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…
UN Chief Warns AI Is Outpacing Global Regulations as Risks Grow Worldwide
Artificial intelligence is evolving at a speed that governments and regulators are struggling to match, according to United Nations Secretary-General Antonio Guterres. Speaking at the first-ever government-level UN Global Dialogue…
Tinubu orders probe of Meta, Google, AI platforms
President Bola Tinubu has ordered a major investigation into some of the world’s biggest technology companies, including Meta, Google, X (formerly Twitter), and several Generative Artificial Intelligence platforms, over allegations…
TCL Launches AI-Powered Smart Home Products in Nigeria, Eyes Local Assembly Expansion
Global consumer electronics giant TCL has strengthened its commitment to the Nigerian market with the launch of its 2026 lineup of AI-powered smart home products. The unveiling, held in Lagos,…
Dangote Refinery Spends $4.48bn on Crude Imports as Fuel Price Relief Looms for Nigerians
Africa’s largest refinery, the Dangote Petroleum Refinery, spent an estimated $4.48 billion importing 40.4 million barrels of crude oil over a two-month period, highlighting the massive scale of its operations…
AfCFTA Digital Trade Forum Calls for Faster Implementation of Africa’s Digital Trade Protocol
The African Continental Free Trade Area (AfCFTA) Digital Trade Forum 2026 has ended with a strong call for member states to accelerate the implementation of the AfCFTA Digital Trade Protocol,…
Nigeria Revenue Service Generates N21.6 Trillion in Six Months as Tax Reforms Drive Record Revenue Growth
Nigeria’s revenue drive has gained significant momentum, with the Nigeria Revenue Service (NRS) generating an impressive N21.6 trillion in the first six months of 2026. According to the Economic Snapshot…
Nasdaq Futures Slide as Chip Stocks Tumble, Raising Concerns Ahead of Q2 Earnings Season
U.S. stock futures traded mixed on Tuesday as a fresh wave of selling in semiconductor stocks dragged Nasdaq futures lower, highlighting growing investor caution ahead of the closely watched second-quarter…
Nigerian Stocks Gain N3.17 Trillion as Market Rally Pushes NGX Above 234,000 Points
The Nigerian stock market continued its impressive recovery on Monday, delivering a massive N3.17 trillion gain for investors as renewed buying activity swept across major sectors of the economy. The…
CBN Targets Record N1.35 Trillion Liquidity Withdrawal with N2 Trillion Treasury Bill Sale in July
The Central Bank of Nigeria (CBN) is set to launch its largest Treasury Bill (T-bill) issuance programme of 2026, with plans to raise N2 trillion through multiple auctions scheduled for…
DMO Unveils July 2026 FGN Savings Bond at Record 15.716% Interest Rate, Highest Return This Year
The Debt Management Office (DMO) has launched the July 2026 FGN Savings Bond, offering Nigerians an opportunity to earn up to 15.716% annual interest, the highest rate recorded under the…
Petrol Price May Drop Below N800 as Marketers Push for Import Rights
Nigerians may soon see significant relief at the fuel pumps as independent petroleum marketers project that the price of Premium Motor Spirit (PMS), popularly known as petrol, could fall below…
Nigeria lost about N2.4 trillion to grid underutilisation since 2015: NISO
Nigeria has lost an estimated N2.4 trillion in capacity payments over the past decade due to the underutilisation of its electricity grid, a development that continues to weigh heavily on…
Dangote Cement Share Slump Wipes N4.23 Trillion Off Aliko Dangote’s Wealth Amid Market Repricing
Africa’s richest man, Aliko Dangote, has suffered a significant paper loss after a sharp decline in the share price of Dangote Cement Plc wiped an estimated N4.23 trillion from his…
Tony Elumelu Steps Down as UBA Chairman After 12 Years, Emmanuel Nnorom to Lead Next Growth Phase
After more than a decade at the helm of one of Africa’s most influential financial institutions, Tony Elumelu is set to step down as Chairman of United Bank for Africa…
Ghana Settles $700 Million Eurobond Early, Pays $2.1 Billion to Investors Since 2025
The Government of Ghana has taken another major step in its debt recovery efforts by settling a $700 million Eurobond obligation ahead of schedule, raising its total payments to bondholders…
FG, Dangote Refinery Meet Marketers Over Fair PMS Pricing as Fuel Costs Remain High
The Federal Government has intensified efforts to ensure fair pricing of Premium Motor Spirit (PMS), commonly known as petrol, by convening a high-level meeting with Dangote Refinery, petroleum marketers, regulators,…
Oyedele Rejects IMF Claim of ₦8 Trillion Unreported Spending, Insists No Secret Budget Exists
The Federal Government has firmly rejected claims by the International Monetary Fund (IMF) that Nigeria spent more than ₦8 trillion outside its approved budgets, describing the allegation as misleading and…
Dangote Cement Sets Sights on 20% Emissions Reduction, 80MTPA Production Capacity by 2030
Dangote Cement Plc has announced an ambitious sustainability roadmap that will see the company reduce its net carbon dioxide (CO₂) emissions intensity by 20 percent while increasing its installed production…
OPEC+ Approves Fresh Oil Output Increase for August as Global Supply Recovery Gains Momentum
The OPEC+ alliance has approved another 188,000 barrels per day (bpd) increase in oil production for August 2026, signaling its continued commitment to gradually restoring crude supplies to the global…
Google Play Launches $1 Million Fund to Boost African Game Studios and Global Growth
Google Play has announced a major investment in Africa’s growing gaming ecosystem, unveiling a $1 million equity-free fund aimed at supporting independent game studios across the continent. The initiative, known…
Bank Recapitalisation Drained Funds from Nigeria’s Productive Economy, Says Adonri
Nigeria’s banking recapitalisation programme may have succeeded in strengthening the financial sector, but it came at a significant cost to the broader economy, according to the Chief Executive Officer of…
Nigeria, 8 others account for 83% of global gas flaring worth $54bn –World Bank
Nigeria has been named among nine countries responsible for more than 83 percent of global gas flaring in 2025, according to a new report by the World Bank. The findings…
NNPC Begins Evaluation of Chinese Refinery Partnership to Revive Port Harcourt and Warri Plants
The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced a detailed evaluation of its proposed partnership with Chinese firms to rehabilitate and operate the Port Harcourt and Warri refineries,…
Tinubu Secures $11.4bn World Bank Loans in Three Years, Nears Buhari’s Eight-Year Record
President Bola Tinubu’s administration has secured an impressive $11.4 billion in World Bank loan approvals within just three years, bringing it close to surpassing the total amount approved during former…
Nvidia Kyber AI Rack Delay Raises Questions Over Next-Generation AI Roadmap
Nvidia’s ambitious plans to push the boundaries of artificial intelligence infrastructure have reportedly hit a significant roadblock, as its next-generation Kyber AI rack system is now expected to arrive in…