Wednesday, April 22, 2026
Nigeria likely out of recession in Q2 but needs business confidence via single FX policy for growth sustainability – Poll
Nigeria and South Africa, Africa’s two biggest economies, have been projected to likely emerge from recession in the second quarter...
Read moreDetailsTexas refineries begin restart after hit from Hurricane Harvey as market awaits IEA release oil data
Reports say a number of key Texas refineries are working to reopen or resume normal operations a week after Hurricane...
Read moreDetailsGlobal market indices rise on big acquisition announcements, landmark new drug approval
Major global market indices rose at the close of business Friday helped by big acquisition announcements and a landmark new...
Read moreDetailsApple’s new iPhone seen to lead to $180 billion in smartphone sales despite lagging behind Android
Though Apple Inc.’s iPhones may lag Android devices in terms of market share, Apple is expected to bring in $180...
Read moreDetailsNigeria targets a $15 per barrel oil production, to stop gas flaring by 2020
Nigeria, Africa’s largest oil producer, says it plans to reduce business cost by setting a target of $15 per barrel...
Read moreDetailsU.S. businesses canvass free-floating naira for more investment in Nigeria
United States businesses and companies would prefer a free-floating naira for them to invest and do more business in Nigeria,...
Read moreDetailsNigeria’s manufacturing index expansion slows in August as economy comes out of recession
The manufacturing purchasing managers’ index (PMI), an indicator of the economic health of the manufacturing sector, declined marginally to 53.6...
Read moreDetailsNigeria’s inflation to decelerate further on stable exchange rate, tight liquidity
Financial analysts say Nigeria inflation may decelerate further in August albeit marginally to 16 percent, citing stable exchange rate and...
Read moreDetailsInvestors’ move for profit in banking bellwethers, NB, sustains bearish sentiment in Nigeria equities market
Nigeria equities market maintained its negative trend Thursday as the bourse’s benchmark index shed 35 basis points to close at...
Read moreDetailsNigeria naira trades N362/$ as CBN injects $547m in one week
Nigeria’s central bank Thursday raised the total intervention for the week to $547 million as against $195 million offered the...
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