Stanbic IBTC Insurance Launches Education Endowment Plan for Children

June 21, 2024. Azonuchechi Chukwu. Stanbic IBTC Insurance has launched its...

Nigeria gets AfDB’s $15 Million loan address Infrastructure Financing 

June 21, 2024. Azonuchechi Chukwu. The African Development Bank (AfDB) and...

South Africa Reshapes its Democracy, Shows Readiness for Economic Transformation

June 21, 2024. Azonuchechi Chukwu. By Professor Maurice Okoli South Africa's historic...

Naira Depreciates Further to N1,485.36/$1 at Official Market

June 21, 2024. Azonuchechi Chukwu. The Naira continued its fall against...

Foreign Policy

Today: Browse our editor's hand picked articles!

Tinubu to Attend Ramaphosa’s Inauguration in South Africa

Tinubu to Attend Ramaphosa’s Inauguration in South Africa President Bola...

US-Based Nigerian Oil and Gas Magnate Found Dead in Lagos Hotel Room

Robert Onyejekwe, a prominent Nigerian businessman based in Sugar...

Lawmaker Urges Tinubu to Secure Release of Nigerian professors in Cameroonian Jails

Former House of Representatives member Hon. Abdul Oroh has...

“Nigeria Congratulates South African President Ramaphosa on Re-election”

  President Bola Tinubu has extended warm congratulations to South...

“Nigeria’s Diaper Market Expected to Hit US$2.84 Million by 2029 Amid Surge in 8.1 Million Annual Births”

  Fouani Group Seizes Opportunity in Nigeria's Diaper Sector Amid Multinational Exits Consumer Preferences Shift: Affordable Mid-Priced Diapers Gain Traction in Nigeria Digital Engagement Soars:...

The BigRead

“Investing in Africa: Easy Entry, Hard Exit, Say Top Investment Managers”

Despite Africa's abundant natural resources, its presence in the...

“Impact Investing: Investors Perspectives on Africa’s Fastest Growing Companies Revealed”

Skeptical Investor Perspective: "Impact investing is nonsense. It's a distraction...

Central Bank: Autonomy, Independence, and the Nigerian Economy

1. Introduction A Central Bank can be defined as...

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Consumer + Price

The Nigerian Economy

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Markets + Investing
Markets & Investing

Stock market closes flat amidst price surge in 35 equities

June 21, 2024. Azonuchechi Chukwu. Transactions on the floor of the...

Nigeria’s debt stock hits N121trn – DMO

June 21, 2024. Azonuchechi Chukwu. The Debt Management Office (DMO) says...

Nigerian Stock Market Depreciates by 0.08%

June 20, 2024. Azonuchechi Chukwu. The first trading session of this...

SEC commends NASD, assures support for innovation

June 19, 2024. Azonuchechi Chukwu. Securities and Exchange Commission (SEC), has...

Stock Market Advances, All Share Index Grows by 0.71%

June 17, 2024. Azonuchechi Chukwu. The Nigerian stock market last week...

Monetary + Fiscal Policy

Naira Depreciates Further to N1,485.36/$1 at Official Market

June 21, 2024. Azonuchechi Chukwu. The Naira continued its fall against...

DMO Re-open 3 Bonds Worth N450bn

June 20, 2024. Azonuchechi Chukwu. The Debt Management Office (DMO), on...

Naira Depreciates to N1,483/$1 at NAFEM Window

June 20, 2024. Azonuchechi Chukwu. Nigerian Naira weakened marginally by 0.02...

Naira appreciates by 1,480/$ against dollar at black market

June 19, 2024. Azonuchechi Chukwu. The Naira appreciated marginally to N1480...

Commodities

Nigeria Partners IFC to Expand Cocoa Operations with $23.3 Million Investment

The International Finance Corporation (IFC) and Johnvents Industries Limited...

Commodity Prices Show Mixed Performance as of June 14, 2024

On Friday, June 14, 2024, global commodity markets exhibited...

Nigeria Gold Reserve Bill Passes Second Reading in Senate

Lagos — The Nigeria Gold Reserve Bill has successfully...

Commodity Market Report: Weekly Performance and Trends

  As of June 7, 2024, the commodity markets have...

Oil + Renewable

Nigeria Extends and Expands 2024 Oil Licensing Round Amid Investor Interest

Nigerian Upstream Regulatory Commission (NUPRC) has expanded and extended the offering for the 2024 oil licensing round. Gbenga Komolafe, head of NUPRC, announced the expansion,...

Nigeria and TotalEnergies Close to $550 Million Ubeta Deal, Sources Say

The Nigerian National Petroleum Company (NNPC) Limited and TotalEnergies...

Aradel Achieves First Oil Milestone at Omerelu Field in Rivers State

Aradel Holdings Plc has achieved a significant milestone with...

Nigeria’s Economy Suffers as Aiteo Shuts Down 150,000 bpd Field Due to Oil Leak

Nigeria’s oil production faces disruption following the shutdown of...

Companies + Finance
Companies & Markets

Femi Otedola Increases Stake in FBN Holdings with N12.01 Billion Share Purchase

Femi Otedola has expanded his investment in FBN Holdings by purchasing an additional 546,674,034 units of shares valued at N12.01 billion. According to information from...

African Industries and Bharti Bid $50-100 Million for Indian-Owned Aarti Steel’s Exit from Nigeria

African Industries and Bharti are bidding between $50 million...

Sterling Bank opens vault to N5bn SMEDAN Fund with Databanc

June 20, 2024. Azonuchechi Chukwu. Sterling Bank Plc and the Small...

First Bank Appoints Olusegun Alebiosu as Managing Director, Ini Ebong as DMD

June 20, 2024. Azonuchechi Chukwu. First Bank of Nigeria Limited has...

Sanlam Acquires Majority Stake in MultiChoice’s Insurance Business for 1.2 Billion Rand

JOHANNESBURG, June 18 (Reuters) - South African insurer Sanlam...

Heirs Holdings Inaugurates HH Group Directors’ Annual Summit

Photo: A cross-section of board members and executives across...

Ecobank Nigeria Strengthens Commitment to Boosting Adire Textile Exports Under AfCFTA

### Ecobank Nigeria has reaffirmed its dedication to...

Fidelity Bank ranked amongst top Banks in ESG rating

June 18, 2024. Azonuchechi Chukwu. A recent survey commissioned by the...

TotalEnergies Marketing shareholders approve N8.49bn dividend

June 18, 2024. Azonuchechi Chukwu. Shareholders of TotalEnergies Marketing Nigeria Plc...

Guinness Nigeria Plc Debunks Plans of Exiting Nigeria

June 17, 2024. Azonuchechi Chukwu. Guinness Nigeria Plc has debunked insinuations...

Business News

MIPAD Announces Onyeali-Ikpe Among Global Top 100 Trade Champions of African Descent Worldwide

13 June 2024– Lagos, Nigeria – In acknowledgment of...

We secured about $5.5 billion in bank loans to build Refinery – Aliko Dangote

June 13, 2024. Azonuchechi Chukwu. Africa’s richest person and founder of...

Afreximbank, APPO Sign Establishment Agreement of Africa Energy Bank

June 5, 2024. Azonuchechi Chukwu. African Export-Import Bank (Afreximbank) and Africa...

TotalEnergies distributes 600 helmets to cyclists

May 30, 2024. Azonuchechi Chukwu. TotalEnergies Marketing Nigeria Plc on Thursday...

Dangote Cement Trucks To Run On CNG by 2025

L-R: Chairman, Dangote Cement Plc, Aliko Dangote; Non-Executive Director,...

Executive + Insights

Green+ Environment

Politics + Govt

State of The Nation

Four dead, several injured in Abuja-Keffi highway accident

June 19, 2024. Azonuchechi Chukwu. At least four persons were killed,...

Two rescued as 3-storey building collapses inside Ebonyi Teaching Hospital

June 19, 2024. Azonuchechi Chukwu. A three-storey building under construction inside...

Ondo University Student Found Dead After Church Vigil

June 18, 2024. Azonuchechi Chukwu. Miss Modupe Ayandare, a student of...

Lagos Police Commence Probe into Death of Businessman Found in Ikoyi Hotel

The Lagos State Police Command has initiated an investigation...

Security +

Religion + Faith