CNG Price Surges to N450/SCM as FG Reduces Subsidies Amid Long Queues
The cost of Compressed Natural Gas (CNG) has sharply risen to N450 per standard cubic metre (SCM) as the Federal…
Day: September 3, 2025
Dangote Refinery Makes Historic First Gasoline Export to U.S., Expands Global Reach
Nigeria’s Dangote Refinery has marked a significant milestone by exporting its first gasoline shipment to the United States, signaling its…
SEC Warns Nigerians to Beware of Online Investment Scams, Advises Verification Before Investing
The Securities and Exchange Commission (SEC) has issued a stern warning to Nigerians about the growing threat of online financial…
Watches of Switzerland Shares Soar 8% Despite U.S. Tariffs, Deutsche Bank Upgrades Stock
European stocks opened higher on Wednesday, reversing losses from the previous session as investors gained confidence amid ongoing fiscal concerns…
Nigerian Stock Market Drops 984 Points as Four Stocks Hit 10% Loss; SEPLAT Leads Market Value
The Nigerian stock market closed the week on a sour note as the All-Share Index (ASI) fell 984.55 points on…
Fintech Offers N3m Agric Financing, SMEs Funding
A new digital-first financial institution, Andray Finance Limited, is stepping into Nigeria’s lending space with a promise to transform access…
Naira-Yuan Swap Boosts Naira Stability, Promises Cheaper Imports from China
Nigeria’s currency, the naira, is gaining renewed strength as experts highlight the benefits of the Naira-Yuan currency swap between Nigeria…
Nigerian Stock Market Suffers N623bn Loss as Lafarge Africa, 47 Firms Lead Selloffs
The Nigerian stock market continued its bearish run yesterday, wiping out N623 billion in market value, as heavy selloffs in…
OpenAI Acquires Statsig in $1.1 Billion All-Stock Deal to Boost AI Product Testing
OpenAI, the company behind ChatGPT, has announced the acquisition of product testing startup Statsig in a $1.1 billion all-stock transaction,…
Nigeria’s Business Confidence Index Climbs to 107.3 Despite Financing and Structural Challenges
Nigeria’s business environment showed modest improvement in August 2025, with the Current Business Performance Index rising to 107.3 points, according…
Nigerian Stock Market Sheds N985.7bn in Two Days as Investor Sell-Off Deepens
The Nigerian stock market has suffered heavy losses at the start of September, wiping out nearly N985.7 billion in market…
Fintech, Banks, and OFIs Urged to Deepen Collaboration for Sustainable Growth
Financial expert, Samuel Olaniran, has stressed the urgent need for stronger collaboration between fintech companies, traditional banks, and Other Financial…
5G Adoption Spurs Smartphone Growth as Shipments Rise 3% in Africa, Middle East
Smartphone shipments across the Middle East and Africa (MEA) rose by 3% year-on-year in the second quarter of 2025, marking…
Nigeria’s Economy Expands for 8th Straight Month as CBN Reports Growth Across Key Sectors
Nigeria’s economy continued its upward trajectory in July 2025, recording its eighth consecutive month of growth, according to the Central…
NES Urges Agricultural, Trade, and Energy Reforms as Key Drivers of Nigeria’s Sustainable Economic Growth
The Nigerian Economic Society (NES) has called for urgent transformation in agriculture, trade, and energy, stressing that Nigeria and other…
Tijani at GITEX Nigeria: Africa Must Build Shared AI Infrastructure to Avoid Global Marginalisation
At the opening of the GITEX Nigeria Summit 2025 in Abuja, Nigeria’s Minister of Communications, Innovation and Digital Economy, Bosun…
Nigeria Strengthens Renewable Energy Drive with Local and International Partnerships
Nigeria is stepping up its renewable energy ambitions with stronger collaborations between local firms and international investors. The Federal Government…
UK Partners with AGRA in £5m Deal to Boost African Food Security and Trade
The United Kingdom has committed £5 million to support agricultural trade and food security in Africa through a new partnership…
Nigeria Faces Remittance Pressure as UK Interest Rates Hit 27-Year High, Pound Weakens Against Naira
Nigeria’s remittance lifeline from the United Kingdom is coming under pressure as borrowing costs in Britain surge to a 27-year…
GNCCI Urges Government to Stabilize Exchange Rate to Boost Trade and Revenue in Ghana
The Ghana National Chamber of Commerce and Industry (GNCCI) has emphasized the urgent need for government intervention to stabilize the…