Business

$4.5bn deals signed in 2026 NOG Energy Week

The 25th Anniversary edition of NOG Energy Week 2026 closed with more than US$4.5 billion in deals signed, a statement by the organisers has stated. The statement said the deal is a record that firmly establishes the event’s role as the…

China’s CXMT shares rise 472% on Star Market debut, valuing DRAM maker at US$489 billion

Shares of ChangXin Memory Technologies (CXMT), China’s leading maker of dynamic random-access memory (DRAM) chips, rose 472 per cent on their Shanghai trading debut, giving the company a market capitalisation of 3.31 trillion yuan (US$489…

Microfinance Banks’ balance sheet hits N6trn in 5 Years

Nigeria’s microfinance banking industry has recorded significant growth over the past five years, with its total balance sheet rising from less than N300 billion to more than N6 trillion. The President of the National Association of…

Firm trains 1,000 solar professionals in six cities

Kartel Energy Limited, a leading solar solutions provider has trained more than 1,000 industry professionals across six cities. The training facilitated through its 2026 Technical Masterclass for the indigenous solar equipment manufacturer…

Insurers seek first third-party premium hike in four years as losses mount

AMCON recovers N165bn in first half of 2026

T he Asset Management Corporation of Nigeria (AMCON) has recorded a significant boost in its debt recovery efforts, recovering N165 billion in the first half of 2026. The corporation is also advancing plans to reposition NTEL as a…

China memory chipmaker CXMT skyrockets 470% in Shanghai debut

The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share.

China’s Industrial Profit Growth Slows to Weakest Pace This Year

China’s industry saw profit gains slow for a second month, adding to evidence of an uneven recovery for companies across parts of the world’s second-biggest economy.

West Asia War LIVE: Iran halts strikes as Trump gives space to talks

Oil prices fell on Asian markets early Monday (July 27, 2026) as investors breathed cautious sighs of relief at the pause in combat.

The Escalation Trap: America’s Diminishing Options in the Iran Standoff

“It is not the size of the dog in the fight, but the size of the fight in the dog.” — Mark Twain The Escalatory Escalator A s the shadow of conflict lengthens across the Middle East, the United States finds itself cornered into a strategic…

Fed faces growing pressure to hike rates as price risks rebound

Renewed tensions in the Middle East have sent oil prices soaring again, overshadowing a tamer-than-expected reading on June consumer prices.

CBDT issues guidance note on crypto reporting in line with OECD framework