Nigeria’s 2026 Tax Reform: Firms to Receive 5% Annual Tax Credit Under New Simplified Regime
Nigeria’s tax landscape is set for a major transformation as the federal government unveils a new tax regime effective January…
Month: October 2025
ChatGPT Subscription Costs to Rise in Nigeria as OpenAI Implements 7.5% VAT from November 1
Starting November 1, 2025, Nigerian users of ChatGPT will experience a price hike as OpenAI begins implementing a 7.5% Value…
NGX Kicks Off Week Strong with ₦611bn Gain as Investors Bet Big on BUA Cement and Industrial Stocks
The Nigerian Exchange Limited (NGX) started the new trading week on a bullish note as market capitalisation soared by ₦611…
Fitch Upgrades Ghana’s 2025 Growth Forecast to 4.9% Amid Economic Stability and Strong Agricultural Recovery
Fitch Solutions has raised Ghana’s 2025 economic growth forecast to 4.9%, up from its earlier projection of 4.2%, citing signs…
Naira Holds Firm at ₦1,475/$ as CBN Tightens FX Controls Amid Late-2025 Market Stability
The Nigerian naira maintained relative stability at ₦1,475 per dollar last week, reflecting the Central Bank of Nigeria’s (CBN) intensified…
NCC Blames Poor Telecom Service in Lagos and Abuja on Network Congestion, Pushes for Faster 5G Expansion
The Nigerian Communications Commission (NCC) has attributed the persistent poor quality of telecom services in Lagos, Abuja, and other major…
FG’s $2.35bn External Borrowing Plan: DMO Explains Eurobond Strategy to Boost Naira, Refinance Debt
The Federal Government’s proposed $2.35 billion external borrowing plan is a carefully balanced strategy aimed at financing the 2025 national…
Nigeria Targets 40% GDP Growth by 2030 Through AfCFTA — Government Deepens Trade, Industrial Reforms
The Federal Government has announced an ambitious plan to grow Nigeria’s Gross Domestic Product (GDP) by 40 percent by the…
Firm launches AI marketing platform to boost businesses
Northbrix, the parent company of CyBrixTeam.ai, has officially launched what it calls the world’s first Agentic Integrated Marketing Environment (IME)…
European Markets Set to Rise as Defense Stocks Surge and UK Borrowing Data Released
European stock markets are poised to open higher on Tuesday, extending gains seen at the start of the week. London’s…
CBN’s 24–48 Hour ATM Refund Rule Gets Strong Backing from Customers’ Group
The Bank Customers Association of Nigeria (BCAN) has voiced strong support for the Central Bank of Nigeria’s (CBN) proposed guidelines…
Fintech Innovator Qore Drives Digital Transformation for Nigeria’s Microfinance Banks
Nigeria’s microfinance sector is celebrating 20 years of empowering small businesses, entrepreneurs, and low-income households with access to essential financial…
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…
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…