Browsing Category
Business
Brent Crude Tumbles 5% as US-Iran Truce Sparks Hope for Global Oil Supply Recovery
Global oil markets opened the week on a positive note for consumers as Brent crude fell by more than 5%, following…
China’s Crude Oil Imports Surge
China's appetite for crude oil appears to be making a strong comeback, with fresh data indicating that the world's…
Nigeria FX Market Turnover Surges 83% to $4.38bn Amid CBN Liquidity Reforms
Nigeria's official foreign exchange market witnessed a remarkable surge in trading activity as total turnover…
Top 10 African Countries with the Highest Interest Rates in July 2026
African economies are navigating one of the toughest monetary policy environments in recent years, with central…
Stock market turnover surged by 54% to N306bn in five days
The Nigerian stock market delivered another impressive performance last week as trading activity on the Nigerian…
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 opportunities that could…
Dangote blames importers for petrol sales policy reversal
The Dangote Petroleum Refinery has revealed that its decision to resume the sale of Premium Motor Spirit (PMS),…
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 Stock Exchange instead of…
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 value of…
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 the market operates outside…
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 caution as…
Petrol Hits N1,400/Litre as Transport Fares Soar Across Nigeria Amid Global Oil…
Transport costs are climbing once again across several parts of Nigeria as the price of petrol rises to as high as…
Oil Price Hits $100 as Middle East Conflict Escalates, Raising Fears of Global…
Oil prices have surged to $100 per barrel for the first time since May, driven by growing fears that the escalating…
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 only a small…
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 as the Nigerian Upstream…
Dangote refinery secures record $2.5bn equity funding
Dangote Petroleum Refinery and Petrochemicals FZE has secured a record $2.5 billion in fresh equity funding,…
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 countries affected by…
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…
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 their…
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 to the $100-per-barrel…
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…
The Federal Government has launched a N729 billion power sector bond as part of the second phase of its…
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 office as…
U.S. Stock Futures Slip as AI Spending Concerns and Rising Oil Prices Weigh on…
U.S. stock futures traded lower on Thursday as investors balanced another wave of corporate earnings with growing…
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 raise funds from the…
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 recent gains, wiping…