Nigerian Companies Announce Q3 2025 Dividends Totaling N234.9 Billion
Nigeria’s equity market saw a strong wave of dividend announcements in the third quarter of 2025, with twelve…
Yearly Archives
2025
Experts Urge Productive Investments as Key to Nigeria’s Eurobond Repayment
Nigeria’s recent $2.35 billion Eurobond issuance, its largest in four years, has reignited discussions on the…
Nigeria’s FX Inflows Hit Five-Month High as Investor Confidence Surges
Nigeria’s foreign-exchange (FX) market recorded a remarkable rebound in October, reaching a five-month high as both…
Nigeria Debt Hits N91.99 Trillion as Investors Brace for Higher Interest Rates
Nigeria’s total debt surged to N91.99 trillion last week as investors sold off bonds and Treasury bills in…
Tinubu Orders Siemens Energy to Upgrade Major Power Substations to Three Phases
President Bola Tinubu has directed Siemens Energy to expand Nigeria’s major power substations from two to three…
LemFi Esewa Remittance Partnership Approved by Nepal Central Bank to Boost Money…
LemFi, through RightCard Payment Services Limited, has secured approval from Nepal Rastra Bank, the Central Bank of…
Nigeria Crude Oil Earnings Drop by N824.66 Billion in 2024 Despite Revenue Growth
Nigeria’s crude oil and gas sector experienced a significant decline in profitability in 2024, with gross earnings…
AI in Africa: How Kora’s Sundown Sessions is Shaping the Continent’s Digital…
Lagos recently played host to a landmark event that is sparking conversations about Africa’s digital future. Kora,…
French Tech Startups Raise €6 Billion in 2025 Amid Growing Global Innovation
French tech startups have achieved a remarkable milestone in 2025, raising €6 billion from January to September,…
Nigerian Stocks Fall as Profit-Taking Wipes Out ₦471.99bn — NGX Opens Week on…
The Nigerian stock market opened the week on a bearish note, with the Nigerian Exchange Limited (NGX) recording a…
European Stocks Rise as U.S. Government Shutdown Nears Resolution
European markets opened higher on Tuesday as hopes grew that the prolonged U.S. government shutdown could soon be…
Crucial Things to Consider When Buying Shares in Nigeria’s Stock Market
Investing in stocks remains one of the most powerful ways to build wealth, but it requires strategy, discipline,…
Dangote Refinery’s Price Slash May End Petrol Imports in Nigeria as Marketers…
Nigeria’s petroleum market is bracing for a major shift as marketers consider halting petrol imports following a…
Nigerian Banks Earn Record N14.7tn Interest Income in Nine Months Amid High-Rate…
Nine of Nigeria’s biggest banks collectively earned a staggering ₦14.7 trillion in interest income between January…
Lagos State Launches N214.8bn Bond to Fund Infrastructure and Green Projects
Lagos State has officially launched a dual bond offering worth N214.8 billion, marking its largest capital market…
European Markets Rally as U.S. Government Shutdown Hopes Boost Investor Confidence
European markets opened sharply higher on Monday, driven by growing optimism that a U.S. government shutdown could…
Nigeria Seeks $500 Million World Bank Loan to Boost MSME Financing
The Federal Government of Nigeria has formally requested a $500 million loan from the World Bank to improve…
Dollar Inflows Into Nigeria Jump 62% in October, Boosting Investor Confidence
Nigeria’s foreign exchange market recorded a major rebound in October as total dollar inflows into Nigeria climbed…
Nigeria, IMF Strengthen Partnership on Economic Reforms and 2026–2030 Growth Plan
Nigeria has reaffirmed its commitment to evidence-based policymaking and inclusive economic transformation as the…
Nigeria’s Crude Oil Earnings Plunge 43% Despite Production Rebound
Nigeria’s crude oil and gas profits dropped sharply by 43 per cent in 2024, falling to ₦1.08 trillion from ₦1.9…
HEDA Urges Tinubu to Suspend 15% Fuel Import Tariff Amid Worsening Economic…
The Human and Environmental Development Agenda (HEDA Resource Centre) has urged President Bola Ahmed Tinubu to…
Meta Earns $7 Billion Annually from Scam Ads, Internal Report Reveals
Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, is under fire following revelations…
OpenAI Urges Expansion of Chips Act Tax Credit to Support AI Data Centers
OpenAI is pushing the federal government to expand the Chips Act’s tax incentives beyond semiconductor…
Nigeria’s Crude Oil Earnings Plummet 43% Despite Rising Production in 2024
Nigeria’s earnings from crude oil and gas sales plunged by 43% in 2024, even as production increased, highlighting…
Dollar Weakens on Hopes of U.S. Government Shutdown Ending Soon
The U.S. dollar weakened on Monday as investor optimism grew over a potential end to the prolonged government…
FG Exceeds 2025 Borrowing Target by 55.6%, Raising Debt Sustainability Concerns
The Federal Government of Nigeria has borrowed N17.36 trillion from domestic and foreign sources in the first ten…
Nigeria, IMF Strengthen Partnership on 2026–2030 Economic Reforms
Nigeria is intensifying its collaboration with the International Monetary Fund (IMF) as it charts a course for…
National Payment Stack Executes First Bank-Fintech Transaction in Nigeria
The National Payment Stack (NPS) has achieved a major milestone in Nigeria’s digital finance landscape by…
Dangote and Fuel Depots Slash Petrol Prices in Fresh Market Battle
Nigeria’s downstream fuel market is witnessing a fresh price war as Dangote Refinery and private depot operators…
ABCON Calls on CBN to Empower BDCs, Boost Forex Inflows and Stabilise Naira
The Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to…