Equities Post Modest Rebound As Selective Gains Add N917bn On NGX
Trading at the Nigerian Exchange (NGX) closed on a mildly positive note as selective buying interest helped the market recover, even though most stocks still ended in the red. The…
W’Bank flags skills deficit across African economies
A growing mismatch between the skills African workers have and what employers actually need is becoming a major barrier to economic growth, job creation, and business expansion across the continent.…
FGN Bond Subscriptions Drop 45% as Investors React to Higher Yields in 2026 Auction
Investor confidence in Federal Government of Nigeria (FGN) bonds weakened in May 2026, as total subscriptions dropped sharply by 45.6 per cent compared to the previous month. This decline came…
European Stocks Slip as Bond Yield Surge, Inflation Data Weigh on Investor Sentiment
European stock markets opened in negative territory on Wednesday as investors grappled with rising global bond yields, fresh inflation data from the United Kingdom, and heightened geopolitical tensions in the…
BUA Cement, Banking Stocks Lift NGX as All-Share Index Ends Four-Day Losing Streak
The Nigerian stock market returned to positive territory on Tuesday as gains in BUA Cement and several large-cap banking stocks helped the Nigerian All-Share Index break a four-session losing streak.…
World Bank says global carbon pricing revenue tops $107 billion in 2025
Global carbon pricing revenue climbed above $107 billion in 2025, marking another milestone in the worldwide push to reduce greenhouse gas emissions and accelerate the transition to cleaner energy. The…
South African Investors Set Sights on Dangote Refinery as Africa’s Industrial Future Gains Momentum
Africa’s largest industrial project may soon attract significant South African capital as leading pension and investment institutions expressed strong interest in investing in the Dangote Petroleum Refinery and Petrochemicals. The…
CBN Set to Maintain Tight Monetary Policy as Inflation and Global Oil Shock Deepen Pressure on Economy
Financial analysts and economists are widely expecting the Central Bank of Nigeria (CBN) to maintain its current tight monetary policy stance at its upcoming Monetary Policy Committee (MPC) meeting, as…
Tax reform: FG opens free dispute resolution channels
The Federal Government has launched a new free tax dispute resolution system in Nigeria, allowing taxpayers to resolve issues without paying legal or administrative fees. The initiative is being driven…
CBN Likely to Hold Interest Rate at 26.5% as Inflation Pressures Persist — Analysts
Nigeria’s monetary policy direction is once again in focus as the Central Bank of Nigeria (CBN) prepares for its Monetary Policy Committee (MPC) meeting scheduled for Tuesday, May 19, 2026.…
Nigeria Revenue Service Introduces Unified Tax ID System for All Taxpayers Nationwide
The Nigeria Revenue Service (NRS), in partnership with the Joint Revenue Board (JRB), has officially announced the rollout of a new unified Taxpayer Identification system designed to cover all taxable…
AKK Gas Pipeline Project Set to Revolutionize Nigeria’s Economy and Industrial Growth
Nigeria’s ambitious $2.8 billion Ajaokuta–Kaduna–Kano (AKK) gas pipeline project is being described as a game-changer that could reshape the country’s industrial and economic future. Energy expert and member of the…
Institute Advocates AI Adoption
Artificial intelligence (AI) is rapidly shifting from a theoretical innovation to a powerful driver of transformation across industries, according to the Chartered Institute of Personnel Management of Nigeria (CIPM). The…
Intel Foundry Business Gains Momentum as CEO Signals New Customer Deals and Manufacturing Breakthrough
Intel is seeing renewed optimism around its foundry business as CEO Lip-Bu Tan says the company’s external chip manufacturing arm is gaining strong momentum. Speaking on CNBC’s Mad Money, Tan…
CBN Monetary Policy Rate Decision: Analysts Expect Hold at 26.5% Amid Rising Inflation Pressures
Analysts are widely expecting the Central Bank of Nigeria (CBN) to keep its Monetary Policy Rate (MPR) unchanged at 26.5% during its 305th Monetary Policy Committee (MPC) meeting scheduled for…
US–Iran Crisis Pushes Nigerian Crude Toward $120 as Global Oil Prices Surge
Nigeria’s crude oil market is once again feeling the heat of global tensions, as the ongoing US–Iran crisis drives prices closer to the $120 per barrel mark. Bonny Light, Nigeria’s…
Asia Markets Mixed as Oil Prices Ease After Trump Delays Iran Strike Amid Global Uncertainty
Asia-Pacific financial markets traded in a mixed pattern on Tuesday as investors reacted to easing oil prices and renewed geopolitical uncertainty following U.S. President Donald Trump’s decision to delay a…
Nigerian Stock Market Dips as Investors Lose N81bn Amid Profit-Taking Pressure
The Nigerian equities market started the week on a weak note as investors recorded losses of about N81bn following a mild wave of profit-taking on the Nigerian Exchange Limited (NGX).…
Banks Flood Treasury Bills Market as High Yields Attract Surplus Liquidity in Nigeria
Nigeria’s banking sector is once again turning to government securities as a safe haven, with commercial banks increasingly channeling excess liquidity into high-yield Treasury bills amid weak private-sector lending opportunities…
CPPE Warns CBN: Further Interest Rate Hikes Could Stall Nigeria’s Economic Recovery
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to tread carefully on further interest rate increases, warning that additional monetary tightening…
Rank Capital Named Among Africa’s Fastest-Growing Fintechs on FT List
Rank Capital has earned a spot on the Financial Times’ list of Africa’s fastest-growing companies, ranking seventh among fintech firms on the continent, sixth in Nigeria, and 12th overall. The…
Aradel Leads N37.02bn NGX Turnover as Oil Stocks Drive Mixed Market Performance on Monday
The Nigerian Exchange (NGX) started the week on a mixed note as Aradel Holdings Plc emerged as the standout performer, driving liquidity in a market that recorded a total turnover…
Dangote Refinery reduces Jet Fuel Price to N1,650
Nigeria’s aviation industry has received a major boost as Dangote Petroleum Refinery & Petrochemicals announced a reduction in the price of Jet A1 aviation fuel from N1,750 to N1,650 per…
European Markets Rise as Trump Pauses Iran Strike, Germany Launches Uniper Privatization Plan
European stock markets climbed on Tuesday as investors reacted positively to easing geopolitical tensions in the Middle East and major corporate developments across the region. The pan-European STOXX 600 index…
Africa Soft Power to hold conference on ownership gaps in Africa’s creative economy
Africa’s rapidly expanding creative industry is set to take center stage as the 2026 Africa Soft Power (ASP) Summit kicks off in Nairobi, Kenya, on May 20. The four-day gathering…
N4.65 Trillion Bank Recapitalisation: Nigerian Banks Face Pressure to Turn Capital Into Real Growth
After successfully raising a combined N4.65 trillion to meet the Central Bank of Nigeria’s (CBN) recapitalisation requirements, Nigerian banks are now under renewed pressure to prove that their expanded balance…
Samsung Union Strike Threat: Talks Extended as Global Chip Supply Chain Faces Disruption Risk
Samsung Electronics and its labour union have agreed to extend negotiations until Tuesday in an urgent effort to prevent what could become the largest strike in the company’s history. The…
Brent Crude Oil Prices Surge Above $111 as Middle East Tensions Fuel Supply Shock Fears
Oil prices surged sharply in early Asian trading on Monday, with Brent crude crossing the $111 mark as renewed geopolitical tensions rattled global energy markets. The latest spike comes amid…
Foreign Investors Deepen Interest in Nigeria’s Refinery Sector as Global Confidence Grows
Nigeria’s refinery and downstream petroleum industry is witnessing a fresh wave of global attention as foreign technical experts and investors increasingly explore opportunities in the country’s oil and gas sector.…
Federal Government Unveils Smart National Transport Databank to Revolutionize Nigeria’s Transport System
The Federal Government has announced plans to establish a Smart National Transport Databank (SNTDB) aimed at transforming Nigeria’s transport system through data-driven decision-making and modern digital infrastructure. The initiative was…