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NGX Sets New Equity Pricing Rules to Curb Market Distortions
The Nigerian Exchange Limited (NGX) is set to introduce a new equity pricing framework from August 17, 2026, in a…
SEC Urges FCTA to Tap N217trn Capital Market for Abuja Infrastructure
The Securities and Exchange Commission (SEC) has called on the Federal Capital Territory Administration (FCTA) to…
S&P 500 Futures Edge Higher as Markets Watch Hormuz Deal and Inflation Data
U.S. stock futures started Monday slightly higher as investors balanced fresh hopes for a deal involving the Strait…
Nigeria Moves to Tackle Crude Shortages as Refineries Face Supply Pressure
Nigeria is taking fresh steps to address crude oil supply shortages to local refineries, as the Nigerian Midstream…
Iran Blocks US Talks as Strait of Hormuz Uncertainty Threatens Oil Prices Again
Oil prices could be heading for another sharp rise after Iran ruled out resuming direct negotiations with the…
Nigeria Sets Sights on Africa’s $1tn AI Economy as GITEX NIGERIA Returns
Nigeria is making a stronger push to capture a larger share of Africa’s fast-growing artificial intelligence…
Hormuz Tensions Escalate as New Tanker Strike Report Sends Oil Markets on Edge
Tensions around the Strait of Hormuz have taken another worrying turn after reports emerged that a tanker was…
Nigeria’s Oil Import FX Demand Soars 115% Despite Rising Local Refining
Nigeria’s foreign exchange demand for oil-sector imports jumped by 114.91 per cent to $4.86bn in 2025, underscoring…
Tanzania Courts Dangote for Fresh Fertiliser, Energy Investments
Tanzania is stepping up efforts to attract fresh investments from the Dangote Group, with the East African nation…
Global Stocks Rally as Weak US Jobs Data Eases Fed Rate Hike Fears
Global stocks started the week on a stronger footing as fresh US jobs data eased fears that the Federal Reserve…
Recapitalisation: Anxiety grows as NAICOM decides fate of eight insurers
Anxiety is building across Nigeria’s insurance sector as eight insurers remain under regulatory review, days after…
Tinubu Backs NGX Push to Expand Capital Market, Attract New Listings
President Bola Tinubu has thrown his weight behind fresh efforts to expand Nigeria’s capital market, as the…
CBN Cancels N700bn T-Bills Auction as Banking System Faces Liquidity Squeeze
The Central Bank of Nigeria (CBN) has cancelled its planned N700bn Treasury Bills auction, a move that has drawn…
Nigeria Spends N3.14trn Servicing Domestic Debt in Q1 2026 – DMO
Nigeria’s domestic debt bill continued to climb in the first quarter of 2026, with the Federal Government spending…
Nigeria’s Tax Revenue Soars to N27.1tn as Collections Jump 113%
Nigeria’s tax revenue has more than doubled in less than three years, climbing from N12.3tn in 2023 to N27.1tn by…
Financial, Oil Stocks Drive NGX Trading as Shares Worth N139bn Change Hands
Trading activity on the Nigerian Exchange (NGX) picked up in volume last week as investors exchanged 5.35 billion…
Grindr’s AI Strategy Pays Off as Premium Edge Tier Surprises CEO
Grindr’s aggressive investment in artificial intelligence is beginning to show results, with the LGBTQ-focused…
African Startup Funding Crashes 80% as Investors Turn to Debt
African startup funding suffered a major setback in July 2026, falling to just $102.2 million as investors became…
Fuel Subsidy Cost Nigeria N1.16tn in 2021 as Senate Panel Threatens…
Nigeria’s fuel subsidy bill hit a staggering N1.16 trillion in 2021, as the Senate’s ongoing investigation into the…
India Turns to Nigeria for 4 Million Barrels as US-Iran Crisis Disrupts Oil Supply
India is turning increasingly to Nigeria for crude oil as growing tensions linked to the US-Iran crisis continue to…
CBN Survey: Multiple Taxation Remains Nigeria’s Biggest Business Headache
Businesses across Nigeria are still struggling under the weight of multiple taxes and levies, despite the Federal…
Naira Holds Firm at N1,367/$ as CBN Steps Up Dollar Support
The Nigerian naira continued to show resilience in the foreign exchange market, trading around N1,367 to the US…
Africa50 Secures $50m to Fast-Track Green Infrastructure Across Africa
Africa50 has secured $50m in fresh funding from two international development finance institutions to speed up the…
BOI Opens N250bn Bond Offer to Boost Business Funding Across Nigeria
The Bank of Industry (BOI) has opened subscriptions for a N250bn bond aimed at raising long-term funding for…
SEC Moves to Unlock Billions in Unclaimed Assets, Protect Investors
The Securities and Exchange Commission (SEC) is stepping up efforts to tackle Nigeria’s growing unclaimed financial…
S&P 500 Futures Hold Steady as Wall Street Awaits Key July Jobs Report
S&P 500 futures were little changed early Friday as investors kept their eyes on the highly anticipated July…
Africa’s Capital Markets Rally as Investors Bet on the Continent’s Growth Story
Africa’s financial markets are showing fresh signs of momentum as investors increasingly back the continent’s…
Cameroon Cocoa Production Falls 20% as Exports and Earnings Slide
Cameroon’s cocoa industry has suffered a sharp setback, with Cameroon cocoa production falling by 20% in the…
Ghana’s Inflation Falls to 4.6% as Food Prices Ease, Boosting Economic Recovery
Ghana’s inflation rate took a welcome step downward in July, falling to 4.6% from 5.3% in June and marking the…
BoG Orders Banks to Cut Bad Loans to 10% by December
The Bank of Ghana (BoG) has ordered banks and other regulated financial institutions to reduce their non-performing…