A report warns that Nigeria’s proposed 70% windfall tax conflicts with CBN’s recapitalisation plans, risking further banking sector pain.

Amidst worldwide worries, Asian stock markets dropped on Monday, with Japan’s Nikkei 225 and Topix indexes plunging more than 10%.

NACCIMA President Dele Oye says the non-payment of FX forwards by the CBN has severely crippled companies, causing bankruptcy.

The Organisation of the Petroleum Exporting Countries pumped 26.70 million bpd in July, up from 26.60 million bpd in June

Personal views by Otedola and Elumelu don’t represent banks’ collective position on windfall tax, Bank Directors Association of Nigeria Chairman, Chike-Obi says.

S&P has reported that according to tracking data, Dangote refinery will transform global crude flows when it reaches full capacity

The NGX showed mixed performance this week, with market capitalisation declining on Thursday but rebounding on Friday amid the unrest.

Apple’s iPhone sales have exceeded expectations, driven by strong demand for iPhone 15, with revenue growth forecast in Q4.

OPEC+ has reaffirmed its commitment to existing output cuts, with the option to adjust the phase-out based on market conditions.

AfDB has approved $500m loan to Nigeria for energy transition, economic governance and infrastructure upgrades, supporting universal access to modern energy.

Afrinvest report has revealed that Nigerian banks need N4.1 trillion to meet new capital requirements and achieve a $1 trillion economy.

EXCERPT: CFO Antlitz has vowed to make significant cost-cutting efforts to achieve goals beyond 2024 as Volkswagen’s Q2 operating profit declines. Volkswagen AG has cautioned that its cost-cutting measures will

EKEDC has experienced prepaid meter platform downtime with customers unable to recharge, as technical teams work frantically to resolve it.

“We want prosperity democratised,” said UBA’s Elumelu. “We’re confident of government’s support for economic growth,” said FCMB’s Balogun.

“The part of the country that produces oil is the most backward area in the country,”

Toyota has faced government order for “drastic reforms” amid new certification violations, affecting seven models, including RAV4 and Lexus LM vehicles.

Samsung’s Q2 operating profit has surged by 15-fold to $7.5 billion, driven by strong demand for memory chips.

China’s manufacturing PMI fell to 49.4 in July, indicating continued contraction due to weak demand and low prices.

The Bank of Japan has raised rates and halved bond purchases, signaling a shift from a decade of stimulus.

Aviation Minister Keyamo has ordered the grounding of Arik Air operations due to a recent court order for asset sales to offset debts