Nearly $3bn spent on Eurobond debt servicing under Tinubu
Nigeria has spent almost $3bn servicing Eurobond debt across eight quarters of President Bola Tinubu’s administration, highlighting the mounting cost…
Month: November 2025
Dangote Refinery Denies Viral Claim Linking It to Bike-Based Fuel Delivery Service
The Dangote Petroleum Refinery has refuted a viral video claiming it partnered with a company to distribute petrol through motorcycle…
Ghana’s 2026 Budget Prioritizes Industrialisation as Engine for Economic Growth
Ghana’s 2026 budget has positioned industrialisation at the center of the country’s economic recovery, signalling a bold shift toward a…
How Cursor Is Redefining the Playbook for Building a Generational Tech Company
Cursor, the AI coding startup often described as a “decacorn in the making,” is redefining what it means to build…
Exowatt’s “Rocks in a Box” Could Revolutionize AI Data Center Power
AI data centers consume massive amounts of electricity, driving startups like Exowatt to seek innovative solutions. Hannan Happi, co-founder and…
AI Bubble Concerns Grow as Tech CEOs Warn of ‘Vibe Revenue’ and Overheated Valuations
Top technology executives are sounding fresh alarms about AI bubble concerns, noting that valuations in the artificial intelligence sector are…
FG Suspends 15% Fuel Import Duty as Government Assures Nigerians of Nationwide Supply Stability
The Federal Government has suspended the proposed 15 percent ad-valorem import duty on petrol and diesel, a policy that had…
Nigeria Doubles Crude Supply to Local Refineries, Hits 40,000bpd in 2025 — NMDPRA
Nigeria’s domestic refining capacity received a major boost in 2025, as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)…
Nigeria’s Private Sector Records 11-Month Expansion as PMI Rises to 55.4
Nigeria’s private sector continued its impressive run of growth in October, marking the 11th straight month of expansion as business…
Digital Lending Compliance Deadline Set for January 5, 2026 – FCCPC Cracks Down on Non-Compliant Lenders
The Federal Competition and Consumer Protection Commission (FCCPC) has announced January 5, 2026, as the official deadline for all digital…
FG Cracks Down on Loan Defaulters as Tamrose Fully Repays $10M NCI Fund
Tamrose Limited, an indigenous Nigerian marine logistics and offshore support company, has successfully repaid its $10 million Nigerian Content Intervention…
Tax Incentives to Boost Nigeria’s Manufacturing Growth to 3.1% in 2026 — MAN
Nigeria’s manufacturing sector is set to record a projected 3.1 per cent growth in 2026, up from the 1.6 per…
European Stocks Slide as AI Valuations and UK Tax Reversal Shake Markets
European stocks tumbled on Friday, rattled by concerns over inflated artificial intelligence (AI) valuations and broader global economic uncertainty. The…
Nigerian Stock Market Rises 1.08% as Brewers and FUGAZ Stocks Lead Gains
The Nigerian stock market rebounded on Thursday, November 13, 2025, with the All-Share Index (ASI) posting a 1.08% gain. The…
National Assembly to Discuss Capital Gains Tax Hike Amid N2 Trillion Market Loss
The National Assembly is set to engage the federal government over the controversial proposed increase in Capital Gains Tax (CGT)…
Nigeria’s Economic Reforms Fuel IHS Towers’ Strong Q3 Performance, Lifting 2025 Outlook
IHS Towers, the largest independent operator of shared communications infrastructure in Africa, has delivered strong third-quarter results, largely fueled by…
Naira Strengthens as Nigeria’s External Reserves Hit Six-Year High of $43.42 Billion
Nigeria’s naira gained modestly against the U.S. dollar in the official foreign exchange market on Thursday, buoyed by a surge…
Nigeria’s Currency Reforms Drive Surge in Foreign Investment
Nigeria’s bold currency reforms are paying off, sparking renewed interest from foreign investors after years of economic uncertainty. The Central…
Insecurity and Power Supply Top Nigerian Business Challenges in October – CBN Survey
Insecurity and erratic power supply have emerged as the leading challenges for Nigerian businesses in October 2025, according to the…
Nigeria Faces Looming Food Crisis in 2026 as Farmers Threaten to Quit Agriculture
Nigeria may be on the brink of a major food crisis in 2026, as farmers across the North-Central and North-West…
PenCom targets 80m informal workers with micro-pension plan
The National Pension Commission (PenCom) is intensifying efforts to bring Nigeria’s massive informal workforce—estimated at 70 to 80 million people—into…
Tinubu Postpones 15% Fuel Import Duty to 2026 After Stakeholder Pushback
President Bola Tinubu has approved a shift in the implementation of the proposed 15% fuel import duty on petrol and…
Nigeria’s Private Sector Expands for 11th Month as PMI Hits 55.4 Points
Nigeria’s private sector sustained its growth streak for the 11th consecutive month in October, driven by gains across industry, services,…
MOFI Lists N1 Trillion MREIF on NGX to Boost Affordable Housing in Nigeria
Nigeria’s Ministry of Finance Incorporated (MOFI) has officially listed its N1 trillion Series 2 MOFI Real Estate Investment Fund (MREIF)…
Bank of Ghana Launches Transparent FX Operations Framework to Boost Market Confidence
The Bank of Ghana (BoG) has introduced a new Foreign Exchange (FX) Operations Framework aimed at boosting transparency, reinforcing market…
Ghana’s Bond Market Set to Drive Africa’s Capital Market Integration – BoG Governor
Ghana’s fixed-income market is emerging as one of Africa’s most credible and resilient bond platforms, with trading volumes reaching GHS214…
Deepwatch Layoffs Hit Dozens as Company Shifts Focus to AI Investments
Deepwatch, a U.S.-based cybersecurity company known for its AI-powered detection and response platform, has laid off dozens of employees as…
Dow Hits Record 48,000 Amid AI Market Surge and Government Reopening
The Dow Jones Industrial Average surged to a historic milestone on Wednesday, closing above 48,000 for the first time. This…
Nigeria Records 566,300 Data Breaches in 2025 Amid Rising Global Cyber Threats
Nigeria has emerged as one of the most affected countries in global cybersecurity incidents this year, with 566,300 accounts leaked…
Seplat Energy Boosts Crude Output by 33,000 BPD After Successful Oil Well Rehabilitation
Seplat Energy Plc has successfully boosted its crude oil production by 33,000 barrels per day (BPD) following the rehabilitation of…