NGX Group Q1 2026 Profit Surges 140% to N5.98bn on Strong Trading Activity
The Nigerian Exchange Group Plc delivered an impressive financial performance in the first quarter of 2026, posting a pre-tax profit…
Month: April 2026
Seplat Energy Q1 Profit Jumps to N52.5bn as Company Declares Dollar Dividend
Seplat Energy Plc has kicked off 2026 on a strong note, reporting a post-tax profit of N52.5 billion for the…
NNPC Completes OB3 River Niger Crossing, Unlocks 2bcf/d Gas Capacity
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the successful completion of the River Niger crossing on the…
Nigeria tops Africa on Solana blockchain, attracts $162,000
Nigeria has strengthened its position in the global digital economy, emerging as the leading hub for Solana blockchain activity in…
MTN Nigeria Profit Surges to N355.5bn as Data and Fintech Revenue Drive Strong Q1 Growth
MTN Nigeria Communications Plc has reported a strong start to 2026, more than doubling its profit after tax to N355.5…
Naira Ends Losing Streak as FX Liquidity Improves, Trades at N1,379/$ Amid Narrowing Market Gap
The Nigerian naira staged a mild recovery in the official foreign exchange market on Wednesday, breaking a week-long run of…
Dangote Cement Posts N421.1bn Q1 Profit as Revenue Crosses N1.19 Trillion
Dangote Cement Plc has started 2026 on a strong note, reporting a profit before tax of N421.1 billion in the…
Naira Strengthens Slightly Against Dollar as FX Turnover Surges in Nigerian Foreign Exchange Market
The Nigerian naira recorded a modest gain against the US dollar on Wednesday, supported by a notable rise in foreign…
Africa Positioned at the Heart of Global AI Economy’s Future – ELIN Group CEO
Nigerian business leader and Chief Executive Officer of ELIN Group, Dr. Elizabeth Jack-Rich, has said Africa will play a central…
NGX crosses N150 trillion market cap as equities surge N5.55 trillion in single-day rally
The Nigerian equities market delivered a historic performance on Wednesday as the Nigerian Exchange Group (NGX) crossed the N150 trillion…
NGX Targets Deeper Market Growth as Shareholders Approve N2 Dividend, Bonus Shares
The Nigerian Exchange Limited (NGX) has reaffirmed its ambition to drive deeper capital market growth, strengthen transparency, and attract long-term…
Petrol Nears N1,400/Litre as Dangote Raises Price Amid Global Oil Shock and Middle East Crisis
Petrol prices are edging dangerously close to N1,400 per litre across Nigeria as global oil market tensions push costs higher…
Satya Nadella Says Microsoft Will “Exploit” New OpenAI Deal as AI Partnership Enters New Phase
Microsoft CEO Satya Nadella has expressed strong confidence in the company’s updated partnership with OpenAI, saying the tech giant is…
European Markets Fall as Oil Surges and Investors Brace for ECB and BOE Decisions
European stock markets opened lower on Thursday as investors reacted to a sharp rise in oil prices driven by escalating…
Telecom operators push for new policy as NNBP 2020-2025 fails expectations
Four months after the expiration of Nigeria’s National Broadband Plan (NNBP) 2020–2025, telecom operators are calling for a fresh and…
Brent Crude Surges Past $126 Amid Trump’s Iran Strike Consideration, Raising Global Supply Fears
Global oil markets rallied sharply on Thursday as Brent crude surged past $126 per barrel, driven by rising geopolitical tensions…
Nigeria PMI Falls to 49.4, Signals First Economic Contraction in 16 Months
Nigeria’s economic momentum took a hit in April 2026 as the Purchasing Managers’ Index (PMI) slipped to 49.4, signaling a…
Africa Must Unite to Unlock Global Solid Minerals Market — Dele Alake
Nigeria’s Minister of Solid Minerals Development, Dele Alake, has called for stronger regional cooperation among African countries to unlock the…
Brent Oil Surges Above $123 Amid Reports of Possible U.S. Military Action on Iran
Global oil markets rallied sharply on Thursday, with Brent crude rising above $123 per barrel following reports that the United…
Nigerian Stock Market Surges by N3.2trn as Investors Return, Market Cap Hits N147trn
The Nigerian stock market recorded a strong recovery on Wednesday, gaining N3.204 trillion in market capitalisation as renewed investor confidence…
East Africa Attracts $4.1bn Investment as Reforms Drive Capital Surge Across Kenya, Uganda, Rwanda
East Africa has recorded a major boost in investor confidence, attracting about US$4.1bn in investments between 2021 and 2025. The…
BII Targets £9 Billion Investment Push to Boost Nigeria and African Economies
The British International Investment (BII), the United Kingdom’s development finance institution and impact investor, has announced a new five-year strategy…
Cooking Gas Prices in Nigeria Rise as 5kg Hits N7,655 Amid March 2026 Inflation Pressure
Cooking gas prices in Nigeria recorded another sharp increase in March 2026, placing additional pressure on households already struggling with…
Oil Supply Shock: Strait of Hormuz Closure Triggers Historic Crude Crisis and Global Economic Risk
The global oil market is facing what analysts are calling the most severe supply shock in history, after the prolonged…
AI Reduces Nigeria Media Traffic by 26% as News Consumption Shifts – Report Reveals
Nigeria’s digital media industry has recorded a significant shift, with audience traffic falling sharply by 26.2% in 2025. This development…
UK-Nigeria Tech Hub Launches Creative Fund to Boost Film, Fashion and Music Industries in Nigeria
The UK-Nigeria Tech Hub has officially launched a Creative Fund aimed at strengthening Nigeria’s fast-growing creative sector, particularly in film,…
OpenAI Expands to Amazon Web Services After Ending Microsoft Cloud Exclusivity
OpenAI has officially expanded its reach into Amazon’s cloud ecosystem, making its generative AI models available on Amazon Web Services…
Why Mobile Internet Alone Can’t Power Nigeria’s Digital Future – NCC, Experts Warn
Nigeria’s telecom space is increasingly shifting from familiar consumer frustrations over airtime disputes and service complaints to a deeper structural…
Nigeria records surge in foreign currency tax receipts to N6.33 trillion
Nigeria recorded a significant rise in foreign currency-denominated tax collections in 2025, as total receipts climbed to N6.33 trillion. According…
NUPRC Board Resumes Duties, Pledges Oil Sector Reforms Amid Global Energy Uncertainty
The newly inaugurated board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially resumed duties, pledging to drive key…