NNPC Unveils Gas Master Plan 2026, Targets 20 Million LPG Cylinders by 2030
The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially unveiled its Gas Master Plan (GMP) 2026, signaling a bold…
Author: ayotilewa
Nigerian Manufacturers Face 21% Surge in Energy and Raw Materials Costs
Eight major Nigerian manufacturing firms spent a combined N1.01 trillion on energy and raw materials in the nine months ending…
Global Stocks, Oil, and Precious Metals Plunge Amid Tech Fears and Market Volatility
Global financial markets opened the week on a turbulent note as stocks, oil, and precious metals plunged, extending the volatility…
Bitcoin Falls Below $84,000 as $1 Billion ETF Outflows Shake Crypto Market
Bitcoin tumbled below the key $84,000 support level, hitting around $82,600, as massive outflows from cryptocurrency exchange-traded funds (ETFs) and…
Nigeria Removed from EU High-Risk List After Major Financial Reforms
Nigeria has officially been removed from the European Union’s high-risk list for money laundering and terrorism financing, marking a major…
FG Disburses N2.45 Trillion to States for Infrastructure and Security Projects
The Federal Government (FG) has disbursed a total of N2.45 trillion to Nigeria’s 36 states and the Federal Capital Territory…
European Stocks Slide as Precious Metals Crash Hits Mining and Tech Sectors
European stocks opened the week on a sour note, as investors reacted to volatility in precious metals and growing concerns…
UACN’s Acquisition of CHI Limited: A Strategic Gamechanger in 2025 Results
UAC Nigeria PLC (UACN) has unveiled its 2025 financial results, revealing a mixed performance that caught many investors’ attention. Profit…
NGX All-Share Index Falls 0.09% as Trading Activity Dips Amid Market Shifts
The Nigerian Exchange Limited (NGX) All-Share Index slipped 0.09% last week, closing at 165,370.40 points. Despite the slight drop in…
US-Nigeria Investment Partnership Launched to Boost Trade and Private-Sector Growth
The United States and Nigeria have officially launched the US-Nigeria Commercial and Investment Partnership (CIP), a five-year initiative designed to…
Nigeria’s Crude Exports to Drop 225,000 BPD as Shell Shuts Bonga FPSO for Maintenance
Nigeria’s crude oil exports are set to decline by about 225,000 barrels per day this February due to the planned…
Bank Stocks Drag NGX Lower Despite Fresh Listings Boosting Market Capitalisation
The Nigerian Exchange (NGX) ended the week on a subdued note as sustained selling pressure in banking stocks outweighed gains…
Oil Cash, Foreign Inflows Lift Nigeria’s External Reserves by $66m as Naira Hits Two-Year High
Nigeria’s external reserves recorded a modest rebound in January, rising by $66 million as stronger oil prices and renewed foreign…
VDL Technologies Sets Sights on Africa, Europe Expansion Amid Nigeria’s Economic Pressures
VDL Technologies has unveiled plans to expand its operations across Africa and Europe as it looks to scale beyond Nigeria’s…
Nigeria Hosts World Bank Talks to Drive Jobs, Investment and Economic Growth
Nigeria is hosting senior World Bank officials this week as part of renewed efforts to accelerate economic growth, attract investment,…
CBN Fintech Survey Signals Shift in Regulatory Approach to Nigeria’s Digital Finance Sector
The Central Bank of Nigeria (CBN) is set to release a landmark fintech survey report on Monday, February 2, offering…
iPhone Records Best Quarter Ever as Apple Sees Surge in China and India
Apple has posted a strong start to the year, with the iPhone emerging as the company’s biggest growth driver after…
Apple Earnings Soar on iPhone 17 Pro Sales, But Investor Excitement Remains Tepid
Apple’s latest earnings report highlights the power of the iPhone 17 Pro, whose 8x zoom and premium features have captured…
Microsoft Launches Maia 200 AI Chip but Will Continue Buying Nvidia and AMD Chips, Says Nadella
Microsoft has officially rolled out its first in-house AI chip, the Maia 200, at one of its data centers this…
Nigeria Gas Flaring Hits 203.9 Billion SCF in 2025 Despite High Utilisation – NUPRC
Nigeria continued to struggle with gas flaring in 2025, releasing over 203.9 billion standard cubic feet (SCF) of natural gas…
Clean Energy Momentum Grows Globally, but Nigeria and Africa Lag Behind
As the world observed International Clean Energy Day, United Nations Secretary-General António Guterres delivered a stark message: the global shift…
CBN Governor Olayemi Cardoso Engages British International Investment Delegates to Boost Nigeria’s Financial Sector
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday, January 28, 2026, welcomed a delegation…
Nigeria’s N58.4 Trillion Budget Passes Second Reading as Senate Tackles Electoral Act Reforms
The House of Representatives has passed President Bola Tinubu’s N58.4 trillion 2026 budget through its second reading, surprising many observers…
Adidas Shares Surge 6% After Record 2025 Revenue Boosts European Stocks
European stocks opened higher on Friday, driven by strong corporate earnings and cautious optimism in global markets. By mid-morning in…
Ethos IPO Success: How the Sequoia-Backed Insurtech Survived Where Rivals Failed
Ethos Technologies, the San Francisco-based life insurance software provider, officially debuted on Nasdaq Thursday under the ticker symbol “LIFE,” one…
US Fed Holds Interest Rate at 3.5–3.75% to Stabilize Jobs and Tame Inflation
The United States Federal Reserve has decided to keep its benchmark interest rate steady at 3.5–3.75%, citing the need to…
FCMB Records N177bn Profit in 2025, Driven by Strong Lending and Fee Income
FCMB Group Plc has announced a remarkable profit after tax of N177 billion for the year ended December 31, 2025,…
FG’s N9tn Surge in Domestic Loans Crowds Out Private Sector Credit in 2025
Nigeria’s Federal Government sharply increased its domestic borrowing in 2025, drawing N9.19tn from financial institutions, data from the Central Bank…
BUA Foods Reports N508bn Profit After Tax in 2025, Marking 91% Growth
BUA Foods Plc has announced a remarkable N507.7 billion profit after tax for the year ended 31 December 2025, marking…
Nigeria Telecoms Regulator Removes 450 Illegal Boosters, Fines Operators N45 Million to Improve Service Quality
The Nigerian Communications Commission (NCC) has stepped up efforts to improve telecom service quality by dismantling over 450 illegal signal…