Browsing Category
Business
Global Equities Slide as Middle East Conflict Pushes Oil Prices Above $120
Global financial markets were shaken on Monday as escalating tensions between the United States, Israel and Iran…
NNPC Posts N385bn Profit as Oil Production Rises to 1.64mbpd
The Nigerian National Petroleum Company Limited reported a profit after tax of N385 billion in January 2026,…
Dangote Fertiliser Demand Surges as US–Israel–Iran Conflict Disrupts Global Supply
Demand for fertiliser produced by Dangote Industries Limited has surged in recent weeks as the escalating tensions…
Global Investors Flock to Nigeria as Growth Potential Surges
Nigeria is rapidly emerging as a prime destination for global investors, with the country’s strategic push toward…
FTN Cocoa, Unity Bank Drive Nigerian Stock Market Rally for Week Ended March 6,…
The Nigerian stock market ended the first trading week of March 2026 in positive territory, with the All-Share…
Oil Stocks Surge 9.43% as Naira Trades at Discount in Parallel Market
The oil and gas sector emerged as the top performer on the Nigerian Exchange Limited (NGX) last week, posting a…
Nigeria LNG Cargo Diverted to Asia Amid Record Gas Price Surge
A shipment of liquefied natural gas (LNG) from Nigeria has been redirected to Asia as soaring regional prices…
NNPC Moves to Secure Foreign Crude for Dangote Refinery Amid Rising Petrol Prices…
The Nigerian National Petroleum Company Limited (NNPC) has initiated plans to secure crude oil for the Dangote…
CBN to Raise N850 Billion in Treasury Bills Auction on March 11, Boosting Weekly…
The Central Bank of Nigeria (CBN) is set to raise N850 billion through a fresh Treasury Bills (NTBs) auction…
Kenya’s Pension Assets Surge to KSh 2.81 Trillion in 2025 Amid Strong…
Kenya’s retirement benefits sector recorded a remarkable growth in 2025, with total pension assets hitting KSh 2.81…
CBN PMI Hits 56.4 in February, Marking 15 Months of Continuous Economic Expansion
Nigeria’s economic momentum continued in February 2026, with the Central Bank of Nigeria’s (CBN) composite…
Treasury Bill Auction Oversubscribed as Ghana’s Interest Rates Drop to 4.82%
Ghana’s recent Treasury bill auction has once again exceeded expectations, signaling strong investor confidence in…
Domestic Investors Lead Nigerian Bank Recapitalisation, Driving 72% of Funds
Domestic investors have been the major force behind Nigeria’s ongoing bank recapitalisation programme, contributing…
Fuel Price Fluctuations in Nigeria Driven by Market Forces, Says NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that the recent…
G7 Finance Ministers to Discuss Emergency Oil Release Amid Iran Conflict
The Group of Seven (G7) finance ministers are set to discuss a coordinated release of emergency oil reserves in a…
Iraq Oil Production Plummets 70% Amid Strait of Hormuz Shipping Disruptions
Iraq’s oil production has taken a severe hit, dropping by roughly 70% after exports through the strategic Strait of…
Nigerian Stock Market Valuation Hits N126 Trillion as Investors Trade N177 Billion…
The Nigerian stock market continued its upward momentum this week, with the total market capitalisation climbing to…
NGX Group and CSCS Lead Global Push for Gender Equality in Capital Markets
The Nigerian Exchange Group (NGX), in collaboration with the Central Securities Clearing System (CSCS) and Women in…
European Markets Set to Slump as Middle East Tensions Push Oil Prices Above $110
European stock markets are expected to open sharply lower on Monday as escalating tensions in the Middle East push…
Champion Breweries Meets NGX Free Float Requirement After Public Offer and Rights…
Champion Breweries Plc has announced that it has successfully met the minimum free float requirement for companies…
NNPC Leads Petrol Price Surge in Nigeria Amid Looming Fuel Scarcity
The price of Premium Motor Spirit (PMS), commonly known as petrol, has surged sharply across Nigeria, sparking…
Dangote Refinery vs Importers: Petrol Price Debate Amid US-Iran Tensions
Amid escalating tensions in the Middle East, Nigeria is witnessing a sharp debate over petrol prices as the Dangote…
Nigeria Positions for Stronger AfCFTA Gains with Subnational Export Expansion
The Federal Government has reaffirmed its commitment to delivering tangible results under the African Continental…
FG Introduces New Presumptive Tax Rules to Simplify Compliance for MSMEs
The federal government of Nigeria has introduced new presumptive tax rules aimed at Micro, Small, and Medium…
Manufacturers Optimistic as CBN Interest Rate Cuts Promise Credit Boost Beyond…
Manufacturers in Nigeria are eyeing a rebound in access to bank credit after lending to the sector dropped to N7.09…
Asia Markets Edge Higher Amid Iran Conflict Concerns and Oil Price Volatility
Asia-Pacific markets mostly rose on Friday as investors cautiously assessed the impact of escalating tensions in…
Nigerian Equities Market Rebounds, NGX Gains N220bn Amid Investor Optimism
The Nigerian equities market recorded a strong rebound on Thursday, as gains in several medium- and large-cap…
Bitcoin Holds Above $72K Amid 2022 Crash Echoes: Analysts Eye Key Support Levels
Bitcoin continued trading above $72,000 on Thursday, giving investors a sense of relief after a recent pullback.…
Nigerian Stock Market Gains N221bn as Nestle Nigeria Drives Investor Demand
The Nigerian stock market witnessed a notable boost yesterday, with the Nigerian Exchange Limited (NGX) gaining…
Naira Holds Strong at N1,850/£1 Amid UK Pound Weakness and Rising Local Demand
The Nigerian naira settled at N1,850 per British pound (GBP) in the official foreign exchange market on Wednesday,…