Four New Millionaires Emerge In Season 10 Of FCMB Millionaire Promo
A mechanic in Lagos, a computer technician in Osun, a retired civil servant in Abuja, and a wood merchant in…
Day: September 2, 2025
$600m monthly diaspora remittances proof of reforms – FG
The Federal Government has expressed excitement over a sharp rise in diaspora remittances, which have surged to $600m monthly in…
Nigeria’s power sector reforms fail where telecom triumphs
When Nigeria embarked on economic liberalisation in the late 1990s and early 2000s, the telecommunications industry emerged as the flagship…
Nestle sacks CEO over office romance
Swiss food giant, Nestlé, on Monday dismissed Laurent Freixe as chief executive with immediate effect over an “undisclosed romantic relationship…
Nigeria Signs Deepwater Oil Deal with TotalEnergies to Boost Production and Energy Security
Nigeria has formalized a major deepwater oil agreement with French energy giant TotalEnergies and local partner South Atlantic Petroleum Limited…
Kola Aina on AI, Local Capital, and Startup Exits: Africa’s Tech Investment Landscape in 2025
Kola Aina, founding partner of Ventures Platform, has been a pivotal figure in African venture capital for over a decade.…
Insurance Firms Rush to Meet Sept 30 Recapitalisation Deadline Amid New NIIRA 2025 Guidelines
Insurance companies across Nigeria are racing against the September 30 deadline to submit their recapitalisation plans to the National Insurance…
British Pound Slides 0.9% Amid U.K. Fiscal Concerns, European Markets Weaken
The British Pound fell sharply on Tuesday, sliding 0.9% against the U.S. dollar as investors grew increasingly concerned over the…
SEC Nigeria Launches New Website to Enhance Investor Protection and Market Transparency
The Securities and Exchange Commission (SEC) Nigeria has unveiled its redesigned website, signaling a major push toward digital modernization, improved…
World Bank drives more budget allocations to critical sectors
Nigeria has leveraged the World Bank’s Programme-for-Results (PforR) to increase funding and budget allocations to key sectors of the economy,…
Trump Slams India-U.S. Trade Ties as ‘One-Sided Disaster’ After Modi’s Visit to China
U.S. President Donald Trump has sharply criticized India over trade relations, calling the partnership “a totally one sided disaster” following…
Dangote Refinery Boosts Fuel Exports Amid Middle East Refinery Shutdowns
The $20 billion Dangote Petroleum Refinery has ramped up exports of petrol, aviation fuel, and diesel as refineries across Saudi…
Nigeria Economic Society Pushes for Inclusive Growth, Honours Shettima, CBN Governor, and Global Economist Dr. Iyabo Masha
The Nigeria Economic Society (NES) has emphasized the need for inclusive economic growth as it prepares to honour Vice President…
Nigeria’s Environmental Future Depends on Artificial Intelligence, Experts Warn
Experts have raised fresh concerns that Nigeria’s survival against worsening climate change, resource depletion, and public health risks will depend…
ITU: $2.8 Trillion Needed to Close Global Digital Divide by 2030
The International Telecommunication Union (ITU) has revealed that between $2.6 trillion and $2.8 trillion will be required to connect the…
Nigeria First’ Policy to Generate N3 Trillion for Economy, Says Trade Minister
The Federal Government has projected earnings of about N3 trillion from its ‘Nigeria First’ policy, a campaign designed to encourage…
Dollar Weakens as Gold Hits Record High Amid Fed Rate Cut Speculation
Global financial markets were mixed on Tuesday as the U.S. dollar wobbled near five-week lows and gold surged to a…
Startups tap eSIM boom to disrupt telcos
Nigeria’s telecom sector is witnessing a new wave of disruption as technology startups in the eSIM space emerge to challenge…
European Stocks Hold Steady as Chinese Tech Rally Boosts Market Sentiment
European equities opened the week on a steady note as gains in Chinese technology stocks helped balance pressure from rising…
NGX Opens September with ₦363bn Loss as Market Indices Decline
The Nigerian Exchange (NGX) began September on a bearish note, with investors losing a total of ₦363 billion in market…
Forex Market: Chinese Traders Accepting Naira for Yuan as Currency Swap Boosts Naira Stability
Nigeria’s foreign exchange market is witnessing new dynamics as Chinese traders increasingly accept naira for yuan transactions instead of demanding…
CBN’s $2 Billion FX Forwards Audit: Winners, Losers, and the Future of Nigeria’s Forex Market
The Central Bank of Nigeria (CBN) has concluded a forensic audit into disputed foreign exchange (FX) forward contracts, uncovering irregularities…