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Oil Supply Shock: Strait of Hormuz Closure Triggers Historic Crude Crisis and…
The global oil market is facing what analysts are calling the most severe supply shock in history, after the…
UK-Nigeria Tech Hub Launches Creative Fund to Boost Film, Fashion and Music…
The UK-Nigeria Tech Hub has officially launched a Creative Fund aimed at strengthening Nigeria’s…
NUPRC Board Resumes Duties, Pledges Oil Sector Reforms Amid Global Energy…
The newly inaugurated board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially resumed…
Inefficient Refineries Should Be Phased Out to Boost Energy Efficiency – Dangote…
The Managing Director and Chief Executive Officer of Dangote Petroleum Refinery, David Bird, has called for the…
Nigeria, Ghana Lead African Small-Cap Stock Rally as Investors Chase Record…
African equities are experiencing a powerful shift in 2026, as small-cap stocks take centre stage in driving market…
NNPC Hikes Oil Prices Amid US-Iran War as Global Crude Surges
Nigeria’s oil sector has seen a sharp shift as the Nigerian National Petroleum Company Limited (NNPC)…
NGX Sees 107.7% Surge in Foreign Investment to N288.82bn as Investor Confidence…
Foreign investor participation on the Nigerian Exchange Limited (NGX) recorded a significant rebound in March 2026,…
VFD Group Reports N5.1 Billion Q1 2026 Profit as Investment Income and Other Gains…
VFD Group Plc has kicked off 2026 on a strong note, reporting a pretax profit of N5.1 billion for the first quarter…
Naira Weakens to N1,383/$ as External Reserves Drop Deepens FX Pressure
The Nigerian naira continued its downward slide on Tuesday, closing at N1,383 against the US dollar,…
European Stocks Slip as UAE OPEC Exit Clouds Global Oil Supply Outlook
European markets opened slightly lower on Wednesday, as investors reacted to a mix of corporate…
CBN Restricts BDC Access to Forex Market Over Compliance Risks
Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has continued to limit the access of Bureau De Change (BDC)…
CSCS Declares N1.78 Dividend as Profit Climbs on Strong Market Activity
Shareholders of the Central Securities Clearing System Plc (CSCS) have approved a total dividend payout of N8.9…
Naira Weakens to N1,369 per Dollar as External Reserves Drop $731 Million Amid FX…
The Nigerian Naira weakened further on Monday, slipping to N1,369 per US dollar, down from N1,361.5/$ recorded at…
CBN Pushes for Single-Digit Inflation Target Amid Global Shocks as Nigeria Defends…
Nigeria’s economic managers are standing firm on their long-term goal of achieving single-digit inflation, even as…
AI Reduces Nigeria Media Traffic by 26% as Digital News Consumption Shifts
Nigeria’s digital media landscape has experienced a major shake-up, with audience traffic dropping by 26.2% in…
China Blocks Meta Manus AI Deal: Tightening Grip on U.S.-China Tech Rivalry in AI…
China has officially blocked Meta’s proposed $2 billion acquisition of the AI startup Manus, marking a major…
China Blocks Meta’s $2B Manus Acquisition After Regulatory Probe Into AI Deal
China’s top economic regulator, the National Development and Reform Commission (NDRC), has officially blocked…
US Dollar Weakens Ahead of Fed Decision as Middle East Tensions Ease and Oil…
The US dollar weakened on Monday as global markets reacted to shifting geopolitical signals from the Middle East…
European Markets Rise as Trump Weighs Iran Peace Proposal; Energy Stocks Lead…
European stock markets edged higher on Tuesday as investors reacted cautiously to geopolitical developments…
Nigerian Stock Market Drops N1.36tn as Banking Stocks Trigger Heavy Sell-Off
The Nigerian stock market opened the week on a bearish note as investors lost about N1.365 trillion in market value…
FGN Bond Auction Draws N948bn in Strong Investor Demand Across Three Maturities
Nigeria’s domestic debt market recorded a strong showing in April 2026 as the Federal Government’s latest bond…
Nigeria Stock Market Hits Record N4.14 Trillion in Q1 2026 as Investor…
Nigeria’s stock market has recorded its strongest quarter in history, with total transactions surging to N4.14…
Nigerian Crude Hits $113 as Iran–Hormuz Crisis Drives Global Oil Shock
Nigerian crude oil has surged to its highest levels in recent years, with benchmark grades trading above $113 per…
Dangote Refinery Says Petrol, Diesel Prices Are Being Subsidised Amid Rising Crude…
A senior official of the Dangote Group has disclosed that the Dangote Petroleum Refinery is currently subsidising…
OpenAI Ends Microsoft Legal Risk in New Deal That Frees Amazon AWS Partnership
Microsoft and OpenAI have officially reshaped one of the most important partnerships in the tech industry,…
FG Moves to Cut Aviation Fuel Costs with Naira-for-Crude Expansion
Nigeria’s federal government is considering a major shift in aviation fuel pricing as a technical committee…
Nigeria Reduces Meta Fine in Data Privacy Case, Shifts Focus to Compliance Reform
Nigeria’s data protection regulator has clarified that the widely reported cancellation of a $32.8 million fine…
Nigeria Eurobond Rally Gains Momentum as Investors Shift to Mid-Term Bets
Nigeria’s Eurobond market is experiencing a strong rally, with yields dropping to their lowest level in four years…
Nigeria Crude Oil Production Hits Five-Year High at 1.71 Million BPD — NNPC…
Nigeria’s crude oil production has climbed to 1.71 million barrels per day between April 2025 and April 2026,…
Naira Outperforms African Currencies Despite Rising FX Pressure
Nigeria’s naira has emerged as one of the strongest-performing currencies in Africa so far in 2026, even as global…