Dangote Refinery Launches Free Petrol Delivery to Abuja, Five States Amid Fuel Price Relief
Dangote Petroleum Refinery has taken another significant step in Nigeria’s fuel market by launching free delivery of Premium Motor Spirit (PMS), popularly known as petrol, to Abuja and five key…
IMF Cuts Global Growth Forecast for 2026 as Middle East Conflict Clouds Economic Outlook
The International Monetary Fund (IMF) has once again lowered its forecast for global economic growth in 2026, warning that lingering tensions in the Middle East and the economic fallout from…
Oil Surges, Global Stocks Tumble as Trump Declares Iran Ceasefire Over
Global financial markets were thrown into fresh uncertainty on Wednesday after United States President Donald Trump declared that the ceasefire with Iran was over, reigniting fears of a wider conflict…
FGN Savings Bond Hits Record 15.716% Return as DMO Opens July 2026 Investment Window
The Debt Management Office (DMO) has opened the July 2026 subscription window for the Federal Government of Nigeria (FGN) Savings Bond, offering investors an opportunity to earn returns of up…
Dow Futures Tumble 700 Points as Trump Declares Iran Ceasefire ‘Over,’ Oil Prices Surge
Global financial markets were rattled on Wednesday after U.S. President Donald Trump declared that the ceasefire between the United States and Iran was effectively “over,” raising fears of a renewed…
Tinubu Tasks Afreximbank To Drive Africa’s Industrialisation
President Bola Ahmed Tinubu has challenged the African Export-Import Bank (Afreximbank) to take a leading role in driving Africa’s industrial transformation, insisting that the continent can no longer afford to…
EBRD Picks Nigeria as West Africa Growth Hub in Major Expansion Drive
The European Bank for Reconstruction and Development (EBRD) has placed Nigeria at the heart of its ambitious expansion plans in West Africa, signaling growing international confidence in Africa’s largest economy.…
CBN Data Localisation Drive Opens New Opportunities as Galaxy Backbone Targets Banks, Fintechs
As Nigeria pushes for greater control over its financial data, Galaxy Backbone (GBB) is positioning itself as a key partner for banks, fintech companies, and payment service providers seeking to…
Nigeria’s $25bn Oil and Gas Financing Gap Sparks Call for Urgent Investment Partnerships
Nigeria’s oil and gas industry is facing a major hurdle that could slow growth and investment across the sector. Industry stakeholders have raised concerns over an estimated annual financing gap…
FG Pressures Oil Marketers as Nigerians Demand Cheaper Petrol Amid Falling Global Oil Prices
The Federal Government has intensified pressure on oil marketers to reduce petrol prices, following growing concerns that Nigerians are not benefiting from the recent decline in global crude oil prices.…
PenCom Eyes Bigger Role in Capital Market as Nigeria’s Pension Assets Hit Record N31.32 Trillion
Nigeria’s pension industry has reached a major milestone, with total pension assets climbing to a record N31.32 trillion in May 2026. Riding on this impressive growth, the National Pension Commission…
OpenAI Gets U.S. Approval for GPT-5.6 Rollout as AI Race Heats Up
OpenAI has reportedly received regulatory clearance from the U.S. Department of Commerce to move forward with the wider release of its highly anticipated GPT-5.6 artificial intelligence model, marking a significant…
Nigeria’s FDI Surges to $4bn as Oil and Gas Investments Fuel Economic Recovery – UNCTAD
Nigeria’s efforts to attract foreign investment received a major boost in 2025 as foreign direct investment (FDI) inflows more than doubled to approximately $4 billion, according to the United Nations…
Anthropic Expands Claude Cowork to Mobile and Web as AI Workplace Competition Intensifies
Anthropic is taking another major step in the race to dominate the future of workplace AI, announcing that its Claude Cowork platform is now available on mobile and web for…
Flutterwave Secures Circle Ventures Backing, Expands Stablecoin Payments with USDC Settlement
Flutterwave is taking another major step in reshaping Africa’s digital payments landscape after securing a strategic investment from Circle Ventures and launching USD Coin (USDC) settlement on its platform. The…
Meta’s New Muse AI Image Generator Sparks Privacy Concerns as Users Question Photo Usage
Meta has officially entered a new phase of the AI race with the launch of Muse Image, a powerful image-generation tool developed by Meta Superintelligence Labs. Available for free through…
UK targets Nigeria’s digital economy with reforms
The United Kingdom is intensifying its partnership with Nigeria’s rapidly growing digital economy through a series of reforms and investment-driven initiatives designed to expand broadband access, strengthen digital governance and…
Google Seeks Cooperation as FG Launches Probe Into Big Tech Operations in Nigeria
Google has pledged to cooperate with Nigerian regulators following the Federal Government’s decision to investigate major technology companies over concerns about competition, artificial intelligence, and the use of news content.…
Don’t politicise flooding – Lagos govt warns critics
As heavy rainfall continues to test infrastructure across Lagos, the state government has defended its flood-control efforts, insisting that years of strategic interventions have significantly reduced the impact of flooding…
NGX Investors Gain N1.86 Trillion as Half-Year Earnings Expectations Spark Market Rally
The Nigerian stock market witnessed a powerful resurgence on Monday as investors poured funds into equities ahead of the release of half-year (H1) financial results and expected interim dividend announcements…
Nigeria’s FX Market Hits Three-Month High as Turnover Climbs to $3.05 Billion
Nigeria’s foreign exchange market has kicked off the third quarter of 2026 on a strong note, recording its highest weekly turnover in more than three months. Fresh data from FMDQ…
NNPC, Seplat and UTM FLNG Seal 15-Year Gas Deal to Unlock Nigeria’s LNG Potential
Nigeria’s ambition to become a leading global gas powerhouse received a major boost as the NNPC Ltd/Seplat Energy Producing Nigeria Unlimited (SEPNU) Joint Venture signed a landmark 15-year Wet Gas…
Put a price on terror: Why Nigeria should place bounties on bandits
As Nigeria continues its battle against banditry, kidnapping, and terrorism, a new proposal is gaining attention: paying for information that leads to the arrest of criminals. Defence and counter-insurgency expert…
NGX Rally Adds N1.86 Trillion as Cadbury, NAHCO and Dangote Cement Drive Broad Market Surge
Nigeria’s stock market extended its recovery streak on Tuesday as investors gained an impressive N1.86 trillion in a single trading session, driven by strong buying interest across major sectors of…
Nigeria’s Banking Assets Surge to N180.37 Trillion as Financial Sector Powers Economic Growth
Nigeria’s financial sector is showing remarkable strength, with deposit money banks recording total assets of N180.37 trillion, equivalent to 41.8 per cent of the country’s nominal Gross Domestic Product (GDP).…
SEC Approves N6.94 Billion Beta Glass Takeover Offer by Emerald HoldCo
The Securities and Exchange Commission (SEC) has approved a mandatory takeover offer worth N6.94 billion by Emerald HoldCo B.V. for a portion of the outstanding shares of Beta Glass Plc,…
China Weighs Restricting Global Access to Advanced AI Models Amid National Security Concerns
China is considering tighter controls on who can access its most advanced artificial intelligence models, a move that could significantly alter the global AI landscape. According to reports by Reuters,…
Nigerian Stocks Poised for Fresh Rally as Smart Investors Target NGX Opportunities
Nigeria’s stock market is showing renewed strength, with investors closely watching for the next major rally on the Nigerian Exchange (NGX). After weathering a wave of profit-taking in recent weeks,…
FG Seeks Community Backing for Dangote Industrial City and Africa’s Largest Deep Seaport Project
The Federal Government has appealed to residents and stakeholders in Ogun and Ondo states to fully support the proposed Dangote Industrial City and Deep Seaport project, describing it as a…
NOG Energy Week, Microfinance Bank Liquidation Lead Major Business Developments This Week
Nigeria’s business landscape is set for another eventful week as key developments across the energy, banking, and financial sectors take centre stage. From the opening of the 25th Nigeria Oil…