Business

Nigeria Eurobonds Rally as Yields Drop 6bps to 6.89% on Strong Demand

Nigeria Eurobonds Rally as Yields Drop 6bps to 6.89% on Strong Demand

Nigeria’s sovereign Eurobonds recorded a firm advance this week as renewed buying interest pushed prices higher across most maturities, driving…
Nigerian National Petroleum Company Limited Lifts Crude Production to 1.71mbpd as Gas, Refinery Projects Advance

Nigerian National Petroleum Company Limited Lifts Crude Production to 1.71mbpd as Gas, Refinery Projects Advance

Nigerian National Petroleum Company (NNPC) Limited has increased Nigeria’s crude oil output to 1.71 million barrels per day between April…
Oil Prices Rise Above $110 as Iran Conflict Disrupts Global Supply

Oil Prices Rise Above $110 as Iran Conflict Disrupts Global Supply

Crude oil prices climbed above $110 per barrel on Tuesday as the ongoing U.S.-Iran conflict continued to disrupt global energy…
United Capital Plc Grows Profit by 66% to ₦9.79 Billion in Q1 2026 as Fee Income Surges

United Capital Plc Grows Profit by 66% to ₦9.79 Billion in Q1 2026 as Fee Income Surges

United Capital Plc reported a strong first-quarter performance for the period ended March 31, 2026 with profit after tax rising…
Chemical and Allied Products Plc Grows Profit by 38% to ₦1.58 Billion in Q1 2026 as Revenue Rises 15%

Chemical and Allied Products Plc Grows Profit by 38% to ₦1.58 Billion in Q1 2026 as Revenue Rises 15%

Chemical and Allied Products Plc reported a strong first-quarter (Q1) performance for the period ended March 31, 2026, with profit…
Stock Market Declines ₦1.37 Trillion as Profit-Taking Hits Banking Stocks

Stock Market Declines ₦1.37 Trillion as Profit-Taking Hits Banking Stocks

The Nigerian stock market opened the week on a bearish note on Monday as the All-Share Index (ASI) declined by…
Asian Markets Diverge as Nikkei Hits Record High Amid Oil-Driven Uncertainty

Asian Markets Diverge as Nikkei Hits Record High Amid Oil-Driven Uncertainty

Asian equity markets opened the week on a mixed note as strong gains in Japan and South Korea contrasted with…
Gold Prices Stall as Rising Yields and Strong Dollar Limit Gains

Gold Prices Stall as Rising Yields and Strong Dollar Limit Gains

Gold prices traded sideways on Monday as rising U.S. Treasury yields and a stronger dollar offset support from ongoing geopolitical…
Dollar to Naira Black Market Exchange Rate Today, Monday, April 27th 2026

Dollar to Naira Black Market Exchange Rate Today, Monday, April 27th 2026

The Dollar to Naira black market exchange rate strengthened on Monday, April 27th 2026, as renewed demand for foreign currency…
Dollar Holds Near 98.5 Index Level as Fed Outlook Caps Momentum

Dollar Holds Near 98.5 Index Level as Fed Outlook Caps Momentum

The U.S. dollar traded near the 98.5 level on Monday, holding firm as investors balanced geopolitical risks with expectations that…
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