Insurance Recapitalisation: Nigeria’s Insurance Sector Undergoes Major Shake-Up Ahead of 2026 Deadline
Nigeria’s insurance industry is undergoing one of its most significant transformations in years as the 2026 recapitalisation deadline set by…
Day: April 13, 2026
Global Stocks Rise as Oil Prices Dip After US-Iran Ceasefire Talks Ease Market Fears
Global financial markets ended the week on a mixed but cautiously optimistic note, as stocks rose across major indices while…
Nigeria Fuel Prices, Inflation Rise as Oil Nears $100+ Amid Strait of Hormuz Crisis
Nigeria’s economy is once again under pressure as global crude oil prices edge toward the $100-per-barrel mark following escalating geopolitical…
Nigerian Stock Market Gains N1.36 Trillion as Equities Rally Continues on Banking and Consumer Stocks
The Nigerian equities market extended its bullish run last week, delivering a strong performance that lifted investors’ wealth by N1.36…
Ellah Lakes Grows Revenue to N146.7bn in 17 Months as Agribusiness Expansion Gains Momentum
Ellah Lakes Plc has reported a sharp rise in performance, growing its total revenue to N146.7 billion over a 17-month…
CBN Tightens Oversight of Digital Finance Platforms as Nigeria Expands Virtual Asset Regulation
The Central Bank of Nigeria (CBN) has stepped up efforts to regulate the fast-growing digital finance sector, introducing stronger oversight…
FG at final stage of 2026-2030 development plan
The Federal Government has reached the final stage of preparations for the Medium-Term National Development Plan (MTNDP 2026–2030), a key…
Cash Outside Banks Falls to N5.20 Trillion in February 2026 as Nigeria’s Liquidity Cycle Stabilizes
Nigeria’s cash held outside the banking system declined slightly in February 2026, falling by 0.058% to N5.20 trillion, as liquidity…
Electricity Generation Rises to 4,300MW as FG Credits Gas Supply Boost and Sector Reforms
The Federal Government has announced an improvement in Nigeria’s electricity generation, which increased from 3,951 megawatts to 4,300 megawatts between…
NUPRC Unveils Digital Reforms to Boost Oil Production and Attract Investment in Nigeria
Nigeria’s upstream oil and gas sector is set for a major transformation as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)…
AI Glossary Explained: Key Terms Like LLMs, Hallucinations, AGI, and Neural Networks Made Simple
Artificial intelligence can feel overwhelming, especially with researchers and tech companies using complex terms to describe how it works. From…
Expert Calls for Ethical Digital Finance Leadership to Strengthen Fraud Prevention in Banking Sector
A fraud prevention and compliance expert, Blessing Umoh, has called for stronger ethical leadership and improved compliance systems in the…
Nigeria’s External Reserves to Fall to $47bn by 2026, Fitch Warns Amid Economic Pressures
Fitch Ratings has projected that Nigeria’s external reserves will decline to around $47 billion by the end of 2026, despite…
IMF to Cut Global Growth Outlook as U.S.-Iran Conflict Triggers Economic Uncertainty
The International Monetary Fund (IMF) is preparing to revise down its global economic growth forecast, warning that escalating tensions between…
World Bank Fuel Import Recommendation Sparks Backlash in Nigeria as Expert Cites PIA Violation
An energy economist, Ken Ife, has strongly criticised the World Bank’s recommendation that Nigeria should deepen fuel imports and further…
Crude Oil Prices Jump 7% After U.S. Navy Strait of Hormuz Blockade Order Sparks Global Energy Shock
Global crude oil prices surged sharply on Monday, April 13, rising by more than 7% after the United States announced…
Asia Markets Fall as Oil Surges Above $100 on U.S. Iran Port Blockade Fears
Asian markets opened the week on a weaker note as investors reacted to escalating geopolitical tensions in the Middle East,…
European Markets Fall as Middle East Tensions Spike, Travel Stocks Hit Hard
European markets began the week on a cautious note, slipping into negative territory as investors reacted to renewed geopolitical tensions…
Federal Government Cuts Palm Oil Import Tariffs by 17% to Ease Food Prices
The Federal Government of Nigeria has reduced import tariffs on crude palm oil by 17 per cent, a move aimed…
FTSE Upgrade Drives N1.36 Trillion Stock Market Surge in Nigeria
Nigeria’s equities market witnessed a dramatic surge, adding N1.36 trillion in just 72 hours after FTSE Russell upgraded the country…