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Author: ayotilewa

Tinubu’s Economic Reforms Laying Foundation for Nigeria’s Long-Term Growth, Says Information Minister
EconomyLocalPolitics

Tinubu’s Economic Reforms Laying Foundation for Nigeria’s Long-Term Growth, Says Information Minister

Nigeria’s Minister of Information and National Orientation, Mohammed Idris, has expressed confidence that President Bola Tinubu’s economic reforms are positioning…

byayotilewaJuly 22, 2026
China’s Oil Buying Strategy Could Be the Biggest Driver of Global Crude Prices in 2026
BusinessEnergyInternational

China’s Oil Buying Strategy Could Be the Biggest Driver of Global Crude Prices in 2026

China’s next move in the oil market is rapidly becoming one of the most closely watched factors shaping global energy…

byayotilewaJuly 22, 2026
IMF Says AI Could Boost Sub-Saharan Africa’s Economy by 4% in the Next Decade
InternationalTechnology

IMF Says AI Could Boost Sub-Saharan Africa’s Economy by 4% in the Next Decade

Artificial intelligence could become a major driver of economic growth across Sub-Saharan Africa, with the International Monetary Fund (IMF) estimating…

byayotilewaJuly 22, 2026
AI-Powered Entertainment Apps Are Merging Into One Digital Hub for Everything
InternationalTechnology

AI-Powered Entertainment Apps Are Merging Into One Digital Hub for Everything

The race for entertainment dominance is entering a new phase as major platforms like Netflix, Spotify, YouTube, and TikTok increasingly…

byayotilewaJuly 22, 2026
FG Moves to Harmonise Digital Regulations, Raising Hopes for Nigeria’s Economic Growth
LocalTechnology

FG Moves to Harmonise Digital Regulations, Raising Hopes for Nigeria’s Economic Growth

Nigeria’s digital economy may be on the verge of a major transformation as the Federal Government takes steps to streamline…

byayotilewaJuly 22, 2026
IMF Warns Africa Could Miss AI Economic Boom Without Major Investments in Power and Internet
InternationalTechnology

IMF Warns Africa Could Miss AI Economic Boom Without Major Investments in Power and Internet

Africa could miss out on the transformative economic benefits of artificial intelligence unless governments urgently address long-standing challenges in electricity…

byayotilewaJuly 22, 2026
Nigeria’s Oil Revenue Surges as Higher Crude Prices and Pipeline Security Boost Economic Outlook
BusinessEconomyLocal

Nigeria’s Oil Revenue Surges as Higher Crude Prices and Pipeline Security Boost Economic Outlook

Nigeria is poised to benefit from a fresh wave of oil-driven revenue growth as global crude prices continue to climb…

byayotilewaJuly 22, 2026
Industrial Stocks Pull NGX Lower Despite Banking Rally and Easing Inflation
BusinessEconomyLocal

Industrial Stocks Pull NGX Lower Despite Banking Rally and Easing Inflation

Nigeria’s stock market ended the week on a cautious note as losses in industrial stocks overshadowed a strong rally in…

byayotilewaJuly 22, 2026
OpenAI AI Models Breach Hugging Face During Cybersecurity Test, Raising New AI Safety Concerns
InternationalTechnology

OpenAI AI Models Breach Hugging Face During Cybersecurity Test, Raising New AI Safety Concerns

The artificial intelligence industry has been shaken by a surprising security incident after OpenAI confirmed that some of its advanced…

byayotilewaJuly 22, 2026
External reserves cross $52 billion, surpass CBN’s 2026 forecast
BusinessEconomyFinanceLocal

External reserves cross $52 billion, surpass CBN’s 2026 forecast

Nigeria’s external reserves have crossed the $52 billion mark for the first time in more than 17 years, surpassing the…

byayotilewaJuly 22, 2026
Investors shun 13 out of 50 oil blocks. NUPRC Plans fresh bid
BusinessLocal

Investors shun 13 out of 50 oil blocks. NUPRC Plans fresh bid

Nigeria’s oil and gas sector recorded a mixed outcome in the 2025 Licensing Round as investors declined to bid for…

byayotilewaJuly 22, 2026
FG Launches N729bn Power Sector Bond to Clear GenCo Debts and Boost Electricity Reforms
BusinessEconomyEnergyLocal

FG Launches N729bn Power Sector Bond to Clear GenCo Debts and Boost Electricity Reforms

The Federal Government has unveiled a N729 billion Series 2 Power Sector Bond aimed at settling outstanding debts owed to…

byayotilewaJuly 22, 2026
CBN Governor Cardoso Warns Global Economic Shocks May Delay Nigeria’s Single-Digit Inflation Goal
BusinessEconomyLocal

CBN Governor Cardoso Warns Global Economic Shocks May Delay Nigeria’s Single-Digit Inflation Goal

Nigeria’s journey toward achieving single-digit inflation may take longer than expected as persistent global economic shocks continue to put pressure…

byayotilewaJuly 22, 2026
NDLEA Declares Alleged Drug Kingpin Wanted, Freezes N9.8bn Linked to Meth Syndicate
Local

NDLEA Declares Alleged Drug Kingpin Wanted, Freezes N9.8bn Linked to Meth Syndicate

The National Drug Law Enforcement Agency (NDLEA) has intensified its crackdown on drug trafficking networks by declaring an alleged drug…

byayotilewaJuly 22, 2026
First HoldCo Becomes Nigeria’s Most Valuable Bank, Overtakes Zenith in NGX Market Capitalisation Race
BankingBusinessFinance

First HoldCo Becomes Nigeria’s Most Valuable Bank, Overtakes Zenith in NGX Market Capitalisation Race

First HoldCo has emerged as Nigeria’s most valuable bank on the Nigerian Exchange (NGX), overtaking long-time market leader Zenith Bank…

byayotilewaJuly 22, 2026
NGX Emerges Africa’s Second-Best Stock Market as Investors Drive 47.4% Surge in First Half of 2026
BusinessEconomyInternationalinvestment

NGX Emerges Africa’s Second-Best Stock Market as Investors Drive 47.4% Surge in First Half of 2026

The Nigerian Exchange (NGX) has cemented its position as one of Africa’s strongest-performing equity markets, delivering an impressive 47.43% return…

byayotilewaJuly 21, 2026
FG Bond Auction Draws Massive Demand as Investors Subscribe ₦1.74tn in July
BusinessEconomyLocal

FG Bond Auction Draws Massive Demand as Investors Subscribe ₦1.74tn in July

Investor confidence in Federal Government securities remained strong in July as the Debt Management Office (DMO) recorded an impressive ₦1.74tn…

byayotilewaJuly 21, 2026
FG returns 13 oil blocks to licensing basket
BusinessEnergyLocal

FG returns 13 oil blocks to licensing basket

The Federal Government has announced that 13 of the 50 oil and gas blocks offered under the 2025 Licensing Round…

byayotilewaJuly 21, 2026
Breaking: CBN retains interest rate at 26.5%
BreakingBusinessLocal

Breaking: CBN retains interest rate at 26.5%

The Central Bank of Nigeria (CBN) has once again maintained the Monetary Policy Rate (MPR) at 26.5 percent, signaling a…

byayotilewaJuly 21, 2026
States get N2.37 trillion VAT in six months under new sharing formula
EconomyLocal

States get N2.37 trillion VAT in six months under new sharing formula

State governments across Nigeria received a combined N2.37 trillion in Value Added Tax (VAT) allocations during the first half of…

byayotilewaJuly 21, 2026
African Finance Leaders Push Insurance Reforms to Strengthen Economic Resilience Across Africa
BusinessFinanceInternational

African Finance Leaders Push Insurance Reforms to Strengthen Economic Resilience Across Africa

African finance ministers, insurance regulators and development finance leaders have called for sweeping reforms in the continent’s insurance and reinsurance…

byayotilewaJuly 21, 2026
FG rejects reports of N80tn fresh public borrowing
BusinessEconomyLocal

FG rejects reports of N80tn fresh public borrowing

The Federal Government has dismissed claims that President Bola Tinubu’s administration borrowed an additional N80 trillion since assuming office, describing…

byayotilewaJuly 21, 2026
Inflation above 30% in 19 states, FCT despite national easing
LocalMacroeconomic

Inflation above 30% in 19 states, FCT despite national easing

Despite a slight decline in Nigeria’s headline inflation rate, millions of Nigerians across the country continue to grapple with rising…

byayotilewaJuly 21, 2026
Stock Futures Rise as Strong Corporate Earnings Offset Iran War Concerns
BusinessInternationalStock

Stock Futures Rise as Strong Corporate Earnings Offset Iran War Concerns

Wall Street showed renewed optimism on Tuesday as stock futures moved higher, with investors turning their attention from ongoing geopolitical…

byayotilewaJuly 21, 2026
Shareholders Push for Strict 20% Free Float Rule to Boost NGX Liquidity and Investor Confidence
BusinessLocalMarket

Shareholders Push for Strict 20% Free Float Rule to Boost NGX Liquidity and Investor Confidence

Nigeria’s capital market stakeholders are calling for stricter enforcement of the 20% free float rule, arguing that stronger compliance is…

byayotilewaJuly 21, 2026
Treasury Yields Hold Steady as Middle East Tensions Keep Investors on Edge
BusinessInternationalMarket

Treasury Yields Hold Steady as Middle East Tensions Keep Investors on Edge

U.S. Treasury yields traded mostly lower on Tuesday as investors carefully weighed growing geopolitical tensions in the Middle East against…

byayotilewaJuly 21, 2026
Nigeria’s Petrol Imports Surge 207% as Local Supply Drops Despite Dangote Refinery Output
BusinessEconomyEnergyLocal

Nigeria’s Petrol Imports Surge 207% as Local Supply Drops Despite Dangote Refinery Output

Nigeria’s petrol imports recorded a dramatic increase of 207 percent in June, highlighting the country’s continued reliance on imported fuel…

byayotilewaJuly 21, 2026
FG to Issue N729bn Bond to Clear GenCos’ Debt, Boost Power Sector Stability
BusinessEnergyFinanceInternational

FG to Issue N729bn Bond to Clear GenCos’ Debt, Boost Power Sector Stability

The Federal Government has announced plans to issue a second bond worth approximately N729 billion to settle verified legacy debts…

byayotilewaJuly 21, 2026
NNPC Defends Naira-for-Crude Deal as Dangote Refinery Raises Alarm Over Supply Shortfall
BusinessEnergyLocal

NNPC Defends Naira-for-Crude Deal as Dangote Refinery Raises Alarm Over Supply Shortfall

A fresh dispute has emerged between the Nigerian National Petroleum Company Limited (NNPC) and the Dangote Petroleum Refinery over the…

byayotilewaJuly 21, 2026
143 Companies Compete for 50 Oil Blocks as Nigeria Enters Crucial Licensing Round
BusinessEnergyLocal

143 Companies Compete for 50 Oil Blocks as Nigeria Enters Crucial Licensing Round

Nigeria’s quest to attract fresh investment into its oil and gas sector reaches a critical stage today as 143 companies…

byayotilewaJuly 21, 2026

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