Africa’s Solar Potential Underutilized as EU Mobilizes €15.5 Billion for Renewable Energy
Africa is home to 60% of the world’s best solar resources, yet it receives a mere 2% of global energy…
Day: November 24, 2025
Lontor Hi-Tech Drives Sustainable Energy Growth with N1.2 Billion Investment
Lontor Hi-Tech Development Company has reinforced its commitment to sustainable energy and smart living with a N1.2 billion investment in…
FG Accelerates Digitalisation with Humanitarian Ministry’s Adoption of 1Government Cloud
The Federal Ministry of Humanitarian Affairs and Poverty Reduction has officially gone live on the 1Government Cloud Enterprise Content Management…
Trump Administration Pauses State AI Regulation Crackdown Amid Growing Opposition
The Trump administration appears to be stepping back from its aggressive stance against state-level AI regulation. President Trump had recently…
Nigeria’s Tax Reform Push: How VAT, Free Zones and Capital Gains Changes Aim to Rebuild Fiscal Fairness
Nigeria’s push to rebuild fiscal fairness is reshaping how businesses, investors and everyday citizens experience taxation. After decades of oil-dependence,…
EU Launches €30M Cultural Partnership to Empower Nigerian Creatives
The European Union has unveiled a €30 million cultural empowerment initiative aimed at boosting Nigeria’s creative sector and strengthening Africa–Europe…
LASG to Invest N244.82 Billion Bond Proceeds in Key Sectors for Sustainable Growth
Lagos State Government (LASG) has unveiled plans to strategically deploy the proceeds from its latest bond issuance, totaling N244.82 billion,…
NGX Loses N6.4 Trillion as Investor Anxiety and Geopolitical Tensions Weigh on Market
The Nigerian stock market has posted three consecutive weeks of losses, shedding over N6.4 trillion in market capitalisation as heightened…
Investor Demand for T-Bills Weakens as Treasury Falls 23% Short of Target
Investor appetite for T-Bills continued to weaken last week, leading to another undersubscription at the government’s latest auction. Despite the…
ChatGPT Lawsuits Highlight Risks of AI Encouraging Isolation and Mental Health Crises
In recent weeks, a wave of lawsuits has been filed against OpenAI, alleging that its AI chatbot, ChatGPT, played a…
Audit Reveals N61 Billion in Payment Breaches at NNPC Ltd
The Office of the Auditor-General for the Federation has uncovered major financial irregularities at the Nigerian National Petroleum Company Limited…
FTN Cocoa, Unity Bank Shine as Nigerian Stocks Rally Amid Bearish Market – Week Ending Nov 21, 2025
The Nigerian stock market closed the week ending November 21, 2025, under bearish pressure, shedding 3,290.97 points to settle at…
Nigeria Sees Surge in Petrol Shipments After Government Suspends Import Duty
Nigeria has recorded a significant surge in petrol shipments following the Federal Government’s decision to delay the implementation of a…
IMF Warns Rising Domestic Borrowing Increases Banks’ Debt Risks in Africa
The International Monetary Fund (IMF) has raised concerns that the surge in domestic borrowing across African nations is heightening the…
Nigeria’s SEC Implements T+2 Settlement Cycle to Boost Capital Market Efficiency
The Securities and Exchange Commission (SEC) has announced that Nigeria’s capital market will transition to a T+2 settlement cycle for…
Stockbrokers Call for Technology-Driven Reforms to Transform Nigeria’s Capital Market
The Chartered Institute of Stockbrokers (CIS) has outlined strategic recommendations aimed at accelerating the transformation of Nigeria’s capital market. Speaking…
Startups and SMEs Urged to Embrace Debt Market Financing for Sustainable Growth
Nigerian startups and small-to-medium enterprises (SMEs) are being encouraged to rethink traditional fundraising strategies and embrace debt market financing as…
European Stocks Rise as Global Markets Rally on Renewed Fed Rate-Cut Hopes
European stocks are set to open the week on a strong note, buoyed by a wave of optimism sweeping across…
States Accumulate ₦1.06tn Debt Despite Record 2024 Revenue Inflows
Despite receiving unprecedented federal allocations in 2024, Nigerian states accumulated a combined ₦1.06tn in unpaid contractor, pension, and gratuity arrears,…
Naira Weakens to ₦1,456.72/$ Amid Rising FX Demand Despite Growing Reserves
The naira closed the week on a weaker note as pressure in the foreign exchange market pushed the currency down…