Crypto Liquidations Surge to $583M as Bitcoin Slides to $86,000
Cryptocurrency markets experienced a sharp sell-off on Tuesday, pushing Bitcoin down to $86,000 and triggering mass liquidations across major digital…
Month: December 2025
FX Windfalls Fade as Nigerian Banks Return Focus to Core Lending
Foreign exchange (FX) gains, once a major source of profits for Nigeria’s top banks, have dropped sharply, signaling a major…
Dangote’s N739 Petrol Price Fails to Launch as Rift with NMDPRA Escalates
Consumers across Lagos and other states were left frustrated yesterday as the N739 per litre petrol price announced by Dangote…
CBN Governor Olayemi Cardoso Highlights Nigeria’s Economic Reforms to US Investors
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, engaged senior business leaders and institutional investors at the…
NGX Index Edges Up 0.01% as Access Corp Leads Trading Surge
The Nigerian Exchange (NGX) closed marginally higher on Tuesday, with the All Share Index inching up 0.01% to 149,459.11 points.…
Microsoft and Nigerian Government Train 4 Million Nigerians in AI and Digital Skills Since 2021
Microsoft Corporation and the Federal Government of Nigeria have successfully trained over four million Nigerians in digital and AI skills…
Nigeria’s Crude Oil Exports Hit N37.7 Trillion in Nine Months, Driving FX Stability
Nigeria’s crude oil exports surged to N37.7 trillion in the first nine months of 2025, according to the latest Foreign…
Nigeria’s Top 10 Import Partners in Q3 2025: China, US, and India Lead the Pack
Nigeria’s import market in the third quarter of 2025 remained largely concentrated around a core group of global partners, reflecting…
CBN Revokes Licences of Aso Savings and Union Homes over Regulatory Breaches
The Central Bank of Nigeria (CBN) has officially revoked the operating licences of Aso Savings and Loans Plc and Union…
X Reinforces “Twitter” Trademark in Terms of Service Amid Legal Battle with Startup
Elon Musk’s social media company, X, is taking a firm stance in its ongoing legal tussle over the “Twitter” trademark.…
Rising Mobile Data Demand Drives Telecom Growth in Q3 2025
Nigeria’s telecommunications sector continued its steady upward trajectory in the third quarter of 2025, powered by growing demand for mobile…
European Markets Rise as UK Inflation Cools, Sterling Slips Ahead of Central Bank Decisions
European stock markets opened broadly higher on Wednesday as investors positioned themselves ahead of a busy week of central bank…
Nigerian Breweries Trains 360 Retailers Nationwide to Drive Business Growth and Sustainability
Nigerian Breweries Plc has rolled out a nationwide entrepreneurial capacity-building programme aimed at strengthening the growth and sustainability of its…
Year-End Festivities May Push Inflation Higher in December, Experts Warn
Economic analysts have warned that Nigeria’s inflation rate may record a temporary rebound in December as year-end festivities drive higher…
Dollar to Naira exchange rate today, December 17, 2025
The Nigerian Naira showed mixed movements across the foreign exchange market on Wednesday, December 17, 2025, reflecting sustained pressure as…
Dangote Group Appoints Ex-CBN Director Mahmud Hassan as Group Chief Economist
Dangote Group has strengthened its economic advisory team with the appointment of renowned economist and former Central Bank of Nigeria…
Big Banks’ FX Gains Fall to Three-Year Low as Nigeria’s Banking Sector Shifts Strategy
Nigeria’s biggest banks are seeing a sharp slowdown in foreign exchange (FX) gains, once a major source of profits, as…
Analysts Predict Shift to Fundamentally Strong Stocks in Nigeria’s Stock Market Rally
As year-end trading activities gather pace, capital market analysts say investors are increasingly concentrating on fundamentally strong stocks with attractive…
Nigeria’s Trade Balance Surges 43% to ₦19.3tn in Nine Months — NBS Data
Nigeria’s trade balance recorded a great improvement in the first nine months of 2025, rising by 43.8 per cent year-on-year…
Bright Simons Warns Bank of Ghana’s Non-Interest Banking Rebrand Risks Confusion and Failure
Bright Simons, Vice President of policy think tank IMANI Africa, has raised serious concerns about the Bank of Ghana’s proposed…
Nigeria Spends N8.64 Trillion on Imported Boilers, Machinery, and Appliances in 2025
Nigeria has spent a staggering N8.64 trillion on imported boilers, machinery, and appliances in the first nine months of 2025,…
Investing in FGN Savings Bonds vs FGN Bonds
The Federal Government of Nigeria (FGN) offers two key investment options for those looking to invest in government debt: FGN…
CBN Approves 82 BDC Licenses: Forex Traders Expect More Approvals Soon
Retail forex traders in Nigeria, known as Bureau De Change (BDC) operators, are optimistic that the Central Bank of Nigeria…
Cyberattacks Surge: Nigeria Among Most Targeted African Countries in November 2025
Nigeria has emerged as one of the most targeted African countries for cyberattacks in November 2025, according to a new…
OpenAI Licenses 200+ Disney Characters in Landmark Equity-Only Deal
OpenAI has taken a major step into the world of entertainment by striking an equity-only licensing deal with the Walt…
NGX ICT Stocks Surge to N18.6 Trillion Market Cap in 2025 Amid Investor Optimism
Technology stocks on the Nigerian Exchange (NGX) have emerged as one of the standout performers in 2025, attracting significant investor…
Nigeria’s Fintechs and Startups Shine at NiRA 2025 .ng Domain Awards
Nigeria’s fintechs and startups took centre stage at the 2025 Nigeria Internet Registration Association (NiRA) .ng Domain Awards, signaling the…
Nigeria’s ₦30 Trillion Revenue Shortfall Sparks Concerns Over 2026 Budget
Nigeria’s federal government is under fresh scrutiny after revealing a ₦30 trillion shortfall in its 2025 revenue, casting doubts on…
Nvidia Expands Open Source AI with SchedMD Acquisition and Nemotron 3 Model Release
Nvidia is making bold moves in the open source AI space, announcing both a key acquisition and a new model…
Google Shuts Down Dark Web Report Feature: What Users Need to Know
Google has announced it will retire its “Dark Web Report” feature starting February 16, 2026. Launched about a year and…