Nigerian tech graveyard expands as multi-million dollar startups fold
Nigeria’s once-vibrant tech startup scene is witnessing a wave of shutdowns, as several high-profile, venture-backed firms close operations despite having…
Year: 2025
‘Operations not affected’ — Nestoil says it’s resolving debt issue with lenders
Nestoil Group says the enforcement action against the company’s asset does not affect operations. Earlier, police sealed off the corporate headquarters…
PayPal and OpenAI Join Forces to Bring Digital Wallet Payments to ChatGPT Users
PayPal has officially partnered with OpenAI to integrate its digital wallet into ChatGPT, creating a new way for users to…
MTN Fintech Wins Regional Award for Advancing Digital Literacy and Financial Inclusion Across Africa
MTN Group Fintech has achieved a historic milestone by winning the first-ever Regional Platform Business Award at the Y’ello Care…
Ghana’s Banking Sector Profit Surges 46% in 2025, Signaling Strong Economic Recovery
Ghana’s banking sector has recorded an impressive performance in 2025, with profit-after-tax soaring by 46.1% to GH¢9.7 billion in the…
Nigeria Targets $1 Trillion Economy by 2030, Says Minister Bagudu
The Federal Government has reiterated its confidence in achieving President Bola Tinubu’s ambitious goal of transforming Nigeria into a $1…
Nigeria Partners World Bank, Norway to Boost Aquaculture and Fisheries Development
The Federal Government of Nigeria has unveiled plans to collaborate with the World Bank, research institutions, and coastal communities to…
FGN Bonds Oversubscribed by 307% in October as Investor Confidence Soars
Nigeria’s Federal Government Bonds (FGN Bonds) recorded a massive 307.6% oversubscription at the October 2025 auction, reflecting renewed investor confidence…
How Artificial Intelligence Is Reshaping the Future of Music and Religion — Researcher Robinson Isichei Leads Global Conversation
Artificial Intelligence is redefining how people connect with music and faith, and one researcher is leading that conversation. Independent scholar,…
CBN Clarifies $1.25bn Q1 Oil Sector FX Transactions, Says No Direct Intervention
The Central Bank of Nigeria (CBN) has clarified that the reported $1.25 billion spent on oil sector imports in the…
NNPCL Launches Strategic Infrastructure Projects to Boost Nigeria’s Oil and Gas Growth
The Nigerian National Petroleum Company Limited (NNPCL) has unveiled a major strategic infrastructure development plan aimed at strengthening Nigeria’s oil…
European Stocks Slip Ahead of Fed Rate Decision as Investors Eye Powell’s Comments and Tech Earnings
European stocks are poised to open lower on Wednesday as investors tread cautiously ahead of the U.S. Federal Reserve’s much-anticipated…
Sanwo-Olu gets recognition for promoting digital engagement
Lagos State Governor, Babajide Sanwo-Olu, has been recognised for his exceptional contributions to digital engagement and media innovation in Nigeria.…
Gas Marketers Set 6 Million-Tonne LPG Supply Target, Forecast Price Drop as Local Production Rises in Nigeria
Nigeria’s Liquefied Petroleum Gas (LPG) marketers have announced plans to boost the nation’s annual gas supply to six million metric…
BREAKING: Banks place Nestoil under receivership over $1bn debt
Police have sealed off the corporate headquarters of Nestoil Limited in Victoria Island, Lagos, after the company was placed under…
Nigeria Faces $1.12B Eurobond and N100B Sukuk Maturities in Late 2025 Amid Rising Debt Pressures
Nigeria is bracing for two major debt obligations before the end of 2025, including a $1.12 billion Eurobond and a…
High Interest Rates Suppress Corporate Bond Issuance in Nigeria, Pension Fund Investments Dip
Nigeria’s soaring interest rates are taking a toll on corporate bond issuance, with pension fund investments in corporate debt declining…
Nigeria’s GenCos Mark 10 Years of Privatisation Amid N4 Trillion Debt Crisis and Power Sector Challenges
Nigeria’s power generation companies (GenCos) yesterday commemorated a decade since the country’s electricity privatisation, even as the sector grapples with…
Zoom CEO Eric Yuan Predicts AI Will Cut Workweek, Transform Remote Work
Zoom CEO Eric Yuan has shared a bold vision for the future of work, suggesting that artificial intelligence could help…
Dangote Refinery Expansion Gets Full FG Backing to Reach 1.4 Million BPD – Boosting Africa’s Energy Independence
The Federal Government has thrown its full support behind Dangote Refinery’s ambitious plan to expand its production capacity to 1.4…
Bitget Launches AI Trading Assistant “GetAgent” to Revolutionize Nigerian Crypto Market
Global digital asset platform Bitget has unveiled an AI-powered trading assistant, GetAgent, aimed at making crypto trading smarter and more…
Dangote Refinery Eyes $55 Billion Annual Revenue as Afreximbank Considers $5 Billion Expansion Credit
Africa’s richest man, Aliko Dangote, has announced plans to expand the capacity of his Lagos-based Dangote Petroleum Refinery from 650,000…
FG Spends ₦12.5bn to Recover Gold from Artisanal Miners, Boost Foreign Reserves and Strengthen Naira
The Federal Government has disbursed about ₦12.5 billion to recover gold from artisanal and small-scale miners across the country as…
FIRS Generates ₦22.59tn in 9 Months Amid Sweeping Tax Reforms
The Federal Inland Revenue Service (FIRS) has achieved a landmark revenue performance, collecting ₦22.59 trillion between January and September 2025,…
FRC Offers Free Business Integrity Certification for Nigerian SMEs Until March 2026
In a bid to promote ethical business practices and strengthen corporate governance, the Financial Reporting Council of Nigeria (FRC) has…
Transcorp Reports ₦413.4bn Revenue in Q3 2025, Driven by Power and Hospitality Growth
Transnational Corporation Plc (Transcorp) has reported a robust financial performance for the third quarter of 2025, recording a revenue of…
Nigeria’s Stock Market Sees 846% Surge in Foreign Inflows, Hits ₦1.03 Trillion as Investor Confidence Rebounds
Nigeria’s stock market has witnessed a dramatic resurgence in foreign investor confidence, with foreign portfolio inflows soaring by 845.9% to…
Weakened U.S. Dollar Helps Stabilize Ghana Cedi Amid Forex Market Pressures — Bank of Ghana
The Bank of Ghana (BoG) has confirmed that the recent weakening of the U.S. dollar played a major role in…
Dangote Refinery Rehires Sacked Engineers, Redeploys Staff to Borno, Zamfara, and Other States Amid PENGASSAN Dispute
The Dangote Refinery has re-employed several engineers previously dismissed amid its dispute with the Petroleum and Natural Gas Senior Staff…
European Stocks Steady as Markets Await Fed Rate Decision and U.S.-China Trade Talks
European markets opened cautiously on Tuesday, with most indexes hovering around the flatline as global investors turned their focus toward…