Browsing Tag
Finance
84 posts
Global oil prices drop as US-Iran hostilities pause sparks diplomatic optimism
Oil prices declined sharply as a temporary halt in US-Iran military exchanges raised hopes for diplomatic solutions and improved security in the Strait of Hormuz.
FIFA Unveils Record-Breaking Prize Purse for 2026 World Cup
FIFA distributed a record $871 million to the 48 teams competing in the 2026 World Cup, with champions Spain earning $51 million.
Understanding Nigeria’s Tax Reform: A Guide for Citizens and Businesses
An exploration of Nigeria's recent tax reforms, designed to help everyday citizens and business owners understand their obligations and the broader implications for the economy.
Dangote Refinery Secures $2.5 Billion via Private Equity Placement
Dangote Petroleum Refinery & Petrochemicals has completed a $2.5 billion private equity placement, which was oversubscribed by 3.7 times, marking a major milestone in its growth and African capital market development.
Alphabet and Tesla Stock Prices Decline Amid Market Concern Over AI Costs
Google parent Alphabet and Tesla saw share prices tumble after reporting negative free cash flow driven by massive investments in artificial intelligence infrastructure.
Senate Issues Warning: Agencies Face Sanctions for Ignoring Legislative Summons
The Senate has threatened to sanction government agencies that repeatedly ignore legislative summons, citing the need for greater financial accountability and oversight.
Central Bank of Nigeria falls behind on mandatory annual financial report disclosures
The Central Bank of Nigeria has not published audited financial statements since 2022, effectively ignoring statutory requirements under the CBN Act.
Zenith Bank Secures Africa’s Best Bank Title and Retains Nigerian Top Honors
Zenith Bank Plc has maintained its status as a top financial institution by winning Africa’s Best Bank and Nigeria’s Best Bank at the 2026 Euromoney Awards for Excellence.
Private sector lending reaches N83 trillion amid rising money supply
Central Bank of Nigeria data indicates private sector credit grew to N83.3 trillion in June 2026, while broad money supply increased to N133.2 trillion amid a decline in cash held outside the banking system.
Nigeria Foreign Exchange Reserves Reach $52.73 Billion, Says CBN Governor
Central Bank Governor Olayemi Cardoso announced that Nigeria's external reserves have grown to $52.73 billion, while also reporting success in the recent banking recapitalization exercise.