Nigerian Stock Market Dips Further as Investors Lose N216bn — Market Capitalisation Falls Again
The Nigerian stock market extended its bearish run on Wednesday as investors lost an additional N216bn, deepening concerns over persistent…
Month: November 2025
Banks Alert Customers as FIRS Intensifies Enforcement of 10% Tax on Fixed-Income Interest
Nigerian banks have begun issuing fresh alerts to customers after the Federal Inland Revenue Service (FIRS) reaffirmed the enforcement of…
Cloudflare Outage Disrupts Global Websites, Caused by Internal Database Error
Cloudflare experienced its most severe outage since 2019 on Tuesday, temporarily disrupting access to millions of websites globally. CEO and…
AI Investments Soar Despite Stock Slump: Microsoft, Nvidia Back Anthropic in $15B Deal
Money continues to flow into artificial intelligence companies even as AI stocks struggle. Microsoft and Nvidia are leading the latest…
President Bola Tinubu Travels to South Africa and Angola for G20 and AU-EU Summits
President Bola Tinubu will today begin a two-nation diplomatic visit to Johannesburg, South Africa, and Luanda, Angola, to participate in…
Nigerian Stocks Stall After N7 Trillion Loss Amid Market Volatility
The Nigerian Exchange (NGX) All-Share Index (ASI), which has enjoyed a remarkable rally this year thanks to economic reforms and…
NGX Tech Listings Stalled as Awareness Gap Drives Startups Toward Acquisitions
Nigeria’s technology startups are showing little interest in listing on the Nigerian Exchange Limited (NGX), with a new report pointing…
Nigeria’s Pension Fund Hits N26 Trillion as Assets Grow 22% in 12 Months
Nigeria’s pension fund assets have soared to N26.09 trillion as of September 2025, marking a 22.03% year-on-year growth, according to…
E-Cedi to Strengthen Ghana’s Monetary Sovereignty and Reduce Forex Dependence – Ecobank MD
The Managing Director of Ecobank Ghana, Abena Osei-Poku, has highlighted the pivotal role of the E-Cedi in reinforcing Ghana’s monetary…
TotalEnergies Eyes Nigeria’s 2025 Oil Licensing Round After 2024 Block Wins
French energy giant TotalEnergies has expressed keen interest in participating in Nigeria’s upcoming 2025 oil licensing round, building on its…
TikTok Lets Users Control How Much AI-Generated Content They See
TikTok is giving users more control over their feeds by introducing a new feature that lets them adjust how much…
PTAD Disburses N3.9 Billion Arrears to 91,146 Pensioners Under Defined Benefit Scheme
The Pension Transitional Arrangement Directorate (PTAD) has successfully disbursed a total of N3.9 billion in arrears to 91,146 eligible pensioners…
Global Internet Users Rise by 240 Million in 2025 Amid Cost and Accessibility Challenges
Global digital connectivity continues to expand, with an estimated 240 million people joining the online world in 2025, according to…
Internet banking overtakes ATM, PoS as transaction values surge to ₦542.98trn
Banking transactions conducted through Web Pay, also known as internet banking, surged to ₦542.98 trillion in the first quarter (Q1)…
Nigeria’s Foreign Reserves Soar to $46.7 Billion, Boosting Naira and Investor Confidence
Nigeria’s foreign reserves have surged to $46.7 billion as of November 14, 2025, marking the highest level in seven years…
Fintechs Usher in a New Era as Nigeria’s NPS Launches Instant, Data-Rich Payments
Nigeria’s fintech ecosystem is entering a transformative phase as the National Payment Stack (NPS) officially debuts with its first live…
Seplat Energy Chairman Udoma to Lead 2025 PEARL Awards Nite in Lagos
The Board of Governors of the PEARL Awards Nigeria has announced that Mr. Udoma Udo Udoma, Chairman of Seplat Energy…
Nigeria’s Foreign Reserves Hit 7-Year High of $46.7 Billion Amid Economic Recovery
Nigeria’s foreign-exchange reserves have climbed to a seven-year high of $46.7 billion, the Central Bank of Nigeria (CBN) announced on…
European Markets Slip as Investors Await Nvidia Earnings and UK Inflation Cools
European markets were on track for a cautious start Wednesday as investors turned their focus to Nvidia’s highly anticipated earnings…
Nigeria Surpasses 1.7m Barrels Per Day as Oil Output Rebounds — NUPRC
Nigeria’s oil production has crossed the 1.7 million barrels per day (bpd) mark multiple times in 2025, signaling a strong…
Seplat Empowers 25 Imo Journalists Through Two-Day Media Capacity Workshop
Seplat Energy Plc has reaffirmed its commitment to strengthening Nigeria’s media landscape by hosting a two-day intensive workshop for journalists…
FG Begins Testing for National Single Window Ahead of 2026 Rollout
The Federal Government has officially kicked off User Acceptance Testing for the National Single Window (NSW), marking a major milestone…
Vertiv Acquires PurgeRite in $1 Billion Deal to Boost Data Centre Cooling and AI Infrastructure
Vertiv Holdings Co has announced a major $1 billion acquisition of PurgeRite, a Houston-based leader in mechanical flushing, purging, and…
Peec AI Raises $21M to Help Brands Optimize for ChatGPT Searches
As consumers increasingly turn to ChatGPT instead of Google, the way people discover products is shifting — and Berlin-based startup…
Africa Lags in Global Clean Energy Boom as Renewable Investment Hits $2.4 Trillion
Global investment in renewable energy surged to a record $2.4 trillion in 2024, yet sub-Saharan Africa captured only 2.3% of…
Tamrose Repays $10M Loan, Highlights Success of Nigeria’s Local Content Initiative
Nigeria’s indigenous oil-service company, Tamrose Limited, has drawn widespread praise after fully repaying its $10 million loan from the Nigerian…
Naira Steadies as Nigeria’s Forex Reserves Hit $46.7 Billion Amid Strong FX Inflows
Nigeria’s naira held steady on Monday in the official foreign exchange (FX) market as the country’s external reserves surged to…
Tinubu Highlights Youth-Focused Economic Reforms During Duke of Edinburgh Visit
President Bola Tinubu has welcomed the Duke of Edinburgh, Prince Edward, to the State House in Abuja, using the occasion…
Elumelu and FirstBank Call for Stronger Support for Nigerian Entrepreneurs
Nigeria’s economic future lies in entrepreneurship, not government handouts or foreign aid, according to Tony Elumelu, Group Chairman of Heirs…
Aradel Leads Nigerian Stock Market with N21.4 Billion Deals as Cement Selloff Pushes ASI Down 1.26%
The Nigerian stock market closed sharply lower on Monday, November 17, as the All-Share Index (ASI) slipped by 1,853.82 points…