Banking Business Local Top Nigerian Banks Post N4.1 Trillion Profit in Nine Months Despite Mixed Earnings — Five Lenders Lead with 37% Growth November 5, 2025 Ekemini Uba Nigeria’s banking industry has once again showcased its resilience, as nine leading financial institutions collectively posted N4.115 trillion in profit after tax (PAT) during the first nine months of 2025.…
Business International Market European Markets Drop as Tech Stocks Lead Global Sell-Off November 5, 2025 Ekemini Uba European markets opened lower on Wednesday as technology stocks led a widespread sell-off, reflecting growing investor concern over inflated valuations in the global tech sector. The pan-European Stoxx 600 index…
Business International Market Nigeria’s Stock Market Slumps as Trump’s Military Threat Rattles Investors; Eurobonds Hold Steady November 5, 2025 Ekemini Uba Nigeria’s stock market continued its downward spiral on Tuesday as investors reacted sharply to U.S. President Donald Trump’s threat of possible military action against the country over alleged human rights…
Business Energy Local NNPC Targets $60 Billion Partnerships to Power Africa’s Energy Transformation by 2030 November 5, 2025 Ekemini Uba The Nigerian National Petroleum Company Limited (NNPC Ltd) has unveiled an ambitious plan to attract between $30 billion and $60 billion in strategic investments by 2030 to boost Africa’s energy…
Banking Business Local Banks Deposit ₦3 Trillion with CBN Amid Cash Crunch as Liquidity Tightens Across Nigeria’s Financial System November 5, 2025 Ekemini Uba Nigerian banks have increased the amount of money held with the Central Bank of Nigeria (CBN), raising total deposits at the apex bank’s Standing Deposit Facility (SDF) to around ₦3…
Business Energy Local NNPC Plans to Raise Stake in Dangote Refinery to 20% in Bold Energy Sector Move November 5, 2025 Ekemini Uba The Nigerian National Petroleum Company Limited (NNPC) has announced plans to raise its equity stake in the $20 billion Dangote Petroleum Refinery to 20%. This move, revealed on Tuesday, marks…
Business Energy Local 15% tariff: Nigerians to pay N1tn extra for petrol yearly November 5, 2025 Ekemini Uba Nigerians may soon face higher fuel prices as the Federal Government introduces a 15% import tariff on Premium Motor Spirit (PMS), also known as petrol. According to analysis from the…
Business International investment U.S. Military Threat Could Deepen Nigeria’s Economic Strain and Shift Ties Toward China November 5, 2025 Ekemini Uba The recent threat by former U.S. President Donald Trump to intervene militarily in Nigeria over alleged attacks on Christians has sparked major economic and diplomatic concerns. According to Prof. Muhammed…
Business Economy Finance Local Nigeria’s New $11.50 Travel Tax Sparks Outcry Among Airlines and Passengers November 4, 2025 Ekemini Uba The Nigeria Civil Aviation Authority (NCAA) has announced a new $11.50 levy on all international air tickets, set to take effect in December 2025. Classified as the Advance Passenger Information…
Business Finance Local FG, Banks Target $20 Billion Diaspora Investment to Boost Nigeria’s Economy November 4, 2025 Ekemini Uba The Federal Government, in collaboration with leading banks and private investors, is intensifying efforts to channel over $20 billion in annual diaspora remittances into productive investments that will drive Nigeria’s…
Business Energy Local Femi Otedola Applauds Tinubu’s 15% Petrol and Diesel Import Tariff to Boost Local Energy Sector November 4, 2025 Ekemini Uba Billionaire businessman Femi Otedola has praised President Bola Tinubu’s recent move to impose a 15 per cent import tariff on petrol and diesel, describing it as a strategic policy to…
Business Energy Local Group urges Tinubu to halt fuel import licences November 4, 2025 Ekemini Uba The Yoruba Council Worldwide (Igbimo Apapo Yoruba L’Agbaye) has urged President Bola Ahmed Tinubu to immediately halt the issuance of petroleum import licences, citing concerns over efforts to sabotage the…
Local Technology Lagos to Digitize Telecom Permit Approvals with TIRS Platform in 2026 November 4, 2025 Ekemini Uba The Lagos State Government has announced plans to automate the approval process for telecommunication infrastructure with the upcoming launch of the Telecommunication Infrastructure Regulatory System (TIRS) in February 2026. The…
Local Technology Firm spends N45m to train educators on cybersecurity November 4, 2025 Ekemini Uba In a bold move to strengthen digital safety in Nigeria’s education sector, Levi Edu Tech has spent over ₦45 million to train 140 teachers on the fundamentals of cybersecurity and…
International Technology Elad Gil Reveals Which AI Markets Are Dominated — and Where Startups Still Have a Chance November 4, 2025 Ekemini Uba Solo venture capitalist and prominent tech investor Elad Gil says artificial intelligence remains one of the most unpredictable booms in technology history. Speaking at TechCrunch Disrupt 2025, Gil noted that…
Business International Market Bitcoin Plunge Deepens as Crypto Market Awaits U.S. Jobs Data November 4, 2025 Ekemini Uba The cryptocurrency market faced another turbulent weekend as Bitcoin slipped below the $108,000 mark, extending its recent losses. The world’s largest digital currency traded around $107,500 after a 2.2% drop,…
Business International Market Nigerian Stocks Lose ₦240bn as Investors Reprice Naira Assets After Trump’s Threat November 4, 2025 Ekemini Uba Nigeria’s stock market kicked off the week on a negative note as investors sold off naira assets following a weekend threat by U.S. President Donald Trump. The market recorded a…
Business Local Market European Markets Fall as Investors React to Earnings and UK Budget Outlook November 4, 2025 Ekemini Uba European markets fell on Tuesday as investors digested a series of corporate earnings reports and remarks from the U.K.’s Finance Minister Rachel Reeves ahead of the country’s upcoming budget. The…
Business investment Local Woodhall Capital Targets $50 Billion Global Investments to Drive Nigeria’s Economic Growth November 4, 2025 Ekemini Uba Woodhall Capital has unveiled bold plans to attract $50 billion in global investments to accelerate Nigeria’s economic development. The financial advisory firm, led by its founder, Mojisola Hunponu-Wusu, is building…
Business Local Macroeconomic Nigeria’s 2026 Tax Reforms: 50 New Exemptions to Support Low-Income Earners and Small Businesses November 4, 2025 Ekemini Uba In a major move to ease the financial strain on Nigerians, the Presidential Fiscal Policy and Tax Reforms Committee has announced 50 new tax exemptions and reliefs designed to support…
Business Economy Local IMF Says Cedi Stability Key to Ghana’s Inflation Decline in 2025 November 4, 2025 Ekemini Uba The International Monetary Fund (IMF) has credited the remarkable stability of the Ghanaian cedi as a major factor behind the country’s sharp drop in inflation this year. After a turbulent…
Business Local Technology Tech Firms Target Nigeria’s Insurance Market with Fintech-Driven Insurtech Revolution November 4, 2025 Ekemini Uba Nigeria’s insurance industry is entering a new digital era as technology firms seek approval from the National Insurance Commission (NAICOM) to distribute insurance products through fintech-inspired Insurtech platforms. Companies such…
Business Energy Local NLC Warns 15% Fuel Import Duty Could Trigger Petrol Price Manipulation in Nigeria November 4, 2025 Ekemini Uba The Nigeria Labour Congress (NLC) has warned that the federal government’s newly approved 15 per cent import duty on petrol and diesel could have unintended consequences for consumers if not…
Business International Genocide: US military threat weakens investors’ confidence, Naira – CPPE November 4, 2025 Ekemini Uba The Centre for the Promotion of Private Enterprise has said that the recent threat by the United States of America, President Donald Trump, of a possible military invasion over alleged…
Business investment Local Stock Market Investors Gain ₦7.25 Trillion in October Despite Weekly Profit-Taking Pressure November 4, 2025 Ekemini Uba Investors on the Nigerian Exchange Limited (NGX) recorded massive gains of over ₦7.25 trillion in October 2025, pushing the total market capitalization to ₦97.83 trillion, up from ₦90.58 trillion in…
Business Local Macroeconomic Nigeria’s Inflation Set to Fall to 15.84% as Bumper Harvest Eases Food Prices – Stanbic IBTC November 4, 2025 Ekemini Uba Nigeria’s headline inflation rate is projected to drop sharply to 15.84% in October, down from 18.02% in September, thanks to easing food prices during the country’s main harvest season. According…
Business International Macroeconomic Dollar Hits Three-Month High as Traders Scale Back Rate-Cut Bets Amid Fed Divide November 4, 2025 Ekemini Uba The U.S. dollar held steady on Tuesday, hovering near a three-month high as traders pared back expectations for near-term interest rate cuts following a split Federal Reserve. Investors are also…
Business Finance International Naira and Nigerian Stocks Slide After Trump Threat of Military Action November 4, 2025 Ekemini Uba Nigeria’s financial markets opened November 2025 under pressure as the naira and equities fell sharply following remarks by US President Donald Trump threatening possible military action over alleged religious persecution…
Banking Business Local Standard Chartered deepens commitment to Nigeria; Confirms compliance with the CBN’s N200 Billion minimum capital requirement November 3, 2025 Ekemini Uba Standard Chartered Bank Nigeria Limited has successfully met the Central Bank of Nigeria’s (CBN) N200 billion minimum capital requirement for national commercial banks, ahead of the regulatory deadline. This milestone…
Local Macroeconomic Government Misses T-Bill Target by 13% as Treasury Yields Continue to Rise November 3, 2025 Ekemini Uba The Government of Ghana fell short of its Treasury bill target for the past week, raising GH¢4.61 billion against the projected GH¢5.32 billion — a shortfall of 13%. Data from…
