Business News

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

Business News, News, Stock Market / Leave a Comment

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 […]

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

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

Business News, News, Stock Market / Leave a Comment

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

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

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

Article, Business News / Leave a Comment

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

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

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

Business News, News / Leave a Comment

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.

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

Gallium Becomes Strategic Flashpoint in Global Tech and Defence Supply Chains

Business News / Leave a Comment

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

Gallium Becomes Strategic Flashpoint in Global Tech and Defence Supply Chains Read More »

Terra Industries Unveils Equipment For Military Use

Business News, News / Leave a Comment

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

Terra Industries Unveils Equipment For Military Use Read More »

Foreign capital rises, but outflows remain strong on Nigerian Exchange

Business News / Leave a Comment

Lagos, Nigeria Foreign investment activity on the Nigerian Exchange Limited (NGX) recorded a strong but mixed performance in the first quarter of 2026, as foreign inflows rose sharply while outflows also increased. Data from the NGX shows that foreign inflows jumped by 78 per cent to N393.68 billion in Q1 2026, compared to N221.62 billion

Foreign capital rises, but outflows remain strong on Nigerian Exchange Read More »

Exchange Rate Gap Widens as Dollar Demand Surges in Nigeria

Business News / Leave a Comment

Lagos The Nigerian Naira recorded a mild decline against the US Dollar in early trading on Thursday, April 23, 2026, across both the official and parallel foreign exchange markets. The movement comes as mid-week demand for the Dollar continues to shape market activity, with analysts closely monitoring stability in the days ahead. At the official

Exchange Rate Gap Widens as Dollar Demand Surges in Nigeria Read More »

IMF Not an Option for Nigeria Now, Says Finance Minister

Business News, News / Leave a Comment

Washington DC, United States Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the country will not be seeking loans from the International Monetary Fund (IMF) for now, despite growing concerns over rising debt levels. He made this known on Thursday during a ministerial press briefing at the ongoing IMF-World

IMF Not an Option for Nigeria Now, Says Finance Minister Read More »

Search
Scroll to Top