Tem Raises $75M to Transform Electricity Markets Using AI
London-based startup Tem is tackling one of the modern energy sector’s biggest challenges: rising electricity costs driven by AI data…
Author: ayotilewa
PenCom Raises Equity Caps: Bullish Signal for NGX and Pension Fund Growth
The National Pension Commission (PenCom) has signaled a major boost for Nigeria’s stock market by raising equity investment limits for…
Dangote Refutes Petrol Import Claims, Blames Economic Saboteurs for Misleading Reports
Dangote Refinery has firmly rejected claims that it imports finished petrol into Nigeria, describing the narrative as false and driven…
Nigerian Stock Market Surges N1.42 Trillion as Capitalisation Hits N111.6 Trillion
The Nigerian stock market gained N1.424 trillion in market capitalisation on Monday, bringing the total value of listed equities to…
CBN Fully Deploys S4 for Government Securities Auctions, Eyes Secondary Market Reform
The Central Bank of Nigeria (CBN) has officially confirmed the full operational deployment of its Scripless Securities Settlement System (S4)…
NCC Begins Review of Nigeria’s Telecom Policy 26 Years After Approval
The Nigerian Communications Commission (NCC) has commenced a comprehensive review of Nigeria’s National Telecommunications Policy (NTP) 2000, nearly 26 years…
Dangote Refinery Denies Importation of Finished PMS into Nigeria
Dangote Petroleum Refinery has firmly denied reports suggesting it imports finished Premium Motor Spirit (PMS) into Nigeria, describing the claims…
Nigerian Stock Market Rally: Investors Gain ₦4.08 Trillion in One Week as Share Prices Surge
Investors on the Nigerian Exchange (NGX) recorded a significant windfall last week, pocketing about ₦4.08 trillion as rising share prices…
Dollar Slips Ahead of Key U.S. Data as Yen Holds Gains After Japan Election
The U.S. dollar remained under pressure on Tuesday as investors awaited a series of critical economic reports expected to influence…
Oil & Gas Drives Nigerian Exchange to N110.23tn Market Cap
The Nigerian Exchange Limited (NGX) reached a historic milestone this week, with the All-Share Index climbing to 171,727.49 points and…
Nigeria Needs $22 Billion to Expand Gas Pipeline Infrastructure – NNPC Gas Master Plan 2026
Nigeria may need as much as $22 billion in new investments to develop critical gas pipeline infrastructure under the Nigerian…
Infinix Note 60 Series Launch in Nigeria Surpasses Pre-Order Targets
Infinix has officially launched its highly anticipated Note 60 Series in Nigeria, immediately exceeding pre-order targets and signaling strong consumer…
India Revamps Deep Tech Startup Rules to Boost Innovation and Investment
India is rewriting the rules for deep tech startups, aiming to help science- and engineering-driven companies turn ambitious research into…
South Africa Enters New Era of Satellite Connectivity with Space42 Thuraya-4 Launch
South Africa has taken a significant step forward in satellite connectivity with the launch of Space42’s Thuraya-4 services, marking a…
Wale Edun Calls for Global Economic Reset to Empower Emerging Markets
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called for a comprehensive reset of the…
CBN Warns Nigeria’s Fintech Sector Faces Risks from Heavy Foreign Investment Dependence
Nigeria’s fintech sector, one of Africa’s fastest-growing industries, continues to rely heavily on foreign investment, leaving it exposed to global…
Nigeria’s 2026 Budget: N4.23 Trillion Allocated to 50 Key Capital Projects
Nigeria’s proposed 2026 federal budget outlines a bold plan to allocate N4.23 trillion to roughly 50 major capital projects, spanning…
Japan’s Nikkei 225 Surges Past 57,000 After Prime Minister Takaichi Wins Historic Mandate
Japan’s stock market soared to record levels on Monday as investors reacted to Prime Minister Sanae Takaichi’s landmark election victory.…
T-Bill Demand Surges Over 400% Amid Credit Squeeze in Nigeria’s Manufacturing Sector
Nigeria’s Treasury Bills have witnessed a staggering surge in demand, with the February 4 auction seeing subscriptions jump to about…
Why Nigeria’s Refineries Failed: NNPC CEO Blames Focus on Contracts Over Operations
Nigeria’s state-owned refineries have struggled for decades because successive managers prioritized financing and engineering contracts over the actual running of…
RT Briscoe Leads NGX Gainers as Market Turnover Hits N128 Billion in One Week
The Nigerian Exchange Limited (NGX) recorded a significant uptick in trading activity last week, with a total of 3.86 billion…
Nigeria Drives West African Telecom Integration Amid Cross-Border Roaming Talks
Nigeria is stepping up efforts to create a more integrated telecommunications market across West Africa, as regulators work to address…
FG Strengthens Gas-to-Power Linkage to Boost Electricity Supply in Nigeria
The Federal Government (FG) has renewed its focus on strengthening Nigeria’s gas-to-power sector as part of a broader strategy to…
Dangote Cement Aims for 90 Million Tonnes to Make Africa Self-Sufficient
Dangote Cement Plc is doubling down on its mission to make Africa fully self-sufficient in cement production, a move set…
CBN Reforms Propel Nigeria Off EU High-Risk List, Boosting Global Financial Confidence
Nigeria has officially been removed from the European Union’s high-risk list for money laundering and terrorism financing, a landmark achievement…
Nigerian Stocks Surge: NGX Tops 171,000 as Heavyweight Shares Drive Weekly Gains
The Nigerian stock market recorded its strongest weekly performance in 2026, driven by gains in heavyweight stocks. The NGX All-Share…
BoI Receives CBN Approval to Launch Non-Interest Banking Window in Nigeria
The Bank of Industry (BoI) has received regulatory approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest…
Investors Gain N4.08 Trillion as Nigerian Stocks Surge Amid Market Optimism
Investors on the Nigerian Exchange (NGX) enjoyed a profitable week, pocketing approximately N4.08 trillion as share prices continued their upward…
World Bank Cuts CBN Grant to $6.8m, Approval Set for March
The World Bank has reduced a proposed grant to the Central Bank of Nigeria (CBN) from $10.50m to $6.80m, with…
LG Bets on AI Appliances to Drive Sales Growth in Middle East and Africa
LG Electronics is ramping up its push into artificial intelligence–powered home appliances as it seeks to boost sales and defend…