CBN Imposes Up to N10 Million Fines for Cheque Security Violations in Nigeria Focus Keyphrase:
The Central Bank of Nigeria (CBN) has announced a major overhaul of penalties for banks and cheque printers that breach…
Month: February 2026
Naira Strengthens to N1,430/$ at Parallel Market as CBN Boosts Liquidity
The naira strengthened to trade between N1,425 and N1,430 per dollar at Nigeria’s parallel market following the Central Bank of…
Lagos State Secures AA-(NG) Rating on ₦230 Billion Bond Issue to Boost Infrastructure
Lagos State has successfully secured an AA-(NG) national scale rating with a stable outlook from Global Credit Rating (GCR) for…
Nigerian Equities Market Gains N283bn as Strong Buy-Side Support Drives Optimism
The Nigerian equities market continued its upward momentum yesterday, recording a significant N283 billion gain, underpinned by strong buy-side support…
Trump Tariffs Trigger Record $3.5 Billion Customs Bond Shortfall for U.S. Importers
A record number of U.S. importers are struggling to meet federal financial requirements due to tariffs introduced during former President…
Elon Musk Unveils Moonbase Alpha Vision for xAI and SpaceX: The Future of AI in Space
Elon Musk is charting a bold new course for his companies SpaceX and xAI with a vision that stretches far…
Nigeria Must Act Fast to Harness AI: Adeoye Abodunrin Warns of Economic Risks
Artificial intelligence (AI) is no longer a distant possibility—it is transforming economies, industries, and the way work is done. Speaking…
CBN Imposes N10 Million Fine on Banks Using Unaccredited Cheque Printers
The Central Bank of Nigeria (CBN) has taken a firm stand on cheque security by imposing a N10 million fine…
NBET Budget Release 2025 Falls Far Short: Only N60 Million Released from N858 Billion Allocation
The Nigerian Bulk Electricity Trading (NBET) Plc has revealed that only N60 million was released from its N858 billion capital…
Seplat Leads NGX Rally as Nigerian Exchange Hits 441-Point Gain
The Nigerian Exchange (NGX) extended its winning streak on 12 February 2026, closing 441.3 points higher at 178,625.6. This 0.25%…
BOI Disburses N636bn in 2025, Tinubu Says Reforms Driving Nigeria’s Economic Growth
President Bola Ahmed Tinubu has praised the Bank of Industry (BOI) for achieving a historic N636 billion in loan disbursements…
Nigeria’s Telecom Policy Overhaul Drives $1 Billion Private Investment in Digital Infrastructure
Nigeria’s revamped telecommunications policies are paying off, attracting more than $1 billion in private investment, the Minister of Communications, Innovation,…
Nigeria’s Trade and Investment Soars: FG Reports $21bn Capital Inflows in 2025
The Federal Government of Nigeria is stepping up its trade and investment agenda after a remarkable rebound in 2025, with…
Nigerian-American Chamber Summit 2026 Aims to Boost Economic Stability in Nigeria
The Nigerian-American Chamber of Commerce (NACC) is set to host its 2026 Annual Breakfast Roundtable in Lagos, targeting strategies for…
Asia Markets Slide as AI Fears Shake Global Stocks
Asian stock markets fell on Friday, tracking losses in the U.S. as investor anxiety over artificial intelligence (AI) disruptions intensified.…
Dollar Inflows Surge to $3 Billion in January, Boosting Hopes for Nigerian Interest Rate Cut
Nigeria may be on the verge of easing its high interest rates as improved foreign exchange (FX) liquidity strengthens investor…
CBN Recalibrates BDC Guidelines to Strengthen Nigeria’s Forex Market
The Central Bank of Nigeria (CBN) has announced recalibrated guidelines for licensed Bureau De Change (BDC) operators, signaling a new…
NNPC 2025 Revenue Hits N60.5 Trillion as N14.7 Trillion Remitted to Federation Account
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a remarkable N60.5 trillion in total revenue for 2025, remitting…
World Bank Endorses Nigeria’s Bank Recapitalisation to Boost Private Sector Growth
The World Bank has applauded the Central Bank of Nigeria’s (CBN) ongoing banking sector recapitalisation, calling it a crucial step…
SEC–NOA Partnership to Curb Illegal Investment Schemes in Nigeria
The Securities and Exchange Commission (SEC) has announced plans to collaborate with the National Orientation Agency (NOA) in a renewed…
Nigeria Blackout Fears Rise as Seplat Gas Plant Maintenance Threatens 934MW Power Shortfall
Fears of widespread electricity disruptions are mounting across Nigeria following the announcement of scheduled maintenance at a major gas facility…
Nigeria Underperforms OPEC Oil Quota for Sixth Straight Month Despite January Output Increase
Nigeria has once again fallen short of its crude oil production target set by the Organisation of the Petroleum Exporting…
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…
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…