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Author: ayotilewa

Nigeria Hits 185.7 Million Active Subscribers as Telcos Begin Compensation for Poor Network Services
LocalTechnology

Nigeria Hits 185.7 Million Active Subscribers as Telcos Begin Compensation for Poor Network Services

Nigeria’s telecommunications sector has recorded another milestone, with active mobile subscriptions rising to 185.7 million in March 2026. This increase,…

byayotilewaMay 5, 2026
Tier-1 Banks Drive N286tn Mobile Transactions as Fintech Advantage Narrows in Nigeria’s Digital Payments Shift
BankingBusinessLocal

Tier-1 Banks Drive N286tn Mobile Transactions as Fintech Advantage Narrows in Nigeria’s Digital Payments Shift

Nigeria’s leading commercial banks have recorded a massive surge in digital activity, processing a combined N286.19 trillion in mobile banking…

byayotilewaMay 5, 2026
Global Oil & Digital Shake-Up: UAE Exit from OPEC, Showmax Shutdown and Key Business Updates to Watch
BusinessEconomyEnergyLocal

Global Oil & Digital Shake-Up: UAE Exit from OPEC, Showmax Shutdown and Key Business Updates to Watch

This week’s global business landscape is shaping up with major developments across energy, media, and economic policy. From oil market…

byayotilewaMay 5, 2026
Naira Appreciates to N1,367/$ in Early May 2026 Trading as FX Market Stability Improves
BusinessEconomyLocal

Naira Appreciates to N1,367/$ in Early May 2026 Trading as FX Market Stability Improves

The Nigerian naira opened the first trading session of May 2026 on a stronger note, appreciating to N1,367.5 per dollar…

byayotilewaMay 5, 2026
European Stocks Mixed as Iran War Tensions Weigh on Market Sentiment
BusinessInternationalStock

European Stocks Mixed as Iran War Tensions Weigh on Market Sentiment

European stocks opened mixed on Tuesday as investors reacted cautiously to rising geopolitical tensions linked to the Iran conflict, which…

byayotilewaMay 5, 2026
SWOOT Market Cap Surges to N142.79 Trillion, Commands 91.71% of NGX in April 2026 Rally
BusinessLocalStock

SWOOT Market Cap Surges to N142.79 Trillion, Commands 91.71% of NGX in April 2026 Rally

Nigeria’s equities market extended its bullish momentum in April 2026, with Stocks Worth Over One Trillion (SWOOT) strengthening their grip…

byayotilewaMay 5, 2026
Seplat Energy Targets Production Boost as Yoho Platform Restart Nears Completion
BusinessEnergyLocal

Seplat Energy Targets Production Boost as Yoho Platform Restart Nears Completion

Seplat Energy Plc is preparing for a major production increase in 2026 as it moves closer to restarting its Yoho…

byayotilewaMay 5, 2026
NERC Shifts Electricity Complaints to State Regulators in 15 States
BusinessEnergyLocal

NERC Shifts Electricity Complaints to State Regulators in 15 States

Nigeria’s power sector is entering a new phase as the Nigerian Electricity Regulatory Commission (NERC) has asked electricity consumers in…

byayotilewaMay 5, 2026
MTN Nigeria Faces N140bn Margin Threat as Diesel Hits N2,000/L, Accelerates Shift to Gas
BusinessEnergyLocalTechnology

MTN Nigeria Faces N140bn Margin Threat as Diesel Hits N2,000/L, Accelerates Shift to Gas

MTN Nigeria is facing mounting financial pressure as soaring diesel prices, now hovering around N2,000 per litre, threaten to erase…

byayotilewaMay 5, 2026
Global Asset Freeze Hits Nigerian Oil Trader Over $40m Debt Dispute
BusinessEnergyLocal

Global Asset Freeze Hits Nigerian Oil Trader Over $40m Debt Dispute

An English High Court has imposed a sweeping global asset freeze on Nigerian oil trader Abdulrahman Musa Bashar after he…

byayotilewaMay 5, 2026
NGX Brokers Drive Record Market Rally as 10 Firms Dominate N949.9bn April Trades
BusinessLocal

NGX Brokers Drive Record Market Rally as 10 Firms Dominate N949.9bn April Trades

Ten stockbroking firms dominated trading activity on the Nigerian Exchange (NGX) in April 2026, executing a combined N949.899 billion in…

byayotilewaMay 4, 2026
South Korean Stocks Hit Fresh Record After Historic Rally as Global Markets React to Middle East Tensions
InternationalinvestmentStock

South Korean Stocks Hit Fresh Record After Historic Rally as Global Markets React to Middle East Tensions

South Korean stocks surged to a fresh all-time high on Monday, extending a powerful momentum that followed their strongest monthly…

byayotilewaMay 4, 2026
East Africa Investment Inflows Hit $4.1bn as Reforms Boost Capital Growth Across Region
BusinessInternationalinvestment

East Africa Investment Inflows Hit $4.1bn as Reforms Boost Capital Growth Across Region

East Africa has recorded a significant surge in foreign and domestic investment, pulling in about $4.1 billion between 2021 and…

byayotilewaMay 4, 2026
Foreign Borrowing Rises as 32 Nigerian States and FCT Add Nearly $1 Billion in New External Debt
BusinessEconomyInternational

Foreign Borrowing Rises as 32 Nigerian States and FCT Add Nearly $1 Billion in New External Debt

Nigeria’s subnational governments increased their reliance on foreign borrowing in 2025, as 32 states and the Federal Capital Territory (FCT)…

byayotilewaMay 4, 2026
Cardoso Urges Bank Directors to Strengthen Risk Management and Corporate Governance After Recapitalisation
BankingBusinessLocal

Cardoso Urges Bank Directors to Strengthen Risk Management and Corporate Governance After Recapitalisation

Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, has called on bank directors and corporate leaders to…

byayotilewaMay 4, 2026
Nigeria Oil Revenue Windfall: BMI Projects N6.8 Trillion Gain as GDP Growth Hits 4.4% in 2026
EnergyLocalMacroeconomic

Nigeria Oil Revenue Windfall: BMI Projects N6.8 Trillion Gain as GDP Growth Hits 4.4% in 2026

Nigeria is expected to record a significant boost in oil earnings in 2026, with new projections suggesting an additional N6.8…

byayotilewaMay 4, 2026
Big Oil Returns to Canada as Energy Crunch Reshapes Global Supply Chains
EnergyInternationalinvestment

Big Oil Returns to Canada as Energy Crunch Reshapes Global Supply Chains

After nearly a decade of divestment, major oil companies are once again turning their attention to Canada’s oil and gas…

byayotilewaMay 4, 2026
Best AI Dictation Apps in 2026: Ranked Tools for Faster, Smarter Voice-to-Text Writing
InternationalTechnology

Best AI Dictation Apps in 2026: Ranked Tools for Faster, Smarter Voice-to-Text Writing

AI dictation tools have rapidly evolved from clunky voice-to-text systems into smart writing assistants powered by large language models. In…

byayotilewaMay 4, 2026
Nigeria to Gain FX Windfall as Crude Oil Surges Above $105 Amid Global Tensions
EnergyLocalMacroeconomic

Nigeria to Gain FX Windfall as Crude Oil Surges Above $105 Amid Global Tensions

Nigeria is on track to record stronger foreign exchange inflows as global crude oil prices climb above $105 per barrel,…

byayotilewaMay 4, 2026
NGX Market Cap Hits N155.9tn as Investors Gain N2.68tn Amid Industrial Stock Rally
investmentLocalStock

NGX Market Cap Hits N155.9tn as Investors Gain N2.68tn Amid Industrial Stock Rally

The Nigerian Exchange (NGX) closed April 2026 on a historic high, with market capitalisation surging to N155.9tn as investors collectively…

byayotilewaMay 4, 2026
Nigeria Pushes for Fairness in Global Net-Zero Shipping Drive at IMO Talks
BusinessInternationalTrade

Nigeria Pushes for Fairness in Global Net-Zero Shipping Drive at IMO Talks

Nigeria has urged the international maritime community to ensure fairness and equity as the global shipping industry moves toward net-zero…

byayotilewaMay 4, 2026
CBN to Raise N700 Billion via Treasury Bills Auction in May 2026 Amid Strong Investor Demand
BusinessEconomyLocal

CBN to Raise N700 Billion via Treasury Bills Auction in May 2026 Amid Strong Investor Demand

The Central Bank of Nigeria (CBN) has announced plans to raise N700 billion through its Nigerian Treasury Bills (NTBs) auction…

byayotilewaMay 4, 2026
OPEC+ Approves 188,000 bpd Oil Production Increase Amid UAE Exit and Market Uncertainty
BusinessEnergyInternational

OPEC+ Approves 188,000 bpd Oil Production Increase Amid UAE Exit and Market Uncertainty

OPEC+ has agreed to increase oil production by 188,000 barrels per day (bpd) starting in June, even as the United…

byayotilewaMay 4, 2026
Nigeria’s Dollar GDP Rises 22% to $307bn in 2025 Amid Naira Gains and Economic Recovery
BusinessLocalMacroeconomic

Nigeria’s Dollar GDP Rises 22% to $307bn in 2025 Amid Naira Gains and Economic Recovery

Nigeria’s economy recorded a significant milestone in 2025 as its dollar-denominated gross domestic product (GDP) rose by 22 per cent…

byayotilewaMay 4, 2026
Jet Fuel Price Drops to N1,820 as Dangote Offers Direct Airline Supply Amid Aviation Cost Crisis
BusinessEnergyInternational

Jet Fuel Price Drops to N1,820 as Dangote Offers Direct Airline Supply Amid Aviation Cost Crisis

The Dangote Petroleum Refinery has announced it will begin direct supply of aviation fuel to airlines in Nigeria at N1,820…

byayotilewaMay 4, 2026
Oil Price Surge Adds N5.13 Trillion Windfall to Nigeria’s Revenue, but Fuels Rising Cost of Living
BusinessEnergyLocal

Oil Price Surge Adds N5.13 Trillion Windfall to Nigeria’s Revenue, but Fuels Rising Cost of Living

Nigeria has recorded a major fiscal boost after a sharp rise in global crude oil prices pushed government oil earnings…

byayotilewaMay 4, 2026
Konga Tech Month 2026 Drives Digital Access with 50% Discounts, Starlink Partnership
BusinessLocalTechnology

Konga Tech Month 2026 Drives Digital Access with 50% Discounts, Starlink Partnership

Konga has kicked off its highly anticipated Tech Month 2026 campaign, offering Nigerians discounts of up to 50 percent on…

byayotilewaMay 4, 2026
Naira rebounds to N1,858/£1 amid improved FX inflows and market stability
BusinessLocalMarket

Naira rebounds to N1,858/£1 amid improved FX inflows and market stability

The Nigerian naira has staged a modest recovery against the British pound, trading at N1,858/£1 in the official market, according…

byayotilewaMay 4, 2026
NGX Trading Hits N287bn as Market Capitalisation Surpasses N150trn
BusinessFinanceLocal

NGX Trading Hits N287bn as Market Capitalisation Surpasses N150trn

Nigeria’s stock market recorded a strong performance last week, with trading activity on the Nigerian Exchange (NGX) rising sharply to…

byayotilewaMay 4, 2026
Naira Gains Slightly as FX Liquidity Hits $10bn in April, Trade Activity Surges
BusinessEconomyLocal

Naira Gains Slightly as FX Liquidity Hits $10bn in April, Trade Activity Surges

The Nigerian naira closed April 2026 on a slightly stronger note, supported by improved liquidity in the country’s foreign exchange…

byayotilewaMay 4, 2026

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