FG Moves for Cheaper Funding as Global Tensions Push Inflation, Oil Prices Higher
The Federal Government has announced plans to pursue cheaper funding and stronger international financial support as escalating global tensions continue…
Category: Business
NGX Market Capitalisation Hits N131.6tn as 31 Stocks Drive Gains in Bullish Trading Session
The Nigerian equities market opened the week on a positive note as renewed buying interest in medium and large-cap stocks…
NGX Market Capitalisation Rises by N443 Billion as 31 Stocks Drive Broad Market Gains
The Nigerian stock market opened the week on a positive note as the Nigerian Exchange Limited (NGX) recorded a strong…
Africa’s FDI Stuck at 4–6% Despite Global Investment Surge, New Report Warns
Africa’s share of global foreign direct investment (FDI) has remained trapped between 4% and 6%, according to a new report…
Edun Pushes for Lower Borrowing Costs at IMF and World Bank Meetings Amid Rising Global Pressures
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, is heading into the 2026 Spring Meetings of…
NGX All-Share Index Crosses 204,000 as Nigerian Stock Market Hits Record High Despite Lower Trading Volume
The Nigerian stock market opened the week on a positive note as the NGX All-Share Index rose to 204,458.9 points…
Nigeria Crude Oil Production Rises to 1.38mbpd in March 2026 as OPEC Reports Modest Recovery
Nigeria’s crude oil production recorded a slight improvement in March 2026, rising to 1.38 million barrels per day (bpd), according…
Nigeria FX Reserves May Fall to $47bn in 2026 Despite Economic Reforms – Fitch Warns
Nigeria’s foreign exchange reserves are projected to decline to about $47 billion by the end of 2026, according to Fitch…
Global Smartphone Shipments Fall 6% in Q1 2026 Amid AI Chip Demand and Middle East Tensions
Global smartphone shipments fell by 6 percent year-on-year in the first quarter of 2026, marking one of the steepest quarterly…
UAE and India Lead Ghana Exports in 2025 as Trade Concentration Deepens
Ghana’s export earnings in 2025 were heavily dominated by a small group of international partners, with the United Arab Emirates…
Asia Markets Rise on U.S.-Iran Deal Hopes as China Export Growth Slows
Asia-Pacific markets closed mostly higher on Tuesday as investors held onto cautious optimism that a diplomatic breakthrough between the United…
Dangote Refinery Becomes Net Exporter as Nigeria Boosts Oil Exports in March
In a historic shift for Nigeria’s energy sector, the Dangote Petroleum Refinery & Petrochemicals recorded a major milestone in March…
Nigeria Targets Wealthy Lifestyle Spending to Boost Tax Revenue
Nigeria is stepping up efforts to boost public revenue by targeting wealthy individuals through a data-driven tax monitoring system that…
European Markets Rise on Iran Peace Talks Hopes Amid Oil Volatility
European stock markets opened higher on Tuesday, buoyed by renewed optimism that diplomatic talks between the United States and Iran…
Dangote Refinery IPO Set to Raise $5bn in Historic African Listing
Nigeria is on the brink of a landmark financial moment as Aliko Dangote moves forward with plans to list the…
Insurance Recapitalisation: Nigeria’s Insurance Sector Undergoes Major Shake-Up Ahead of 2026 Deadline
Nigeria’s insurance industry is undergoing one of its most significant transformations in years as the 2026 recapitalisation deadline set by…
Global Stocks Rise as Oil Prices Dip After US-Iran Ceasefire Talks Ease Market Fears
Global financial markets ended the week on a mixed but cautiously optimistic note, as stocks rose across major indices while…
Nigeria Fuel Prices, Inflation Rise as Oil Nears $100+ Amid Strait of Hormuz Crisis
Nigeria’s economy is once again under pressure as global crude oil prices edge toward the $100-per-barrel mark following escalating geopolitical…
Nigerian Stock Market Gains N1.36 Trillion as Equities Rally Continues on Banking and Consumer Stocks
The Nigerian equities market extended its bullish run last week, delivering a strong performance that lifted investors’ wealth by N1.36…
Ellah Lakes Grows Revenue to N146.7bn in 17 Months as Agribusiness Expansion Gains Momentum
Ellah Lakes Plc has reported a sharp rise in performance, growing its total revenue to N146.7 billion over a 17-month…
CBN Tightens Oversight of Digital Finance Platforms as Nigeria Expands Virtual Asset Regulation
The Central Bank of Nigeria (CBN) has stepped up efforts to regulate the fast-growing digital finance sector, introducing stronger oversight…
Cash Outside Banks Falls to N5.20 Trillion in February 2026 as Nigeria’s Liquidity Cycle Stabilizes
Nigeria’s cash held outside the banking system declined slightly in February 2026, falling by 0.058% to N5.20 trillion, as liquidity…
Electricity Generation Rises to 4,300MW as FG Credits Gas Supply Boost and Sector Reforms
The Federal Government has announced an improvement in Nigeria’s electricity generation, which increased from 3,951 megawatts to 4,300 megawatts between…
NUPRC Unveils Digital Reforms to Boost Oil Production and Attract Investment in Nigeria
Nigeria’s upstream oil and gas sector is set for a major transformation as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)…
Expert Calls for Ethical Digital Finance Leadership to Strengthen Fraud Prevention in Banking Sector
A fraud prevention and compliance expert, Blessing Umoh, has called for stronger ethical leadership and improved compliance systems in the…
Nigeria’s External Reserves to Fall to $47bn by 2026, Fitch Warns Amid Economic Pressures
Fitch Ratings has projected that Nigeria’s external reserves will decline to around $47 billion by the end of 2026, despite…
IMF to Cut Global Growth Outlook as U.S.-Iran Conflict Triggers Economic Uncertainty
The International Monetary Fund (IMF) is preparing to revise down its global economic growth forecast, warning that escalating tensions between…
World Bank Fuel Import Recommendation Sparks Backlash in Nigeria as Expert Cites PIA Violation
An energy economist, Ken Ife, has strongly criticised the World Bank’s recommendation that Nigeria should deepen fuel imports and further…
Crude Oil Prices Jump 7% After U.S. Navy Strait of Hormuz Blockade Order Sparks Global Energy Shock
Global crude oil prices surged sharply on Monday, April 13, rising by more than 7% after the United States announced…
Asia Markets Fall as Oil Surges Above $100 on U.S. Iran Port Blockade Fears
Asian markets opened the week on a weaker note as investors reacted to escalating geopolitical tensions in the Middle East,…