European Markets Slide as Trump’s 15% Global Tariffs Rattle Investors
European markets are set to open lower on Monday as investors react to U.S. President Donald Trump’s announcement of new…
Year: 2026
Tinubu Approves N2.8tn for GenCos, Rejects N6tn Electricity Subsidy Claim
President Bola Tinubu has approved N2.8 trillion as the Federal Government’s verified debt to Nigeria’s power generation companies (GenCos), sharply…
PENGASSAN Urges FG to Sell 51% Stake in NNPCL Refineries to Core Investors
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has renewed its long-standing call for the Federal Government…
FG Commits 5% of GDP to Manufacturing Growth Under Nigeria Industrial Plan
The Federal Government has pledged to channel up to five per cent of Nigeria’s Gross Domestic Product annually into industrial…
Nigerian Equities Market Gains N1.698 Trillion as Investors Flock to Blue-Chip Stocks
The Nigerian equities market maintained its positive streak yesterday, recording a remarkable N1.698 trillion gain as portfolio managers and income-focused…
Treasury Bills Oversubscription Hits 272% as Yields Ease at Nigerian Auction
Investors rushed to the Nigerian Treasury Bills primary market on Wednesday, pushing total subscriptions to a staggering N4.28 trillion against…
Kospi Soars to Record High Amid Chip and Defense Stock Rally
South Korea’s Kospi index surged to a fresh record high for the second consecutive day on Friday, fueled by strong…
Tinubu’s Executive Order to Boost FG, State, and LG Revenues by N15tn: Direct Oil and Gas Remittances
President Bola Tinubu’s latest Executive Order is set to transform Nigeria’s oil and gas revenue system, with federal, state, and…
MPC Weighs Policy Easing as Inflation Declines, Analysts Eye Possible Rate Cut
Nigeria’s Monetary Policy Committee (MPC) is preparing for its February 23–24 meeting amid growing debate over whether to cut the…
CBN Pushes for Safer Digital Cross-Border Payments to Boost Financial Inclusion
The Central Bank of Nigeria (CBN) has emphasized the transformative potential of digital cross-border payments while cautioning that weak regulation…
CNG Stations Rollout Falls Short of 2025 Target Despite $2 Billion Investment
Despite securing over $2 billion in private sector funding since 2023, Nigeria’s Compressed Natural Gas (CNG) infrastructure rollout has fallen…
LG Unveils AI-Powered Smart Home Solutions Across MEA at InnoFest 2026 and Mega HORECA 2026
LG Electronics has taken a major step in redefining modern living with the launch of its AI smart home solutions,…
AI Ventures Accelerator Offers $10,000 to Empower Women-Led African Startups
African women entrepreneurs are being given a golden opportunity to grow their startups with the launch of the AI Ventures…
CBN Warns Digital Payment Growth Could Spark Currency Substitution and FX Volatility
The Central Bank of Nigeria (CBN) has raised alarms over the rapid expansion of digital payments, warning that without careful…
GTCO Leads Rally as Nigerian All-Share Index Tops 193,000 Points
The Nigerian stock market ended the trading session on a high note on February 19, 2026, with the All-Share Index…
PENGASSAN Rejects Tinubu’s Executive Order on Oil Revenues, Warns of Investor Fallout
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised serious objections to President Bola Tinubu’s recent…
Nigeria Eyes 18% Tax-to-GDP Ratio Through Digital Reforms – Finance Minister Edun
Nigeria is aiming to raise its tax-to-GDP ratio to 18 percent in the medium term, thanks to a series of…
FMDQ Exchange Records N676.7 Trillion Turnover in 2025, Signals Strong Market Growth
Nigeria’s fixed income and foreign exchange market achieved a landmark turnover of N676.71 trillion on the FMDQ Exchange in 2025,…
Nigeria’s Borrowing Costs Fall as Treasury Bills and FGN Bonds Rally on Strong Investor Demand
Nigeria’s borrowing costs eased across its fixed-income market on Thursday, February 19, 2026, as yields on Treasury Bills (NTBs), Open…
Nvidia Expands India AI Startup Partnerships to Capture Early-Stage Growth
Nvidia is intensifying its push into India’s rapidly growing artificial intelligence ecosystem, moving earlier than ever to engage with startups…
US Capital Inflows to Nigeria Jump 566% to $2.23bn Despite Trade Tensions
Investors from the United States injected $2.23bn into Nigeria’s economy in the first nine months of 2025, marking a dramatic…
Naira Hits Two-Year High at N1,347/$ as FX Liquidity Improves
The naira has surged to its strongest level in nearly two years, trading at N1,347.78/$ in the official market, according…
Investors Gain N1.7tn as Banking and Industrial Stocks Rally on Nigerian Exchange
Investors gained N1.7 trillion at the close of trading on Thursday as renewed buying interest in banking and industrial stocks…
Net Zero in Oil & Gas: Industry Leaders Outline Practical Strategies at DECARBON 2026
Oil and gas industry leaders have emphasized that achieving net zero in oil and gas operations requires more than ambition…
Nigerian Stock Market Loses N577bn as Investors Take Profits – NGX ASI Dips 0.47%
The Nigerian stock market yesterday experienced a significant pullback, halting its 11-day winning streak as investors engaged in profit-taking. Market…
Dawes Island Field Success Signals Growing Confidence in Nigerian Indigenous Oil Firms
Petralon Energy has received high praise from Shell Western Supply and Trading for successfully developing the Dawes Island Field, a…
CNG Stations Rollout Falls Short of 2025 Target Despite $2B Investment in Nigeria
Despite securing more than $2 billion in private sector investments over the past two years, Nigeria’s ambitious Compressed Natural Gas…
Elon Musk’s xAI Secures $3 Billion from Saudi Firm Humain, Strengthening AI and SpaceX Ties
Elon Musk’s artificial intelligence venture, xAI, has secured a staggering $3 billion investment from Saudi Arabian AI company Humain. This…
European Stocks Slip as Airbus and Renault Earnings Shake Markets
European markets opened lower on Thursday as investors closely analyzed earnings reports from major companies including Airbus, Renault, and Nestle.…
Nigeria’s Business Travel FX Spending Surges 366% to $672M Amid Growing Global Engagement
Nigeria has witnessed a remarkable surge in foreign exchange (FX) spending for business travel, with expenditures reaching $672.27 million in…