign exchange market…
Nigeria’s Private Sector FX Demand Soars as Foreign Exchange Outflows Hit $16.3 Billion in 2025
Foreign exchange demand from Nigeria’s private sector surged dramatically in 2025, with autonomous foreign exchange outflows jumping by an impressive…
NNPC to Acquire Seplat’s 10% Joint Venture Stake in $281.6 Million Deal
The Nigerian National Petroleum Company Limited (NNPC) has reached an agreement to acquire a 10 percent stake in the NNPCL-SEPNU…
Oil Prices Set for Nearly 20% Monthly Jump Despite Market Pullback
Crude oil prices may have slipped over the past few days, but the global market is still on track for…
Nigeria’s E-Invoicing Rollout Exposes Compliance Challenges for Large Businesses
As Nigeria officially enters a new era of digital tax administration, many of the country’s largest businesses are discovering that…
Microsoft Shatters Market Record with Historic $450 Billion One-Day Gain Driven by AI and Cloud Growth
Microsoft has made Wall Street history after adding nearly $450 billion in market value in a single trading day, setting…