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Afreximbank Loans US$190 million to Zimbabwe’s CBZ Bank
The African Export-Import Bank (Afreximbank) has strengthened its commitment to Zimbabwe's economic growth by…
CBK Set to Hold Interest Rates Steady as Inflation Eases and Economic Growth Slows
The Central Bank of Kenya (CBK) is widely expected to maintain its benchmark interest rate at its August 2026…
Dangote eyes $5bn IPO to finance refinery expansion
Africa's richest businessman, Aliko Dangote, is preparing for what could become the continent's largest stock…
CBN says naira FX gap falls below 2% as reserves top $52.5 billion
The Central Bank of Nigeria (CBN) has announced that its monetary and foreign exchange reforms are beginning to…
World Bank: AI Adoption Among Nigerian Firms Up 40%
Nigeria has emerged as one of Africa's fastest-growing artificial intelligence markets after the World Bank…
Nigerian Stock Market Loses N599 Billion as Nestlé, First HoldCo Lead Massive…
The Nigerian stock market suffered a major setback on Tuesday, wiping out approximately N599 billion in market…
SpaceX Revenue Soars 92% as Starlink and AI Deals Drive Record Growth
SpaceX has reported a remarkable financial performance in its first quarterly earnings since becoming a publicly…
Nigeria’s $4.5bn Oil-Backed Loan Refinancing Set to Boost Naira, Strengthen…
Nigeria's efforts to stabilize the naira have received a major boost after the National Economic Council (NEC)…
Oil Prices Slide Below $80 as Hopes for US-Iran Deal Boost Market Confidence
Global oil prices suffered a sharp decline on Tuesday, with Brent crude falling below the $80-per-barrel mark for…
CBN Cuts Government Financing as Assets Surge Above N138 Trillion in Push for…
The Central Bank of Nigeria (CBN) has taken another major step toward strengthening the country's economy by…
Cheaper Latin American Crude Puts Nigeria’s European Oil Market at Risk
Nigeria's long-standing position as one of Europe's preferred crude oil suppliers is facing increasing pressure as…
TotalEnergies Takes Nigeria to Court Over $554 Million Petroleum Tax Dispute
French energy giant TotalEnergies has taken fresh legal action against Nigeria's tax authorities and the Nigerian…
Germany’s Energy Demand Drops as Soaring Fuel Prices Slash Oil Consumption
Germany’s energy demand declined by 1.9% during the first half of 2026, as soaring oil and gas prices forced…
FRC to convene audit summit on AI, financial reporting
The Financial Reporting Council of Nigeria (FRC) is set to bring together some of the country's leading financial…
Local investors trade N17.7 trillion stocks in 18 months
Nigeria's capital market is increasingly being driven by homegrown investors, with domestic participants accounting…
Stock futures edge higher after rip-roaring rally leads Dow to record closing high
The U.S. stock market opened Tuesday with renewed optimism after the Dow Jones Industrial Average closed at an…
Nigerian Stock Market Starts August Strong with N289bn Gain as Investor Confidence…
The Nigerian stock market kicked off August 2026 on a positive note, delivering an impressive N289 billion gain in…
DMO Launches August Savings Bonds With Returns of Nearly 15% for Nigerian…
The Debt Management Office (DMO) has opened subscriptions for its August 2026 Federal Government Savings Bond…
NRS makes Tax ID mandatory for new crypto account activations
The Nigeria Revenue Service (NRS) has introduced a major policy change that will reshape how Nigerians access…
Nigeria’s purchase cost inflation hits five-month low as PMI stays above 52
Nigeria’s private sector remained on a growth path in July, with businesses benefiting from stronger customer…
NNPC Profit Drops 35% in H1 2026 Despite Strong June Recovery as Revenue Climbs
Nigeria’s state-owned oil giant, NNPC Limited, posted a profit after tax of N2.28 trillion for the first half of…
Banks’ Deposits at CBN Surge 670% to N83.95 Trillion as Borrowing Plunges
Nigeria's banking sector witnessed a significant shift in liquidity management as commercial banks dramatically…
Bank of America sharpens focus on Africa after key role in Dangote refinery…
Bank of America is strengthening its commitment to Africa with a major leadership reshuffle aimed at expanding its…
Cheaper Latin American Oil Puts Nigeria’s European Crude Market at Risk
Nigeria’s long-standing dominance in Europe’s crude oil market is coming under increasing pressure as cheaper oil…
Nigeria Introduces New Crypto Tax Rules as Exchanges Risk ₦10 Million Fine for…
The Federal Government has taken a major step toward regulating Nigeria's fast-growing cryptocurrency industry with…
August dividend race begins as 8 NGX companies set qualification dates
August is shaping up to be an important month for investors on the Nigerian Exchange (NGX) as eight listed…
Nigeria’s Global LNG Market Share Slips to 5% as NLNG CEO Warns of Steeper Decline
Nigeria’s position in the global liquefied natural gas (LNG) industry is facing growing pressure, with the…
Renewed demand lifts Nigeria Eurobonds after previous selloff
Nigeria’s Eurobond market has bounced back strongly after a brief period of losses, with renewed investor demand…
Petrol consumption drops by 52m litres amid higher prices
Nigeria’s petrol consumption recorded a slight decline in the first half of 2026 as persistently high pump prices…
Banking Stocks Drive Nigerian Market to N288 Billion Gain Despite Widespread…
The Nigerian stock market kicked off the new trading week on a positive note as strong buying interest in major…