Nigerian Stock Market Loses N170bn as Investors Trigger Mid-Cap Selloff Amid Profit-Taking
The Nigerian equities market ended trading on a weak note on Thursday, wiping off about N170 billion in investor wealth…
Year: 2026
SEC Raises Alarm Over Rising Fake Online Investment Platforms Targeting Nigerians (Ponzi Scheme Warning)
The Securities and Exchange Commission (SEC) has issued a strong warning to Nigerians over the growing spread of unregistered online…
Iran wants BRICS to condemn US, Washington boosts UN aid, Kenya fuel prices surge and other stories
Global tensions intensified at a recent BRICS+ summit in New Delhi as Iran called on member states to condemn the…
Naira Climbs to N1,853/£ as UK Political Crisis Weakens Pound Sterling
The Nigerian Naira has posted a noticeable rebound in the foreign exchange market, strengthening to around N1,853 per British pound,…
Nigerian Stock Market Losses as Investors Lose N170bn Amid Bearish Pressure
The Nigerian stock market ended trading on a negative note as investors collectively lost about N170 billion following sustained bearish…
NNPC Urged to Revive Refineries Amid Controversy Over Dangote Refinery Stake Expansion
The Nigerian National Petroleum Company Limited (NNPC) has come under fresh criticism from industry stakeholders over its reported interest in…
NCC, Judiciary Strengthen Digital Safety and Telecom Infrastructure Protection in Nigeria
The Nigerian Communications Commission (NCC) and the National Judicial Institute (NJI) have stepped up efforts to strengthen Nigeria’s digital safety…
Nigeria, Germany Sign €365m Development Deal to Boost Energy, Agriculture and Investment Growth
Nigeria and Germany have entered into a major €365 million development and investment partnership aimed at accelerating economic growth, expanding…
SpaceXAI Talent Exodus Deepens as Over 50 Engineers Quit After Musk Merger
Elon Musk’s newly formed AI powerhouse, SpaceXAI, is reportedly experiencing a significant wave of staff departures just months after its…
Tier-1 Nigerian Banks Surge to N114 Trillion Deposits as Lending Slows Amid Tight Monetary Policy
Nigeria’s biggest banks ended 2025 with a powerful surge in customer deposits, even as lending activity slowed under tight monetary…
OMO sales hit N5.63 trillion in two weeks as 126-day bill draws oversubscription
Nigeria’s fixed income market saw a surge of investor activity as the Central Bank of Nigeria (CBN) recorded a staggering…
Heirs Holdings Subsidiaries Ranked Among Africa’s Fastest-Growing Companies by Financial Times
Heirs Holdings has strengthened its reputation as one of Africa’s leading investment groups after three of its subsidiaries earned spots…
Nigeria Set to Attract $20bn Foreign Investments in 2026 — Tinubu Declares at Africa CEO Forum
President Bola Tinubu has projected that Nigeria could attract nearly $20 billion in foreign direct investments (FDI) in 2026, signaling…
PenCom Gives PFAs Green Light to Invest in Dangote Refinery IPO Ahead of Historic Listing
Nigeria’s pension industry is set for a major investment shift after the National Pension Commission (PenCom) approved a special waiver…
Tinubu Targets Massive Investment in Power, Mining Sectors at Africa CEO Forum — Oyedele
Nigeria’s push to attract fresh foreign investment took centre stage at the ongoing Africa CEO Forum in Kigali, Rwanda, as…
OPEC+ Moves to Restore 1.65 Million bpd Oil Cuts by September Amid Middle East Tensions
Key members of OPEC+ are pushing ahead with plans to gradually increase oil production quotas over the next few months,…
Dangote Refinery Set for Africa’s Biggest IPO With POS, Fintech Platforms for Retail Investors
Africa’s largest refinery, the Dangote Refinery, is preparing to revolutionize retail investing in Nigeria as it plans to deploy Point-of-Sale…
Zambia Slashes Interest Rate to 13.25% as Inflation Cools Amid Global Uncertainty
Zambia Continues Easing Cycle with Third Rate Cut Zambia’s central bank has lowered its benchmark interest rate to 13.25% from…
FX Inflows Hit $112.27bn as Autonomous Dollar Sources Dominate Nigeria’s FX Market in 2025
Nigeria’s foreign exchange market underwent a major structural shift in 2025, as total FX inflows climbed to $112.27 billion, with…
Google transforms Android into AI-powered ‘Intelligent System’ with Gemini features
Google has unveiled a major transformation of its Android operating system, introducing a new wave of artificial intelligence-powered features designed…
SEC Pushes Data and AI-Driven “Intelligent Investing” to Transform Nigeria’s Capital Market
The Securities and Exchange Commission (SEC) says Nigeria’s capital market is entering a new phase where data, artificial intelligence (AI),…
Nigeria Inflation Set to Rise Again as FMDA Projects 16.42% April Rate Amid Food and Energy Pressures
Nigeria’s inflation outlook is once again turning upward, as the Financial Market Dealers Association (FMDA) projects that headline inflation will…
Global Trade Uncertainty: World Bank Says Ghana Can Turn Risks Into Opportunities Under AfCFTA
Rising uncertainty in global trade and the increasing fragmentation of supply chains may be creating risks for many developing economies,…
Telcos Pour N2.5 Trillion into Network Expansion as NCC Battles Rising Service Complaints in Nigeria
Nigeria’s telecommunications industry recorded massive infrastructure spending in 2025, with operators investing over N2.5 trillion to upgrade and expand network…
AI Adoption in Nigeria Drives Productivity Growth as 93% of Firms Embrace Smart Technology
Artificial intelligence is quickly becoming a major driver of business growth in Nigeria, as companies shift from experimenting with the…
Nigeria Debt Servicing to Hit $11.6bn in 2026, Tinubu Warns of Economic Strain on Growth
President Bola Ahmed Tinubu has revealed that Nigeria is projected to spend a staggering $11.6 billion on debt servicing in…
Telcos Promise Better Network Quality in Nigeria as ATCON Pledges Service Improvements Before Year-End
Telecommunications companies in Nigeria have pledged that users will experience better call quality, stronger network coverage, and improved internet services…
First HoldCo Drives NGX Activity as All-Share Index Crosses 252,500 Level
The Nigerian Exchange (NGX) closed Wednesday, 13 May 2026, on a mildly positive note as the All-Share Index climbed 0.04%…
Nigeria, Rwanda Strengthen Bilateral Relations
Nigeria and Rwanda have agreed to strengthen their bilateral relations as both countries move to deepen cooperation in trade, diplomacy,…
Asia Markets Mixed as Trump–Xi Talks and Iran Tensions Shake Investor Sentiment
Asia-Pacific stock markets traded mixed on Wednesday as investors reacted to rising geopolitical tensions, fresh U.S. inflation concerns, and anticipation…