Naira Strengthens to N1,470/$ Amid Rising Forex Reserves as U.S. Dollar Index Gains
The Nigerian Naira showed mixed performance on Friday as it strengthened slightly in the unofficial market while softening in the…
Day: November 28, 2025
NNPC Boosts Investment in Dormant Refineries to N2.92tn Amid Ongoing Revival Plans
The Nigerian National Petroleum Company Limited (NNPC) increased its investment in the country’s three non-operational refineries to N2.92 trillion in…
Nigeria’s Company Income Tax Surges 40% to N2.78 Trillion in Q2 2025
Nigeria’s Company Income Tax (CIT) collections skyrocketed in the second quarter of 2025, reaching a record N2.78 trillion. The latest…
Dangote Group Expands Fertiliser Production with Global Partnerships in Nigeria and Ethiopia
Dangote Group has launched a major expansion of its fertiliser operations in Nigeria and Ethiopia, partnering with leading global engineering…
FIRS Announces Three-Day IT System Shutdown for Maintenance Amid Tax Changes
The Federal Inland Revenue Service (FIRS) has announced a temporary shutdown of its information technology (IT) systems, affecting all online…
Nigeria Receives $21.57 Billion Boost for Clean Energy Development
Nigeria and several other developing nations have received a substantial $21.57 billion for clean energy development, marking a sharp increase…
NNPCL-Heirs Energies JV Doubles Gas Supply, Boosting Power Generation Across Eastern Nigeria
Nigeria’s domestic gas supply and electricity generation have received a major boost following a landmark development by the NNPCL/Heirs Energies…
U.S. AI Startups Secure Record $100M+ Funding Rounds in 2025, Signaling Booming Tech Growth
The U.S. artificial intelligence (AI) sector continues to experience unprecedented growth in 2025, as startups secure massive funding rounds to…
CBN Orders Banks to Withdraw Misleading Ads to Protect Consumers
The Central Bank of Nigeria (CBN) has issued a stern directive to all banks, payment service banks, and other regulated…
Who Owns Africa’s Data? Building Digital Sovereignty in the Age of AI
As artificial intelligence advances and global tech platforms dominate, Africa faces a pressing question: who truly owns the data generated…
European Markets End November Mixed; Delivery Hero Surges Over 15% Amid Strategic Review
European stocks closed Friday with a mixed performance as investors digested a volatile month of trading. The pan-European Stoxx 600…
Nigerian Stock Market Rebounds with N111 Billion Gain Driven by MTNN, Banking, and Insurance Sectors
The Nigerian equities market staged a notable recovery on Thursday, November 27, 2025, adding N111.08 billion to its market capitalization…
Nigerian Stock Market Gains N111bn as Investor Optimism Returns
The Nigerian equities market closed on a positive note yesterday, recording a remarkable N111 billion gain, fueled by renewed investor…
CSCS Implements T+2 Settlement Cycle, Boosting Efficiency in Nigeria’s Capital Market
The Central Securities Clearing System Plc (CSCS) has officially implemented the T+2 settlement cycle in Nigeria’s capital market, effective Friday,…
AfDB and EIB Commit $275M to Boost Mauritania Mining Railway Investment
The African Development Bank (AfDB) and European Investment Bank (EIB) have joined forces in a landmark $275 million financing deal…
CBN Orders Banks to Withdraw Non-Compliant Advertisements: Ensures Consumer Protection
The Central Bank of Nigeria (CBN) has issued a stern directive to Deposit Money Banks (DMBs), Payment Service Banks (PSBs),…
Africa Must Turn to Private Capital as Global Aid Declines — Edun Warns
Africa must increasingly rely on private capital and regional investment as global development aid continues to decline, Nigeria’s Minister of…
Asia-Pacific Stocks Mixed as Tokyo Inflation Surprises, Fueling Rate-Hike Expectations
Asia-Pacific markets delivered a mixed performance on Friday as investors navigated fresh signals from Japan’s capital city and awaited India’s…
NNPCL’s N17.5tn Pipeline Security Spending Sparks Audit Demands in 2024 Financial Review
Nigeria’s national oil company, the Nigerian National Petroleum Company Limited (NNPCL), has revealed that the Federation owes it an extraordinary…
SEC Orders Full Registration of All Tradable Instruments by January 2026
The Securities and Exchange Commission (SEC) has issued a firm directive to all Capital Market Operators, requiring them to declare…