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Day: February 25, 2026

NGX Loses N1.14tn as Major Stocks Trigger Broad Market Sell-Off
BusinessFinanceLocal

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…

byayotilewaFebruary 25, 2026
FGN Bond Demand Hits N2.70 Trillion in February as Yields Drop
BusinessFinanceLocalMarket

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…

byayotilewaFebruary 25, 2026
Diageo Shares Plunge 6% After Dividend Cut and Lowered Profit Forecast
BusinessInternationalStock

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%…

byayotilewaFebruary 25, 2026
Banks Raise N4tn Ahead of CBN Recapitalisation Deadline, Boosting Investor Confidence
BankingBusinessLocal

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…

byayotilewaFebruary 25, 2026
Investing in Early Childhood Key to Nigeria’s $1tn Economy by 2050 – World Bank
BusinessEconomyLocal

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.…

byayotilewaFebruary 25, 2026
Nigeria and Sweden Strengthen Ties to Unlock Bankable Opportunities in Energy and Digital Economy
BusinessInternationalinvestment

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…

byayotilewaFebruary 25, 2026
Nigeria Moves to Democratize Dollar Savings and Investments for All Nigerians
BusinessFinanceLocal

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…

byayotilewaFebruary 25, 2026
West African Regulators Must Harmonise Refinery Rules to Boost Energy Security
BusinessEnergyLocal

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…

byayotilewaFebruary 25, 2026
ITU Launches AI for Good Program to Transform Global Education Access
InternationalTechnology

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…

byayotilewaFebruary 25, 2026
EU Pledges €22 Million to Boost Nigeria’s 90,000km Fibre-Optic Rollout
BusinessInternationalTechnology

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…

byayotilewaFebruary 25, 2026
Dangote Refinery Achieves Fuel Self-Sufficiency, Set to Supply 65 Million Litres of Petrol Daily
BusinessEnergyLocal

Dangote Refinery Achieves Fuel Self-Sufficiency, Set to Supply 65 Million Litres of Petrol Daily

Nigeria’s energy landscape is entering a new era as Dangote Petroleum Refinery & Petrochemicals announces it will supply between 60…

byayotilewaFebruary 25, 2026
New crude grade to boost Nigeria’s output coming in March
BusinessEnergyLocal

New crude grade to boost Nigeria’s output coming in March

Nigeria is set to expand its crude oil portfolio with the launch of a new light, sweet grade called Cawthorne,…

byayotilewaFebruary 25, 2026
Nigerian Breweries Plc Honors Top Trade Partners at 2025 Distributor Awards
BusinessLocal

Nigerian Breweries Plc Honors Top Trade Partners at 2025 Distributor Awards

Nigerian Breweries Plc, the country’s leading brewing company, celebrated its outstanding trade partners at the 2025 Distributor Awards held at…

byayotilewaFebruary 25, 2026
India’s AI Boom: Can Tech Giants Turn Surging Users into Revenue?
InternationalTechnology

India’s AI Boom: Can Tech Giants Turn Surging Users into Revenue?

India has emerged as the world’s fastest-growing market for generative AI, with app downloads skyrocketing 207% in 2025, according to…

byayotilewaFebruary 25, 2026
Aradel Leads N14.2 Billion Trading as Nigerian Stock Market Slips Below 195,000
BusinessLocalStock

Aradel Leads N14.2 Billion Trading as Nigerian Stock Market Slips Below 195,000

The Nigerian Stock Market ended the week in the red as the All-Share Index (ASI) slipped 1,779 points to close…

byayotilewaFebruary 25, 2026
Naira Slides to N1,359/$ After CBN Interest Rate Cut to 26.5%
BusinessEconomyLocal

Naira Slides to N1,359/$ After CBN Interest Rate Cut to 26.5%

The naira slid to N1,359 per dollar on Tuesday after the Central Bank of Nigeria (CBN) announced a 50 basis…

byayotilewaFebruary 25, 2026
European Markets Open Higher as Trump’s 10% Tariff Eases Investor Fears
BusinessInternationalMarket

European Markets Open Higher as Trump’s 10% Tariff Eases Investor Fears

European markets are set for a stronger start on Wednesday as investor anxiety eased following the implementation of U.S. President…

byayotilewaFebruary 25, 2026
CBN Cuts Interest Rate to 26.5% as OPS Hails Move as Growth Signal
BusinessEconomyLocal

CBN Cuts Interest Rate to 26.5% as OPS Hails Move as Growth Signal

Nigeria’s apex bank has trimmed its benchmark lending rate in what business leaders describe as a cautious but encouraging step…

byayotilewaFebruary 25, 2026
Dangote Refinery Signs 65 Million Litres Daily Petrol Distribution Deal with 12 Marketers
BusinessEnergyLocal

Dangote Refinery Signs 65 Million Litres Daily Petrol Distribution Deal with 12 Marketers

Nigeria’s fuel supply landscape is set for a major shift as the Dangote Petroleum Refinery has signed a landmark offtake…

byayotilewaFebruary 25, 2026
NNPC to Export Cawthorne Crude in March as Nigeria Targets Higher Oil Output
BusinessEnergyLocal

NNPC to Export Cawthorne Crude in March as Nigeria Targets Higher Oil Output

Nigeria is set to commence exports of a new light, sweet crude grade known as Cawthorne in March, marking another…

byayotilewaFebruary 25, 2026

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