Browsing Category
Business
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 over 17 years, exceeding…
Nigerian Stock Market Loses N800 Billion as NGX Index Falls 0.5% Despite Strong…
Trading on the Nigerian Exchange (NGX) ended on a bearish note on Wednesday as investors lost approximately N800…
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 of 2026, with more than…
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 highest level in…
CBN Holds Interest Rate at 26.5% as Economists Push for Cuts to Ease Borrowing…
The Central Bank of Nigeria (CBN) has once again kept its benchmark interest rate at 26.5%, a decision that…
Nigeria, Germany Strengthen Strategic Partnership as Bilateral Trade Rises by 10%
Nigeria and Germany have reaffirmed their commitment to strengthening diplomatic and economic relations following a…
Nigeria’s Money Supply Climbs to N133.25 Trillion Despite High Interest Rate…
Nigeria’s broad money supply surged to N133.25 trillion in June 2026, highlighting continued liquidity growth in…
Dangote Raises Petrol Ex-Depot Price to N1,215 as Naira Sales Resume
Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit (PMS), commonly known as petrol, in naira…
In Huaxin, Dangote and BUA face a rival powered by Hong Kong capital
Nigeria’s cement industry is entering a new era of competition as Chinese building materials giant Huaxin Cement…
CBN Explains N100, N200 Note Scarcity as Digital Payments Gain Ground in Nigeria
The Central Bank of Nigeria (CBN) has attributed the growing scarcity of N100 and N200 notes across the country to…
Nigeria’s FX Reserves Climb to $52.5bn as Crude Oil Tax Revenue Boosts External…
Nigeria’s foreign exchange reserves have recorded a significant increase, reaching $52.52 billion as of July 17,…
NGX Gains N307bn as Investor Demand Pushes Market Capitalisation Above N159tn
The Nigerian Exchange (NGX) extended its winning streak on Tuesday, adding a remarkable N307 billion to investors’…
Stock Futures Slip as Oil Prices Surge Ahead of Major Tech Earnings Reports
Wall Street is facing renewed pressure as stock futures edged lower early Wednesday while oil prices climbed…
Financial stability remains foundation for growth – Oyedele
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has stressed that financial…
CBN Holds Interest Rate at 26.5% as Businesses Back Cautious Approach Amid Global…
Nigeria’s business community and leading economists have thrown their support behind the Central Bank of Nigeria’s…
Outgoing British High Commissioner Hails Tinubu’s Economic Reforms
As his tenure in Nigeria draws to a close, outgoing British High Commissioner Richard Montgomery has thrown his…
China’s Oil Buying Strategy Could Be the Biggest Driver of Global Crude Prices in…
China’s next move in the oil market is rapidly becoming one of the most closely watched factors shaping global…
Nigeria’s Oil Revenue Surges as Higher Crude Prices and Pipeline Security Boost…
Nigeria is poised to benefit from a fresh wave of oil-driven revenue growth as global crude prices continue to…
Industrial Stocks Pull NGX Lower Despite Banking Rally and Easing Inflation
Nigeria’s stock market ended the week on a cautious note as losses in industrial stocks overshadowed a strong rally…
External reserves cross $52 billion, surpass CBN’s 2026 forecast
Nigeria’s external reserves have crossed the $52 billion mark for the first time in more than 17 years, surpassing…
Investors shun 13 out of 50 oil blocks. NUPRC Plans fresh bid
Nigeria’s oil and gas sector recorded a mixed outcome in the 2025 Licensing Round as investors declined to bid for…
FG Launches N729bn Power Sector Bond to Clear GenCo Debts and Boost Electricity…
The Federal Government has unveiled a N729 billion Series 2 Power Sector Bond aimed at settling outstanding debts…
CBN Governor Cardoso Warns Global Economic Shocks May Delay Nigeria’s Single-Digit…
Nigeria’s journey toward achieving single-digit inflation may take longer than expected as persistent global…
First HoldCo Becomes Nigeria’s Most Valuable Bank, Overtakes Zenith in NGX Market…
First HoldCo has emerged as Nigeria’s most valuable bank on the Nigerian Exchange (NGX), overtaking long-time…
NGX Emerges Africa’s Second-Best Stock Market as Investors Drive 47.4% Surge in…
The Nigerian Exchange (NGX) has cemented its position as one of Africa’s strongest-performing equity markets,…
FG Bond Auction Draws Massive Demand as Investors Subscribe ₦1.74tn in July
Investor confidence in Federal Government securities remained strong in July as the Debt Management Office (DMO)…
FG returns 13 oil blocks to licensing basket
The Federal Government has announced that 13 of the 50 oil and gas blocks offered under the 2025 Licensing Round…
Breaking: CBN retains interest rate at 26.5%
The Central Bank of Nigeria (CBN) has once again maintained the Monetary Policy Rate (MPR) at 26.5 percent,…
African Finance Leaders Push Insurance Reforms to Strengthen Economic Resilience…
African finance ministers, insurance regulators and development finance leaders have called for sweeping reforms in…
FG rejects reports of N80tn fresh public borrowing
The Federal Government has dismissed claims that President Bola Tinubu’s administration borrowed an additional N80…