Oil Prices Surge Over 6% as Trump’s Iran War Threat Escalates Market Fears
Oil prices jumped sharply on Wednesday, with global benchmark Brent crude rising more than 6%, after U.S. President Donald Trump…
Category: Business
NGX Empowers Students with Investor Protection Education During Global Money Week
The Nigerian Exchange Limited (NGX) has taken a major step toward safeguarding the financial future of young Nigerians by hosting…
Nigerian Stock Market Hits Record N29.8 Trillion Gain in Q1 2026
The Nigerian stock market achieved an unprecedented milestone in the first quarter of 2026, recording a staggering N29.8 trillion gain.…
UAC Nigeria Revenue Hits N341bn Amid CHI Acquisition Drive
UAC of Nigeria Plc has posted a remarkable N340.5 billion in revenue for the year ended 31 December 2025, marking…
Nigerian Stock Market Rebounds: ASI Gains 0.40% Amid Strong Consumer Stock Demand
The Nigerian stock market snapped its recent losing streak on Tuesday as the benchmark All-Share Index (ASI) rose 0.40 per…
Afreximbank Leads $4 Billion Funding Boost for Dangote Refinery
The African Export-Import Bank (Afreximbank) has underwritten $2.5 billion of a $4 billion senior syndicated term loan for Dangote Petroleum…
German Firms Target Nigeria’s €222bn Food Market to Boost Agri-Tech Investment
German companies are ramping up their interest in Nigeria’s burgeoning food sector, projected to reach €222 billion by 2026. Both…
NNPC to Boost Crude Supply to Dangote Refinery from May Amid Rising Fuel Prices
The Nigerian National Petroleum Company Limited (NNPC) will increase crude oil allocations to the Dangote Refinery starting May, industry sources…
Salesforce Transforms Slack with AI Makeover: 30 New Features and Smarter Slackbot
Salesforce is taking its commitment to artificial intelligence to the next level, announcing a major AI-focused update for Slack at…
High Capital Requirements Undermine Ghana’s Investment Competitiveness – GIPC
Ghana’s investment landscape faces a major hurdle due to high capital requirements, making the country less competitive in West Africa,…
NNPC Increases Crude Supply to Dangote Refinery to Seven Cargoes Amid Rising Fuel Prices
The Nigerian National Petroleum Company Limited (NNPC) has announced an increase in crude oil allocations to the Dangote Petroleum Refinery,…
Naira Weakens to N1,387/$ as Nigeria’s Foreign Reserves Fall to $49.29 Billion
The Nigerian naira weakened slightly to N1,387 per dollar on Tuesday, up from N1,386.75/$ recorded in the previous session, according…
Oil Prices Hover Around $100 Amid Trump Iran Exit Comments and Middle East Tensions
Crude oil prices swung wildly around the $100 mark on Wednesday as investors reacted to U.S. President Donald Trump’s comments…
Nigerian Crude Soars in March as Bonny Light Commands Premium Amid Geopolitical Tensions
Nigerian crude oil marked its strongest monthly performance in March, climbing nearly 58% and approaching $120 per barrel at the…
NGX Records Historic N30trn Q1 Gain as Nigerian Stocks Surge to Record Highs
Nigeria’s stock market has delivered a historic performance in the first quarter of 2026, with investors recording a massive N29.83…
Nigeria’s Gas Wealth Attracts Europe Amid Supply Crisis, But Infrastructure Gaps Slow Response
European energy markets are under pressure as supply disruptions from Qatar force countries like Belgium, Italy, and Poland to urgently…
Investors Gain N29 Trillion in Q1 2026 as Nigerian Stock Market Surges
Investors on the Nigerian Exchange Limited (NGX) enjoyed a remarkable start to 2026, recording unprecedented gains of N29 trillion in…
Nigerian Stock Market Dips by N275 Billion as Investors Take Profits
The Nigerian stock market opened the new week on a negative note, with profit-taking activities in Lafarge Africa Plc and…
Senegal Secures $537M Bond at 6.4%, Outpacing Nigeria’s Borrowing Costs
Senegal has successfully raised 304.15 billion CFA francs ($537.6 million) in its first public bond sale of 2026, securing interest…
9.2 Million Nigerians Benefit from FG’s N688bn HoPE Cash Transfer Programme
No fewer than 9.2 million Nigerians have benefited from the Federal Government’s Household Prosperity and Empowerment Cash Transfer (HoPE-CT) Programme,…
Wale Edun Urges Mobilisation of Domestic Capital to Boost Nigeria’s Growth and Reduce Poverty
Nigeria’s Finance Minister and Coordinating Minister of the Economy, Wale Edun, has emphasised the urgent need to mobilise domestic capital…
Nigeria’s Oil Sector in Crisis: Urgent Reforms Needed Before Wells Run Dry
For decades, Nigeria’s oil sector has been the backbone of the nation’s economy, funding government budgets and providing much of…
Middle East Conflict Could Slash Africa’s Economic Growth by 1.5% – AfDB Warns
The African Development Bank (AfDB) has cautioned that the ongoing conflict in the Middle East could significantly affect Africa’s economic…
Nigeria Targets 12 BCF Daily Gas Output Amid Energy Expansion Push
Nigeria is ramping up its natural gas production as part of an ambitious strategy to position the resource at the…
Nigeria’s Solar Panel Imports Surge Amid Persistent Power Outages
Nigeria’s imports of solar panels from Asia have surged, with the fourth quarter alone recording a total of N100.83 billion,…
Nigeria Can Boost Oil Production by 100,000 bpd in Months – NNPC CEO
Nigeria has the potential to increase its oil production by about 100,000 barrels per day in the next few months,…
Nigeria’s Creative Economy Could Surpass $13 Billion, NITDA Boss Projects
The National Information Technology Development Agency (NITDA) has highlighted the immense growth potential of Nigeria’s creative economy, projecting that it…
European Stocks Plunge to Worst Month Since 2020 Amid Iran Conflict Uncertainty
European markets are heading toward their worst monthly performance since early 2020, with March trading marred by uncertainty over the…
Tax Filing Deadline Chaos: Nigerians Risk Penalties as FCT-IRS Portal Fails
Thousands of Nigerian taxpayers were left stranded on Monday after technical glitches crippled the Federal Capital Territory Internal Revenue Service…
Over $100 Billion Lost to Oil and Gas Price Spikes Amid Iran War: 350.org Warns of Global Economic Fallout
Just one month into the Iran war, ordinary people around the world are already paying an extraordinary price for fossil…