Electricity Subsidy Bill Hits N1.92trn in 2025 as FG Absorbs Tariff Gap — NERC
Nigeria’s electricity subsidy bill climbed to N1.928 trillion in 2025, as the Federal Government continued to absorb the widening gap…
Dangote Moves to Buy Ships as Nigeria’s Vessel Shortage Threatens Cement Exports
Dangote Industries Limited is considering buying its own cargo ships after struggling to find a vessel capable of moving just…
Nigerian Stocks Rebound as Investors Brace for High-Volatility September
Nigerian stocks staged a strong recovery toward the end of August, clawing back losses from a two-week decline as renewed…
MTN, Airtel Drive Nigeria’s Telecoms Growth to 10.38% as Sector Contributes N5.2tn to GDP
Nigeria’s telecommunications sector is becoming an increasingly important engine of economic growth, with the industry recording a 10.38% year-on-year increase…
Gas Group Targets NGX Listing as It Unveils Major Energy Expansion Plan
Gas Group Plc is preparing to list its existing ordinary shares on the main board of the Nigerian Exchange Limited…
CBN Targets N700bn From September Treasury Bills Auction
The Central Bank of Nigeria is set to return to the domestic debt market on Wednesday, September 2, with a…
Nigeria’s FX Spot Market Hits Record $5.01bn as Weekly Turnover Surges 155%
Nigeria’s foreign exchange market has recorded a major surge in activity, with the Nigeria FX spot market crossing the $5bn…
Apple Unveils ‘Shocking Evidence’ in OpenAI Trade Secret Dispute
Apple has presented what it describes as “shocking evidence” in its ongoing legal battle with OpenAI, accusing a former employee…
Nigeria’s FX Turnover Falls 48.7% to $2.71bn in One Week
Nigeria’s foreign exchange market recorded a sharp drop in trading activity as FX turnover fell 48.7 per cent week-on-week to…
Finance, Insurance Sector Growth Slows to 9.29% Despite Recapitalisation
Nigeria’s finance and insurance sector recorded 9.29 per cent real growth in the second quarter of 2026, a sharp slowdown…
Brent Crude Surges Above $90 as US-Iran Conflict Threatens Global Oil Supplies
Brent crude prices surged above $90 per barrel on Monday as renewed military attacks between the United States and Iran…
DisCos Lose N669.49bn as Poor Revenue Collection Deepens Nigeria’s Power Crisis
Nigeria’s electricity distribution companies (DisCos) failed to recover N669.49 billion from customers in 2025, highlighting another major financial challenge confronting…
Oil Prices Rise as Trump Threatens Fresh Strikes on Iran, Raising Global Supply Fears
Oil prices climbed on Tuesday after U.S. President Donald Trump threatened further military action against Iran, reigniting concerns over crude…
Tinubu: Nigeria’s GDP Growth Signals Economic Reforms Are Paying Off
President Bola Tinubu has said Nigeria’s latest GDP growth figures show that his administration’s economic reforms are beginning to deliver…
Dangote Refinery Pushes Nigeria’s Oil Refining Growth to Record 43.94% in Q2 2026
Nigeria’s oil refining sector recorded its strongest growth in recent years, expanding by 43.94% year-on-year in the second quarter of…
Nigeria’s Economy Grows 4.43% in Q2 2026 as Agriculture, Services Drive Expansion
Nigeria’s economy recorded stronger growth in the second quarter of 2026, with real Gross Domestic Product (GDP) rising by 4.43…
Modular Refineries Struggle Three Years After Petrol Subsidy Removal
Three years after the Federal Government removed petrol subsidy with promises of attracting investment and strengthening Nigeria’s downstream petroleum sector,…
Tinubu’s Economic Reforms May Take 20 Years to Benefit Nigerians, Economists Warn
Nigerians may have to wait more than a decade before they begin to fully feel the benefits of President Bola…
Africa’s Next Investment Boom Shifts Beyond Fintech as Cleantech Gains Ground
Africa’s technology investment landscape is beginning to change, with investors increasingly looking beyond fintech to businesses tackling some of the…
Dangote Refinery May Cut Petrol Supply to Importing Marketers Amid Quality Concerns
The Dangote Petroleum Refinery and Petrochemicals is considering cutting petrol supplies to major marketers that continue to import Premium Motor…
Nigeria’s 5G Adoption Stalls at 4.49% Despite N1trn Telecom Investment
Nigeria’s 5G adoption remains surprisingly low despite billions of naira invested by telecom operators to expand next-generation network infrastructure, with…
Nvidia’s AI Advantage Goes Beyond GPUs as Data Centres Enter New Efficiency Race
Nvidia’s AI advantage is increasingly moving beyond its powerful graphics processing units (GPUs), as the company positions itself to control…
Nestoil Reactivates 8-Year-Idle Rig in OML 42 to Boost Nigeria’s Oil Production
Nestoil Group has reactivated a drilling rig that had remained idle for about eight years, deploying it to carry out…
NUPRC Moves to Boost Nigeria’s Oil, Gas Investment Appeal With New Headquarters
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is pushing to strengthen Nigeria’s image as an investment destination for the oil…
Petrol Nears N1,400 as Dangote Defends Latest Price Hikes
The price of petrol is edging closer to N1,400 per litre in parts of Nigeria following another increase by the…
Nigeria’s July Remittances Hit Record $947m, Near CBN’s $1bn Monthly Target
Nigeria’s July remittances in Nigeria surged to a record $947 million, bringing the country closer to the Central Bank of…
Nigeria’s Diaspora Remittances Hit Record $947m in July, Near $1bn CBN Target
Nigeria’s diaspora remittances through International Money Transfer Operators (IMTOs) climbed to a record $947 million in July 2026, bringing the…
Heirs Insurance Premium Surges 88.5% to N115bn as Claims Payments Rise
Heirs Insurance Group has recorded a major jump in its business performance, with its combined gross written premium (GWP) rising…
Top 10 Nigerian Stocks That Led Market Rally as University Press Surged 18.75%
Nigerian equities staged a strong rebound in the week ended August 28, with several stocks posting significant gains after two…
Stock Futures Slip After U.S.-Iran Strikes as Wall Street Eyes Winning August
U.S. stock futures slipped early Monday after renewed military strikes between the United States and Iran triggered fresh concerns about…