Business & Economy
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Oil Prices Rise After Hitting One-Month Low Amid Russia-Ukraine Peace Signals
Summary Oil prices edged higher on Wednesday after slipping to a one-month low in the previous session. Brent crude climbed 27 cents to $62.75 per barrel as of 0512 AM...
Read moreDetailsAI Reckoning Begins As The Industry Faces Tough Realities In 2026
Summary After three years defined by rapid expansion and skyrocketing valuations, the AI sector steps into 2026 with the initial excitement giving way to difficult questions about sustainability and direction....
Read moreDetailsCBN Holds Monetary Policy Rate At 27% As MPC Sustains Tightening Measures
Summary The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has kept the nation’s Monetary Policy Rate unchanged at 27 percent. CBN Governor Olayemi Cardoso revealed this during...
Read moreDetailsAuditor-General Uncovers ₦61bn in NNPC Financial Irregularities
Summary The Nigerian National Petroleum Company (NNPC) is facing unprecedented scrutiny following revelations that over ₦61 billion in public funds cannot be properly accounted for, according to a damning audit...
Read moreDetailsDangote Group Targets Sugar Self-Sufficiency with $700 Million Investment
SUMMARY Nigeria's largest conglomerate, Dangote Group, has unveiled an ambitious $700 million expansion plan designed to eliminate the West African nation's reliance on imported sugar, signaling a major shift in...
Read moreDetailsGlobal Currency Markets on Edge as Intervention Fears, Budget Battles, and Rate Decisions Converge
Currency Markets navigated choppy waters on Monday as the Japanese yen teetered on the brink of official intervention, while traders braced for critical policy announcements across multiple economies in a...
Read moreDetailsCBN Absorbs N2.87 Trillion from Markets as Government Borrowing Intensifies
The Central Bank of Nigeria (CBN) withdrew a net N2.87 trillion from the financial system in the first eleven months of 2025, reflecting escalating government financing needs and the apex...
Read moreDetailsCBN Set for Critical Rate Decision Amid Mixed Economic Signals
The Central Bank of Nigeria's (CBN) Monetary Policy Committee convenes this Monday and Tuesday for what promises to be one of the most closely watched policy meetings of the year,...
Read moreDetailsAfDB President Announces New Framework to Strengthen Regional Development Finance
In a significant move to reshape Africa's development finance architecture, the African Development Bank (AfDB) has announced plans to create a Pan-African Financial Coordination Platform aimed at strengthening collaboration among...
Read moreDetailsCBN Navigates N5 Trillion Debt Storm Amid Liquidity Crunch
The Central Bank of Nigeria (CBN) executed one of its most intensive debt repayment operations in recent memory, settling over N5 trillion in obligations during a turbulent eight-day period that...
Read moreDetailsCartoon of The Week!
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