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Equity market reverses loss with N117bn gain
The Nigerian Stock Exchange (NSE) rebounded on Thursday, recovering from the previous day's losses as investors…
Nigeria, Germany target over $500mn in energy deals in 2024
Nigeria and Germany plan to surpass last year’s $500 million in energy deals by targeting even larger agreements…
Canada to impose 100% tariff on Chinese EVs, including Teslas
Canada has announced plans to impose a 100% tariff on imports of Chinese electric vehicles (EVs) and a 25% tariff…
UBS Wealth Management raises odds of U.S. recession to 25% from 20%
UBS Global Wealth Management has increased the likelihood of a U.S. recession to 25% from 20%, pointing to a…
Oil blocks: FG threatens to revoke licenses of firms lacking exploration capacity
The Federal Government of Nigeria has issued a stern warning to companies and individuals holding oil block…
Futures edge higher with payrolls revisions, Fed minutes on tap
U.S. stock index futures saw modest gains on Wednesday as investors awaited key economic updates, including…
NNPC distributes fuel to PH, Warri Depots, addresses scarcity
The Nigerian National Petroleum Company (NNPC) has delivered petrol to depots in Port Harcourt and Warri in an…
CBN posts highest remittance inflow of $553m in July
The Central Bank of Nigeria (CBN) announced a substantial increase in remittance inflows, reaching $553 million in…
European stocks dip lower as market uncertainty lingers; Sweden’s Riksbank cuts…
European stocks declined on Tuesday afternoon, with the Stoxx 600 index down 0.29% as market uncertainty over…
N847bn lost as equity market extends downtrend
The Nigerian equity market continued its decline for the second week, shedding N847.03 billion as the All-Share…
Delay In Crude Supply To Dangote Refinery Poses Risk To Nigeria’s Economy — EIU…
The Economist Intelligence Unit (EIU) has raised concerns that further delays in securing crude oil feedstock for…
Equity market extends loss to fourth consecutive day
The Nigerian equity market continued its downward trend on Thursday, marking the fourth consecutive session of…
FG Approves Implementation of Zero Duty, VAT Exemption on Selected Food Items
The Nigerian federal government has approved a regulation implementing a Zero percent Duty Rate and Value Added…
High inflation: 67% of MSMEs seen declining demands — PwC
A new PwC Nigeria report reveals that 67% of Micro, Small, and Medium Enterprises (MSMEs) have seen a drop in…
Equity market begins week with N404bn loss
The Nigerian equity market ended the first trading day of the week with a decline, as the All Share Index fell by…
Retail investors still buyers of US equities through rollercoaster markets –…
Despite a recent sharp drop in U.S. stock markets, retail investors continued buying shares, particularly in tech…
Wall St Week Ahead Rollercoaster week in US stocks leaves investors braced for…
U.S. stock markets have experienced significant volatility recently, spurred by alarming economic data and the…
Futures waver on anxiety ahead of jobs data
U.S. stock index futures showed mixed results on Thursday as investors awaited a key jobs report that could offer…
Petrol landing cost now N1,117/litre – Marketers
The Major Energies Marketers Association of Nigeria (MEMAN) revealed that as of July 16, 2024, the landing cost…
Nigeria Spends N1.47tr On Vehicle Importation
Mr. Oluwemimo Joseph Osanipin, Director-General of the National Automotive Design and Development Council (NADDC),…
Nasdaq futures rise as Nvidia stabilizes after AI stocks rout
Nasdaq futures saw an uptick on Tuesday as AI-related stocks, including Nvidia, rebounded from recent losses,…
Bank of Japan opens door for a hawkish double surprise
The Bank of Japan (BOJ) is signaling a potentially larger quantitative tightening (QT) plan in July, accompanied…
Dangote Oil Refinery Faces Delay in July Launch Due to Crude Shortage
Dangote Oil Refinery's much-anticipated entry into the petrol supply market in July might face delays due to a…
Japan warns against rapid FX moves, reiterates readiness for action
Japan is prepared to intervene against excessive market movements as the yen approaches 160 to the dollar, top…
Chinese automakers retain grip over Southeast Asia’s booming electric car…
Electric vehicle (EV) sales in Southeast Asia have more than doubled in the January to March quarter compared to…
NNPC, TotalEnergies Commit $550m To Boost Domestic Gas Market
In a significant move to enhance Nigeria's oil and gas production, NNPC and TotalEnergies have announced a $550…
Dangote refinery enters Asian market, ships first low-sulfur oil to Singapore
Nigeria’s Dangote Refinery is set to dispatch its first shipment of low-sulfur straight-run fuel oil (LSSR) to…
Shell to acquire Singaporean LNG firm Pavilion Energy from Temasek
Shell has announced its acquisition of Singaporean LNG company Pavilion Energy from Temasek, aiming to bolster its…
Nigeria’s FX reserves stablise at $33.16bn amid inflation surge
Nigeria's foreign exchange (FX) reserves have demonstrated remarkable stability, holding firm at $33.16 billion,…
Google Eyes HubSpot Acquisition to Challenge Microsoft in Cloud Software
Google's parent company, Alphabet, is reportedly considering acquiring HubSpot, a marketing software company…