Business Energy Local Seplat Energy Reports N3.36 Trillion Revenue in 9 Months, Declares 7.5 US Cents Dividend October 31, 2025 Ekemini Uba Seplat Energy PLC has posted impressive financial results for the nine months ended September 30, 2025, with revenues soaring to N3.356 trillion, up from N1.071 trillion in the same period…
Business Energy Local Presidency Defends 15% Fuel Import Tariff October 31, 2025 Ekemini Uba The Nigerian Presidency has confirmed that President Bola Tinubu has approved a 15 per cent import tariff on petrol and diesel, calling it a strategic move to promote local refining…
Business Local Technology MTN and Airtel Nigeria Profits Surge to ₦1.83 Trillion as Naira Strengthens October 31, 2025 Ekemini Uba Nigeria’s telecom giants, MTN Nigeria and Airtel Nigeria, have posted a combined profit of about ₦1.83 trillion, signalling a strong corporate recovery. The surge comes as the naira stabilizes, reversing…
Business Local Nigeria’s New Tax Laws to Revive Logistics Industry and Ease Road Transport Costs October 31, 2025 Ekemini Uba Nigeria’s logistics industry, which moves over 90 percent of the country’s goods by road, has long struggled under the weight of excessive taxation, with operators facing more than 200 official…
Agriculture Business Energy Local Nigeria Launches National Carbon Market Framework to Unlock $3 Billion in Annual Climate Finance October 31, 2025 Ekemini Uba President Bola Tinubu has approved the adoption of a National Carbon Market Framework (NCMF), alongside the operationalization of the Climate Change Fund and the restoration of the National Council on…
Business Energy Local Bonny Light Holds at $66 as Market Eyes Trump-Xi Trade Breakthrough October 31, 2025 Ekemini Uba Nigeria’s premium crude blend, Bonny Light, steadied at $66 per barrel on Wednesday, lifted by renewed optimism over trade talks between U.S. President Donald Trump and China’s President Xi Jinping.…
International Technology WhatsApp Introduces Passkey Support for Encrypted Backups, Enhancing User Privacy and Security October 31, 2025 Ekemini Uba WhatsApp has unveiled a new feature that allows users to access their encrypted chat backups using passkeys, offering a simpler and more secure way to restore chats. With this update,…
International Technology Canva Unveils Its Own AI Design Model and Expands Creative Suite with Smart Tools October 31, 2025 Ekemini Uba Canva has stepped into the next generation of design innovation with the launch of its own AI-powered design model. The creative suite company unveiled the new model on Thursday, describing…
Local Macroeconomic Trade FG Targets Under-7-Day Cargo Clearance at Nigerian Ports by 2026 – Shettima Unveils Port Efficiency Reforms October 31, 2025 Ekemini Uba The Federal Government has set a bold target to reduce cargo clearance time at Nigerian ports to less than seven days by the end of 2026, aiming to position the…
Business Local Macroeconomic Tinubu: Local Production Key to Stabilising Supply Chains and Strengthening Nigeria’s Economy October 31, 2025 Ekemini Uba President Bola Tinubu has reaffirmed his administration’s commitment to strengthening Nigeria’s economy through local production, saying it remains central to stabilising supply chains and reducing import dependence. The President made…
Local Macroeconomic Auditor General hinges inclusive economic growth on accountability October 31, 2025 Ekemini Uba The Auditor General for the Federation, Shaakaa Chira, has stressed that inclusive economic growth in Nigeria cannot thrive without strong accountability mechanisms. Speaking at the 2025 Nigeria Accountability Summit in…
Business Economy Local Nigeria’s New Tax Reforms to Eliminate Multiple Levies and Boost Haulage Industry, Says Oyedele October 31, 2025 Ekemini Uba The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has announced that Nigeria’s haulage and logistics industry will be one of the biggest winners from…
Business International Market European Markets Fall After ECB Decision as Investors Weigh Earnings and Trade Talks October 31, 2025 Ekemini Uba European stock markets opened lower on Friday as investors digested a mix of corporate earnings, economic data, and the European Central Bank’s (ECB) latest policy stance. The ECB kept its…
Business Local Stock Investors Lose ₦371bn as Profit-Taking Pressure Drags NGX Lower October 31, 2025 Ekemini Uba The Nigerian Exchange (NGX) closed Thursday’s trading session on a bearish note as widespread sell pressure in key stocks led to a market downturn. The benchmark All-Share Index (ASI) dropped…
Business Finance Local Nigerians Lose N316bn to Ponzi Schemes, SEC Warns Against Greed and Fake Investment Platforms October 31, 2025 Ekemini Uba The Securities and Exchange Commission (SEC) has disclosed that Nigerians have collectively lost about ₦316 billion to Ponzi schemes and illegal investment platforms over the years. The regulator warned that…
Business Local Stock Nigerian Equities Market Decline Deepens as Investors Lose N371bn Amid Profit-Taking October 31, 2025 Ekemini Uba The Nigerian equities market extended its losing streak for the fourth straight session on Thursday, as investors’ appetite for risk continued to weaken amid profit-taking and portfolio realignments. The sustained…
Business Energy Local Petrol Price May Rise to ₦1,163 as Tinubu’s New Tariff Targets ₦4.8 Trillion Revenue October 31, 2025 Ekemini Uba Nigerians may soon pay as much as ₦1,163 per litre of petrol as the Federal Government introduces a new tariff policy aimed at generating ₦4.8 trillion annually from taxes on…
Business Local Macroeconomic BusinessNigerians hold N4.47 trillion cash outside banks in September as money supply drops October 31, 2025 Ekemini Uba Nigerians held N4.47 trillion in cash outside the banking system in September 2025, despite a contraction in overall money supply, according to the Central Bank of Nigeria’s latest money and…
Banking Business Finance Local Reps Launch Probe into Multiple Bank Charges, Excessive Tax Deductions on Workers’ Incomes October 31, 2025 Ekemini Uba The House of Representatives has set up an ad-hoc committee to investigate widespread complaints over excessive tax deductions and multiple bank charges affecting civil and public servants across Nigeria. The…
Business Energy Local Dangote Rejects NNPC Refinery Purchase, Urges Private Investors to Step Up October 31, 2025 Ekemini Uba Africa’s richest man, Aliko Dangote, has dismissed suggestions that he should acquire one of Nigeria’s moribund state-owned refineries, saying he would rather expand the capacity of his privately owned refinery…
Business Local Technology Ntel CEO Calls for Fintech-Telco Convergence to Power Nigeria’s Digital Economy October 30, 2025 Ekemini Uba Soji Maurice-Diya, chief executive officer of Nigerian Telecommunications Ltd. (ntel), has called for stronger collaboration between Nigeria’s telecommunications and financial sectors, arguing that a convergence between telcos and fintechs could…
Business Economy Local CBN May Backtrack on Fixed-Income Market Control as Nigeria Reviews Policy Shift October 30, 2025 Ekemini Uba Nigeria’s plan to let the Central Bank of Nigeria (CBN) take over control of the nation’s fixed-income market may soon be reversed as government agencies review the proposal, according to…
Banking Business Energy International BVI Court Orders Ex-Seplat Chairman Orjiako to Pay $220 Million in Landmark Debt Enforcement Ruling October 30, 2025 Ekemini Uba In a landmark decision that has sent ripples across international financial and legal communities, the British Virgin Islands (BVI) Commercial Court has ordered Dr. Ambrosie Bryant Chukwueloa Orjiako, former chairman…
Business Local NAICOM, FRSC Partner to Enforce Third-Party Motor Insurance Nationwide October 30, 2025 Ekemini Uba The National Insurance Commission (NAICOM) and the Federal Road Safety Corps (FRSC) have joined forces to strengthen the enforcement of compulsory Third-Party Motor Insurance across Nigeria. The collaboration was formalised…
Business Local Technology FG Launches Automated Customs Payment System to Revolutionize Parcel Clearance in Nigeria October 30, 2025 Ekemini Uba The Federal Government has unveiled the Nigerian Postal Service (NIPOST) Automated Payment Solution, a digital platform designed to simplify customs payments for international parcels and enhance transparency in cross-border trade.…
Agriculture Business Local FG’s $2.5bn investments drive seen lifting dairy farming October 30, 2025 Ekemini Uba President Bola Tinubu has announced that Nigeria has secured $2.5 billion in investments to establish six modern meat-processing factories across the country over the next five years. The initiative includes…
Business International Market JUST IN: Eurozone growth beats expectations in third quarter October 30, 2025 Ekemini Uba The eurozone economy grew faster than expected in the third quarter of 2025, official data showed Thursday. The EU’s data agency said the 20-country single currency area recorded growth of…
Business Energy Local JUST IN: Tinubu okays 15% import duty on petrol, diesel October 30, 2025 Ekemini Uba President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on imported petrol and diesel, effective immediately, in a move aimed at protecting Nigeria’s growing…
Business Energy Local What we’re doing to get Nigeria’s refineries back on track — NNPC’s Ojulari October 30, 2025 Ekemini Uba The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Engr. Bashir Bayo Ojulari, has assured Nigerians that the company is taking deliberate steps to…
Business Local Macroeconomic Bank of Ghana Confident Inflation Will Drop Further by Year-End as Cedi Strengthens October 30, 2025 Ekemini Uba The Bank of Ghana (BoG) is expressing optimism that inflation will continue to fall before the end of 2025, building on months of steady disinflation driven by a stronger cedi…
