Africa takes first step in handling credit rating biase – AFCRA
As the continent continues its march towards economic integration and resilience, the establishment of Africa Credit Rating Agency (AfCRA) represents…
Author: ayotilewa
Nigerian Stock Market Surpasses N111 Trillion on Dangote Cement Demand
The Nigerian Exchange Limited (NGX) reached a new milestone yesterday, with market capitalization crossing the N111 trillion mark, fueled by…
Somalia and Türkiye Strengthen Digital Ties with New Electronic Communications MoU
Somalia’s National Communications Authority (NCA) and Türkiye’s Information Technologies and Communications Authority (BTK) have taken a significant step to deepen…
ZeroDrift Launches AI Compliance Platform to Streamline Financial Communications
In a major move for regulated industries, ZeroDrift has officially launched its AI-driven compliance platform, unveiling a $2 million pre-seed…
Nigeria to Launch Cybersecurity Framework to Combat Rising AI-Driven Attacks
The Federal Government of Nigeria has announced plans to implement a comprehensive cybersecurity framework this year aimed at tackling the…
NUPRC Launches 2025 Oil Licensing Round to Attract Global Investors
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on global investors to seize opportunities in its 2025 oil and…
Nigeria Revenue Service Sets Ambitious N40.7 Trillion Target After N28.3 Trillion Record in 2025
The Nigeria Revenue Service (NRS) has announced a record-breaking revenue collection of N28.3 trillion in 2025, surpassing the agency’s target…
NEC Calls for Unity and Delivery-Focused Reforms in Nigeria’s $1 Trillion Economy Drive
Nigeria’s drive to become a $1 trillion economy took center stage yesterday as the National Economic Council (NEC) concluded its…
BUA Foods Appoints Khalifa Rabiu as Chief Officer, Driving Global Procurement and Strategic Growth
BUA Foods Plc has appointed Mr. Isyaku Abdulsamad “Khalifa” Rabiu as Chief Officer, Global Procurement and Strategic Operations, effective January…
Nigerian Insurers’ Profits Plummet to N108.4bn Amid FX Volatility and Rising Claims
Nigeria’s insurance sector experienced a sharp downturn in profitability in 2025, as foreign exchange volatility, rising claims, and higher operating…
Elon Musk Eyes Moon Factory for AI Ambitions as xAI Faces Co-Founder Departures
Elon Musk is turning his attention skyward—literally. At a recent all-hands meeting with xAI employees, Musk outlined a bold vision:…
Naira Breaks Below N1,350/$ for First Time Since May 2024 Amid Rising Reserves
The Nigerian naira strengthened to N1,349.5 per US dollar on Tuesday, marking the first time it traded below the N1,350/$…
SEC Urges Nigerian Civil Servants to Invest in Capital Market for Wealth and Retirement Security
Nigeria’s Securities and Exchange Commission (SEC) has called on civil servants to actively engage in the capital market as a…
Crude Oil Nears $70 Amid US-Iran Tensions, Sparking Global Market Volatility
Crude oil prices surged toward $70 per barrel this week, climbing from $67 last week, as escalating tensions between the…
Dangote Reduces Petrol Price by N25 per Litre to Boost Local Refinery Competitiveness
Dangote Petroleum Refinery has announced a significant reduction in its petrol prices, slashing the gantry price of Premium Motor Spirit…
Nigeria Records $10.83bn Trade Surplus in 2025 Amid Rising Exports
Nigeria achieved a trade surplus of $10.83 billion in the first nine months of 2025, as exports of $44.06 billion…
Asia Markets Rise as Investors Digest China Inflation, Ignore Weak U.S. Retail Data
Asia-Pacific markets traded mostly higher on Wednesday as investors focused on economic developments in China, shrugging off weaker-than-expected U.S. retail…
World Bank Warns of Digital Job Risks Amid Weak Regulation in Developing Countries
The World Bank has issued a cautionary note about the rising trend of digital jobs, highlighting both the opportunities and…
Dangote Cuts Petrol Price to N774 per Litre, Expands Investment Drive to Burundi
Dangote Petroleum Refinery has reduced its petrol price by N25 per litre, lowering the ex-depot rate from N799 to N774…
Nigeria Must Reduce Debt Reliance, Says Wale Edun, Urges Stronger Domestic Revenue Drive
Nigeria must reduce its dependence on borrowing and build a stronger domestic revenue base to secure long-term fiscal stability, the…
CBN Approves $150,000 Weekly FX Sales to BDCs to Boost Naira Stability
The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian…
Nigeria to Deploy 22 New Cargo Scanners by Q3 2026 to Boost Trade Modernisation
Nigeria’s trade modernisation drive is set to gain fresh momentum as the Trade Modernisation Project (TMP) Limited announced plans to…
Nigeria’s Economic Growth Slows Amid Weak Industrialisation and Job Deficit, Senate Committee Warns
Nigeria’s economic growth is facing significant headwinds as weak industrialisation, limited investment, and persistent unemployment continue to challenge the nation’s…
Nigeria’s Oil Price Falls Below $69 Amid Rising US-Iran Tensions
Nigeria’s top-grade Bonny Light crude traded at $68.8 per barrel on Tuesday, marking a notable decline amid rising geopolitical tensions…
Fuel Import Permits to Resume: Nigerian Marketers Optimistic Amid Dangote Refinery Supply Dip
Petroleum marketers in Nigeria have expressed renewed optimism following indications from the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) that…
NCDMB Champions Africa-Wide Collaboration to Boost Oil and Gas Growth
The Nigerian Content Development and Monitoring Board (NCDMB) has called for stronger Africa-wide collaboration to drive growth in the oil…
African Start-ups Raise $174M in January Amid Record-Low Deal Count
African start-ups secured a total of $174 million in funding in January 2026, according to Africa: The Big Deal, a…
Nigeria’s Economic Stability at Risk: CBN Warns of Excess Liquidity and 2027 Election Threats
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has raised concerns over the potential impact of excess cash in the…
Breaking news: PenCom Increases Equity Investment Limits for RSA Funds to Boost Liquidity
Nigeria’s National Pension Commission (PenCom) has announced an increase in the allowable equity investment limits for key Retirement Savings Account…
Best performing Nigerian stockbrokers in January 2026
January 2026 proved to be a bullish start for the Nigerian stock market, with the Nigerian Exchange (NGX) reporting a…