NNPC Cuts Petrol Price to ₦910/Litre in Abuja Amidst Dangote’s Market Push
In a move that signals a growing shift in Nigeria’s fuel market dynamics, the Nigerian National Petroleum Company (NNPC) Limited…
Month: May 2025
Lagos Rakes in Over N1 Trillion in Investments, Sets Sights on 2025 Economic Growth
In a major economic milestone, the Lagos State Government has announced that it attracted over N1 trillion in investments within…
CBN Gears Up for Historic 300th MPC Meeting Amid Signs of Economic Recover
The Central Bank of Nigeria (CBN) is set to hold its 300th Monetary Policy Committee (MPC) meeting on May 19–20,…
U.S. Stock Futures Steady After Early Week Surge Amid Trade Optimism, Fed in Focus
After a strong start to the week driven by positive economic signals, U.S. stock futures held steady early Wednesday as…
NGX Bounces Back with N314 Billion Gain as Investors Hunt for Bargains
The Nigerian Exchange (NGX) saw a strong rebound yesterday, reversing earlier losses as investors took advantage of bargain opportunities in…
European Stocks Stabilize as Dollar Weakens Further Amid Trade Truce and Inflation Data
European stock markets remained steady on May 14, 2025, following a significant rally driven by easing global trade tensions. The…
Cyber Talent Drain Threatens Nigeria’s Digital Defenses
Nigeria is facing an escalating cybersecurity crisis due to a severe shortage of skilled professionals, just as the volume and…
CBN Launches NRBVN Platform to Boost Diaspora Remittances to $1 Billion Monthly
In a significant stride towards deepening financial inclusion, the Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank…
Dangote Refinery Cancels June Maintenance After Emergency Repairs, Ends Petrol Rebate
The Dangote Petroleum Refinery has called off its planned June maintenance for its key gasoline unit, after successfully completing essential…
Abia State Partners with MTN Nigeria to Drive Digital Transformation and Economic Growth
The Abia State Government has signed a Memorandum of Understanding (MoU) with MTN Nigeria to advance its digital transformation strategy.…
Foreign Portfolio Outflows Surge 251% in Q1 2025 Amid Economic Reforms and Global Tensions
In the first quarter of 2025, foreign portfolio outflows from Nigeria’s equities market surged to N420.37 billion, reflecting a significant…
World Bank Criticizes Nigeria’s Conditional Cash Transfer Program for Failing to Reach Millions
The World Bank has criticized Nigeria’s conditional cash transfer program, launched by the Federal Government in 2023, for failing to…
IMF Warns Surge in AI-Driven Electricity Demand Could Strain Global Economy and Environment
The International Monetary Fund (IMF) has issued a warning about the rapidly growing electricity demand driven by the expansion of…
Ghana Opens Doors for Oil Investment as Mahama Encourages Global Investors Amid Economic Recovery
Ghana’s former president, John Dramani Mahama, has urged international investors to consider the country’s oil and gas sector for new…
Tullow Ghana Resumes Gas Supply to Atuabo After FPSO Technical Glitch
Tullow Ghana has officially resumed gas exports to the Atuabo Gas Processing Plant after addressing a technical issue on the…
NGX-ASI up 0.46% on renewed bargains
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) recorded a 0.46 percent increase on Tuesday, signaling renewed investor interest in…
Opera’s MiniPay Expands Access to Digital Dollars with Global App Launch
Opera has officially launched its MiniPay app for digital dollars on both iOS and Android platforms, providing a user-friendly, low-cost…
Nigerians, others to be affected as US plans 5% tax on remittances
The United States is considering a new bill that could significantly impact Nigerians and other immigrants sending money home. A…
China Lifts Ban on Boeing Deliveries as 90-Day Tariff Truce with U.S. Begins
In a major shift signaling thawing trade relations, China has officially lifted its freeze on accepting Boeing aircraft deliveries. This…
CBN’s Tight Monetary Policy May Cut Inflation to 22.1% in 2025 – World Bank
The World Bank has projected that Nigeria’s inflation rate could drop to an average of 22.1% in 2025, thanks to…
Nigerian Stock Market Sees 0.4% Dip Amid Profit-Taking, Analysts Forecast Market Rebound
The Nigerian Exchange Limited (NGX) began the week on a negative note, with the All Share Index (ASI) dipping by…
Agriculture Sector Drives Economic Growth in April 2025, Marks 9th Consecutive Expansion
Economic activities in Nigeria experienced consistent growth for the fifth consecutive month in April 2025, with a 52.2 index point…
Nigeria’s External Reserves Hit 8-Month Low Amid Foreign Debt Payments and FX Market Interventions
Nigeria’s external reserves have fallen to their lowest levels in eight months, reaching $37.9 billion by the end of April…
Global Fund Managers Slash Dollar Exposure Amid U.S.-China Trade Thaw
In May, global fund managers marked their most significant retreat from the U.S. dollar since 2006, according to Bank of…
Trump Heads to Gulf With Bold Agenda: Oil, AI, Trade, and Nuclear Talks in Focus
President Donald Trump is heading to the Gulf for a high-stakes diplomatic visit, making stops in Saudi Arabia, the UAE,…
Nigeria’s Tax Overhaul: Key Reforms Aimed at Economic Growth and Revenue Boost
In a historic move last week, the Nigerian Senate passed a suite of tax reform bills aimed at revitalizing the…
Apple to Tackle iPhone Battery Life with AI in iOS 19 Update
Apple is preparing to address one of the most common issues iPhone users face—battery life—by integrating artificial intelligence (AI) into…
World Bank Admits Nigeria’s Economic Progress, Says Prices Remain High
Nigeria’s journey toward achieving a $1 trillion economy has received cautious recognition from the World Bank, which praised the country’s…
World Bank Flags NNPCL Over Incomplete Fuel Subsidy Remittances
The World Bank has raised concerns over the Nigerian National Petroleum Company Limited (NNPCL)’s handling of proceeds from the removal…
Naira Strengthens to ₦1,597.7/$1 at Official Market as CBN Policies Begin to Take Hold
The Nigerian naira gained strength against the US dollar on Monday, closing at ₦1,597.7/$1 in the official foreign exchange market.…