Nigeria, Hong Kong Sign Double Taxation Agreement to Boost Trade and Investment
Nigeria and the Hong Kong Special Administrative Region of the People’s Republic of China have officially signed a landmark Double…
Category: Business
China Oil Inventories Emerge as Key Force Behind the Next Global Oil Rally
China’s massive oil stockpiles are rapidly becoming one of the most influential factors in the global energy market, with analysts…
Global Smartphone Shipments Drop as AI Hijacks Chip Supply
Imagine walking into a store to replace your aging phone, only to find the price tag has jumped by nearly…
Stock Futures Rise as Cooling Inflation Boosts Fed Rate Cut Hopes
Wall Street appeared set for another positive session on Wednesday as stock futures edged higher following a surprisingly soft U.S.…
Top Shariah-Compliant Mutual Funds in Nigeria Spark 74% Asset Surge in H1 2026
Ethical investing is no longer just a niche moral choice in Nigeria—it is officially a highly lucrative wealth strategy. Fresh…
Nigerian Stock Market Rebounds as Market Capitalisation Surges by N719bn
After two consecutive days of losses, the Nigerian stock market staged a strong comeback on Tuesday, delivering a significant boost…
Federal Govt Inaugurates Joint Decarbonisation Group For Oil, Gas Sector
Nigeria has taken a major step toward balancing economic growth with climate responsibility following the inauguration of the Joint Decarbonisation…
US June Inflation Cools to 3.5% as Energy Dropped, But Middle East War Threatens Relief
American consumers caught a rare break last month as US June inflation cooled faster than anyone expected. Fresh Labor Department…
FG Grants Shell $11.5 Per Barrel Tax Credit to Unlock $20 Billion Bonga Deepwater Investment
The Federal Government has approved a special production-linked tax credit for Shell Plc’s Bonga Southwest Aparo deepwater oil project, a…
US stocks climb as inflation eases, banks impress
Wall Street caught a breath of fresh air on Tuesday morning as cooling inflation data and a blockbuster start to…
NGX Loses N1.32 Trillion as Profit-Taking Triggers Broad Market Sell-Off
The Nigerian Exchange (NGX) started the week on a bearish note as investors wiped off an estimated N1.32 trillion from…
NNPC and African Oil Giants Unite to Launch $5B Bank and End Fuel Imports
Africa is officially tired of exporting its wealth and buying it back at a premium. In a massive push toward…
NGX Rebounds by N719 Billion as FirstHoldCo and MTN Nigeria Lead Market Recovery
The Nigerian Exchange (NGX) staged a strong comeback on Tuesday, adding N719 billion to its market capitalisation as renewed investor…
Dangote’s Dollar Fuel Pricing Sparks Fresh Pressure on Naira and Pump Prices
Nigeria’s downstream petroleum sector is facing fresh uncertainty following Dangote Petroleum Refinery’s decision to price refined petroleum products in U.S.…
Nigeria, Ghana, Côte d’Ivoire, Cameroon form alliance to end raw cocoa exports
For decades, the story of African cocoa has been one of missed opportunity: the continent grows the vast majority of…
Tinubu Urges Afreximbank to Fast-Track Africa’s Industrialisation and Economic Growth
President Bola Ahmed Tinubu has called on the African Export-Import Bank (Afreximbank) to play a more active role in driving…
DMO Opens N1.2 Trillion Bond Auction as Federal Government Seeks Investor Subscriptions
The Debt Management Office (DMO) has announced the opening of subscriptions for a N1.2 trillion federal government bond auction, providing…
Nigeria Oil Sector Reforms: IPPG Pushes for Coordinated Action to Boost Global Competitiveness
Nigeria’s oil and gas industry has been urged to embrace a new wave of coordinated reforms aimed at transforming the…
South Africa Strategic Oil Reserve Plan Targets 36 Million Barrels to Boost Energy Security
South Africa is set to significantly strengthen its energy security with plans to establish a strategic petroleum reserve of approximately…
African Union Pushes for Greater Livestock Investment to Unlock Africa’s Pastoral Economy
The African Union has intensified calls for greater investment in Africa’s pastoral livestock sector, describing it as a largely untapped…
Nigerian Stock Market Loses N1.32 Trillion as Investor Risk Aversion Deepens Sell-Off
The Nigerian stock market suffered a significant setback on Monday as heightened investor caution erased N1.32 trillion from the Nigerian…
Dow Futures Slide as IBM Earnings Miss and Oil Prices Surge Ahead of Key Inflation Report
Wall Street faced fresh pressure on Tuesday morning as Dow futures tumbled more than 250 points, driven by disappointing corporate…
Dangote Refinery Switches to Dollar Pricing, Ends Naira Payments for Petrol Sales
Dangote Petroleum Refinery has officially ended naira-denominated transactions for the sale of petrol, diesel, and aviation fuel, marking a significant…
TotalEnergies Demands Nigeria’s Gas Potential Unlocked For Domestic Market, Exports
Nigeria is sitting on an energy goldmine, and the world is officially knocking on its door. At the 25th Nigeria…
Nigeria Overnight Funding Market Hits Record N97.45 Trillion as NOFR Holds Steady at 22%
Nigeria’s overnight funding market reached a historic milestone in June 2026, with total transaction volumes climbing to a record N97.45…
Oil Prices Surge Above $80 as Trump Revives Iran Blockade, Raising Global Supply Fears
Global oil markets were shaken on Monday as crude prices surged above $80 per barrel following a dramatic escalation in…
Nigeria and Hong Kong Sign Historic Double Taxation Agreement to Protect Investors
In a major win for international business, Nigeria and Hong Kong have officially joined forces to eliminate the financial headache…
IMF July economic outlook: Oil lifts Nigeria, AI lifts the World’s winners
The latest IMF July economic outlook paints a picture of resilient growth, projecting a steady 4.1% expansion for Nigeria in…
Nigeria FX Market Turnover Drops 46.57% to $1.63 Billion as Trading Activity Slows
Nigeria’s FX market turnover recorded its steepest weekly decline of 2026, falling by 46.57% to $1.63 billion in the week…
Nigeria-Brazil Agricultural Trade Deal Officially Kicks Off
Nigeria and Brazil have officially moved from paperwork to policy as the two nations begin implementing a major new agricultural…