Tinubu: CBN Clears Airline Debts to Strengthen Nigeria–UK Aviation Ties and Boost Foreign Investment
President Bola Ahmed Tinubu has said that the Central Bank of Nigeria’s (CBN) move to clear outstanding financial liabilities owed…
Month: April 2026
European Stocks Open Lower as Markets React to Oil Shock; Nokia and L’Oréal Rally on Strong Earnings
European stock markets started Thursday on a weaker note as investors reacted cautiously to rising geopolitical tensions and higher oil…
Nigeria Food Prices Surge Despite N7.65 Trillion Imports and Government Interventions
Food prices in Nigeria continue to climb, even as the Federal Government ramps up spending on interventions and imports. In…
CBN Treasury Bills Auction Sees N894bn Allotment as Investor Demand Surges
The Central Bank of Nigeria (CBN) has allotted a total of N894.17 billion in its Treasury Bills Primary Market Auction…
FAAC Shares N2.03 Trillion as VAT Revenue Declines Again in March
Nigeria’s Federation Account Allocation Committee (FAAC) has disbursed a total of N2.03 trillion among the federal government, state governments, and…
Nigeria-UK Relations to Boost Investment Opportunities, Tinubu Assures British Envoy
President Bola Tinubu has reaffirmed that Nigeria’s relationship with the United Kingdom will continue to unlock fresh investment opportunities, strengthen…
CBN Raises Alarm Over Cyber Hack Attempts Targeting Nigerians’ Bank Accounts
The Central Bank of Nigeria (CBN) has issued a fresh warning to Nigerians over ongoing cyber hack attempts aimed at…
FGN Bond Auction: DMO Offers N700bn Securities at N1,000 Per Unit
The Debt Management Office (DMO) has announced plans to auction N700 billion worth of Federal Government of Nigeria (FGN) bonds,…
CBN Warns Nigerians Over Rising Cybersecurity Scam Messages Impersonating Bank
The Central Bank of Nigeria (CBN) has raised an alarm over a growing wave of fraudulent messages, emails, and online…
Nigeria Tax Reform 2025: Stakeholders Address Key Challenges in New Tax System at CITN Conference
The Chartered Institute of Taxation of Nigeria (CITN) has announced that key stakeholders will converge in Abuja for its 28th…
IMF/World Bank Meetings: Dangote Urges Infrastructure Investment as Key Driver of Africa’s Growth
Africa’s richest industrialist and President of the Dangote Group, Aliko Dangote, has called for increased investment in infrastructure as a…
DisCos Remit N77.99bn in Q4 2025 as Performance Drops to 91.19% – NERC Report
Nigeria’s electricity distribution companies (DisCos) remitted a total of N77.99 billion in the fourth quarter of 2025, representing 91.19% of…
Two Decades of Erha Field: How Nigeria’s Deepwater Giant Built Long-Term Value in Oil Production
Two decades after first oil flowed from the Erha Field in Offshore Nigeria’s OML 133, the project is being highlighted…
Amazon invests $5B in Anthropic as AI firm commits $100B AWS cloud deal
Amazon has deepened its bet on artificial intelligence by injecting an additional $5 billion into AI startup Anthropic, pushing its…
Nigerian Stock Market Gains N87 Billion as Dangote Cement Leads Rally in Equities Trading
The Nigerian stock market recorded a modest but positive performance as investor wealth rose by N87 billion, driven largely by…
Top 10 Nigerian Stockbrokers in Q1 2026 Ranked by Trade Value as NGX Hits N4.17 Trillion Turnover
The Nigerian Exchange (NGX) has released its Q1 2026 broker performance report, ranking the top Nigerian stockbrokers by the value…
NNPC Crude Supply to Dangote Refinery Surges Past 1 Billion Barrels in April 2026
Crude oil supply from the Nigerian National Petroleum Company Limited (NNPC) surged significantly in April 2026, with over 1.03 million…
Skills Gap Threatens Nigeria Oil Sector Growth, Says NUPRC Amid Industry Transition
Nigeria’s oil and gas industry is facing a growing threat that could slow its long-term development—not a shortage of crude…
Execution Gap and Poor Coordination Slow Nigeria’s Fibre Expansion Drive Despite Project BRIDGE Push
Nigeria’s ambitious push to expand its digital infrastructure is facing significant setbacks as stakeholders point to poor coordination, fragmented implementation,…
Poor Infrastructure Continues to Weigh Down Intra-African Trade and Regional Integration
Poor and in some cases completely missing infrastructure continues to hold back intra-African trade and slow down regional integration efforts…
ChatGPT Images 2.0 Shows Major Leap in AI Image Generation With Strong Text Rendering Capabilities
Artificial intelligence image generation has taken a noticeable step forward with the launch of ChatGPT Images 2.0, a new model…
Tinubu Reshuffles Cabinet, Names Taiwo Oyedele as Finance Minister in Major Economic Shift
President Bola Ahmed Tinubu has carried out a significant but described “minor” cabinet reshuffle, removing Wale Edun from his role…
European Stocks Rise as Trump Extends Iran Ceasefire Deadline
European markets opened on a cautiously positive note Wednesday, as investors reacted to fresh geopolitical developments involving the United States…
Dangote Refinery Imposes ₦500,000 Daily Penalty on Trucks to Ease Congestion
Dangote Petroleum Refinery and Petrochemicals has rolled out a strict penalty policy targeting trucks that fail to leave its premises…
African Economies Show Resilience Amid Global Tensions, PMI Data Reveals
Africa’s private sector began 2026 on a stronger note, with most economies showing resilience despite mounting global tensions. According to…
CBN, NCC Partner to Combat SIM-Related Fraud in Nigeria
Nigeria is stepping up efforts to secure its fast-growing digital economy as the Central Bank of Nigeria (CBN) and the…
Lagos Rolls Out Cybersecurity Guidelines to Protect Businesses and Residents
The Lagos State Government has introduced new cybersecurity guidelines designed to improve digital safety for businesses, public institutions, and residents…
Nigeria Needs $759bn Transport Investment as ICRC Pushes PPP Financing Models
Nigeria’s transport sector will require an estimated $759 billion in investment, according to the Director-General of the Infrastructure Concession Regulatory…
Nigeria Expands Mini-Grid Power Market as Regulatory Clashes Raise Investment Concerns
Nigeria’s electricity sector is entering a major structural shift as updated mini-grid regulations broaden the scope of distributed power projects,…
NGX Extends Trading Hours to 4pm as Nigerian Exchange Boosts Market Liquidity and Investor Access
The Nigerian Exchange Limited (NGX) has announced an extension of its trading hours, moving operations to a new schedule of…