An impending “super” El Niño is likely to inflict a combined $10 billion to $20 billion hit on affected African countries and trigger mass migration from...
The federal government has inaugurated an Inter-Ministerial Committee to develop the 2026 Value Added Tax (VAT) Modification Order to support the implementation of Nigeria’s tax reforms....
A $5.3-million cross-border fuel (gasoil) trade transaction has been successfully completed with support of the Africa Trade Gateway (ATG), African Export-Import Bank’s (Afreximbank’s) flagship digital trade...
Zenith Bank Plc has been named “Africa’s Best Bank” and “Nigeria’s Best Bank”, the latter for the second consecutive year, at the prestigious Euromoney Awards for...
With aid budgets shrinking and development finance under pressure, African governments and development banks are increasingly turning to debt guarantees to attract private capital into infrastructure...
Oil prices topped $100 on Thursday, their highest levels in nearly two months, after Yemen’s Houthis said they had attacked two Saudi oil tankers in the...
The European Union has fined Google €890 million ($1 billion) for breaching rules designed to promote competition in digital services. European commisioner in charge of tech...
The Nigerian equities market closed on a bullish note, with the benchmark All-Share Index (ASI) advancing by 0.98%, bringing its year-to-date (YTD) return to 59.26%. Despite...
Oil prices surged nearly 5% Wednesday, with Brent crude topping $95 a barrel, as escalating US-Iran tensions and growing threats to shipping raised fears that instability...
Nigeria Deposit Insurance Corporation (NDIC) has begun paying insured deposits to customers of the 46 recently failed microfinance banks. NDIC Managing Director and Chief Executive, Thompson...
The Nigerian equities market reversed into negative territory as the NGX All-Share Index (ASI) and market capitalisation declined by 0.50% to 245,418.37 points and N158.32trn, respectively....
The Debt Management Office (DMO) conducted its July 2026 FGN bond auction on 20 July 2026, offering a total of N1.2trn. The amount offered was unchanged...
Artificial intelligence could boost Sub-Saharan Africa’s economy by about 4% over the next decade with better electricity supply, internet access and digital skills, an International Monetary...
The Nigerian Maritime Administration and Safety Agency, NIMASA has reaffirmed its commitment to strengthening institutional collaboration with the Nigerian Safety Investigation Bureau (NSIB) to enhance maritime...
Nigeria’s central bank kept its monetary policy rate unchanged at 26.50% on Tuesday, saying a cautious approach was needed given renewed fighting between the U.S. and...