Emerging Markets

U.S. names Brandon Hudspeth as new consul general in Lagos

Brandon Hudspeth has been appointed the new U.S. Consul General in Lagos, returning to Nigeria where he previously served as the C…

Universal Insurance seals N7.1bn capital injection deal as fate hangs on NAICOM

Embattled Universal Insurance Plc has entered into a binding N7.128 billion private placement agreement with FPNG Co-Nvest Limited…

Who builds the bridge to Nigeria’s $13trn economy?

In a PwC report titled The World in 2050, Nigeria is projected to become one of the world’s 10 largest economies read more W…

Why stronger domestic revenue mobilisation remains Nigeria’s best path to fiscal space

Before now, Nigeria’s fiscal narrative has been trapped in a familiar paradox: an ambitious national budget laden with critical in…

Oil prices set for 4% weekly gain as Hormuz risks persist

Crude oil prices were on course for a weekly gain of about 4 percent as the United States and Iran read more Oil prices set for 4%…

Africa’s Pension Funds are sitting on a fortune. It’s time we invested it in the real economy

There is a peculiar irony at the heart of African development finance. Every year, governments and development partners scour the …

Nigerians are betting millions on the Osun State election — and the majority are backing Adeleke

Nigerians are betting millions on the Osun State election — and the majority are backing Adeleke The post Nigerians are betting mi…

Veritasi Homes & Properties Plc executes ₦50 Billion Non-Interest Commercial Paper Programme to accelerate real estate growth

Veritasi Homes & Properties Plc has formally executed its ₦50 billion Non-Interest Commercial Paper Programme, reinforcing it…

Dangote Sugar raises N485.9 billion as investors oversubscribe rights issue

Dangote Sugar Refinery Plc has successfully raised N485.9 billion through its Rights Issue after investors fully subscribed to the…

Nigeria meets its OPEC target, but its budget still has oil problem

It remains correct to assert that Nigeria has met and slightly exceeded its OPEC crude oil quota of 1.50 million bpd for three con…

Pound holds at N1,837 as Naira stability faces global currency pressure

The British Pound last traded at N1,837/£1 against the naira on the eve of the last trading session of the week. The post Pound ho…

NITDA seeks 15 MDAs coordination to implement Nigeria Startup Act

The National Information Technology Development Agency (NITDA) has called for coordination among 15 ministries, departments and ag…

Kwara Chamber unveils strategy to drive sustainable business growth

The Kwara Chamber of Commerce, Industry, Mines and Agriculture (KWACCIMA) has unveiled plans to strengthen its advocacy for polici…

Nigeria’s economic recovery is not reaching households, AERE tells Tinubu

The Alliance for Economic Research and Ethics (AERE) has urged President Bola Ahmed Tinubu and the Nigeria Revenue Service (NRS) t…

Key credit risk considerations: Geregu Power default

The recent default by Geregu Power Plc on its ₦40.09 billion Series 1 senior unsecured bond under its ₦100 billion read more Key c…

Dangote Refinery rules out overseas listing for at least three years

Dangote Petroleum Refinery will not pursue a foreign stock market listing for at least three years, with the company prioritising …

Legend Internet sees strong gross margin, expansion drive offer hope for recovery

The latest nine-month financial performance of Legend Internet Plc points to potential recovery prospects despite a decline in pro…

Keyamo orders airlines, unions to agree payment plans on 5% TSC

Festus Keyamo, the Minister of Aviation and Aerospace Development, has ordered aviation agencies and airlines to work out repaymen…

Bonny Chamber launches ‘Orange Economy’, moves to boost $16bn-sized Island economy

Bonny, the Headquarters of Bonny Local Government Area of Rivers State is up for ‘rediscovery’ as the Island Chamber launches read…

From Medicine to Nation-Building: How Dr. Obichi Obiajunwa is redefining Nigeria’s innovation landscape

The physician-turned-innovation strategist has just concluded Nigeria’s most structured oil and gas technology competition —…

ICPC uncovers N24 billion linked to ghost-workers

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has uncovered a massive ghost-worker and payroll ma…

FG reviews agricultural curricula to prioritise practical skills for Nigerian youths

The Federal Government has reviewed agricultural curricula for tertiary institutions to increase practical training and equip Nige…

Why Nigerians despise Tinubu’s economy

President Bola Ahmed Tinubu’s economic reforms have triggered widespread criticism among Nigerians, with concerns over the rising …

China announces ¥200 million grant to Nigeria for development projects

The Chinese government has announced a ¥200 million grant to Nigeria to support the implementation of development projects agreed …