FGN Bond Subscriptions Drop 45% as Investors React to Higher Yields in 2026 Auction
Investor confidence in Federal Government of Nigeria (FGN) bonds weakened in May 2026, as total subscriptions dropped sharply by 45.6…
Category: Business
European Stocks Slip as Bond Yield Surge, Inflation Data Weigh on Investor Sentiment
European stock markets opened in negative territory on Wednesday as investors grappled with rising global bond yields, fresh inflation data…
BUA Cement, Banking Stocks Lift NGX as All-Share Index Ends Four-Day Losing Streak
The Nigerian stock market returned to positive territory on Tuesday as gains in BUA Cement and several large-cap banking stocks…
World Bank says global carbon pricing revenue tops $107 billion in 2025
Global carbon pricing revenue climbed above $107 billion in 2025, marking another milestone in the worldwide push to reduce greenhouse…
South African Investors Set Sights on Dangote Refinery as Africa’s Industrial Future Gains Momentum
Africa’s largest industrial project may soon attract significant South African capital as leading pension and investment institutions expressed strong interest…
CBN Set to Maintain Tight Monetary Policy as Inflation and Global Oil Shock Deepen Pressure on Economy
Financial analysts and economists are widely expecting the Central Bank of Nigeria (CBN) to maintain its current tight monetary policy…
Tax reform: FG opens free dispute resolution channels
The Federal Government has launched a new free tax dispute resolution system in Nigeria, allowing taxpayers to resolve issues without…
CBN Likely to Hold Interest Rate at 26.5% as Inflation Pressures Persist — Analysts
Nigeria’s monetary policy direction is once again in focus as the Central Bank of Nigeria (CBN) prepares for its Monetary…
Nigeria Revenue Service Introduces Unified Tax ID System for All Taxpayers Nationwide
The Nigeria Revenue Service (NRS), in partnership with the Joint Revenue Board (JRB), has officially announced the rollout of a…
AKK Gas Pipeline Project Set to Revolutionize Nigeria’s Economy and Industrial Growth
Nigeria’s ambitious $2.8 billion Ajaokuta–Kaduna–Kano (AKK) gas pipeline project is being described as a game-changer that could reshape the country’s…
Institute Advocates AI Adoption
Artificial intelligence (AI) is rapidly shifting from a theoretical innovation to a powerful driver of transformation across industries, according to…
Intel Foundry Business Gains Momentum as CEO Signals New Customer Deals and Manufacturing Breakthrough
Intel is seeing renewed optimism around its foundry business as CEO Lip-Bu Tan says the company’s external chip manufacturing arm…
CBN Monetary Policy Rate Decision: Analysts Expect Hold at 26.5% Amid Rising Inflation Pressures
Analysts are widely expecting the Central Bank of Nigeria (CBN) to keep its Monetary Policy Rate (MPR) unchanged at 26.5%…
US–Iran Crisis Pushes Nigerian Crude Toward $120 as Global Oil Prices Surge
Nigeria’s crude oil market is once again feeling the heat of global tensions, as the ongoing US–Iran crisis drives prices…
Asia Markets Mixed as Oil Prices Ease After Trump Delays Iran Strike Amid Global Uncertainty
Asia-Pacific financial markets traded in a mixed pattern on Tuesday as investors reacted to easing oil prices and renewed geopolitical…
Nigerian Stock Market Dips as Investors Lose N81bn Amid Profit-Taking Pressure
The Nigerian equities market started the week on a weak note as investors recorded losses of about N81bn following a…
Banks Flood Treasury Bills Market as High Yields Attract Surplus Liquidity in Nigeria
Nigeria’s banking sector is once again turning to government securities as a safe haven, with commercial banks increasingly channeling excess…
CPPE Warns CBN: Further Interest Rate Hikes Could Stall Nigeria’s Economic Recovery
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to tread carefully…
Rank Capital Named Among Africa’s Fastest-Growing Fintechs on FT List
Rank Capital has earned a spot on the Financial Times’ list of Africa’s fastest-growing companies, ranking seventh among fintech firms…
Aradel Leads N37.02bn NGX Turnover as Oil Stocks Drive Mixed Market Performance on Monday
The Nigerian Exchange (NGX) started the week on a mixed note as Aradel Holdings Plc emerged as the standout performer,…
Dangote Refinery reduces Jet Fuel Price to N1,650
Nigeria’s aviation industry has received a major boost as Dangote Petroleum Refinery & Petrochemicals announced a reduction in the price…
European Markets Rise as Trump Pauses Iran Strike, Germany Launches Uniper Privatization Plan
European stock markets climbed on Tuesday as investors reacted positively to easing geopolitical tensions in the Middle East and major…
Africa Soft Power to hold conference on ownership gaps in Africa’s creative economy
Africa’s rapidly expanding creative industry is set to take center stage as the 2026 Africa Soft Power (ASP) Summit kicks…
N4.65 Trillion Bank Recapitalisation: Nigerian Banks Face Pressure to Turn Capital Into Real Growth
After successfully raising a combined N4.65 trillion to meet the Central Bank of Nigeria’s (CBN) recapitalisation requirements, Nigerian banks are…
Samsung Union Strike Threat: Talks Extended as Global Chip Supply Chain Faces Disruption Risk
Samsung Electronics and its labour union have agreed to extend negotiations until Tuesday in an urgent effort to prevent what…
Brent Crude Oil Prices Surge Above $111 as Middle East Tensions Fuel Supply Shock Fears
Oil prices surged sharply in early Asian trading on Monday, with Brent crude crossing the $111 mark as renewed geopolitical…
Foreign Investors Deepen Interest in Nigeria’s Refinery Sector as Global Confidence Grows
Nigeria’s refinery and downstream petroleum industry is witnessing a fresh wave of global attention as foreign technical experts and investors…
Federal Government Unveils Smart National Transport Databank to Revolutionize Nigeria’s Transport System
The Federal Government has announced plans to establish a Smart National Transport Databank (SNTDB) aimed at transforming Nigeria’s transport system…
CBN, CIBN Push for Stronger Female Leadership in Banking as Lagos Hosts Maiden AWBFA Conference
The conversation around female banking leadership in Africa took center stage in Lagos as the African Women in Banking and…
Stock Futures Drop After Record Wall Street Rally as Investors Brace for Nvidia Earnings and Rising Oil Prices
Stock futures slipped early Monday after a strong, record-setting week on Wall Street, signaling a cautious start as investors shifted…