BUA Foods approves N504b dividend, unveils expansion plan to boost food security
BUA Foods Plc has approved a massive N504 billion dividend for shareholders while unveiling an ambitious expansion plan designed to…
Category: Business
SpaceX Shares Slip Below IPO Price as Investor Optimism Fades Amid Valuation Concerns
SpaceX shares dropped below their $135 initial public offering (IPO) price for the first time on Wednesday, signaling a major…
NGX Major Deals Hit N32.73 Billion as First HoldCo and Seplat Lead Market Rebound
The Nigerian Exchange (NGX) witnessed a surge in high-value transactions on Tuesday, with major deals totaling approximately N32.73 billion across…
World Bank: 79% of Nigerians Still Face Poverty Despite Economic Reforms
Despite nearly three years of major economic reforms by the Federal Government, the World Bank has revealed that about 79…
U.S. Crude Inventories Drop 1.7 Million Barrels as Iran Tensions Keep Oil Markets on Edge
The latest U.S. Energy Information Administration (EIA) report has revealed a significant decline in American crude oil stockpiles, with inventories…
Foreign Investors Shift to Indian Bonds as Stock Market Sees Massive Sell-Off
Foreign investors are increasingly turning their attention to Indian government bonds, even as they continue to pull money out of…
Nigeria Tax Revenue Jumps to N21.6 Trillion in H1 2026 as Economic Reforms Deliver Results
Nigeria’s tax revenue recorded a remarkable boost in the first half of 2026, reaching N21.6 trillion and marking a 49…
CBN Rate Hike Looms as Pre-Election Spending Raises Inflation Concerns
Nigeria’s financial markets could face a significant shift in the coming months as experts warn that the Central Bank of…
NGX Gains N390bn as Banking Stocks Drive Market Rally Despite Weaker Trading Activity
The Nigerian Exchange (NGX) extended its bullish run on Wednesday, adding a remarkable N390.32bn to investors’ wealth as strong demand…
Tinubu Says Economic Reforms Are Driving Nigeria’s Steady Growth as Deloitte Backs Recovery Efforts
President Bola Tinubu has expressed confidence that Nigeria’s economy is on a path of steady growth, stating that the reforms…
US Inflation Eases in June as Energy Prices Fall, but Fresh Middle East Tensions Cloud Outlook
The United States recorded a welcome slowdown in inflation during June 2026, driven largely by a sharp decline in energy…
FG inaugurates advisory committee to drive economic reforms
The Federal Government has taken another significant step in its economic reform agenda with the inauguration of a Ministerial Advisory…
Dangote Refinery Shields Nigerians from Global Fuel Price Shock, Says S&P Global
Dangote Petroleum Refinery is playing a crucial role in protecting Nigerians from the impact of rising global fuel prices, according…
Stock Buy Recommendations: Zenith, UBA and Access top Brokers’ list
Nigeria’s stock market is showing strong signs of recovery after a sharp sell-off in June 2026 wiped out more than…
Nigeria Foreign Reserves Surge to $51.86 Billion, Highest Level Since 2009 as Investor Confidence Grows
Nigeria’s foreign reserves have reached an impressive $51.86 billion, marking the highest level recorded in more than 17 years and…
BREAKING: Nigeria’s inflation eases to 15.91% in June despite rising food prices
Nigeria’s headline inflation rate edged lower to 15.91% in June 2026, compared to 15.93% recorded in May, according to the…
FTSE Russell Delays Nigeria Frontier Market Reclassification Amid T+1 Settlement Concerns
Nigeria’s hopes of reclaiming its position in the global Frontier Market Index have hit a temporary roadblock after FTSE Russell…
CBN Signals High Interest Rates May Persist as Reform Gains Boost Investor Confidence
The Central Bank of Nigeria (CBN) has indicated that high interest rates could remain in place for longer as policymakers…
Nigeria, Hong Kong Sign Double Taxation Agreement to Boost Trade and Investment
Nigeria and the Hong Kong Special Administrative Region of the People’s Republic of China have officially signed a landmark Double…
China Oil Inventories Emerge as Key Force Behind the Next Global Oil Rally
China’s massive oil stockpiles are rapidly becoming one of the most influential factors in the global energy market, with analysts…
Global Smartphone Shipments Drop as AI Hijacks Chip Supply
Imagine walking into a store to replace your aging phone, only to find the price tag has jumped by nearly…
Stock Futures Rise as Cooling Inflation Boosts Fed Rate Cut Hopes
Wall Street appeared set for another positive session on Wednesday as stock futures edged higher following a surprisingly soft U.S.…
Top Shariah-Compliant Mutual Funds in Nigeria Spark 74% Asset Surge in H1 2026
Ethical investing is no longer just a niche moral choice in Nigeria—it is officially a highly lucrative wealth strategy. Fresh…
Nigerian Stock Market Rebounds as Market Capitalisation Surges by N719bn
After two consecutive days of losses, the Nigerian stock market staged a strong comeback on Tuesday, delivering a significant boost…
Federal Govt Inaugurates Joint Decarbonisation Group For Oil, Gas Sector
Nigeria has taken a major step toward balancing economic growth with climate responsibility following the inauguration of the Joint Decarbonisation…
US June Inflation Cools to 3.5% as Energy Dropped, But Middle East War Threatens Relief
American consumers caught a rare break last month as US June inflation cooled faster than anyone expected. Fresh Labor Department…
FG Grants Shell $11.5 Per Barrel Tax Credit to Unlock $20 Billion Bonga Deepwater Investment
The Federal Government has approved a special production-linked tax credit for Shell Plc’s Bonga Southwest Aparo deepwater oil project, a…
US stocks climb as inflation eases, banks impress
Wall Street caught a breath of fresh air on Tuesday morning as cooling inflation data and a blockbuster start to…
NGX Loses N1.32 Trillion as Profit-Taking Triggers Broad Market Sell-Off
The Nigerian Exchange (NGX) started the week on a bearish note as investors wiped off an estimated N1.32 trillion from…
NNPC and African Oil Giants Unite to Launch $5B Bank and End Fuel Imports
Africa is officially tired of exporting its wealth and buying it back at a premium. In a massive push toward…