EU Plans Complete Phase-Out of Russian Gas by 2028 to Curb Moscow’s War Funding
The European Union has formally committed to ending all Russian gas imports by January 1, 2028, marking a major step…
Day: October 20, 2025
IMF Urges Nigeria and Sub-Saharan Africa to Embrace Blended Finance, Tax Reforms to Boost Sustainable Growth
The International Monetary Fund (IMF) has issued a stark warning to Nigeria and other Sub-Saharan African countries, urging urgent reforms…
African Development Bank and Partners Launch Innovative $70 Billion Infrastructure Funding Model Across Africa
Nigeria is spearheading a groundbreaking financing model aimed at unlocking billions of dollars for infrastructure projects across Africa. The initiative,…
Nigeria’s Prime Lending Rate Hits 18.88% Amid 27% Monetary Policy Rate: Banks Adjust to Economic Signals
Nigeria’s average prime lending rate increased to 18.88% in August 2025, up from 18.54% in July, reflecting banks’ response to…
Shell Urges Nigeria to Boost Investments and Infrastructure for Gas Industrialisation
Nigeria’s gas sector holds immense promise for economic growth and industrialisation, but sustained efforts are needed to attract and retain…
FG Secures $1 Billion Private Investment to Expand Nigeria’s CNG Sector
The Federal Government of Nigeria has successfully secured a $1 billion private investment aimed at expanding the country’s Compressed Natural…
Heirs Technologies Calls for Bold Investments to Unlock Africa’s $700bn Digital Economy by 2030
Heirs Technologies has urged African governments and private investors to make bold, coordinated investments to unlock the continent’s projected $700…
Wikipedia Traffic Declines 8% as AI Search and Social Video Change How People Find Information
Wikipedia, long hailed as one of the internet’s last bastions of reliable, human-curated knowledge, is now feeling the pinch from…
European Stocks Rise as Markets Shake Off U.S. Banking Fears and Focus on Earnings
European stocks started the week on a positive note, brushing off recent worries about bad loans in the U.S. banking…
How Safaricom Accidentally Became Kenya’s Most Powerful “Bank” Through M-PESA
Kenya’s telecom giant Safaricom has become an unlikely cornerstone of the country’s financial system. According to its 2025 sustainability report,…
Top-Performing Nigerian Stocks This Week: Dangote Cement, Lafarge, and Insurance Firms Lead NGX Rally
The Nigerian stock market closed the week on a positive note, with the All-Share Index (ASI) climbing by 1.35% to…
Nigerian Stocks Set for Bullish Week as Investor Confidence Strengthens and Inflation Eases
Analysts have expressed optimism that the Nigerian equities market will sustain its upward momentum this week, buoyed by improving investor…
Dangote Refinery Challenges Marketers as 310 Million Litres of Petrol Await Loading Amid Soaring Pump Prices
As petrol prices continue to soar across Nigeria, the Dangote Refinery has thrown an open challenge to fuel marketers, asserting…
Tony Elumelu Calls for Africa’s Inclusion in Global AI Revolution, Urges Action on Electricity and Capital Mobilization
Chairman of United Bank for Africa (UBA) and Founder of the Tony Elumelu Foundation, Tony Elumelu, has called for Africa’s…
SEC Urges Nigerian Stockbrokers to Strengthen Ethics and Embrace Digital Innovation for Market Integrity
The Securities and Exchange Commission (SEC) has urged Nigerian stockbrokers to uphold the highest standards of professionalism and ethical conduct…
Market confidence drives NGX 1.36% weekly gain
The Nigerian Exchange Limited (NGX) extended its winning streak for the week ending October 17, 2025, as investor optimism pushed…
$42.37bn under-remittance: FG extends NNPCL probe to Dec 2024
The Federal Government has extended its ongoing investigation into alleged under-remittances by the Nigerian National Petroleum Company Limited (NNPCL) until…
AI Boom Fuels $1 Billion Data Center Race in Nigeria as Tech Giants Bet on Digital Future
Nigeria is fast becoming Africa’s next digital powerhouse as global and regional technology giants pour nearly $1 billion into data…
Improved Security and Economic Reforms Attract $8 Billion in Energy Investments — CBN Governor Cardoso
Nigeria’s drive toward economic stability is paying off, with more than $8 billion in new energy investments flowing into the…
High Interest Rates Push 51% of Nigeria’s Informal Businesses Away from Loans
Rising interest rates and tougher lending conditions are discouraging more Nigerian informal businesses from taking loans, according to the 2025…
Climate risks expose West African insurers to $50bn yearly losses
Climate change, once a distant environmental concern, has now become an urgent financial crisis for West Africa’s insurance industry. At…