Business Energy Local Cooking Gas Price Surge Threatens Nigeria’s Clean Energy Transition Goals October 30, 2025 Ekemini Uba The sharp and persistent surge in cooking gas prices across Nigeria is endangering the country’s clean energy transition agenda. With prices climbing to as high as ₦3,000 per kilogram in…
Business Energy Local Seplat Energy’s $1.1 Billion Earnings Surge in Nine Months, Driven by Mobil Acquisition October 30, 2025 Ekemini Uba Seplat Energy Plc has delivered one of its strongest financial performances to date, reporting Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) of $1.1 billion for the first nine months…
Local Technology NCC Partners with Swedfund to Secure Nigeria’s 5G Future and Strengthen Cyber Resilience October 30, 2025 Ekemini Uba The Nigerian Communications Commission (NCC) has signed a landmark partnership with Swedfund, Sweden’s Development Finance Institution, to bolster the security and reliability of Nigeria’s 5G network infrastructure. The collaboration aims…
International Technology Nvidia becomes first US public firm to reach $5 Trillion valuation boosted by A.I. Boom October 30, 2025 Ekemini Uba Nvidia has made history by becoming the first U.S. publicly traded company to reach a $5 trillion market valuation, marking a defining moment in the global technology industry. The milestone…
Business Finance Local Economists Urge CBN to Introduce ₦10,000 and ₦20,000 Notes to Restore Naira’s Value October 30, 2025 Ekemini Uba Nigeria’s weakening currency may soon require a major policy rethink, as a new report by Quartus Economics has urged the Central Bank of Nigeria (CBN) to introduce higher-value naira notes…
Business International Market October 30, 2025 Ekemini Uba European stock markets opened in negative territory on Thursday as investors braced for a packed day of economic updates, major corporate earnings, and the European Central Bank’s latest policy decision.…
Local Technology NITDA Urges States to Drive Nigeria’s 70% Digital Literacy Target by 2027 October 30, 2025 Ekemini Uba The National Information Technology Development Agency (NITDA) has urged state governments to play a more active role in achieving Nigeria’s 70 percent digital literacy target by 2027. The agency’s Director-General,…
Business Energy Local World Bank Forecasts Sharp Decline in Global Commodity Prices as Oil Surplus Expands October 30, 2025 Ekemini Uba Global commodity prices are projected to drop to their lowest levels in six years by 2026, extending a four-year slump, according to a new World Bank report released on Wednesday.…
Business Local Market NGX Group Market Capitalisation Soars 37.7% to ₦141.75 Trillion Amid Rising Investor Confidence October 30, 2025 Ekemini Uba The Nigerian Exchange Group (NGX) has reported a significant 37.7% growth in its market capitalisation, climbing to ₦141.75 trillion as of September 2025 from ₦102.94 trillion recorded in the same…
Business Energy Local NUPRC Urges Bank of America to Prioritize Funding Nigeria’s Oil Sector Growth October 29, 2025 Ekemini Uba The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on the Bank of America and other major financial institutions to give greater priority to funding Nigeria’s oil and gas sector.…
Business Energy Local Energy Leaders Push for Policy Harmony to Boost Africa’s Oil and Gas Integration October 29, 2025 Ekemini Uba At the 19th Oil Trading and Logistics (OTL) Africa Downstream Energy Week 2025 in Lagos, regulators and industry leaders across Africa renewed calls for stronger regional collaboration, regulatory harmonisation, and…
Business Energy Local FG Secures ₦700 Billion to Deploy 1.1 Million Electricity Meters by December 2025 October 29, 2025 Ekemini Uba The Federal Government has announced it has secured about ₦700 billion from the Federation Account Allocation Committee (FAAC) to deploy 1.1 million electricity meters across Nigeria by December 2025. Minister…
International Technology Memento Labs CEO Confirms Spyware Misuse by Government Client After Kaspersky Uncovers “Dante” Malware October 29, 2025 Ekemini Uba The CEO of Italian surveillance technology company Memento Labs, Paolo Lezzi, has confirmed that one of its government customers was responsible for deploying an outdated version of its Dante spyware,…
Business International Market U.S. Stock Futures Hold Steady as Investors Await Fed Rate Cut Decision October 29, 2025 Ekemini Uba U.S. stock futures traded mostly unchanged Tuesday night as investors awaited the Federal Reserve’s key interest rate decision. The Dow Jones Industrial Average slipped by 33 points, or 0.07%, while…
Business Finance Local NGX Group Market Capitalisation Soars 37.7% to ₦141.75 Trillion as Investor Confidence Deepens October 29, 2025 Ekemini Uba The Nigerian Exchange Group (NGX Group) has posted a remarkable 37.7 per cent surge in market capitalisation, rising to ₦141.75 trillion as of September 2025 from ₦102.94 trillion recorded during…
Business Local Technology Nigerian tech graveyard expands as multi-million dollar startups fold October 29, 2025 Ekemini Uba Nigeria’s once-vibrant tech startup scene is witnessing a wave of shutdowns, as several high-profile, venture-backed firms close operations despite having raised millions of dollars. The trend signals a harsh reality…
Business Local ‘Operations not affected’ — Nestoil says it’s resolving debt issue with lenders October 29, 2025 Ekemini Uba Nestoil Group says the enforcement action against the company’s asset does not affect operations. Earlier, police sealed off the corporate headquarters of Nestoil Limited in Victoria Island, Lagos, after the…
International Technology PayPal and OpenAI Join Forces to Bring Digital Wallet Payments to ChatGPT Users October 29, 2025 Ekemini Uba PayPal has officially partnered with OpenAI to integrate its digital wallet into ChatGPT, creating a new way for users to shop and pay for products directly through the AI platform.…
Business Local Technology MTN Fintech Wins Regional Award for Advancing Digital Literacy and Financial Inclusion Across Africa October 29, 2025 Ekemini Uba MTN Group Fintech has achieved a historic milestone by winning the first-ever Regional Platform Business Award at the Y’ello Care Awards 2025, recognizing its exceptional role in promoting digital literacy…
Banking Business Local Ghana’s Banking Sector Profit Surges 46% in 2025, Signaling Strong Economic Recovery October 29, 2025 Ekemini Uba Ghana’s banking sector has recorded an impressive performance in 2025, with profit-after-tax soaring by 46.1% to GH¢9.7 billion in the first eight months of the year, compared to GH¢6.7 billion…
Business Economy Local Nigeria Targets $1 Trillion Economy by 2030, Says Minister Bagudu October 29, 2025 Ekemini Uba The Federal Government has reiterated its confidence in achieving President Bola Tinubu’s ambitious goal of transforming Nigeria into a $1 trillion economy by 2030. The Minister of Budget and Economic…
Agriculture Business Local Nigeria Partners World Bank, Norway to Boost Aquaculture and Fisheries Development October 29, 2025 Ekemini Uba The Federal Government of Nigeria has unveiled plans to collaborate with the World Bank, research institutions, and coastal communities to advance innovation and sustainable growth in the nation’s fisheries and…
Business investment Local FGN Bonds Oversubscribed by 307% in October as Investor Confidence Soars October 29, 2025 Ekemini Uba Nigeria’s Federal Government Bonds (FGN Bonds) recorded a massive 307.6% oversubscription at the October 2025 auction, reflecting renewed investor confidence in government securities. The Debt Management Office (DMO) disclosed this…
International Technology How Artificial Intelligence Is Reshaping the Future of Music and Religion — Researcher Robinson Isichei Leads Global Conversation October 29, 2025 Ekemini Uba Artificial Intelligence is redefining how people connect with music and faith, and one researcher is leading that conversation. Independent scholar, cleric, and former banker Robinson Ogochukwu Isichei, known as Roi,…
Business Economy Local CBN Clarifies $1.25bn Q1 Oil Sector FX Transactions, Says No Direct Intervention October 29, 2025 Ekemini Uba The Central Bank of Nigeria (CBN) has clarified that the reported $1.25 billion spent on oil sector imports in the first quarter of 2025 does not represent any form of…
Business Energy Local NNPCL Launches Strategic Infrastructure Projects to Boost Nigeria’s Oil and Gas Growth October 29, 2025 Ekemini Uba The Nigerian National Petroleum Company Limited (NNPCL) has unveiled a major strategic infrastructure development plan aimed at strengthening Nigeria’s oil and gas value chain. The initiative aligns with the government’s…
Business International Market European Stocks Slip Ahead of Fed Rate Decision as Investors Eye Powell’s Comments and Tech Earnings October 29, 2025 Ekemini Uba European stocks are poised to open lower on Wednesday as investors tread cautiously ahead of the U.S. Federal Reserve’s much-anticipated interest rate decision. Market sentiment remains subdued, with traders awaiting…
Local Politics Technology Sanwo-Olu gets recognition for promoting digital engagement October 29, 2025 Ekemini Uba Lagos State Governor, Babajide Sanwo-Olu, has been recognised for his exceptional contributions to digital engagement and media innovation in Nigeria. The acknowledgment came from the organisers of the Bodex Social…
Business Energy Local Gas Marketers Set 6 Million-Tonne LPG Supply Target, Forecast Price Drop as Local Production Rises in Nigeria October 29, 2025 Ekemini Uba Nigeria’s Liquefied Petroleum Gas (LPG) marketers have announced plans to boost the nation’s annual gas supply to six million metric tonnes, as part of a broader push to expand clean…
Breaking Business Local BREAKING: Banks place Nestoil under receivership over $1bn debt October 28, 2025 Ekemini Uba Police have sealed off the corporate headquarters of Nestoil Limited in Victoria Island, Lagos, after the company was placed under receivership by a consortium of lenders over a reported $1…
