Asia-Pacific Markets Dip as Investors Eye Greenland Tensions and China Economic…
Asia-Pacific markets mostly slipped on Monday, reflecting investor caution after heightened geopolitical tensions…
Yearly Archives
2026
Petrol Imports Still Dominate Nigeria’s Fuel Market Despite Rising Domestic…
In 2025, petrol imports continued to dominate Nigeria’s fuel market, accounting for 62.47% of total Premium Motor…
Conference explores role of cash in digital-first economy
The Committee of Heads of Bank Operations (CHBO) in Nigeria is set to host its annual conference on Friday, 23…
Global Markets Face Volatility as US–Europe Trade Tensions Resurface Over Tariff…
Global financial markets are bracing for renewed volatility following fresh trade tensions between the United…
SEC Revises AUM Capital Requirement to 0.1% After Industry Pushback
The Securities and Exchange Commission (SEC) has clarified that fund and portfolio managers will now be required to…
EU removes Nigeria, five African countries from high-risk financial list
The European Union (EU) has officially removed Nigeria and five other African countries from its list of high-risk…
Nigeria’s Economic Growth Remains Fragile Without Targeted Poverty Reduction…
Nigeria’s recent economic recovery remains fragile and may fail to improve living standards unless deliberate…
Nigeria’s Capital Market at Risk of Overregulation
Nigeria is entering a phase of overregulation that risks undermining the capital market it seeks to strengthen. The…
Nigeria’s Crude Oil Production Drops to 1.42 Million BPD in December 2025
Nigeria’s crude oil production slipped to 1.422 million barrels per day (bpd) in December 2025, down from 1.436…
Nigeria Spends N1.7 Trillion on Petrol as Daily Consumption Hits 63.7 Million…
Nigeria’s daily petrol consumption surged to a record 63.7 million litres in December 2025, driving total…
NITDA and U.S. Strengthen Partnership on Data Privacy, AI, and Cybersecurity
The National Information Technology Development Agency (NITDA) has reaffirmed its commitment to strengthening…
OpenAI Backs Sam Altman’s Merge Labs to Pioneer Brain-Computer Interfaces
OpenAI has made a bold move by investing in Merge Labs, the brain-computer interface (BCI) startup founded by its…
Vibe Coding in Nigeria: How Cencori Is Making AI-Generated Apps Safer
Vibe coding, a method where software is generated from simple natural language prompts instead of hand-written…
NRS Clarifies: No New VAT on Banking Services Under Nigeria Tax Act
The Nigeria Revenue Service (NRS) has dismissed circulating reports suggesting that the new Nigeria Tax Act…
LIRS Sets January 31 Deadline for 2025 Tax Returns: Employers Urged to File Early
The Lagos State Internal Revenue Service (LIRS) has reminded employers across the state that January 31, 2026, is…
UCIF Strengthens Governance with New Investment Committee Appointments
The Board of Directors of United Capital Plc has announced the appointment of four distinguished infrastructure…
NGX, DEG Drive Net-Zero Transition to Unlock $3 Billion in Climate Funding for…
The Nigerian Exchange Group (NGX Group), in partnership with Germany’s development finance institution DEG and…
SEC Warns Nigerians Against Tunbosayo Okekunle Strategic Alpha Fund Over Suspected…
Nigeria’s Securities and Exchange Commission (SEC) has issued a public alert against Tunbosayo Okekunle Strategic…
NRS: VAT on bank charges NOT introduced by new tax laws
The Nigeria Revenue Service (NRS) says value-added tax (VAT) on bank services charges was not introduced by the new…
FG Explains N152 Trillion Public Debt, Says Rise Not Due to New Borrowing
The Federal Government has clarified that Nigeria’s public debt, which now stands at N152 trillion, is largely due…
Nestle Stock Gains 10% as Nigerian All-Share Index Pauses Nine-Day Rally
The Nigerian stock market paused its recent bullish momentum on January 15, 2026, as the All-Share Index (ASI) fell…
BREAKING: SEC raises capital requirements for brokers, fund managers, digital…
Nigeria’s Securities and Exchange Commission (SEC) has unveiled a major overhaul of capital requirements for…
Nigeria Imports 1.3 Billion Litres of Petrol Despite Growing Local Refining
Nigeria imported approximately 1.31 billion litres of petrol in December 2025, even as local refining capacity…
20 Nigerian Banks Meet Recapitalisation Deadline as CBN Pushes for Productive…
About 20 deposit money banks in Nigeria have met the Central Bank of Nigeria’s (CBN) new capital requirements under…
US Market Rally Set to Broaden Beyond Tech as Investors Rotate Into New Sectors
The long-running US stock market rally, powered largely by technology giants, may be entering a new phase as…
Nigeria–China Crude Oil Trade Poised for Growth as Venezuela Supplies Slump
Nigeria’s crude oil trade with China is expected to expand following a sharp decline in Venezuela’s oil exports to…
Nigeria’s Inflation Rises to 15.15% in December 2025 as Food Prices Ease
Nigeria’s headline inflation rate climbed to 15.15 per cent in December 2025, according to the latest Consumer…
Dangote Refinery Ensures Fuel Price Stability as Expansion Plan Targets 1.4…
Dangote Refinery has hit a major milestone, producing 50 million litres of Premium Motor Spirit (PMS) daily,…
SEC Joins Forces with Nigeria Police to Tackle Ponzi Schemes and Crypto Fraud
In a decisive move to protect Nigerian investors, the Securities and Exchange Commission (SEC) has officially…
UBA Share Listing: NGX Confirms 3.16 Billion New Shares Following Rights Issue
The Nigerian Exchange Regulation (NGX RegCo) has officially confirmed the listing of 3.16 billion additional…