Telecom Infrastructure Theft in Nigeria Surges as 656 Generators, Batteries Stolen in 2025
Telecom infrastructure theft in Nigeria is rapidly escalating, creating serious concerns for network reliability and millions of mobile users. Fresh…
Month: April 2026
Canva Expands AI and Marketing Automation with Simtheory and Ortto Acquisitions
Canva is accelerating its push into artificial intelligence and marketing technology with the acquisition of Simtheory and Ortto, two startups…
Petrol Price Drop Expected in Nigeria as Global Oil Prices Crash 15%
Nigerian motorists may finally get some relief at the pumps as global crude oil prices recorded a sharp decline, raising…
FTSE Frontier Market Upgrade Sparks Rally in Seplat, GTCO, Zenith on NGX
Nigeria’s stock market is experiencing a strong resurgence as renewed global investor confidence drives a rally in major equities, including…
Africa Prudential Revenue Surges 38% to N7.19bn Amid Digital Transformation Drive
Africa Prudential Plc has posted a remarkable 38.35% growth in revenue for the financial year ending December 31, 2025, reaching…
April 2026 FGN Savings Bonds Announced with Interest Rates up to 14.08% for Retail Investors
The Debt Management Office (DMO), acting on behalf of the Federal Government of Nigeria, has announced the April 2026 issuance…
Nigerian Stock Market Gains N209bn as Trading Week Kicks Off
The Nigerian equities market started the new trading week on a strong note, recording a gain of N209 billion in…
FG Raises N3.53 Trillion From Bond Auctions in Q1 2026 Amid Strong Investor Demand
The Federal Government of Nigeria (FGN) successfully raised approximately N3.53 trillion from domestic bond auctions in the first quarter of…
Oil Shock to Drive Nigeria Inflation Up by 3.1 Points, Warns World Bank
Nigeria faces a rising inflation threat as global oil prices surge, the World Bank has warned. In its latest Nigeria…
Nigeria Reduces Oil Dependence as Tax Revenue Soars to 87% of Federation Earnings
Nigeria is undergoing a major fiscal transformation as tax revenues now account for an unprecedented 87% of total federation earnings,…
Africa Must Fast-Track Renewable Energy as Global Capacity Hits Record
Global renewable energy capacity reached an all-time high in 2025, surging to 5,149 gigawatts (GW) with the addition of 692…
Anthropic Unveils Mythos AI Model for Cybersecurity in Project Glasswing Initiative
Anthropic has unveiled a preview of its most advanced AI model yet, Mythos, designed to bolster cybersecurity defenses across the…
Nigeria Flags Rising Exposure Amid $20.9 Billion Global Cybercrime Surge
Nigeria has been identified as one of the countries most exposed to global cybercrime, ranking 12th among foreign nations reporting…
Naira Drops to N1,389/$ as Nigeria’s External Reserves Fall by $850 Million
Nigeria’s Naira weakened to N1,389 per dollar, reflecting growing pressure on the local currency as the country’s external reserves fell…
Dangote Refinery Hikes Petrol to N1,275, Diesel Hits N1,950 Amid Global Oil Volatility
Nigeria’s Dangote Petroleum Refinery has raised the gantry price of petrol and diesel, with petrol now costing N1,275 per litre…
Nigerian Oil Prices Drop Below $95 as US-Iran Ceasefire Opens Strait of Hormuz
Nigerian oil prices tumbled below $95 per barrel on Wednesday following news that Iran agreed to a temporary ceasefire with…
NNPC Launches Cawthorne Crude Exports with 950,000-Barrel Maiden Shipment
The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially begun exporting its latest crude grade, Cawthorne, with an initial…
Iranian Hackers Escalate Cyberattacks on U.S. Critical Infrastructure
Iran-backed hackers are increasingly targeting American critical infrastructure, U.S. agencies warn, in what experts say is a concerning escalation of…
Nigeria Revenue Deductions Swallow 39% of 2025 Inflows, World Bank Warns
Nigeria’s revenue growth in 2025 is impressive on paper, but the World Bank has highlighted a growing fiscal leak that…
Ghana’s Economic Recovery Shows Promise but Risks Remain, S&P Maintains Stable Outlook
Ghana’s economy is showing signs of recovery, according to a recent report by S&P Global Ratings, which affirmed the country’s…
European Stocks Surge 4% on U.S.-Iran Ceasefire Deal as Travel Shares Jump
European markets rallied strongly on Wednesday, with stocks surging nearly 4% after news of a conditional ceasefire agreement between the…
Nigeria Pension Assets Hit Record Growth of N1.39 Trillion in February
Nigeria’s pension assets recorded a historic surge in February 2026, rising by N1.39 trillion to reach N29.43 trillion, the highest…
World Bank Urges Nigeria to Resume Petrol Imports Amid Rising Fuel Prices
Nigeria may need to reopen its doors to petrol imports as rising global energy costs and supply constraints continue to…
Nigeria Regains Frontier Market Status, Boosting Investor Confidence and Stock Market Outlook
Nigeria has officially regained its Frontier Market status, marking a significant turnaround for the country’s capital market and restoring global…
Google Launches Offline AI Dictation App “AI Edge Eloquent” for iOS
Google has quietly entered the AI-powered transcription space with its new offline-first dictation app, Google AI Edge Eloquent, now available…
OpenAI Alums Launch $100M Zero Shot Fund to Back Next-Gen AI Startups
OpenAI veterans have quietly entered the venture capital scene with a new fund, Zero Shot, aiming to raise $100 million…
Nigeria Excluded from OPEC+ Crude Oil Production Hike Amid Global Market Adjustments
Nigeria has once again been excluded from the latest crude oil production increase by the Organisation of Petroleum Exporting Countries…
GenCos Question N3.3tn Power Sector Debt Settlement Amid Delayed Payments
The Federal Government’s renewed approval of N3.3tn to settle long-standing power sector debts has ignited fresh controversy, with power generation…
Nigeria Achieves Fiscal Milestone: Non-Oil Revenue Now 75% of Federation Funds
Nigeria has marked a historic turning point in its economic landscape, as non-oil revenue now accounts for 75 per cent…
Nigeria’s Power Sector Gets N3.3 Trillion Lifeline as Eight GenCos Sign Debt Bailout
Eight of Nigeria’s major power generation companies, including Transcorp Power, Egbin Power, and Geregu Power Plc, have signed onto President…