GenCos’ Power Invoices Drop by ₦80.56bn in Q3 2025 as Weak Demand Hits Electricity Market
Nigeria’s power generation companies (GenCos) recorded a sharp drop of ₦80.56bn in invoices in the third quarter of 2025, driven…
Month: January 2026
OPEC Holds Oil Output Steady Despite Geopolitical Crises and Market Turmoil
The Organisation of Petroleum Exporting Countries and its allies, collectively known as OPEC+, has decided to keep oil production levels…
New Tax Laws Promise Fairer, Growth-Driven Economy — Tegbe
The Chairman of the National Tax Policy Implementation Committee, Joseph Tegbe, has described the Nigerian Tax Reform Acts 2025 as…
Tax Law Reform Triggers ₦5tn VAT Windfall for States in 2026
Nigeria’s 36 states are set for a major revenue boost in 2026, as a new Value Added Tax (VAT) sharing…
Asia‑Pacific Markets Slide as Trump’s Defense Crackdown and Oil Price Shift Shake Investor Confidence
Asia‑Pacific markets mostly declined on Thursday as investors reacted to renewed geopolitical tensions and policy shifts from the United States…
Nigerian Stock Market Gains N409.66bn on Seplat, Boosting Investor Confidence
The Nigerian Stock Market recorded a strong bullish trend yesterday, adding N409.66 billion to market capitalization as investors showed increased…
Samsung Profit Set to Triple to Record High Amid AI-Driven Chip Boom
Samsung Electronics has projected a staggering three-fold increase in its fourth-quarter operating profit, marking a new record for the world’s…
Top African AI Products That Stood Out in 2025
Artificial intelligence (AI) dominated tech conversations in 2025, capturing headlines and sparking debates on job security, regulation, and safety. While…
Ford Unveils AI Assistant and Next-Gen BlueCruise Tech for Hands-Free Driving
Ford is stepping up its technology game with the announcement of a new AI assistant and an upgraded BlueCruise driver-assistance…
Google and Character.AI Reach Settlements in Teen Chatbot Death Cases
Google and AI startup Character.AI are negotiating the first major settlements over claims that their chatbots contributed to teen deaths…
Naira Hits Record High of N1,418.26 as EFEMS Reforms Boost Market Confidence
The naira reached a record high of N1,418.26 against the US dollar in the official foreign exchange market on Wednesday,…
Ghana’s Inflation Falls to Four-Year Low as Currency Surges
Ghana’s annual inflation eased to 5.4 percent in December 2025, marking the lowest rate since a consumer price rebasing exercise…
European defense stocks extend rally amid geopolitical tensions; Leonardo jumps 4%
European defense stocks extended their rally on Thursday as investors reacted to rising geopolitical tensions and fresh signals from U.S.…
Oil Prices Fall as Trump Moves to Secure $2bn Venezuelan Crude Supply
Global oil prices slipped on Wednesday as markets reacted to signals of a potential supply surge after US President Donald…
Nigeria Tax Reforms: Why Businesses Must Prioritise Payroll, VAT Compliance
Nigeria’s full implementation of sweeping tax reform laws is ushering in a new compliance era for businesses, with payroll, Value…
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…
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…