Naira Strengthens to N1,348 Per Dollar Amid US–Iran Tensions and FX Market Pressure
The Nigerian naira continued its steady recovery on Monday, strengthening to N1,348 per US dollar in the official market amid…
Month: April 2026
Lagos Unveils Cybersecurity Guidelines as Nigeria Loses $500 Million Annually to Cybercrime
The Lagos State Government has introduced a new set of cybersecurity guidelines aimed at strengthening digital safety across businesses, public…
CBN Says Economic Reforms Shield Nigeria From Severe Global Shock Impact
The Central Bank of Nigeria (CBN) has stated that its recent economic reforms have played a key role in shielding…
Petrol Price Drop in Nigeria Uncertain as Strait of Hormuz Crisis Deepens
Hopes for a significant petrol price drop in Nigeria have faded following renewed tensions in the Strait of Hormuz, a…
NGX Activates Rights Trading for Insurance Firms to Boost Capital Base
The Nigerian Exchange (NGX) has activated trading codes for the rights issues of Guinea Insurance Plc, Lasaco Assurance Plc, and…
European Markets Slide as Gulf Tensions Threaten Ceasefire Stability
European markets began the week on a cautious note, slipping into negative territory as renewed tensions in the Gulf region…
NGX Weekly Report: N195bn Shares Traded as Market Capitalisation Hits N139trn
Nigeria’s stock market recorded a strong week of activity as the Nigerian Exchange Limited (NGX) announced that traders exchanged shares…
AI-Driven Cybercrime Losses Surge Past $893 Million in 2025 – FBI Report Warns of Rising Global Threat
The Federal Bureau of Investigation (FBI) has revealed that cybercrime powered by artificial intelligence (AI) led to losses exceeding $893…
Nigeria Targets $100bn Annual Infrastructure Spend, Deepens PPP Drive to Close Funding Gap
Nigeria is ramping up efforts to address its massive infrastructure deficit by targeting about $100 billion in annual spending, as…
Nigeria Targets $2.3 Trillion Infrastructure Investment Gap with PPP Push
Nigeria is ramping up efforts to close its massive infrastructure deficit, estimated at $2.3 trillion between 2020 and 2043, according…
Nigeria Revenue Service to Launch Rev360 Platform to Transform Tax Administration
The Nigeria Revenue Service (NRS) has announced plans to launch its next-generation revenue administration platform, Rev360, in a move aimed…
Oil Prices Climb as US-Iran Talks Boost Market Sentiment Amid Supply Concerns
Crude oil prices edged higher on Thursday, with West Texas Intermediate (WTI) trading close to $92 per barrel and Brent…
Antioch Raises $8.5M to Build “Cursor for Physical AI” as Robotics Simulation Race Heats Up
Antioch, a New York-based startup positioning itself as a “Cursor for physical AI,” is betting that the next big leap…
European Stocks Trade Mixed as Iran Conflict and Energy Pressures Weigh on Sentiment
European stocks ended Friday’s session in mixed territory as investors remained cautious amid ongoing geopolitical tensions linked to the Iran…
CBN Mops Up N4.48 Trillion in Aggressive Liquidity Tightening to Stabilise Nigeria’s Financial System
The Central Bank of Nigeria (CBN) has stepped up its liquidity management drive, mopping up a total of N4.48 trillion…
Guinness Nigeria Returns to Profit, Declares N2 Dividend as Investors Welcome Strong Turnaround
Guinness Nigeria Plc has made a strong comeback to profitability, marking a major milestone in its recovery journey with the…
NGX Market Capitalisation Surges by N1.66tn as Bullish Momentum Drives Nigerian Stock Market Rally
The Nigerian Exchange (NGX) recorded a strong upswing in market performance as bullish sentiment continued to dominate trading activities, lifting…
Afreximbank profit rises to $1.15bn as assets hit N56.7trn in 2025 financial results
The African Export-Import Bank (Afreximbank) has reported strong financial results for the 2025 fiscal year, posting solid growth in profitability…
Nigerian Breweries Stock Rally Hits 135% as Recovery Plan Restores Investor Confidence
Nigerian Breweries Plc says its sharp share price rally is a clear sign that investors are regaining confidence in the…
Over 20 Million People at Risk of Food Insecurity in Sub-Saharan Africa Amid Rising Global Food Prices – IMF Warns
The International Monetary Fund (IMF) has raised alarm over worsening food security in Sub-Saharan Africa, warning that more than 20…
OpenAI Codex Upgrade: AI Coding Tool Gains Desktop Control to Challenge Anthropic
OpenAI has stepped up its competition with Anthropic by rolling out a major upgrade to its AI coding assistant, Codex.…
AfDB Approves $200m Loan for Nigeria Fibre Expansion Project to Boost Broadband, Jobs and Digital Economy
The African Development Bank (AfDB) Group has approved a $200 million loan to support Nigeria’s ambitious Digital Value Chain Infrastructure…
NNPCL Faces ₦210 Trillion Audit Query as Nigerian Senate Demands Full Accountability
The Nigerian Senate has intensified its oversight of the Nigerian National Petroleum Company Limited (NNPCL), demanding full accountability over an…
IEA Warns Europe Could Run Out of Jet Fuel in Six Weeks as Middle East Conflict Threatens Global Energy Supply
The International Energy Agency (IEA) has raised alarm that Europe may have as little as six weeks of jet fuel…
Oando JV Begins Gas Supply to 60MW Yenagoa Power Plant, Boosting Bayelsa Electricity Access
Oando Plc has announced that its joint venture with NNPC E&P Limited has officially begun gas delivery to a newly…
Nigeria Not Seeking IMF Loan — Wale Edun Dismisses Borrowing Speculation
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has firmly stated that the country is not…
Dangote Warns of Foreign Interests Hindering Africa’s Growth
Aliko Dangote, founder and president of the Dangote Group, has raised concerns that foreign interests are actively working against Africa’s…
Asia Markets Slip as Middle East Ceasefire Uncertainty Weighs on Investor Confidence
Asia-Pacific markets mostly closed lower on Friday, as cautious optimism surrounding a fragile Middle East ceasefire failed to fully reassure…
GSE Market Cap Hits GH¢256bn as MTN Ghana Drives Trading Surge with 1.3 Million Shares
The Ghana Stock Exchange (GSE) extended its bullish run for a third straight session on Wednesday, pushing total market capitalisation…
N1.8tn Contractor Debt Payments in Nigeria: Reps Signal Imminent Release of Funds
There are strong indications that contractors owed by the Federal Government for capital projects may soon begin receiving payments, as…