Nigerian DisCos Generate N2.3tn Revenue in 2025 Despite Persistent Power Outages
Nigeria’s electricity distribution companies (DisCos) generated a combined N2.33 trillion in revenue in 2025, even as millions of consumers continued…
Month: March 2026
Global Equities Slide as Middle East Conflict Pushes Oil Prices Above $120
Global financial markets were shaken on Monday as escalating tensions between the United States, Israel and Iran sent crude oil…
NNPC Posts N385bn Profit as Oil Production Rises to 1.64mbpd
The Nigerian National Petroleum Company Limited reported a profit after tax of N385 billion in January 2026, supported by a…
Dangote Fertiliser Demand Surges as US–Israel–Iran Conflict Disrupts Global Supply
Demand for fertiliser produced by Dangote Industries Limited has surged in recent weeks as the escalating tensions involving the United…
Global Investors Flock to Nigeria as Growth Potential Surges
Nigeria is rapidly emerging as a prime destination for global investors, with the country’s strategic push toward becoming a $1…
FTN Cocoa, Unity Bank Drive Nigerian Stock Market Rally for Week Ended March 6, 2026
The Nigerian stock market ended the first trading week of March 2026 in positive territory, with the All-Share Index rising…
Oil Stocks Surge 9.43% as Naira Trades at Discount in Parallel Market
The oil and gas sector emerged as the top performer on the Nigerian Exchange Limited (NGX) last week, posting a…
Nigeria LNG Cargo Diverted to Asia Amid Record Gas Price Surge
A shipment of liquefied natural gas (LNG) from Nigeria has been redirected to Asia as soaring regional prices created an…
NNPC Moves to Secure Foreign Crude for Dangote Refinery Amid Rising Petrol Prices in Nigeria
The Nigerian National Petroleum Company Limited (NNPC) has initiated plans to secure crude oil for the Dangote Petroleum Refinery through…
Pro-Human Declaration Offers Roadmap for Safe AI Development Amid Pentagon Tensions
The U.S. faces a pivotal moment in the governance of artificial intelligence as lawmakers remain slow to act. The Pro-Human…
AI-Generated Fraud Now Drives 69% of Africa’s Biometric Fintech Attacks
Africa’s digital financial ecosystem is facing a new wave of threats as artificial intelligence increasingly powers biometric fraud. According to…
FG Promises Completion of 570MW Alaoji Power Plant by 2027
The Federal Government has assured Nigerians that the 570-megawatt Alaoji Power Plant will be completed by the third quarter of…
CBN to Raise N850 Billion in Treasury Bills Auction on March 11, Boosting Weekly Debt to N2 Trillion
The Central Bank of Nigeria (CBN) is set to raise N850 billion through a fresh Treasury Bills (NTBs) auction scheduled…
Kenya’s Pension Assets Surge to KSh 2.81 Trillion in 2025 Amid Strong Contributions and Investment Gains
Kenya’s retirement benefits sector recorded a remarkable growth in 2025, with total pension assets hitting KSh 2.81 trillion by December,…
CBN PMI Hits 56.4 in February, Marking 15 Months of Continuous Economic Expansion
Nigeria’s economic momentum continued in February 2026, with the Central Bank of Nigeria’s (CBN) composite Purchasing Managers’ Index (PMI) climbing…
Treasury Bill Auction Oversubscribed as Ghana’s Interest Rates Drop to 4.82%
Ghana’s recent Treasury bill auction has once again exceeded expectations, signaling strong investor confidence in government securities. The Bank of…
Domestic Investors Lead Nigerian Bank Recapitalisation, Driving 72% of Funds
Domestic investors have been the major force behind Nigeria’s ongoing bank recapitalisation programme, contributing approximately 72% of the total funds…
Fuel Price Fluctuations in Nigeria Driven by Market Forces, Says NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that the recent fluctuations in fuel pump prices are…
G7 Finance Ministers to Discuss Emergency Oil Release Amid Iran Conflict
The Group of Seven (G7) finance ministers are set to discuss a coordinated release of emergency oil reserves in a…
Iran War Threatens Nigeria’s Economic Recovery: The Fragility of Tinubunomics
As the war between the United States, Israel, and Iran intensifies thousands of kilometres away, Nigeria is already feeling the…
Iraq Oil Production Plummets 70% Amid Strait of Hormuz Shipping Disruptions
Iraq’s oil production has taken a severe hit, dropping by roughly 70% after exports through the strategic Strait of Hormuz…
Nigerian Stock Market Valuation Hits N126 Trillion as Investors Trade N177 Billion Shares
The Nigerian stock market continued its upward momentum this week, with the total market capitalisation climbing to N126.43 trillion, according…
NGX Group and CSCS Lead Global Push for Gender Equality in Capital Markets
The Nigerian Exchange Group (NGX), in collaboration with the Central Securities Clearing System (CSCS) and Women in Management, Business and…
European Markets Set to Slump as Middle East Tensions Push Oil Prices Above $110
European stock markets are expected to open sharply lower on Monday as escalating tensions in the Middle East push global…
Nigeria Pension Assets Rise to N28.03tn as FGN Securities Dominate Investments
Nigeria’s pension industry recorded a strong start to 2026 as total pension assets rose by N580 billion in January, highlighting…
Champion Breweries Meets NGX Free Float Requirement After Public Offer and Rights Issue
Champion Breweries Plc has announced that it has successfully met the minimum free float requirement for companies listed on the…
Nigeria’s Power Sector Debt: A Case for Accountability Amidst Audit Disputes
Nigeria’s power sector has long been plagued by structural inefficiencies, weak liquidity and persistent non-performance across the value chain. The…
AWS Launches Amazon Connect Health: AI Agent Platform for Streamlined Healthcare Administration
Amazon Web Services (AWS) has officially entered a new phase in healthcare innovation with the launch of Amazon Connect Health,…
Nigeria to Train 10,000 AI Experts Through Microsoft and TeKnowledge Partnership
Nigeria is taking a major step toward becoming a global hub for artificial intelligence as TeKnowledge and Microsoft announce the…
NNPC Leads Petrol Price Surge in Nigeria Amid Looming Fuel Scarcity
The price of Premium Motor Spirit (PMS), commonly known as petrol, has surged sharply across Nigeria, sparking concerns over a…