European Stocks Dip as Markets Await Ukraine Talks and Jackson Hole Signals
European Markets Slip as Traders Brace for Geopolitical and Fed CuesEuropean stock markets edged lower on Monday as investors turned…
Category: Business
Nigeria Sustains Oil Production Above OPEC Quota for Second Straight Month
Nigeria’s crude oil production exceeded its OPEC quota for the second consecutive month, hitting an average of 1.507 million barrels…
Food Price Surge Threatens Inflation Gains, CPPE Warns — Urges Structural Reforms
Despite a decline in headline inflation for the fourth consecutive month, the Centre for the Promotion of Private Enterprise (CPPE)…
Telecom Operators Warn of Investment Drop in Nigerian States with Hostile Policies – ALTON
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has raised concerns that some Nigerian states may miss out on…
MTN Nigeria’s Operating Cash Flow Hits N956bn, Highest in a Decade, as Profit Soars 180%
MTN Nigeria Communications Plc has posted its strongest cash flow performance in a decade, with cash generated from operations rising…
Nigeria Pushes $1 Trillion Digital Economy Ambition with GITEX 2025 Tech Summit in Abuja and Lagos
Nigeria is accelerating its ambition to build a $1 trillion digital economy by 2030, driven by a dynamic ecosystem of…
Nigeria’s Currency Outside Banks Falls to N4.49trn in June, Still 90% of Cash in Circulation
Currency outside Nigeria’s formal banking sector dropped slightly to N4.49 trillion in June 2025, compared to N4.63 trillion in May, according to…
European Stocks Trade Mixed as Trump-Zelenskyy Talks on Ukraine Peace Loom
European markets opened mixed on Monday as investors awaited a high-stakes White House meeting between U.S. President Donald Trump, Ukrainian…
NAICOM Sets July 2026 Deadline for New Insurance Capital Requirements Under NIIRA 2025
The National Insurance Commission (NAICOM) has given insurance and reinsurance companies in Nigeria a 12-month deadline to comply with the…
Stable Naira, Harvest Season Expected to Ease Nigeria’s Inflation – Analysts
Nigeria’s inflation outlook is showing signs of relief as analysts project further easing in the coming months, supported by stable…
Google Fined $36 Million in Australia for Anti-Competitive Telco Deals
Google has agreed to pay a $36 million (A$55 million) fine in Australia after admitting to striking anti-competitive deals with major telecom…
NNPC–Sahara JV, WAGL Energy, Expands LPG Fleet Beyond 160,000 Cubic Meters
WAGL Energy Limited, a joint venture between the Nigerian National Petroleum Company (NNPC) Limited and Sahara Group, has boosted its…
T-bill Auction Undersubscribed as Investors Shift Amid Falling Yields
The latest treasury bill auction in Ghana ended in a 35 percent undersubscription, reflecting weakening investor appetite for government short-term…
Cedi Strengthens as Fiscal Discipline and Debt Deals Boost Ghana’s Economic Recovery – World Bank
Ghana’s cedi has strengthened in 2025, supported by fiscal discipline and progress in debt restructuring, according to the World Bank’s…
Nigerian Equities Market Loses N713bn in One Week as Investors Rotate Portfolios
The Nigerian Exchange (NGX) closed the week ended August 15, 2025, in negative territory as the equities market shed N713 billion…
Nigeria Capital Market Soars on Policy Reforms, But Sustainability Questions Remain
Nigeria’s capital market is experiencing one of its strongest rallies in history, driven by sweeping policy reforms. Market capitalization has…
Tinubu Appoints Opeyemi Agbaje PENCOM Chairman
President Bola Tinubu has appointed strategic policy analyst, Opeyemi Agbaje, as the Chairman of the National Pension Commission. Mr Agbaje…
Over 4,000 Companies Yet To Complete E-Invoicing System Onboarding – FIRS Official
The Federal Inland Revenue Service (FIRS) says more than 4,000 large taxpayers in Nigeria are yet to complete the onboarding…
FCMB And FMO Unveil ₦20 Million AgriTech Investment Readiness Programme For Nigerian Startups
In a bid to foster innovation and sustainability in agriculture, First City Monument Bank (FCMB) and the Dutch Entrepreneurial Development…
Bitcoin Surges to $124K Amid Trump Crypto Reforms and Fed Rate Cut Bets
Bitcoin soared to a record high of $124,000 early Thursday as investor confidence surged around President Donald Trump’s pro-cryptocurrency reforms…
Cyber Attack Disrupts Nigeria Customs Cargo Clearance, Importers Face Demurrage Losses
A cyber attack on the Nigeria Customs Service’s (NCS) Information Communication Technology (ICT) platform caused major disruptions to cargo clearance…
Insurance Stocks Surge in Nigeria as NIIRA 2024 Sparks Investor Confidence
The Nigerian stock market maintained its bullish streak for the 11th consecutive week, with the All-Share Index (ASI) climbing 4,491.86…
Naira Holds Longest Stability Streak of 2025 as Dollar Weakens and Reserves Climb
The naira is experiencing its most prolonged period of stability this year, trading within a narrow range of ₦1,520 to…
Nigerian Breweries, MTN, Nestlé Set to Revive Dividend Payouts in 2026 as Profits Surge
After two years of foreign exchange volatility and soaring finance costs that forced top Nigerian companies to halt shareholder rewards,…
Big Tech’s Tariff Deals: How Nvidia, AMD, and Apple Are Paying to Avoid Trump’s China Trade War
Major U.S. technology companies are making unprecedented financial commitments to sidestep President Donald Trump’s escalating tariffs on Chinese trade. In…
Google Faces $34.5B Chrome Bid from Perplexity Amid Antitrust Breakup Threat
Google is confronting a dramatic challenge to its dominance as AI-powered search startup Perplexity has offered $34.5 billion to acquire…
Afri Invoice Creates 150 Marketing Roles to Drive SME Digital Transformation in Nigeria
Afri Invoice, Nigeria’s first locally developed e-invoicing platform, has launched a recruitment campaign to fill 150 new marketing roles across…
Nigeria’s Inflation to Drop to 21.79% in July as Naira Stays Stable – Rewane Forecasts Rate Cut
Nigeria’s inflation rate is expected to fall to 21.79% in July, marking the fourth consecutive monthly decline and the lowest…
Trust Issues and High Bank Fees Keep 25% of Nigerians Unbanked – World Bank Report
A quarter of Nigerians without bank accounts say mistrust of financial institutions and high service charges are preventing them from…
Google to Invest $9 Billion in AI and Cloud Infrastructure Expansion in Oklahoma
Alphabet’s Google has announced plans to invest an additional $9 billion over the next two years to expand its artificial…