CBN Imposes N5 Million Fine on Illegal Agent Banking Activities, Strengthens Oversight Rules
The Central Bank of Nigeria (CBN) has stepped up enforcement against illegal agent banking activities, introducing hefty fines for breaches…
Month: October 2025
Nigeria Seeks $2 Billion Chinese Loan to Build Super Grid and End Chronic Power Shortages
Nigeria is negotiating a $2 billion loan from China’s Export-Import Bank to finance the construction of a new “super grid”…
Seplat, AXA Mansard Drive NGX Rally as Market Gains ₦786 Billion
Investors on the Nigerian Exchange Limited (NGX) continued their winning streak on Monday, pushing market capitalisation up by a substantial…
Tinubu Approves N4 Trillion Bond to Settle GenCos Debts, Boost Nigeria’s Power Sector
President Bola Tinubu has approved a N4 trillion bond to settle verified debts owed to Nigeria’s power generation companies (GenCos)…
Africa Must Invest in AI to Secure Digital Sovereignty and Economic Growth, Says Expert
Africa stands on the brink of the Fourth Industrial Revolution, yet its digital infrastructure lags behind global standards. With the…
$2 Billion Nigerian Broadband Project to Drive GDP Growth and Digital Inclusion
Nigeria is set to witness a major digital transformation as the government launches a $2 billion broadband project aimed at…
Akwa Ibom Partners with T2 to Become Nigeria’s Next Digital Innovation Hub
Akwa Ibom State is set to accelerate its digital transformation after Governor Umo Eno announced a strategic partnership with tech…
Ghana T-Bill Auction Falls Short by GH¢1.13bn as Investor Appetite Weakens
Investor interest in Ghana’s Treasury bills (T-bills) took a hit last week, leaving the government with a shortfall of GH¢1.13…
Ghana Nears $360M IMF Disbursement as Fifth Review Enters Final Stage
Ghana’s fifth review under the International Monetary Fund (IMF) Extended Credit Facility (ECF) has entered its critical final stage, with…
Sahara Group Acquires 7 New Oil Rigs, Aims to Boost Production to 350,000 BPD Across Africa
Sahara Group, one of Africa’s leading energy and infrastructure conglomerates, is making bold moves to expand its footprint in the…
Dangote Refinery Commends Tinubu, Security Chiefs for Preventing PENGASSAN Strike Disruption
Dangote Petroleum Refinery has applauded President Bola Ahmed Tinubu and key government officials for swiftly preventing what it described as…
Nigeria Co-Creates National AI Strategy with Innovators and Startups, Says NITDA
Nigeria is charting a new course in artificial intelligence (AI) development by co-creating its national AI governance framework with innovators,…
Digital Comfort Zones: Why Gen Z Finds Belonging and Identity in Online Communities
For Gen Z, the internet isn’t just a pastime: it’s home. From TikTok and Instagram to Discord, Snapchat, and gaming…
California’s AI Safety Law SB 53 Balances Innovation and Regulation, Experts Say
California has taken a groundbreaking step in artificial intelligence oversight with the signing of SB 53, a landmark AI safety…
Nigeria’s Dele Alake Urges Africa to Industrialise Its Minerals and Build a Green Industrial Future
Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, has called on African nations to end the era of exporting…
Nigeria’s Intra-African Trade Rises by ₦610bn Amid Weak Naira, Shifting Global Ties
Nigeria’s trade with other African countries surged by ₦610 billion in the first half of 2025, reflecting a renewed push…
Tony Elumelu Foundation Donates ₦1 Billion to Empower 18,500 Nigerian Women Under Renewed Hope Initiative
In a major push for women’s economic inclusion, the Tony Elumelu Foundation (TEF) has donated ₦1 billion to the Renewed…
NGX Market Capitalisation Soars to N140.6 Trillion in September 2025, Boosted by Economic Reforms and Investor Confidence
Nigeria’s stock market surged to a record N140.6 trillion in September 2025, signaling renewed investor confidence in the nation’s capital…
Trillion-Naira Club: Top 10 Most Profitable Stocks Driving NGX Growth in Q3 2025
Nigeria’s equities market recorded an impressive 18.95% return in Q3 2025, largely driven by a powerful rally among heavyweight stocks…
French Stocks Plunge as Prime Minister Sebastien Lecornu Resigns After Just Weeks in Office
French markets opened sharply lower on Monday after Prime Minister Sebastien Lecornu unexpectedly resigned less than a month into his…
United Capital: Profit up, stock down; is the market overlooking its growth
United Capital Plc is proving to be one of the most intriguing stocks on the Nigerian Exchange (NGX) — a…
Naira Rises to ₦1,465 per Dollar as FX Inflows Strengthen and Dollar Weakens
The Nigerian naira extended its rally last week, closing at ₦1,465 per U.S. dollar at the official market, buoyed by…
Petrol Still Sells at ₦865 Despite Dangote’s Free Delivery Offer and ₦820 Supply Price
Despite Dangote Refinery’s effort to ease fuel prices nationwide by supplying petrol at ₦820 per litre without delivery costs, major…
Naira Strengthens as CBN Reforms Boost Confidence, Cut Speculation in FX Market
Nigeria’s naira is making one of its strongest comebacks in recent years, lifted by decisive Central Bank of Nigeria (CBN)…
Dangote Launches $2.5bn Fertiliser Plant in Ethiopia to Boost Africa’s Food Security
Africa’s richest man and President of the Dangote Group, Aliko Dangote, has broken ground on a $2.5 billion fertiliser plant…
Investor Panic as Nigeria’s 25% Capital Gains Tax on Equities Sparks Fears of Capital Flight
Nigeria’s capital market is reeling from fresh anxiety following confirmation that a 25% Capital Gains Tax (CGT) on share disposals…
Niger State signs multi-billion-dollar agricultural MoU with the Republic of Benin
Niger State has officially entered into a multi-billion-dollar Memorandum of Understanding (MoU) with the Republic of Benin to enhance agricultural…
CBN Pledges Clean Naira Notes, Boosts Economic Stability at Abuja Trade Fair
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to ensuring the availability of clean and well-mixed currency notes,…
Renaissance Aims to Boost Nigeria’s Oil Production Above 2 Million BPD with Shell Onshore Takeover
Nigeria’s oil production could soon surge past the two million barrels per day (bpd) milestone, as Renaissance, the new owner…
Lagos Hosts ICT Commissioners Roundtable, Driving National Digital Economy and Innovation Collaboration
Lagos State recently became the epicenter of innovation in Nigeria as it hosted the ICT Commissioners Roundtable during GITEX, drawing…