Naira Ends Week at N1,417.95/$ as Nigeria’s External Reserves Rally
The naira closed the week on a positive note, trading at N1,417.95 per dollar in Nigeria’s official foreign exchange market,…
Year: 2026
New Tax Laws Set to Boost SMEs’ Growth in Nigeria
Nigeria’s recently enacted tax laws are expected to provide a major boost for small and medium-sized enterprises (SMEs), experts say,…
NGX Market Capitalization Hits N217.7 Trillion Amid Strong Equities and ETF Growth
The Nigerian Exchange (NGX) recorded a remarkable surge in total market capitalization, closing mid-January 2026 at N217.749 trillion. This represents…
European Markets Slide Amid Trump’s Greenland Tariff Threat: Autos and Luxury Stocks Hit Hard
European markets tumbled on Monday as investors reacted to U.S. President Donald Trump’s controversial threat to impose tariffs on several…
Nigerian Stock Market Surges N2.6 Trillion as Positive Momentum Continues in 2026
The Nigerian stock market continued its strong performance in the second week of 2026, adding N2.6 trillion to its total…
SEC’s New Capital Rules Raise Concerns Among Portfolio Managers: Market Recapitalisation in Focus
Nigeria’s Securities and Exchange Commission (SEC) has unveiled its most significant overhaul of capital requirements in a decade, sparking anxiety…
Champion Breweries Raises N42bn to Acquire Bullet Brands, Expands into Energy Drinks Market
Champion Breweries Plc has announced plans to raise N42 billion through a public offer of ordinary shares to fund its…
Elon Musk Demands $134 Billion from OpenAI Ahead of Trial Over $500B Valuation
Elon Musk is turning up the heat on OpenAI, demanding between $79 billion and $134 billion in damages as his…
Dangote Group to Build World’s Largest Single-Site Refinery with $350 Million Expansion
Nigeria’s Dangote Group has taken a major step toward transforming the country into a regional petroleum powerhouse by awarding a…
Nigeria Courts Global Investors at Davos Amid Emerging Market Challenges
Nigeria is stepping onto the global stage at this year’s World Economic Forum in Davos to attract international investors, even…
Nigeria’s US Crude Oil Imports Surge to 42 Million Barrels in 10 Months
Nigeria’s crude oil imports from the United States soared to over 42 million barrels in the first ten months of…
Asia-Pacific Markets Dip as Investors Eye Greenland Tensions and China Economic Data
Asia-Pacific markets mostly slipped on Monday, reflecting investor caution after heightened geopolitical tensions and key economic data from China. The…
Petrol Imports Still Dominate Nigeria’s Fuel Market Despite Rising Domestic Refining in 2025
In 2025, petrol imports continued to dominate Nigeria’s fuel market, accounting for 62.47% of total Premium Motor Spirit (PMS) consumption,…
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 Threats
Global financial markets are bracing for renewed volatility following fresh trade tensions between the United States and Europe, after President…
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 hold 0.1%…
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 jurisdictions for…
Nigeria’s Economic Growth Remains Fragile Without Targeted Poverty Reduction Policies — World Bank
Nigeria’s recent economic recovery remains fragile and may fail to improve living standards unless deliberate policies are introduced to tackle…
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 Securities and…
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 million bpd…
Nigeria Spends N1.7 Trillion on Petrol as Daily Consumption Hits 63.7 Million Litres
Nigeria’s daily petrol consumption surged to a record 63.7 million litres in December 2025, driving total expenditure on Premium Motor…
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 Nigeria’s partnership with the United States on…
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 own…
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 code, is no longer…
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 introduced Value Added Tax…
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 the final…
UCIF Strengthens Governance with New Investment Committee Appointments
The Board of Directors of United Capital Plc has announced the appointment of four distinguished infrastructure investment specialists as independent…
NGX, DEG Drive Net-Zero Transition to Unlock $3 Billion in Climate Funding for Nigerian Corporates
The Nigerian Exchange Group (NGX Group), in partnership with Germany’s development finance institution DEG and Africa Foresight Group, has launched…
SEC Warns Nigerians Against Tunbosayo Okekunle Strategic Alpha Fund Over Suspected Ponzi Scheme
Nigeria’s Securities and Exchange Commission (SEC) has issued a public alert against Tunbosayo Okekunle Strategic Alpha Fund (TOSAF), an online…
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 tax…