Author: Ogooluwa Aremu
Oil prices eased in the global commodity market on Thursday as the U.S. and Iran completed second round of nuclear talks, with reports signaling significant progress has been made.
Tinubu Signs Electoral Act Amendment Bill 2026 into Law President Bola Tinubu on Wednesday signed into law the Electoral Act Amendment Bill 2026. The brief signing ceremony took place at the President’s office at the State House, Abuja with Principal officers of the National Assembly in attendance. The National Assembly had on Tuesday passed the Electoral Act 2026 (Amendment) Bill. The amendment comes amid intense public debate over the electronic transmission of election results in real time. The harmonised report of the bill, including the contentious Section 60(3), was passed by both chambers on Tuesday. President of the Senate, Sen.…
Takaichi Re-Elected as Japan’s 105th Prime Minister Sanae Takaichi, President of Japan’s ruling Liberal Democratic Party (LDP), was reelected as the country’s 105th prime minister on Wednesday following a parliamentary vote. At an extraordinary session of the National Diet convened earlier in the day, both the House of Representatives and the House of Councillors held votes to appoint the prime minister. In the powerful lower house, Takaichi secured 354 votes in the first round, defeating Junya Ogawa, head of the main opposition Centrist Reform Alliance (CRA), who garnered 50 votes, along with other candidates. In the upper house, no candidate…
Sri Lanka to Secure $50m in World Bank Financing for Digital Transformation Sri Lanka is to obtain Special Drawing Rights (SDR) financing equivalent to 50 million dollars from the World Bank Group to implement its Digital Transformation Project. The government’s Information Department announced on Wednesday. The initiative, part of the country’s Digital Economy Strategy 2025 to 2030, is aimed at improving the efficiency, accessibility, and transparency of public services through expanded use of digital platforms. Cabinet approval to seek financial assistance from international development partners for the project was granted in October 2025. Loan negotiations between relevant government agencies and…
Oando Plans Rights Issue at N50 Per Share Oando Plc has announced a plan to raise capital via a rights issue expected to be exercised by its existing shareholders, according to a regulatory filing. In an official disclosure, the indigenous energy company notified the shareholders that it has submitted an application to the Nigerian Exchange Limited for the approval and listing of a Rights Issue of 4,415,867,342 Oando said its ordinary shares of 50 Kobo each will be issued at N50.00 per share, based on one new ordinary share for every two existing ordinary shares held. The company’s share is…
Oil Prices Rise Amidst Geopolitical, Geoeconomic Concerns Oil prices climbed on Wednesday as markets struggled with geopolitical balance, reflecting sustained fluctuation between supply and demand outlook. U.S policy instability has stoked pressures on geoeconnomic stressing global economic projections. Brent crude traded at $67.09 per barrel, up 0.2% from the previous close of $66.93. US benchmark West Texas Intermediate (WTI) increased 0.2% to $62.32 per barrel, compared with $62.18 in the previous session. Markets focused on comments from US Vice President JD Vance, who said a second round of negotiations with Iran had been productive “in some ways,” but that Tehran…
GCR Ratings has affirmed African Export-Import Bank’s (Afreximbank) international scale long and short-term issuer ratings of A and A2, respectively.
Stock Market Cap Hits N1.22trn, Investors Gain N5.11Trn The Nigerian Exchange Ltd. (NGX) started the week on a positive note, with market capitalisation rising by N5.1 trillion, representing a 4.36 per cent gain on Monday. The performance was driven by increased interest in high capitalised equities such as ABC Transport, Beta Glass, Ikeja Hotel, Mc Nicholas, Oando, and 52 other equities. Specifically, the market capitalisation which increased to N122.129 trillion at the opening, closed at N117.027 trillion. Similarly, the All-Share Index (ASI) edged up by 7,953.36 points or 4.36 per cent, closing at 190,266.44, compared to 182,313.08 recorded on Friday.…
Nigerian Exchange (NGX) hit a historic high on Monday as equities investors gained N5.11 trillion due to improved bargain hunting
Ethereum (ETHUSD) dropped by 2.11% to $1,958.99 in 24h, underperforming a slightly weaker broader market, primarily driven by a major whale preparing to sell.