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