Nigeria Suspends 15% Fuel Import Duty: Marketers Applaud, Experts Warn of Long-Term Risks
The Federal Government’s decision to suspend the 15% import duty on petrol and diesel has sparked a mix of praise…
Author: ayotilewa
Nigeria’s Inflation Expected to Ease Further in October 2025, Analysts Forecast 16.20%–17.76%
Nigeria’s headline inflation is set to fall for the seventh consecutive month in October 2025, with projections ranging between 16.20%…
Trump Buys $82 Million in Bonds Amid Scrutiny Over Investment Portfolio
U.S. President Donald Trump has significantly expanded his investment in bonds, acquiring over $82 million in corporate and municipal debt…
Nigeria’s U.S. Crude Imports Surge 101% in 2025 Amid Local Refinery Shortfalls
Nigeria’s crude oil imports from the United States skyrocketed in the first eight months of 2025, rising 101% compared to…
Nigeria Exits FATF Grey List: Naira Soars as Foreign Reserves Cross $43 Billion
Nigeria’s financial markets have celebrated a major milestone as the country exits the Financial Action Task Force (FATF) grey list,…
SEC and FMBN Partner to Address Nigeria’s Housing Deficit with Non-Interest Mortgages
The Securities and Exchange Commission (SEC) and the Federal Mortgage Bank of Nigeria (FMBN) have launched a strategic partnership to…
COPEC Urges Government to Create Petroleum Reserve Fund to Stabilize Fuel Prices- Ghana
The Chamber of Petroleum Consumers, Ghana (COPEC), has appealed to the government to establish a special petroleum reserve fund aimed…
European Markets Poised for Weak Start as Investors Brace for Economic Uncertainty
European markets look set to begin the new trading week on a downbeat note, with early data pointing to a…
FCMB Group Moves to Expand Share Capital as Capital-Raising Drive Intensifies
FCMB Group Plc has announced plans to seek shareholder approval to increase its share capital, marking another major step in…
Nearly $3bn spent on Eurobond debt servicing under Tinubu
Nigeria has spent almost $3bn servicing Eurobond debt across eight quarters of President Bola Tinubu’s administration, highlighting the mounting cost…
Dangote Refinery Denies Viral Claim Linking It to Bike-Based Fuel Delivery Service
The Dangote Petroleum Refinery has refuted a viral video claiming it partnered with a company to distribute petrol through motorcycle…
Ghana’s 2026 Budget Prioritizes Industrialisation as Engine for Economic Growth
Ghana’s 2026 budget has positioned industrialisation at the center of the country’s economic recovery, signalling a bold shift toward a…
How Cursor Is Redefining the Playbook for Building a Generational Tech Company
Cursor, the AI coding startup often described as a “decacorn in the making,” is redefining what it means to build…
Exowatt’s “Rocks in a Box” Could Revolutionize AI Data Center Power
AI data centers consume massive amounts of electricity, driving startups like Exowatt to seek innovative solutions. Hannan Happi, co-founder and…
AI Bubble Concerns Grow as Tech CEOs Warn of ‘Vibe Revenue’ and Overheated Valuations
Top technology executives are sounding fresh alarms about AI bubble concerns, noting that valuations in the artificial intelligence sector are…
FG Suspends 15% Fuel Import Duty as Government Assures Nigerians of Nationwide Supply Stability
The Federal Government has suspended the proposed 15 percent ad-valorem import duty on petrol and diesel, a policy that had…
Nigeria Doubles Crude Supply to Local Refineries, Hits 40,000bpd in 2025 — NMDPRA
Nigeria’s domestic refining capacity received a major boost in 2025, as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)…
Nigeria’s Private Sector Records 11-Month Expansion as PMI Rises to 55.4
Nigeria’s private sector continued its impressive run of growth in October, marking the 11th straight month of expansion as business…
Digital Lending Compliance Deadline Set for January 5, 2026 – FCCPC Cracks Down on Non-Compliant Lenders
The Federal Competition and Consumer Protection Commission (FCCPC) has announced January 5, 2026, as the official deadline for all digital…
FG Cracks Down on Loan Defaulters as Tamrose Fully Repays $10M NCI Fund
Tamrose Limited, an indigenous Nigerian marine logistics and offshore support company, has successfully repaid its $10 million Nigerian Content Intervention…
Tax Incentives to Boost Nigeria’s Manufacturing Growth to 3.1% in 2026 — MAN
Nigeria’s manufacturing sector is set to record a projected 3.1 per cent growth in 2026, up from the 1.6 per…
European Stocks Slide as AI Valuations and UK Tax Reversal Shake Markets
European stocks tumbled on Friday, rattled by concerns over inflated artificial intelligence (AI) valuations and broader global economic uncertainty. The…
Nigerian Stock Market Rises 1.08% as Brewers and FUGAZ Stocks Lead Gains
The Nigerian stock market rebounded on Thursday, November 13, 2025, with the All-Share Index (ASI) posting a 1.08% gain. The…
National Assembly to Discuss Capital Gains Tax Hike Amid N2 Trillion Market Loss
The National Assembly is set to engage the federal government over the controversial proposed increase in Capital Gains Tax (CGT)…
Nigeria’s Economic Reforms Fuel IHS Towers’ Strong Q3 Performance, Lifting 2025 Outlook
IHS Towers, the largest independent operator of shared communications infrastructure in Africa, has delivered strong third-quarter results, largely fueled by…
Naira Strengthens as Nigeria’s External Reserves Hit Six-Year High of $43.42 Billion
Nigeria’s naira gained modestly against the U.S. dollar in the official foreign exchange market on Thursday, buoyed by a surge…
Nigeria’s Currency Reforms Drive Surge in Foreign Investment
Nigeria’s bold currency reforms are paying off, sparking renewed interest from foreign investors after years of economic uncertainty. The Central…
Insecurity and Power Supply Top Nigerian Business Challenges in October – CBN Survey
Insecurity and erratic power supply have emerged as the leading challenges for Nigerian businesses in October 2025, according to the…
Nigeria Faces Looming Food Crisis in 2026 as Farmers Threaten to Quit Agriculture
Nigeria may be on the brink of a major food crisis in 2026, as farmers across the North-Central and North-West…
PenCom targets 80m informal workers with micro-pension plan
The National Pension Commission (PenCom) is intensifying efforts to bring Nigeria’s massive informal workforce—estimated at 70 to 80 million people—into…