Venezuelan bonds are positioned for significant gains following the capture of Nicolás Maduro by the United States, sparking fresh hopes for a potential regime change. This comes as investors, who have long bet on a shift in Venezuela's leadership, are seeing returns on bonds valued at $60 billion. Recent months have seen a sharp rise …
The Nigerian Exchange Limited (NGX) has concluded its full-year 2025 market index review, with significant changes to its key stock market indices. The reshuffled indices took effect at the start of trading on Friday, January 2, 2025, according to the Exchange’s official statement. Notable additions to key indices include Guinness Nigeria Plc, Presco Plc, and …
In a recent decision that could have significant implications for global oil markets, OPEC+ has chosen to hold off on its planned increases to oil production through the first quarter of 2026. The move comes in response to a market surplus and ongoing uncertainty surrounding Venezuela’s oil production. At a brief meeting on Sunday, key …
Sudan hopes an upset win over Senegal in the Africa Cup of Nations on Saturday could prove a catalyst for a cessation of hostilities in their country, or even a longer peace, coach Kwesi Appiah said on Friday. Sudan’s team has reached the knockout stage of the competition for only the second time since they …
Two days after he was hurt in a deadly car crash outside Lagos, Nigeria, British boxing star Anthony Joshua was released from hospital on Wednesday and will continue recovering at home, Nigerian officials said. The two-time heavyweight champion and 2012 Olympic gold medallist had been kept for observation at Lagoon Hospital with minor injuries following …
Senate President Godswill Akpabio has ordered the withdrawal of all ongoing defamation lawsuits filed in his name, saying the decision followed personal reflection during a New Year Mass. Akpabio made the announcement on Thursday while speaking at Sacred Heart Parish in Uyo, Akwa Ibom State. He said he was deeply moved by the priest’s sermon, …
Nigeria’s economy is projected to expand by 4.49% in 2026, according to the Central Bank of Nigeria (CBN), building on positive momentum from reforms in 2025. This projection is contained in the CBN’s Microeconomic Outlook for Nigeria, 2026 released earlier today, with the theme "Consolidating Microeconomic Stability Amid Global Uncertainty". In his note in the …
The Central Bank of Nigeria (CBN) has unveiled significant updates to its cash management policies, effective January 1, 2026. These changes are part of the bank's ongoing efforts to improve cash handling, enhance security, and promote the wider adoption of electronic payment methods for greater convenience and safety. These revisions, aimed at streamlining cash operations …
Nigeria's decision to launch a targeted joint security operation with the United States is being interpreted in both financial and diplomatic circles as a powerful statement beyond military action. The operation, conducted on Christmas Day in Sokoto, underscores the nation’s broader strategy of aligning security with economic reform and global cooperation to stimulate growth and …
Zenith Bank has reported an impairment charge of ₦781.5 billion on its financial assets for the nine-month period ending September 2025, accounting for 39.3% of its projected pre-provision operating profit for the full year 2024. A large portion of this impairment—98.5%—relates to loan impairments, including significant write-offs, which have further weighed on the bank’s loan …
