Browsing Category
Business
Africa Prudential reaffirms H1 growth, digital strategy
Africa Prudential Plc has reinforced investor confidence after announcing an impressive financial performance for…
Nigeria’s Net Foreign Liabilities Rise to $90.2bn
Nigeria’s net foreign liabilities climbed sharply to $90.2 billion in 2025, reflecting the country's growing…
Oil Prices Surge on Fresh Middle East Strikes and API Crude Draw
Oil prices staged a strong comeback on Wednesday, reversing much of the previous day's losses as…
Nigeria’s 2026 VAT Reform: How the New Consumption-Based Formula Could Reshape…
Nigeria's tax landscape is entering a new era as the Nigeria 2026 VAT reform introduces a major change in how Value…
S&P Global to acquire majority stake in Agusto & Co. in landmark deal
S&P Global has announced plans to acquire a majority stake in Agusto & Co., Nigeria’s pioneering credit…
Oil Falls Below $84 on US-Iran Peace Hopes
Global oil prices recorded a sharp decline on Tuesday after renewed diplomatic efforts between the United States…
Insurance stocks rescue NGX as investors recover N481 billion
The Nigerian Exchange (NGX) staged an impressive recovery on Tuesday, July 28, 2026, as investors added…
CBN: Nigeria’s FX inflows hit $109.9 billion as autonomous sources drive growth
Nigeria's foreign exchange (FX) inflows recorded a significant boost in 2025, reaching $109.86 billion, according…
Five vessels to deliver 154m litres of imported petrol
Nigeria's fuel supply is set for another major boost as five vessels carrying approximately 154.2 million litres of…
Africa’s Oil Investment Shifts as Nigeria, Egypt, Angola, Algeria and Libya Still…
Africa’s upstream oil and gas sector remains heavily dependent on five major producers—Nigeria, Algeria, Angola,…
India’s Economic Growth Faces Slowdown as Rising Oil Prices Shake GDP Outlook
India’s economic growth is expected to lose momentum in the current fiscal year as soaring global oil prices and…
Oil price falls to $90/barrel as US, Iran pause attacks
Oil prices recorded a sharp decline on Monday after the United States and Iran reportedly agreed to suspend…
Nigeria Secures $4.5 Billion in Fresh Energy Investments
Nigeria has attracted more than $4.5 billion in fresh energy investment commitments, marking a major boost for the…
Cash outside banks hits seven-month low, drops by N485.80 billion in 2026
Nigeria's banking sector recorded a significant milestone in June 2026 as cash held outside banks dropped to N4.92…
Investors gain N74.1tr in one year as market value surges by 87%
Nigeria's stock market has delivered one of its strongest performances in recent history, with investors gaining an…
Tinubu sounds alarm as Africa’s food import bill hits $122.9bn
President Bola Tinubu has sounded the alarm over Africa's growing dependence on imported food, urging governments…
Businesses Fault U.S. Tariff, Seek Urgent FG Action
The Organised Private Sector (OPS) has expressed growing concern over the United States' decision to impose a 12.5…
Nigerian Stock Market Slips Again as Profit-Taking Extends Losing Streak
The Nigerian equities market extended its losing streak on Monday as investors continued to lock in profits from…
IMF Sounds Alarm on AI Risks, Calls for Stronger Financial Oversight
Artificial intelligence is rapidly transforming the global financial system, but the International Monetary Fund…
CBN directive drives investment in data centres
Nigeria's digital economy is set for a major boost following the Central Bank of Nigeria's (CBN) directive…
Stock market opens week with N77bn decline
The Nigerian stock market began the new trading week on a weaker footing as investors recorded a combined loss of…
China’s Nigeria Investment Falls Despite $20bn Pledge
Despite a high-profile pledge of more than $20 billion in investment commitments, capital inflows from China into…
Nigeria’s FX Market Hits Record $4.4 Billion Turnover
Nigeria’s foreign exchange market has reached a historic milestone, recording its highest weekly turnover of 2026…
Nigeria’s manufacturers say they are sinking, with no relief in sight
Nigeria's manufacturing sector is facing one of its toughest periods in recent years as soaring production costs,…
Top 10 Brokers Control Over 70% of NGX Trading as Investor Confidence Boosts…
Nigeria's capital market continues to demonstrate remarkable strength as the top 10 stockbroking firms on the…
NGX Group delivers record First-Half 2026 performance
Nigerian Exchange Group (NGX Group) has delivered its strongest first-half financial performance on record,…
Dow futures rally 500 points as oil prices fall after U.S. and Iran pause attacks
Wall Street kicked off the week on a strong note as U.S. stock futures climbed sharply after a temporary pause in…
Nigeria Reaffirms Commitment to IMF Reforms as Government Targets Stronger…
The Federal Government has reaffirmed its commitment to working closely with the International Monetary Fund (IMF)…
Microfinance Banks Seek Federal Govt’s Intervention, Regulatory Support
Microfinance banks in Nigeria have renewed their call for greater support from the federal government and monetary…
Nigeria LNG Train-7 Boosts Gas Export Prosperity Amid Global Demand
As global demand for liquefied natural gas (LNG) continues to surge, Nigeria is positioning itself to take…