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The Nigerian stock market experienced a decline of N782 billion due to profit-taking activities. This downturn was primarily influenced by sell-offs in GTCO and 36 other stocks.
Bismarck Rewane predicts a declining stock market as Africa faces a new Ebola outbreak. He highlights agriculture and other sectors as potential victims of the economic fallout.
Nigerian banks are maintaining strong capital positions, with the average capital adequacy ratio exceeding regulatory requirements. GTCO leads the sector with a 43.82% adequacy ratio, while First Holdco falls below the standard.
Oforka is positioning Loveworld Nation as a key player in Africa's trade landscape. The establishment comes as the African Continental Free Trade Area becomes operational across 54-member states.
The World Trade Organisation reports a 4.7% growth in global trade of goods and services for 2025. This growth indicates a positive trend in international commerce.
President Tinubu's reforms have led to a notable increase in Nigeria's revenue and a decrease in reliance on oil. This positive shift has also strengthened the country's foreign reserves.
A report indicates that Africa's per capita fish consumption is declining despite increases in fisheries and aquaculture production. This trend raises concerns about food security across the continent.
The UK has launched a £15 million initiative to boost investment in Kaduna State, highlighting its potential. Uba Sani's leadership is seen as a key factor in attracting these opportunities.
The World Bank has issued guarantees for Argentina's $2 billion commercial loan. This financial support aims to bolster Argentina's economic stability.
Residents of Awka are worried about the rising costs of cooking gas and are calling for government intervention. The CEO of a local gas retail outlet highlighted the unprecedented price instability this year.
Oil prices have fallen below $80 following a US-Iran agreement. Experts warn that normal operations in the oil industry will take time to restore.
The UK has imposed sanctions on a Nigerian company associated with Russia's financial network. This move is part of efforts to hinder Moscow's attempts to bypass international sanctions.
Security agencies and criminologists have traced the link between drugs and crime, especially violence. The finding is that most violent read more NDDC wages in oil region war against drug abuse, cultism
The Nigerian stock market experienced a significant decline, losing N782 billion due to widespread profit-taking. This downturn affected various sectors, including insurance, banking, and technology stocks.
A recent ranking by Jeune Afrique and The Africa Report highlights the top 10 best-performing countries in Africa for 2026. This recognition showcases the potential growth and development of these nations on the continent.
Nigeria's external reserves are nearing the Central Bank's target, indicating a positive trend. The IMF has recommended a gradual approach to dollar accumulation to stabilize the naira, which is currently undervalued by 26%.
The smartphone market in 2026 is more competitive than ever, with manufacturers racing to deliver faster processors, smarter artificial intelligence features, and better user experience. The post Top 10 fastest smartphones of 2026 appeared first on Vanguard News.
The Nigeria Customs Service (NCS), Apapa Area Command, has intercepted two 40-foot containers loaded with expired pharmaceutical products allegedly imported into the country for relabelling and circulation in the Nigerian market. The post Customs intercepts two 40ft containers of...
Oil prices have dropped below $80 a barrel, driven by positive sentiment from the US-Iran peace agreement. This development is expected to ease global inflation concerns.
The Federal Government is implementing regulatory reforms in tourism to enhance Nigeria's hospitality sector. This initiative aims to attract investment and stimulate economic growth.
The rescue operation was carried out on Tuesday by troops of the 8 Division of the Nigerian Army deployed in Gandi, following a swift response to reports of an attack by armed bandits on farmers working in the area. The post Troops foil bandits’ raid in Sokoto, rescue Seven abd...
An expert has underscored the importance of agricultural mechanisation for improving food production in Nigeria. This approach is seen as vital for enhancing the country's food security efforts.
Akure, the Ondo State capital, was on Tuesday thrown into pandemonium as persons suspected to be hoodlums, backed by bulldozers, read more Hoodlums destroy properties worth millions of naira in Akure
Speaking on the sidelines of the inaugural African Air Transport Conference in Lomé, Festus Keyamo said lower travel costs would make air transportation more accessible to millions of Africans. The post VIDEO: Nigeria’s Aircraft Leasing Company To Offer Tax Holidays — Keyamo...
The warning comes as Nigeria continues to rank among the world's largest crypto markets. The post IMF warns rising stablecoin use could weaken Naira demands appeared first on Premium Times Nigeria.
NALPGAM forecasts that cooking gas prices may decrease to between N900 and N1,100 per kilogram by late 2026. This potential drop hinges on the Federal Government's reforms to enhance supply and reduce costs.
Nigeria’s telecommunications regulator has begun rewriting one of the industry’s most important pricing frameworks as inflation, naira depreciation, 5G investments read more WhatsApp, inflation, 5G force NCC to rewrite Nigeria’s telecom 8-year-old pricing model
Space Exploration Technologies Corporation, operating as SpaceX, has closed in on Amazon as one of the world’s most valuable publicly read more SpaceX overtakes Amazon’s market cap after record IPO rally
Elon Musk’s SpaceX has expanded its ambitions beyond rockets and satellites with a $60 billion acquisition of Anysphere, the company read more SpaceX deepens AI entry with $60bn acquisition of Cursor Maker’s Anysphere
The long-standing, costly practice of domestic airlines exporting foreign currency to Europe and the United Kingdom for mandatory aircraft maintenance read more Boeing localises 737NG training in Lagos, easing airlines’ FX strain