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…
Month: February 2026
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…
Nigerian Stock Market Surpasses N111 Trillion on Dangote Cement Demand
The Nigerian Exchange Limited (NGX) reached a new milestone yesterday, with market capitalization crossing the N111 trillion mark, fueled by…
Somalia and Türkiye Strengthen Digital Ties with New Electronic Communications MoU
Somalia’s National Communications Authority (NCA) and Türkiye’s Information Technologies and Communications Authority (BTK) have taken a significant step to deepen…
ZeroDrift Launches AI Compliance Platform to Streamline Financial Communications
In a major move for regulated industries, ZeroDrift has officially launched its AI-driven compliance platform, unveiling a $2 million pre-seed…
Nigeria to Launch Cybersecurity Framework to Combat Rising AI-Driven Attacks
The Federal Government of Nigeria has announced plans to implement a comprehensive cybersecurity framework this year aimed at tackling the…
NUPRC Launches 2025 Oil Licensing Round to Attract Global Investors
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on global investors to seize opportunities in its 2025 oil and…
Nigeria Revenue Service Sets Ambitious N40.7 Trillion Target After N28.3 Trillion Record in 2025
The Nigeria Revenue Service (NRS) has announced a record-breaking revenue collection of N28.3 trillion in 2025, surpassing the agency’s target…
NEC Calls for Unity and Delivery-Focused Reforms in Nigeria’s $1 Trillion Economy Drive
Nigeria’s drive to become a $1 trillion economy took center stage yesterday as the National Economic Council (NEC) concluded its…
BUA Foods Appoints Khalifa Rabiu as Chief Officer, Driving Global Procurement and Strategic Growth
BUA Foods Plc has appointed Mr. Isyaku Abdulsamad “Khalifa” Rabiu as Chief Officer, Global Procurement and Strategic Operations, effective January…
Nigerian Insurers’ Profits Plummet to N108.4bn Amid FX Volatility and Rising Claims
Nigeria’s insurance sector experienced a sharp downturn in profitability in 2025, as foreign exchange volatility, rising claims, and higher operating…
Elon Musk Eyes Moon Factory for AI Ambitions as xAI Faces Co-Founder Departures
Elon Musk is turning his attention skyward—literally. At a recent all-hands meeting with xAI employees, Musk outlined a bold vision:…
Naira Breaks Below N1,350/$ for First Time Since May 2024 Amid Rising Reserves
The Nigerian naira strengthened to N1,349.5 per US dollar on Tuesday, marking the first time it traded below the N1,350/$…
SEC Urges Nigerian Civil Servants to Invest in Capital Market for Wealth and Retirement Security
Nigeria’s Securities and Exchange Commission (SEC) has called on civil servants to actively engage in the capital market as a…
Crude Oil Nears $70 Amid US-Iran Tensions, Sparking Global Market Volatility
Crude oil prices surged toward $70 per barrel this week, climbing from $67 last week, as escalating tensions between the…
Dangote Reduces Petrol Price by N25 per Litre to Boost Local Refinery Competitiveness
Dangote Petroleum Refinery has announced a significant reduction in its petrol prices, slashing the gantry price of Premium Motor Spirit…
Nigeria Records $10.83bn Trade Surplus in 2025 Amid Rising Exports
Nigeria achieved a trade surplus of $10.83 billion in the first nine months of 2025, as exports of $44.06 billion…
Asia Markets Rise as Investors Digest China Inflation, Ignore Weak U.S. Retail Data
Asia-Pacific markets traded mostly higher on Wednesday as investors focused on economic developments in China, shrugging off weaker-than-expected U.S. retail…
World Bank Warns of Digital Job Risks Amid Weak Regulation in Developing Countries
The World Bank has issued a cautionary note about the rising trend of digital jobs, highlighting both the opportunities and…