$400 Million AI Inference Chip Deal Signals Shift Away from Nvidia-Dominated GPU Market
The artificial intelligence industry may be witnessing the start of a new era as General Compute, an AI inference cloud…
Day: July 17, 2026
CBN HoldCo Capital Buffer May Force Nigerian Banks to Raise N1.7 Trillion, RenCap Warns
Nigeria’s banking sector could be heading for another major capital-raising exercise as Renaissance Capital (RenCap) has warned that the Central…
Tinubu Signs Virtual Assets Executive Order, Launches Council to Strengthen Crypto Regulation in Nigeria
President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, marking a major step toward creating…
Dangote Refinery Emerges Major Winner as US-Iran Conflict Boosts Demand, Wealth Soars
Africa’s richest man, Aliko Dangote, is emerging as one of the biggest beneficiaries of the global energy market disruptions triggered…
Nigeria Crude Oil Production Hits N41.7tn in Six Months as Output Shows Strong Recovery
Nigeria earned an estimated N41.74 trillion from crude oil and condensate production in the first six months of 2026, highlighting…
Dangote Refinery Crude Imports Raise Fresh Doubts Over Nigeria’s Crude-for-Naira Policy
Nigeria’s crude-for-naira initiative has come under renewed scrutiny following revelations that the Dangote Petroleum Refinery imported nearly 39.9 million barrels…
African Leaders Launch Bold Plan to Boost Intra-African Livestock Trade Under AfCFTA
African leaders have unveiled an ambitious strategy to unlock the full potential of the continent’s livestock industry, with a renewed…
Food prices now biggest threat to Nigeria’s inflation, beyond CBN control—Analysts
Nigeria’s battle against inflation is entering a new phase, and experts say food prices are now the biggest concern. Analysts…
Telecom operators endorse NCC framework
Nigeria’s telecommunications industry has thrown its weight behind the Nigerian Communications Commission’s (NCC) proposed Mobile Virtual Network Operator (MVNO) business…
Nigeria Net FX Reserves Surge Over 1,200% as CBN Reforms Boost Investor Confidence
Nigeria’s net foreign exchange (FX) reserves have recorded a remarkable increase of more than 1,200 percent, rising from about $3…
Nigerian Equities Market Loses N32bn as Profit-Taking Halts Bullish Rally
The Nigerian equities market suffered a setback on Thursday as investors lost an estimated N32 billion following widespread selloffs that…
Businesses urged to prepare for AI misinformation before polls
As Nigeria moves closer to the 2027 general election, businesses, investors, and institutions are being urged to strengthen their crisis…
CBN Unveils FX BDC Purchase Tracker to Monitor Bureau De Change Transactions in Real Time
The Central Bank of Nigeria (CBN) has rolled out a new digital monitoring platform known as the FX BDC Purchase…
Fintech raises capital for African expansion
Nigeria’s leading fintech company, Mathesis Analytics, has secured a strategic investment from First Ally Capital, a move set to accelerate…
CBN Launches Digital FX Tracker, Tightens Rules for BDC Dollar Purchases Through Banks
The Central Bank of Nigeria (CBN) has unveiled a new digital platform designed to monitor foreign exchange transactions involving Bureau…
EU asks Google to share search data, Android features with AI rivals
The European Union has intensified its push to promote competition in the technology sector by ordering Google to share key…
BUA Cement Selloff Drags Nigerian Stock Market Lower Despite First HoldCo’s Record-Breaking Rally
The Nigerian stock market closed slightly lower on Thursday as a steep decline in BUA Cement overshadowed impressive gains recorded…