Dangote Refinery Ensures Fuel Price Stability as Expansion Plan Targets 1.4 Million Barrels Daily
Dangote Refinery has hit a major milestone, producing 50 million litres of Premium Motor Spirit (PMS) daily, supported by a…
Day: January 15, 2026
SEC Joins Forces with Nigeria Police to Tackle Ponzi Schemes and Crypto Fraud
In a decisive move to protect Nigerian investors, the Securities and Exchange Commission (SEC) has officially partnered with the Nigeria…
UBA Share Listing: NGX Confirms 3.16 Billion New Shares Following Rights Issue
The Nigerian Exchange Regulation (NGX RegCo) has officially confirmed the listing of 3.16 billion additional ordinary shares of United Bank…
AI Breakthrough in High-Level Math: GPT 5.2 Solves Legendary Erdős Problems
Over the weekend, software engineer and former quant researcher Neel Somani made a surprising discovery while testing OpenAI’s latest model,…
NUPRC Launches 90-Day Plan to Boost Nigeria’s Oil Output with Faster Approvals
Nigeria’s upstream oil sector is set for a major shake-up as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) unveils a…
Heirs Energies Acquires 20% Stake in Seplat in $500 Million Deal
Heirs Energies Limited, the energy investment firm chaired by business mogul Tony Elumelu, has finalized a major acquisition in Nigeria’s…
Nigerian Manufacturers Aim for 10.2% GDP Contribution in 2026 Amid Policy Optimism
Nigerian manufacturers are entering 2026 with renewed optimism, aiming to boost their sector’s contribution to the country’s Gross Domestic Product…
European AI Chip Stocks Surge as TSMC Posts Record Q4 Profit; ASML Shares Jump 7%
European AI chip stocks led a rally on Thursday, with investors reacting positively to record earnings from Taiwan Semiconductor Manufacturing…
Champion Breweries Redeems N4.21bn Commercial Paper, Strengthening Investor Confidence
Champion Breweries Plc has successfully redeemed its N4.21bn Series 1 Commercial Paper (CP) notes at maturity, part of its broader…
Nigeria Eyes Interest Rate Cuts as Inflation Eases, Offering Relief to Strained Public Finances
Nigeria could soon see relief for its heavily burdened public finances as Finance Minister and Coordinating Minister of the Economy,…
NGX Market Surges N598bn as Investor Optimism Drives Equities Rally
The Nigerian Exchange Limited (NGX) experienced a significant surge on Wednesday, with total market capitalisation rising by N598bn to close…
Swiss Competition Authority Investigates Microsoft Licensing Fee Hikes
Switzerland’s competition watchdog has launched a preliminary probe into Microsoft’s licensing fees, following a wave of complaints from private companies,…
Nigeria on Fastest Growth Track in a Decade, Says World Bank
Nigeria is poised for its fastest economic growth in more than ten years, according to the World Bank. The global…
Nigeria Allocates N34.6 Billion to Communications Ministry Amid Criticism Over Priorities
The Federal Government has earmarked a staggering N34.6 billion for research and development under the Ministry of Communications, Innovation and…
Dangote Refinery Launches 24-Hour Petrol Loading to Strengthen Nigeria’s Fuel Supply
The Dangote Petroleum Refinery has officially launched 24-hour petrol loading operations, marking a significant milestone in Africa’s largest refinery. This…
FG Orders Banks, Fintechs to Remit 7.5% VAT on Electronic Banking Service Fees from January 19
The Federal Government has directed all banks and fintech companies operating in Nigeria to begin collecting and remitting a 7.5…
NGX Lists 3.16 Billion UBA Shares, Boosting Market Liquidity and Capital Base
The Nigerian Exchange Limited (NGX) has officially listed an additional 3.16 billion ordinary shares of United Bank for Africa (UBA)…
European Markets Set for Higher Open as Greenland Tensions and Iran Developments Shape Investor Sentiment
European markets are expected to open broadly higher on Thursday as investors weigh escalating geopolitical developments alongside corporate earnings and…
Petrol Price Hike Looms in Nigeria as Global Crude Oil Crosses $66 per Barrel
Nigeria could be heading for another round of fuel price increases as global crude oil prices climbed above $66 per…