FG Targets $5.7bn China Investment Deal to Boost Power, Mining and Manufacturing
Nigeria’s Federal Government is intensifying efforts to secure a $5.7bn China investment deal aimed at transforming key sectors of the…
Month: February 2026
NGX Suspends Zichis Agro-Allied Shares After 772% Price Surge
The Nigerian Exchange Limited (NGX) has suspended trading in the shares of Zichis Agro-Allied Industries Plc following an extraordinary 772%…
Goldman Sachs Raises Brent Oil Price Outlook to $60 in Q4 2026 Amid Shifting Market Fundamentals
Global investment banking giant Goldman Sachs has revised its oil price outlook upward, projecting that Brent crude will average $60…
FG Moves to Secure $5.7bn China Investments to Boost Power, Mining and Manufacturing
Nigeria’s Federal Government is making a major push to attract up to $5.7 billion in new Chinese investments to strengthen…
Mutual Benefits Pays N5.94bn in January Claims, Reinforcing Trust and Financial Strength
Mutual Benefits Insurance Plc has made a remarkable start to 2026, paying a total of N5.94bn in claims to its…
Ellah Lakes Refunds Investors After N235 Billion Public Offer Falls Short
Ellah Lakes Plc has announced it will refund all investors following the unsuccessful conclusion of its N235 billion public offer.…
FG and Japan Launch $50 Million Innovation Fund to Boost Nigerian Startups
The Federal Government of Nigeria, in collaboration with the Japan International Cooperation Agency (JICA), has officially launched a $50 million…
CBN Set to Ease Rates as Inflation Cools and Naira Strengthens
As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) begins its meeting today, analysts are signaling…
LG Launches AI-Powered Smart Home Solutions Across Middle East and Africa
LG Electronics is bringing the future into homes across the Middle East and Africa with its latest artificial intelligence-powered smart…
Nvidia Targets India’s AI Startups Early with New Partnerships
Nvidia is stepping up its involvement in India’s burgeoning artificial intelligence scene by reaching out to startups at the earliest…
Nigeria’s Capital Market Contribution to GDP Hits 33% as Market Surges Past N123 Trillion
Nigeria’s capital market has recorded a historic surge, with its contribution to the country’s Gross Domestic Product (GDP) climbing to…
Nigeria Allocates 5% of GDP to Industrial Financing in Bold Move to Boost Manufacturing
The Federal Government of Nigeria has unveiled plans to allocate up to 5% of the nation’s Gross Domestic Product (GDP)…
Bitcoin Price Drop to $64,000 as US Tariff Uncertainty Shakes Crypto Markets
Bitcoin fell sharply in early Asian trading on Monday, sliding toward $64,000 as uncertainty over United States tariff policy rattled…
NGX Sees N252bn Equity Trades as Market Cap Hits N125 Trillion
Equity investors on the Nigerian Exchange (NGX) exchanged 7.66 billion shares worth N252.56 billion in 345,118 deals between February 16…
Dangote Refinery Shares to Open to Nigerians in Five Months: Retail Investors to Benefit
Chairman of the Dangote Group, Aliko Dangote, has confirmed that ordinary Nigerians will be able to purchase shares in the…
NGX Weekly Gain: Heavyweight Banking Stocks Drive Historic N8.14trn Market Rally
The Nigerian equities market delivered one of its most remarkable performances in recent years, as investors added a staggering N8.14…
European Markets Slide as Trump’s 15% Global Tariffs Rattle Investors
European markets are set to open lower on Monday as investors react to U.S. President Donald Trump’s announcement of new…
Tinubu Approves N2.8tn for GenCos, Rejects N6tn Electricity Subsidy Claim
President Bola Tinubu has approved N2.8 trillion as the Federal Government’s verified debt to Nigeria’s power generation companies (GenCos), sharply…
PENGASSAN Urges FG to Sell 51% Stake in NNPCL Refineries to Core Investors
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has renewed its long-standing call for the Federal Government…
FG Commits 5% of GDP to Manufacturing Growth Under Nigeria Industrial Plan
The Federal Government has pledged to channel up to five per cent of Nigeria’s Gross Domestic Product annually into industrial…
Nigerian Equities Market Gains N1.698 Trillion as Investors Flock to Blue-Chip Stocks
The Nigerian equities market maintained its positive streak yesterday, recording a remarkable N1.698 trillion gain as portfolio managers and income-focused…
Treasury Bills Oversubscription Hits 272% as Yields Ease at Nigerian Auction
Investors rushed to the Nigerian Treasury Bills primary market on Wednesday, pushing total subscriptions to a staggering N4.28 trillion against…
Kospi Soars to Record High Amid Chip and Defense Stock Rally
South Korea’s Kospi index surged to a fresh record high for the second consecutive day on Friday, fueled by strong…
Tinubu’s Executive Order to Boost FG, State, and LG Revenues by N15tn: Direct Oil and Gas Remittances
President Bola Tinubu’s latest Executive Order is set to transform Nigeria’s oil and gas revenue system, with federal, state, and…
MPC Weighs Policy Easing as Inflation Declines, Analysts Eye Possible Rate Cut
Nigeria’s Monetary Policy Committee (MPC) is preparing for its February 23–24 meeting amid growing debate over whether to cut the…
CBN Pushes for Safer Digital Cross-Border Payments to Boost Financial Inclusion
The Central Bank of Nigeria (CBN) has emphasized the transformative potential of digital cross-border payments while cautioning that weak regulation…
CNG Stations Rollout Falls Short of 2025 Target Despite $2 Billion Investment
Despite securing over $2 billion in private sector funding since 2023, Nigeria’s Compressed Natural Gas (CNG) infrastructure rollout has fallen…
LG Unveils AI-Powered Smart Home Solutions Across MEA at InnoFest 2026 and Mega HORECA 2026
LG Electronics has taken a major step in redefining modern living with the launch of its AI smart home solutions,…
AI Ventures Accelerator Offers $10,000 to Empower Women-Led African Startups
African women entrepreneurs are being given a golden opportunity to grow their startups with the launch of the AI Ventures…
CBN Warns Digital Payment Growth Could Spark Currency Substitution and FX Volatility
The Central Bank of Nigeria (CBN) has raised alarms over the rapid expansion of digital payments, warning that without careful…