The United States attempted to seize a Russian-flagged tanker linked to Venezuela on Wednesday, escalating tensions in Latin America and straining relations with Moscow. The move is part of President Donald Trump's push to control oil flows in the region and pressure Venezuela’s government to cooperate with U.S. interests. The U.S. Coast Guard and military …
Samsung Electronics (005930.KS) announced on Wednesday that it will acquire 2.5 trillion won ($1.73 billion) of its own shares to fund employee and executive compensation. The purchases will be made on the stock market between January 8 and April 7, according to a regulatory filing. This buyback is part of a performance-linked compensation scheme that …
Caracas and Washington have reached a deal for Venezuela to export up to $2 billion worth of crude oil to the United States, U.S. President Donald Trump announced on Tuesday. The agreement aims to divert oil supplies from China while helping Venezuela avoid deeper production cuts. Trump said the deal signals Venezuela’s willingness to open …
Dangote Petroleum Refinery has debunked a report circulating in sections of the media claiming that the refinery is shutting down due to maintenance issues. In a statement released on Monday, the refinery management described the reports as “false and misleading” and accused fuel importers of deliberately sponsoring such fabrication because they felt their commercial interests …
Masazumi Wakatabe, former deputy governor of the Bank of Japan (BOJ) and a current member of a key government economic panel, has urged the central bank to anchor medium- and long-term inflation expectations around 2%. His remarks came during a panel meeting on December 25, the minutes of which were released on Tuesday. Wakatabe said …
Sales of new vehicles in the United States rose about 2% in 2025, defying a year marked by regulatory uncertainty, supply-chain disruptions, and shifting electric-vehicle incentives. Automakers sold 16.2 million cars and trucks last year, a 2.4% increase from 2024, according to research firm Omdia. Several companies reported strong December results. Toyota Motor posted an …
The Nigerian stock market extended its bullish run on Monday, pushing total market capitalisation above the ₦100 trillion threshold. Market value rose by ₦1.87 trillion to ₦101.52 trillion, buoyed largely by the additional listing of 2.575 billion shares of First Bank on the Nigerian Exchange Limited (NGX). The All-Share Index (ASI) advanced 1.74 per cent …
NCR Nigeria Plc emerged at the forefront of a broadly bullish Nigerian stock market in 2025, as investors enjoyed one of the strongest rallies in recent years. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) delivered a robust 51.19 per cent year-to-date return, reflecting sustained buying interest across sectors. By the close of trading on …
The Federal Government has declared Nigeria fully ready to trade under the preferential terms of the African Continental Free Trade Area (AfCFTA) Agreement. Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, said the country has met all key requirements under the agreement. She confirmed that Nigeria has gazetted the legal instruments covering trade in …
The Securities and Exchange Commission (SEC) has said it will intensify enforcement actions in 2026 following the enactment of the Investments and Securities Act (ISA) 2025 to strengthen investor protection and market integrity. The SEC Director-General, Emomotimi Agama, said in a statement on Sunday, while outlining the Commission’s regulatory priorities. He noted that the ISA …
