NNPC Debt Crisis: Subsidiary Obligations Surge to ₦30.3 Trillion Amid Financial Pressures
The Nigerian National Petroleum Company Limited (NNPC) is grappling with significant financial strain as debts owed by its subsidiaries and…
Year: 2026
India Orders Elon Musk’s X to Fix Grok AI After Obscene Content Complaints
India has directed Elon Musk’s social media platform X to implement urgent changes to its AI chatbot, Grok, following complaints…
Dangote Refinery Pumps 43 Million Litres, Denies Petrol Shutdown Amid Price Hike Fears
Officials of the Dangote Petroleum Refinery have dismissed claims that the facility shut down its petrol processing unit, confirming that…
30% Capital Gains Tax May Trigger Investor Flight, Double Taxation Fears in Nigeria’s Capital Market
Nigeria’s proposed 30 per cent Capital Gains Tax (CGT) on capital market transactions above ₦150 million has sparked widespread concern…
NNPC Reports N502bn Profit, Cuts Petrol Below N800 Amid Market Price War
The Nigerian National Petroleum Company Limited (NNPC) posted a profit after tax of N502 billion in November 2025, maintaining its…
Bank Recapitalisation to Boost Nigerian Capital Market in 2026, Says CBN
The Central Bank of Nigeria (CBN) has projected a bullish outlook for the Nigerian capital market in 2026, citing ongoing…
Nigeria’s Manufacturing Sector Set to Grow 3.1% in 2026, Driving 10.2% of GDP
After a challenging 2025 marked by consecutive quarterly declines of up to 1.25% in real growth, Nigeria’s manufacturing sector is…
OpenAI Leads Silicon Valley’s Audio Revolution: The Future of AI Is Screenless
OpenAI is making a major push into audio AI, signaling a shift in how people will interact with technology. According…
Tax reforms spark tension as shipping lines plan hikes
Tension is building within Nigeria’s maritime sector following the implementation of sweeping tax reforms that took effect on Thursday, January…
Naira Records First Annual Gain in 13 Years as CBN FX Reforms Drive 6.5% Appreciation in 2025
Nigeria’s naira closed 2025 on a rare positive note, posting its first annual appreciation in more than a decade as…
2025 Economic Gains Fail to Ease Manufacturers’ Pain as Costs, Policies Bite
Despite the Federal Government’s optimism over economic “gains” recorded in 2025—most notably easing inflation and improved foreign exchange stability—Nigeria’s manufacturers…