Dow Futures Tumble 700 Points as Trump Declares Iran Ceasefire ‘Over,’ Oil Prices Surge
Global financial markets were rattled on Wednesday after U.S. President Donald Trump declared that the ceasefire between the United States…
Category: Business
Tinubu Tasks Afreximbank To Drive Africa’s Industrialisation
President Bola Ahmed Tinubu has challenged the African Export-Import Bank (Afreximbank) to take a leading role in driving Africa’s industrial…
EBRD Picks Nigeria as West Africa Growth Hub in Major Expansion Drive
The European Bank for Reconstruction and Development (EBRD) has placed Nigeria at the heart of its ambitious expansion plans in…
CBN Data Localisation Drive Opens New Opportunities as Galaxy Backbone Targets Banks, Fintechs
As Nigeria pushes for greater control over its financial data, Galaxy Backbone (GBB) is positioning itself as a key partner…
Nigeria’s $25bn Oil and Gas Financing Gap Sparks Call for Urgent Investment Partnerships
Nigeria’s oil and gas industry is facing a major hurdle that could slow growth and investment across the sector. Industry…
FG Pressures Oil Marketers as Nigerians Demand Cheaper Petrol Amid Falling Global Oil Prices
The Federal Government has intensified pressure on oil marketers to reduce petrol prices, following growing concerns that Nigerians are not…
PenCom Eyes Bigger Role in Capital Market as Nigeria’s Pension Assets Hit Record N31.32 Trillion
Nigeria’s pension industry has reached a major milestone, with total pension assets climbing to a record N31.32 trillion in May…
Nigeria’s FDI Surges to $4bn as Oil and Gas Investments Fuel Economic Recovery – UNCTAD
Nigeria’s efforts to attract foreign investment received a major boost in 2025 as foreign direct investment (FDI) inflows more than…
Flutterwave Secures Circle Ventures Backing, Expands Stablecoin Payments with USDC Settlement
Flutterwave is taking another major step in reshaping Africa’s digital payments landscape after securing a strategic investment from Circle Ventures…
UK targets Nigeria’s digital economy with reforms
The United Kingdom is intensifying its partnership with Nigeria’s rapidly growing digital economy through a series of reforms and investment-driven…
Google Seeks Cooperation as FG Launches Probe Into Big Tech Operations in Nigeria
Google has pledged to cooperate with Nigerian regulators following the Federal Government’s decision to investigate major technology companies over concerns…
NGX Investors Gain N1.86 Trillion as Half-Year Earnings Expectations Spark Market Rally
The Nigerian stock market witnessed a powerful resurgence on Monday as investors poured funds into equities ahead of the release…
Nigeria’s FX Market Hits Three-Month High as Turnover Climbs to $3.05 Billion
Nigeria’s foreign exchange market has kicked off the third quarter of 2026 on a strong note, recording its highest weekly…
NNPC, Seplat and UTM FLNG Seal 15-Year Gas Deal to Unlock Nigeria’s LNG Potential
Nigeria’s ambition to become a leading global gas powerhouse received a major boost as the NNPC Ltd/Seplat Energy Producing Nigeria…
NGX Rally Adds N1.86 Trillion as Cadbury, NAHCO and Dangote Cement Drive Broad Market Surge
Nigeria’s stock market extended its recovery streak on Tuesday as investors gained an impressive N1.86 trillion in a single trading…
Nigeria’s Banking Assets Surge to N180.37 Trillion as Financial Sector Powers Economic Growth
Nigeria’s financial sector is showing remarkable strength, with deposit money banks recording total assets of N180.37 trillion, equivalent to 41.8…
SEC Approves N6.94 Billion Beta Glass Takeover Offer by Emerald HoldCo
The Securities and Exchange Commission (SEC) has approved a mandatory takeover offer worth N6.94 billion by Emerald HoldCo B.V. for…
Nigerian Stocks Poised for Fresh Rally as Smart Investors Target NGX Opportunities
Nigeria’s stock market is showing renewed strength, with investors closely watching for the next major rally on the Nigerian Exchange…
FG Seeks Community Backing for Dangote Industrial City and Africa’s Largest Deep Seaport Project
The Federal Government has appealed to residents and stakeholders in Ogun and Ondo states to fully support the proposed Dangote…
NOG Energy Week, Microfinance Bank Liquidation Lead Major Business Developments This Week
Nigeria’s business landscape is set for another eventful week as key developments across the energy, banking, and financial sectors take…
TCL Launches AI-Powered Smart Home Products in Nigeria, Eyes Local Assembly Expansion
Global consumer electronics giant TCL has strengthened its commitment to the Nigerian market with the launch of its 2026 lineup…
Dangote Refinery Spends $4.48bn on Crude Imports as Fuel Price Relief Looms for Nigerians
Africa’s largest refinery, the Dangote Petroleum Refinery, spent an estimated $4.48 billion importing 40.4 million barrels of crude oil over…
AfCFTA Digital Trade Forum Calls for Faster Implementation of Africa’s Digital Trade Protocol
The African Continental Free Trade Area (AfCFTA) Digital Trade Forum 2026 has ended with a strong call for member states…
Nigeria Revenue Service Generates N21.6 Trillion in Six Months as Tax Reforms Drive Record Revenue Growth
Nigeria’s revenue drive has gained significant momentum, with the Nigeria Revenue Service (NRS) generating an impressive N21.6 trillion in the…
Nasdaq Futures Slide as Chip Stocks Tumble, Raising Concerns Ahead of Q2 Earnings Season
U.S. stock futures traded mixed on Tuesday as a fresh wave of selling in semiconductor stocks dragged Nasdaq futures lower,…
Nigerian Stocks Gain N3.17 Trillion as Market Rally Pushes NGX Above 234,000 Points
The Nigerian stock market continued its impressive recovery on Monday, delivering a massive N3.17 trillion gain for investors as renewed…
CBN Targets Record N1.35 Trillion Liquidity Withdrawal with N2 Trillion Treasury Bill Sale in July
The Central Bank of Nigeria (CBN) is set to launch its largest Treasury Bill (T-bill) issuance programme of 2026, with…
Petrol Price May Drop Below N800 as Marketers Push for Import Rights
Nigerians may soon see significant relief at the fuel pumps as independent petroleum marketers project that the price of Premium…
Nigeria lost about N2.4 trillion to grid underutilisation since 2015: NISO
Nigeria has lost an estimated N2.4 trillion in capacity payments over the past decade due to the underutilisation of its…
Dangote Cement Share Slump Wipes N4.23 Trillion Off Aliko Dangote’s Wealth Amid Market Repricing
Africa’s richest man, Aliko Dangote, has suffered a significant paper loss after a sharp decline in the share price of…