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Crypto exchanges face N10 million fine under new NRS tax rules
Nigeria's cryptocurrency industry is entering a new era of stricter regulation as the Nigeria Revenue Service (NRS)…
DMO offers two savings bonds, sets minimum investment at N5,000
The Debt Management Office (DMO) has launched a fresh subscription window for two Federal Government Savings Bonds,…
Seplat Energy Reduces JV Stake To 30%, Sells 10% To NNPC For $281.6m
Seplat Energy Plc has announced a major strategic move after agreeing to sell a 10 percent working interest in its…
Saudi Oil Reroutes Hit Capacity and Security Limits
Saudi Arabia is confronting one of its biggest oil export challenges in recent years as escalating security threats…
Mobile Money Transactions Hit N372tn as Nigeria’s Digital Payments Boom…
Nigeria's digital payment revolution reached a new milestone in 2025 as mobile money transactions soared to N372.14…
Dow Futures Surge Over 400 Points as Trump Halts Iran Strike Plan, Oil Prices…
Wall Street began the new trading month on a positive note as Dow Jones futures jumped more than 400 points after…
Fixed-income Market: Investors Trade N29.4trn In July
Nigeria's fixed-income market witnessed a remarkable surge in activity in July 2026, with investors trading…
Banking Stocks Lift NGX Turnover by 32% to N404.7bn Despite Market Pullback
The Nigerian Exchange (NGX) recorded a sharp increase in trading activity in the final week of July 2026, with…
Oil prices crash after Trump eases Iran tensions, cheaper petrol may follow
Oil prices recorded a sharp decline on Monday after U.S. President Donald Trump signaled a shift toward diplomacy…
AfDB: West Africa misallocates capital despite $100 billion annual development…
West Africa is not facing a shortage of money to fund its development ambitions—it is facing a much deeper problem…
Nigeria earns N24tn from crude exports in six months
Nigeria earned an estimated N24.02 trillion from crude oil exports between January and June 2026, reinforcing the…
Top Nigeria Business Events to Watch This Week: NBS IGR Report, Investment Expo…
As a new week begins, attention is turning to a series of major economic events and policy announcements that could…
Ghana’s Cedi Loses Crown as Africa’s Top Currency After Stunning 2025 Rally
After delivering one of Africa's most remarkable currency recoveries in 2025, Ghana's cedi has suffered a dramatic…
Brent crude slides $16 in eight trading days as Trump revives Iran peace talks
Global oil prices suffered a sharp decline after U.S. President Donald Trump announced renewed peace talks with…
Nigerian Stock Market Rebounds in July as FirstHoldCo Shines and Two Stocks…
The Nigerian stock market bounced back strongly in July 2026, reversing much of June's losses as investors returned…
NNPC Records Highest Profit in 10 Months as June Earnings Rise to ₦535 Billion
The Nigerian National Petroleum Company Limited (NNPC Ltd) has posted its strongest financial performance in nearly…
Amazon’s Massive AI Investment Pays Off as AWS Growth Drives Strong Earnings
Amazon has reassured investors that its aggressive investment in artificial intelligence infrastructure is paying…
How China’s Oil Strategy Is Keeping Global Crude Prices Under Control Amid Middle…
The global oil market has remained surprisingly resilient despite months of severe supply disruptions in the Middle…
Nigeria First Policy Must Work For Manufacturing Sector – Stakeholders
Nigeria's manufacturing sector could be on the verge of a major transformation following the Federal Government's…
Nigeria’s $1tn economy by 2030 not slogan but target – Oyedele
Nigeria's ambition to become a $1 trillion economy by 2030 is more than an ambitious promise—it is a measurable…
CBN reforms strengthening naira, stabilising markets — United Capital
Nigeria's ongoing economic reforms are beginning to deliver positive results, with United Capital Plc expressing…
NGX extends losing streak, investors lose N1.65 trillion in two days
The Nigerian Exchange (NGX) continued its downward trend on Thursday, with investors losing another N1.005 trillion…
Nasdaq futures rise as tech stocks lead sharp Wall Street rebound
The U.S. stock market is heading into the final trading day of the week on a positive note as Wall Street stages a…
Consumer Credit Falls to N3.8 Trillion as Banks Flag Over 13,000 BVNs for Fraud –…
Nigeria's banking sector witnessed a significant shift in 2025 as outstanding consumer credit fell for the first…
CBN Cuts One-Year Treasury Bill Yield as Investors Flood Auction with ₦3.62…
The Central Bank of Nigeria (CBN) has lowered the stop rate on its one-year Treasury Bill after an overwhelming…
Imported petrol now costs more than Dangote fuel – Report
The cost of importing Premium Motor Spirit (PMS), popularly known as petrol, has now surpassed the price of fuel…
Insurance recapitalisation deadline ends today as sector awaits NAICOM verdict
Nigeria's insurance industry has reached a defining moment as the recapitalisation deadline officially expires…
Naira Climbs to N1,834 per British Pound as Sterling Weakens Against the US Dollar
The Nigerian Naira opened Friday's trading session at N1,834 per British Pound, reflecting continued fluctuations…
Nigeria’s Private Sector FX Demand Soars as Foreign Exchange Outflows Hit $16.3…
Foreign exchange demand from Nigeria's private sector surged dramatically in 2025, with autonomous foreign exchange…
NNPC to Acquire Seplat’s 10% Joint Venture Stake in $281.6 Million Deal
The Nigerian National Petroleum Company Limited (NNPC) has reached an agreement to acquire a 10 percent stake in…