Clean Energy Momentum Grows Globally, but Nigeria and Africa Lag Behind
As the world observed International Clean Energy Day, United Nations Secretary-General António Guterres delivered a stark message: the global shift…
Category: Business
CBN Governor Olayemi Cardoso Engages British International Investment Delegates to Boost Nigeria’s Financial Sector
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday, January 28, 2026, welcomed a delegation…
Adidas Shares Surge 6% After Record 2025 Revenue Boosts European Stocks
European stocks opened higher on Friday, driven by strong corporate earnings and cautious optimism in global markets. By mid-morning in…
US Fed Holds Interest Rate at 3.5–3.75% to Stabilize Jobs and Tame Inflation
The United States Federal Reserve has decided to keep its benchmark interest rate steady at 3.5–3.75%, citing the need to…
FCMB Records N177bn Profit in 2025, Driven by Strong Lending and Fee Income
FCMB Group Plc has announced a remarkable profit after tax of N177 billion for the year ended December 31, 2025,…
FG’s N9tn Surge in Domestic Loans Crowds Out Private Sector Credit in 2025
Nigeria’s Federal Government sharply increased its domestic borrowing in 2025, drawing N9.19tn from financial institutions, data from the Central Bank…
BUA Foods Reports N508bn Profit After Tax in 2025, Marking 91% Growth
BUA Foods Plc has announced a remarkable N507.7 billion profit after tax for the year ended 31 December 2025, marking…
Nigeria Targets $30 Billion Trade with China by 2030 Through Strategic Partnership
Nigeria is setting its sights on a major expansion of trade with China, aiming for a bilateral trade volume of…
$21bn Capital Inflows Signal Nigeria’s Post-Oil Economic Turning Point
Nigeria may be entering a long-awaited phase of economic recovery, as fresh data points to a decisive shift away from…
Fitch Downgrades Afreximbank to High Risk Over Ghana Debt Deal, Ends Rating Coverage
Fitch Ratings has downgraded the African Export-Import Bank (Afreximbank) to a high-risk profile, citing concerns arising from the bank’s involvement…
Naira Strengthens Below N1,400/$ as Official FX Market Records Fresh Gains
Nigeria’s naira has broken below the N1,400-to-the-dollar threshold on the official foreign exchange market for the first time in more…
NGX Market Capitalisation Rises by N232bn on Improved Investor Sentiment
The Nigerian Exchange (NGX) closed trading on Thursday, January 29, 2026, on a positive note as renewed investor confidence lifted…
AfCFTA SG: How Africa Can Thrive in the New Global Economy
The global economic landscape is undergoing a profound transformation, with rising protectionism and trade barriers reshaping traditional markets. Speaking at…
Nigeria Eyes $400 Billion Commodities Market Through UAE-LCFE Partnership
Nigeria is positioning itself as a key gateway to Africa’s $1 trillion commodities market, aiming to capture $400 billion in…
Reforms and Price Transparency Set to Transform Nigeria’s Markets in 2026 – NGX CEO
Nigeria’s capital markets are poised for a stronger, more transparent future in 2026, thanks to ongoing macroeconomic reforms and improved…
Multi-Trex Secures NGX Approval to Boost Public Shareholding
Multi-Trex Integrated Foods Plc has received a regulatory nod from the Nigerian Exchange (NGX) to take steps toward increasing its…
S&P 500 Futures Steady as Investors Digest Fed Rate Hold and Tech Earnings
S&P 500 futures held steady Wednesday evening as investors weighed a mix of Federal Reserve signals and earnings reports from…
NNPC Petrol Price Increase: Lagos Rises to N835, Abuja to N839 Amid Market Forces
The Nigerian National Petroleum Company (NNPC) Limited has increased petrol prices, with Lagos motorists now paying N835 per litre and…
Nigeria Loses Billions Daily to Illegal Mining, Experts Warn
Nigeria is losing billions of naira every day to illegal mining and the underexploitation of non-oil resources, the Nigerian Mining…
NIPetE Symposium Highlights Innovation-Driven Future for Nigeria’s Energy Sector
Nigeria’s energy future is poised for transformation, as experts at the 2026 NIPetE Oil and Gas Symposium emphasized the need…
Nigerian Exchange Dips 549 Points, Clings to 165,000 Level Amid Mixed Market Sentiment
On Wednesday, January 28, 2026, the Nigerian Exchange (NGX) ended trading in negative territory, shedding 549.4 points to settle at…
PenCom Raises NSITF Retirees’ Pensions by 1,173% After 21-Year Freeze
The National Pension Commission (PenCom) has approved a historic 1,173% increase in pensions for retirees under the Nigeria Social Insurance…
Nigeria Crude Oil Exports Set to Fall 14% in March Amid Bonga and Forcados Cutbacks
Nigeria’s crude oil exports are expected to drop by about 14% in March 2026, falling to roughly 793,000 barrels per…
CBN Governor Cardoso Hosts British Investors to Boost Financial Sector Reforms
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday, January 28, 2026, welcomed a high-profile…
European Markets Open Higher as Earnings Super Thursday Drives Investor Focus
European markets opened higher on Thursday as investors turned their attention to a busy slate of corporate earnings from some…
Tinubu Urged to Intervene as Nigeria Commodity Exchange Faces Imminent Collapse
Workers of the Nigeria Commodity Exchange (NCX) have appealed to President Bola Ahmed Tinubu to urgently intervene and prevent what…
Nigeria Earns ₦55.5 Trillion from Crude Oil Sales in 2025 Despite Production Shortfalls
Nigeria generated an estimated ₦55.5 trillion in crude oil revenue in 2025, driven largely by global oil prices despite struggling…
Naira Strengthens to ₦1,400/$ as Weaker US Dollar Lifts Emerging Markets
Nigeria’s naira continued its upward momentum midweek, appreciating to around ₦1,400 per dollar at the official foreign exchange market, as…
Nigeria’s Economic Reforms Set to Boost Consumer Spending and Drive Growth in 2026
Nigeria’s ongoing economic reforms are set to ignite consumer spending and business growth, according to the Mastercard Economics Institute (MEI).…
Nigeria’s Tax Committee Strengthens Stakeholder Engagement for Smooth Implementation of New Tax Laws
The National Tax Policy Implementation Committee (NTPIC) has intensified efforts to ensure the effective rollout of Nigeria’s newly enacted tax…