Nigeria Targets 2.5 Million Barrels Per Day Oil Output by 2026, Says NUPRC
Nigeria is on track to boost its crude oil output to 2.5 million barrels per day (mbpd) by 2026, according…
Day: August 22, 2025
UK Dominates Nigeria’s Q1 2025 Capital Inflows with ₦5.5 Trillion Investment
The United Kingdom emerged as Nigeria’s leading source of foreign capital in the first quarter of 2025, contributing ₦5.52 trillion…
German Economy Shrinks 0.3% in Q2 as U.S. Tariffs Hit Exports, Growth Outlook Weakens
Germany’s economy contracted by 0.3% in the second quarter of 2025, according to revised data from the Federal Statistics Office,…
Edun, Cardoso Meet to Align Fiscal and Monetary Policies, Boost Investor Confidence
Nigeria’s Finance Minister Wale Edun and Central Bank Governor Olayemi Cardoso met in Abuja on Wednesday to discuss strategies aimed…
Google Launches AI Mode in Africa: Nigeria, Kenya, and South Africa Lead as Test Markets
Google has introduced its groundbreaking AI Mode in Search across Nigeria, Kenya, and South Africa, making the three nations the first in…
NNPCL Posts N185bn Profit Despite Debt Burden, Remits N7.9tr to FAAC
The Nigerian National Petroleum Company Limited (NNPCL) reported a profit after tax of ₦185 billion in July 2025, despite mounting financial…
Non-Bank Corporates Drive 24% Surge in Nigeria’s FX Inflows as Dollar Bond Hits 180% Subscription
Nigeria recorded a significant boost in foreign exchange inflows in July 2025, climbing 24% to $1.7 billion, driven largely by…
Nigerian Stock Market Loses N781bn as Sell-Offs Deepen Bearish Sentiment
The Nigerian stock market extended its losing streak on Thursday, shedding N781 billion in market value as persistent sell-offs dragged performance into…
Ghanaian SMEs Urged to Explore Canada’s Labour Market for Expansion Opportunities
Ghanaian small and medium enterprises (SMEs) are being encouraged to leverage Canada’s labour market as a strategic pathway for growth…
Ghana Pledges Fiscal Stability and Digital Transformation to Boost Private Sector Growth
Ghana’s government has reaffirmed its commitment to fiscal stability and private sector development as part of ongoing efforts to sustain…
European Stocks Slip as Investors Weigh EU-U.S. Trade Deal Details and German GDP Decline
European stocks edged lower on Friday as investors digested fresh details of the trade agreement between the European Union and…
OpenAI to Open First India Office in New Delhi, Targets Rapidly Growing AI Market
OpenAI, the creator of ChatGPT and backed by Microsoft, announced plans to establish its first office in India later this…
Nigeria’s FX Reserves Surge to $41bn in August, Highest Level in Nearly Four Years
Nigeria’s foreign exchange reserves have surged past the $41 billion mark in August, recording their strongest level since December 2021.…
Gen Z Traders Embrace AI: 80% Expected to Rely on AI-Powered Trading by 2028 – MEXC
Global cryptocurrency exchange MEXC has predicted that by 2028, more than 80% of Gen Z traders will fully automate their portfolios using AI-powered…
Technology, analytics to enhance transport systems – Expert
Integrating technology and advanced analytics into transport systems can significantly improve efficiency and road safety, according to transportation engineering consultant…
FCMB, FMO Launch ₦20 Million AgriTech Investment Programme for Nigerian Startups
First City Monument Bank (FCMB) in partnership with the Dutch Entrepreneurial Development Bank (FMO) has unveiled the FCMB–FMO AgriTech Investment Readiness…
Nigerian Pension Funds Seek Alternative Investments to Protect N24 Trillion Amid Inflation and FX Pressure
Operators in the Nigerian pension industry are calling for regulatory reforms to allow broader investment opportunities for the nation’s N24.63…