CBN’s New AML Rules Push Banks Toward Automation: Local AI Platform Leads Compliance Drive
The Central Bank of Nigeria (CBN) is accelerating the adoption of automated anti-money laundering (AML) solutions across the country’s financial…
Year: 2026
Google’s Data Center Power Strategy: 2.7 GW of Clean Energy Planned for Michigan
Google is taking a major step toward powering its data centers with clean energy, signaling a clear strategy months in…
Nigeria Secures £746M UK Financing to Modernize Lagos Ports – Boost for Trade and Economy
Nigeria has secured a £746 million financing agreement with the United Kingdom to modernize its key Lagos ports, the Apapa…
Nigerians Struggle with Rising Costs Despite Banks Raising Savings Rates
Several Nigerian banks have increased their savings interest rates following recent changes to the Central Bank of Nigeria’s (CBN) monetary…
CBN Raises N3 Trillion in Two Weeks Through Treasury Bills Amid Fiscal Pressures
The Central Bank of Nigeria (CBN) is set to raise N1.05 trillion in Treasury Bills (NTBs) at an auction on…
European Stocks Rise Ahead of Fed Rate Decision Amid Oil Market Volatility
European stocks opened broadly higher on Wednesday as investors shifted their attention to the U.S. Federal Reserve’s upcoming policy announcement.…
Global Investor Confidence Boosts Nigeria’s Equity Market – Temi Popoola
Nigeria’s equity market is attracting renewed global attention as investor confidence grows, according to Temi Popoola, Group Managing Director and…
Middle East Tensions Disrupt Fuel Supply to Nigeria, Africa Faces Shortage Risk
Escalating tensions in the Middle East are beginning to ripple across global energy markets, with Nigeria and several African nations…
SEC Shuts Down 400 Fraudulent Investment Schemes in Nigeria, Intensifies Investor Protection Efforts
Nigeria’s Securities and Exchange Commission (SEC) has shut down more than 400 fraudulent investment schemes over the past three years,…
Naira Slips to N1,385/$ as Middle East Tensions Shake Global Markets
The Nigerian naira has come under renewed pressure, weakening to N1,385 against the US dollar as escalating tensions in the…
Oil Prices Surge to $100 Amid Strait of Hormuz Tensions as Trump Criticizes NATO Allies
Global oil markets were thrown into fresh uncertainty on Tuesday as crude prices hovered near $100 per barrel, driven by…
Dangote Refinery, Marketers Partner to Strengthen Fuel Supply in Nigeria
Nigeria’s fuel supply outlook received a boost as the Dangote Petroleum Refinery partnered with major marketers to ensure steady nationwide…
FGN Securities Drive Nigeria’s Pension Assets to N28 Trillion Amid 16.7% Growth
Nigeria’s pension industry has seen a remarkable surge in its Net Asset Value (NAV), reaching N28.04 trillion in January 2026,…
Nigeria to Adopt T+1 Settlement Cycle in Capital Market from May 29, 2026
Nigeria’s capital market is set to transition to a T+1 settlement cycle starting May 29, 2026, a move aimed at…
Taiwo Oyedele Pledges Swift Implementation of Nigeria’s Tax Reforms as Minister of State for Finance
Newly appointed Minister of State for Finance, Mr. Taiwo Oyedele, has vowed to ensure Nigeria’s tax reforms move from paper…
NGX All-Share Index Surges Past 200,000 Points as Investor Confidence Soars
Nigeria’s stock market reached a historic milestone on Monday as the NGX All-Share Index (ASI) surged past the 200,000-point mark,…
Nigeria’s $1 Trillion Economy Goal: Oyedele and Uzoka-Anite Commit to Fiscal Discipline and Private Sector Growth
Newly sworn-in ministers of state, Finance, Taiwo Oyedele, and Budget & Economic Planning, Doris Uzoka-Anite, have outlined ambitious plans to…
CBN Waives Affidavit Requirement for Dormant Account Reactivation to Unlock Trapped Funds
The Central Bank of Nigeria (CBN) has announced a significant policy change, waiving the affidavit requirement for reactivating dormant bank…
Transcorp Energy Secures World Bank-Backed Bid to Expand Renewable Power in Abuja
Transcorp Energy Limited has emerged as the successful bidder for key lots in the Federal Capital Territory under the World…
China’s Mass-Democratised AI Agents Ignite Global Tech Debate
China’s technology landscape is experiencing a major shift as mass-democratised AI agents gain popularity among everyday users. Once the domain…
Nvidia Launches NemoClaw: Secure Enterprise AI Agents Built on OpenClaw
Nvidia is taking a bold step into enterprise AI with the launch of NemoClaw, a secure AI agent platform built…
Naira Strengthens to N1,355 per Dollar as Nigeria’s Forex Market Shows Signs of Stability
The Nigerian naira continued its upward trend on Monday, appreciating to N1,355 per U.S. dollar at the official foreign exchange…
GOIL CEO Warns StarOil Night Fuel Discount Could Breach Pricing Rules-Ghana
The Chief Executive Officer and Managing Director of GOIL Ghana, Edward Bawa, has raised concerns over StarOil Ghana’s proposal to…
Nigeria’s Internet Usage Soars 168% in Three Years as Broadband Access Expands
Nigeria has witnessed a dramatic surge in internet usage over the past three years, with total traffic climbing approximately 168%…
Nigeria’s Economic Reforms Boost Capital Growth, Says NGX CEO
Nigeria’s economic reforms are already showing measurable impact on domestic capital formation and global investment potential, the Group Chief Executive…
Nigeria Sees $96bn in Crypto Transactions as SEC Moves to Strengthen Oversight
Nigeria’s digital finance ecosystem has reached a staggering $96 billion in cryptocurrency and other virtual asset transactions, the Director-General of…
AfDB Grants $5.52M to Boost Tax Systems in Nigeria and West Africa
The African Development Bank (AfDB) has approved a $5.52 million grant to strengthen tax systems in Nigeria and several West…
Dangote Secures $4.2B Gas Deal with China’s GCL to Power Ethiopia Fertiliser Megaproject
Dangote Industries Limited (DIL) has finalized a landmark $4.2 billion, 25-year natural gas supply agreement with China’s GCL Group to…
European Markets Struggle as Oil Prices Fluctuate Amid Middle East Tensions
European markets showed little direction on Tuesday as investors grappled with persistent volatility driven by fluctuating oil prices and geopolitical…
Fuel Price Surge: 129,000MT Petrol, Diesel Vessels Arrive Nigeria Amid Import Controversy
As Nigerians grapple with a sharp petrol price surge, fresh supplies of fuel are arriving the country’s shores. No fewer…