Browsing Category
Business
Stock Futures Flat as Investors Await Nvidia Earnings: AI Demand Fuels Market…
Stock futures were little changed on Wednesday as Wall Street awaited Nvidia’s highly anticipated earnings report,…
Nigeria Faces 18.9% Oil Production Deficit, Missing 2025 Budget Target by 82.5…
Seven months into the 2025 fiscal year, Nigeria’s crude oil output has fallen short of projections by 82.46…
Naira Falls to N1,550/$ in Parallel Market as FX Gap Widens
The Naira weakened further on Tuesday, sliding to N1,550 per dollar in the parallel market, down from N1,540…
Kaduna Governor Hails $30 Billion Investment Opportunities from Tinubu’s Brazil…
Kaduna State Governor Uba Sani has praised President Bola Tinubu’s recent state visit to Brazil as a…
Nigeria’s Stock Market Surges: Local Investors Drive N1.81 Trillion FPI Boom in…
Nigeria’s stock market witnessed a remarkable surge in July 2025, with foreign portfolio investment (FPI) hitting…
Asian Stocks Slide Amid Trump’s Fed Shakeup and Chip Export Threats
Asian stocks fell on Tuesday as investors reacted to a series of market-altering announcements from US President…
French Stocks Tumble as Bayrou Faces No-Confidence Threat Amid Budget Clash
French stocks fell sharply on Tuesday as political uncertainty gripped Paris ahead of a critical no-confidence…
Stockbrokers Call for Capital Market Reforms to Achieve Nigeria’s $1 Trillion…
The Chartered Institute of Stockbrokers (CIS) has urged the Federal Government to implement comprehensive capital…
Meta Expands Africa’s Digital Infrastructure with New Data Centers and 2Africa…
Meta is intensifying its efforts to boost Africa’s digital transformation through major investments in data…
First Fund Customers Threaten Protest Over GH¢170m Locked Funds After Six-Year…
Aggrieved investors of First Fund, a scheme formerly managed by the defunct First Banc Financial Services, have…
Ghana Attracts $652 Million in Investments in 2024 Despite 5% FDI Decline
Ghana secured $651.7 million in investments in 2024, reflecting resilience in its investment climate despite a 5%…
Banks’ Cash Deposits with CBN Drop 41.6% as Borrowing Hits ₦820bn Amid Tight…
Nigeria’s banking sector experienced a dramatic liquidity shift last week as commercial banks slashed excess cash…
US Records $576 Million Trade Surplus with Nigeria in 2025 as Exports Surge,…
The United States swung to a $576 million trade surplus with Nigeria in the first half of 2025, marking a sharp…
Dangote Refinery Fuel Rollout Stalled as FG, Marketers Clash Over CNG Logistics…
The planned nationwide rollout of petroleum products by Dangote Petroleum Refinery has hit a major setback…
European Markets Set for Lower Open Amid Trump-Fed Clash and French Budget…
European stock futures are pointing to a weaker open on Tuesday as investors react to heightened global political…
NGX Dividend Drought: 45 Companies Go Five Years Without Payouts
Forty-five of the 146 companies listed on the Nigerian Exchange Limited (NGX) have not paid dividends in at least…
U.S. Trade Surplus with Nigeria Hits $576 Million in 2025 Amid Rising Tariffs
The United States recorded a $576 million trade surplus with Nigeria in the first half of 2025, reversing a $779…
Naira to Gain Temporary Boost as U.S. Plans Interest Rate Cuts
The naira could experience a short-term appreciation against the U.S. dollar as the Federal Reserve signals…
Africa Prudential Records 75% Profit Growth in H1 2025 on Strong Diversified…
Africa Prudential Plc has reported a robust financial performance for the first half of 2025, posting a 75 percent…
Nigeria’s Financial Markets Show Resilience Amid Global Economic Uncertainty
Nigeria’s economy expanded by 3.13% in Q1 2025, surpassing last year’s 2.27% but falling short of the 4.9%…
Ghana Pays GH¢9.7bn DDEP Coupon to Restore Investor Confidence Ahead of Bond…
Ghana’s government has settled GH¢9.7 billion in coupon arrears under the Domestic Debt Exchange Programme (DDEP),…
Dangote Refinery Receives 1,000 CNG Trucks, Fuel Distribution to Begin in…
The Dangote Petroleum Refinery is set to launch its direct fuel distribution scheme in the coming weeks as 1,000…
Nigeria Data Protection Act Enforcement: NDPC Targets Banks, Insurers, and Tech…
The Nigeria Data Protection Commission (NDPC) has launched an aggressive enforcement drive targeting financial…
Dangote Refinery and Petrol Prices: 10 Swings in 10 Months Despite Local Supply
Nigeria’s petrol market has experienced dramatic volatility since the Dangote Refinery began supplying fuel in…
CBN Raises ₦8.99 Trillion via T-Bills in 7 Months as Rates Drop to 15%
The Central Bank of Nigeria (CBN) raised a total of ₦8.99 trillion through Treasury Bills (T-Bills) auctions in…
Nigerian Breweries, International Breweries, Champion Breweries Post N1.09…
Nigerian Breweries Plc, International Breweries Plc, and Champion Breweries Plc collectively recorded an…
FCMB Group Plans Equity Capital Raise to Fund Regional and International Expansion
FCMB Group Plc has announced plans to raise equity capital as part of its strategy to strengthen its capital base…
Nigeria’s GDP to Grow 3.2%-3.9% in Q2 2025 on Rebasing, FX Stability, and Stronger…
Nigeria’s economy is on track to post faster growth in the second quarter of 2025, with analysts projecting real…
European Stocks Open Lower as Orsted Plunges 18% Amid U.S. Project Halt
European markets started the week on a weaker note, with the pan-European Stoxx 600 slipping 0.2% in early trading…
Ghana Misses T-Bill Target for Third Consecutive Week as Yields Climb
Ghana’s Treasury Bill market remained under pressure last week as the government failed to meet its issuance…