Naira Recovers Value Amid Renewed Market Confidence in Nigeria
Nigeria’s naira regained ground on Tuesday after a temporary slump on Monday, signaling renewed confidence in the country’s economic stability.…
Day: November 5, 2025
Apple iOS 26.1 Update Brings Better Battery Life, Stronger Privacy, and “Liquid Glass” Fixes
Apple has officially rolled out the iOS 26.1 update, its first major follow-up to iOS 26. Unlike past updates filled…
Beta Technologies IPO Raises $1 Billion as Electric Aviation Firm Soars on NYSE Debut
Beta Technologies’ stock soared in its debut on the New York Stock Exchange (NYSE) after the Vermont-based electric aviation company…
Amazon Sues Perplexity AI Over Shopping Bot “Comet” for Violating Platform Rules
Amazon has filed a federal lawsuit against Perplexity AI, marking a major escalation in the ongoing debate over artificial intelligence’s…
Nigeria’s Excess Crude Account Grows 13% in Two Years Under Tinubu’s Administration
Nigeria’s Excess Crude Account (ECA) has risen by 13 percent in the past two years, reflecting gradual fiscal recovery efforts…
Tinubu Appoints Dr. John Nwabueze as Nigeria’s First Tax Ombudsman to Strengthen Transparency and Tax Fairness
President Bola Tinubu has appointed Dr. John Nwabueze as Nigeria’s first Tax Ombudsman, marking a historic milestone in the country’s…
Empowering SMEs: The Driving Force Behind Nigeria’s Economic Transformation
The founder and convener of the Small-Scale Enterprises Lab (SSE Lab), Mrs. Desola Jimmy-Eboma, has reaffirmed that Nigeria’s economic future…
Nigeria Secures $500m World Bank Loan to Boost Agricultural Value Chains and Food Security
The Federal Government of Nigeria has sealed a $500 million loan agreement with the World Bank to strengthen agricultural value…
Tinubu Seeks ₦1.15 Trillion Loan to Bridge 2025 Budget Deficit
President Bola Ahmed Tinubu has requested Senate approval to secure a ₦1.15 trillion loan from the domestic market to finance…
NASCON, Sky Aviation Lead Market Decline as Nigerian All-Share Index Slips 0.72%
The Nigerian stock market closed on a bearish note on Tuesday, November 4, 2025, as the All-Share Index (ASI) dropped…
Investors Lose ₦858 Billion as Market Selloff Hits NGX Amid Trump’s Threat to Nigeria
The Nigerian stock market witnessed a steep decline this week as investors lost an estimated ₦858 billion in two trading…
Transcorp Achieves Record 39% Revenue Growth in Nine Months
Transnational Corporation Plc (Transcorp) has reported a remarkable 39 per cent year-on-year revenue growth, reaching ₦413.44 billion for the nine…
Top Nigerian Banks Post N4.1 Trillion Profit in Nine Months Despite Mixed Earnings — Five Lenders Lead with 37% Growth
Nigeria’s banking industry has once again showcased its resilience, as nine leading financial institutions collectively posted N4.115 trillion in profit…
European Markets Drop as Tech Stocks Lead Global Sell-Off
European markets opened lower on Wednesday as technology stocks led a widespread sell-off, reflecting growing investor concern over inflated valuations…
Nigeria’s Stock Market Slumps as Trump’s Military Threat Rattles Investors; Eurobonds Hold Steady
Nigeria’s stock market continued its downward spiral on Tuesday as investors reacted sharply to U.S. President Donald Trump’s threat of…
NNPC Targets $60 Billion Partnerships to Power Africa’s Energy Transformation by 2030
The Nigerian National Petroleum Company Limited (NNPC Ltd) has unveiled an ambitious plan to attract between $30 billion and $60…
Banks Deposit ₦3 Trillion with CBN Amid Cash Crunch as Liquidity Tightens Across Nigeria’s Financial System
Nigerian banks have increased the amount of money held with the Central Bank of Nigeria (CBN), raising total deposits at…
NNPC Plans to Raise Stake in Dangote Refinery to 20% in Bold Energy Sector Move
The Nigerian National Petroleum Company Limited (NNPC) has announced plans to raise its equity stake in the $20 billion Dangote…
15% tariff: Nigerians to pay N1tn extra for petrol yearly
Nigerians may soon face higher fuel prices as the Federal Government introduces a 15% import tariff on Premium Motor Spirit…
U.S. Military Threat Could Deepen Nigeria’s Economic Strain and Shift Ties Toward China
The recent threat by former U.S. President Donald Trump to intervene militarily in Nigeria over alleged attacks on Christians has…