Local Macroeconomic Nigeria’s FX Reserves Rise by $4.39bn in One Year on CBN Reforms, Investor Confidence December 29, 2025 Ekemini Uba Nigeria’s external reserves rose by $4.39bn over one year, reflecting a notable turnaround in the country’s foreign exchange position amid ongoing economic reforms. Data from the Central Bank of Nigeria…
Business Local Macroeconomic Financial Tips to Help Young Nigerians Beat Inflation and Rising Living Costs December 29, 2025 Ekemini Uba As inflation continues to erode purchasing power and economic uncertainty deepens, financial planning is no longer optional for young Nigerians. With wages failing to keep pace with rising food, transport…
Business Local Market Market Flexibility and FX Stability Power Nigeria’s Capital Market Rally in 2025 December 29, 2025 Ekemini Uba Nigeria’s capital market entered a defining chapter in 2025, posting one of its most impressive performances in recent history as policy reforms, foreign exchange stability and easing inflation combined to…
Business Energy Local Average Petrol Price Drops to N1,061 in November 2025 – NBS Report December 23, 2025 Ekemini Uba The average retail price of Premium Motor Spirit (PMS), commonly known as petrol, fell to N1,061.35 in November 2025, according to the latest Premium Motor Spirit Price Watch released by…
International Technology ChatGPT Launches App Store, Opens Platform to Developers Worldwide December 23, 2025 Ekemini Uba OpenAI has officially opened its ChatGPT platform to app developers, allowing them to submit their programs for review and potential publication. The move introduces a new app directory within ChatGPT’s…
Business Economy Energy Local Nigeria’s Oil Revenue Falls Short by N16.2tn Despite Higher Production in 2025 December 23, 2025 Ekemini Uba Nigeria’s oil revenue fell sharply short of government projections in the first half of 2025, recording a N16.2tn deficit despite a slight increase in crude production, according to the Budget…
Business investment Local NGX Rallies as Investors Gain N257bn on Optimism in Key Stocks December 23, 2025 Ekemini Uba The Nigerian Exchange (NGX) kicked off the week on a high note as investors gained N257 billion, driven by renewed buying interest in select stocks. Market optimism pushed the total…
Business Energy Local NNPC Earns N890.8bn in Management Fees and Frontier Funds in 11 Months December 23, 2025 Ekemini Uba The Nigerian National Petroleum Company Limited (NNPC) has earned a total of N890.8 billion from management fees and the Frontier Exploration Fund (FEF) in the first 11 months of 2025,…
Business Energy Local Oil Prices Rise After US Intercepts Venezuelan Crude Tanker December 23, 2025 Ekemini Uba Oil prices climbed sharply in early trade yesterday following the US interception of a crude oil tanker near Venezuela in international waters, highlighting ongoing geopolitical tensions affecting global energy markets.…
Business Finance Local Ghana to Operationalise Crypto Law: BoG and SEC Set to Issue Guidelines for Virtual Assets December 23, 2025 Ekemini Uba Ghana is taking a major step toward formalising its cryptocurrency market as the Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) announced plans to issue detailed guidelines…
Business Finance Local FG Leans on Domestic Investors to Bridge Funding Gap: Implications for Nigeria’s Fixed Income Market December 23, 2025 Ekemini Uba The Federal Government (FG) has increasingly relied on domestic investors to fund its borrowing needs, shaping the dynamics of Nigeria’s fixed income market, a recent Afrinvest report reveals. Amid elevated…
Business Energy Local NNPC’s Strategic Reinvention Under Bayo Ojulari Drives Sustainable Growth December 23, 2025 Ekemini Uba Under the leadership of Group Chief Executive Officer Bashir Bayo Ojulari, NNPC Limited is redefining how a national oil corporation can achieve stability and growth in a volatile industry. By…
Business investment Local CBN Reforms Drive Global Investor Confidence in Nigeria’s Economy December 23, 2025 Ekemini Uba Nigeria is stepping boldly onto the global stage, showcasing reforms aimed at winning back long-term investors. At the US–Nigeria Executive Business Roundtable in Washington, DC, Central Bank of Nigeria (CBN)…
International Technology ChatGPT Mobile App Surpasses $3 Billion in Global Consumer Spending December 23, 2025 Ekemini Uba ChatGPT’s mobile app has reached a major milestone, generating an estimated $3 billion in worldwide consumer spending since its launch in May 2023, according to app analytics firm Appfigures. Initially…
Business Energy Local Dangote Petroleum Launches Hotline to Report Fuel Stations Selling PMS Above N739 December 23, 2025 Ekemini Uba Dangote Petroleum Refinery has unveiled a nationwide hotline to empower Nigerians to report filling stations selling Premium Motor Spirit (PMS) above the approved price of N739 per litre. The hotline,…
Business Economy Finance Local FIRS Confirms NIN Automatically Serves as Tax ID for Nigerians December 23, 2025 Ekemini Uba The Federal Inland Revenue Service (FIRS) has officially confirmed that the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) will now automatically serve as a Tax…
Business Economy Local Lawmakers May Suspend January 2026 Tax Reform Over Alleged Gazetted Alterations – Oyedele December 23, 2025 Ekemini Uba Nigeria’s planned January 2026 rollout of new tax reform laws could be suspended, following allegations of alterations in the gazetted copies of the legislation. Taiwo Oyedele, Chairman of the Presidential…
Business Local Macroeconomic Naira Depreciation Hits Two-Month Low Amid Liquidity Crunch and Weak Detty December Inflows December 23, 2025 Ekemini Uba The Nigerian naira weakened to a two-month low last week, trading at N1,466.5 to the dollar at the official forex market on December 19, 2025. This marks a steady depreciation…
Business Local Stock Top 10 NGX Brokers Control 87% of Market Transactions Amid Year-End Rally December 23, 2025 Ekemini Uba Fresh data from the Nigerian Exchange (NGX) shows that ten stockbroking firms dominated market activity in the week ending December 19, 2025, handling N612.19 billion worth of deals—equivalent to 87%…
Business investment Local SEC Sets January 31 Deadline for Capital Market Operators’ Registration Renewal December 23, 2025 Ekemini Uba Nigeria’s Securities and Exchange Commission (SEC) has directed all capital market operators (CMOs) to renew their registration between January 1 and January 31, 2026, stressing that compliance within the stipulated…
Business International Market U.S. Treasury Yields Fall Ahead of Key Debt Auctions as Investors Eye Inflation Outlook December 23, 2025 Ekemini Uba U.S. Treasury yields moved lower on Tuesday as investors adopted a cautious stance ahead of a series of key government debt auctions that could shape market sentiment around inflation and…
Business Economy Local Why Investors Chose Dollar Over Naira Investments Despite Signs of Economic Recovery – Lukefield Finance CEO December 23, 2025 Ekemini Uba Despite recent signs that Nigeria’s economy may be turning a corner, many investors are still cautious. According to Omotayo Asupoto, Chief Executive Officer of Lukefield Finance Company, the preference for…
Local Technology Nigeria Partners PlotWeaver to Deploy AI Tools for Filmmakers Nationwide December 23, 2025 Ekemini Uba The Federal Government, through the Nigerian Film Corporation (NFC), has entered into a strategic partnership with PlotWeaver, an artificial intelligence–powered storytelling platform, to deploy AI-driven tools aimed at transforming Nigeria’s…
Business Finance Local How to Generate Your Tax ID via JTB Ahead of 2026 December 22, 2025 Ekemini Uba As Nigeria prepares for the 2026 fiscal year, obtaining a Tax Identification Number (TIN) through the Joint Tax Board (JTB) is now more important than ever. Whether you are an…
Business investment Technology Nigerian Fintech Funding Hits $230M in 2025: Are Startups Creating Real Economic Value? December 22, 2025 Ekemini Uba Nigerian fintech startups raised a total of $230 million in 2025, signaling a sharp 44% decline from the $410 million secured in 2024. While headlines often focus on total funding,…
International Technology OpenAI Lets Users Control ChatGPT’s Tone and Enthusiasm for a More Personalized Experience December 22, 2025 Ekemini Uba OpenAI has rolled out new customization options for ChatGPT, allowing users to directly adjust the chatbot’s warmth, enthusiasm, and even emoji use. Announced via a social media post, these features…
Business Energy Local EIA Revises OPEC Oil Capacity: Spare Production Higher Than Expected December 22, 2025 Ekemini Uba The U.S. Energy Information Administration (EIA) has quietly updated its outlook on global oil production, suggesting that OPEC may be able to produce more oil than analysts previously anticipated. The…
Business Energy Local Dangote-NMDPRA Feud: PENGASSAN Calls for Strong Institutions to Protect Nigeria’s Oil Sector December 22, 2025 Ekemini Uba The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called for stronger institutions in Nigeria’s oil and gas sector amid ongoing disputes between Aliko Dangote, President of…
Business Energy Indigenous Operators Drive Nigeria’s Energy Future, Marks 10 Years of Impact – IPPG December 22, 2025 Ekemini Uba The Independent Petroleum Producers Group (IPPG) has marked a decade of resilience, collaboration, and transformative impact in Nigeria’s oil and gas industry. Speaking at the 10th-anniversary celebration, IPPG Chairman and…
Business Features Local PenCom Recovers N4.04bn from Defaulting Employers in 2025, Expands Pension Coverage for Artisans and Gig Workers December 22, 2025 Ekemini Uba The National Pension Commission (PenCom) has announced the recovery of N4.04 billion from defaulting employers between January and November 2025, a significant rise from N1.44 billion recorded in 2024. This…
