Oando suspends petrol imports as Dangote raises output
Oando Plc has officially suspended its petrol importation amid the rising influence of the Dangote Refinery, which continues to reshape…
Day: November 6, 2025
Tinder to use AI to get to know users, tap into their Camera Roll photos
Tinder is betting big on artificial intelligence to revive its slowing growth. After reporting nine consecutive quarters of declining paid…
Nigeria’s AI Growth Faces Funding Crisis Despite Strong Implementation, Report Warns
Nigeria has emerged as West Africa’s frontrunner in artificial intelligence (AI) adoption and investment, but its ambitions may be derailed…
Biased Credit Ratings Cost Africa $75 Billion Annually, Experts Warn
Experts have sounded the alarm over the economic toll of biased credit ratings in Africa, revealing that the continent loses…
Nigeria’s GDP Forecast to Grow 3.7% in Q4 2025 as Fiscal Reforms Boost Revenue and Investor Confidence
Nigeria’s economy is set to close 2025 on a positive note, with analysts projecting a 3.7% Gross Domestic Product (GDP)…
Federal Government Launches Digital Project Board to Boost Nigeria’s Equipment Leasing Industry
The Federal Government has inaugurated a ministerial project approval board to drive digital transformation in Nigeria’s equipment leasing sector. The…
Afreximbank Pushes for Stronger Trade Finance to Drive Inclusive Growth Across Africa
The African Export-Import Bank (Afreximbank) has reiterated its commitment to strengthening trade finance across the continent to unlock inclusive and…
Nigerian Stock Market Suffers N1.3 Trillion Loss as Sell Pressure Deepens
The Nigerian stock market faced another tough session as sustained sell-offs dragged the market further into negative territory. Investors continued…
Asia-Pacific Stocks Rise as AI Boom Fuels Market Rebound; Japan and Hong Kong Lead Gains
Asia-Pacific markets advanced on Thursday, echoing Wall Street’s strong performance as artificial intelligence (AI)-linked stocks bounced back following solid earnings…
Investors Lose N1.3 Trillion as Market Anxiety Deepens Amid Policy Uncertainty and Global Tensions
The Nigerian stock market took a sharp tumble on Wednesday, with investors losing a staggering N1.3 trillion in market value…
$500m Sukuk Boosts Ethical Finance Growth in Nigeria – SEC
The Securities and Exchange Commission (SEC) has announced that the approval of a $500 million international Sukuk marks a significant…
Nigeria to Invest ₦12 Billion in Digital Economy Research as Telecom Sector Sees Surge in Subscriptions
The Nigerian government has unveiled plans to invest ₦12 billion in digital economy research and telecom infrastructure, signaling a major…
Nigeria’s Non-Interest Capital Market Surges to ₦1.6 Trillion as SEC Pushes Ethical Finance Growth
Nigeria’s non-interest capital market has expanded to over ₦1.6 trillion, highlighting its increasing impact on financial inclusion and infrastructure financing.…
CBN’s Fixed Income Reform Sparks Regulatory Tension as Banks Rake In ₦4.8 Trillion from Securities
The Central Bank of Nigeria’s (CBN) plan to assume control over the nation’s fixed-income market has ignited regulatory tension within…
European Markets Struggle for Direction as Earnings Season and Rate Decisions Take Center Stage
European stock markets opened cautiously on Thursday, with investors treading carefully amid a wave of corporate earnings and upcoming central…
Nigeria’s Telecom Subscribers Hit 173 Million as Broadband Expansion Gains Momentum
Nigeria’s telecommunications industry continued its upward trajectory in the third quarter of 2025, with active phone subscriptions reaching 173.54 million…
OPEC Urges Nigeria to End Crude Exports, Focus on Local Refining and Value Creation
The Chairman of the OPEC Board of Governors for 2025, Adeyemi-Bero, has called on Nigerian oil producers to stop the…
Senate uncovers $303bn crude oil diversion under NNPC’s DSDP scheme
A forensic review conducted by consultants to the Senate Ad-hoc Committee on oil theft has uncovered staggering financial irregularities amounting…
Nigerian Eurobond oversubscribed by 400% despite Trump’s threat
The Eurobond issued yesterday was oversubscribed four times, signaling deep investor confidence despite lingering geopolitical tension from Trump’s threat. The…
Nigeria’s $2.25bn Eurobond Oversubscribed Amid Strong Investor Confidence
Nigeria has successfully returned to the international capital market with a $2.25 billion Eurobond issuance, drawing overwhelming investor demand despite…