Swiss Private Bank Banque Pictet Expands into Africa Amid Booming Millionaire Population
Swiss private banking giant Banque Pictet has officially entered Africa, opening its first office in South Africa in a move…
Day: February 16, 2026
No Decision Yet on Disputed Oil Wells Reallocation, Confirms RMAFC
The federal government has not made any decision on the reallocation of disputed crude oil wells between Nigeria’s oil-producing states,…
NNPCL Signs MoU with China Gas to Boost Domestic LNG and Power Infrastructure
The Nigerian National Petroleum Company Limited (NNPCL) has taken a significant step to strengthen Nigeria’s domestic energy infrastructure by signing…
Brent Crude Trades $67.78, $3 Above Nigeria’s 2026 Oil Benchmark Amid Geopolitical Tensions
Global oil markets opened the week with Brent crude trading at $67.78 per barrel on Monday, holding about $3 above…
Glean Builds the AI Layer Beneath Enterprise Tools: The Next Frontier in Business Intelligence
The race for enterprise AI is intensifying. Tech giants like Microsoft and Google are embedding AI assistants such as Copilot…
Nigeria’s Inflation Set to Hit 18% in January, Analysts Warn of Temporary Spike
Analysts have projected that Nigeria’s headline inflation could climb to around 18 per cent in January 2026, defying the downward…
Nigeria Rules Out Public Funding for National Carrier, Urges Private Investors
The federal government has confirmed that it will no longer allocate public funds to establish a national carrier, signaling a…
European Markets Edge Higher Amid Munich Security Conference Talks
European markets opened slightly higher on Monday as investors digested key insights from the Munich Security Conference, highlighting both opportunities…
Flutterwave’s International Expansion Drives Financial Inclusion Across Africa, Says Koroma
Former Sierra Leonean President Ernest Bai Koroma has praised Nigeria’s pivotal role in Africa’s economic and technological development, noting that…
SEC Partners with NOA to Combat Illegal Investment Schemes in Nigeria
The Securities and Exchange Commission (SEC) has announced a strategic partnership with the National Orientation Agency (NOA) to educate Nigerians…
Banks Rush to Complete Mergers and Acquisitions Ahead of CBN March 31 Recapitalisation Deadline
Nigeria’s banking sector is entering a high-stakes phase as the Central Bank of Nigeria’s (CBN) March 31 recapitalisation deadline looms.…
NNPC Revenue Surges to N60.5 Trillion in 2025, Profit Hits N5.7 Trillion
The Nigerian National Petroleum Company Limited (NNPC) has reported a remarkable N60.5 trillion in revenue for 2025, alongside a profit…
Nigeria’s Capital Importation Hits Six-Year High of $16.7bn in First Nine Months of 2025
Nigeria’s capital importation surged to a six-year high, attracting a total of $16.7 billion in the first nine months of…
Long-Term Stock Investment: The Key to Lasting Wealth for Nigerian Households
Experts at the 5th edition of the Blakey National Economic Conference in Lagos have highlighted stock investment as the most…
Telecom FDI Surges to $208.5 Million in Q3 2025 Amid Regulatory Boost
Foreign direct investment (FDI) into Nigeria’s telecommunications sector rebounded strongly in the third quarter of 2025, according to the latest…
India Becomes Second-Largest Market for ChatGPT with 100M Weekly Users, Says Sam Altman
India now hosts 100 million weekly active ChatGPT users, making it one of OpenAI’s fastest-growing markets, CEO Sam Altman announced…
Nigeria Business Events This Week: January Inflation Report and Circular Economy Week in Focus
Nigeria’s business calendar is packed with high-profile events from February 16 to 21, offering insights into the country’s economic trends,…
Pension Reforms Spark NGX Rally as Market Gains N6.79tn in Historic 6.16% Surge
Nigeria’s stock market delivered one of its strongest weekly performances in recent memory after sweeping pension reforms triggered a wave…
Tax Reforms to Modernise Nigerian Economy – Iyabo Masha Ahead of G-24 Meeting
Nigeria tax reforms will play a central role in modernising the economy and strengthening public finances, according to Iyabo Masha,…
Lagos Lists N244.8bn Bonds on NGX to Boost Infrastructure and Green Projects
The Lagos State Government has officially listed two major bond instruments worth N244.815bn on the Nigerian Exchange Limited, reinforcing its…