Nigerian Investors Experience N112 Billion Loss in Bearish Trading
Investors on the Nigerian Exchange Limited (NGX) faced sustained losses as the market saw a decline of N112…
Canadian Dollar Weakens Against USD Amidst Robust Greenback and Investor Caution
The Canadian dollar, known as the "loonie," has experienced a 0.5 percent decline against the US dollar, reaching…
Foreign Investors Decrease Control in Nigerian Stock Market Transactions in August
In August 2023, foreign investors traded 14.15 percent of the overall N262.56 billion in the Nigerian stock…
Nigerian Exchange Group (NGX) Records 25% Surge in Other Income Despite Marginal…
Despite a marginal decline in revenue during the first half of 2023, the Nigerian Exchange Group (NGX) experienced…
National Economic Council Confirms $3 Billion Emergency Loan for Crude Oil to…
The National Economic Council has affirmed that the $3 billion emergency loan-for-crude oil, secured by the…
Nigerian National Petroleum Company Seeks $3 Billion Loan from Afrexim Bank to…
The Nigerian National Petroleum Company Limited (NNPC) is in discussions with the African Export-Import Bank…
Top Five Nigerian Exporters Earn $22 Million in April and May
According to figures from the Central Bank of Nigeria (CBN), the top five non-oil exporters in Nigeria…
Access Holdings’ Net Foreign Exchange Gains Surge by 362% to N244 Billion in…
Access Holdings Plc has reported a remarkable increase in its net foreign exchange gains, which rose by 362% to…
New CBN Governor Olayemi Cardoso Aims to Address Naira Downturn
The foreign exchange (FX) market in Nigeria remained relatively calm on Thursday, with market participants eagerly…
Africa’s MSMEs Must Embrace Digital Transformation for Sustainable Growth
Professor Olajumoke Familoni, an expert in management and entrepreneurship, emphasized the need for African…
FX Scarcity Drives Surge in Local Raw Material Sourcing in Nigeria
The Manufacturers Association of Nigeria (MAN) reports a significant increase in the utilization of local raw…
Canadian Dollar Weakens Against US Dollar, Influenced by Robust USD Dominance
The Canadian dollar, also known as the "loonie," has experienced a 0.5 percent decline against the US dollar,…
Food Prices Surge by 31% in Ebonyi and Abia States Over 12-Month Period
According to the 'Selected Food Price Watch' report published monthly by the National Bureau of Statistics, food…
IMF Urges Nigeria to Halt Tax Waivers and Prioritize Domestic Revenue amid Debt…
The International Monetary Fund (IMF) has recommended that Nigeria and other Sub-Saharan African nations focus on…
Nigerian National Petroleum Company Spends N34.47 Billion on Pipeline Repairs in…
The Nigerian National Petroleum Company Limited (NNPCL) has allocated nearly N34.47 billion towards the repair and…
Oil Prices Surge to $95 per Barrel Amid Resurfacing Fuel Queues in Lagos
Oil prices experienced a notable increase of over $1 per barrel on Wednesday following the reappearance of fuel…
Equinor to Sell Stake in Nigerian Agbami Oil Field to Chappal Energy
Norway's Equinor ASA is in the process of selling its 20.2 percent stake in Nigeria's Agbami oil field to Chappal…
BUA Foods Achieves Remarkable 182.8% Growth in Cash and Cash Equivalents in H1…
BUA Foods, a fast-moving consumer goods company in Nigeria, has reported an impressive 182.8% increase in its cash…
JPMorgan Warns of Possible $150 per Barrel Brent Crude by 2026
JPMorgan's Head of EMEA Energy Equity Research, Christyan Malek, has cautioned that Brent crude prices could…
Amazon Invests Up to $4 Billion in AI Startup Anthropic to Fuel AI Advancements
Amazon is set to invest up to $4 billion in Anthropic, an AI startup aiming to develop a "frontier model" ten…
Analysis: Nigeria’s Top 5 Sectors and Their Contributions to H1 2023 Nominal…
In the first half of 2023, Nigeria's dominant sectors collectively contributed N75.22 trillion, marking a modest…
Bank of Ghana Set to Conclude Interest Rate Hikes Amid Falling Inflation
The Bank of Ghana is expected to conclude its series of interest rate hikes as Ghana's headline inflation rate…
Money Supply in Nigeria Sees Marginal Decline in August 2023
In August 2023, Nigeria's narrow money supply (M1), comprising cash in circulation and easily convertible deposit…
Nigerian Businesses Grapple with Foreign Supplier Rejections Amid Escalating…
Nigerian businesses dependent on imports face a severe setback as foreign suppliers reject letters of credit (LC)…
IMF Calls on Nigerian Finance Ministry and Central Bank to Champion Climate…
The International Monetary Fund (IMF) has emphasized the pivotal role of Nigeria's Ministry of Finance and Central…
NGX CEO Affirms Capital Market’s Potential in Achieving Government…
Temi Popoola, the CEO of Nigerian Exchange Limited (NGX), expressed confidence in President Tinubu's ongoing tax…
Nigeria Exchange Limited Greenlights Capital Hotels Plc Delisting for Strategic…
Summary: The Nigeria Exchange Limited (NGX) has granted approval for the delisting of Capital Hotels Plc's shares,…
Mali’s Elections Postponed Due to Technical Challenges and Dispute with…
Mali's military junta has decided to postpone the scheduled February elections, citing technical difficulties and…
Nigerian Senate Resumes with Key Agendas Including CBN Leadership Confirmation
The Nigerian Senate is set to resume sessions after a two-month summer recess. Among the key expectations are the…
EBRD Commits Up to €30 Million in Mediterrania Capital Partners’ MC IV Fund…
The European Bank for Reconstruction and Development (EBRD) is set to invest up to €30 million in Mediterrania…