President Bola Tinubu has commended corporate Nigeria, market operators and investors for pushing the Nigerian Exchange (NGX) past the ₦100 trillion market capitalisation milestone. The President described the achievement as a source of inspiration for participants in the money and capital markets. He made the remarks in a statement issued on Thursday by his Special …
The Nigerian National Assembly has experienced a legislative discrepancy, as the Senate and the House of Representatives approved different crude oil price benchmarks for the 2026–2028 Medium Term Expenditure Framework (MTEF). While both chambers agree on many macroeconomic targets, the disagreement over oil prices, which is the major source of Nigeria's foreign exchange earnings, highlights …
Nigeria must move decisively from rhetoric to action if it hopes to tackle poverty, soaring debt, and weak economic growth. That was the stark warning issued by the Economic Advisory Council (EAC) of the Nigerian Economic Summit Group (NESG) during its third quarterly interactive session with journalists and stakeholders in Abuja. At the high-level meeting, …
Canada’s economy grew at a far faster pace than expected in the third quarter, expanding year-on-year by 2.6%, Statistics Canada reported Friday. The data provides a relief from fears of a recession after the economy contracted 1.8% in the previous quarter, and comes despite continued challenges from U.S. tariffs that have affected Canadian exports and …
This year’s Black Friday saw Americans spending more online than standing in line. Online purchases rose 5% over last year, as cautious consumers opted for laptops and phones rather than braving cold weather and long queues. While early online sales signaled growth, traditional in-store shopping felt subdued. At major retailers, only small crowds braved the …
Nigeria’s economy recorded its eleventh consecutive month of expansion in October 2025, according to the Central Bank of Nigeria (CBN) Purchasing Managers’ Index (PMI), which rose to 55.4 points from 54.0 points in September. The CBN report highlighted growth across the industry, services, and agriculture sectors. The industry sector PMI reached 54.2 points, with 9 …
The Consul-General of the Federal Republic of Germany in Lagos, Mr. Daniel Krulls, has announced plans to significantly accelerate visa processing for Nigerians, with a target of completing all visa categories within three weeks. Krulls made this known during a media briefing in Lagos, where he outlined his key priorities since assuming office. According to …
For the first time in history, the U.S. Labor Department will miss releasing its key employment report for a second consecutive month, as the ongoing government shutdown stretches into its second month, the longest ever recorded. The data blackout has left economists, investors, and policymakers struggling to gauge the true state of the American economy. …
Oil prices steadied on Monday as optimism over a possible trade deal framework between the United States and China helped counter persistent concerns about weak global crude demand. Brent crude futures slipped by 14 cents, or 0.2%, to $65.70 per barrel at 12:27 GMT, while U.S. West Texas Intermediate (WTI) crude dropped 9 cents to …
Global stock markets climbed on Monday, buoyed by renewed optimism over progress in U.S.–China trade talks, while gold and bonds fell as investors shifted toward riskier assets. Top economic officials from both countries reached a preliminary trade deal framework ahead of a meeting between Presidents Donald Trump and Xi Jinping in South Korea later this …
