EU removes Nigeria, five African countries from high-risk financial list
The European Union (EU) has officially removed Nigeria and five other African countries from its list of high-risk jurisdictions for…
Day: January 16, 2026
Nigeria’s Economic Growth Remains Fragile Without Targeted Poverty Reduction Policies — World Bank
Nigeria’s recent economic recovery remains fragile and may fail to improve living standards unless deliberate policies are introduced to tackle…
Nigeria’s Capital Market at Risk of Overregulation
Nigeria is entering a phase of overregulation that risks undermining the capital market it seeks to strengthen. The Securities and…
Nigeria’s Crude Oil Production Drops to 1.42 Million BPD in December 2025
Nigeria’s crude oil production slipped to 1.422 million barrels per day (bpd) in December 2025, down from 1.436 million bpd…
Nigeria Spends N1.7 Trillion on Petrol as Daily Consumption Hits 63.7 Million Litres
Nigeria’s daily petrol consumption surged to a record 63.7 million litres in December 2025, driving total expenditure on Premium Motor…
NITDA and U.S. Strengthen Partnership on Data Privacy, AI, and Cybersecurity
The National Information Technology Development Agency (NITDA) has reaffirmed its commitment to strengthening Nigeria’s partnership with the United States on…
OpenAI Backs Sam Altman’s Merge Labs to Pioneer Brain-Computer Interfaces
OpenAI has made a bold move by investing in Merge Labs, the brain-computer interface (BCI) startup founded by its own…
Vibe Coding in Nigeria: How Cencori Is Making AI-Generated Apps Safer
Vibe coding, a method where software is generated from simple natural language prompts instead of hand-written code, is no longer…
NRS Clarifies: No New VAT on Banking Services Under Nigeria Tax Act
The Nigeria Revenue Service (NRS) has dismissed circulating reports suggesting that the new Nigeria Tax Act introduced Value Added Tax…
LIRS Sets January 31 Deadline for 2025 Tax Returns: Employers Urged to File Early
The Lagos State Internal Revenue Service (LIRS) has reminded employers across the state that January 31, 2026, is the final…
UCIF Strengthens Governance with New Investment Committee Appointments
The Board of Directors of United Capital Plc has announced the appointment of four distinguished infrastructure investment specialists as independent…
NGX, DEG Drive Net-Zero Transition to Unlock $3 Billion in Climate Funding for Nigerian Corporates
The Nigerian Exchange Group (NGX Group), in partnership with Germany’s development finance institution DEG and Africa Foresight Group, has launched…
SEC Warns Nigerians Against Tunbosayo Okekunle Strategic Alpha Fund Over Suspected Ponzi Scheme
Nigeria’s Securities and Exchange Commission (SEC) has issued a public alert against Tunbosayo Okekunle Strategic Alpha Fund (TOSAF), an online…
NRS: VAT on bank charges NOT introduced by new tax laws
The Nigeria Revenue Service (NRS) says value-added tax (VAT) on bank services charges was not introduced by the new tax…
FG Explains N152 Trillion Public Debt, Says Rise Not Due to New Borrowing
The Federal Government has clarified that Nigeria’s public debt, which now stands at N152 trillion, is largely due to improved…
Nestle Stock Gains 10% as Nigerian All-Share Index Pauses Nine-Day Rally
The Nigerian stock market paused its recent bullish momentum on January 15, 2026, as the All-Share Index (ASI) fell by…
BREAKING: SEC raises capital requirements for brokers, fund managers, digital firms
Nigeria’s Securities and Exchange Commission (SEC) has unveiled a major overhaul of capital requirements for capital market operators, affecting brokers,…
Nigeria Imports 1.3 Billion Litres of Petrol Despite Growing Local Refining
Nigeria imported approximately 1.31 billion litres of petrol in December 2025, even as local refining capacity increased, according to the…
20 Nigerian Banks Meet Recapitalisation Deadline as CBN Pushes for Productive Lending
About 20 deposit money banks in Nigeria have met the Central Bank of Nigeria’s (CBN) new capital requirements under the…
US Market Rally Set to Broaden Beyond Tech as Investors Rotate Into New Sectors
The long-running US stock market rally, powered largely by technology giants, may be entering a new phase as investors increasingly…
Nigeria–China Crude Oil Trade Poised for Growth as Venezuela Supplies Slump
Nigeria’s crude oil trade with China is expected to expand following a sharp decline in Venezuela’s oil exports to the…
Nigeria’s Inflation Rises to 15.15% in December 2025 as Food Prices Ease
Nigeria’s headline inflation rate climbed to 15.15 per cent in December 2025, according to the latest Consumer Price Index (CPI)…