NNPC Warns of Power Dip as Seplat Shuts Gas Plant for Maintenance
The Nigerian National Petroleum Company Limited (NNPC Ltd) has issued a power dip warning following the planned shutdown of a…
Day: February 12, 2026
Nigeria’s 15% Minimum Effective Tax Rate Reshapes Investment Strategy for Large Companies
Nigeria has officially introduced a 15 percent Minimum Effective Tax Rate (ETR) for large domestic companies and multinational enterprises, marking…
Nigerian All-Share Index Hits Eight-Day Winning Streak as Transcorp Hotels Soars 9%
The Nigerian equities market maintained its bullish momentum on 11th February 2026, as the All-Share Index (ASI) rose 0.78% to…
NGX Shares Surge to N100 Amid Strong Governance and Market Reforms
The shares of the Nigerian Exchange Group (NGX) soared to N100 last Friday, marking a remarkable 43% year-to-date rally that…
Nigeria Revenue Service Sets Ambitious N40.7 Trillion Revenue Target for 2026
Nigeria Revenue Service (NRS) has unveiled an ambitious revenue target of N40.711 trillion for 2026, marking a 44% increase from…
Africa Must Unite to Unlock Energy Potential, Says NCDMB Executive Secretary
Africa’s energy sector could reach new heights if countries across the continent work together, according to Felix Ogbe, Executive Secretary…
The Brutal Economics of Orbital AI: Why Space Data Centers Are Still Out of Reach
Elon Musk’s vision of artificial intelligence in space is no longer science fiction. From his frequent nods to Iain Banks’…
Sophos Acquires Arco Cyber to Integrate Agentic AI into Cybersecurity Ecosystem
Sophos, a global leader in cybersecurity solutions, has announced the acquisition of UK-based Arco Cyber, a company focused on helping…
Nigeria Records $21 Billion Capital Inflows in 10 Months as Investor Confidence Surges
Nigeria’s capital importation surged to $21 billion within the first ten months of 2025, marking a 75% increase from the…
African Families Struggle as Cost of Living Soars: Only 1 in 10 Nigerians Earn Above N1 Million
Across Africa, families are feeling the squeeze as the cost of living climbs, leaving households financially stretched and struggling to…
Tony Elumelu Calls for Public-Private Partnerships to Transform African Agribusiness
Tony Elumelu, Founder and Group Chairman of Heirs Holdings, has called on African governments to strengthen collaboration with the private…
NGX Investors Gain N4.14tn in Three Days as Market Hits N114tn Record
Investors on the Nigerian Exchange Limited (NGX) pocketed a remarkable N4.14 trillion in just three trading days this week, pushing…
Nigeria’s Capital Importation Soars to $21 Billion in 10 Months of 2025, Signaling Investor Confidence
Nigeria witnessed a significant surge in capital inflows, recording approximately $21 billion in the first 10 months of 2025. This…
Nigeria’s Crude Oil Output Rises to 1.459 Million BPD in January 2026 Amid Ongoing Challenges
Nigeria’s crude oil production rose to 1.459 million barrels per day (bpd) in January 2026, reinforcing its position as Africa’s…
Modal Labs Eyes $2.5B Valuation in Latest AI Inference Funding Talks
Modal Labs, the AI inference startup known for optimizing how AI models generate responses, is reportedly in early discussions with…
Dangote Refinery Receives 250,000MT of Crude and Feedstocks Amid Import Clarifications
Dangote Petroleum Refinery and Petrochemicals has taken delivery of approximately 250,000 metric tonnes of crude oil and intermediate feedstocks at…
European Markets Poised for Gains as Investors Eye Key Earnings Reports
European stocks are expected to open higher on Thursday, as investors prepare for a fresh round of corporate earnings that…
Shared Gas Infrastructure Key to Africa’s Industrial Growth, Says NNPC
The Nigerian National Petroleum Company Limited (NNPC Ltd) has emphasised that shared gas infrastructure in Africa is vital to unlocking…
Dangote Refinery Hits Full Capacity of 650,000 bpd, Boosting Nigeria’s Energy Security
The Dangote Petroleum Refinery has officially reached its full nameplate capacity of 650,000 barrels per day (bpd), marking a historic…
Technology Key to Implementing New Tax Laws, Says Adedeji
The Executive Chairman of the Nigerian Revenue Service (NRS), Zacch Adedeji, has declared that technology will determine the success of…
Africa takes first step in handling credit rating biase – AFCRA
As the continent continues its march towards economic integration and resilience, the establishment of Africa Credit Rating Agency (AfCRA) represents…