Naira Gains Slightly as FX Liquidity Hits $10bn in April, Trade Activity Surges
The Nigerian naira closed April 2026 on a slightly stronger note, supported by improved liquidity in the country’s foreign exchange…
Category: Business
NGX Group Q1 2026 Profit Surges 140% to N5.98bn on Strong Trading Activity
The Nigerian Exchange Group Plc delivered an impressive financial performance in the first quarter of 2026, posting a pre-tax profit…
Seplat Energy Q1 Profit Jumps to N52.5bn as Company Declares Dollar Dividend
Seplat Energy Plc has kicked off 2026 on a strong note, reporting a post-tax profit of N52.5 billion for the…
NNPC Completes OB3 River Niger Crossing, Unlocks 2bcf/d Gas Capacity
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the successful completion of the River Niger crossing on the…
MTN Nigeria Profit Surges to N355.5bn as Data and Fintech Revenue Drive Strong Q1 Growth
MTN Nigeria Communications Plc has reported a strong start to 2026, more than doubling its profit after tax to N355.5…
Naira Ends Losing Streak as FX Liquidity Improves, Trades at N1,379/$ Amid Narrowing Market Gap
The Nigerian naira staged a mild recovery in the official foreign exchange market on Wednesday, breaking a week-long run of…
Dangote Cement Posts N421.1bn Q1 Profit as Revenue Crosses N1.19 Trillion
Dangote Cement Plc has started 2026 on a strong note, reporting a profit before tax of N421.1 billion in the…
Naira Strengthens Slightly Against Dollar as FX Turnover Surges in Nigerian Foreign Exchange Market
The Nigerian naira recorded a modest gain against the US dollar on Wednesday, supported by a notable rise in foreign…
Africa Positioned at the Heart of Global AI Economy’s Future – ELIN Group CEO
Nigerian business leader and Chief Executive Officer of ELIN Group, Dr. Elizabeth Jack-Rich, has said Africa will play a central…
NGX crosses N150 trillion market cap as equities surge N5.55 trillion in single-day rally
The Nigerian equities market delivered a historic performance on Wednesday as the Nigerian Exchange Group (NGX) crossed the N150 trillion…
NGX Targets Deeper Market Growth as Shareholders Approve N2 Dividend, Bonus Shares
The Nigerian Exchange Limited (NGX) has reaffirmed its ambition to drive deeper capital market growth, strengthen transparency, and attract long-term…
Petrol Nears N1,400/Litre as Dangote Raises Price Amid Global Oil Shock and Middle East Crisis
Petrol prices are edging dangerously close to N1,400 per litre across Nigeria as global oil market tensions push costs higher…
Satya Nadella Says Microsoft Will “Exploit” New OpenAI Deal as AI Partnership Enters New Phase
Microsoft CEO Satya Nadella has expressed strong confidence in the company’s updated partnership with OpenAI, saying the tech giant is…
European Markets Fall as Oil Surges and Investors Brace for ECB and BOE Decisions
European stock markets opened lower on Thursday as investors reacted to a sharp rise in oil prices driven by escalating…
Brent Crude Surges Past $126 Amid Trump’s Iran Strike Consideration, Raising Global Supply Fears
Global oil markets rallied sharply on Thursday as Brent crude surged past $126 per barrel, driven by rising geopolitical tensions…
Nigeria PMI Falls to 49.4, Signals First Economic Contraction in 16 Months
Nigeria’s economic momentum took a hit in April 2026 as the Purchasing Managers’ Index (PMI) slipped to 49.4, signaling a…
Africa Must Unite to Unlock Global Solid Minerals Market — Dele Alake
Nigeria’s Minister of Solid Minerals Development, Dele Alake, has called for stronger regional cooperation among African countries to unlock the…
Brent Oil Surges Above $123 Amid Reports of Possible U.S. Military Action on Iran
Global oil markets rallied sharply on Thursday, with Brent crude rising above $123 per barrel following reports that the United…
Nigerian Stock Market Surges by N3.2trn as Investors Return, Market Cap Hits N147trn
The Nigerian stock market recorded a strong recovery on Wednesday, gaining N3.204 trillion in market capitalisation as renewed investor confidence…
BII Targets £9 Billion Investment Push to Boost Nigeria and African Economies
The British International Investment (BII), the United Kingdom’s development finance institution and impact investor, has announced a new five-year strategy…
Oil Supply Shock: Strait of Hormuz Closure Triggers Historic Crude Crisis and Global Economic Risk
The global oil market is facing what analysts are calling the most severe supply shock in history, after the prolonged…
UK-Nigeria Tech Hub Launches Creative Fund to Boost Film, Fashion and Music Industries in Nigeria
The UK-Nigeria Tech Hub has officially launched a Creative Fund aimed at strengthening Nigeria’s fast-growing creative sector, particularly in film,…
NUPRC Board Resumes Duties, Pledges Oil Sector Reforms Amid Global Energy Uncertainty
The newly inaugurated board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially resumed duties, pledging to drive key…
Inefficient Refineries Should Be Phased Out to Boost Energy Efficiency – Dangote Refinery CEO
The Managing Director and Chief Executive Officer of Dangote Petroleum Refinery, David Bird, has called for the gradual shutdown of…
Nigeria, Ghana Lead African Small-Cap Stock Rally as Investors Chase Record Returns in 2026 Market Boom
African equities are experiencing a powerful shift in 2026, as small-cap stocks take centre stage in driving market growth across…
NNPC Hikes Oil Prices Amid US-Iran War as Global Crude Surges
Nigeria’s oil sector has seen a sharp shift as the Nigerian National Petroleum Company Limited (NNPC) increased the official selling…
NGX Sees 107.7% Surge in Foreign Investment to N288.82bn as Investor Confidence Strengthens in March 2026
Foreign investor participation on the Nigerian Exchange Limited (NGX) recorded a significant rebound in March 2026, jumping by 107.74% month-on-month…
VFD Group Reports N5.1 Billion Q1 2026 Profit as Investment Income and Other Gains Surge
VFD Group Plc has kicked off 2026 on a strong note, reporting a pretax profit of N5.1 billion for the…
Naira Weakens to N1,383/$ as External Reserves Drop Deepens FX Pressure
The Nigerian naira continued its downward slide on Tuesday, closing at N1,383 against the US dollar, as pressure intensified in…
European Stocks Slip as UAE OPEC Exit Clouds Global Oil Supply Outlook
European markets opened slightly lower on Wednesday, as investors reacted to a mix of corporate earnings and the unexpected decision…