Oil Shock Exposes Nigeria’s Import Trap as Local Tech Manufacturing Gains Urgency
Nigeria is once again feeling the ripple effects of global instability after crude oil prices surged above $100 per barrel…
Day: April 10, 2026
FG Extends Project BRIDGE Research Cluster Deadline to April 27 to Boost Nigeria’s Digital Economy
The Federal Government has extended the deadline for applications into the National Digital Economy Research Clusters under Project BRIDGE to…
Iran War: Zinox Urges Local Tech Manufacturing to Shield Nigeria From Global Shocks
Nigeria’s growing exposure to global economic shocks has come into sharp focus amid the ongoing tensions involving Iran, the United…
Dollar Falters as US–Iran Ceasefire Uncertainty Rattles Global Markets
The US dollar struggled to regain stability on Thursday as global investors reacted cautiously to uncertainty surrounding the fragile ceasefire…
First Atlantic Bank, SIC Insurance Lead Gains as Ghana Stock Exchange Records Mixed Trading Session
The Ghana Stock Exchange (GSE) ended Thursday’s trading session on a mixed note, as gains in banking and insurance stocks…
Ghana to Cut Fuel Taxes and Levies to Ease Rising Pump Prices Amid Global Energy Crisis
Ghana has announced a major policy shift aimed at easing pressure on consumers, as the government moves to remove several…
Fuel Price Hike in Nigeria: TUC Proposes Crude Subsidy for Local Refineries to Ease Costs
The Trade Union Congress (TUC) of Nigeria has called on the federal government to intervene in the rising cost of…
NNPC Pushes AI Adoption, Targets $34bn Investment Pipeline to Cut Oil Production Costs
The Nigerian National Petroleum Company Limited (NNPC Ltd) has revealed a major push toward artificial intelligence (AI) and digital transformation…
Naira Strengthens to N1,365 per Dollar as Global Dollar Weakness Drives Market Gains
The naira appreciated to ₦1,365 per dollar on Thursday, extending gains as the U.S. dollar weakened across global markets. The…
GTCO, Aradel Lead Value Trades as NGX All-Share Index Breaks 203,000 Milestone
The Nigerian equities market extended its bullish run on April 9, 2026, as the All-Share Index climbed 0.28% to close…
NGX Banking Stocks Drive 0.28% Market Growth as Investors Rally in Late Trading
The Nigerian equities market ended Thursday’s trading session on a positive note, as a late surge in banking stocks pushed…
PIA reforms drive over $10bn upstream oil investment in Nigeria – NUPRC
The implementation of the Petroleum Industry Act (PIA) and sweeping regulatory reforms have triggered a major boost in Nigeria’s energy…
Africa’s internet freedom lags global leaders, study shows
Africa’s internet freedom continues to trail behind global leaders, according to a new report by Cloudwards that assessed digital rights…
CBN Warns Banks Against Excessive Risk-Taking After Recapitalisation Drive
The Central Bank of Nigeria (CBN) has cautioned commercial banks against engaging in excessive risk-taking following the conclusion of the…
Naira vs Pound Stability at N1,862 Signals Market Calm in Nigeria FX Market
The Nigerian naira showed relative stability against the British pound sterling, closing at N1,862/£1 in the official foreign exchange market…
Nigeria Poverty Rate Hits 63% in 2025 Despite Inflation Slowdown – World Bank Report Raises Economic Concerns
Nigeria’s poverty rate climbed to 63% in 2025, even as inflation showed signs of easing, according to a new World…
BREAKING: NAICOM rolls out Mandatory Policyholders’ Protection Fund, tightens insurance compliance
The National Insurance Commission (NAICOM) has issued sweeping new guidelines mandating all insurers and reinsurers to contribute to the Insurance…
OpenAI Launches $100 ChatGPT Pro Plan to Compete with Rivals
OpenAI has introduced a new $100 per month ChatGPT Pro plan, responding to long-standing demand from power users who need…
Nigeria’s Tax Overhaul Tightens Profit Rules for Insurers, Reshapes Industry Landscape
Nigeria’s insurance industry is entering a new phase of stricter regulation as recent tax reforms redefine how companies calculate profits,…
IMF Warns of Rising Risks as $4 Trillion Nonbank Capital Flows Reshape Emerging Markets
Emerging-market economies are undergoing a major financial shift as companies and governments increasingly rely on nonbank capital flows to fund…