Nigeria LNG Train-7 Boosts Gas Export Prosperity Amid Global Demand
As global demand for liquefied natural gas (LNG) continues to surge, Nigeria is positioning itself to take advantage of the…
Brent Crude Tumbles 5% as US-Iran Truce Sparks Hope for Global Oil Supply Recovery
Global oil markets opened the week on a positive note for consumers as Brent crude fell by more than 5%,…
China’s Crude Oil Imports Surge
China’s appetite for crude oil appears to be making a strong comeback, with fresh data indicating that the world’s largest…
Nvidia locks down memory supply from SK Hynix as part of $500 billion AI deal
Nvidia has taken another bold step in strengthening its dominance in artificial intelligence by securing a long-term partnership with South…
Nigeria FX Market Turnover Surges 83% to $4.38bn Amid CBN Liquidity Reforms
Nigeria’s official foreign exchange market witnessed a remarkable surge in trading activity as total turnover climbed by 83.38 percent to…
Making sense of the panic over Chinese AI
The release of Kimi, the latest artificial intelligence model developed by Chinese startup Moonshot AI, has once again ignited a…
Top 10 African Countries with the Highest Interest Rates in July 2026
African economies are navigating one of the toughest monetary policy environments in recent years, with central banks maintaining high interest…
Stock market turnover surged by 54% to N306bn in five days
The Nigerian stock market delivered another impressive performance last week as trading activity on the Nigerian Exchange Limited (NGX) jumped…
NGX stocks to buy in August 2026 amid oil, rate pressures
As August approaches, investors on the Nigerian Exchange (NGX) are keeping a close eye on opportunities that could outperform despite…
Dangote blames importers for petrol sales policy reversal
The Dangote Petroleum Refinery has revealed that its decision to resume the sale of Premium Motor Spirit (PMS), popularly known…
Elon Musk says AI could surpass all human intelligence within five years
Artificial intelligence could become smarter than the combined intelligence of humanity within the next five years, according to billionaire entrepreneur…
Dangote reveals why London is preferred over Dubai for cement listing
Dangote Cement Plc has revealed why it is pursuing a secondary listing on the London Stock Exchange instead of Dubai,…
FMDQ: Outstanding corporate bonds hit N2.30 trillion in June 2026
Nigeria’s corporate bond market maintained its strong momentum in June 2026, with the total outstanding value of corporate bonds on…
Report: 77% of Africa’s $23bn betting market unregulated
Africa’s online betting industry is booming, but a new report has revealed that most of the market operates outside government…
South Africa keeps interest rate at 7% amid rising inflation, rand weakness
South Africa’s central bank has left its benchmark interest rate unchanged at 7%, opting for caution as inflationary pressures, a…
Petrol Hits N1,400/Litre as Transport Fares Soar Across Nigeria Amid Global Oil Price Surge
Transport costs are climbing once again across several parts of Nigeria as the price of petrol rises to as high…
IMF Urges Nigeria, African Nations to Improve Data Transparency to Attract Global Investment
Nigeria and other African countries have been urged by the International Monetary Fund (IMF) to strengthen economic stability, improve data…
Oil Price Hits $100 as Middle East Conflict Escalates, Raising Fears of Global Energy Crisis
Oil prices have surged to $100 per barrel for the first time since May, driven by growing fears that the…
Tinubu Turns to World Bank Loans to Expand Social Programmes Amid Rising Poverty
President Bola Tinubu’s administration is increasingly relying on World Bank financing to drive its social investment agenda as it seeks…
Shettima advocates collaboration to shape AI, telecom policies
Vice President Kashim Shettima has called on African nations to unite in shaping the future of artificial intelligence (AI), telecommunications,…
Africa receives 6% of global cocoa supply value from chocolate market
Africa may be the backbone of the global cocoa industry, but it continues to receive only a small fraction of…
Oil block bidding: Inside Nigeria’s seven-hour transparency test
Nigeria’s push to restore confidence in its upstream oil sector took a major step forward as the Nigerian Upstream Petroleum…
AI Guardrails Slow Cybersecurity Research as Experts Warn of Unintended Consequences
Artificial intelligence safety measures designed to prevent cybercrime are increasingly creating obstacles for the very experts tasked with defending digital…
Dangote refinery secures record $2.5bn equity funding
Dangote Petroleum Refinery and Petrochemicals FZE has secured a record $2.5 billion in fresh equity funding, marking the largest publicly…
US Slaps 12.5% Tariff on Nigerian Imports Over Forced Labour Concerns
The United States has imposed a 12.5% tariff on Nigerian imports, placing Nigeria among 38 countries affected by Washington’s latest…
Nigeria’s Money Supply Rises to N133.25tn Despite CBN’s Tight Monetary Policy
Nigeria’s broad money supply increased to N133.25 trillion in June 2026, highlighting continued liquidity growth despite the Central Bank of…
Dangote Refinery Raises $2.5 Billion in Africa’s Largest Private Equity Placement
Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has achieved a major financial milestone after successfully raising approximately $2.5 billion through…
Oil Giants Return to Nigeria’s Deepwater Fields with Billion-Dollar Investments
Nigeria’s offshore oil industry is witnessing a major revival as international oil companies (IOCs) shift their attention from troubled onshore…
Crude oil nears $100 as renewed Middle East conflict rattles global markets
Global oil markets came under renewed pressure on Thursday as crude oil prices surged close to the $100-per-barrel mark following…
Alphabet Q2 Revenue Surges 24% as AI Fuels Google Cloud and Gemini Growth
Alphabet posted an impressive second-quarter performance, reporting a 24% year-on-year increase in revenue as its aggressive investment in artificial intelligence…