The Dangote Petroleum Refinery has taken a major step toward becoming the world’s largest single-location refining complex after sealing a strategic partnership with US-based Honeywell International. Announced on Tuesday, the deal is expected to support Dangote’s bold plan to double refinery capacity to 1.4 million barrels per day by 2028 — barely a month after […]
Year: 2025
BREAKING: CBN retains MPR at 27% to sustain inflation fight
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27 percent, maintaining its tight monetary stance as part of ongoing efforts to rein in inflation and stabilise the foreign exchange market. The decision was announced at the end of the Monetary Policy Committee (MPC) meeting held in Abuja, where members voted to keep key policy parameters […]
Lontor Hi-Tech Invests N1.2B to Drive Sustainable Energy and Smart Living in Nigeria
LONTOR Hi-Tech Development Company has reaffirmed its dedication to sustainable energy and smart living in Nigeria with a landmark N1.2 billion investment. The firm is rolling out integrated solar-powered technologies designed to meet the needs of both homes and businesses, signalling a new chapter in the country’s renewable energy landscape. At its annual business conference […]
Africa’s Digital Market: Why Tech Solutions Must Be Locally Designed
Early in March 2025, I sat in a European boardroom surrounded by executives eager to understand Africa’s digital market. Their questions were sharp, but one stood out: “What does your market need?” Explaining with data and real-life examples from Nigeria, I quickly realized they assumed Africa was a monolithic market. One executive even suggested replicating […]
African Creatives Urged to Embrace Blockchain and AI for Global Success
Nigerian creative-tech advocate Sheye Banks has called for wider adoption of emerging technologies across Africa’s creative industries, highlighting their potential to amplify African voices on the global stage. Speaking at the Africa Blockchain Festival 2025 in Kigali, Banks emphasized that tools like blockchain and artificial intelligence (AI) are crucial for elevating creativity and opening new […]
Nigerian Geochemist Pushes for Smarter, Sustainable Oil Production with New Scientific Evidence
Nigeria’s efforts to strengthen and modernise its energy sector are receiving a significant boost from new scientific insights, as petroleum geochemist Dr. Omonigho Khalin Egbo advances research aimed at improving oil production efficiency and long-term planning. In an interview with The Guardian, Dr. Egbo explained that his work is designed to help the federal government […]
Nigeria to Host 2026 ACI Africa Conference as Aviation Leaders Endorse Country’s Readiness
Nigeria has officially announced its readiness to host the 2026 Airports Council International (ACI) Africa Regional Conference and Exhibition. The confirmation followed a high-level visit by ACI Africa Secretary-General, Ali Tounsi, who met with the Minister of Aviation and Aerospace Development, Festus Keyamo, in Abuja. The engagement marks one of the first major steps in […]
SEC Urges Stronger Compliance Culture After Nigeria’s FATF Grey List Exit
Nigeria’s recent removal from the Financial Action Task Force (FATF) Grey List has prompted the Securities and Exchange Commission (SEC) to call for stronger and more proactive compliance standards across the nation’s capital market. Speaking at the Nigerian Capital Market Institute Compliance Summit, SEC Director-General Dr. Emomotimi Agama described the milestone as a major turning […]
Nigerian Market Slips as Capitalisation Falls by N69bn Amid Renewed Sell Pressure
The Nigerian equities market opened the week on a gloomy note as sustained sell pressure in 26 stocks dragged market capitalisation down by N69 billion. Investors, still cautious amid ongoing economic headwinds, drove the market deeper into negative territory, extending the bearish sentiment that has dominated recent sessions. By the close of trading, the All-Share […]
Fitch Predicts Bank of Ghana Policy Rate Could Drop to 16.5% by 2026 Amid Stable Economy
Fitch Solutions has projected that the Bank of Ghana (BoG) could lower its monetary policy rate to 16.5% by the end of 2026, reflecting the country’s stable currency and declining inflation. The UK-based research firm cited Ghana’s improving macroeconomic environment as a key driver for further monetary easing, signaling a potential boost to private-sector lending […]
MTN Nigeria Remits N6.9 Trillion in Taxes, Reinforcing Role as Key Economic Driver
MTN Nigeria has reaffirmed its position as a cornerstone of the nation’s economy, revealing that its cumulative tax, levies, and duties contributions have now exceeded N6.9 trillion. The announcement highlights the telecom giant’s vital role in supporting government revenues, especially during a period of heightened fiscal pressures and ongoing economic reforms. The company’s tax payments […]
Nigeria Achieves Global Quality Recognition, Boosting Exports to 140 Countries
Nigeria has achieved a major milestone in global trade after the Nigerian National Accreditation System (NINAS) received international recognition. This breakthrough means products certified by NINAS-accredited laboratories and certification bodies are now accepted in over 140 countries, significantly reducing export rejections and saving millions in foreign exchange. The development positions Nigeria as a leader in […]
Afreximbank Aims to Boost African Trade to $40 Billion Under AfCFTA
Afreximbank has set an ambitious target of $40 billion to accelerate intra-African trade and industrialisation under the African Continental Free Trade Area (AfCFTA). Speaking at the AfCFTA Public Sector, Private Sector, and Press Summit in Abuja, Dr. Gainmore Zanamwe, Director of Trade Facilitation and Investment Promotion at Afreximbank, outlined the bank’s commitment to providing robust […]
Dangote Champions Mechanised Farming to Boost Nigeria’s Economic Growth
The Dangote Group is leading efforts to modernize Nigeria’s agricultural sector through strategic partnerships aimed at boosting productivity and economic growth. The company’s initiatives were highlighted as it sponsors the 17th National Agricultural Show, which opens on Tuesday, November 25, 2025, in Keffi, Nasarawa State. According to the company, mechanised agriculture is key to strengthening […]
Google Unveils Gemini 3: A New Era of Agentic AI Transforming Search and Productivity
Google has officially launched Gemini 3, marking a major leap in artificial intelligence. This new AI model is designed to enhance reasoning, understand nuance, and provide powerful agentic capabilities across Google’s suite of products. According to CEO Sundar Pichai, the launch represents a “new chapter” in making AI more helpful, personalized, and intelligent for everyday […]
AI-Driven Future Dominates CICSRN Lagos Conference on Office Management
Artificial Intelligence (AI) took center stage at the 38th Annual National Conference and 2024 AGM of the Chartered Institute of Certified Secretaries and Reporters of Nigeria (CICSRN) in Lagos. Professionals, scholars, and policymakers gathered to discuss how emerging AI technologies are transforming office management and public administration across the country. The four-day conference, themed “Effective […]
Naira Strengthens Ahead of 303rd CBN MPC Meeting, Hits N1,452/$1
The Nigerian Naira recorded modest gains across the foreign exchange market on Monday, trading at N1,452/$1, up from N1,458/$1 last Friday, as investors positioned themselves ahead of the highly anticipated 303rd Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN). The two-day meeting, held in Abuja from November 24 to 25, 2025, […]
Musk’s X Sparks Global Debate Over Location Feature Revealing MAGA Accounts Abroad
Elon Musk’s X platform is facing a firestorm after introducing a new feature that reveals the location of user accounts. Launched by X’s head of product Nikita Bier, the tool aims to increase transparency by showing the country or region an account operates from. “This is an important first step to securing the integrity of […]
Lagos State Issues Record N244.82 Billion Bond to Boost Infrastructure and Green Development
Lagos State has made history with its latest bond issuance, raising N244.82 billion to fund major infrastructure and green development projects. The announcement marks the largest bond ever issued by a Nigerian subnational government, highlighting Lagos’ growing reputation as a leader in innovative financing. Analysts say the move opens new opportunities for other states to […]
AFC and NGX Boost Nigeria’s Capital Market Capacity to Fund Infrastructure Projects
Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, and Nigerian Exchange Limited (NGX), the country’s sustainable capital market champion, have joined forces to strengthen Nigeria’s market capacity for financing infrastructure projects. The collaboration culminated in a two-day workshop in Lagos, aimed at equipping financial professionals with the technical skills needed to mobilize capital for […]
Nigerian Stock Market Slides Again as Sell-Offs Wipe N69 Billion from Market Capitalization
The Nigerian equities market continued its downward trend yesterday, closing in negative territory as widespread profit-taking weighed on investor sentiment. The All Share Index (ASI) dropped by 108.01 points, a 0.08% decline, to settle at 143,614.61 points, while market capitalization fell by N69 billion to N91.346 trillion. Analysts say the decline reflects ongoing caution among […]
European Markets Set for Weak Open as Investors Ignore Wall Street Rally
European markets are poised for a muted start on Tuesday, with major indices expected to open flat to slightly lower despite a rebound in U.S. stocks at the beginning of the week. Early projections show London’s FTSE drifting marginally lower, Germany’s DAX down 0.2%, France’s CAC 40 slipping 0.42%, and Italy’s FTSE MIB unchanged. Traders […]
NNPC Sets June 2026 Deadline to Seal New Refinery Partnerships as Nigeria Targets Global Standards
The Nigerian National Petroleum Company Limited (NNPCL) has set June 2026 as the deadline to select technical partners for its long-struggling state-owned refineries, marking a decisive shift after years of stalled rehabilitation efforts. GCEO Bayo Ojulari, speaking in Abuja, acknowledged that the country had lost critical refining expertise over time, leaving the Port Harcourt, Warri, […]
CBN Expected to Cut Interest Rate Again as Inflation Cools — Analysts Predict Up to 100bps Slash
As the Central Bank of Nigeria’s Monetary Policy Committee concludes its November meeting today, analysts widely expect another round of interest-rate cuts, signaling a shift toward more accommodative monetary policy. Market watchers believe the MPC may reduce the benchmark rate by 25 to 100 basis points, continuing the dovish trend that began in September when […]
Africa’s Solar Potential Underutilized as EU Mobilizes €15.5 Billion for Renewable Energy
Africa is home to 60% of the world’s best solar resources, yet it receives a mere 2% of global energy investment, highlighting a significant gap between potential and funding, according to the European Union. Despite its abundant solar wealth, the continent faces high capital costs, geographic barriers, limited investment, and supply chain challenges that slow […]
Lontor Hi-Tech Drives Sustainable Energy Growth with N1.2 Billion Investment
Lontor Hi-Tech Development Company has reinforced its commitment to sustainable energy and smart living with a N1.2 billion investment in integrated solar-powered technologies for domestic and commercial use across Nigeria. The firm’s initiative focuses on innovation, collaboration, and inclusive growth, aiming to provide reliable and eco-friendly energy solutions nationwide. At its annual business conference in […]
FG Accelerates Digitalisation with Humanitarian Ministry’s Adoption of 1Government Cloud
The Federal Ministry of Humanitarian Affairs and Poverty Reduction has officially gone live on the 1Government Cloud Enterprise Content Management System (ECMS), marking a key milestone in Nigeria’s digitalisation agenda. The launch, held at the ministry’s headquarters in Abuja, underscores the government’s commitment to transitioning federal institutions to paperless operations under the Nigeria First Policy. […]
Trump Administration Pauses State AI Regulation Crackdown Amid Growing Opposition
The Trump administration appears to be stepping back from its aggressive stance against state-level AI regulation. President Trump had recently emphasized on social media that the U.S. needs “one Federal Standard instead of a patchwork of 50 State Regulatory Regimes,” signaling the administration’s intent to centralize AI oversight. Previously, a 10-year ban on state AI […]
Nigeria’s Tax Reform Push: How VAT, Free Zones and Capital Gains Changes Aim to Rebuild Fiscal Fairness
Nigeria’s push to rebuild fiscal fairness is reshaping how businesses, investors and everyday citizens experience taxation. After decades of oil-dependence, fragmented tax structures and inconsistent incentives, the government has embarked on some of the most sweeping reforms in recent history—touching Value Added Tax (VAT), Free Trade Zone exemptions and Capital Gains Tax (CGT). For many […]
EU Launches €30M Cultural Partnership to Empower Nigerian Creatives
The European Union has unveiled a €30 million cultural empowerment initiative aimed at boosting Nigeria’s creative sector and strengthening Africa–Europe collaboration. The project, known as the Africa–Europe Partnerships for Culture (AEPC) Nigeria Cluster, was launched in Lagos with a clear mission: to empower artists, support cultural organisations, and unlock global opportunities for Nigerian creatives. Implemented […]