Nigeria Tax Reforms Spark Security Alert as NRS Warns Against Misinformation
The Chairman of the Nigeria Revenue Service (NRS), Dr. Zacch Adedeji, has put the nation’s security agencies on high alert…
Month: January 2026
AI Investment Boom Could Drive Global Inflation in 2026, Experts Warn
Global stock markets are starting 2026 on a high, fueled by AI enthusiasm and strong corporate earnings. In the U.S.,…
Nigeria’s Current Account Surplus Set to Reach $18.81 Billion in 2026 – CBN Forecast
Nigeria’s current account balance is set to strengthen significantly in 2026, with the Central Bank of Nigeria (CBN) projecting a…
NGX Premium Stocks Lead Market Gains in 2025: Seplat Posts Steady Returns Amid Strong Index Growth
The Nigerian Exchange (NGX) Premium Index closed 2025 on a high note, outpacing the broader All-Share Index with a remarkable…
Ghana Stock Market Leads Africa in 2025 with 79% Gain
The Ghana Securities Exchange (GSE) Composite Index has claimed the title of Africa’s best-performing stock market in 2025, leaving Nigeria’s…
Dangote Refinery’s Free Petrol Delivery Set to Drive Down Pump Prices Nationwide
Nigerian motorists may soon breathe a sigh of relief as Dangote Refinery finalizes plans to distribute petrol for free to…
Nigeria’s Rising Debt Driven by Exchange Rate Shifts, Not New Borrowing – Budget Office
Nigeria’s soaring debt figures are largely the result of exchange-rate revaluation of existing foreign-currency obligations rather than fresh borrowing, the…
Cash Circulation Stabilizes in Nigeria Amid Central Bank Reforms
Nigeria’s cash supply is showing remarkable signs of stability following sweeping reforms by the Central Bank of Nigeria (CBN), easing…
OPEC+ Pauses Oil Output Increase Amid Venezuela Uncertainty
The Organisation of Petroleum Exporting Countries and its allies, known as OPEC+, have decided to pause planned oil supply increases…
Venezuela Crisis Could Create $10B Gap in Nigeria’s N58 Trillion 2026 Budget
Nigeria’s 2026 spending plan, pegged at N58.18 trillion, could face a $10 billion shortfall due to the unfolding crisis in…
Nigeria’s Private Sector Growth Strengthens as PMI Hits 53.5 in December
Nigeria’s private sector concluded 2025 on a strong note, driven by rising customer demand and steady business activity. The Stanbic…
Dollar Strengthens as Traders Focus on U.S. Economic Data Despite Venezuela Tensions
The U.S. dollar started the first full trading week of 2026 on a strong note, rising to a three-and-a-half-week high…
Bank of Ghana Tightens International Money Transfer Rules to Protect Consumers and FX Flows
The Bank of Ghana (BoG) has unveiled new regulations for International Money Transfer Operators (IMTOs), signaling a major shift in…
AI and Job Security: Prioritizing Human Welfare in Nigerian Workplaces
As Nigeria’s workplaces embrace Artificial Intelligence (AI) and automation, workers and employers face a crucial challenge: how to integrate technology…
Naira Starts 2026 Stronger at ₦1,430/$ Amid Stable FX Market
The naira opened 2026 on a strong note, appreciating to ₦1,430.84 per US dollar at the official window, signaling a…
NNPC Debt Crisis: Subsidiary Obligations Surge to ₦30.3 Trillion Amid Financial Pressures
The Nigerian National Petroleum Company Limited (NNPC) is grappling with significant financial strain as debts owed by its subsidiaries and…
India Orders Elon Musk’s X to Fix Grok AI After Obscene Content Complaints
India has directed Elon Musk’s social media platform X to implement urgent changes to its AI chatbot, Grok, following complaints…
Dangote Refinery Pumps 43 Million Litres, Denies Petrol Shutdown Amid Price Hike Fears
Officials of the Dangote Petroleum Refinery have dismissed claims that the facility shut down its petrol processing unit, confirming that…
30% Capital Gains Tax May Trigger Investor Flight, Double Taxation Fears in Nigeria’s Capital Market
Nigeria’s proposed 30 per cent Capital Gains Tax (CGT) on capital market transactions above ₦150 million has sparked widespread concern…
NNPC Reports N502bn Profit, Cuts Petrol Below N800 Amid Market Price War
The Nigerian National Petroleum Company Limited (NNPC) posted a profit after tax of N502 billion in November 2025, maintaining its…
Bank Recapitalisation to Boost Nigerian Capital Market in 2026, Says CBN
The Central Bank of Nigeria (CBN) has projected a bullish outlook for the Nigerian capital market in 2026, citing ongoing…
Nigeria’s Manufacturing Sector Set to Grow 3.1% in 2026, Driving 10.2% of GDP
After a challenging 2025 marked by consecutive quarterly declines of up to 1.25% in real growth, Nigeria’s manufacturing sector is…
OpenAI Leads Silicon Valley’s Audio Revolution: The Future of AI Is Screenless
OpenAI is making a major push into audio AI, signaling a shift in how people will interact with technology. According…
Tax reforms spark tension as shipping lines plan hikes
Tension is building within Nigeria’s maritime sector following the implementation of sweeping tax reforms that took effect on Thursday, January…
Naira Records First Annual Gain in 13 Years as CBN FX Reforms Drive 6.5% Appreciation in 2025
Nigeria’s naira closed 2025 on a rare positive note, posting its first annual appreciation in more than a decade as…
2025 Economic Gains Fail to Ease Manufacturers’ Pain as Costs, Policies Bite
Despite the Federal Government’s optimism over economic “gains” recorded in 2025—most notably easing inflation and improved foreign exchange stability—Nigeria’s manufacturers…