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 platform operating under the name…
Day: 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 long-held perceptions about African…
AI Deployment Set for Full-Scale Adoption Across Nigeria’s Key Sectors in 2026 – Experts
Artificial intelligence (AI) deployment in Nigeria is expected to transition from experimental pilot projects to full-scale production across key sectors…
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 N570.25 billion ($370 million) in…
Dangote Refinery Denies Shutdown Rumors, Confirms 50 Million Litres Daily Petrol Output
The Dangote Petroleum Refinery has refuted recent reports suggesting it is shutting down for maintenance, assuring Nigerians that petrol production…
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, according to the…
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 at N1,419 per…
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 inadvertently increase concentration risk…
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 investment (FPI) and foreign direct investment…
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 investment he has ever…
NGX-ASI Nears Historic 160,000 Points as Nigerian Stock Market Shows Strong Start to 2026
The Nigerian Exchange Limited (NGX) All Share Index (NGX-ASI) is on the verge of making history, approaching the 160,000-point mark…
Nigerian Breweries and FATE Foundation Empower 1,000 Students Through Entrepreneurship Programme
Nigerian Breweries Plc has joined forces with FATE Foundation to empower 1,000 Nigerian students under the Orange Corners Student Ambassadors…
Global Wage Growth Hits 15-Year High as Inflation Eases, Boosting Workers’ Buying Power
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 occasional experiments to embed…
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 by N468 billion. Sustained buying…
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 throughout…
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 central role in…
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 Greenland weigh on investor sentiment…
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 S.A. (M&P), following the…
Nigeria’s Economy Shows Signs of Stability, but Structural Weaknesses Remain — Yemi Kale
Nigeria’s economy is gradually finding its footing after years of volatility, but deep-seated structural weaknesses continue to hold back inclusive…