Tinubu to Sign National Digital Economy Bill into Law This Week, Boosting Nigeria’s $1 Trillion Growth Vision
President Bola Ahmed Tinubu is set to sign the National Digital Economy and E-Governance Bill 2025 into law this week,…
Month: November 2025
European Stocks Rise as Swiss Shares Surge on Hopes of U.S. Tariff Reduction
European markets extended their gains on Tuesday as optimism grew over a possible reduction in U.S. tariffs, lifting investor sentiment…
ASO Savings Leads Gainers as Nigerian All-Share Index Falls Below 149,000 Points
The Nigerian stock market closed lower on Monday, November 10, as the All-Share Index (ASI) slipped by 742.91 points to…
Nigerian Companies Announce Q3 2025 Dividends Totaling N234.9 Billion
Nigeria’s equity market saw a strong wave of dividend announcements in the third quarter of 2025, with twelve companies listed…
Experts Urge Productive Investments as Key to Nigeria’s Eurobond Repayment
Nigeria’s recent $2.35 billion Eurobond issuance, its largest in four years, has reignited discussions on the country’s debt sustainability and…
Nigeria’s FX Inflows Hit Five-Month High as Investor Confidence Surges
Nigeria’s foreign-exchange (FX) market recorded a remarkable rebound in October, reaching a five-month high as both foreign and domestic investors…
Nigeria Debt Hits N91.99 Trillion as Investors Brace for Higher Interest Rates
Nigeria’s total debt surged to N91.99 trillion last week as investors sold off bonds and Treasury bills in anticipation of…
Tinubu Orders Siemens Energy to Upgrade Major Power Substations to Three Phases
President Bola Tinubu has directed Siemens Energy to expand Nigeria’s major power substations from two to three phases, signaling a…
LemFi Esewa Remittance Partnership Approved by Nepal Central Bank to Boost Money Transfer
LemFi, through RightCard Payment Services Limited, has secured approval from Nepal Rastra Bank, the Central Bank of Nepal, to partner…
Nigeria Crude Oil Earnings Drop by N824.66 Billion in 2024 Despite Revenue Growth
Nigeria’s crude oil and gas sector experienced a significant decline in profitability in 2024, with gross earnings falling by N824.66…
AI in Africa: How Kora’s Sundown Sessions is Shaping the Continent’s Digital Future
Lagos recently played host to a landmark event that is sparking conversations about Africa’s digital future. Kora, a leading payment…
French Tech Startups Raise €6 Billion in 2025 Amid Growing Global Innovation
French tech startups have achieved a remarkable milestone in 2025, raising €6 billion from January to September, driven by growth…
Nigerian Stocks Fall as Profit-Taking Wipes Out ₦471.99bn — NGX Opens Week on Bearish Note
The Nigerian stock market opened the week on a bearish note, with the Nigerian Exchange Limited (NGX) recording a ₦471.99bn…
European Stocks Rise as U.S. Government Shutdown Nears Resolution
European markets opened higher on Tuesday as hopes grew that the prolonged U.S. government shutdown could soon be over. The…
Crucial Things to Consider When Buying Shares in Nigeria’s Stock Market
Investing in stocks remains one of the most powerful ways to build wealth, but it requires strategy, discipline, and knowledge.…
Dangote Refinery’s Price Slash May End Petrol Imports in Nigeria as Marketers Shift Focus to Local Supply
Nigeria’s petroleum market is bracing for a major shift as marketers consider halting petrol imports following a fresh price cut…
Nigerian Banks Earn Record N14.7tn Interest Income in Nine Months Amid High-Rate Economy
Nine of Nigeria’s biggest banks collectively earned a staggering ₦14.7 trillion in interest income between January and September 2025, according…
Lagos State Launches N214.8bn Bond to Fund Infrastructure and Green Projects
Lagos State has officially launched a dual bond offering worth N214.8 billion, marking its largest capital market move to date.…
European Markets Rally as U.S. Government Shutdown Hopes Boost Investor Confidence
European markets opened sharply higher on Monday, driven by growing optimism that a U.S. government shutdown could soon end. The…
Nigeria Seeks $500 Million World Bank Loan to Boost MSME Financing
The Federal Government of Nigeria has formally requested a $500 million loan from the World Bank to improve financing for…
Dollar Inflows Into Nigeria Jump 62% in October, Boosting Investor Confidence
Nigeria’s foreign exchange market recorded a major rebound in October as total dollar inflows into Nigeria climbed by 62.2 percent…
Nigeria, IMF Strengthen Partnership on Economic Reforms and 2026–2030 Growth Plan
Nigeria has reaffirmed its commitment to evidence-based policymaking and inclusive economic transformation as the global economy pivots toward reform-driven growth.…
Nigeria’s Crude Oil Earnings Plunge 43% Despite Production Rebound
Nigeria’s crude oil and gas profits dropped sharply by 43 per cent in 2024, falling to ₦1.08 trillion from ₦1.9…
HEDA Urges Tinubu to Suspend 15% Fuel Import Tariff Amid Worsening Economic Hardship
The Human and Environmental Development Agenda (HEDA Resource Centre) has urged President Bola Ahmed Tinubu to suspend the implementation of…
Meta Earns $7 Billion Annually from Scam Ads, Internal Report Reveals
Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, is under fire following revelations that it earns an…
OpenAI Urges Expansion of Chips Act Tax Credit to Support AI Data Centers
OpenAI is pushing the federal government to expand the Chips Act’s tax incentives beyond semiconductor manufacturing to support AI infrastructure,…
Nigeria’s Crude Oil Earnings Plummet 43% Despite Rising Production in 2024
Nigeria’s earnings from crude oil and gas sales plunged by 43% in 2024, even as production increased, highlighting persistent fiscal…
Dollar Weakens on Hopes of U.S. Government Shutdown Ending Soon
The U.S. dollar weakened on Monday as investor optimism grew over a potential end to the prolonged government shutdown. The…
FG Exceeds 2025 Borrowing Target by 55.6%, Raising Debt Sustainability Concerns
The Federal Government of Nigeria has borrowed N17.36 trillion from domestic and foreign sources in the first ten months of…
Nigeria, IMF Strengthen Partnership on 2026–2030 Economic Reforms
Nigeria is intensifying its collaboration with the International Monetary Fund (IMF) as it charts a course for robust, reform-driven economic…