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Fitch Ratings has issued a warning regarding Nigeria's proposed $5 billion currency swap, citing potential debt-management and liquidity risks. The warning raises concerns about the implications of this financial move for the country's economy.
Africa's energy sector is witnessing the rise of ambitious entrepreneurs and influential financial institutions. These emerging players are set to significantly impact the continent's economic future.
One person was injured after an IED exploded under a vehicle in a Lagos market. Police assure residents of safety and investigate the Lagos IED explosion.
Buying a car in Nigeria today comes with a lot of considerations, especially as the new car market is increasingly read more Buying a used car? Key checks every buyer should make
Nigeria's new IP securitisation framework aims to significantly boost funding for the creative industries. This initiative is expected to unlock billions, enhancing the growth of the digital economy.
According to him, the police received information about an explosion and immediately deployed Explosive Ordnance Disposal (EOD) operatives to cordon off and secure the area. The post Bomb blast rocks Lagos material market, police assure residents of safety appeared first on Vangu...
Depot prices of Premium Motor Spirit (PMS), commonly known as petrol, eased across several terminals in Lagos on Monday as petroleum marketers adjusted prices amid shifting supply dynamics in Nigeria’s downstream oil market. The post Petrol depot prices slide in Lagos as Dangot...
A powerful combination of local confidence and returning international capital has sent the Nigerian equities market into hyperdrive. In a read more Stock deals skyrocket 131% to N7.89trn as domestic, foreign appetite explodes
Canada's inflation has hit a 29-month high, largely due to rising gasoline prices linked to the Iran conflict. Experts suggest this may represent the peak of inflationary pressures for the country.
The IMF has expressed concerns about the decrease in aid to Sub-Saharan Africa. It emphasizes the need for countries in the region to enhance their economic and institutional capabilities.
Rising cooking gas prices are reshaping household energy use across Nigeria, as families adjust cooking patterns and budgets to cope read more LPG price hike changes how households cook
Mergers and acquisitions are emerging as a key growth strategy for African fintech companies seeking to expand market share, deepen read more Fintech M&A gains momentum as industry experts call for stronger regulatory, legal due diligence
Nigerians are increasingly smuggling cars from neighboring countries due to high vehicle clearing costs and port delays. Stakeholders in the automobile and maritime sectors highlight these issues as significant factors driving this trend.
Pathway Advisors Limited, the lead issuing house and financial Advisors said that Dimension Data SPV Funding Plc Series 1 Corporate read more Dimension Data SPV Funding opens subscription for N5bn series 1 bond offer
The US Treasury has temporarily lifted sanctions on Iranian oil exports until August 21, 2026. This decision is based on Tehran's commitment to open transit and IAEA inspections.
The House of Reps Committee on Petroleum Resources (Midstream) pledges tougher oversight to boost energy security and accountability in Nigeria’s midstream
SpaceX, Elon Musk’s pioneering space and technology giant, has taken a bold step into the debt markets. On Monday, the read more SpaceX launches historic first bond sale to power AI expansion after record $75bn IPO
Traders are underestimating event risks, which could lead to significant financial losses. It is crucial for them to prepare for sudden market volatility to mitigate these risks.
In a market where consumers routinely buy perfumes they have never smelled, recognition – not trust – is becoming the read more Why Nigeria’s new fragrance brands live or die by word of mouth
African Export-Import Bank (Afreximbank) has signed a US$500 million term loan facility with the Central Bank of Tunisia on behalf read more Afreximbank signs $500m term loan facility with Tunisia Central Bank for strategic goals
Revenue for the period under review grew by 20.4 per cent to ₦699.4 billion, driven by crude oil exports and the sale of refined products. The post Aradel’s annual profit surges 192% as ND Western, Renaissance Africa’s acquisitions lift earnings appeared first on Premiu...
Oil prices fell Monday on optimism over talks by the US and Iran after mediators flagged a "roadmap" to a final agreement, while major stock markets traded mixed. The post Oil falls on US-Iran progress; pound holds up as Starmer resigns appeared first on Vanguard News.
The Director-General of BTO4PBAT27, Ogbeni Adojutelegan Adesuyi Gideon, believes President Bola Tinubu is well-suited to drive Nigeria's economic growth. He praised the Coastal Highway Project and reforms by Tunji-Ojo as key to this development.
If you have N10 million today, how would you invest it? This common question has an honest answer: it depends—not read more How to craft your investment strategy
In the past, I had written about our rather obsessive preoccupation with ‘the true value of the Naira’. Every talking head on our favorite TV channels waxed lyrical about this true value, with many foisting what was their sheer opinions as the pure gospel, akin to the tablets...
The article critiques the issues of self-aggrandizement and conspicuous consumption in Nigeria's political and business landscape. It raises questions about the moral implications of status competition and its impact on the economy.
Crude oil prices have decreased due to positive developments in US-Iran negotiations, which suggest a potential agreement. This has alleviated some global economic concerns.
The UK pound is nearing its annual low due to ongoing political instability, particularly following a recent Labour victory. This turmoil includes discussions about Prime Minister Sir Keir Starmer's potential resignation amid party challenges.
Nigerians are increasingly opting for basic feature phones instead of smartphones due to high mobile data and airtime costs. This trend reflects a shift in consumer priorities amidst economic challenges.
The World Bank reports that Mission 300 has successfully provided electricity to 50 million people across Africa. This initiative marks a significant step towards improving energy access in the region.