Banking Business Local CBN Imposes N5 Million Fine on Illegal Agent Banking Activities, Strengthens Oversight Rules October 7, 2025 Ekemini The Central Bank of Nigeria (CBN) has stepped up enforcement against illegal agent banking activities, introducing hefty fines for breaches under its revised Agent Banking Guidelines. Any agent found engaging…
Business Energy Local Nigeria Seeks $2 Billion Chinese Loan to Build Super Grid and End Chronic Power Shortages October 7, 2025 Ekemini Nigeria is negotiating a $2 billion loan from China’s Export-Import Bank to finance the construction of a new “super grid” aimed at tackling decades-long power shortages that have hindered economic…
Business Local Seplat, AXA Mansard Drive NGX Rally as Market Gains ₦786 Billion October 7, 2025 Ekemini Investors on the Nigerian Exchange Limited (NGX) continued their winning streak on Monday, pushing market capitalisation up by a substantial ₦786 billion to close at ₦91.9 trillion. The rally was…
Business Energy Local Tinubu Approves N4 Trillion Bond to Settle GenCos Debts, Boost Nigeria’s Power Sector October 7, 2025 Ekemini President Bola Tinubu has approved a N4 trillion bond to settle verified debts owed to Nigeria’s power generation companies (GenCos) and gas suppliers, a move aimed at stabilising the country’s…
International Technology Africa Must Invest in AI to Secure Digital Sovereignty and Economic Growth, Says Expert October 7, 2025 Ekemini Africa stands on the brink of the Fourth Industrial Revolution, yet its digital infrastructure lags behind global standards. With the AI industry projected to reach $4.8 trillion by 2033—far exceeding…
Economy Local Technology $2 Billion Nigerian Broadband Project to Drive GDP Growth and Digital Inclusion October 7, 2025 Ekemini Nigeria is set to witness a major digital transformation as the government launches a $2 billion broadband project aimed at boosting economic growth and expanding internet access nationwide. Speaking at…
Business Local Technology Akwa Ibom Partners with T2 to Become Nigeria’s Next Digital Innovation Hub October 6, 2025 Ekemini Akwa Ibom State is set to accelerate its digital transformation after Governor Umo Eno announced a strategic partnership with tech company T2, aiming to position the state as a leading…
Finance investment Local Ghana T-Bill Auction Falls Short by GH¢1.13bn as Investor Appetite Weakens October 6, 2025 Ekemini Investor interest in Ghana’s Treasury bills (T-bills) took a hit last week, leaving the government with a shortfall of GH¢1.13 billion in its latest auction. According to data released by…
Finance International Macroeconomic Ghana Nears $360M IMF Disbursement as Fifth Review Enters Final Stage October 6, 2025 Ekemini Ghana’s fifth review under the International Monetary Fund (IMF) Extended Credit Facility (ECF) has entered its critical final stage, with discussions expected to conclude by October 10. Officials are optimistic…
Business Energy Local Sahara Group Acquires 7 New Oil Rigs, Aims to Boost Production to 350,000 BPD Across Africa October 6, 2025 Ekemini Sahara Group, one of Africa’s leading energy and infrastructure conglomerates, is making bold moves to expand its footprint in the continent’s oil and gas sector. The company has announced plans…
Business Energy Local Dangote Refinery Commends Tinubu, Security Chiefs for Preventing PENGASSAN Strike Disruption October 6, 2025 Ekemini Dangote Petroleum Refinery has applauded President Bola Ahmed Tinubu and key government officials for swiftly preventing what it described as a potentially “disruptive action” by the Petroleum and Natural Gas…
Local Technology Nigeria Co-Creates National AI Strategy with Innovators and Startups, Says NITDA October 6, 2025 Ekemini Nigeria is charting a new course in artificial intelligence (AI) development by co-creating its national AI governance framework with innovators, startups, and industry experts. The National Information Technology Development Agency…
International Technology Digital Comfort Zones: Why Gen Z Finds Belonging and Identity in Online Communities October 6, 2025 Ekemini For Gen Z, the internet isn’t just a pastime: it’s home. From TikTok and Instagram to Discord, Snapchat, and gaming platforms like Fortnite and Roblox, young people today spend an…
International Technology California’s AI Safety Law SB 53 Balances Innovation and Regulation, Experts Say October 6, 2025 Ekemini California has taken a groundbreaking step in artificial intelligence oversight with the signing of SB 53, a landmark AI safety and transparency bill. Governor Gavin Newsom approved the legislation this…
Business Economy Local Nigeria’s Dele Alake Urges Africa to Industrialise Its Minerals and Build a Green Industrial Future October 6, 2025 Ekemini Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, has called on African nations to end the era of exporting raw minerals and instead focus on industrialising their mineral resources…
Business Economy Local Nigeria’s Intra-African Trade Rises by ₦610bn Amid Weak Naira, Shifting Global Ties October 6, 2025 Ekemini Nigeria’s trade with other African countries surged by ₦610 billion in the first half of 2025, reflecting a renewed push for regional economic integration despite currency headwinds. According to the…
Business Economy Local Tony Elumelu Foundation Donates ₦1 Billion to Empower 18,500 Nigerian Women Under Renewed Hope Initiative October 6, 2025 Ekemini In a major push for women’s economic inclusion, the Tony Elumelu Foundation (TEF) has donated ₦1 billion to the Renewed Hope Initiative (RHI), the flagship empowerment programme led by Nigeria’s…
Business investment Local NGX Market Capitalisation Soars to N140.6 Trillion in September 2025, Boosted by Economic Reforms and Investor Confidence October 6, 2025 Ekemini Nigeria’s stock market surged to a record N140.6 trillion in September 2025, signaling renewed investor confidence in the nation’s capital markets. Data from the Nigerian Exchange Limited (NGX) shows that…
Business Local Market Trillion-Naira Club: Top 10 Most Profitable Stocks Driving NGX Growth in Q3 2025 October 6, 2025 Ekemini Nigeria’s equities market recorded an impressive 18.95% return in Q3 2025, largely driven by a powerful rally among heavyweight stocks known as SWOOTs (Stocks Worth Over One Trillion Naira). Out…
International Market French Stocks Plunge as Prime Minister Sebastien Lecornu Resigns After Just Weeks in Office October 6, 2025 Ekemini French markets opened sharply lower on Monday after Prime Minister Sebastien Lecornu unexpectedly resigned less than a month into his tenure, deepening France’s ongoing political uncertainty. The announcement shocked investors…
Business Local Stock United Capital: Profit up, stock down; is the market overlooking its growth October 6, 2025 Ekemini United Capital Plc is proving to be one of the most intriguing stocks on the Nigerian Exchange (NGX) — a company delivering stellar earnings growth while its share price remains…
Business Economy Local Naira Rises to ₦1,465 per Dollar as FX Inflows Strengthen and Dollar Weakens October 6, 2025 Ekemini The Nigerian naira extended its rally last week, closing at ₦1,465 per U.S. dollar at the official market, buoyed by improved foreign exchange inflows and a weaker dollar following disappointing…
Business Energy Local Petrol Still Sells at ₦865 Despite Dangote’s Free Delivery Offer and ₦820 Supply Price October 6, 2025 Ekemini Despite Dangote Refinery’s effort to ease fuel prices nationwide by supplying petrol at ₦820 per litre without delivery costs, major oil marketers have yet to reduce pump prices. Checks across…
Business Local Macroeconomic Naira Strengthens as CBN Reforms Boost Confidence, Cut Speculation in FX Market October 6, 2025 Ekemini Nigeria’s naira is making one of its strongest comebacks in recent years, lifted by decisive Central Bank of Nigeria (CBN) reforms, a surge in foreign reserves, and a sharp decline…
Business Economy International Dangote Launches $2.5bn Fertiliser Plant in Ethiopia to Boost Africa’s Food Security October 6, 2025 Ekemini Africa’s richest man and President of the Dangote Group, Aliko Dangote, has broken ground on a $2.5 billion fertiliser plant in Gode, Ethiopia, marking one of the continent’s most ambitious…
Local Macroeconomic Market Investor Panic as Nigeria’s 25% Capital Gains Tax on Equities Sparks Fears of Capital Flight October 6, 2025 Ekemini Nigeria’s capital market is reeling from fresh anxiety following confirmation that a 25% Capital Gains Tax (CGT) on share disposals will take effect in January 2026. The policy clarification, made…
Agriculture Local Niger State signs multi-billion-dollar agricultural MoU with the Republic of Benin October 3, 2025 Ekemini Niger State has officially entered into a multi-billion-dollar Memorandum of Understanding (MoU) with the Republic of Benin to enhance agricultural production and food security in the region. Signed in Cotonou…
Business Finance Local CBN Pledges Clean Naira Notes, Boosts Economic Stability at Abuja Trade Fair October 3, 2025 Ekemini The Central Bank of Nigeria (CBN) has reaffirmed its commitment to ensuring the availability of clean and well-mixed currency notes, urging Nigerians to treat the Naira as a symbol of…
Business Energy Local Renaissance Aims to Boost Nigeria’s Oil Production Above 2 Million BPD with Shell Onshore Takeover October 3, 2025 Ekemini Nigeria’s oil production could soon surge past the two million barrels per day (bpd) milestone, as Renaissance, the new owner of Shell’s onshore assets, announced ambitious plans to expand output…
Local Technology Lagos Hosts ICT Commissioners Roundtable, Driving National Digital Economy and Innovation Collaboration October 3, 2025 Ekemini Lagos State recently became the epicenter of innovation in Nigeria as it hosted the ICT Commissioners Roundtable during GITEX, drawing senior technology and innovation leaders from across the country. The…
