Business Local Market Naira Strengthens to N1,470/$ Amid Rising Forex Reserves as U.S. Dollar Index Gains November 28, 2025 Ekemini Uba The Nigerian Naira showed mixed performance on Friday as it strengthened slightly in the unofficial market while softening in the official trading windows. In the parallel market, the Naira appreciated…
Business Energy Local NNPC Boosts Investment in Dormant Refineries to N2.92tn Amid Ongoing Revival Plans November 28, 2025 Ekemini Uba The Nigerian National Petroleum Company Limited (NNPC) increased its investment in the country’s three non-operational refineries to N2.92 trillion in 2024, according to its audited financial statements. This marks a…
Business Finance Local Nigeria’s Company Income Tax Surges 40% to N2.78 Trillion in Q2 2025 November 28, 2025 Ekemini Uba Nigeria’s Company Income Tax (CIT) collections skyrocketed in the second quarter of 2025, reaching a record N2.78 trillion. The latest data from the National Bureau of Statistics (NBS) shows a…
Agriculture Business Local Dangote Group Expands Fertiliser Production with Global Partnerships in Nigeria and Ethiopia November 28, 2025 Ekemini Uba Dangote Group has launched a major expansion of its fertiliser operations in Nigeria and Ethiopia, partnering with leading global engineering and technology firms. The move aims to boost urea production…
Local Technology FIRS Announces Three-Day IT System Shutdown for Maintenance Amid Tax Changes November 28, 2025 Ekemini Uba The Federal Inland Revenue Service (FIRS) has announced a temporary shutdown of its information technology (IT) systems, affecting all online applications and infrastructure. The downtime, scheduled to run from Friday,…
Energy investment Local Nigeria Receives $21.57 Billion Boost for Clean Energy Development November 28, 2025 Ekemini Uba Nigeria and several other developing nations have received a substantial $21.57 billion for clean energy development, marking a sharp increase from the $12.14 billion allocated in 2015. The announcement was…
Business Energy Local NNPCL-Heirs Energies JV Doubles Gas Supply, Boosting Power Generation Across Eastern Nigeria November 28, 2025 Ekemini Uba Nigeria’s domestic gas supply and electricity generation have received a major boost following a landmark development by the NNPCL/Heirs Energies OML 17 Joint Venture (JV). The collaboration achieved a pioneering…
International Technology U.S. AI Startups Secure Record $100M+ Funding Rounds in 2025, Signaling Booming Tech Growth November 28, 2025 Ekemini Uba The U.S. artificial intelligence (AI) sector continues to experience unprecedented growth in 2025, as startups secure massive funding rounds to fuel innovation. So far this year, 49 AI companies have…
Business Finance Local CBN Orders Banks to Withdraw Misleading Ads to Protect Consumers November 28, 2025 Ekemini Uba The Central Bank of Nigeria (CBN) has issued a stern directive to all banks, payment service banks, and other regulated financial institutions, demanding the immediate withdrawal of any advertisement or…
Local Technology Who Owns Africa’s Data? Building Digital Sovereignty in the Age of AI November 28, 2025 Ekemini Uba As artificial intelligence advances and global tech platforms dominate, Africa faces a pressing question: who truly owns the data generated by its people? The recently concluded AI Summit in Abuja…
Business Local Market European Markets End November Mixed; Delivery Hero Surges Over 15% Amid Strategic Review November 28, 2025 Ekemini Uba European stocks closed Friday with a mixed performance as investors digested a volatile month of trading. The pan-European Stoxx 600 hovered flat in mid-morning trading in London, paring earlier gains.…
Business Local Stock Nigerian Stock Market Rebounds with N111 Billion Gain Driven by MTNN, Banking, and Insurance Sectors November 28, 2025 Ekemini Uba The Nigerian equities market staged a notable recovery on Thursday, November 27, 2025, adding N111.08 billion to its market capitalization to close at N91.1 trillion. This marks a 0.12% increase…
Business Finance Local Nigerian Stock Market Gains N111bn as Investor Optimism Returns November 28, 2025 Ekemini Uba The Nigerian equities market closed on a positive note yesterday, recording a remarkable N111 billion gain, fueled by renewed investor confidence. Share price appreciation in MTN Nigeria Communications (MTNN) Plc…
Business Finance Local CSCS Implements T+2 Settlement Cycle, Boosting Efficiency in Nigeria’s Capital Market November 28, 2025 Ekemini Uba The Central Securities Clearing System Plc (CSCS) has officially implemented the T+2 settlement cycle in Nigeria’s capital market, effective Friday, November 28, 2025. The shift from the long-standing T+3 cycle…
International investment Macroeconomic AfDB and EIB Commit $275M to Boost Mauritania Mining Railway Investment November 28, 2025 Ekemini Uba The African Development Bank (AfDB) and European Investment Bank (EIB) have joined forces in a landmark $275 million financing deal to modernise and expand Mauritania’s vital mining railway corridor. The…
Banking Business Local CBN Orders Banks to Withdraw Non-Compliant Advertisements: Ensures Consumer Protection November 28, 2025 Ekemini Uba The Central Bank of Nigeria (CBN) has issued a stern directive to Deposit Money Banks (DMBs), Payment Service Banks (PSBs), and other financial institutions to immediately withdraw all advertisements and…
Economy Finance investment Local Africa Must Turn to Private Capital as Global Aid Declines — Edun Warns November 28, 2025 Ekemini Uba Africa must increasingly rely on private capital and regional investment as global development aid continues to decline, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has…
Business International Market Asia-Pacific Stocks Mixed as Tokyo Inflation Surprises, Fueling Rate-Hike Expectations November 28, 2025 Ekemini Uba Asia-Pacific markets delivered a mixed performance on Friday as investors navigated fresh signals from Japan’s capital city and awaited India’s latest economic results. With U.S. markets pausing for Thanksgiving and…
Business Energy Local NNPCL’s N17.5tn Pipeline Security Spending Sparks Audit Demands in 2024 Financial Review November 28, 2025 Ekemini Uba Nigeria’s national oil company, the Nigerian National Petroleum Company Limited (NNPCL), has revealed that the Federation owes it an extraordinary N17.5tn for pipeline protection, fuel pricing stability, and broader energy-security…
Business Local Market SEC Orders Full Registration of All Tradable Instruments by January 2026 November 28, 2025 Ekemini Uba The Securities and Exchange Commission (SEC) has issued a firm directive to all Capital Market Operators, requiring them to declare their compliance status and ensure that every tradable instrument under…
Business investment Local Kalahari Cement Secures Majority Stake in EAPC Through NSSF Deal November 27, 2025 Ekemini Uba Kalahari Cement has taken a major step in expanding its footprint in East Africa by acquiring a 27% equity stake in East African Portland Cement Plc (EAPC) from the National…
Business investment Local EABL Raises KSh 16.7 Billion in Oversubscribed Bond Listing on Nairobi Securities Exchange November 27, 2025 Ekemini Uba East African Breweries Plc (EABL) has successfully listed the first tranche of its Medium-Term Note (MTN) Programme on the Nairobi Securities Exchange (NSE), raising KSh 16.76 billion. The issuance, part…
Business Local Macroeconomic Ghana’s Public Debt Hits GH¢684.6bn in Q3 2025 Despite Strong Year-Long Decline November 27, 2025 Ekemini Uba Ghana’s public debt rose to GH¢684.6 billion in the third quarter of 2025, marking an increase of GH¢71.6 billion compared to the previous quarter, according to new data from the…
Business International Technology GM Faces Major Tech Leadership Shakeup as New Product Chief Restructures Software Division November 27, 2025 Ekemini Uba General Motors is undergoing a significant shakeup inside its technology leadership ranks, with three senior executives departing in just one month. The exits come as GM’s newly appointed chief product…
Local Technology Coinbase Ventures unveils nine priority sectors for 2026 as crypto VC funding hits $4.65bn November 27, 2025 Ekemini Uba Coinbase Ventures has unveiled nine key investment sectors it believes will define the next wave of blockchain innovation in 2026. The announcement comes at a time when global crypto venture…
Business Energy Local Dangote Refinery Denies Claims of Exporting Off-Spec Diesel Amid Rising Quality Concerns November 27, 2025 Ekemini Uba Dangote Refinery has firmly denied allegations that it exported off-specification diesel to European markets, following reports that buyers were rejecting shipments over quality issues. The clarification comes after an Argus…
Business Energy Local GenCos Set to Gain Foreign Exchange from West Africa Power Pool Amid Market Shifts November 27, 2025 Ekemini Uba Nigerian power generation companies (GenCos) are poised to reap foreign exchange (FX) benefits through participation in the West Africa Power Pool (WAPP), following recent shifts in the domestic electricity market.…
investment Local Macroeconomic CBN Corridor Shift Sparks Broad Yield Decline Across Nigerian Financial Markets November 27, 2025 Ekemini Uba Nigeria’s financial markets have responded sharply to the Central Bank of Nigeria’s (CBN) recent adjustment of its monetary policy corridor, with yields falling across both money and bond markets. Although…
Business Finance Local First Ally Capital Invests N2bn in First Holdco Shares Amid Rising Market Confidence November 27, 2025 Ekemini Uba First Ally Capital Limited, an investment firm linked to Ebenezer Olufowose, chairman of First Bank of Nigeria Limited, has deepened its stake in First Holdco Plc with a fresh N2…
Business Local Stock BUA Cement, Cadbury Sell-Offs Drag Nigerian Exchange by N444bn November 27, 2025 Ekemini Uba Sell-offs in major stocks, including BUA Cement (-4.76%), Cadbury (-9.92%), and Meyer (-9.91%), sent shockwaves through the Nigerian Exchange Limited (NGX) on Wednesday, wiping N444.32 billion off the market’s total…
