Business Local Stock Nigerian Equities Market Decline Deepens as Investors Lose N371bn Amid Profit-Taking October 31, 2025 Ekemini Uba The Nigerian equities market extended its losing streak for the fourth straight session on Thursday, as investors’ appetite for risk continued to weaken amid profit-taking and portfolio realignments. The sustained…
Business Energy Local Petrol Price May Rise to ₦1,163 as Tinubu’s New Tariff Targets ₦4.8 Trillion Revenue October 31, 2025 Ekemini Uba Nigerians may soon pay as much as ₦1,163 per litre of petrol as the Federal Government introduces a new tariff policy aimed at generating ₦4.8 trillion annually from taxes on…
Business Local Macroeconomic BusinessNigerians hold N4.47 trillion cash outside banks in September as money supply drops October 31, 2025 Ekemini Uba Nigerians held N4.47 trillion in cash outside the banking system in September 2025, despite a contraction in overall money supply, according to the Central Bank of Nigeria’s latest money and…
Banking Business Finance Local Reps Launch Probe into Multiple Bank Charges, Excessive Tax Deductions on Workers’ Incomes October 31, 2025 Ekemini Uba The House of Representatives has set up an ad-hoc committee to investigate widespread complaints over excessive tax deductions and multiple bank charges affecting civil and public servants across Nigeria. The…
Business Energy Local Dangote Rejects NNPC Refinery Purchase, Urges Private Investors to Step Up October 31, 2025 Ekemini Uba Africa’s richest man, Aliko Dangote, has dismissed suggestions that he should acquire one of Nigeria’s moribund state-owned refineries, saying he would rather expand the capacity of his privately owned refinery…
Business Local Technology Ntel CEO Calls for Fintech-Telco Convergence to Power Nigeria’s Digital Economy October 30, 2025 Ekemini Uba Soji Maurice-Diya, chief executive officer of Nigerian Telecommunications Ltd. (ntel), has called for stronger collaboration between Nigeria’s telecommunications and financial sectors, arguing that a convergence between telcos and fintechs could…
Business Economy Local CBN May Backtrack on Fixed-Income Market Control as Nigeria Reviews Policy Shift October 30, 2025 Ekemini Uba Nigeria’s plan to let the Central Bank of Nigeria (CBN) take over control of the nation’s fixed-income market may soon be reversed as government agencies review the proposal, according to…
Banking Business Energy International BVI Court Orders Ex-Seplat Chairman Orjiako to Pay $220 Million in Landmark Debt Enforcement Ruling October 30, 2025 Ekemini Uba In a landmark decision that has sent ripples across international financial and legal communities, the British Virgin Islands (BVI) Commercial Court has ordered Dr. Ambrosie Bryant Chukwueloa Orjiako, former chairman…
Business Local NAICOM, FRSC Partner to Enforce Third-Party Motor Insurance Nationwide October 30, 2025 Ekemini Uba The National Insurance Commission (NAICOM) and the Federal Road Safety Corps (FRSC) have joined forces to strengthen the enforcement of compulsory Third-Party Motor Insurance across Nigeria. The collaboration was formalised…
Business Local Technology FG Launches Automated Customs Payment System to Revolutionize Parcel Clearance in Nigeria October 30, 2025 Ekemini Uba The Federal Government has unveiled the Nigerian Postal Service (NIPOST) Automated Payment Solution, a digital platform designed to simplify customs payments for international parcels and enhance transparency in cross-border trade.…
Agriculture Business Local FG’s $2.5bn investments drive seen lifting dairy farming October 30, 2025 Ekemini Uba President Bola Tinubu has announced that Nigeria has secured $2.5 billion in investments to establish six modern meat-processing factories across the country over the next five years. The initiative includes…
Business International Market JUST IN: Eurozone growth beats expectations in third quarter October 30, 2025 Ekemini Uba The eurozone economy grew faster than expected in the third quarter of 2025, official data showed Thursday. The EU’s data agency said the 20-country single currency area recorded growth of…
Business Energy Local JUST IN: Tinubu okays 15% import duty on petrol, diesel October 30, 2025 Ekemini Uba President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on imported petrol and diesel, effective immediately, in a move aimed at protecting Nigeria’s growing…
Business Energy Local What we’re doing to get Nigeria’s refineries back on track — NNPC’s Ojulari October 30, 2025 Ekemini Uba The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Engr. Bashir Bayo Ojulari, has assured Nigerians that the company is taking deliberate steps to…
Business Local Macroeconomic Bank of Ghana Confident Inflation Will Drop Further by Year-End as Cedi Strengthens October 30, 2025 Ekemini Uba The Bank of Ghana (BoG) is expressing optimism that inflation will continue to fall before the end of 2025, building on months of steady disinflation driven by a stronger cedi…
Business Energy Local Cooking Gas Price Surge Threatens Nigeria’s Clean Energy Transition Goals October 30, 2025 Ekemini Uba The sharp and persistent surge in cooking gas prices across Nigeria is endangering the country’s clean energy transition agenda. With prices climbing to as high as ₦3,000 per kilogram in…
Business Energy Local Seplat Energy’s $1.1 Billion Earnings Surge in Nine Months, Driven by Mobil Acquisition October 30, 2025 Ekemini Uba Seplat Energy Plc has delivered one of its strongest financial performances to date, reporting Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) of $1.1 billion for the first nine months…
Local Technology NCC Partners with Swedfund to Secure Nigeria’s 5G Future and Strengthen Cyber Resilience October 30, 2025 Ekemini Uba The Nigerian Communications Commission (NCC) has signed a landmark partnership with Swedfund, Sweden’s Development Finance Institution, to bolster the security and reliability of Nigeria’s 5G network infrastructure. The collaboration aims…
International Technology Nvidia becomes first US public firm to reach $5 Trillion valuation boosted by A.I. Boom October 30, 2025 Ekemini Uba Nvidia has made history by becoming the first U.S. publicly traded company to reach a $5 trillion market valuation, marking a defining moment in the global technology industry. The milestone…
Business Finance Local Economists Urge CBN to Introduce ₦10,000 and ₦20,000 Notes to Restore Naira’s Value October 30, 2025 Ekemini Uba Nigeria’s weakening currency may soon require a major policy rethink, as a new report by Quartus Economics has urged the Central Bank of Nigeria (CBN) to introduce higher-value naira notes…
Business International Market October 30, 2025 Ekemini Uba European stock markets opened in negative territory on Thursday as investors braced for a packed day of economic updates, major corporate earnings, and the European Central Bank’s latest policy decision.…
Local Technology NITDA Urges States to Drive Nigeria’s 70% Digital Literacy Target by 2027 October 30, 2025 Ekemini Uba The National Information Technology Development Agency (NITDA) has urged state governments to play a more active role in achieving Nigeria’s 70 percent digital literacy target by 2027. The agency’s Director-General,…
Business Energy Local World Bank Forecasts Sharp Decline in Global Commodity Prices as Oil Surplus Expands October 30, 2025 Ekemini Uba Global commodity prices are projected to drop to their lowest levels in six years by 2026, extending a four-year slump, according to a new World Bank report released on Wednesday.…
Business Local Market NGX Group Market Capitalisation Soars 37.7% to ₦141.75 Trillion Amid Rising Investor Confidence October 30, 2025 Ekemini Uba The Nigerian Exchange Group (NGX) has reported a significant 37.7% growth in its market capitalisation, climbing to ₦141.75 trillion as of September 2025 from ₦102.94 trillion recorded in the same…
Business Energy Local NUPRC Urges Bank of America to Prioritize Funding Nigeria’s Oil Sector Growth October 29, 2025 Ekemini Uba The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on the Bank of America and other major financial institutions to give greater priority to funding Nigeria’s oil and gas sector.…
Business Energy Local Energy Leaders Push for Policy Harmony to Boost Africa’s Oil and Gas Integration October 29, 2025 Ekemini Uba At the 19th Oil Trading and Logistics (OTL) Africa Downstream Energy Week 2025 in Lagos, regulators and industry leaders across Africa renewed calls for stronger regional collaboration, regulatory harmonisation, and…
Business Energy Local FG Secures ₦700 Billion to Deploy 1.1 Million Electricity Meters by December 2025 October 29, 2025 Ekemini Uba The Federal Government has announced it has secured about ₦700 billion from the Federation Account Allocation Committee (FAAC) to deploy 1.1 million electricity meters across Nigeria by December 2025. Minister…
International Technology Memento Labs CEO Confirms Spyware Misuse by Government Client After Kaspersky Uncovers “Dante” Malware October 29, 2025 Ekemini Uba The CEO of Italian surveillance technology company Memento Labs, Paolo Lezzi, has confirmed that one of its government customers was responsible for deploying an outdated version of its Dante spyware,…
Business International Market U.S. Stock Futures Hold Steady as Investors Await Fed Rate Cut Decision October 29, 2025 Ekemini Uba U.S. stock futures traded mostly unchanged Tuesday night as investors awaited the Federal Reserve’s key interest rate decision. The Dow Jones Industrial Average slipped by 33 points, or 0.07%, while…
Business Finance Local NGX Group Market Capitalisation Soars 37.7% to ₦141.75 Trillion as Investor Confidence Deepens October 29, 2025 Ekemini Uba The Nigerian Exchange Group (NGX Group) has posted a remarkable 37.7 per cent surge in market capitalisation, rising to ₦141.75 trillion as of September 2025 from ₦102.94 trillion recorded during…
