Government Securities Now Make Up 11% of Nigerian Banks’ Assets — S&P Warns of Sovereign Risk Exposure
Government securities now account for about 11 per cent of Nigerian banks’ total assets, highlighting years of constrained credit extension…
Author: ayotilewa
Nigeria Secures $18.2bn Oil Investments as 28 Field Development Plans Signal Sector Revival
Nigeria recorded a major turnaround in its oil and gas sector in 2025, securing $18.2bn in fresh investments following the…
How CBN Reforms Lifted Nigeria from EU High-Risk Financial List
For over a decade, Nigeria bore a costly global label as a “high-risk” country for money laundering and terrorism financing,…
NESG Appoints Transcorp CEO and Shell Executive to Strengthen Private-Sector Leadership
The Nigerian Economic Summit Group (NESG) has named two leading figures from the energy and corporate sectors to its Board…
Nigerians Warned of Epileptic Petrol Supply as Costs and Bank Debts Mount
Independent petrol marketers in Nigeria have cautioned that motorists may soon face an era of irregular or “epileptic” petrol supply.…
Dangote Group Expands Gas Supply Deals with NNPC Subsidiaries to Boost Industrial Growth
Three key subsidiaries of Dangote Industries Limited—Dangote Petroleum Refinery, Dangote Fertiliser Plant, and Dangote Cement Plc—have expanded their Gas Sales…
SpaceX Acquires xAI: Elon Musk Plans Ambitious Space-Based Data Centers
SpaceX has officially acquired Elon Musk’s artificial intelligence startup, xAI, in a deal that creates the world’s most valuable private…
OpenAI Launches Codex Desktop App for Developers, Expanding Its AI Coding Empire
OpenAI has officially launched the Codex Desktop App, a macOS-focused tool aimed at developers and companies seeking a more efficient…
FG Raises N1.5 Trillion in 2026 First Bond Auction Amid Strong Investor Demand
The Federal Government of Nigeria raised a total of N1.5 trillion in its first bond auction of 2026, signaling strong…
Nigerian Stock Market Surges N6.8 Trillion in January as Blue-Chip Stocks Lead Recovery
The Nigerian Exchange Limited (NGX) started 2026 on a high note, adding N6.8 trillion or 6.8% to its market capitalization…
Nigerian Exchange Drops 549 Points as Investors Lose ₦300 Billion
Investors on the Nigerian Exchange (NGX) faced a sharp pullback on Wednesday, January 28, 2026, as the market shed 549.4…
Asia Markets Surge as Japan Hits Record High Amid U.S.-India Trade Deal
Asia-Pacific markets jumped on Tuesday as investor optimism returned, fueled by a fresh U.S.-India trade deal and strong Wall Street…
First HoldCo Stock Dip: Is This the Investment Opportunity Investors Have Been Waiting For?
On Lagos’ bustling Custom Street, one name has been on every investor’s lips this week: First HoldCo. Once seen as…
Google and African Partners Launch WAXAL to Expand AI Access Across Africa
Google has teamed up with leading African research institutions to launch WAXAL, a large-scale open speech dataset aimed at expanding…
NNPC Remittance to FAAC Plunges 86%, Deepening Nigeria’s Oil Revenue Crisis
Nigeria’s oil revenue experienced a dramatic decline in 2025 as the Nigerian National Petroleum Company (NNPC) delivered only N604.61 billion…
Nigeria’s Refiners Struggle Amid Crude Shortages Despite 306 Million Barrels Exported in 2025
Local oil refiners in Nigeria continue to grapple with persistent crude shortages, even as the country exported an estimated 306…
Lokpobiri: Only Foreign Firms Can Handle Offshore Exploration in Nigeria
Nigeria’s Minister of State for Petroleum Resources, Heineken Lokpobiri, has stated that local companies currently do not have the capacity…
Regulatory Gaps Driving Away African Energy Investors, Warns NUPRC Boss
Regulatory inconsistencies across African countries are threatening to scare off energy investors, the Chief Executive of the Nigerian Upstream Petroleum…
CBN Report Reveals Sharp Divide in Nigeria’s Fintech Industry Over Regulatory Environment
Nigeria’s fintech ecosystem is split down the middle on how supportive the country’s regulatory framework really is, according to the…
European Stocks Rise as Markets Stabilize After Historic Global Sell-Off
European stocks opened higher on Tuesday as global markets showed signs of calm following a brief but historic sell-off that…
Nigerian Engineers Prove Global Capability with Egina, Ikike Projects – TotalEnergies
Nigeria’s Egina deepwater and Ikike shallow-water oil projects have emerged as strong evidence that Nigerian engineers, contractors, and service providers…
Naira Ends January Stronger at ₦1,386/$ in Official Market as FX Stability Improves
The naira closed the month of January 2026 on a positive note, strengthening against the United States dollar in Nigeria’s…
Profit Up 29%, Rating Down to Junk: The Afreximbank Paradox
Africa’s largest trade finance institution, Afreximbank, is in the spotlight after Fitch Ratings downgraded the bank to junk status on…
Nigeria Oil Exports to Drop as Bonga FPSO Undergoes Scheduled Maintenance
Nigeria’s oil exports will decline sharply in February as production from the Bonga Floating Production Storage and Offloading (FPSO) facility…
Nigeria’s Big 10 Stockbrokers Dominate NGX Trading With ₦7.4 Trillion Deals in 2025
In the fast-moving corridors of the Nigerian Exchange Limited (NGX), power in 2025 was anything but evenly spread. Ten brokerage…
Onitsha Main Market Reopens as Sit-at-Home Falters Under Soludo’s Directive
Economic activity returned to life at the Onitsha Main Market on Monday as traders reopened their shops, effectively weakening the…
CBN Tightens Liquidity, Withdraws N15 Trillion from Nigeria’s Financial System in January
Nigeria’s financial system faced intense liquidity pressure in January as the Central Bank of Nigeria (CBN) continued its aggressive monetary…
Telecoms Sector Expands with 2,850 New Sites and $1bn Investment in Q4 2025 – NCC Report
The Nigerian Communications Commission (NCC) has revealed significant progress in the nation’s telecoms sector, with the Q4 2025 Network Performance…
Nvidia CEO Denies OpenAI Investment Stall Amid $100B Partnership Talks
Nvidia CEO Jensen Huang has dismissed reports suggesting tension between his company and OpenAI, calling them “nonsense.” The comments follow…
Africa’s AI Drive Must Prioritize Human Factors, Expert Warns
Africa’s push to adopt artificial intelligence (AI) risks falling short if governments continue to focus solely on technology acquisition, a…