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Nigeria’s Oil Exploration Activity Falls 41.7% as Rig Count Drops — OPEC
Nigeria experienced a significant slowdown in oil exploration activities in April 2026, following a sharp decline in the number of active drilling rigs, according to figures released by…
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SEC Confirms June 1 Launch for T+1 Settlement Cycle in Nigerian Capital Market
Nigeria’s capital market will officially transition to a T+1 settlement cycle from June 1, 2026, according to the Securities and Exchange Commission (SEC).
The new system means that…
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Nigeria’s Oil Exploration Drops 41.7% as Active Rig Count Declines — OPEC
Nigeria recorded a sharp decline in oil exploration activities in April 2026, with the number of active drilling rigs falling by 41.7 percent, according to new data released by the…
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Trump Says He Did Not Push Xi to Intervene in Iran Strait Dispute
U.S. President Donald Trump has revealed that he did not directly ask Chinese President Xi Jinping to pressure Iran over the ongoing tensions surrounding the Strait of Hormuz.…
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Nigeria’s Military Spending Is Falling — What That Means for Private Capital
How does a declining military budget affect one of Africa’s largest economic hubs, and what opportunities does this provide for private investors in the continent’s most populous…
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Nigeria’s Economy Poised for Stronger Growth – Finance Minister, Wale Edun
Nigeria’s economy is showing signs of renewed momentum as the impact of recent economic reforms begins to soften, with analysts projecting growth of around 4 percent in the first…
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The Mozambique Paradox: When Capital Flows Where Governance Doesn’t
Despite a score of 21/100 on the Corruption Perception Index, Mozambique landed a $20 billion LNG deal anyway — the largest private investment in Africa. What does this reveal about how…
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We Have Uncovered Fraud in Nigeria’s Oil and Gas Sector – EFCC
Nigeria's Economic and Financial Crimes Commission (EFCC) has disclosed that it has exposed extensive fraudulent activities within the country's oil and gas industry. This revelation…
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Ghana Launches Multi‑Agency Taskforce to Tackle Gold Smuggling
Ghana has taken a decisive step against the long-standing issue of gold smuggling by establishing a multi‑agency taskforce spearheaded by the new Ghana Gold Board (GoldBod).…
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South Africa and Austria Strengthen Bilateral Ties During State Visit
South Africa's President Cyril Ramaphosa hosted Austrian President Alexander van der Bellen at a State Visit in Pretoria, marking a renewed commitment to deepening cooperation between…
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