Browsing Category
Business
Oil Prices Set for Nearly 20% Monthly Jump Despite Market Pullback
Crude oil prices may have slipped over the past few days, but the global market is still on track for one of its…
Nigeria’s E-Invoicing Rollout Exposes Compliance Challenges for Large…
As Nigeria officially enters a new era of digital tax administration, many of the country's largest businesses are…
Microsoft Shatters Market Record with Historic $450 Billion One-Day Gain Driven by…
Microsoft has made Wall Street history after adding nearly $450 billion in market value in a single trading day,…
Nigeria can refine fuel now. It just can’t feed it
For years, Nigeria pursued an ambitious goal of refining more of its crude oil at home instead of exporting it and…
FG to publish detailed account of petrol subsidy savings, says Taiwo Oyedele
The Federal Government has announced plans to publish a comprehensive breakdown of how funds saved from the removal…
Seplat Energy to sell 10% stake in joint venture to NNPC for $281m
Seplat Energy has announced a major milestone in Nigeria's oil and gas sector after signing a $281.6 million…
Afreximbank’s Record Bond Issuance Raises $1.5bn
Afreximbank has made history by raising a record $1.5 billion through its largest-ever Eurobond issuance,…
Cardoso Predicts Lower Interest Rates as CBN Reforms Strengthen Nigeria’s Economy
Nigeria’s high interest rates may not remain for much longer, according to Central Bank of Nigeria (CBN) Governor…
Shell Reports $9.8 Billion in Adjusted Earnings as Energy Prices Surge
Shell has delivered an impressive financial performance for the second quarter of 2026, posting adjusted earnings…
US tariff threatens Nigerian exports, foreign investment, group warns
The Sea Empowerment & Research Centre (SEREC) has warned that the United States' decision to increase import…
NESG Warns Nigeria’s Economic Recovery Could Stall Without Sustained Reforms
Nigeria's economic recovery is showing encouraging signs, but the progress could quickly unravel if the Federal…
Banks collaborate less than cybercriminals, says Bridgforte report
Nigeria's banking sector is facing a growing cybersecurity challenge as financial institutions continue to…
Dangote refinery to consume 2.5% of globally traded crude
Nigeria's industrial ambitions received a major boost as President and Chief Executive Officer of Dangote…
Oil Prices Surge Above $90 as Iran Tensions Spark Fresh Global Supply Fears
Global oil prices rallied above the $90-per-barrel mark on Wednesday as escalating military tensions in the Middle…
Banks Urged to Boost Financial Inclusion and MSME Growth
The Chartered Institute of Bankers of Nigeria (CIBN) and the Association of Corporate Communication and Marketing…
SEC Launches Full E-Registration Platform to Transform Nigeria’s Capital Market
Nigeria's Securities and Exchange Commission (SEC) has taken a major step toward modernising the country's capital…
NSE Nears KSh 4Trillion as Market Shrugs Off Biggest Foreign Outflow Since March
The Nairobi Securities Exchange (NSE) is edging closer to a historic KSh 4 trillion market capitalization after…
African Businesses Embrace Stablecoins Amid Currency Volatility
Across Africa, businesses are embracing stablecoins as a practical solution to one of the continent's biggest…
Non-Oil Exports Drive Nigeria’s $71bn FX Inflows
Nigeria’s push to diversify its economy is beginning to pay off, as stronger non-oil exports helped drive…
CBN Cuts One-Year Treasury Bill Yield as Investor Demand Soars Nearly Sevenfold
The Central Bank of Nigeria (CBN) has lowered the stop rate on its one-year Treasury Bill to 17.35%, following…
Fraud Watchlist Surges 38% as Nigerian Banks Flag Over 13,000 BVNs in 2025
Nigeria's banking industry has intensified its fight against financial fraud, with the number of Bank Verification…
Nigerian Pension Funds Lose N624 Billion in June as Stock Market Slump Shrinks…
Nigeria's pension industry recorded a significant setback in June 2026 after a sharp decline in the stock market…
Nigeria’s consumer credit falls to N3.8 trillion, first decline in six years
Nigeria’s consumer credit recorded its first annual decline in six years, falling to ₦3.78 trillion in 2025 from…
FG Exceeds Borrowing Target by ₦4.79tn as Revenue Shortfall Deepens Nigeria’s…
Nigeria’s fiscal challenges have come into sharper focus after the Federal Government exceeded its 2024 borrowing…
Reps applaud SEC’s fiscal reforms, revenue growth
The House of Representatives has applauded the Securities and Exchange Commission (SEC) for strengthening its…
Firm raises N4.05b in first tranche of N20b bond programme
Dimension Data Limited has successfully secured ₦4.05 billion through the first tranche of its ₦20 billion…
Champion’s H1 revenue hits N35.73 billion on EnjoyBev acquisition
Champion Breweries Plc has recorded an impressive first-half revenue of N35.73 billion for 2026, marking a major…
Partnerships Key To Nigeria’s Industrial Energy Growth
Strategic partnerships are becoming increasingly important in shaping Nigeria's industrial future, and leading gas…
Nigerians Cut Petrol Use by 22% as Pump Prices Nearly Doubled in H1—Marketers
The sharp rise in petrol prices across Nigeria has significantly changed consumer spending habits, with millions of…
Jim Cramer says Wall Street is fleeing the AI trade and buying these stocks…
The stock market may be entering a new phase as investors begin shifting their attention away from some of this…