Capital Gains Tax Hike Sparks Investor Sell-Off Fears in Nigeria Ahead of 2026 Implementation
Nigeria’s newly introduced Capital Gains Tax (CGT), set to take effect on January 1, 2026, has sparked concerns among analysts…
Year: 2025
Inflation and Rising Costs Threaten Nigeria’s Industrial Growth, CANMPEF Warns
The Chemical and Non-Metallic Products Employers Federation (CANMPEF) has raised fresh concerns over the worsening economic environment, warning that inflation,…
Nigerian Stock Market Remains Cautious After ₦2.83 Trillion Loss as Investors Rebalance Portfolios
After a sharp ₦2.83 trillion loss last week, the Nigerian stock market is expected to trade cautiously this week as…
NGX Strengthens Africa’s Islamic Finance Leadership with Expansion of Non-Interest Finance Board
The Nigerian Exchange Limited (NGX) has reaffirmed its leadership in advancing Africa’s Islamic finance landscape with the strategic expansion of…
Nigeria Hosts Practical Nigerian Content Forum 2025 to Drive Local Content Growth and Energy Investment
Nigeria is strengthening its position as a leader in local content development across Africa, as the country prepares to host…
AI and Cloud Computing Fuel Global Data Centre Construction Boom — But Risks Are Rising
A new report by Allianz Commercial reveals that artificial intelligence (AI) and cloud computing are driving a record-breaking boom in…
Experts Urge Nigeria, African Nations to Harness AI and Robotics for Regional Development
Technology experts have called on Nigeria and other African countries to fully embrace artificial intelligence (AI), robotics, and other emerging…
Shell Awards Offshore Gas Development Deal to Halliburton in Boost for Nigeria’s LNG Future
Shell Nigeria Exploration and Production Company (SNEPCo) has awarded Halliburton an integrated drilling and completion services contract for the development…
Nigeria Risks Oil Production Decline Without New Discoveries, NAPE Warns
Nigeria’s oil production could face a steep decline in the coming years if the country fails to make new crude…
Nigeria, Germany Deepen Skills and Tech Partnership to Power $1 Trillion Economy Goal
Nigeria is strengthening its partnership with Germany to accelerate its drive toward a $1 trillion economy by 2030. The collaboration…
FG Grants ₦200 Million to 14 Women Engineers to Boost Innovation in Nigeria
The Federal Government of Nigeria has empowered 14 exceptional women engineers with grants totaling ₦200 million to scale up innovative…
European Markets Stay Flat as AI Valuation Jitters Weigh on Stocks; Novo Nordisk Slips After Drug Price Deal
European stocks were largely unchanged on Friday, with major indices struggling to recover from Thursday’s losses as investors grew cautious…
Ellah Lakes Secures SEC Approval for ₦235 Billion Public Offer to Drive Tolaram’s ARPN Acquisition
Ellah Lakes Plc has received the green light from Nigeria’s Securities and Exchange Commission (SEC) to proceed with its ₦235…
Ghana Reference Rate Rises Slightly to 17.93% in November as Market Pressures Ease
The Ghana Reference Rate (GRR) — the key benchmark used by commercial banks to set lending rates — has edged…
Tesla Shareholders Approve Elon Musk’s Record $1 Trillion Pay Package Amid Controversy
Tesla shareholders have officially approved CEO Elon Musk’s record-breaking $1 trillion pay package, solidifying his position as one of the…
Northern Manufacturers Applaud 15% Fuel Import Tariff as Boost for Local Refining and Economic Growth
Industrialists across Northern Nigeria have endorsed the Federal Government’s introduction of a 15% import duty on petroleum products, describing the…
Nigeria’s Top Banks Earn N4.8 Trillion from Fixed-Income Investments in 9 Months
Nigeria’s biggest lenders — First HoldCo, UBA, GTCO, Access Corporation, and Zenith Bank, collectively known as FUGAZ — have raked…
Nigerian Stock Market Sheds N1.8 Trillion in Four Days Amid Capital Gains Tax Jitters and Trump’s Threat
The Nigerian Exchange (NGX) suffered another bruising week as panic-driven sell-offs erased about N1.8 trillion in market value within just…
Over 700 SMEs Receive ₦1.1 Trillion Boost as Nigeria’s Impact Investing Market Gains Momentum
Over 700 small and medium enterprises (SMEs) across Nigeria have received a combined ₦1.1 trillion in funding through development finance…
China and Nigeria Strengthen Economic Partnership to Boost Global Supply Chain Stability
China has reaffirmed its commitment to bolstering economic and industrial cooperation with Nigeria, with a pledge to inject new energy…
Nigeria Poised for Oil Output Boost as NUPRC Confirms Readiness of EMEM FPSO Vessel
Nigeria’s crude oil output is set for a major surge as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced progress…
U.S. Dollar Falls as Weak Jobs Data Sparks Rate Cut Bets
The U.S. dollar fell sharply in early Asian trading on Friday, leading losses across major currencies as investors digested weak…
UPDC, FCMB Lead Market Gainers as All-Share Index Slips 0.36% Amid Weak Trading Activity
The Nigerian stock market closed on a bearish note on Thursday, November 6, 2025, as the All-Share Index fell by…
Inflation Pushes More Nigerians Into Energy Poverty, Says NISO
Rising inflation and falling household incomes are driving millions of Nigerians deeper into energy poverty, despite being connected to the…
Nigeria’s Eurobond Success Set to Boost FX Reserves to $45 Billion by Year-End
Nigeria’s foreign exchange reserves are on track to hit $45 billion by the end of 2025, buoyed by strong investor…
Oando suspends petrol imports as Dangote raises output
Oando Plc has officially suspended its petrol importation amid the rising influence of the Dangote Refinery, which continues to reshape…
Tinder to use AI to get to know users, tap into their Camera Roll photos
Tinder is betting big on artificial intelligence to revive its slowing growth. After reporting nine consecutive quarters of declining paid…
Nigeria’s AI Growth Faces Funding Crisis Despite Strong Implementation, Report Warns
Nigeria has emerged as West Africa’s frontrunner in artificial intelligence (AI) adoption and investment, but its ambitions may be derailed…
Biased Credit Ratings Cost Africa $75 Billion Annually, Experts Warn
Experts have sounded the alarm over the economic toll of biased credit ratings in Africa, revealing that the continent loses…
Nigeria’s GDP Forecast to Grow 3.7% in Q4 2025 as Fiscal Reforms Boost Revenue and Investor Confidence
Nigeria’s economy is set to close 2025 on a positive note, with analysts projecting a 3.7% Gross Domestic Product (GDP)…