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…
Valu Closes EGP 922.3 Million Securitized Bond Issuance in Partnership with EFG…
Valu, a prominent financial technology company in the MENA region, has successfully completed its sixth…
Kasada Strengthens South African Hospitality Portfolio with Acquisition of Former…
Kasada, a real estate private equity platform focused on Africa's hospitality sector, has purchased the former…
Vumela Enterprise Development Fund Invests R18 Million in South African…
Rentoza, South Africa's first pure-play subscription model for digital goods and appliances, has secured an…
Metier Capital Growth Fund III Raises Over $182 Million in First Close
Metier has successfully completed the first close of its Metier Capital Growth Fund III, securing just over $182…
Nigeria to Host International Financial Inclusion Conference (#IFIC2023) to…
The Central Bank of Nigeria, in partnership with agencies within the National Financial Inclusion Governance…
Nigeria Faces Risk of Debt Overhang as Public Debt Surges
Nigeria's public debt has risen to N87.38 trillion in the second quarter of 2023, with additional debt from "Ways…
Nigeria’s Oil Rig Count Rises as Gains from the Petroleum Industry Act…
Nigeria has seen a notable increase in its oil rig count, rising from 17 in 2019 to 31 as of last month. The…
Key International Oil Companies Commit to Over $55 Billion Investments in…
Leading International Oil Companies (IOCs) are showing renewed interest in Nigeria's energy sector, with…
Nigerian Government Aims to Boost Fintech Funding through Improved Regulatory…
The Nigerian Ministry of Communications, Innovation, and Digital Economy plans to create a conducive regulatory…
Goldman Sachs Raises Brent Crude Forecast to $100, Poses Economic Challenges for…
Goldman Sachs has revised its 12-month ahead forecast for Brent Crude oil prices, projecting $100 per barrel, up…
Aliko Dangote Clarifies NNPC’s Support for Refinery Project, Pledges to…
Aliko Dangote, President of the Dangote Group, has addressed misconceptions regarding crude oil supply to his…
U.S. Federal Reserve Maintains Interest Rates, Cautious Amidst Rising Oil Prices
The U.S. Federal Reserve has opted to keep interest rates steady for September, signaling a potential shift in the…
Google Faces Lawsuit Over Alleged Failure to Update Maps Leading to Tragic…
The family of Philip Paxson, a US man who tragically lost his life after driving off a collapsed bridge, is filing…
Ivorian E-commerce Startup Anka Raises $5 Million in Pre-Series A Extension Round
Anka, an Ivorian e-commerce company that has a substantial presence in Nigeria and Kenya, has secured $5 million…
Amazon’s Alexa Upgraded with More Natural, Emotionally Responsive Voice
Amazon's voice assistant, Alexa, is set to receive a significant upgrade with a more natural-sounding voice and…