Improved Security and Economic Reforms Attract $8 Billion in Energy Investments — CBN Governor Cardoso
Nigeria’s drive toward economic stability is paying off, with more than $8 billion in new energy investments flowing into the…
Month: October 2025
High Interest Rates Push 51% of Nigeria’s Informal Businesses Away from Loans
Rising interest rates and tougher lending conditions are discouraging more Nigerian informal businesses from taking loans, according to the 2025…
Climate risks expose West African insurers to $50bn yearly losses
Climate change, once a distant environmental concern, has now become an urgent financial crisis for West Africa’s insurance industry. At…
Nigeria Inches Closer to 15% Inflation Target as September Rate Drops to 18%
Nigeria is showing signs of easing inflationary pressures, with the latest data from the National Bureau of Statistics (NBS) revealing…
Fola Tinubu to Chair Lagos Transport Summit on Innovation and Sustainable Infrastructure
The Managing Director of Primero Transport Services Limited, Fola Tinubu, has been announced as the Chairman of the inaugural JustAlive…
Governor Seyi Makinde Unveils Oyo’s AfCFTA Strategy to Boost Trade, Create Jobs, and Drive Economic Growth
Oyo State Governor Seyi Makinde has reaffirmed his administration’s commitment to unlocking economic prosperity and sustainable development through the African…
NNPC Stresses Strategic Partnerships as Key Driver for Nigeria’s Downstream Oil Sector Growth
The Nigerian National Petroleum Company Limited (NNPCL) has reaffirmed that forming strong strategic alliances is critical to driving growth, sustainability,…
FG Launches CNG Vehicle Monitoring System to Boost Safety and Investment in Gas Sector
The Federal Government has officially launched the Nigerian Gas Vehicle Monitoring System (NGVMS) — a new digital oversight platform designed…
Nigeria Launches AI Training for Civil Servants with Google Support to Boost Digital Governance
Nigeria has kicked off a major initiative to train its civil servants in artificial intelligence (AI), marking a new phase…
CBN Governor Cardoso Urges Fintech CEOs to Pair Innovation with Strong Governance
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called on leaders of Nigeria’s fast-growing fintech sector to…
The real reason Google DeepMind is working with a fusion energy startup
In a groundbreaking move that could reshape the future of clean energy, Google DeepMind has partnered with Commonwealth Fusion Systems…
Nigeria’s Inflation Drops to 18.02% — Lowest in Three Years as CBN’s Tight Policies Pay Off
Nigeria’s inflation rate has fallen to 18.02% in September 2025, the lowest level in three years, according to fresh data…
Global Leaders Urge Fairer Economic Deals and Cooperation to Rebuild Global Growth
As the world grapples with rising fragmentation and mistrust, global economic leaders have called for urgent reforms to rebuild the…
Nigeria Records First Food Price Drop in Over 13 Years as Inflation Eases Sharply
Nigeria’s inflation story took a surprising turn in September 2025, as the country recorded its first month-on-month food deflation in…
Nigerian Stocks Hit Record 148,000 Points as NSLTECH, Sterling Drive Bullish Momentum
The Nigerian stock market continued its bullish run on Wednesday, October 16, 2025, as the All-Share Index (ASI) soared beyond…
Bulls Dominate Nigerian Stock Market as Investors Drive N389 Billion Rally
The Nigerian stock market extended its bullish momentum on Thursday, gaining N389 billion in market value as investors continued to…
Nigeria’s Oil Output Reaches 454 Million Barrels in Nine Months Despite Operational Setbacks
Nigeria’s crude oil and condensate production climbed to 454.28 million barrels between January and September 2025, according to the latest…
CBN Charts Nigeria’s Economic Future in Washington, Targets 7% Growth by 2028
Nigeria’s economic leadership took the global stage in Washington, DC, this week, unveiling a bold and data-driven roadmap toward sustained…
AI Boom Fuels $1 Billion Data Center Race in Nigeria as Tech Giants Bet on Africa’s Digital Future
Nigeria is fast becoming the next battleground for global tech giants racing to build the infrastructure powering artificial intelligence. The…
Dollar Weakens as Fed Rate Cut Expectations Grow Amid U.S. Shutdown and Trade Tensions
The U.S. dollar continued its downward slide on Friday, pressured by renewed trade tensions, a prolonged government shutdown, and growing…
Petrol Prices Surge to N1,000 Despite Cheaper Crude and Stronger Naira: What Nigerians Need to Know
Nigerians are facing a new shock at the fuel pump as petrol prices jump from around N865 per litre to…
Dangote Refinery Targets 600 Million Litres Monthly to Ease Petrol Shortages in Nigeria
Independent petroleum marketers have confirmed that the Dangote Petroleum Refinery is set to release up to 600 million litres of…
Nigeria Missing from Africa’s Fastest-Growing Economies List, Says IMF
Nigeria has been notably absent from the International Monetary Fund’s (IMF) list of Africa’s fastest-growing economies, with countries such as…
Nigeria’s External Reserves Surge to $43.4bn as CBN Pledges Continued Economic Reforms
Nigeria’s external reserves have reached a five-year high of $43.4 billion, signaling a major boost in the country’s financial stability.…
Africa Can Unlock $4 Trillion in Domestic Capital Through Trust, Accountability, and AI – Tony Elumelu
Africa has the potential to mobilize over $4 trillion in domestic capital, but unlocking this wealth requires trust, accountability, and…
Nigerian Stock Market Rebounds with N20 Billion Gain as Investors Return
The Nigerian stock market reversed a brief downturn on Wednesday, posting a modest gain of N20 billion for investors. The…
Nigeria Turns to Locally-Mined Gold to Boost Foreign Reserves and Strengthen Economy
The Federal Government of Nigeria has unveiled a strategic initiative to strengthen the country’s foreign reserves by purchasing locally-mined gold,…
Cardoso: Naira now more competitive globally after economic reforms
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has announced that the Naira is now “more competitive”…
Nigeria Targets 600,000 Barrels Daily Boost as NUPRC Approves $18.2bn Oil Projects
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that fresh oil and gas investments in 2025 could add up…
South Korea Nears Decision on Google, Apple 1:5,000 High-Resolution Map Exports — Security, Sovereignty at Stake
South Korea is edging toward a high-stakes decision on whether to permit Google and Apple to export high-resolution geographic map…