Nigeria’s five Real Estate Investment Trusts (REITs) have a combined market capitalisation of about $230 million within Africa’s estimated $30 billion REIT market. This is […]
Category: Economy
DRC Ebola vaccine research gets $3.9 million as deaths surpass 3,500
Research into the spread of the Bundibugyo Ebola virus and the development of vaccines against the strain in the Democratic Republic of the Congo (DRC) […]
Hawkish US Fed tames Naira Bullish Outlook
The recent 25-basis-point rate increase and hawkish forward guidance issued by the U.S. Federal Reserve have exerted upward pressure on the US dollar, thereby limiting […]
CBN injects N3.8 trillion in two days, boosting system liquidity to N4.89 trillion
The Central Bank of Nigeria (CBN) repaid a combined N3.81 trillion into the banking system across September 15 and 16, 2026, boosting banking system liquidity […]
Tony Elumelu’s stake in Seplat added N311.5 billion in two weeks, now worth N1.79 trillion
The value of Tony O. Elumelu’s stake in Seplat Energy Plc has increased by approximately N311.5 billion in just over two weeks, following a sharp […]
GSMA warns rising smartphone costs could deepen Nigeria’s mobile internet gap
The Global System for Mobile Communications Association (GSMA) has warned that rising smartphone component costs could threaten digital inclusion as internet-enabled devices become less affordable […]
Seplat Energy shares hit record N14,907 as oil market disruption boosts energy stocks
Seplat Energy Plc shares have climbed to a new record level on the Nigerian Exchange Limited (NGX), rising 10% in the last 10 days to […]
King’s College row: FG rules out concession of other unity colleges
The Federal Government has clarified that the proposed management arrangement for King’s College, Lagos, will not be extended to other Federal Unity Colleges across the […]
Aradel, Seplat, Oando build N2.86 trillion cash war chest for post-acquisition growth
Aradel Holdings, Seplat Energy and Oando Plc built a combined N2.86 trillion cash war chest in the first half of 2026, providing substantial liquidity to […]
World Bank appoints Nobel laureate Michael Kremer as Chief Economist
The World Bank Group President, Ajay Banga, has announced the appointment of Nobel laureate Michael Kremer as the bank’s Chief Economist and Senior Vice President […]