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…
Month: January 2026
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,…
CBN Economic Reforms Drive Growth and Tame Inflation in Nigeria
Nigeria’s economy is showing early signs of recovery as the Central Bank of Nigeria (CBN) forecasts stronger growth and easing…
Nigeria Non-Oil Exports Hit $6.1 Billion in 2025 as Country Boosts Global Trade Presence
Nigeria’s non-oil export sector achieved a historic milestone in 2025, recording total earnings of $6.1 billion—an 11.5% increase from the…
Seplat CEO Highlights Critical Role of Oil and Gas in Nigeria’s Energy Mix
Seplat Energy Plc’s Chief Executive Officer, Roger Brown, has reaffirmed that oil and gas will continue to play a key…
OpenAI Aims for “Practical Adoption” in 2026 to Drive AI Monetization and Growth
OpenAI is setting its sights on “practical adoption” in 2026, according to CFO Sarah Friar. In a recent blog post,…
Runpod Hits $120M ARR: How a Reddit Post Launched a Developer-Focused AI Cloud Startup
AI cloud startup Runpod, founded by Zhen Lu and Pardeep Singh, has reached an impressive $120 million annual revenue run…
French Wine Tariffs Spark European Market Sell-Off as Trump Threatens 200% Duty
European stocks fell sharply on Tuesday as markets reacted to President Donald Trump’s escalating trade threats targeting key European nations.…
SEC Revises Minimum Capital for Market Operators Ahead of 2027 Compliance Deadline
Nigeria’s Securities and Exchange Commission (SEC) has announced a significant revision of the minimum capital requirements for all regulated entities…
Nigerian Stock Market Dips by N11bn as Week Begins on a Cautious Note
The Nigerian equities market opened the week on a cautious note yesterday, recording a slight decline in value as investors…
DMO to Raise N900 Billion in January 2026 Bond Auction: Investment Opportunity for FGN Bonds
The Debt Management Office (DMO) has revealed plans for the Federal Government to raise N900 billion through the reopening of…
NEM, First HoldCo, Africa Prudential Among Top Nigerian Stocks to Watch This Week
Nigerian stocks continued their upward momentum last week, marking the third consecutive week of gains, led primarily by oil and…
Dangote Refinery Signs $350M Deal with EIL to Double Production Capacity
Engineers India Limited (EIL), a leading Indian engineering consultancy firm, has signed a $350 million contract with Dangote Refinery. The…
Nigeria’s Economy Set to Grow by 4.4% in 2026 Amid Policy Reforms
Nigeria’s economy is on a steady recovery path, with the International Monetary Fund (IMF) projecting a growth rate of 4.4%…
IMF and World Bank Upgrade Nigeria’s Economic Growth Outlook to 4.4% in 2026
The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast upward to 4.4% in 2026 and 4.1% in 2027,…
NCC Launches 2026–2030 Spectrum Roadmap to Boost Broadband and Digital Investments in Nigeria
The Nigerian Communications Commission (NCC) has unveiled its Spectrum Roadmap 2026–2030, signaling a major step toward faster broadband, improved connectivity,…
Microfinance Banks’ Non-Financial Assets Hit Record N358.8 Billion in June 2025
Non-financial assets held by Nigerian microfinance banks have surged to a record N358.787 billion as of June 2025, according to…
NSLTECH and Access Holdings Drive Trading as Nigerian All-Share Index Dips 0.01%
The Nigerian All-Share Index (ASI) edged slightly lower on Monday, January 19, 2026, closing at 166,112.5 points, a marginal decline…
Nigeria’s Non-Oil Exports Hit Record $6.1 Billion in 2025 – NEPC Reports Historic Growth
Nigeria’s non-oil exports reached an all-time high of $6.1 billion in 2025, according to the Nigerian Export Promotion Council (NEPC),…
SEC Capital Hike Triggers Survival Test for Nigeria’s Capital Market Operators
Nigeria’s Securities and Exchange Commission (SEC) has announced the most sweeping capital market reform in over a decade, dramatically increasing…