Business Economy Local Nigeria Transport Sector Growth Slows to 9.87% in Q3 2025 Amid Infrastructure Challenges December 9, 2025 Ekemini Uba Nigeria’s transport sector growth decelerated to 9.87 percent in the third quarter of 2025, reflecting ongoing infrastructural challenges that continue to affect the industry’s overall performance. This represents a decline…
International investment Macroeconomic Global Trade Growth Set to Slow in 2026, UN Warns December 9, 2025 Ekemini Uba Global trade and economic growth are expected to slow in 2026, the United Nations Conference on Trade and Development (UNCTAD) has warned. According to its latest report, the world economy…
Business Local Technology Nigerian Software Testers Call for Stricter Quality Standards to Boost Digital Trust December 9, 2025 Ekemini Uba Software testers across Nigeria have called for stricter quality standards and enhanced software testing practices to ensure trust in the nation’s growing digital ecosystem. The appeal came during the 8th…
Finance Local Technology FG Bans Cash Payments in MDAs, Mandates POS Terminals for All Federal Revenue December 9, 2025 Ekemini Uba The Federal Government of Nigeria has officially banned the use of physical cash for revenue payments across all Ministries, Departments, and Agencies (MDAs). In a move aimed at modernizing federal…
Business Energy Local NNPC Receives $185 Million and N14.9 Billion from Frontier Exploration Fund – NUPRC Confirms December 9, 2025 Ekemini Uba The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that the Nigerian National Petroleum Company Limited (NNPC Ltd) has received over $185 million and N14.9 billion from the Frontier Exploration…
Business Finance Local Insurance and Banking Stocks Boost NGX Market Capitalisation by N247bn December 9, 2025 Ekemini Uba The Nigerian Exchange Limited (NGX) opened the week on a positive note as market capitalisation surged by N247.21 billion on Monday, underpinned by renewed investor interest in insurance and banking…
Finance Local Macroeconomic Naira Records Mild Depreciation at Official FX Market to N1,451.86/$ December 9, 2025 Ekemini Uba Nigeria’s currency saw a modest decline at the official foreign exchange market on Monday, closing at N1,451.86/$, up slightly from N1,450.43/$ recorded last Friday. Data from the Central Bank of…
Business Finance International Market Asia-Pacific Markets Slide Ahead of Federal Reserve Rate Decision December 9, 2025 Ekemini Uba Asia-Pacific markets saw a mostly negative session on Tuesday as investors reacted to Wall Street losses and awaited the U.S. Federal Reserve’s upcoming policy decision. Japanese markets were a rare…
International Technology Meta to Give EU Users Choice Over Personalised Ads Starting January 2026 December 9, 2025 Ekemini Uba Meta Platforms Inc., the parent company of Facebook and Instagram, will soon give European Union users the power to decide how much personal data is used for advertising. Starting January…
Business Finance investment Local FG, SEC, and NGX Collaborate on Capital Gains Tax Reform to Boost Investor Confidence December 9, 2025 Ekemini Uba The Federal Government has launched the National Tax Policy Implementation Committee (NTPIC) to oversee the rollout of Nigeria’s new capital gains tax (CGT) provisions, signaling a commitment to transparency, investor…
Business Local Macroeconomic FG Directs MDAs to Roll Over 70% of 2025 Capital Budget into 2026 December 9, 2025 Ekemini Uba The Federal Government (FG) has directed all ministries, departments, and agencies (MDAs) to roll over 70% of their 2025 capital budget into the 2026 fiscal year. The move, outlined in…
Business Energy Local Dangote Refinery and Stronger Naira Drive Petrol Prices Down in Nigeria December 9, 2025 Ekemini Uba Petrol prices in Nigeria have started trending downward, offering some relief to consumers facing rising energy costs. Industry experts attribute this positive shift to increased domestic refining by Dangote Refinery,…
Business Finance Local Nigeria Advances T+1 Settlement and Market Reforms to Boost Investor Confidence December 9, 2025 Ekemini Uba The Securities and Exchange Commission (SEC) of Nigeria has unveiled a comprehensive set of reforms aimed at strengthening market efficiency, enhancing investor confidence, and accelerating digital transformation in the country’s…
Business investment Local 10 Nigerian Stocks That Skyrocketed Over 1500% Since 2015 December 9, 2025 Ekemini Uba Since 2015, the Nigerian Exchange (NGX) has witnessed remarkable growth, outpacing broader economic trends. The All-Share Index, which hovered around 34,000 points in 2015, has surged past 145,000 points multiple…
Business Economy Finance Nigeria Unifies Revenue Systems in Landmark Digital Reform Ahead of 2026 Rollout December 9, 2025 Ekemini Uba Nigeria has launched its most sweeping public finance overhaul since the Treasury Single Account (TSA), unveiling a unified digital revenue system that brings together TSA, GIFMIS, the Central Bank of…
Business Economy Local Nigerian SMEs Halt Spending as 2026 Tax Reforms Spark Nationwide Uncertainty December 9, 2025 Ekemini Uba Nigeria’s small and medium-sized enterprises (SMEs) are slowing spending, delaying expansion, and holding back investment as the country edges toward the January 1, 2026 rollout of a sweeping tax reform.…
Business International Technology U.S. Clears Nvidia H200 Chip Exports to China Amid Rising Political Tensions December 9, 2025 Ekemini Uba The U.S. Department of Commerce has officially approved Nvidia’s request to export its powerful H200 artificial intelligence chips to China, marking a significant shift in Washington’s tech-trade posture. The decision,…
Business Economy Local CBN Confirms 82 Licensed BDCs Under New Tougher Rules December 9, 2025 Ekemini Uba The Central Bank of Nigeria has officially confirmed that only 82 Bureaux De Change (BDCs) have met the requirements to operate under its newly updated regulatory framework. This announcement, made…
Business Energy Local FG Cuts Oil Block Entry Fee to $3m as 2025 Licensing Round Opens December 9, 2025 Ekemini Uba The Federal Government has significantly reduced the financial entry barrier for oil investors as the 2025 licensing round begins. According to an update on the Nigerian Upstream Petroleum Regulatory Commission…
Banking Business Local Banks Slash Central Bank Deposits by N2.22 Trillion After CBN Interest Rate Adjustment December 8, 2025 Ekemini Uba Banks in Nigeria significantly reduced their deposits at the Central Bank of Nigeria (CBN) last month, pulling back N2.22 trillion from the apex bank’s Standing Deposit Facility (SDF). This followed…
Business Energy Local How Chevron Nigeria’s Strategic Infrastructure Safeguards Strengthened Oil Production December 8, 2025 Ekemini Uba Chevron Nigeria is ramping up its deepwater oil production in a strategic effort to expand growth opportunities across the country. The company, a key player in Nigeria’s oil and gas…
Business Economy Local Nigeria’s Economic Growth Cosmetic, Leaving Citizens in Poverty – Expert Warns December 8, 2025 Ekemini Uba Former NACCIMA President Dele Kelvin Oye has cautioned that Nigeria’s celebrated economic growth masks the harsh realities faced by its citizens. Speaking at the Lagos Country Club Business Forum 2.0,…
Business Local Stock Investors Flock to High-Value Industrial Stocks as Nigerian Market Ends Year Strong December 8, 2025 Ekemini Uba As 2025 nears its close, Nigerian equities saw a surge in investor activity, particularly in high-value industrial stocks, boosting market confidence. Last week, the NGX All-Share Index climbed 2.45% to…
International Technology Redmi 14C Review: Xiaomi’s Budget Phone Packs Big Battery and 120Hz Display December 8, 2025 Ekemini Uba Xiaomi’s Redmi 14C is the latest addition to the popular C-series, designed for users who want a large display, long battery life, and a capable camera without breaking the bank.…
International Technology OpenAI Disables App Suggestions After User Backlash Over “Ad-Like” Prompts December 8, 2025 Ekemini Uba OpenAI has temporarily turned off app suggestions in ChatGPT following complaints from paying users who felt certain prompts resembled ads. The company emphasized that there are currently no live ads…
Local Technology NITDA Warns Nigerians About ChatGPT Vulnerabilities That Risk Data Leakage December 8, 2025 Ekemini Uba The National Information Technology Development Agency (NITDA) has raised alarm over newly discovered vulnerabilities in ChatGPT that could put Nigerian users at risk of data-leakage attacks. The agency issued the…
Business Energy Local Diesel Prices Surge 9.45% in October to N1,398/Litre Amid Supply and Market Pressures December 8, 2025 Ekemini Uba Nigeria’s average retail diesel price rose sharply in October 2025, climbing 9.45 percent month-on-month to N1,398.57 per litre, according to the latest Automotive Gas Oil (Diesel) Price Watch from the…
Business Economy Local BII and FCMB Launch $50M Credit Facility to Empower Northern Nigerian MSMEs December 8, 2025 Ekemini Uba British International Investment (BII), the UK’s development finance institution, has joined forces with First City Monument Bank (FCMB) to launch a $50 million credit facility aimed at driving growth for…
Business Local Macroeconomic Nigeria’s GDP Growth Projected at 4.1% in 2026 Driven by Non-Oil Sector Expansion December 8, 2025 Ekemini Uba Nigeria’s economy is set to expand at a moderate pace in 2026, with GDP growth projected at 4.1 per cent, slightly higher than the 3.86 per cent forecast for 2025.…
Business Local Market Ellah Lakes Public Offer Extended to 19 December 2025 Amid Rising Investor Demand December 8, 2025 Ekemini Uba Ellah Lakes Plc has officially extended its public offer for 18.8 billion shares at N12.50 each to 19 December 2025, following a surge in investor interest. Initially scheduled to close…
