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FG, FMBN Promise Affordable Housing Relief For Civil Servants Nationwide

Federal Workers To Get Support For Rent, House Renovation And Home Ownership ABUJA, NIGERIA The Federal Government and the Federal Mortgage Bank of Nigeria (FMBN) have signed a N10 billion agreement to help federal civil servants get better access to affordable housing across the country. The new housing package is expected to support workers with […]

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₦170 Billion Lost on Nigerian Stock Market Despite S&P Rating Upgrade

Lagos — Approximately ₦170 billion was wiped off the value of the Nigerian stock market following a selloff in mid-cap equities, rattling investors despite renewed optimism generated by Nigeria’s recent sovereign credit rating upgrade by S&P Global Ratings. The decline on the Nigerian Exchange Group came as investors engaged in profit-taking and repositioning amid continued

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Africa Forward Summit Demands Global Financial Reform

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Nairobi — African leaders, economists, and policymakers at the Africa Forward Summit in Nairobi have issued renewed calls for sweeping reforms to the global financial system, arguing that current lending and capital structures are obstructing Africa’s industrialisation and long-term development ambitions. The summit brought together delegates from 54 African countries alongside international financial stakeholders, with

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Asia-Pacific Markets Torn: Diplomatic Optimism Battles Iran War Anxiety

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Asia-Pacific Markets — Asia-Pacific markets closed mixed on Wednesday as investors reacted to stronger-than-expected U.S. inflation data, elevated oil prices, and uncertainty surrounding the fragile ceasefire linked to tensions involving Iran. Investor attention also remained fixed on the anticipated diplomatic engagement between U.S. President Donald Trump and Chinese President Xi Jinping, with markets watching closely

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Oil Remains Above $100 as Iran Ceasefire Keeps War Premium Intact

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Global Commodities — Oil prices remained elevated on Wednesday despite slight declines, as investors continued to monitor the fragile ceasefire involving Iran and lingering geopolitical risks across the Middle East. West Texas Intermediate crude fell 0.66 percent to about $101.50 per barrel, while Brent crude slipped 0.35 percent to approximately $107.40 per barrel. Market analysts

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U.S. Wholesale Inflation Hits Highest Level Since 2022, Raising Rate Hike Fears

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U.S. Economy — Inflation concerns intensified on Wednesday after new data showed U.S. wholesale prices rising at their fastest pace in years, reinforcing fears that price pressures may remain stubbornly elevated across the American economy. The U.S. Producer Price Index (PPI), which tracks wholesale inflation, rose 6.0 percent year-over-year in April, significantly above market expectations

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The Generator Republic: How Nigeria Chose Darkness and Called It Policy

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Africa’s most populous nation sits atop the world’s ninth-largest gas reserves, basks in some of the continent’s most generous solar radiation, and still cannot keep the lights on. This is not bad luck. It is a choice — one made repeatedly, deliberately, and profitably by those with the power to change it. Nigeria runs on

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Dollar Retreats as Hopes of Iran-U.S. De-Escalation Lift Oil-Exposed Currencies

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Global Markets — The U.S. dollar weakened on Thursday as growing hopes of a de-escalation in tensions between Iran and the United States boosted investor appetite for oil-linked and risk-sensitive currencies. Market sentiment improved following indications that the conflict may be moving toward a diplomatic phase, easing fears of further disruption to global energy markets.

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Gallium Becomes Strategic Flashpoint in Global Tech and Defence Supply Chains

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Global — Gallium, a little-known industrial metal essential to advanced electronics and defence systems, is rapidly emerging as a critical point of geopolitical tension, as supply constraints and export controls reshape global technology competition. The metal, used in semiconductors powering 5G networks, radar systems, and satellite communications, is overwhelmingly dominated by China, which accounts for

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Terra Industries Unveils Equipment For Military Use

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Abuja — Nigerian defence technology startup Terra Industries has unveiled a new suite of indigenous defence systems, including interceptor drones and mine-clearing unmanned ground vehicles (UGVs), in a move aimed at strengthening the country’s counter-insurgency capabilities. The systems, presented on Monday, are designed to support military operations in high-risk environments, particularly in the North-East, where

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