Business Energy Local Nigeria Issues First Gas Trading Licence to Boost Market Transparency and Liquidity December 12, 2025 Ekemini Uba Nigeria has taken a major step to modernize its domestic gas market by issuing the country’s first Gas Trading Licence to JEX Markets Limited. The licence, granted by the Nigerian…
International Technology OpenAI Unveils GPT-5.2 to Challenge Google’s AI Dominance December 12, 2025 Ekemini Uba OpenAI has officially launched GPT-5.2, its latest AI model, in a strategic move to counter mounting competition from Google’s Gemini 3. Unveiled on Thursday, GPT-5.2 is positioned as OpenAI’s most…
Business Finance Local Expansion of Asset Classes in ISA 2025 Set to Boost Nigerian Capital Market, Says CSCS December 12, 2025 Ekemini Uba The Central Securities Clearing System (CSCS) Plc has hailed the recent expansion of recognised asset classes under the Investment and Securities Act (ISA) 2025 as a major milestone for Nigeria’s…
Business Local Stock BERGER Paints, JAPAULGOLD Lead Gains as Nigerian All-Share Index Rebounds to N94 Trillion December 12, 2025 Ekemini Uba The Nigerian All-Share Index (ASI) surged on December 11, 2025, closing at 147,950.59 points, a gain of 1,088.58 points or 0.74% from the previous session’s 146,861.98. The rebound comes as…
Business Local Stock MTN Leads Market Rally as Nigerian Stocks Gain N694 Billion December 12, 2025 Ekemini Uba Equities on the Nigerian Stock Exchange rebounded strongly yesterday, led by gains in MTN Nigeria Communications and 30 other prominent stocks. Investors engaged in bargain hunting, lifting the market’s capitalisation…
Business Finance Local Nigerian Equity Market Rebounds with N694 Billion Gain as Investors Return December 12, 2025 Ekemini Uba The Nigerian equity market staged a strong rebound on Thursday, recovering N694 billion after a week of losses as investors returned to the market. The NGX All-Share Index rose by…
Business Local Macroeconomic Naira Holds Steady at N1,950/£1 as British Pound Faces Economic Pressure December 12, 2025 Ekemini Uba The Nigerian naira has shown resilience against the British pound, trading at N1,950/£1 in the official market. This represents a slight depreciation compared to earlier in the year, reflecting a…
Banking Business Local CBN Tightens Oversight as Nigerian Banks Boost Capital to Strengthen Financial Stability December 12, 2025 Ekemini Uba Nigerian banks are stepping up their capital base as the Central Bank of Nigeria (CBN) enforces stricter oversight to maintain a stable and resilient financial system. Governor Olayemi Cardoso emphasized…
Energy investment Local SEC Calls on Banks to Mobilize Capital for Nigeria’s Gas Trading Revolution December 12, 2025 Ekemini Uba The Securities and Exchange Commission (SEC) has called on Nigerian banks, insurers, and asset managers to mobilize capital to strengthen the country’s gas trading sector. The call was made during…
International Technology Google and CyberSafe Foundation Launch Resilio Africa to Protect 2 Million People from Cyberattacks December 12, 2025 Ekemini Uba The CyberSafe Foundation, supported by Google.org, has announced the launch of Resilio Africa, a three-year initiative designed to bolster cybersecurity across Sub-Saharan Africa (SSA). The program targets critical community institutions…
International Technology World Launches ‘Super App’ with Encrypted Chat and Crypto Payments December 12, 2025 Ekemini Uba World, the biometric ID verification project co-founded by Sam Altman, has officially launched the newest version of its app, introducing a suite of features designed to make digital interactions both…
Business Local Technology AI Key to Unlocking Africa’s $3.4tn AfCFTA Market, Experts Say December 12, 2025 Ekemini Uba Artificial intelligence (AI) is set to be the driving force behind the African Continental Free Trade Area (AfCFTA), reshaping cross-border trade across the continent, according to Dr Luqman Afolabi, a…
Business Local Macroeconomic Nigeria’s Trade Surplus Hits N6.69tn in Q3 2025 as Exports Outpace Imports December 12, 2025 Ekemini Uba Nigeria posted a trade surplus of N6.69 trillion in the third quarter of 2025, reflecting a 27.29% year-on-year growth and continuing a positive trend in foreign trade. According to the…
Business International Macroeconomic European Markets Rise as Swiss Central Bank Holds Rates at 0% Amid Cooling Inflation December 12, 2025 Ekemini Uba European stocks closed higher on Thursday as investors weighed the U.S. Federal Reserve’s latest rate cut and the Swiss National Bank’s decision to keep interest rates unchanged. The Stoxx 600…
Business Energy Local Nigeria’s Oil Output Rises by 35,000 bpd in November as Production Recovery Strengthens December 12, 2025 Ekemini Uba Nigeria recorded one of its strongest month-on-month production boosts in 2025, as crude output climbed to 1.436 million barrels per day (bpd) in November, up from 1.401 million bpd in…
Banking Business Local Politics Reps Push Major Reforms to Strengthen Transparency and Oversight at CBN December 12, 2025 Ekemini Uba The House of Representatives has begun formal steps to overhaul the Central Bank of Nigeria (CBN) Act, seeking stronger transparency, clearer oversight, and tighter governance at the nation’s apex financial…
Business Energy Local Dangote Refinery Receives Second Ghana Crude Shipment as Maintenance Cuts Intake December 12, 2025 Ekemini Uba The Dangote Petroleum Refinery has received its second crude oil shipment from Ghana, strengthening its shift toward West African feedstocks as the plant prepares for extensive maintenance. Industry data indicates…
Banking Business Local Non-Interest Banking in Ghana: BoG Requires 60% Foreign Currency Capital for Foreign Banks December 11, 2025 Ekemini Uba The Bank of Ghana (BoG) has unveiled a new regulatory framework aimed at tightening oversight of the country’s growing non-interest banking sector. The central bank’s draft guidelines propose that foreign-owned…
Business investment Local FCMB Asset Management Upgraded to A(IM) Rating by Agusto & Co., Strengthening Investor Confidence December 11, 2025 Ekemini Uba FCMB Asset Management Limited (FCMBAM), the asset management arm of FCMB Group Plc, has received a significant rating upgrade from A-(IM) to A(IM) by Agusto & Co., one of Africa’s…
Business Energy Local FG Captures N4tn Power Sector Bond in MTEF to Boost Investor Confidence December 11, 2025 Ekemini Uba The Federal Government has announced that the newly launched N4tn power sector liquidity bond, designed to settle long-standing debts owed to electricity generation companies, will be fully captured in the…
Business Local Technology Modern Infrastructure Key to Nigeria’s AI Leadership, Says Schneider Electric December 11, 2025 Ekemini Uba Schneider Electric has emphasized that the next era of global artificial intelligence (AI) leadership will be driven more by the quality of digital infrastructure than by larger datasets or innovative…
Business Finance Local Pension Pension Fund Assets Rise to N26.66 Trillion as PenCom Cracks Down on Defaulters December 11, 2025 Ekemini Uba Nigeria’s total pension fund assets under the Contributory Pension Scheme (CPS) increased by 2.2% month-on-month to N26.66 trillion in October 2025, up from N26.09 trillion in September, according to an…
Business Energy Local Dangote Refinery Boosts Petrol Supply by 38% Amid Rising Imports December 11, 2025 Ekemini Uba Nigeria’s domestic petrol supply saw a significant boost in November 2025, with the Dangote Refinery contributing 23.52 million litres per day, marking a 37.7% increase from 17.08 million litres per…
International Macroeconomic Dollar Weakens as Fed Signals Dovish Tilt, Markets Anticipate Two Rate Cuts in 2026 December 11, 2025 Ekemini Uba The U.S. dollar dipped on Thursday after the Federal Reserve delivered a less hawkish outlook than investors had anticipated, fueling expectations for further monetary easing in 2026. The dollar had…
Business Local Bank of Ghana Urges Fintechs to Strengthen Compliance, Consumer Protection, and Fight Financial Crime December 11, 2025 Ekemini Uba The Bank of Ghana (BoG) has called on fintech companies, mobile money operators, and financial institutions to strengthen compliance and consumer protection as Ghana’s digital finance sector continues to grow.…
International Technology Google Elevates AI Infrastructure Chief Amin Vahdat as AI Arms Race Intensifies December 11, 2025 Ekemini Uba Google has made a major move in the global AI arms race, promoting Amin Vahdat to the newly created position of chief technologist for AI infrastructure. Reporting directly to CEO…
International Technology State Attorneys General Warn AI Giants to Fix ‘Delusional Outputs’ or Face Legal Action December 11, 2025 Ekemini Uba A coalition of U.S. state attorneys general has issued a stark warning to major AI companies, including Microsoft, OpenAI, and Google, demanding urgent fixes to “delusional outputs” produced by their…
Local Technology Tinubu to attend 3MTT National Impact Summit December 11, 2025 Ekemini Uba President Bola Ahmed Tinubu is set to attend the 3 Million Technical Talent (3MTT) National Impact Summit on Thursday, December 11, 2025, a key event aimed at highlighting Nigeria’s growing…
Business Local Stock Nigerian Stock Market Dips 0.05% as JAPAULGOLD and Mid-Cap Stocks Rally December 11, 2025 Ekemini Uba The Nigerian stock market closed slightly lower on December 10, 2025, with the All-Share Index (ASI) dipping 0.05% to 146,862.0 points. Despite this modest decline, mid-cap stocks such as JAPAULGOLD…
Business Energy Local Nigeria’s Petrol Consumption Drops to 52.9 Million Litres in November Amid Rising Local Refinery Output December 11, 2025 Ekemini Uba Nigeria’s petrol consumption declined to 52.9 million litres per day in November, signaling a slight slowdown in fuel demand across the country. The figure, released by the Nigerian Midstream and…
