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News
Global goods trade surges to $13.7 trillion as AI, EV demand fuels growth
53+ min ago (412+ words) Global goods trade rose to about US$13.7 trillion in the first half of 2026, representing a 12.5% increase compared with the same period in 2025. This is according to the recent United Nations Conference on Trade and Development‘s (UNCTAD) report titled “Global…...
Five best-performing insurance stocks in 2026 amid recapitalization
4+ hour, 42+ min ago (1107+ words) As of the close of trading on August 14, 2026, all five had recorded double-digit year-to-date gains, with Fortis Global Insurance leading the pack with a 1,215% YtD return. However, the broader insurance sector has remained weak. Of the 22 insurance stocks tracked, only…...
Nigeria's largest external debt exposures and how much we owe
6+ hour, 14+ min ago (1182+ words) Nigeria’s external debt stock remains highly concentrated among multilateral lenders and international capital markets, with the World Bank and Eurobond investors accounting for more than 70% of the country’s total external debt stock as of March 31, 2026. Analysis of Nigeria’s External Debt…...
Nigerians ditch big retailers as neighbourhood stores win daily spending – Report
18+ hour, 22+ min ago (407+ words) This is according to Knight Frank’s Africa Report 2026/27, which examines trends across Africa’s real estate markets. The report, described as The Ultimate Guide to Africa’s Real Estate Markets, provides an overview of developments across key property sectors, including Nigeria’s office,…...
BRICS weighs linking instant payments, digital currencies across member states
20+ hour, 1+ min ago (390+ words) The BRICS countries are in discussions about integrating their national instant payment systems and central bank digital currencies as a way to reduce the cost and improve the efficiency of cross-border transactions among the group’s member nations. Reserve Bank of…...
AI cyberattacks surge 56%, cost businesses $6.04 million per breach — IBM
21+ hour, 30+ min ago (332+ words) AI-driven cyberattacks increased by 56% in the past year, with more than 25% of organisations that experienced a malicious attack reporting that the incident was driven by artificial intelligence. This is according to IBM’s 2026 Cost of a Data Breach Report, which found…...
BREAKING: SEC orders Nigerian capital market firms to cut North Korea, Iran ties
1+ day, 1+ min ago (470+ words) The Securities and Exchange Commission (SEC) has ordered all capital market regulated entities in Nigeria to terminate correspondent banking relationships and restrict business dealings involving North Korea and Iran, as part of sweeping anti-money laundering and counter-terrorism financing measures that…...
Nigeria’s exports to China surge 80% to $2.3 billion in H1 2026
1+ day, 1+ hour ago (430+ words) Nigeria’s exports to China surged by 80% to $2.3 billion in the first half of 2026, driven by China’s expanded zero-tariff policy for African countries and rising demand for Nigerian commodities. The increase was disclosed by the Chinese Ambassador to Nigeria, Yu Dunhai,…...
Bonny Light nears $95 as Strait of Hormuz tensions keep oil markets on edge
1+ day, 5+ hour ago (331+ words) The popular Nigerian crude contract, Bonny Light, approached the $95 per barrel mark amidst heightened market uncertainty driven by persistent geopolitical tensions, particularly in the Middle East and crucial global trade chokepoints such as the Strait of Hormuz. Brent crude prices…...
Top 10 Nigerian cities powering the startup boom in 2026
1+ day, 4+ hour ago (1334+ words) Nigeria climbed four places to 62nd globally in StartupBlink’s Global Startup Ecosystem Index 2026, marking its highest ranking since 2022. The country had slipped from 64th to 66th over the previous two years before recovering in 2026. The recovery came alongside 31.8% ecosystem growth, comfortably ahead of…...