NNPC Records Highest Profit in 10 Months as June Earnings Rise to ₦535 Billion
The Nigerian National Petroleum Company Limited (NNPC Ltd) has posted its strongest financial performance in nearly a year, reporting a…
Tim Cook Reveals Apple’s AI Strategy as the Company’s Next Competitive Advantage
Apple is doubling down on artificial intelligence, and according to CEO Tim Cook, the company’s unique approach could become one…
Amazon’s Massive AI Investment Pays Off as AWS Growth Drives Strong Earnings
Amazon has reassured investors that its aggressive investment in artificial intelligence infrastructure is paying off, as the tech giant reported…
How China’s Oil Strategy Is Keeping Global Crude Prices Under Control Amid Middle East Crisis
The global oil market has remained surprisingly resilient despite months of severe supply disruptions in the Middle East, and analysts…
Nigeria First Policy Must Work For Manufacturing Sector – Stakeholders
Nigeria’s manufacturing sector could be on the verge of a major transformation following the Federal Government’s introduction of the ‘Nigeria…
Nigeria’s $1tn economy by 2030 not slogan but target – Oyedele
Nigeria’s ambition to become a $1 trillion economy by 2030 is more than an ambitious promise—it is a measurable national…
CBN reforms strengthening naira, stabilising markets — United Capital
Nigeria’s ongoing economic reforms are beginning to deliver positive results, with United Capital Plc expressing confidence that the Central Bank…
NGX extends losing streak, investors lose N1.65 trillion in two days
The Nigerian Exchange (NGX) continued its downward trend on Thursday, with investors losing another N1.005 trillion in market value as…
Nasdaq futures rise as tech stocks lead sharp Wall Street rebound
The U.S. stock market is heading into the final trading day of the week on a positive note as Wall…
Consumer Credit Falls to N3.8 Trillion as Banks Flag Over 13,000 BVNs for Fraud – CBN Report
Nigeria’s banking sector witnessed a significant shift in 2025 as outstanding consumer credit fell for the first time in six…
CBN Cuts One-Year Treasury Bill Yield as Investors Flood Auction with ₦3.62 Trillion Bids
The Central Bank of Nigeria (CBN) has lowered the stop rate on its one-year Treasury Bill after an overwhelming response…
Imported petrol now costs more than Dangote fuel – Report
The cost of importing Premium Motor Spirit (PMS), popularly known as petrol, has now surpassed the price of fuel supplied…
Insurance recapitalisation deadline ends today as sector awaits NAICOM verdict
Nigeria’s insurance industry has reached a defining moment as the recapitalisation deadline officially expires today, leaving operators and investors eagerly…
Naira Climbs to N1,834 per British Pound as Sterling Weakens Against the US Dollar
The Nigerian Naira opened Friday’s trading session at N1,834 per British Pound, reflecting continued fluctuations in the foreign exchange market…
Nigeria’s Private Sector FX Demand Soars as Foreign Exchange Outflows Hit $16.3 Billion in 2025
Foreign exchange demand from Nigeria’s private sector surged dramatically in 2025, with autonomous foreign exchange outflows jumping by an impressive…
Anthropic says its own AI models breached three companies during security tests
Artificial intelligence safety has come under fresh scrutiny after Anthropic revealed that three of its Claude AI models gained unauthorized…
NNPC to Acquire Seplat’s 10% Joint Venture Stake in $281.6 Million Deal
The Nigerian National Petroleum Company Limited (NNPC) has reached an agreement to acquire a 10 percent stake in the NNPCL-SEPNU…
Oil Prices Set for Nearly 20% Monthly Jump Despite Market Pullback
Crude oil prices may have slipped over the past few days, but the global market is still on track for…
Nigeria’s E-Invoicing Rollout Exposes Compliance Challenges for Large Businesses
As Nigeria officially enters a new era of digital tax administration, many of the country’s largest businesses are discovering that…
Microsoft Shatters Market Record with Historic $450 Billion One-Day Gain Driven by AI and Cloud Growth
Microsoft has made Wall Street history after adding nearly $450 billion in market value in a single trading day, setting…
Nigeria can refine fuel now. It just can’t feed it
For years, Nigeria pursued an ambitious goal of refining more of its crude oil at home instead of exporting it…
FG to publish detailed account of petrol subsidy savings, says Taiwo Oyedele
The Federal Government has announced plans to publish a comprehensive breakdown of how funds saved from the removal of petrol…
Seplat Energy to sell 10% stake in joint venture to NNPC for $281m
Seplat Energy has announced a major milestone in Nigeria’s oil and gas sector after signing a $281.6 million agreement with…
Afreximbank’s Record Bond Issuance Raises $1.5bn
Afreximbank has made history by raising a record $1.5 billion through its largest-ever Eurobond issuance, highlighting growing international confidence in…
Cardoso Predicts Lower Interest Rates as CBN Reforms Strengthen Nigeria’s Economy
Nigeria’s high interest rates may not remain for much longer, according to Central Bank of Nigeria (CBN) Governor Olayemi Cardoso,…
Shell Reports $9.8 Billion in Adjusted Earnings as Energy Prices Surge
Shell has delivered an impressive financial performance for the second quarter of 2026, posting adjusted earnings of $9.84 billion, more…
US tariff threatens Nigerian exports, foreign investment, group warns
The Sea Empowerment & Research Centre (SEREC) has warned that the United States’ decision to increase import tariffs on goods…
NESG Warns Nigeria’s Economic Recovery Could Stall Without Sustained Reforms
Nigeria’s economic recovery is showing encouraging signs, but the progress could quickly unravel if the Federal Government fails to strengthen…
Banks collaborate less than cybercriminals, says Bridgforte report
Nigeria’s banking sector is facing a growing cybersecurity challenge as financial institutions continue to collaborate less effectively than the criminal…
Dangote refinery to consume 2.5% of globally traded crude
Nigeria’s industrial ambitions received a major boost as President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, revealed…