Naira Starts 2026 Stronger at ₦1,430/$ Amid Stable FX Market
The naira opened 2026 on a strong note, appreciating to ₦1,430.84 per US dollar at the official window, signaling a…
Author: ayotilewa
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…
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…
Nigeria’s FX Reserves Rise by $4.39bn in One Year on CBN Reforms, Investor Confidence
Nigeria’s external reserves rose by $4.39bn over one year, reflecting a notable turnaround in the country’s foreign exchange position amid…
Financial Tips to Help Young Nigerians Beat Inflation and Rising Living Costs
As inflation continues to erode purchasing power and economic uncertainty deepens, financial planning is no longer optional for young Nigerians.…
Market Flexibility and FX Stability Power Nigeria’s Capital Market Rally in 2025
Nigeria’s capital market entered a defining chapter in 2025, posting one of its most impressive performances in recent history as…
Average Petrol Price Drops to N1,061 in November 2025 – NBS Report
The average retail price of Premium Motor Spirit (PMS), commonly known as petrol, fell to N1,061.35 in November 2025, according…
ChatGPT Launches App Store, Opens Platform to Developers Worldwide
OpenAI has officially opened its ChatGPT platform to app developers, allowing them to submit their programs for review and potential…
Nigeria’s Oil Revenue Falls Short by N16.2tn Despite Higher Production in 2025
Nigeria’s oil revenue fell sharply short of government projections in the first half of 2025, recording a N16.2tn deficit despite…
NGX Rallies as Investors Gain N257bn on Optimism in Key Stocks
The Nigerian Exchange (NGX) kicked off the week on a high note as investors gained N257 billion, driven by renewed…
NNPC Earns N890.8bn in Management Fees and Frontier Funds in 11 Months
The Nigerian National Petroleum Company Limited (NNPC) has earned a total of N890.8 billion from management fees and the Frontier…
Oil Prices Rise After US Intercepts Venezuelan Crude Tanker
Oil prices climbed sharply in early trade yesterday following the US interception of a crude oil tanker near Venezuela in…
Ghana to Operationalise Crypto Law: BoG and SEC Set to Issue Guidelines for Virtual Assets
Ghana is taking a major step toward formalising its cryptocurrency market as the Bank of Ghana (BoG) and the Securities…
FG Leans on Domestic Investors to Bridge Funding Gap: Implications for Nigeria’s Fixed Income Market
The Federal Government (FG) has increasingly relied on domestic investors to fund its borrowing needs, shaping the dynamics of Nigeria’s…
NNPC’s Strategic Reinvention Under Bayo Ojulari Drives Sustainable Growth
Under the leadership of Group Chief Executive Officer Bashir Bayo Ojulari, NNPC Limited is redefining how a national oil corporation…
CBN Reforms Drive Global Investor Confidence in Nigeria’s Economy
Nigeria is stepping boldly onto the global stage, showcasing reforms aimed at winning back long-term investors. At the US–Nigeria Executive…
ChatGPT Mobile App Surpasses $3 Billion in Global Consumer Spending
ChatGPT’s mobile app has reached a major milestone, generating an estimated $3 billion in worldwide consumer spending since its launch…
Dangote Petroleum Launches Hotline to Report Fuel Stations Selling PMS Above N739
Dangote Petroleum Refinery has unveiled a nationwide hotline to empower Nigerians to report filling stations selling Premium Motor Spirit (PMS)…
FIRS Confirms NIN Automatically Serves as Tax ID for Nigerians
The Federal Inland Revenue Service (FIRS) has officially confirmed that the National Identification Number (NIN) issued by the National Identity…
Lawmakers May Suspend January 2026 Tax Reform Over Alleged Gazetted Alterations – Oyedele
Nigeria’s planned January 2026 rollout of new tax reform laws could be suspended, following allegations of alterations in the gazetted…
Naira Depreciation Hits Two-Month Low Amid Liquidity Crunch and Weak Detty December Inflows
The Nigerian naira weakened to a two-month low last week, trading at N1,466.5 to the dollar at the official forex…