Monday, August 31, 2026
World’s biggest wealth fund divesting out of petroleum, gas stocks to hedge against oil-price risk
Norway’s $1 trillion wealth fund amassed through pumping oil and gas over the past two decades wants out of petroleum...
Read moreDetailsOil climbs as Saudi Arabia expects OPEC to extend output curbs this month
Oil climbed, paring losses earlier this week, as Saudi Arabia moved to dispel doubts over Russia’s readiness to extend output...
Read moreDetailsNigeria’s aviation industry picking up on recent exit from recession, grows 0.1% year-on-year
The Nigeria aviation industry, which suffered from relatively low patronage due largely to softer demand in the wake of the...
Read moreDetailsSub-Saharan Africa accounts for 57% of world’s active mobile money accounts
57 percent of world’s active mobile money accounts are domiciled in Africa in 2016, according to analysts at Ecobank Research...
Read moreDetailsNigerian stocks rebound after a 2-day sell-off as index rose marginally by 0.05%
The Nigerian equities market clawed back gains after a 2-day sell-off as the all-share index (ASI) rose by a marginal...
Read moreDetailsEnergy commodities outlook upbeat as price index seen averaging 97.4 in 2018
Analysts’ views on energy commodities prices for 2018 are upbeat on expectations of higher prices for crude oils in the...
Read moreDetailsEconomic rebound in Nigeria, South Africa, gas investment, fintech innovation to drive growth in Africa in 2018 – Report
Economic rebound in sub-Saharan Africa heavyweights, Nigeria and South Africa, and ongoing growth in top performers, Ethiopia, Côte d’Ivoire and...
Read moreDetailsNigerian importers, exporters to pay N320bn annually as foreign shippers reintroduce congestion charges at ports
Nigerian importers and exporters may pay additional N320 billion annually as foreign shipping companies have re-introduced surcharge for congestion due...
Read moreDetailsOil trades near $55 as investors await clarity on OPEC action
Oil held near $55 a barrel as traders who were once certain OPEC and Russia would extend their output cuts...
Read moreDetailsNigerian stocks extend losses with 0.91% dip as MSCI deletes major caps from frontier market index
The Nigerian equities market extended losses at the close of trade Wednesday as the Morgan Stanley Capital International (MSCI) released...
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