SEC Flags Voya Investment Management Over Alleged Investment Fraud
Nigeria’s Securities and Exchange Commission (SEC) has issued a public warning against an online investment…
Daily Archives
January 7, 2026
Moniepoint Founders Redefine African Fintech as Company Earns TIME100 Recognition
The founders of Moniepoint Inc., Tosin Eniolorunda and Felix Ike, are receiving widespread praise for challenging…
AI Deployment Set for Full-Scale Adoption Across Nigeria’s Key Sectors in 2026 –…
Artificial intelligence (AI) deployment in Nigeria is expected to transition from experimental pilot projects to…
Nigeria Electricity Companies’ Revenues Surge 22% Amid Persistent Blackouts
Nigeria’s electricity distribution companies recorded a surprising 22% jump in revenues, collecting a total of…
Dangote Refinery Denies Shutdown Rumors, Confirms 50 Million Litres Daily Petrol…
The Dangote Petroleum Refinery has refuted recent reports suggesting it is shutting down for maintenance, assuring…
Nigeria Electricity Subsidy Nears N2tn as Power Sector Struggles Persist
Nigeria’s electricity subsidy reached nearly N2 trillion in the 12 months between October 2024 and September 2025,…
Naira Strengthens by 7.5% in 2025, Hits N1,419 at Official Market
Nigeria’s currency capped a remarkable year in 2025, strengthening at the official foreign exchange market to close…
CBN Warns Bank Recapitalisation Could Heighten Market Concentration in Nigeria
The Central Bank of Nigeria (CBN) has raised concerns that the ongoing bank recapitalisation program may…
Investor Confidence Drives Nigeria’s Foreign Inflows to $14bn in 2025
Nigeria’s foreign investment landscape received a significant boost in 2025, with combined foreign portfolio…
Tony Elumelu Calls His Foundation the “Best Investment” for Africa’s Future
Billionaire investor and philanthropist Tony Elumelu has described the Tony Elumelu Foundation (TEF) as the best…
NGX-ASI Nears Historic 160,000 Points as Nigerian Stock Market Shows Strong Start…
The Nigerian Exchange Limited (NGX) All Share Index (NGX-ASI) is on the verge of making history, approaching the…
Nigerian Breweries and FATE Foundation Empower 1,000 Students Through…
Nigerian Breweries Plc has joined forces with FATE Foundation to empower 1,000 Nigerian students under the Orange…
Global Wage Growth Hits 15-Year High as Inflation Eases, Boosting Workers’ Buying…
Global wage growth surged to its fastest pace in over 15 years in 2024, offering a welcome relief to workers…
World Bank Places Innovation at the Heart of Global Development Strategy
The World Bank Group is making innovation a cornerstone of its global development strategy, moving beyond…
NGX Surges N468bn as New Year Rally Boosts Investor Confidence
The Nigerian Exchange (NGX) extended its early-year momentum on Tuesday, with total market capitalisation climbing…
Naira Likely to Stay Under Pressure in 2026, Says Economist Yemi Kale
Economist Yemi Kale has warned that the Nigerian naira is likely to remain under pressure against the US dollar…
Nigeria’s Most Improved Stockbrokers in 2025 as Trading Value Jumps 135%
Nigeria’s stock market saw a dramatic resurgence in 2025, with the country’s most improved stockbrokers playing a…
European Markets Set for Mixed Open as Trump’s Greenland Threat Rattles Investors
European stock markets are expected to open mixed on Wednesday, as growing geopolitical concerns surrounding…
M&P Exits Seplat Energy as Heirs Group Acquires 20% Stake
Seplat Energy Plc has confirmed the complete exit of its founding shareholder, Etablissements Maurel & Prom…
Nigeria’s Economy Shows Signs of Stability, but Structural Weaknesses Remain —…
Nigeria’s economy is gradually finding its footing after years of volatility, but deep-seated structural weaknesses…