Browsing Category
Business
Nigeria’s FX Reserves Surge 15% to $52.66bn, Beat CBN’s 2026 Forecast
Nigeria’s foreign exchange reserves have climbed to $52.66 billion, marking a 15.6 percent increase in less than…
IMF Urges Nigeria to Deepen Fiscal, Monetary and Governance Reforms
The International Monetary Fund (IMF) has urged Nigeria and other major African economies to intensify fiscal,…
Major Shareholders Control 46% of NGX Market Value as Mega-Cap Ownership Tightens
Major shareholders in 10 of Nigeria’s biggest listed companies now control stakes worth an estimated N73.11…
Canada Expands Air Transport Agreement with Nigeria, Opens Door to Direct Flights
The Government of Canada has expanded its air transport agreement with Nigeria, paving the way for direct flights…
Dangote Refinery Expands Free Fuel Delivery to 14 States, Raising Hopes for Lower…
Dangote Petroleum Refinery has expanded its free petroleum product delivery programme to four more states, bringing…
NUPRC Gives 31 Oil Block Winners October Deadline to Pay Signature Bonuses
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given 31 companies that emerged winners of 37 oil…
Alibaba Shares Slide After $10.2 Billion Share Sale to Fund AI Expansion
Alibaba shares came under heavy pressure on Monday after the Chinese technology giant announced an $10.2 billion…
Microsoft Warns Trust Gap Could Hold Back Africa’s AI Growth
Africa could miss out on a major share of the economic opportunities created by artificial intelligence if…
FG Spends N6.47tn on Infrastructure as Lagos-Calabar Highway Takes Lion’s Share
The Federal Government spent N6.47tn on strategic infrastructure projects between June 2023 and December 2025, with…
Tinubu Leads Africa’s Push to Turn Mineral Wealth Into Industrial Power
President Bola Tinubu is set to lead a major African push to gain greater control over the continent’s mineral…
CBN Urged to Tighten Oversight of Fintech, Cloud and Digital Risks
The Central Bank of Nigeria has been urged to widen its regulatory oversight beyond banks and financial…
Stock Futures Slip as Tech Shares Retreat Amid Rising Treasury Yields
Stock futures opened the week slightly lower on Monday as technology shares came under pressure, adding to concerns…
Analysts Project 11.6% Growth for Nigerian Equities in H2 2026 as Investors Turn…
Nigeria’s equities market could record another strong performance in the second half of 2026, with analysts…
Domestic Investors Push NGX Transactions to Record N10.68trn in Seven Months
Domestic investors are driving a major surge in activity on the Nigerian Exchange Limited (NGX), with local…
SEC Proposes N10m Cap on Retail Investors’ Digital Asset Exposure
Nigeria’s Securities and Exchange Commission (SEC) is considering tighter limits on how much retail investors can…
China Chengxin Affirms Afreximbank’s AAA Rating, Citing Strong Financial Position
China Chengxin International Credit Rating Co. Ltd. (CCXI) has reaffirmed the African Export-Import Bank’s…
BOC Kenya Raises Dividend 60% Despite Sharp Profit Decline
BOC Kenya has delivered a mixed financial performance in the first half of 2026, with the industrial and medical…
Car & General More Than Doubles in Two Weeks as NSE Hits Record KSh4.1…
Car & General PLC continued its remarkable run on the Nairobi Securities Exchange (NSE), with its share price…
FEC okays double taxation treaties with Ghana, Tanzania, Switzerland
The Federal Executive Council (FEC) has approved the signing of Double Taxation Avoidance Agreements between…
Naira Gains N1.13, Closes at N1,346.49/$ as Week Ends on Positive Note
The naira ended the trading week on a stronger note, closing at N1,346.49 to the US dollar at the official foreign…
Five Firms Power Nigeria’s $120m Non-Oil Export Surge
Nigeria’s push to reduce its dependence on crude oil is gaining momentum, with five companies generating about…
Abuja Residents Protest 100% AEDC Electricity Tariff Increase as Power Costs Soar
Residents across the Federal Capital Territory are feeling the pressure of rising electricity costs after the Abuja…
Nigeria’s Top Equity Mutual Funds: Zedcrest Leads With 88.58% Return in July 2026
Nigeria’s equity mutual fund market regained momentum in July 2026, with total net asset value (NAV) rising to…
Nigerian Stocks Extend Sell-Off as Haldane McCall Leads Weekly Gainers
Nigeria’s stock market extended its recent decline in the week ended August 21, with the NGX All-Share Index…
NGX Sell-Off Wipes Out N5.9tn as BUA Foods, MTN Nigeria Take Biggest Hit
The Nigerian equities market has suffered a sharp two-week sell-off, wiping approximately N5.9 trillion off its…
Bitcoin jumps above $77,000 on US crypto policy hopes
Bitcoin surged above the $77,000 mark on Friday as growing optimism over cryptocurrency legislation in the United…
United Capital Insider Sells 3,651 Shares in N65,170 Deal
United Capital Plc has notified the Nigerian Exchange Limited (NGX) and the investing public of an insider share…
Meta Expands AI Tools to Help Small Businesses Manage Data, Reports and Social…
Meta is expanding the role of its AI assistant beyond everyday conversations, giving small businesses a new way to…
CBN Urges Nigerians to Embrace Digital Payments for Greater Financial Inclusion
The Central Bank of Nigeria (CBN) has called for wider adoption of digital and alternative payment channels as part…
FG Spends N30.6tn After Subsidy Removal, Says Reforms Generated N15.8tn
Thirty months after President Bola Tinubu removed the petrol subsidy, the Federal Government has disclosed that the…