Nigeria to Adopt T+1 Settlement Cycle in Capital Market from May 29, 2026
Nigeria’s capital market is set to transition to a T+1 settlement cycle starting May 29, 2026, a move aimed at speeding up the processing of trades and aligning the market…
Taiwo Oyedele Pledges Swift Implementation of Nigeria’s Tax Reforms as Minister of State for Finance
Newly appointed Minister of State for Finance, Mr. Taiwo Oyedele, has vowed to ensure Nigeria’s tax reforms move from paper to practical implementation, emphasizing that “reforms are only as good…
NGX All-Share Index Surges Past 200,000 Points as Investor Confidence Soars
Nigeria’s stock market reached a historic milestone on Monday as the NGX All-Share Index (ASI) surged past the 200,000-point mark, closing at 201,474.89 points. The gain, representing a 1.55% increase…
Nigeria’s $1 Trillion Economy Goal: Oyedele and Uzoka-Anite Commit to Fiscal Discipline and Private Sector Growth
Newly sworn-in ministers of state, Finance, Taiwo Oyedele, and Budget & Economic Planning, Doris Uzoka-Anite, have outlined ambitious plans to strengthen Nigeria’s public finances and drive the country toward a…
CBN Waives Affidavit Requirement for Dormant Account Reactivation to Unlock Trapped Funds
The Central Bank of Nigeria (CBN) has announced a significant policy change, waiving the affidavit requirement for reactivating dormant bank accounts. The move is expected to make it easier for…
Transcorp Energy Secures World Bank-Backed Bid to Expand Renewable Power in Abuja
Transcorp Energy Limited has emerged as the successful bidder for key lots in the Federal Capital Territory under the World Bank–supported Utility Enabled Projects, coordinated by the Rural Electrification Agency…
China’s Mass-Democratised AI Agents Ignite Global Tech Debate
China’s technology landscape is experiencing a major shift as mass-democratised AI agents gain popularity among everyday users. Once the domain of research labs and large tech companies, AI is now…
Nvidia Launches NemoClaw: Secure Enterprise AI Agents Built on OpenClaw
Nvidia is taking a bold step into enterprise AI with the launch of NemoClaw, a secure AI agent platform built on the popular open-source framework OpenClaw. Announced by CEO Jensen…
Naira Strengthens to N1,355 per Dollar as Nigeria’s Forex Market Shows Signs of Stability
The Nigerian naira continued its upward trend on Monday, appreciating to N1,355 per U.S. dollar at the official foreign exchange market, compared to N1,363.5/$ recorded on Friday. This marks the…
GOIL CEO Warns StarOil Night Fuel Discount Could Breach Pricing Rules-Ghana
The Chief Executive Officer and Managing Director of GOIL Ghana, Edward Bawa, has raised concerns over StarOil Ghana’s proposal to sell fuel at reduced prices during night hours, saying it…
Nigeria’s Internet Usage Soars 168% in Three Years as Broadband Access Expands
Nigeria has witnessed a dramatic surge in internet usage over the past three years, with total traffic climbing approximately 168% from January 2023 to January 2026, according to data from…
Nigeria’s Economic Reforms Boost Capital Growth, Says NGX CEO
Nigeria’s economic reforms are already showing measurable impact on domestic capital formation and global investment potential, the Group Chief Executive Officer of Nigerian Exchange Group Plc (NGX), Temi Popoola, has…
Nigeria Sees $96bn in Crypto Transactions as SEC Moves to Strengthen Oversight
Nigeria’s digital finance ecosystem has reached a staggering $96 billion in cryptocurrency and other virtual asset transactions, the Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, revealed. Speaking…
AfDB Grants $5.52M to Boost Tax Systems in Nigeria and West Africa
The African Development Bank (AfDB) has approved a $5.52 million grant to strengthen tax systems in Nigeria and several West African countries, a move aimed at modernizing tax administration and…
Dangote Secures $4.2B Gas Deal with China’s GCL to Power Ethiopia Fertiliser Megaproject
Dangote Industries Limited (DIL) has finalized a landmark $4.2 billion, 25-year natural gas supply agreement with China’s GCL Group to power its massive fertiliser expansion in Ethiopia. The deal, signed…
European Markets Struggle as Oil Prices Fluctuate Amid Middle East Tensions
European markets showed little direction on Tuesday as investors grappled with persistent volatility driven by fluctuating oil prices and geopolitical tensions in the Middle East. Major regional indices, including the…
Fuel Price Surge: 129,000MT Petrol, Diesel Vessels Arrive Nigeria Amid Import Controversy
As Nigerians grapple with a sharp petrol price surge, fresh supplies of fuel are arriving the country’s shores. No fewer than 129,000 metric tonnes of Premium Motor Spirit (PMS) and…
Nigeria–UAE Defence Technology Pact to Attract $200m Investment Boost
Nigeria is set to attract up to $200m in fresh investment following a landmark defence technology agreement between local firm Nigus International Investment Limited and UAE-based Elmirate Investment LLC. The…
Nigeria Food Inflation Rises to 12.12% as Soaring Input Costs Hit Households
Nigeria’s food inflation climbed to 12.12 percent in February 2026, marking a sharp return to double-digit levels after briefly dropping to single digits in January. New data from the National…
NGX Market Capitalisation Rises by N923 Billion as YTD Return Hits 27.5%
Bargain hunting in several blue-chip stocks propelled the Nigerian Exchange Limited (NGX) to a week of strong gains, lifting total market capitalisation by N923 billion. At the close of trading…
Nigeria Must Halt Petrol Imports to Protect Forex Reserves, Energy Group Warns
An energy policy group has called on President Bola Ahmed Tinubu to pause newly approved petrol import permits, cautioning that unchecked fuel imports could strain Nigeria’s foreign exchange reserves and…
Tinubu Launches Petroleum Reform Taskforce to Unlock $10 Billion Sector Value
President Bola Ahmed Tinubu has officially inaugurated the Presidential Petroleum Reform and Value Optimisation Taskforce to spearhead the next wave of structural reforms in Nigeria’s petroleum sector. The move signals…
NUPRC Enforces “Drill or Drop” Rule, Boosting Investor Confidence in Nigeria’s 2025 Oil Licensing Round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially ended the era of oil companies holding exploration licences for years without development. Under the Petroleum Industry Act (PIA), operators must…
Fintech Association Backs CBN Banking Reforms to Strengthen Security and Trust
The FinTech Association of Nigeria has voiced strong support for recent banking reforms introduced by the Central Bank of Nigeria (CBN), emphasizing that the measures will improve security, curb fraud,…
Nigeria’s New Tax Reforms to Ease Burden on Workers and Small Businesses
Nigeria’s latest tax reforms are set to bring relief to workers and small businesses, according to Joseph Tegbe, Chairman of the National Tax Policy Implementation Committee (NTPIC). Speaking with the…
Nigerian Exchange Market Capitalisation Hits N127.36 Trillion on Weekly Gains
The Nigerian Exchange market capitalisation soared to N127.36 trillion as the week ended on a strong note, reflecting renewed investor confidence and strategic bargain-hunting. The NGX All-Share Index rose 0.73%,…
BUA Cement Stock Surges 51% in 2026 as Investors Bet on Strong Growth
BUA Cement Plc’s shares have kicked off 2026 on a high note, climbing to N270 from N178.50 at the end of 2025, a 51.3% surge so far this year. Investors…
Nigerian Stocks Surge: NGX All-Share Index Hits Record 198,407 Points
The Nigerian Exchange (NGX) closed the week ended March 13, 2026, on a high note, with the All-Share Index (ASI) jumping 0.73% to reach a record 198,407.30 points. This 1,439.15-point…
MWC26 Barcelona Highlights AI and 5G Innovations for Nigerian Telecoms
Leaders from Nigeria’s telecom sector joined global regulators, operators, and technology innovators at the 2026 Mobile World Congress (MWC26) in Barcelona, exploring how artificial intelligence and 5G networks are reshaping…
INTERPOL Shuts Down 45,000 Malicious IPs in Global Cybercrime Crackdown
An international cybercrime crackdown led by INTERPOL has successfully taken down over 45,000 malicious IP addresses and servers, targeting networks involved in phishing, malware, and ransomware attacks. The operation, called…