Equity Market Soars as Oil, Insurance Stocks Drive N1.18tn Rally
The Nigerian Exchange (NGX) witnessed a robust performance on Wednesday, marking a major rebound with the market…
Intel Bolsters Leadership with Key Engineering Hires Under CEO Tan’s Turnaround…
Intel has announced the hiring of three prominent executives from the chip industry as part of CEO Lip-Bu Tan’s…
CBN Introduces Targeted Measures for Select Banks Amid Sector Reform
The Central Bank of Nigeria (CBN) has issued new transitional guidelines targeted at a select number of banks as…
Corporate Stablecoin Adoption Set to Surge as U.S. Senate Approves Regulatory…
The U.S. Senate has passed a bill that could significantly shape the future of stablecoins, marking a major…
Yelwata: Killing of over 200 Christians in Benue shocking – Mexican Bishops
In the wake of a horrific massacre that claimed the lives of over 200 Christians in Yelwata, Guma Local Government…
USSD Now Costs ₦6.98 per 2 Minutes as Direct User Billing Begins Nationwide
Starting June 18, 2025, Nigerians using USSD codes for mobile banking and other digital transactions will now pay…
Tensions Escalate as Trump Mulls Iran Strike, Markets React Sharply
Hopes for a ceasefire between Israel and Iran took a blow after U.S. President Donald Trump made inflammatory…
Experts Highlight Urgent Need for AI Infrastructure at Lagos Tech Forum
Global infrastructure company Vertiv, in collaboration with Africa Hyperscalers and Turner & Townsend, is…
BoG Maintains Flexible Exchange Rate Policy, Rejects Fixed Band Approach, Governor…
The Governor of the Bank of Ghana, Dr. Johnson Asiama, has stated that the central bank is not targeting a fixed…
Naira Strengthens Below N1,600/$ as U.S. Dollar Falters Amid Global Uncertainty
The Nigerian naira continued its strong performance in the parallel market, breaking the N1,600/$ resistance level…
FG Targets N100 Billion in June Bond Auction to Fund 2025 Budget
The Federal Government of Nigeria, via the Debt Management Office (DMO), has announced plans to raise N100 billion…
Nigeria Takes Key Role in Global Push to Connect 2.6 Billion Offline People
Nigeria has reclaimed a leading position in global digital policy as Dr. Bosun Tijani, the Minister of…
CBN Sells N7.9 Trillion in Treasury Bills, Rejects N12.2 Trillion in Bids Amid…
In a move reflecting rising investor appetite for naira-denominated assets amid persistent inflation, the Central…
NGX Sheds N183bn as Blue-Chip Stocks Tumble Amid Bearish Sentiment
The Nigerian Exchange Limited (NGX) suffered a significant blow on Tuesday, losing N183 billion in market value as…
Telcos Hail New USSD Billing Rule as NCC, CBN Tackle Bank Payment Default
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has endorsed a new billing framework…
China Pushes Digital Yuan and Multi-Polar Currency System Amid Global Shift
China’s central bank has reaffirmed its commitment to promoting the digital yuan (e-CNY) internationally, with…
Markets Wobble as Mideast Tensions Rise and Fed Decision Looms
Global markets remained on edge Wednesday as escalating conflict between Israel and Iran entered its sixth day,…
Elon Musk’s xAI Nears $5 Billion Debt Raise Despite Tepid Investor Interest
Elon Musk’s artificial intelligence startup, xAI, is on course to secure $5 billion in fresh debt financing led by…
Caution Amid Optimism: Economist Warns Ghana Not Ready for Eurobond Market Despite…
Fitch Ratings recently upgraded Ghana’s credit rating to ‘B-’ with a stable outlook, a move that signals improved…
Nigeria Imports N1.2tn Worth of Crude Despite Being Africa’s Top Oil Producer
Nigeria, despite being Africa's largest oil producer, imported crude oil worth N1.19 trillion in the first quarter…
FCMB Reassures Shareholders of Dividends Amid CBN’s New Banking Restrictions
FCMB Group Plc has moved to allay shareholder concerns following a new directive from the Central Bank of Nigeria…
Nigeria Becomes Crude Oil Importer Despite Being Africa’s Top Producer
In a striking contradiction, Nigeria—Africa's leading oil producer—spent N1.19 trillion importing crude oil in the…
Wall Street Slips as Mideast Tensions and Fed Uncertainty Weigh on Markets
Wall Street futures declined on Tuesday amid growing investor caution as the Israel-Iran conflict entered its…
CBN Dividend Suspension Triggers Sharp Decline in Banking Stocks
The Nigerian banking sector faced a significant downturn following the Central Bank of Nigeria’s (CBN) recent…
Edun, Cardoso Strategize as Nigeria’s Inflation Drops to 22.97%
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with Central Bank Governor Yemi…
Stocks Slip, Oil Surges as Middle East Conflict and Global Policy Moves Rattle…
Tensions in the Middle East escalated sharply as fighting between Israel and Iran entered its fifth day, leading…
Fitch Upgrades Ghana’s Credit Rating to ‘B-‘ as Economic Reforms…
Fitch Ratings has upgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating from "Restricted Default" to…
German AI Defence Start-up Helsing Secures €600 Million in Major Investment Round
German defence technology start-up Helsing has successfully raised €600 million in its latest funding round,…
Cedi Gains Offer Little Relief Without Inflation Tamed, Says Blue Skies…
Anthony Pile, founder of leading fruit exporter Blue Skies Company Ltd., has raised concerns that Ghana’s recent…
CBN Dividend Ban Triggers Sharp Decline in Bank Stocks on NGX
Bank stocks on the Nigerian Exchange (NGX) suffered significant losses on Monday, June 16, 2025, after the Central…