Nigeria Allocates N34.6 Billion to Communications Ministry Amid Criticism Over Priorities
The Federal Government has earmarked a staggering N34.6 billion for research and development under the Ministry of Communications, Innovation and…
Month: January 2026
Dangote Refinery Launches 24-Hour Petrol Loading to Strengthen Nigeria’s Fuel Supply
The Dangote Petroleum Refinery has officially launched 24-hour petrol loading operations, marking a significant milestone in Africa’s largest refinery. This…
FG Orders Banks, Fintechs to Remit 7.5% VAT on Electronic Banking Service Fees from January 19
The Federal Government has directed all banks and fintech companies operating in Nigeria to begin collecting and remitting a 7.5…
NGX Lists 3.16 Billion UBA Shares, Boosting Market Liquidity and Capital Base
The Nigerian Exchange Limited (NGX) has officially listed an additional 3.16 billion ordinary shares of United Bank for Africa (UBA)…
European Markets Set for Higher Open as Greenland Tensions and Iran Developments Shape Investor Sentiment
European markets are expected to open broadly higher on Thursday as investors weigh escalating geopolitical developments alongside corporate earnings and…
Petrol Price Hike Looms in Nigeria as Global Crude Oil Crosses $66 per Barrel
Nigeria could be heading for another round of fuel price increases as global crude oil prices climbed above $66 per…
Africa Startup Funding 2025 Surges: Local Investors and Strong Fundamentals Drive Recovery
Africa’s startup ecosystem staged a strong comeback in 2025, ending a two-year slump as total funding climbed to $3.2 billion,…
Apple launches ‘Creator Studio’ bundle of apps for $12.99 per month
Apple has unveiled a new subscription bundle called Creator Studio, designed to give creators seamless access to its top creative…
Paystack Expands into Banking with Ladder Microfinance Acquisition in Nigeria
Nigeria’s fintech landscape is set to change as Paystack, the Stripe-owned payments giant, officially steps into banking. The company has…
DAPPMAN Confirms 60% National Fuel Supply, Pledges Commitment to Nigeria’s Energy Security
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has confirmed that its members now supply approximately 60% of…
FG Enforces 0.5% Levy on Fuel Wholesalers: What Nigeria’s Downstream Petroleum Sector Needs to Know
The Federal Government of Nigeria has moved to tighten regulatory control over the downstream petroleum sector by enforcing a 0.5%…
Nigeria to Generate $3 Billion Annually from Carbon Market, Says President Tinubu
President Bola Tinubu has announced that Nigeria is set to mobilize between $2.5 billion and $3 billion annually through a…
15 Nigerian States Allocate N10.7tn for Infrastructure Development in 2026
Fifteen Nigerian states are set to invest more than N10 trillion in infrastructure this year, marking a major push to…
NGX Pension Broad Index Outperforms All-Share Index with 59.72% Return in 2025
The NGX Pension Broad Index, a benchmark for pension-compliant equity investments, delivered an impressive 59.72% return in 2025, outpacing the…
European Stocks Soar as Greenland Talks Take Center Stage; BP Flags $5 Billion Q4 Charge
European stocks surged to record levels on Wednesday as investors shifted their focus to high-stakes talks over Greenland’s future. The…
Nigeria-UAE Trade Deal: CEPA Agreement to Liberalize Over 7,000 Products
Nigeria and the United Arab Emirates (UAE) have officially signed a Comprehensive Economic Partnership Agreement (CEPA), signaling a major step…
Statistics Bureau Reviews Inflation Data Standards Amid 31% December Spike Forecast
The National Bureau of Statistics (NBS) has announced a revision in its inflation calculation method, ahead of December’s consumer price…
Nigerian Stock Market Capitalisation Hits N106 Trillion as Investors Gain N1.66 Trillion
The Nigerian stock market surged to new heights yesterday, closing on a bullish note for the seventh consecutive trading session…
Top NGX SWOOT Dividend Stocks to Watch in January 2026
Nigeria’s stock market continued to impress investors in 2025, with a remarkable surge of over 51% year-to-date (YtD). Among the…
Nigerian Banking Stocks Set for 2026 Rally Amid Recapitalization and Market Optimism
Nigeria’s banking sector is positioning itself as one of the most compelling equity market opportunities for 2026, according to analysts…
Microsoft Expands AI Data Centers Without Raising Local Electricity Bills
Microsoft has announced a significant expansion of its AI data center network, promising to grow its infrastructure while keeping a…
NCC Launches Telecom Competition Assessment to Strengthen Nigeria’s Digital Economy
The Nigerian Communications Commission (NCC) has launched a nationwide assessment of competition in Nigeria’s telecommunications sector, aiming to drive innovation,…
Oil Prices Hit Seven-Week High as Fears Grow Over Iran Export Disruptions
Global oil prices settled at their highest levels in seven weeks on Monday as investors grew increasingly concerned that Iran’s…
World Bank Raises Nigeria Growth Forecast to 4.4%, Signalling Strongest Economic Expansion in a Decade
The World Bank has upgraded its outlook for Nigeria’s economy, projecting growth of 4.4 percent in 2026, a sharp increase…
Pension Broad Index Tops NGX with 59.72% Return in 2025
The NGX Pension Broad Index emerged as the best-performing benchmark on the Nigerian Exchange in 2025, delivering a return of…
UK Investors Drive $48 Million Surge in Nigeria’s Foreign Investment in 2025
Nigeria is witnessing a significant boost in foreign investment, with UK investors emerging as the largest contributors in 2025. According…
NBS Updates CPI: Modern Consumption Patterns Transform Nigeria’s Inflation Data
The National Bureau of Statistics (NBS) has officially overhauled its approach to measuring inflation, discarding outdated consumption items and refreshing…
FG Allocates N334.54 Billion for Contributory Pension in 2026 Budget
The Federal Government of Nigeria has earmarked N334.54 billion for contributory pension schemes across its agencies in the 2026 appropriation…
2026 Budget Shock: MDAs Add N3.5tn in New Projects Despite Federal Government Freeze
In a surprising turn, Nigeria’s 2026 budget reveals that Ministries, Departments, and Agencies (MDAs) have introduced at least N3.5 trillion…
Nigerian Insurers Oppose Tax Breaks for Foreign Firms, Warn of Market Distortion
A proposal to exempt foreign insurance companies from paying taxes on premiums generated in Nigeria has sparked concern among local…