Why the Naira Is Gaining Strength: Understanding the Link Between Bitcoin and Nigeria’s Currency Recovery
The Nigerian Naira is showing signs of recovery after years of volatility, with the currency trading around N1,340 per US…
Month: February 2026
M-PESA Ethiopia Launches Africa’s First Mobile Money AI Bundle
M-PESA Ethiopia has broken new ground by teaming up with Gebeya Inc. to launch the Dala AI Bundle, making it…
Anthropic Acquires Seattle AI Startup Vercept to Expand Claude AI Capabilities
Anthropic on Wednesday confirmed the acquisition of Vercept, a Seattle-based AI startup known for its cloud-powered computer-use agent, Vy. The…
Dangote Refinery to Supply 65 Million Litres of Petrol Daily, Boosting Nigeria’s Fuel Self-Sufficiency
The Dangote Petroleum Refinery has entered a landmark offtake agreement with 12 major and independent oil marketers to distribute between…
TotalEnergies Launches 5MW Solar Plant at OML 58 to Boost Nigeria’s Clean Energy Drive
TotalEnergies Marketing Nigeria Plc has revealed plans to inaugurate a five-megawatt (5MW) solar power plant at OML 58, aimed at…
States Back Executive Order 9, Say Nigeria Could Gain N1.5 Trillion Annually
The Forum of State Commissioners of Finance has expressed strong support for President Bola Tinubu’s Executive Order 9, emphasizing that…
Puma Shares Rise 6% After Narrower-Than-Expected $422 Million Loss in 2025 Earnings Report
Shares of German sportswear giant Puma rose nearly 6% on Thursday after the company released its full-year 2025 earnings, reporting…
Dangote Refinery Launches Surfacent Plant to Revolutionize Africa’s Industrial Future
Dangote Petroleum Refinery is taking a bold step to transform Africa’s industrial landscape by moving beyond crude processing into a…
Tinubu Extends Raw Shea Nuts Export Ban to 2027 to Boost Nigeria’s Processing Industry
President Bola Tinubu has approved a one-year extension of the ban on the export of raw shea nuts, effective from…
Nigerian Crude Surges Past $70 as Geopolitical Tensions Boost Oil Prices
Nigerian crude oil has climbed above $70 per barrel, exceeding the Federal Government’s 2026 budget benchmark of $64.85. Latest market…
FCMB Shares Surge on NGX as Investor Confidence Builds
FCMB Group Plc is experiencing a notable surge on the Nigerian Exchange (NGX), capturing growing attention from both retail and…
Nigeria Revenue Service Targets N40.7 Trillion in 2026 Following Tax Reforms
The Nigeria Revenue Service (NRS) has announced an ambitious plan to collect N40.7 trillion in taxes and royalties in 2026,…
FG Secures $100 Million EBRD Investment to Expand Fibre-Optic Connectivity in Nigeria
Nigeria’s Federal Government has secured a $100 million investment from the European Bank for Reconstruction and Development (EBRD) to accelerate…
Tier-One Banks Weigh on Nigerian Stock Market as All-Share Index Holds 194,000 Line
The Nigerian Stock Market closed lower on February 25, 2026, with the All-Share Index slipping 0.06% to settle at 194,370.2…
Capsa Technology Named Top-8 Finalist in Afreximbank AfCFTA Accelerator Programme
A leading digital marketplace company, Capsa Technology, has been named a top-8 finalist in the Afreximbank Flagship Accelerator Programme, standing…
European Markets Turn Cautious as Earnings Take Center Stage Over Tariff Fears
Investor sentiment across European markets shifted on Thursday, as attention moved away from global tariff tensions and toward a packed…
Champion Breweries Completes Bullet Brand Acquisition to Drive Pan-African Expansion
Champion Breweries Plc has officially completed the acquisition of the Bullet brand portfolio from Sun Mark, marking a major step…
Bank Recapitalisation Deadline Puts 13 Nigerian Lenders at Risk of Mergers
With the March 31 recapitalisation deadline fast approaching, pressure is mounting on at least 13 Nigerian banks still working to…
NGX Extends Bearish Trend as Market Cap Drops by N73.43bn Amid Profit-Taking
The Nigerian equities market extended its bearish trend on Wednesday as investors continued to take profits from banking and insurance…
Nigeria Targets 12% Annual Growth to Achieve $1 Trillion Economy
Nigeria will need to maintain annual economic growth of between 10 and 12 percent over the next decade if it…
NGX Loses N1.14tn as Major Stocks Trigger Broad Market Sell-Off
Sell-offs in key Nigerian stocks including BUA Foods Plc, MTN Nigeria Communications Plc, and Stanbic IBTC Holdings Plc triggered a…
FGN Bond Demand Hits N2.70 Trillion in February as Yields Drop
Investor interest in Federal Government of Nigeria (FGN) bonds surged in February 2026, with total subscriptions hitting N2.70 trillion, reflecting…
Diageo Shares Plunge 6% After Dividend Cut and Lowered Profit Forecast
European markets opened higher on Wednesday as investors welcomed some clarity on global trade, with U.S. tariffs starting at 10%…
Banks Raise N4tn Ahead of CBN Recapitalisation Deadline, Boosting Investor Confidence
Nigerian banks have successfully raised N4.05 trillion in verified and approved capital as they approach the March 31, 2026, recapitalisation…
Investing in Early Childhood Key to Nigeria’s $1tn Economy by 2050 – World Bank
Nigeria’s ambition to become a $1 trillion economy by 2050 may rely more on its youngest citizens than previously recognized.…
Nigeria and Sweden Strengthen Ties to Unlock Bankable Opportunities in Energy and Digital Economy
Nigeria is ramping up its bilateral partnership with the Republic of Sweden, targeting strategic collaboration in energy, infrastructure, and digital…
Nigeria Moves to Democratize Dollar Savings and Investments for All Nigerians
The Nigerian government is stepping up efforts to make foreign-currency savings and investments more accessible to ordinary Nigerians, including those…
West African Regulators Must Harmonise Refinery Rules to Boost Energy Security
West African energy regulators face growing pressure to harmonise refinery standards and investment frameworks as the region prepares for a…
ITU Launches AI for Good Program to Transform Global Education Access
The International Telecommunication Union (ITU) has officially opened applications for its AI for Good Innovation Factory, a global initiative aimed…
EU Pledges €22 Million to Boost Nigeria’s 90,000km Fibre-Optic Rollout
The European Union has committed €22 million to support Nigeria’s ambitious fibre-optic expansion under the Federal Government’s Project BRIDGE, a…