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Business
Heirs Insurance Premium Surges 88.5% to N115bn as Claims Payments Rise
Heirs Insurance Group has recorded a major jump in its business performance, with its combined gross written…
Top 10 Nigerian Stocks That Led Market Rally as University Press Surged 18.75%
Nigerian equities staged a strong rebound in the week ended August 28, with several stocks posting significant…
Stock Futures Slip After U.S.-Iran Strikes as Wall Street Eyes Winning August
U.S. stock futures slipped early Monday after renewed military strikes between the United States and Iran triggered…
NGX Investors Gain N1.29tn as FTSE Russell Upgrade Sparks Fresh Buying Interest
The Nigerian equities market started to regain momentum as investors gained N1.29 trillion in market capitalisation…
Nigeria Targets Emerging Market Status After FTSE Russell Upgrade
The Federal Government is setting its sights beyond Nigeria’s return to the FTSE Russell Frontier Market Index,…
Nigeria’s FX Utilisation Hits $16.2bn in Q1, Jumps 74% as Dollar Supply Improves
Nigeria’s foreign exchange utilisation surged to $16.2bn in the first quarter of 2026, marking a 74 per cent…
Pension Inflows Rise 42% to N147m, But 200,505 Accounts Remain Dormant
Pension inflows in Nigeria recorded a strong increase in the first quarter of 2026, with quarterly contributions…
FG Opens 2027 Finance Bill to Nigerians’ Input, Sets September 11 Deadline
The Federal Government has opened the floor to Nigerians, businesses and other stakeholders to submit ideas that…
Safaricom Reclaims KSh1.5 Trillion Market Cap as Nairobi Stocks Extend Rally
Safaricom has reclaimed the KSh1.5 trillion market cap milestone after its share price climbed to a more than…
Kenya Pipeline Targets KSh93.7 Billion Revenue From 25-Year Gulf Energy Oil Deal
Kenya Pipeline Company (KPC) is set to deepen its role in Kenya’s emerging oil industry after its subsidiary, Kenya…
Rwanda Secures First Yen-Denominated Loan Worth $190 Million
Rwanda has secured a $190 million World Bank Group-backed loan, marking the country’s first-ever borrowing in…
GCB Bank Backs Ghana’s New Non-Interest Finance Framework to Expand Financial…
GCB Bank has thrown its support behind Ghana’s new non-interest finance framework, describing the inauguration of…
Thailand, Nigeria deepen agricultural ties
Nigeria and Thailand have taken steps to deepen cooperation in agriculture, with a new partnership targeting youth…
OpenAI Introduces ChatGPT Ads in India as Company Pushes to Boost Revenue
OpenAI has begun displaying advertisements on ChatGPT for selected users in India, marking a major step in the…
Venezuela Oil Revival Gains Momentum as U.S. Firms Move Into PDVSA Deals
Venezuela’s long-awaited oil sector revival appears to be gathering pace after two U.S. companies, SLB and Hunt…
FG Installs 668,000 Electricity Meters Under $500m World Bank Programme
The Federal Government has installed 668,000 electricity meters across customers’ premises…
FG Renews Partnership With Taraba as State Unveils New Plan for Agriculture,…
The Federal Government has renewed its partnership with Taraba State as the state government unveiled a new…
S&P 500 Futures Hold Steady as Investors Await Fed Chair Kevin Warsh’s…
S&P 500 futures were little changed early Friday as investors turned their attention to Federal Reserve…
Nigeria Returns to FTSE Frontier Market as Reforms Restore Investor Confidence
Nigeria is set to return to FTSE Russell’s Frontier Market status from September 21, 2026, in what market experts…
CBN Cuts T-Bill Rate to 17.15% as Investors Flood 1-Year Bill With N3.63tn Demand
Investors have sent a strong signal in Nigeria’s fixed-income market, showing a clear preference for longer-term…
Nigerian Stocks Rebound as Market Capitalisation Gains N305.6bn, ASI Nears 240,000…
The Nigerian stock market staged a strong rebound on Thursday as renewed buying interest in major companies pushed…
Nigeria’s Foreign Reserves Hit $53.11bn, Highest Level in 17 Years
Nigeria’s foreign reserves have climbed to $53.11 billion, reaching their highest level in more than 17 years,…
NCDMB Calls for Pan-African Local Content Partnerships to Boost Africa’s…
The Nigerian Content Development and Monitoring Board (NCDMB) has called for stronger Pan-African local content…
Hormuz Tanker Traffic Falls as Oil Flows Recover Despite Rising Tensions
Tanker traffic through the Strait of Hormuz has fallen below its recent average, even as crude oil flows through…
Petrol Price Nears N1,300/Litre as Marketers Warn of More Uncertainty
Petrol prices are edging closer to N1,300 per litre in parts of Nigeria, with petroleum marketers warning that…
Nigeria’s External Reserves Hit $53.11bn, Near 17-Year Record
Nigeria’s external reserves have climbed to $53.11bn, reaching their highest level in more than 17 years and moving…
Nigerian Stocks Break 11-Day Losing Streak as FTSE Russell Frontier Market Upgrade…
Nigeria’s stock market finally found its footing on Thursday, August 27, ending an 11-session losing streak after…
FTSE Russell Confirms Nigeria’s Frontier Market Return, Sets September 21…
Nigeria is set to officially return to Frontier Market status on September 21, 2026, after global index provider…
PenCom: 91.4% of Nigeria’s Personal Pension Accounts Remain Unfunded
A large majority of Nigeria’s Personal Pension Plan (PPP) accounts are still sitting without contributions,…
Nigeria, Thailand Deepen Push for Agriculture and Technology Partnerships
Nigeria and Thailand are moving to strengthen their bilateral relationship, with agriculture, technology, renewable…