NGX stocks to buy in August 2026 amid oil, rate pressures
As August approaches, investors on the Nigerian Exchange (NGX) are keeping a close eye on…
Category: Business
Dangote blames importers for petrol sales policy reversal
The Dangote Petroleum Refinery has revealed that its decision to resume the sale of Premium…
Dangote reveals why London is preferred over Dubai for cement listing
Dangote Cement Plc has revealed why it is pursuing a secondary listing on the London…
FMDQ: Outstanding corporate bonds hit N2.30 trillion in June 2026
Nigeria’s corporate bond market maintained its strong momentum in June 2026, with the total outstanding…
Report: 77% of Africa’s $23bn betting market unregulated
Africa’s online betting industry is booming, but a new report has revealed that most of…
South Africa keeps interest rate at 7% amid rising inflation, rand weakness
South Africa’s central bank has left its benchmark interest rate unchanged at 7%, opting for…
Petrol Hits N1,400/Litre as Transport Fares Soar Across Nigeria Amid Global Oil Price Surge
Transport costs are climbing once again across several parts of Nigeria as the price of…
Oil Price Hits $100 as Middle East Conflict Escalates, Raising Fears of Global Energy Crisis
Oil prices have surged to $100 per barrel for the first time since May, driven…
Tinubu Turns to World Bank Loans to Expand Social Programmes Amid Rising Poverty
President Bola Tinubu’s administration is increasingly relying on World Bank financing to drive its social…
Africa receives 6% of global cocoa supply value from chocolate market
Africa may be the backbone of the global cocoa industry, but it continues to receive…
Oil block bidding: Inside Nigeria’s seven-hour transparency test
Nigeria’s push to restore confidence in its upstream oil sector took a major step forward…
Dangote refinery secures record $2.5bn equity funding
Dangote Petroleum Refinery and Petrochemicals FZE has secured a record $2.5 billion in fresh equity…
US Slaps 12.5% Tariff on Nigerian Imports Over Forced Labour Concerns
The United States has imposed a 12.5% tariff on Nigerian imports, placing Nigeria among 38…
Nigeria’s Money Supply Rises to N133.25tn Despite CBN’s Tight Monetary Policy
Nigeria’s broad money supply increased to N133.25 trillion in June 2026, highlighting continued liquidity growth…
Dangote Refinery Raises $2.5 Billion in Africa’s Largest Private Equity Placement
Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has achieved a major financial milestone after successfully…
Oil Giants Return to Nigeria’s Deepwater Fields with Billion-Dollar Investments
Nigeria’s offshore oil industry is witnessing a major revival as international oil companies (IOCs) shift…
Crude oil nears $100 as renewed Middle East conflict rattles global markets
Global oil markets came under renewed pressure on Thursday as crude oil prices surged close…
Alphabet Q2 Revenue Surges 24% as AI Fuels Google Cloud and Gemini Growth
Alphabet posted an impressive second-quarter performance, reporting a 24% year-on-year increase in revenue as its…
Global Refiners Are Cutting Out Oil Traders To Buy Venezuelan Crude Directly
Global oil markets are witnessing a major shift as leading refiners increasingly bypass traditional commodity…
FG Launches N729bn Power Sector Bond to Clear Legacy Debts, Boost Electricity Investment
The Federal Government has launched a N729 billion power sector bond as part of the…
France Reaffirms Commitment to Boost Trade and Investment Ties with Nigeria
France has reaffirmed its commitment to strengthening trade and investment ties with Nigeria, highlighting the…
Inflows, FX reforms lift external reserves 58% under Cardoso
Nigeria’s external reserves have recorded a remarkable 58 per cent increase since Olayemi Cardoso assumed…
U.S. Stock Futures Slip as AI Spending Concerns and Rising Oil Prices Weigh on Markets
U.S. stock futures traded lower on Thursday as investors balanced another wave of corporate earnings…
Nigeria bonds: Top issuers paid up to 20% to raise debt in H1 2026
Corporate and government-backed institutions in Nigeria paid as much as 20% in coupon rates to…
Nigerian Stock Market Loses N800bn as Profit-Taking Ends Bullish Rally
The Nigerian stock market suffered a major setback on Wednesday after investors cashed in on…
Nigeria’s External Reserves Hit $52 Billion, Surpass CBN’s 2026 Target
Nigeria’s external reserves have climbed above the $52 billion mark for the first time in…
Nigerian Stock Market Loses N800 Billion as NGX Index Falls 0.5% Despite Strong Investor Activity
Trading on the Nigerian Exchange (NGX) ended on a bearish note on Wednesday as investors…
Global Tech Job Cuts Top 156,000 in H1 2026
The global technology industry has witnessed a massive wave of layoffs in the first half…
Oil price hits $95 a barrel — highest in six weeks
Global oil prices climbed sharply on Wednesday, with Brent crude reaching $95.11 per barrel, its…
CBN Holds Interest Rate at 26.5% as Economists Push for Cuts to Ease Borrowing Costs
The Central Bank of Nigeria (CBN) has once again kept its benchmark interest rate at…