- XRP Tanks, Price Drops by 6% to $1.22 as Buyers Turn to Sellers
- FCTA Eyes $1.5bn Green Inv. to Overhaul Transport, Energy Sectors
- Developing Countries’ External Debt Hits Record $9.4trn in 2025 – World Bank
- Nigeria Federal Court Voids Atiku Abubakar Presidential Candidacy
- Dangote Cement Loses N2.514 Trillion, Returns to 7-Day Low
- Naira Depreciates as Interbank FX Turnover Moderates by 19%
- Equities Investors Lose N3.28trn as Dangote Cement Tanks
- Apapa Customs Generates N302bn in One Month – Mu’azu
Author: Ogooluwa Aremu
Ogooluwa Aremu is a business journalist at MarketForces Africa covering Nigeria's energy sector, macroeconomic policy, African continental affairs, cryptocurrency markets, and foreign exchange developments.His reporting spans Nigeria's oil and gas regulatory landscape, including coverage of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria International Energy Summit, and the downstream deregulation reforms reshaping Nigeria's petroleum sector. He also reports general market, Nigeria's fiscal reforms, World Bank and IMF engagements with Nigeria, and President Tinubu's economic policy initiatives.Ogooluwa covers Africa-wide developments through MarketForces Africa's Inside Africa desk, reporting on the African Union summits, continental economic policy, and cross-border developments affecting investment and trade across Sub-Saharan Africa.His cryptocurrency and forex market coverage tracks major digital assets, including Bitcoin, Ethereum, and Ripple, alongside. Nigeria's interbank FX market movements. He has covered major stories, including the African Union's 39th Ordinary Session in Addis Ababa, Nigeria's N6 trillion fuel import savings from deregulation, and the World Bank's assessment of Nigeria's economic reform programme. Ogooluwa Aremu is based in Lagos, Nigeria.
Fitch Ratings has revised the Outlook on France’s Long-Term Issuer Default Ratings (IDRs) to Negative from stable and affirmed the Long-Term IDRs at ‘A+’.
The African Development Bank Group (AfDB) and the Islamic Development Bank Group (IsDB) are strengthening cooperation on a $4 billion joint financing plan for development projects across 27 African member countries.
The African Export-Import Bank (Afreximbank) has supported Veenocks Limited’s porcelain tile manufacturing plant in Sagamu, Ogun State, Nigeria, through its Project Preparation Facility (PPF) and a US$81.9 million senior term loan.
Nigeria’s private sector output growth hits the highest seen since 2022, S&P Global said in its latest Purchasing Managers’ Index (PMI) report for Stanbic IBTC.
Apple reclaimed its position as the world’s most valuable publicly traded company on Friday, 30 October 2026
Oil prices surged modestly week on week as concerns about possible US military action against Iran and threats to Middle East supplies offset hopes for renewed talks.
The Nigerian Exchange (NGX) All Share Index (ASI) inched higher on Friday following a soft rally, while FirstHoldco accounted for about 50% of all shares traded in the local bourse.
TotalEnergies Divests 40% Interest in Nigeria’s OPL257 to SAPETRO French energy giant TotalEnergies has agreed to sell a 40% participating interest in offshore block OPL257 to South Atlantic Petroleum Limited (SAPETRO), the company announced today. Under the terms of the Farm-Out Agreement, TotalEnergies will retain a 50% operated interest in the block. Indigenous exploration and production company SAPETRO will hold 40%, while Conoil maintains its existing 10% stake. The deepwater OPL257 block is located approximately 150 kilometres off the Nigerian coast and lies adjacent to PPL261. In 2005, TotalEnergies and its partners—including SAPETRO—discovered the Egina South field, a resource structure…
Sterling Financial Holdings Company PLC has announced its unaudited results for the nine months ended 30 September 2026, reporting strong earnings growth, balance sheet expansion and a stronger equity base.
The United Kingdom (UK), the Federal Government of Nigeria, and participating state governments are seeking more private-sector