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…
Month: November 2025
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…
Nigeria’s 2026 Tax Reform Sparks Privacy Fears as FG Plans Digital Tracking of Remote Workers’ Income
Nigeria’s sweeping tax reform scheduled for January 2026 is stirring nationwide concern as questions grow over how much personal financial…
Nigeria EV Adoption Divides Experts as Senate Advances Green Mobility Bill
Nigeria’s journey toward electric vehicles (EVs) has taken a major legislative step with the Senate’s advancement of the Electric Vehicle…
Nigeria’s Digital Health Revolution Stalled by Infrastructure, Power, and Data Challenges
Nigeria’s ambition to transform its healthcare system through digital innovation is facing significant hurdles, according to participants at the Sixth…
Monetary Reforms Drive Inflation Decline and Forex Stability in Nigeria, Says CBN
The Central Bank of Nigeria (CBN) has announced that the country’s economy is steadily recovering, citing a sharp drop in…
Lagos to Channel N244.82bn Bond Proceeds into Critical Infrastructure Development
Lagos State has announced plans to invest N244.82 billion raised from its latest bond issuance into critical infrastructure across the…
Lagos and LCCI Call for Investment in Community-Owned Mini-Grids to Boost Power Access
The Lagos State Government and the Lagos Chamber of Commerce and Industry (LCCI) are pushing for greater investment in Nigeria’s…
Asia Tech Stocks Plunge Following Wall Street AI Selloff Amid Fading Rate-Cut Hopes
Asia-Pacific markets suffered significant losses on Friday as Wall Street’s earlier AI-related rally reversed sharply, rattling investor confidence. Hopes for…
Nigerian Equities Market Slides as Capitalisation Drops by N292 Billion
The Nigerian equities market extended its losing streak yesterday, with market capitalisation dropping sharply by N292 billion. Investors faced a…
VFD Group Redeems N12.8bn Commercial Paper, Strengthening Liquidity and Investor Confidence
Investment powerhouse VFD Group has successfully redeemed its N12.83 billion Series 5 Commercial Paper (CP) under its N20 billion CP…
Strong Disinflation and Lower Interest Rates Set Stage for Ghana’s 2026 Economic Recovery
Ghana is poised for a significant economic rebound in 2026, thanks to strong disinflation trends and declining interest rates, according…
Afreximbank 9M’25 Financial Scorecard Highlights Strong Liquidity and Resilient Growth
African Export-Import Bank (Afreximbank) and its subsidiaries have released a robust financial performance report for the nine months ended September…
FG Oil Revenue Drops by N345 Billion in September Amid Production Shortfalls
Nigeria’s federal government recorded a significant drop in oil revenue in September 2025, with collections from the oil and gas…
Elon Musk vs. Shohei Ohtani: Grok AI’s Unlikely Loyalty Sparks Online Buzz
Grok, the AI developed by Elon Musk, has sparked a viral debate this week after users noticed its surprisingly strong…