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Nigeria stops Cooking Gas Exports to Address Rising Domestic Prices
The Nigerian government has announced a suspension of the export of Liquefied Petroleum Gas (LPG) to prioritize…
Nigerian Airlines Turn to Dangote Refinery for Local Jet Fuel as Import Costs Soar
Nigerian airline operators have confirmed that, they are sourcing Jet A1 fuel from Dangote's refinery to curb the…
Finance ministry, Customs’ bureaucracy stalls zero food import take-off
The United States Chamber of Commerce has committed $320 million toward mortgage refinancing and SME financing in…
Three marketers to import 141m-litres petrol
Three major oil marketers are set to import about 141 million litres of Premium Motor Spirit (PMS) into Nigeria…
Dangote’s 1,200km gas pipeline abandonment was a business decision, not govt…
The Ministry of Petroleum Resources (Gas) has clarified that Dangote Group's decision to abandon a proposed…
FG set to exploit $7trillion global Halal market
On Wednesday, the Federal Government will unveil a strategy aimed at positioning Nigeria as a global leader in the…
Dangote refinery: Queues now a thing of the past, says Otedola
Billionaire businessman Femi Otedola has praised Nigerian President Bola Tinubu following the start of fuel…
Global Stock markets surge amid US, China inflation trends
Global stock markets saw declines this week due to inflation data from the U.S. and China, sparking hopes for a…
European markets start the week on a positive note
On August 28, 2024, European markets opened higher, with the pan-European Stoxx 600 index gaining 0.67% in early…
World stocks tiptoe, dollar holds as investors await US data
World stocks held steady on Tuesday while the dollar remained near a two-week high as investors awaited crucial…
Asian markets slip amid economic worries
Asian markets fell on Tuesday as investors anticipated the upcoming U.S. jobs report, which is expected to…
Petrol scarcity: No respite as marketers run out of stock amid slump in imports
Nigeria's petrol scarcity crisis has deepened, with fuel marketers struggling to replenish their dwindling stock…
Futures extend gains after inflation data
U.S. stock index futures continued their upward trend on Friday, bolstered by a key inflation report that showed…
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…