Nigerian Stock Market Surges as Investors Trade N374bn Worth of Shares in a Week of Strong Rally
The Nigerian capital market ended last week on a strong bullish note, with investors exchanging an impressive 7.77 billion shares…
Category: Business
West African Ports Vital to Global Economic Survival, Says NPA Boss
The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has emphasized that West African ports play a…
FGN Bonds and T-Bills Deliver Peak Returns in Q1 2026 as 364-Day Treasury Bill Hits 18.47%
Nigeria’s fixed-income market recorded some of its strongest sovereign returns in recent years during the first quarter of 2026, before…
Oil Prices Near $110 as Trump Warns Iran Over Strait of Hormuz Crisis
Oil prices climbed sharply toward $110 per barrel on Sunday, reaching about $109.3 as rising tensions in the Middle East…
CBN rules give foreign banks, fintechs advantage over Nigerian lenders – Chapel Hill report
Nigeria’s banking sector is facing renewed scrutiny after a new report by investment banking and research firm Chapel Hill Denham…
Naira Falls to N1,371/$ as Rising FX Demand and Global Oil Tensions Shake Nigeria’s Economy
Nigeria’s currency came under fresh pressure last week as the naira weakened slightly against the United States dollar, settling at…
Fuel Import Battle Deepens as Marketers Oppose Dangote’s Fresh Court Move Against Petrol Licences
The battle over fuel importation in Nigeria has intensified after petroleum marketers strongly opposed a fresh lawsuit filed by the…
63% of Nigerians Demand Lower Interest Rates Ahead of CBN MPC Meeting
As the Central Bank of Nigeria prepares for its crucial Monetary Policy Committee meeting on May 19 and 20, a…
European Markets Slide as Trump’s Iran Warning Sparks Fresh Global Tension
European stock markets began the week on a negative note after renewed tensions between the United States and Iran rattled…
Nigeria Inflation Rises to 15.69% in April 2026
Nigeria inflation rises to 15.69% in April 2026, according to the latest Consumer Price Index report released by the National…
Nvidia Stock Outlook: Jim Cramer Says AI Chip Sales in China May Help, But Growth Is Strong Either Way
CNBC’s Jim Cramer has weighed in on the growing debate around Nvidia’s future in China, saying the company should be…
Africa’s Cement Industry Set to Hit $11.71bn by 2029 Amid Infrastructure Boom
Africa’s cement manufacturing industry is on track for significant expansion, with its total market value projected to rise from about…
IMF Says US-China Dialogue Could Boost Global Economy Amid Rising Oil and Inflation Pressures
The International Monetary Fund (IMF) has welcomed recent high-level discussions between U.S. President Donald Trump and Chinese President Xi Jinping,…
Kospi Crashes 6% From Record High as Tech Stocks Tumble
South Korea’s stock market took a dramatic turn on Friday as the Kospi index plunged more than 6%, wiping out…
NGX Market Dips Slightly as Profit-Taking Hits Blue-Chip Stocks Amid Mixed Investor Sentiment
The Nigerian Exchange (NGX) recorded a mild downturn in trading activities as profit-taking pressure weighed on key market indicators, despite…
Institute Restates Commitment To Capital Market Growth
The Chartered Institute of Stockbrokers (CIS) has reaffirmed its commitment to strengthening Nigeria’s capital market following the election of Jude…
Nigerian Stock Market Loses N170bn as Investors Trigger Mid-Cap Selloff Amid Profit-Taking
The Nigerian equities market ended trading on a weak note on Thursday, wiping off about N170 billion in investor wealth…
SEC Raises Alarm Over Rising Fake Online Investment Platforms Targeting Nigerians (Ponzi Scheme Warning)
The Securities and Exchange Commission (SEC) has issued a strong warning to Nigerians over the growing spread of unregistered online…
Iran wants BRICS to condemn US, Washington boosts UN aid, Kenya fuel prices surge and other stories
Global tensions intensified at a recent BRICS+ summit in New Delhi as Iran called on member states to condemn the…
Naira Climbs to N1,853/£ as UK Political Crisis Weakens Pound Sterling
The Nigerian Naira has posted a noticeable rebound in the foreign exchange market, strengthening to around N1,853 per British pound,…
Nigerian Stock Market Losses as Investors Lose N170bn Amid Bearish Pressure
The Nigerian stock market ended trading on a negative note as investors collectively lost about N170 billion following sustained bearish…
NNPC Urged to Revive Refineries Amid Controversy Over Dangote Refinery Stake Expansion
The Nigerian National Petroleum Company Limited (NNPC) has come under fresh criticism from industry stakeholders over its reported interest in…
Nigeria, Germany Sign €365m Development Deal to Boost Energy, Agriculture and Investment Growth
Nigeria and Germany have entered into a major €365 million development and investment partnership aimed at accelerating economic growth, expanding…
Tier-1 Nigerian Banks Surge to N114 Trillion Deposits as Lending Slows Amid Tight Monetary Policy
Nigeria’s biggest banks ended 2025 with a powerful surge in customer deposits, even as lending activity slowed under tight monetary…
OMO sales hit N5.63 trillion in two weeks as 126-day bill draws oversubscription
Nigeria’s fixed income market saw a surge of investor activity as the Central Bank of Nigeria (CBN) recorded a staggering…
Heirs Holdings Subsidiaries Ranked Among Africa’s Fastest-Growing Companies by Financial Times
Heirs Holdings has strengthened its reputation as one of Africa’s leading investment groups after three of its subsidiaries earned spots…
PenCom Gives PFAs Green Light to Invest in Dangote Refinery IPO Ahead of Historic Listing
Nigeria’s pension industry is set for a major investment shift after the National Pension Commission (PenCom) approved a special waiver…
Tinubu Targets Massive Investment in Power, Mining Sectors at Africa CEO Forum — Oyedele
Nigeria’s push to attract fresh foreign investment took centre stage at the ongoing Africa CEO Forum in Kigali, Rwanda, as…
OPEC+ Moves to Restore 1.65 Million bpd Oil Cuts by September Amid Middle East Tensions
Key members of OPEC+ are pushing ahead with plans to gradually increase oil production quotas over the next few months,…
Dangote Refinery Set for Africa’s Biggest IPO With POS, Fintech Platforms for Retail Investors
Africa’s largest refinery, the Dangote Refinery, is preparing to revolutionize retail investing in Nigeria as it plans to deploy Point-of-Sale…