2026 fiscal policy eases imports, tightens energy burden
Nigeria’s economy is entering 2026 with a mixed outlook as new fiscal policy measures ease import duties on essential goods,…
Month: April 2026
Nigeria Taxpayer Base Surges to 100 Million Amid Compliance Concerns Over Revenue Impact
Nigeria’s taxpayer register has expanded dramatically from 10 million to 100 million, marking one of the most significant shifts in…
IMF Urges Nigeria, Others to Fast-Track Financial Support as Global Economic Risks Rise
The International Monetary Fund (IMF) has advised Nigeria and other countries facing economic pressure to seek financial support promptly when…
Dangote Refinery Exports 434 Million Litres of Petrol in March as Nigeria Becomes Net Fuel Exporter
Nigeria’s oil sector recorded a major turning point in March 2026 as the Dangote Petroleum Refinery exported about 434 million…
Nigeria Power Crisis Deepens as 9,536MW Installed Capacity Remains Idle Amid Grid Failures
Nigeria’s electricity crisis has deepened after new data from the Nigerian Electricity Regulatory Commission (NERC) revealed that 9,536 megawatts of…
N210 Trillion Audit: Senate Gives NNPCL April 29 Deadline to Explain Unaccounted Funds
The Nigerian Senate has issued a firm deadline to the Nigerian National Petroleum Company Limited (NNPCL), ordering its management to…
AI Integrity at Stake as Advanced Models Reshape Cybersecurity Landscape
As artificial intelligence systems become more advanced, the global cybersecurity landscape is undergoing a major shift. New AI models are…
NectarFi Raises $170,000 Pre-Seed Funding to Solve Crypto Fragmentation Across Emerging Markets
Nigerian digital asset startup NectarFi has secured $170,000 in pre-seed funding as it works to tackle one of the biggest…
OpenAI Upgrades Agents SDK with Sandbox and Harness Tools to Boost Enterprise AI Agent Safety
OpenAI has rolled out a major update to its Agents Software Development Kit (SDK), aiming to help businesses build more…
SEC Sets N7.5bn Minimum Capital for Free Trade Zone Listings in Nigeria’s Capital Market
The Securities and Exchange Commission (SEC) has proposed a new minimum paid-up share capital of N7.5 billion for Free Trade…
Nigerian Crude Oil Hits $113 Per Barrel as Supply Tensions and China Demand Boost Global Prices
Nigerian crude oil has surged sharply on the global market, with Brass River trading at around $113 per barrel, significantly…
Aliko Dangote, Trump, Xi Jinping, Others Named in TIME 100 Most Influential People of 2026
Aliko Dangote has been named among TIME Magazine’s 100 Most Influential People in the World for 2026, reaffirming his status…
Rising Oil Prices: FG Rules Out Fuel Subsidy Return Despite Inflation Pressure
The Federal Government has firmly ruled out any return of petrol subsidy in Nigeria, even as global oil prices continue…
European Stocks Rise as UK GDP Surges and Iran Peace Talks Lift Market Sentiment
European stocks rose modestly on Thursday as investors reacted to stronger-than-expected UK economic growth and growing optimism around diplomatic efforts…
Snapchat to Lay Off 16% Workforce in AI-Driven Restructuring, Targets $500M Cost Savings
Snapchat’s parent company, Snap Inc., has announced plans to lay off about 16% of its global workforce, affecting roughly 1,000…
Naira strengthens to N1,341.99/$, hits two-month high amid improved market sentiment
The naira continued its upward movement on Wednesday, closing at N1,341.99/$ at the official foreign exchange market—its strongest level since…
Nigeria Inflation Rises to 15.38% in March 2026 as Monthly Price Pressures Surge
Nigeria’s inflation rate climbed to 15.38% in March 2026, signaling a fresh wave of price pressures across the economy despite…
Nigeria Inflation Set to Rise as Iran War Drives Fuel and Food Costs Higher
Nigeria’s inflation rate is projected to rise in March 2026, signaling an end to nearly a year of easing price…
Petrol Consumption Drops to 47.3 Million Litres Daily in March 2026, Says NMDPRA
Petrol consumption in Nigeria fell significantly in March 2026, dropping to an average of 47.3 million litres per day from…
Seplat Energy Share Price Crosses N10,000 on NGX, Becomes First Nigerian Stock to Hit Milestone
Seplat Energy Plc has made history on the Nigerian Exchange (NGX), becoming the first listed company to surpass the N10,000…
FAAC Deductions Consume 41% of N84tn Revenue in Three Years, Shrinking Nigeria’s Shared Income
Nigeria’s rising federation revenue has come with a hidden cost. Although total earnings hit about N84tn over the past three…
Nigeria’s silent currency redenomination
Nigeria is undergoing what economists describe as a “silent currency redenomination,” not through official policy, but through inflation and changing…
CBN Proposes Mandatory Mediation Panel for Loan Disputes Before Court Action in Nigeria
The Central Bank of Nigeria (CBN) has introduced a new proposal that could significantly change how lending disputes are handled…
Dangote Refinery Helpful, Importation Still Necessary –PETROAN
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has described the Dangote Refinery as a major positive development…
Nigeria-Morocco $25bn Gas Pipeline Deal Set for Signing as Landmark Africa Energy Project Advances
Nigeria and Morocco are moving closer to sealing a major energy agreement as both countries prepare to sign a $25…
Nigeria Internet Exchange Point Expands with New Lagos PoP at Digital Realty Lekki Data Centre
Nigeria’s digital infrastructure received a major boost as Digital Realty has activated a new Internet Exchange Point (IXPN) presence at…
NNPC Records N15.4 Trillion Revenue Growth in 2025 as Profit Hits N5.76 Trillion Under Ojulari Leadership
The Nigerian National Petroleum Company Limited (NNPC Ltd) has recorded a major financial breakthrough in 2025, posting a year-on-year revenue…
Inflation Risks, Liquidity Spur Mixed Signals in Fixed Income Market
In Nigeria, the fixed income market delivered a mixed performance in March 2026, as investors weighed easing liquidity conditions and…
CSCS Unveils Joint Account Feature to Boost Collaborative Investing in Nigeria
The Central Securities Clearing System has introduced a new set of investor-focused services, headlined by a Joint Account feature aimed…
Ghana Economic Recovery Showcased at IMF Spring Meetings 2026 as Ato Forson Highlights Strong Turnaround
Ghana has placed its economic recovery story on the global stage at the ongoing IMF and World Bank Spring Meetings…