Nigeria’s Foreign Reserves Projected to Reach $41bn by Year-End Amid Naira Gains
Nigeria’s external reserves could reach $41 billion by the end of 2025, driven by the continued appreciation of…
OpenAI to Launch AI-Powered Web Browser, Targeting Google Chrome’s Dominance
OpenAI is preparing to launch a groundbreaking AI-powered web browser that will directly compete with Google…
European Investors Eye Earnings Season for Clues Amid Trade and Currency…
European investors are closely watching the second-quarter earnings season, which could reveal how well companies…
Nigerian Stocks Surge Midweek with N212bn Gain Amid Broad Market Optimism
The Nigerian equities market continued its bullish run midweek, with a significant gain of ₦212 billion in market…
IMF Boosts FIRS Support as Nigeria Implements Sweeping Tax Reforms
The International Monetary Fund (IMF) has strengthened its collaboration with Nigeria’s Federal Inland Revenue…
Nigeria’s Impending GDP Rebasing: A Bigger Economy, But for Whose Benefit?
The National Bureau of Statistics (NBS) is set to release Nigeria's long-overdue rebased Gross Domestic Product…
India Clears Final Hurdle for Musk’s Starlink to Launch Commercial Operations
Starlink, Elon Musk’s satellite internet venture under SpaceX, has finally received the green light to commence…
Nigerian Crude Hits $72 Amid Red Sea Tensions, Dangote Pushes for 100% Local…
Nigerian crude oil prices surged past $72 per barrel on Tuesday, spurred by renewed geopolitical tensions…
Investors Brace for First Earnings Season Under Trump Tariffs Amid Dollar Drop and…
U.S. companies are preparing to report second-quarter earnings as markets weigh the effects of President Donald…
Nigerian Insurance Firms Project N14.1bn Q2 Profit Decline Amid FX Losses
Four Nigerian insurance firms—AXA Mansard Insurance Plc, Consolidated Hallmark Holdings Plc, Linkage Assurance…
European Stocks Hold Steady as U.S. Tariffs Ignite Copper Rally
European stock markets opened slightly higher on Wednesday despite a major trade development from the United…
Stronger Reserves to Boost Cedi Stability and Disposable Incomes, Merban…
Ghana’s strengthened international reserves are expected to enhance currency stability and improve citizens’…
Dangote Refinery Cuts Petrol Price Again to N820 per Litre Amid Market…
Dangote Refinery has further reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol,…
Tinubu, Atiku’s Aides Clash Over State of Nigerian Economy
In a heated exchange over Nigeria's economic direction, senior presidential aide Bayo Onanuga and Atiku Abubakar’s…
NCC Introduces N10m Licence for Bulk SMS Providers to Tackle Fraud and Spam
The Nigerian Communications Commission (NCC) has announced a mandatory N10 million licence fee for companies…
Naira Slightly Weakens to ₦1,529/$ as Forex Demand Rises Amid Card Transaction…
The Nigerian naira experienced a marginal depreciation at the official foreign exchange market, closing at…
IMF Calls on Nigeria to Deepen Inclusive Growth and Enforce Fiscal Discipline Amid…
The International Monetary Fund (IMF) has advised Nigeria to prioritise inclusive economic growth, reinforce…
Naira Breaks Free from Oil Dependency as Currency Holds Steady Despite Price Slump
Nigeria’s naira is showing signs of resilience and stability, decoupling from its historical dependence on crude…
Despite 50% Tariff Hike, Nigeria’s Internet Usage Surges 30% in 2025
Despite a steep 50% increase in telecom tariffs earlier in 2025, Nigeria has seen a surprising 30.91% rise in…
Meta Superintelligence Labs Poaches Elite AI Talent in Silicon Valley Hiring Blitz
Meta Platforms has launched a high-stakes hiring spree to populate its newly formed Superintelligence Labs, aimed…
U.S. Treasury Yields Dip as Trump Ramps Up Tariff Tensions with 14 Nations
U.S. Treasury yields fell on Wednesday morning as investors closely watched the latest developments on trade…
Nigeria Eyes Record $16.08bn in Foreign Portfolio Inflows Amid High Interest Rates
Nigeria is on track to record its highest-ever foreign portfolio investment (FPI) inflows by the end of 2025, as…
Telecom Analyst Urges Unified RoW Charges, Local Equipment Production to Boost…
A telecom analyst, Osita Odafi, has called on the Federal Government to harmonise right-of-way (RoW) charges…
CBN Raises Inflation Alarm as Rising Input Costs Threaten Business Margins
The Central Bank of Nigeria (CBN) has raised concerns about a potential surge in inflation, citing rising input…
Dangote Refinery Targets 100% Nigerian Crude by Year-End in Energy Sector…
Dangote Industries Limited has announced plans to fully switch its massive 650,000 barrels-per-day refinery to use…
CBN Rolls Out Stricter Loan Reporting Rules to Boost Transparency in Banks
The Central Bank of Nigeria (CBN) has introduced new guidelines to enhance credit reporting standards among…
T-Bill Undersubscriptions Expected to Continue as Investors Seek Higher Yields –…
Investor interest in Treasury Bills (T-bills) continues to wane, with market analysts predicting further…
Nigeria and South Africa Boost Intra-African Trade to $220.3 Billion in 2024
Intra-African trade rose significantly by 12.4% in 2024 to reach $220.3 billion, up from $196.04 billion in 2023,…
Boosting Agricultural Investment Key to Fighting Nigeria’s Inflation – Economist…
Dumebi Oluwole, a prominent Nigerian economist and Team Lead of the Country Risk Team at Stears, has emphasized…
European Markets Climb as Investors Await U.S. Trade Moves; Mergers and Energy…
European stocks ended Monday’s trading session mostly higher as investors looked ahead to potential U.S. trade…