NGX Rebounds by N719 Billion as FirstHoldCo and MTN Nigeria Lead Market Recovery
The Nigerian Exchange (NGX) staged a strong comeback on Tuesday, adding N719 billion to its market capitalisation as renewed investor…
Category: Business
Dangote’s Dollar Fuel Pricing Sparks Fresh Pressure on Naira and Pump Prices
Nigeria’s downstream petroleum sector is facing fresh uncertainty following Dangote Petroleum Refinery’s decision to price refined petroleum products in U.S.…
Nigeria, Ghana, Côte d’Ivoire, Cameroon form alliance to end raw cocoa exports
For decades, the story of African cocoa has been one of missed opportunity: the continent grows the vast majority of…
Tinubu Urges Afreximbank to Fast-Track Africa’s Industrialisation and Economic Growth
President Bola Ahmed Tinubu has called on the African Export-Import Bank (Afreximbank) to play a more active role in driving…
DMO Opens N1.2 Trillion Bond Auction as Federal Government Seeks Investor Subscriptions
The Debt Management Office (DMO) has announced the opening of subscriptions for a N1.2 trillion federal government bond auction, providing…
Nigeria Oil Sector Reforms: IPPG Pushes for Coordinated Action to Boost Global Competitiveness
Nigeria’s oil and gas industry has been urged to embrace a new wave of coordinated reforms aimed at transforming the…
South Africa Strategic Oil Reserve Plan Targets 36 Million Barrels to Boost Energy Security
South Africa is set to significantly strengthen its energy security with plans to establish a strategic petroleum reserve of approximately…
African Union Pushes for Greater Livestock Investment to Unlock Africa’s Pastoral Economy
The African Union has intensified calls for greater investment in Africa’s pastoral livestock sector, describing it as a largely untapped…
Nigerian Stock Market Loses N1.32 Trillion as Investor Risk Aversion Deepens Sell-Off
The Nigerian stock market suffered a significant setback on Monday as heightened investor caution erased N1.32 trillion from the Nigerian…
Dow Futures Slide as IBM Earnings Miss and Oil Prices Surge Ahead of Key Inflation Report
Wall Street faced fresh pressure on Tuesday morning as Dow futures tumbled more than 250 points, driven by disappointing corporate…
Dangote Refinery Switches to Dollar Pricing, Ends Naira Payments for Petrol Sales
Dangote Petroleum Refinery has officially ended naira-denominated transactions for the sale of petrol, diesel, and aviation fuel, marking a significant…
TotalEnergies Demands Nigeria’s Gas Potential Unlocked For Domestic Market, Exports
Nigeria is sitting on an energy goldmine, and the world is officially knocking on its door. At the 25th Nigeria…
Nigeria Overnight Funding Market Hits Record N97.45 Trillion as NOFR Holds Steady at 22%
Nigeria’s overnight funding market reached a historic milestone in June 2026, with total transaction volumes climbing to a record N97.45…
Oil Prices Surge Above $80 as Trump Revives Iran Blockade, Raising Global Supply Fears
Global oil markets were shaken on Monday as crude prices surged above $80 per barrel following a dramatic escalation in…
Nigeria and Hong Kong Sign Historic Double Taxation Agreement to Protect Investors
In a major win for international business, Nigeria and Hong Kong have officially joined forces to eliminate the financial headache…
IMF July economic outlook: Oil lifts Nigeria, AI lifts the World’s winners
The latest IMF July economic outlook paints a picture of resilient growth, projecting a steady 4.1% expansion for Nigeria in…
Nigeria FX Market Turnover Drops 46.57% to $1.63 Billion as Trading Activity Slows
Nigeria’s FX market turnover recorded its steepest weekly decline of 2026, falling by 46.57% to $1.63 billion in the week…
Nigeria-Brazil Agricultural Trade Deal Officially Kicks Off
Nigeria and Brazil have officially moved from paperwork to policy as the two nations begin implementing a major new agricultural…
NGX Profit Taking Erases N1.32 Trillion in Massive Monday Sell-Off
It was a bruising start to the trading week on the Nigerian Exchange (NGX) as a heavy wave of profit-taking…
Manufacturing Sector Struggles Despite N1.17 Trillion VAT Contribution as Industry Leaders Demand Urgent Reforms
Nigeria’s manufacturing sector generated an impressive N1.17 trillion in Value Added Tax (VAT) revenue in 2025, representing a 45.61 percent…
Negative sentiments resume as capitalisation dips by N1.32tr
It was a bruising Monday for investors on the Nigerian Exchange (NGX) as a sudden wave of panic-selling wiped a…
AS US, Iran Resume Hostilities over Strait of Hormuz, Dangote to Now Sell Fuel in Dollars
The fragile peace in the Middle East has shattered once again. A fresh wave of military strikes between the United…
Nigeria Crude Oil Production 2026 Soars to Highest Level in Over Six Years
Nigeria’s energy sector is humming with newfound energy as the nation’s crude oil production soared to an average of 1.56…
Stock market investors trade N220.6bn shares as banking sector dominate activity
The Nigerian Exchange (NGX) turned into a bustling financial powerhouse this past week as stock market investors traded a massive…
Tanzanian Billionaire Backs Dangote’s Kenya Refinery Plan with $100 Million Investment Offer
Africa’s drive toward industrial self-sufficiency received a major boost after Tanzanian billionaire Mohammed Dewji announced his willingness to invest $100…
Nigeria’s Stock Overtakes South Korea As World’s Best-Performing
Nigeria’s stock market has climbed to the top of the global rankings, emerging as the world’s best-performing equity market in…
Nigerian bourse overtakes South Korean equities to claim world’s best-performing stock market
Nigeria’s stock market has claimed the title of the world’s best-performing equity market in dollar terms for 2026, surpassing South…
NGX Surges to Record N155.59tn as Investor Confidence Sparks Historic Market Rally
The Nigerian Exchange (NGX) delivered another landmark performance on Wednesday, with market capitalisation soaring to an unprecedented N155.59 trillion as…
NGX Investors Gain N3.45 Trillion as Blue-Chip Stocks Drive Powerful Midweek Rally
The Nigerian stock market delivered a strong performance on Wednesday as investors recorded a massive N3.45 trillion gain, extending the…