Nigerians spend N1.54tn on beer, others in nine months
Nigerians spent an estimated N1.54 trillion on beer and other non-alcoholic drinks in the first nine months of 2025, highlighting…
Day: January 21, 2026
Nigeria’s Livestock Sector Set to Hit $74bn GDP in 10 Years – FG Plans Major Boost
The Federal Government has unveiled ambitious plans to expand Nigeria’s livestock sector, aiming to increase its contribution to the national…
West Africa IMT 2026: Turning Trade Gains into Manufacturing Growth
West Africa is poised to transform its rising trade gains into tangible industrial growth at the upcoming West Africa Industrialisation,…
$16B Post-PIA Investment Spurs Gradual Recovery in Nigeria’s Oil Sector
Nigeria’s oil and gas sector is showing early signs of recovery, driven by regulatory reforms, rising indigenous participation, and renewed…
FTC Appeals Meta Antitrust Ruling Over Instagram and WhatsApp Acquisitions
The U.S. Federal Trade Commission (FTC) has filed an appeal to revive its antitrust case against Meta Platforms, the parent…
Netflix Raises $83 Billion Cash Bid to Acquire Warner Bros., Aims to Outshine Paramount Skydance
Netflix has made a bold move in the entertainment industry, revising its $83 billion bid to acquire Warner Bros. Discovery’s…
OpenAI Introduces Age Prediction in ChatGPT to Protect Young Users
OpenAI has unveiled a new age prediction feature in ChatGPT designed to better protect young users online. The move comes…
Global Oil Prices Fall Below Nigeria’s $64.85 Budget Benchmark Amid Oversupply Fears
Global oil prices fell sharply on Wednesday, dipping below Nigeria’s 2026 budget benchmark of $64.85 per barrel, raising concerns over…
FGN to Repay N1.03 Trillion Bond on January 22: Implications for Nigeria’s Debt and Naira
The federal government is set to repay up to N1.03 trillion in bond maturities on January 22, 2026, marking one…
Lagos Port Haulage Costs Drop by 65% as Ètò System Transforms Cargo Logistics
Lagos importers are breathing a sigh of relief as cargo haulage costs at Tin Can Island and Apapa seaports have…
FG Targets N900bn Domestic Borrowing with High-Yield Bonds in January Auction
The Federal Government of Nigeria (FG) is set to raise N900 billion from the domestic market by offering high-yield bonds,…
Bank Lending Hits 14-Month Low Amid Recapitalisation Pressures in Nigeria
Nigeria’s banking sector recorded a sharp slowdown in credit extension, with total loans dropping to N52.656 trillion in June 2025,…
NCC Shifts Focus to Competition and Consumer Experience After Tariff Hikes
Months after Nigerian telecom subscribers began paying higher tariffs for voice and data services, the Nigerian Communications Commission (NCC) has…
Telcos in Sub-Saharan Africa Battle Falling ARPU Amid Global Revenue Slowdown
Telecom operators across Nigeria and Sub-Saharan Africa are grappling with declining average revenue per user (ARPU) despite growing subscriber numbers.…
European Stocks Eye Mixed Open as Trump Prepares Davos Address
European stocks are poised for a mixed start on Wednesday as global investors brace for U.S. President Donald Trump’s highly…
IMF Urges Nigeria to Strengthen Public Finances Amid Rising Spending Pressures
The International Monetary Fund (IMF) has called on Nigeria and other governments to strengthen public finances and keep debt levels…
International Breweries Appoints Nicholas Kade as New Managing Director
International Breweries Plc (IBPLC) has announced the appointment of Nicholas Kade as its new Managing Director, effective March 1, 2026.…
Seplat Energy Begins Gas Production at ANOH Project, Boosting Nigeria’s Domestic Gas Supply
Seplat Energy Plc has commenced gas production from its 300 million standard cubic feet per day (MMcfd) Assa North–Ohaji South…
NGX Rebounds as Stocks Gain, Market Capitalisation Rises by N93bn
The Nigerian Exchange (NGX) bounced back on Tuesday, reversing the losses recorded in the previous session as renewed investor interest…
Domestic Refineries Poised to Cut Petrol Imports as Local Capacity Rises in 2026
Domestic oil refiners in Nigeria say the country is on the verge of drastically reducing petrol imports in 2026, as…
Global Markets Slide as US-Europe Trade Tensions Shake Investor Confidence
Global financial markets retreated on Tuesday as renewed trade tensions between the United States and Europe rattled investors, pushing stocks,…