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Nigerian Equities Market Sustains Bullish Momentum with N212bn Gain
The Nigerian Exchange Limited (NGX) continued its upward trajectory on Wednesday, July 10, 2025, posting a…
Nigerian Banks Race to Bridge ₦783bn Capital Gap as Stanbic IBTC Leads…
The Nigerian banking sector's capital shortfall has reduced to ₦783.4 billion following Stanbic IBTC Holdings’…
Meta Snaps Up Apple’s AI Star with $200M Package in Bold Superintelligence Push
Meta Platforms Inc. has made headlines by securing the services of Ruoming Pang, a former top AI engineer at…
Dangote Refinery Expands Fuel Export Reach to Southern Africa with Namibia…
The Dangote Petroleum Refinery is set to expand its export operations by constructing a fuel storage facility in…
Nvidia Becomes First Company to Reach $4 Trillion Valuation Amid AI Boom
Nvidia made history on Wednesday by becoming the first publicly traded company to hit a market valuation of $4…
Nigeria’s Economy Expands for 6th Straight Month as Agriculture Leads Growth – CBN…
Nigeria’s economy has recorded its sixth consecutive month of expansion, according to the June 2025 Purchasing…
Nigeria’s Foreign Reserves Projected to Reach $41bn by Year-End Amid Naira Gains
Nigeria’s external reserves could reach $41 billion by the end of 2025, driven by the continued appreciation of…
OpenAI to Launch AI-Powered Web Browser, Targeting Google Chrome’s Dominance
OpenAI is preparing to launch a groundbreaking AI-powered web browser that will directly compete with Google…
European Investors Eye Earnings Season for Clues Amid Trade and Currency…
European investors are closely watching the second-quarter earnings season, which could reveal how well companies…
Nigerian Stocks Surge Midweek with N212bn Gain Amid Broad Market Optimism
The Nigerian equities market continued its bullish run midweek, with a significant gain of ₦212 billion in market…
IMF Boosts FIRS Support as Nigeria Implements Sweeping Tax Reforms
The International Monetary Fund (IMF) has strengthened its collaboration with Nigeria’s Federal Inland Revenue…
India Clears Final Hurdle for Musk’s Starlink to Launch Commercial Operations
Starlink, Elon Musk’s satellite internet venture under SpaceX, has finally received the green light to commence…
Nigerian Insurance Firms Project N14.1bn Q2 Profit Decline Amid FX Losses
Four Nigerian insurance firms—AXA Mansard Insurance Plc, Consolidated Hallmark Holdings Plc, Linkage Assurance…
Stronger Reserves to Boost Cedi Stability and Disposable Incomes, Merban…
Ghana’s strengthened international reserves are expected to enhance currency stability and improve citizens’…
Dangote Refinery Cuts Petrol Price Again to N820 per Litre Amid Market…
Dangote Refinery has further reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol,…
NCC Introduces N10m Licence for Bulk SMS Providers to Tackle Fraud and Spam
The Nigerian Communications Commission (NCC) has announced a mandatory N10 million licence fee for companies…
Naira Slightly Weakens to ₦1,529/$ as Forex Demand Rises Amid Card Transaction…
The Nigerian naira experienced a marginal depreciation at the official foreign exchange market, closing at…
IMF Calls on Nigeria to Deepen Inclusive Growth and Enforce Fiscal Discipline Amid…
The International Monetary Fund (IMF) has advised Nigeria to prioritise inclusive economic growth, reinforce…
Naira Breaks Free from Oil Dependency as Currency Holds Steady Despite Price Slump
Nigeria’s naira is showing signs of resilience and stability, decoupling from its historical dependence on crude…
Despite 50% Tariff Hike, Nigeria’s Internet Usage Surges 30% in 2025
Despite a steep 50% increase in telecom tariffs earlier in 2025, Nigeria has seen a surprising 30.91% rise in…
Meta Superintelligence Labs Poaches Elite AI Talent in Silicon Valley Hiring Blitz
Meta Platforms has launched a high-stakes hiring spree to populate its newly formed Superintelligence Labs, aimed…
Nigeria Eyes Record $16.08bn in Foreign Portfolio Inflows Amid High Interest Rates
Nigeria is on track to record its highest-ever foreign portfolio investment (FPI) inflows by the end of 2025, as…
CBN Raises Inflation Alarm as Rising Input Costs Threaten Business Margins
The Central Bank of Nigeria (CBN) has raised concerns about a potential surge in inflation, citing rising input…
Dangote Refinery Targets 100% Nigerian Crude by Year-End in Energy Sector…
Dangote Industries Limited has announced plans to fully switch its massive 650,000 barrels-per-day refinery to use…
CBN Rolls Out Stricter Loan Reporting Rules to Boost Transparency in Banks
The Central Bank of Nigeria (CBN) has introduced new guidelines to enhance credit reporting standards among…
Nigeria and South Africa Boost Intra-African Trade to $220.3 Billion in 2024
Intra-African trade rose significantly by 12.4% in 2024 to reach $220.3 billion, up from $196.04 billion in 2023,…
European Markets Climb as Investors Await U.S. Trade Moves; Mergers and Energy…
European stocks ended Monday’s trading session mostly higher as investors looked ahead to potential U.S. trade…
NGX Chairman Deepens Capital Market Collaboration with Dubai Financial Market
In a significant step toward enhancing cross-border market integration, the Chairman of Nigerian Exchange Group…
NCC To Spotlight Mobile Virtual Network Investment, Growth Potential At Forum
The Nigerian Communications Commission (NCC) will headline the sixth edition of the Telecom Sector Sustainability…
Apple Appeals $587M EU Antitrust Fine Over App Store Restrictions
Apple has officially taken legal action against a €500 million ($587 million) antitrust fine imposed by the…