International Technology Agentic AI Set to Reshape Global Banking as Customer Adoption Surges, Says McKinsey Report November 3, 2025 Ekemini Uba A new McKinsey & Company Global Banking Annual Review (2025) reveals that agentic artificial intelligence (AI) is on the brink of transforming the global banking industry. The report highlights that…
Energy Local Macroeconomic CSOs Applaud Tinubu’s 15% Fuel Import Tariff as Step Toward Energy Independence November 3, 2025 Ekemini Uba A coalition of civil society organisations under the banner of the Coalition of Civil Rights Activists has commended President Bola Ahmed Tinubu for approving a 15% import duty on refined…
Business Local Macroeconomic World Bank Set to Approve Nigeria’s $1 Billion Development Loan in December to Boost Jobs and Investment November 3, 2025 Ekemini Uba The World Bank has scheduled December 16, 2025, as the tentative date to approve Nigeria’s $1 billion Development Policy Financing (DPF) under the Nigeria Actions for Investment and Jobs Acceleration…
Business Energy Local OPEC+ Pauses Oil Output Increases for Q1 2026 After December Hike November 3, 2025 Ekemini Uba The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) have announced plans to pause oil output increases during the first quarter of 2026, following a modest production hike…
Banking Business Local Seven Nigerian Banks Pay ₦674.68bn in Taxes in H1 2025 Amid Rising Earnings November 3, 2025 Ekemini Uba Seven of Nigeria’s leading banks remitted a total of ₦674.68 billion in taxes to the federal government in the first half of 2025, reflecting a 14.69 percent increase from ₦588.25…
Business Energy Local Transcorp CEO Owen Omogiafo Urges Faster Energy Access to Power Africa’s Economic Growth November 3, 2025 Ekemini Uba The President and Group Chief Executive Officer of Transcorp Plc, Dr. Owen Omogiafo, has called for urgent action to improve energy access across Africa, stressing that the continent must accelerate…
Business International Market U.S. Stock Futures Steady as November Trading Begins Amid Earnings Optimism and AI Momentum November 3, 2025 Ekemini Uba U.S. stock futures opened slightly higher on Monday, marking a steady start to November trading as investors digested solid corporate earnings and the ongoing buzz around artificial intelligence. Futures tied…
Business Local Market Top 10 Best-Performing Nigerian Stocks in October 2025: NGX Extends Bullish Streak with 8% Monthly Gain November 3, 2025 Ekemini Uba The Nigerian Exchange (NGX) ended October 2025 on a bullish note, with the market advancing 8% to cap another month of strong performance. According to the NGX All-Share Index, the…
Business Local Innovation, efficiency top agenda as ICMR installs fourth president November 3, 2025 Ekemini Uba Calls for innovation, efficiency, and digital transformation took center stage at the 14th Annual Conference and Presidential Investiture of the Institute of Capital Market Registrars (ICMR), where Mrs. Catherine Nwosu…
Business Local Stock BUA Foods Becomes Nigeria’s Most Valuable Company, Surpasses Dangote and MTN with N12.5 Trillion Market Cap November 3, 2025 Ekemini Uba BUA Foods Plc has officially dethroned Dangote Cement and MTN Nigeria to become the most valuable company on the Nigerian Exchange (NGX), achieving a market capitalization of N12.5 trillion. The…
Business Economy International European Markets Open Higher as Auto Stocks Surge and Investors Await Key Central Bank Decisions November 3, 2025 Ekemini Uba European markets opened the new trading month on a strong footing Monday, with auto stocks leading early gains as investors brace for a week packed with central bank meetings and…
Business Energy Local Oando Suffers $450 Million Revenue Loss as Dangote Refinery Reshapes Nigeria’s Oil Market November 3, 2025 Ekemini Uba Oando Plc, one of Africa’s largest integrated energy companies, has reported a significant $450 million decline in revenue, linking the loss directly to the operational ramp-up of Aliko Dangote’s $20…
Business International Macroeconomic Woodhall Capital Targets $50 Billion in Global Investments to Drive Nigeria’s Development November 3, 2025 Ekemini Uba Woodhall Capital, under the leadership of its founder, Mojisola Hunponu-Wusu, is spearheading efforts to attract $50 billion in global investments aimed at accelerating development projects across Nigeria. In a recent…
Business Economy Local FG Promises Stakeholder Engagement on 2026 Tax Reforms to Ensure Fair, Transparent System November 3, 2025 Ekemini Uba The Federal Government has assured that the upcoming Nigeria 2026 tax reforms will be implemented through open and continuous consultation with key stakeholders across sectors. Minister of Finance and Coordinating…
Business Local Macroeconomic Naira Strengthens to ₦1,421/$ — 2025 Peak Fueled by Rising Forex Supply and Investor Confidence November 3, 2025 Ekemini Uba The Nigerian naira ended October 2025 on a high note, appreciating to ₦1,421.73 per dollar — its strongest level this year — according to data from the Central Bank of…
Business Energy Local Seplat Energy Reports N3.36 Trillion Revenue in 9 Months, Declares 7.5 US Cents Dividend October 31, 2025 Ekemini Uba Seplat Energy PLC has posted impressive financial results for the nine months ended September 30, 2025, with revenues soaring to N3.356 trillion, up from N1.071 trillion in the same period…
Business Energy Local Presidency Defends 15% Fuel Import Tariff October 31, 2025 Ekemini Uba The Nigerian Presidency has confirmed that President Bola Tinubu has approved a 15 per cent import tariff on petrol and diesel, calling it a strategic move to promote local refining…
Business Local Technology MTN and Airtel Nigeria Profits Surge to ₦1.83 Trillion as Naira Strengthens October 31, 2025 Ekemini Uba Nigeria’s telecom giants, MTN Nigeria and Airtel Nigeria, have posted a combined profit of about ₦1.83 trillion, signalling a strong corporate recovery. The surge comes as the naira stabilizes, reversing…
Business Local Nigeria’s New Tax Laws to Revive Logistics Industry and Ease Road Transport Costs October 31, 2025 Ekemini Uba Nigeria’s logistics industry, which moves over 90 percent of the country’s goods by road, has long struggled under the weight of excessive taxation, with operators facing more than 200 official…
Agriculture Business Energy Local Nigeria Launches National Carbon Market Framework to Unlock $3 Billion in Annual Climate Finance October 31, 2025 Ekemini Uba President Bola Tinubu has approved the adoption of a National Carbon Market Framework (NCMF), alongside the operationalization of the Climate Change Fund and the restoration of the National Council on…
Business Energy Local Bonny Light Holds at $66 as Market Eyes Trump-Xi Trade Breakthrough October 31, 2025 Ekemini Uba Nigeria’s premium crude blend, Bonny Light, steadied at $66 per barrel on Wednesday, lifted by renewed optimism over trade talks between U.S. President Donald Trump and China’s President Xi Jinping.…
International Technology WhatsApp Introduces Passkey Support for Encrypted Backups, Enhancing User Privacy and Security October 31, 2025 Ekemini Uba WhatsApp has unveiled a new feature that allows users to access their encrypted chat backups using passkeys, offering a simpler and more secure way to restore chats. With this update,…
International Technology Canva Unveils Its Own AI Design Model and Expands Creative Suite with Smart Tools October 31, 2025 Ekemini Uba Canva has stepped into the next generation of design innovation with the launch of its own AI-powered design model. The creative suite company unveiled the new model on Thursday, describing…
Local Macroeconomic Trade FG Targets Under-7-Day Cargo Clearance at Nigerian Ports by 2026 – Shettima Unveils Port Efficiency Reforms October 31, 2025 Ekemini Uba The Federal Government has set a bold target to reduce cargo clearance time at Nigerian ports to less than seven days by the end of 2026, aiming to position the…
Business Local Macroeconomic Tinubu: Local Production Key to Stabilising Supply Chains and Strengthening Nigeria’s Economy October 31, 2025 Ekemini Uba President Bola Tinubu has reaffirmed his administration’s commitment to strengthening Nigeria’s economy through local production, saying it remains central to stabilising supply chains and reducing import dependence. The President made…
Local Macroeconomic Auditor General hinges inclusive economic growth on accountability October 31, 2025 Ekemini Uba The Auditor General for the Federation, Shaakaa Chira, has stressed that inclusive economic growth in Nigeria cannot thrive without strong accountability mechanisms. Speaking at the 2025 Nigeria Accountability Summit in…
Business Economy Local Nigeria’s New Tax Reforms to Eliminate Multiple Levies and Boost Haulage Industry, Says Oyedele October 31, 2025 Ekemini Uba The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has announced that Nigeria’s haulage and logistics industry will be one of the biggest winners from…
Business International Market European Markets Fall After ECB Decision as Investors Weigh Earnings and Trade Talks October 31, 2025 Ekemini Uba European stock markets opened lower on Friday as investors digested a mix of corporate earnings, economic data, and the European Central Bank’s (ECB) latest policy stance. The ECB kept its…
Business Local Stock Investors Lose ₦371bn as Profit-Taking Pressure Drags NGX Lower October 31, 2025 Ekemini Uba The Nigerian Exchange (NGX) closed Thursday’s trading session on a bearish note as widespread sell pressure in key stocks led to a market downturn. The benchmark All-Share Index (ASI) dropped…
Business Finance Local Nigerians Lose N316bn to Ponzi Schemes, SEC Warns Against Greed and Fake Investment Platforms October 31, 2025 Ekemini Uba The Securities and Exchange Commission (SEC) has disclosed that Nigerians have collectively lost about ₦316 billion to Ponzi schemes and illegal investment platforms over the years. The regulator warned that…
