CBN Caps Suspension of Payment Obligations for Troubled Banks at Two Business Days
The Central Bank of Nigeria (CBN) has introduced a major regulatory update that limits the…
IMF Flags Missing Public Spending in Nigeria’s Budget, Says 2% of GDP Went Unreported
The International Monetary Fund (IMF) has raised concerns over Nigeria’s fiscal reporting, revealing that public…
NGX Opens July with N2.39 Trillion Loss as Profit-Taking Hits Dangote Cement, Zenith Bank, Aradel
The Nigerian Exchange (NGX) began the month of July with a significant setback as investors…
Nigeria’s Consumer Credit Drops to N3.03 Trillion as Retail Loans Crash 42%
Nigeria’s consumer credit market suffered a major setback in February 2026, with total outstanding consumer…
Nigeria Leads Africa in IMD Economic Performance Ranking Despite Competitiveness Challenges
Nigeria has been ranked as the highest-performing economy in Africa on the economic performance pillar…
NGX Rebounds as Airtel Africa Drives N652.8bn Market Gain Amid Persistent Selling Pressure
Nigeria’s stock market ended June on a positive note as renewed investor interest in Airtel…
US Stock Futures Slip as Investors Pause After Dow’s Strongest First Half in Five Years
Wall Street looked set for a cautious start to July as U.S. stock futures slipped…
World Bank Approves $1.25bn Nigeria Loan Amid Growing Debt Concerns and Economic Reform Push
The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria…
Nigeria’s $1.5bn Abu Dhabi Drawdown to Cut Borrowing Costs, Says Oyedele
Nigeria’s decision to access only $1.5 billion from its $5 billion financing arrangement with First…
Cash Outside Banks Hits One-Year High of N5.19 Trillion, Accounts for 91.3% of Nigeria’s Currency in Circulation
Nigeria’s reliance on cash remains remarkably strong, as new data from the Central Bank of…
Dangote Targets 2.1 Million BPD Refining Capacity as Congo Energy Partnership Talks Gather Momentum
Africa’s industrialisation drive received a major boost as the Dangote Group unveiled plans to increase…
Elon Musk Reclaims Trillionaire Status as SpaceX and Tesla Shares Soar
Elon Musk has once again crossed the trillion-dollar wealth mark after a strong rally in…
Naira Ends June at N1,376/$ as Forex Market Weathers Volatility and Maintains Stability
The Nigerian naira closed June 2026 at N1,376 against the United States dollar in the…
Dangote Refinery Turns to UAE Crude as Nigeria’s Supply Crisis Deepens
Nigeria’s ongoing crude oil supply challenges have come under fresh scrutiny following Dangote Petroleum Refinery’s…
Trump Administration Lifts Export Restrictions on Anthropic’s Mythos and Fable AI Models
Anthropic is set to restore global access to its highly advanced Mythos and Fable artificial…
Nigeria Eyes Return to Global Debt Market with First Eurobond Sale Since November
Nigeria is taking significant steps toward re-entering the international debt market as the Debt Management…
Nigeria Tops African Peers in IMD Economic Performance Ranking Despite Competitiveness Challenges
Nigeria has emerged as the highest-performing African economy in the International Institute for Management Development…
World Bank to End China Lending by 2031 as Partnership Enters New Phase
The World Bank has announced plans to phase out lending to China by 2031, signaling…
Nigeria’s Economic Gains Face Tough Test as Inflation, Debt and Election Risks Cloud H2 2026 Outlook
Nigeria entered 2026 on a relatively strong footing, buoyed by a recovering naira, easing inflationary…
Nigeria Stock Market Records Historic N13.3 Trillion Loss in June as Investor Selloff Deepens
Nigeria’s stock market experienced its worst month on record in June 2026, with investors losing…
FTSE Russell Delays Nigeria Frontier Market Upgrade Over Concerns About New T+1 Settlement Cycle
Nigeria’s anticipated return to Frontier Market status has hit an unexpected hurdle after global index…
Arena Hits $100 Million Revenue Milestone as AI Evaluation Demand Surges
Arena, the widely used AI leaderboard platform that began as a research project at the…
WhatsApp Username Feature Set to Boost Privacy by Hiding Phone Numbers
WhatsApp is preparing to launch one of its most significant privacy updates yet, allowing users…
Fuel Pricing Reform Takes Center Stage as FG Moves to Protect Nigerians from Unfair Petrol Costs
The Federal Government has announced fresh efforts to address growing concerns over fuel pricing in…
AfCFTA Boosts Nigeria’s Intra-African Trade to $9.02bn as Regional Exports Surge 21%
Nigeria’s trade with other African countries recorded a significant leap in 2025, reaching $9.02 billion…
Nigeria’s Money Market Set for N500bn Liquidity Boost as OMO Bills Mature
Nigeria’s money market is expected to receive a significant boost this week as approximately N500…
Wall Street Ends First Half on a High as Dow Hits Record Close and Stock Futures Edge Higher
Wall Street is preparing to close out the first half of the year on a…
Ethiopia Secures Landmark $1 Billion Bond Restructuring Deal as Investor Confidence Rebounds
Ethiopia has taken a major step toward resolving its long-running debt crisis after reaching a…
Africa’s Digital Future at Stake as Leaders Urged to Take Charge in the AI Era
As artificial intelligence continues to transform industries and economies worldwide, African leaders are being challenged…
Nigeria’s Oil Windfall Has an Expiry Date as Experts Warn of Looming Revenue Risks
Nigeria’s recent surge in oil revenue may appear to signal a stronger economic outlook, but…