Nigeria Reclaims Frontier Market Status as NGX Surges
Nigeria has officially regained its Frontier Market status from global index provider FTSE Russell, reflecting…
World Bank Downgrades Nigeria’s 2026 Economic Growth to 4.1% Amid Global…
The World Bank has revised Nigeria’s economic growth forecast for 2026 downward to 4.1 percent, reflecting…
Strategic Partnerships Urged Between Host Communities and Oil Companies to Boost…
Stakeholders in Nigeria’s oil sector are advocating for stronger strategic partnerships between host communities,…
Treasury Bills Boost Interest Income for Nigerian Banks by 43% in 2025
Zenith Bank, GTCO, and FirstHoldCo collectively earned N2.85 trillion from Treasury bills in 2025, reflecting a…
African Development Bank Launches $20 Million Green Hydrogen Funding to Boost…
The African Development Bank (AfDB) has announced a $20 million funding initiative aimed at accelerating green…
Dangote Cuts Petrol Prices to N1,200 After Global Crude Oil Drop
In a surprising reversal, the Dangote Petroleum Refinery & Petrochemicals has cut the ex-gantry price of…
World Bank Flags Fiscal Risks in Nigeria’s N4tn Power Sector Bond
The World Bank has raised concerns over Nigeria’s N4tn bond programme designed to settle long-standing debts owed…
ADB Posts GH¢367 Million Profit After Tax as Capital Adequacy Ratio Soars to…
Agricultural Development Bank (ADB) PLC has delivered a remarkable financial turnaround, posting a profit after tax…
Oil Prices Plunge 14% to $94 Amid US-Iran Ceasefire: Impact on Nigeria’s Bonny…
Nigeria’s Bonny Light crude has tumbled by 14.2%, falling to $94.41 per barrel from $110 per barrel, following the…
Nigeria’s Power Sector Contributes N62.12 Billion in Company Income Tax in 2025…
Nigeria’s power sector contributed N62.12 billion in Company Income Tax in 2025, according to the National Bureau…
Kenya Central Bank Holds Interest Rate at 8.75% Amid Iran Conflict Uncertainty
Kenya’s Central Bank has decided to maintain its benchmark interest rate at 8.75%, pausing nearly two years of…
Telecom Infrastructure Theft in Nigeria Surges as 656 Generators, Batteries Stolen…
Telecom infrastructure theft in Nigeria is rapidly escalating, creating serious concerns for network reliability…
Canva Expands AI and Marketing Automation with Simtheory and Ortto Acquisitions
Canva is accelerating its push into artificial intelligence and marketing technology with the acquisition of…
Petrol Price Drop Expected in Nigeria as Global Oil Prices Crash 15%
Nigerian motorists may finally get some relief at the pumps as global crude oil prices recorded a sharp decline,…
FTSE Frontier Market Upgrade Sparks Rally in Seplat, GTCO, Zenith on NGX
Nigeria’s stock market is experiencing a strong resurgence as renewed global investor confidence drives a rally in…
Africa Prudential Revenue Surges 38% to N7.19bn Amid Digital Transformation Drive
Africa Prudential Plc has posted a remarkable 38.35% growth in revenue for the financial year ending December 31,…
April 2026 FGN Savings Bonds Announced with Interest Rates up to 14.08% for Retail…
The Debt Management Office (DMO), acting on behalf of the Federal Government of Nigeria, has announced the April…
Nigerian Stock Market Gains N209bn as Trading Week Kicks Off
The Nigerian equities market started the new trading week on a strong note, recording a gain of N209 billion in…
FG Raises N3.53 Trillion From Bond Auctions in Q1 2026 Amid Strong Investor Demand
The Federal Government of Nigeria (FGN) successfully raised approximately N3.53 trillion from domestic bond…
Oil Shock to Drive Nigeria Inflation Up by 3.1 Points, Warns World Bank
Nigeria faces a rising inflation threat as global oil prices surge, the World Bank has warned. In its latest…
Nigeria Reduces Oil Dependence as Tax Revenue Soars to 87% of Federation Earnings
Nigeria is undergoing a major fiscal transformation as tax revenues now account for an unprecedented 87% of total…
Africa Must Fast-Track Renewable Energy as Global Capacity Hits Record
Global renewable energy capacity reached an all-time high in 2025, surging to 5,149 gigawatts (GW) with the…
Anthropic Unveils Mythos AI Model for Cybersecurity in Project Glasswing…
Anthropic has unveiled a preview of its most advanced AI model yet, Mythos, designed to bolster cybersecurity…
Nigeria Flags Rising Exposure Amid $20.9 Billion Global Cybercrime Surge
Nigeria has been identified as one of the countries most exposed to global cybercrime, ranking 12th among foreign…
Naira Drops to N1,389/$ as Nigeria’s External Reserves Fall by $850 Million
Nigeria’s Naira weakened to N1,389 per dollar, reflecting growing pressure on the local currency as the country’s…
Dangote Refinery Hikes Petrol to N1,275, Diesel Hits N1,950 Amid Global Oil…
Nigeria’s Dangote Petroleum Refinery has raised the gantry price of petrol and diesel, with petrol now costing…
Nigerian Oil Prices Drop Below $95 as US-Iran Ceasefire Opens Strait of Hormuz
Nigerian oil prices tumbled below $95 per barrel on Wednesday following news that Iran agreed to a temporary…
NNPC Launches Cawthorne Crude Exports with 950,000-Barrel Maiden Shipment
The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially begun exporting its latest crude grade,…
Iranian Hackers Escalate Cyberattacks on U.S. Critical Infrastructure
Iran-backed hackers are increasingly targeting American critical infrastructure, U.S. agencies warn, in what…
Nigeria Revenue Deductions Swallow 39% of 2025 Inflows, World Bank Warns
Nigeria’s revenue growth in 2025 is impressive on paper, but the World Bank has highlighted a growing fiscal leak…