Business International Market Japan Stocks Surge as Bank of Japan Raises Interest Rates to 30-Year High December 19, 2025 Ekemini Uba Japan’s financial markets reacted sharply on Thursday after the Bank of Japan raised its benchmark policy rate to its highest level in decades, signaling a stronger stance against persistent inflation.…
Business Energy Local Global Oil Oversupply Leaves Nigerian Crude Unsold as Dangote Refinery Turns to Imports December 19, 2025 Ekemini Uba Nigerian crude oil sellers are facing mounting pressure in the global market as oversupply continues to dampen demand, leaving millions of barrels without buyers despite complaints of local shortages by…
Business Economy Local PenCom Extends Pension Recapitalisation Deadline to June 2027 December 19, 2025 Ekemini Uba The National Pension Commission (PenCom) has extended the deadline for pension industry recapitalisation to June 2027, moving it from the earlier target of December 2026. The adjustment gives pension fund…
Business Economy Local World Bank Set to Approve $500m Loan to Boost MSME Financing in Nigeria December 19, 2025 Ekemini Uba The World Bank is expected to approve a $500 million loan for Nigeria today (Friday, December 19, 2025), aimed at improving access to finance for micro, small, and medium enterprises…
Business Local Technology Nigeria’s Broadband Penetration Hits 49.89% — 70% 2025 Target Likely Unattainable December 18, 2025 Ekemini Uba Nigeria is set to miss its ambitious broadband penetration target of 70% by the end of 2025, according to recent data released by the Nigerian Communications Commission (NCC). The statistics…
Business Energy Local FG Power Sector Debt to Hit N6.4 Trillion by 2025, Threatening National Electricity Supply December 18, 2025 Ekemini Uba The Federal Government’s indebtedness to power generation companies (GENCOs) is projected to reach N6.4 trillion by the end of 2025, up from N6 trillion reported in October. This represents a…
Business Economy Local Politics Tinubu Sends N43 Trillion Budget Repeal and Re-enactment Bill to National Assembly to End Multiple Budgets December 18, 2025 Ekemini Uba President Bola Tinubu has formally transmitted the Appropriation, Repeal, and Re-enactment Bill 2 of 2024 to Nigeria’s National Assembly, aiming to streamline government spending and end the practice of running…
Business Local Technology TotalEnergies Launches TEMC+ for Secure, Real-Time Payments Across Nigeria December 18, 2025 Ekemini Uba TotalEnergies Marketing Nigeria Plc has unveiled its newest innovation, the TotalEnergies Mobility Card Plus (TEMC+), a smart payment solution designed to deliver enhanced security, real-time control, and convenience for both…
Business Finance Local CIS Urges Nigerian Students to Embrace Capital Market Certification Amid Digital Finance Reforms December 18, 2025 Ekemini Uba The Chartered Institute of Stockbrokers (CIS) has called on Nigerian students to equip themselves for emerging opportunities in the country’s capital market through professional certification and skills development. The Institute…
Banking Business Finance Local NDIC and NIBSS Sign MoU to Boost Depositor Payouts in Failed Banks December 18, 2025 Ekemini Uba The Nigeria Deposit Insurance Corporation (NDIC) and the Nigeria Inter-Bank Settlement System Plc (NIBSS) are set to sign a Memorandum of Understanding (MoU) aimed at ensuring faster and more efficient…
International Technology Adobe Faces Class-Action Lawsuit Over Alleged Use of Authors’ Works in AI Training December 18, 2025 Ekemini Uba Adobe, the tech giant known for its creative software, is facing a proposed class-action lawsuit alleging the misuse of authors’ works to train its AI systems. The suit, filed on…
investment Local Stock MTN, Dangote Cement, Guinness, Okomu Oil: Top NGX Stocks to Buy in 2026 on Earnings Upside December 18, 2025 Ekemini Uba Analysts at Financial Derivatives Company (FDC) have identified four Nigerian Exchange (NGX) blue-chip stocks—MTN Nigeria Plc, Dangote Cement Plc, Guinness Nigeria Plc, and Okomu Oil Palm Plc—as standout picks for…
Business Finance Local Nigeria Customs Warns Banks Over Late Remittance of Duties: Penalties Imposed for Delays December 18, 2025 Ekemini Uba The Nigeria Customs Service (NCS) has issued a stern warning to designated banks that fail to remit collected customs duties within the required timeframe. In a statement on Wednesday, NCS…
Business Energy Local Nigeria’s Crude Oil Exports Reach N37.7 Trillion in First Nine Months of 2025 December 18, 2025 Ekemini Uba Nigeria’s crude oil exports surged to N37.7 trillion in the first nine months of 2025, according to the Q3 2025 Foreign Trade in Goods Statistics released by the National Bureau…
Business Energy Local NNPCL Confident of Achieving 2.06 Million BPD Oil Production Target in 2026 December 18, 2025 Ekemini Uba The Nigerian National Petroleum Company Limited (NNPCL) has expressed optimism that its 2.06 million barrels per day (bpd) crude oil production target for 2026 is achievable. The company emphasized that…
Business Finance Local Non-Interest Banking in Ghana Open to All, Says Bank of Ghana December 18, 2025 Ekemini Uba The Bank of Ghana (BoG) has emphasized that non-interest banking in the country is accessible to everyone and is not associated with any religious belief. The central bank’s clarification comes…
International Technology Facebook Tests Link-Posting Limits for Professional Accounts: Impact on Creators and Brands December 18, 2025 Ekemini Uba Meta, the parent company of Facebook, is testing a new restriction on link posting for professional accounts and Pages, limiting the number of links unless users subscribe to Meta Verified.…
Business Local Pension Pensions Alliance Tops Best-Performing PFAs in Nigeria as of September 2025 December 18, 2025 Ekemini Uba Nigeria’s pension sector delivered a strong performance in the first nine months of 2025, despite economic headwinds including high interest rates, currency volatility, and cautious stock market activity. According to…
Business Local Stock FirstHoldCo Leads Banking Rally as 5.2bn Ecobank Shares Drive NGX Closer to 150,000 December 18, 2025 Ekemini Uba The Nigerian stock market extended its bullish run on Wednesday, edging closer to the psychological 150,000-point mark as renewed buying interest in major banking stocks lifted overall sentiment. The All-Share…
Business Economy Local SMEDAN Seeks CBN Licence for Microfinance Bank as FG Targets One Million New Small Businesses December 18, 2025 Ekemini Uba The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has applied to the Central Bank of Nigeria (CBN) for a licence to operate a microfinance bank, a move aimed…
Local Technology AI Skills Revolution in Nigeria: FG, Microsoft, LBS Train 350,000 Citizens December 18, 2025 Ekemini Uba The milestone builds on Microsoft’s long-standing collaboration with the Federal Government, which has provided digital skills training to more than four million Nigerians since 2021. The initiative reflects Nigeria’s growing…
Business International Market European Markets Open Flat Ahead of Central Bank Decisions December 18, 2025 Ekemini Uba European markets opened slightly above the flatline on Thursday, with investors adopting a cautious stance ahead of a packed day of central bank announcements across the region. Early trade showed…
Banking Business Local Banks Strengthen Capital Base as CBN Tightens Oversight Ahead of 2026 Deadline December 18, 2025 Ekemini Uba Nigeria’s Deposit Money Banks are reinforcing their capital positions as the Central Bank of Nigeria intensifies regulatory oversight to strengthen governance, transparency, and risk management across the sector. The move…
Energy Local Politics Tinubu Nominates New NUPRC, NMDPRA Heads After Resignations December 17, 2025 Ekemini Uba According to Bayo Onanuga via his X (formerly Twitter) account, President Bola Ahmed Tinubu has asked the Senate to approve new chief executives for Nigeria’s petroleum regulators following recent resignations.…
Breaking Local BREAKING: NMDPRA CEO Farouk Ahmed resigns after meeting with Tinubu December 17, 2025 Ekemini Uba Farouk Ahmed, the chief executive officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has resigned following a meeting with President Bola Tinubu. Tinubu, on Wednesday, summoned…
Business International Market Dollar Slides After Delayed U.S. Jobs Data Signals Fed Caution December 17, 2025 Ekemini Uba The U.S. dollar weakened against major global peers on Tuesday after delayed economic data revealed stronger-than-expected job growth, a development that prompted investors to reassess the pace of future interest…
Business Energy Local FG to Launch ₦1.23 Trillion Power Sector Bond to Clear GENCOs’ Debt and Restore Market Confidence December 17, 2025 Ekemini Uba The Federal Government of Nigeria has concluded plans to launch a ₦1.23 trillion Power Sector Bond as part of a wider ₦4 trillion debt programme aimed at restoring liquidity and…
Business Local World Bank Scores Nigeria’s Education Skills Project Satisfactory December 17, 2025 Ekemini Uba Nigeria’s drive to strengthen professional skills in procurement and environmental standards has received a major boost as the World Bank rated the Sustainable Procurement, Environmental and Social Standards Enhancement (SPESSE)…
Business Energy Local Fuel Prices Remain Above N800 in Lagos Despite Dangote Refinery Cuts December 17, 2025 Ekemini Uba Fuel prices in Lagos and other parts of Nigeria have begun to show slight reductions following a significant cut in ex-depot prices by the Dangote Refinery. However, motorists in Lagos…
International Technology Airtel Africa Partners with SpaceX to Bring Starlink Satellite Connectivity to 174 Million Nigerians December 17, 2025 Ekemini Uba Airtel Africa has announced a groundbreaking partnership with SpaceX to introduce Starlink Direct-to-Cell satellite connectivity in Nigeria and 13 other African markets, potentially reaching 174 million mobile users. The collaboration…
