$400 Million AI Inference Chip Deal Signals Shift Away from Nvidia-Dominated GPU Market
The artificial intelligence industry may be witnessing the start of a new era as General…
CBN HoldCo Capital Buffer May Force Nigerian Banks to Raise N1.7 Trillion, RenCap Warns
Nigeria’s banking sector could be heading for another major capital-raising exercise as Renaissance Capital (RenCap)…
Tinubu Signs Virtual Assets Executive Order, Launches Council to Strengthen Crypto Regulation in Nigeria
President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, marking…
Dangote Refinery Emerges Major Winner as US-Iran Conflict Boosts Demand, Wealth Soars
Africa’s richest man, Aliko Dangote, is emerging as one of the biggest beneficiaries of the…
Nigeria Crude Oil Production Hits N41.7tn in Six Months as Output Shows Strong Recovery
Nigeria earned an estimated N41.74 trillion from crude oil and condensate production in the first…
Dangote Refinery Crude Imports Raise Fresh Doubts Over Nigeria’s Crude-for-Naira Policy
Nigeria’s crude-for-naira initiative has come under renewed scrutiny following revelations that the Dangote Petroleum Refinery…
African Leaders Launch Bold Plan to Boost Intra-African Livestock Trade Under AfCFTA
African leaders have unveiled an ambitious strategy to unlock the full potential of the continent’s…
Food prices now biggest threat to Nigeria’s inflation, beyond CBN control—Analysts
Nigeria’s battle against inflation is entering a new phase, and experts say food prices are…
Telecom operators endorse NCC framework
Nigeria’s telecommunications industry has thrown its weight behind the Nigerian Communications Commission’s (NCC) proposed Mobile…
Nigeria Net FX Reserves Surge Over 1,200% as CBN Reforms Boost Investor Confidence
Nigeria’s net foreign exchange (FX) reserves have recorded a remarkable increase of more than 1,200…
Nigerian Equities Market Loses N32bn as Profit-Taking Halts Bullish Rally
The Nigerian equities market suffered a setback on Thursday as investors lost an estimated N32…
Businesses urged to prepare for AI misinformation before polls
As Nigeria moves closer to the 2027 general election, businesses, investors, and institutions are being…
CBN Unveils FX BDC Purchase Tracker to Monitor Bureau De Change Transactions in Real Time
The Central Bank of Nigeria (CBN) has rolled out a new digital monitoring platform known…
Fintech raises capital for African expansion
Nigeria’s leading fintech company, Mathesis Analytics, has secured a strategic investment from First Ally Capital,…
CBN Launches Digital FX Tracker, Tightens Rules for BDC Dollar Purchases Through Banks
The Central Bank of Nigeria (CBN) has unveiled a new digital platform designed to monitor…
EU asks Google to share search data, Android features with AI rivals
The European Union has intensified its push to promote competition in the technology sector by…
BUA Cement Selloff Drags Nigerian Stock Market Lower Despite First HoldCo’s Record-Breaking Rally
The Nigerian stock market closed slightly lower on Thursday as a steep decline in BUA…
PETROAN Urges Refinery Revival as Dangote Refinery Switches to Dollar Sales
Nigeria’s downstream petroleum sector is facing renewed uncertainty as the Petroleum Products Retail Outlets Owners…
OnePlus Exits U.S. and Europe Smartphone Markets as Global Phone Demand Slows
OnePlus has announced that it will no longer launch new smartphones and products in the…
NERC CapEx Order Triggers Power Sector Showdown as DisCos, State Regulators Push Back
Nigeria’s electricity sector has been thrust into the spotlight following the implementation of the NERC…
BUA Foods approves N504b dividend, unveils expansion plan to boost food security
BUA Foods Plc has approved a massive N504 billion dividend for shareholders while unveiling an…
SpaceX Shares Slip Below IPO Price as Investor Optimism Fades Amid Valuation Concerns
SpaceX shares dropped below their $135 initial public offering (IPO) price for the first time…
NGX Major Deals Hit N32.73 Billion as First HoldCo and Seplat Lead Market Rebound
The Nigerian Exchange (NGX) witnessed a surge in high-value transactions on Tuesday, with major deals…
World Bank: 79% of Nigerians Still Face Poverty Despite Economic Reforms
Despite nearly three years of major economic reforms by the Federal Government, the World Bank…
U.S. Crude Inventories Drop 1.7 Million Barrels as Iran Tensions Keep Oil Markets on Edge
The latest U.S. Energy Information Administration (EIA) report has revealed a significant decline in American…
DeepMind CEO Warns AGI Could Arrive Within Years, Calls for Urgent Global AI Safeguards
Google DeepMind CEO Demis Hassabis has issued a stark warning that Artificial General Intelligence (AGI)…
Xi Jinping Unveils China’s Global AI Vision as Huawei Showcases Powerful New AI Computing System
Chinese President Xi Jinping is expected to take center stage at the World Artificial Intelligence…
Foreign Investors Shift to Indian Bonds as Stock Market Sees Massive Sell-Off
Foreign investors are increasingly turning their attention to Indian government bonds, even as they continue…
Nigeria Tax Revenue Jumps to N21.6 Trillion in H1 2026 as Economic Reforms Deliver Results
Nigeria’s tax revenue recorded a remarkable boost in the first half of 2026, reaching N21.6…
CBN Rate Hike Looms as Pre-Election Spending Raises Inflation Concerns
Nigeria’s financial markets could face a significant shift in the coming months as experts warn…