African State-Owned Oil Companies Report $27.95 Billion Earnings in 2023 Amid…
An analysis of financial reports from three major state-owned oil and gas companies in Africa has revealed…
War Risk Premiums Surge for Shipping in Russia’s Black Sea Ports Amid…
Insurance companies have informed ship charterers operating in Russia's Black Sea ports of a significant increase…
Shift in US Bond Yields Indicates Changing Market Dynamics Amid Economic…
The recent surge in U.S. bond yields has been accompanied by subdued inflation expectations, suggesting that…
Nigeria’s Excess Crude Account Stands at $473.8 Million; FAAC Highlights…
As of August 22, 2023, Nigeria's Excess Crude Account (ECA) holds a balance of $473,754.57. The Federation Account…
African Union Suspends Niger Republic Following Coup; Diplomacy Urged to Solve…
The African Union (AU) Commission has imposed sanctions by suspending Niger Republic from the organization due to…
Former Nigerian Petroleum Minister to Face Fresh Bribery Trial in the UK
Former Nigerian Petroleum Minister, Mrs. Diezani Alison-Madueke, is set to stand trial in the United Kingdom on a…
Nigeria’s New Minister of Power Outlines Priorities to Address Power Sector…
Nigeria's newly appointed Minister of Power, Chief Adebayo Adelabu, has taken office with a focus on addressing…
Federal Government Renews Leased Port Terminal Agreements Despite Operator Debts…
The Federal Government of Nigeria has reportedly renewed agreements with operators of leased port terminals,…
FAAC Shares N966.11 Billion Among Federal, State, and Local Governments in July…
In July, the Federation Account Allocation Committee (FAAC) distributed a total of N966.11 billion to the Federal,…
Over 20 Listed Nigerian Companies Penalized for Late Filing of 2022 Audited…
According to the X-Compliance Report, a transparency initiative by The Nigerian Exchange Limited (NGX), over 20…
Naira Depreciates on Parallel Market, CBN Directs Banks to Stop FCY Secured Naira…
The Nigerian naira experienced depreciation to N910 to a dollar on the parallel market, compared to N850 on the…
Nigerian Equities Market Reopens on Positive Note, Market Capitalization Rises by…
The Nigerian equities market started on a positive note as it reopened, with gains recorded in BuaFoods, Stanbic…
Moniepoint Receives Regulatory Approval for Acquisition of Kopo Kopo to Expand…
The Competition Authority of Kenya (CA) has granted regulatory approval to Moniepoint Inc. for its acquisition of…
Goldman Sachs Explores Sale of Wealth Management Unit as It Refocuses on…
Goldman Sachs is considering the sale of a portion of its wealth management business, signaling a shift in its…
Dollar Retreats from 10-Week Highs as Risk Appetite Recovers Amid Bond Yield Surge…
The U.S. dollar has eased from its recent 10-week highs as global risk appetite rebounded following a jump in U.S.…
European Business Lobby Urges China for Clarity on Economic Plans and National…
The European Chamber of Commerce in China, an influential business lobby, is calling on Beijing to provide a clear…
U.S. Stock Futures Rise on Nvidia Optimism and Easing Bond Yields”
U.S. stock index futures have shown positive movement as optimism regarding Nvidia's upcoming earnings report…
S&P Global Downgrades U.S. Regional Banks Due to Funding Costs and CRE Sector…
S&P Global has taken action to downgrade credit ratings and outlooks for several U.S. regional banks, citing…
Pilot Union Division: Advocates Push for Extended Retirement Age Amidst Concerns
The Air Line Pilots Association (ALPA), a long-standing pilot union, faces internal division as a faction of…
JP Morgan Challenges Nigeria’s FX Reserve Figures, Cautiously Optimistic on…
JP Morgan, a global financial services firm, has raised concerns over Nigeria's reported foreign exchange (FX)…
LCCI Urges Shift Towards Asset-Linked Debt, Calls for Economic Reforms
The Lagos Chamber of Commerce and Industry (LCCI) has put forth a recommendation for the Federal Government to…
New Minister of Finance and Economy Promises to Address Reforms Pain
Wale Edun, the recently appointed Minister of Finance and Coordinating Minister of the Economy, resumed his duties…
Nigerian Government Vows to Resuscitate Ajaokuta Steel Company
Nigeria's Minister of Steel Development, Shuaibu Audu, has emphasized the need to revive the Ajaokuta Steel…
Stakeholders Call for Urgent Revival of Nigeria’s Refineries to Ease Fuel…
Stakeholders in Nigeria have called on the federal government to take immediate action to reactivate the country's…
Arbitrary Increases in Petrol Prices Seen in Some Nigerian States – NBS
Several states in Nigeria are facing arbitrary increases in the pump price of petrol beyond the official…
Nigeria Could Make up to $17 Billion by Selling Stake in Oil and Gas Assets…
According to a report by JP Morgan, the Nigerian government could raise up to $17 billion if it sells down its…
China Cuts One-Year Lending Rate, But Surprises by Keeping Five-Year Rate…
China has taken steps to stimulate credit demand by reducing its one-year benchmark lending rate, lowering it by…
Oil Prices Rise on Tightening Supply Amid Global Demand Concerns
Oil prices increased on Monday due to tightening global supply resulting from lower exports by major oil-producing…
Kenyan Banks Oppose Government Plan to Raise Threshold for Reporting Large Cash…
Kenyan commercial banks have expressed opposition to a government plan to increase the threshold for reporting…
Founders Factory Africa Raises $114 Million to Scale Its Impact in African Tech…
Founders Factory Africa (FFA), a South African early-stage accelerator and investor, has secured $114 million in…