Oil Price Stabilizes at $95 as Middle East Tensions Push Markets Into Structural Tightness – Standard Chartered
Global oil markets are once again under pressure as geopolitical tensions in the Middle East flare up, pushing Brent crude…
Category: Business
Oil Prices Slip Slightly as U.S.-Iran Tensions Stall Talks and Disrupt Strait of Hormuz Shipping
Global oil markets experienced a slight pullback on Thursday as geopolitical tensions between the United States and Iran continued to…
Tesla Raises 2026 Spending to $25bn as Musk Bets Big on AI, Robotics and Autonomous Future
Tesla has sharply increased its planned capital expenditure for 2026 to more than $25 billion, marking a major strategic push…
UK Cyberwar Warning Raises Alarm Over Nigeria’s Cybersecurity Preparedness
The United Kingdom has issued a strong warning about the rising threat of cyberwarfare, a development that is drawing attention…
West Africa Digital Economy at Risk as WATRA Warns of Submarine Cable Threats
The West African Telecommunications Regulators Assembly (WATRA) has raised concerns over growing threats to West Africa’s fast-expanding digital economy, valued…
Nigeria Money Market Shift: T-Bills Hit N3.2tr as Commercial Paper Market Slumps 58% in March 2026
Nigeria’s money market experienced a sharp shift in March 2026 as investors increasingly turned to government-backed securities. Treasury bills (T-bills)…
Nigeria Gas Sector Investment Hinges on Regulatory Clarity, Says NGA
The Nigerian Gas Association (NGA) has stressed that regulatory clarity, consistent policy implementation, and stronger institutional coordination are essential to…
Afreximbank, St Kitts and Nevis Sign Hosting Deal for ACTIF2026 to Boost Africa-Caribbean Trade Ties
The African Export-Import Bank (Afreximbank) and the Government of St Kitts and Nevis have officially signed a hosting agreement for…
NGX Premium Stocks Hit N54.3 Trillion Valuation as MTN, Dangote Cement and Seplat Lead Market Rally
Nigeria’s stock market is witnessing a powerful surge as the combined valuation of Premium Board stocks on the Nigerian Exchange…
Africa Needs Two More Dangote-Scale Refineries to Close Fuel Import Gap – AFC Report
Africa will need at least two more refineries the size of the Dangote Refinery to keep up with its fast-growing…
European Stocks Fall as Germany Slashes Growth Forecast Amid Iran War and Energy Shock Fears
European stocks closed lower on Wednesday as investors weighed fresh economic warnings from Germany, ongoing geopolitical tension linked to the…
Transcorp Hotels Leads NGX Rally as Market Hits Record 219,586 Points Amid Strong Banking Gains
The Nigerian equities market closed at a fresh record high on April 22, 2026, as the All-Share Index rose to…
Tinubu: CBN Clears Airline Debts to Strengthen Nigeria–UK Aviation Ties and Boost Foreign Investment
President Bola Ahmed Tinubu has said that the Central Bank of Nigeria’s (CBN) move to clear outstanding financial liabilities owed…
European Stocks Open Lower as Markets React to Oil Shock; Nokia and L’Oréal Rally on Strong Earnings
European stock markets started Thursday on a weaker note as investors reacted cautiously to rising geopolitical tensions and higher oil…
CBN Treasury Bills Auction Sees N894bn Allotment as Investor Demand Surges
The Central Bank of Nigeria (CBN) has allotted a total of N894.17 billion in its Treasury Bills Primary Market Auction…
FAAC Shares N2.03 Trillion as VAT Revenue Declines Again in March
Nigeria’s Federation Account Allocation Committee (FAAC) has disbursed a total of N2.03 trillion among the federal government, state governments, and…
Nigeria-UK Relations to Boost Investment Opportunities, Tinubu Assures British Envoy
President Bola Tinubu has reaffirmed that Nigeria’s relationship with the United Kingdom will continue to unlock fresh investment opportunities, strengthen…
FGN Bond Auction: DMO Offers N700bn Securities at N1,000 Per Unit
The Debt Management Office (DMO) has announced plans to auction N700 billion worth of Federal Government of Nigeria (FGN) bonds,…
CBN Warns Nigerians Over Rising Cybersecurity Scam Messages Impersonating Bank
The Central Bank of Nigeria (CBN) has raised an alarm over a growing wave of fraudulent messages, emails, and online…
Nigeria Tax Reform 2025: Stakeholders Address Key Challenges in New Tax System at CITN Conference
The Chartered Institute of Taxation of Nigeria (CITN) has announced that key stakeholders will converge in Abuja for its 28th…
IMF/World Bank Meetings: Dangote Urges Infrastructure Investment as Key Driver of Africa’s Growth
Africa’s richest industrialist and President of the Dangote Group, Aliko Dangote, has called for increased investment in infrastructure as a…
DisCos Remit N77.99bn in Q4 2025 as Performance Drops to 91.19% – NERC Report
Nigeria’s electricity distribution companies (DisCos) remitted a total of N77.99 billion in the fourth quarter of 2025, representing 91.19% of…
Two Decades of Erha Field: How Nigeria’s Deepwater Giant Built Long-Term Value in Oil Production
Two decades after first oil flowed from the Erha Field in Offshore Nigeria’s OML 133, the project is being highlighted…
Nigerian Stock Market Gains N87 Billion as Dangote Cement Leads Rally in Equities Trading
The Nigerian stock market recorded a modest but positive performance as investor wealth rose by N87 billion, driven largely by…
Top 10 Nigerian Stockbrokers in Q1 2026 Ranked by Trade Value as NGX Hits N4.17 Trillion Turnover
The Nigerian Exchange (NGX) has released its Q1 2026 broker performance report, ranking the top Nigerian stockbrokers by the value…
NNPC Crude Supply to Dangote Refinery Surges Past 1 Billion Barrels in April 2026
Crude oil supply from the Nigerian National Petroleum Company Limited (NNPC) surged significantly in April 2026, with over 1.03 million…
Skills Gap Threatens Nigeria Oil Sector Growth, Says NUPRC Amid Industry Transition
Nigeria’s oil and gas industry is facing a growing threat that could slow its long-term development—not a shortage of crude…
Execution Gap and Poor Coordination Slow Nigeria’s Fibre Expansion Drive Despite Project BRIDGE Push
Nigeria’s ambitious push to expand its digital infrastructure is facing significant setbacks as stakeholders point to poor coordination, fragmented implementation,…
Poor Infrastructure Continues to Weigh Down Intra-African Trade and Regional Integration
Poor and in some cases completely missing infrastructure continues to hold back intra-African trade and slow down regional integration efforts…
Tinubu Reshuffles Cabinet, Names Taiwo Oyedele as Finance Minister in Major Economic Shift
President Bola Ahmed Tinubu has carried out a significant but described “minor” cabinet reshuffle, removing Wale Edun from his role…