Business & Economy - Page 2

The Nigerian equity market strengthened Month-on-Month in October 2026, driven by aggressive, selective buying interest in heavyweight stocks that pushed the benchmark NGX All-Share Index past the 250,000-point psychological threshold. ​The month concluded at the close of trading on Friday, October 30,

World-leading cryptocurrency exchange Binance announced Saturday that it has successfully set aside and deployed corporate treasury reserves to purchase and replenish 90 percent of the $6.3 billion in digital assets stolen in a massive security breach earlier this week. ​The heist, which

The Nigerian Naira opened on Friday, October 30, 2026, holding firm against the United States Dollar across both the official foreign exchange window and the parallel market, backed by sustained liquidity interventions from the Central Bank of Nigeria (CBN) and robust diaspora

Nigeria’s total export earnings jumped 23.7 percent year-on-year to $35.64 billion in the first half of 2026, up from $28.82 billion in the corresponding period of 2025, driven by a surge in petroleum product exports alongside sustained hydrocarbon revenues. ​ The figures

Sub-Saharan Africa has been projected to add 748 million urban residents between 2025 and 2050. This is according to a new World Bank Group report titled “Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation” released on Thursday. The report said

The Osun State Chamber of Commerce, Industry, Mines and Agriculture (OSUCCIMA) has charged business owners and corporate operators across the state to actively capitalize on government-sponsored economic incentives, targeted support programmes, and developmental policies rather than engaging in continuous public complaints. ​The

The International Monetary Fund (IMF) announced on Tuesday, October 27, 2026, that it has reached a staff-level agreement with Argentine authorities on the third review of the country’s Extended Fund Facility (EFF) program. The breakthrough paves the way for a disbursement of

The Managing Director of Jaiz Bank, Dr Haruna Musa says the bank’s financing portfolio is worth about N800 billion targeting trade. Musa said this at breakfast session at the ongoing Nigeria Economic Summit 32 (NES32) in Abuja on Tuesday. He said that

The Federal Government of Nigeria, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has officially declared an end to the era of oil companies holding petroleum assets without developing them. ​Under the strict enforcement of the “Drill-or-Drop” provisions embedded in the Petroleum