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OpenAI Targets $30 Billion Funding at $1.4 Trillion Valuation
OpenAI is reportedly seeking to raise at least $30 billion in fresh funding, in a deal that could push the…
Nigeria-Indonesia Trade Surpasses $3bn Annually as Both Countries Seek Deeper…
Nigeria and Indonesia are recording more than $3bn in bilateral trade annually, highlighting the growing economic…
Stock Futures Edge Higher as Rising Treasury Yields Keep Investors on Alert
Stock futures edged higher on Wednesday as investors attempted to steady themselves after another session…
Nigeria’s Refining Boom Faces Crude Supply Crunch as Demand Nears 1.5m bpd
Nigeria’s growing refining industry may soon run into a major challenge: not having enough crude oil to…
Stockbrokers Push Capital Market to Drive Jobs, Investment and Economic Growth
Nigeria’s capital market is being positioned for a bigger role in driving economic growth as stockbrokers…
Liquidity Surplus Pushes Banks’ CBN Deposits to N6.28tn
Nigerian banks have increased their deposits with the Central Bank of Nigeria (CBN) to N6.28tn, underscoring the…
NGX sheds N468bn as profit-taking hits banking, industrial stocks
The Nigerian Exchange (NGX) closed lower on Tuesday as investors locked in gains from recent market…
Dangote Ready for Legal Battles as Lamu Refinery Plans Move Ahead
Aliko Dangote, President of Dangote Industries Limited, has said his business…
Kenyan Court Puts Dangote Refinery Construction on Hold Ahead of Groundbreaking
A Kenyan court has ordered a temporary pause on activities linked to the proposed Dangote refinery in Lamu County,…
NNPCL Reports N7.2trn Profit After Tax in 2025 Despite Revenue Drop
The Nigerian National Petroleum Company Limited (NNPCL) recorded N7.2 trillion in profit after tax in 2025, marking…
Oduwole: Digital connectivity must translate into productivity, economic…
Minister of Industry, Trade and Investment, Jumoke Oduwole, has called for Nigeria’s growing investment in digital…
CBN Offers N2.5tn OMO Bills as N2.43tn Repayment Hits Banking System
The Central Bank of Nigeria (CBN) has offered N2.5 trillion in fresh Open Market Operations (OMO) bills as N2.433…
Nigeria’s External Debt Rises by $11.4bn Under Tinubu as Borrowing Accelerates
Nigeria’s external debt has climbed by about $11.4 billion since President Bola Ahmed Tinubu assumed office,…
FG Sets September 2028 Deadline to End Regulated Gas Pricing in Nigeria
Nigeria is set to end regulated gas pricing by September 24, 2028, as the Federal Government moves towards…
Tinubu Witnesses $7bn Ogun Deep Seaport Deal as DP World Signs Major Investment…
The Ogun State Government and global ports and logistics operator DP World have signed Memoranda of Understanding…
Chevron, Egypt Push to Fast-Track Cyprus Gas Export Route Through Egyptian…
Chevron and Egypt are stepping up efforts to fast-track the agreements needed to connect Cyprus’ Aphrodite gas…
Dangote’s $660m Pipeline Project Wins Praise as Ethiopia, Djibouti Eye Energy…
Prime Minister of Ethiopia, Dr Abiy Ahmed, and President of Djibouti, Ismaïl Omar Guelleh, have praised Dangote…
Nigeria’s Petrol Exports Hit Nearly N1tn as Dangote Refinery Drives Sixfold Surge
Nigeria’s petrol export earnings surged to N998.50bn in the first half of 2026, marking a dramatic shift…
Dangote Refinery IPO: Loyal Shareholders to Get 1 Bonus Share for Every 10 Held
Investors participating in the Dangote Petroleum Refinery and Petrochemicals IPO could have an extra reason…
Nigeria Stock Market Gains N622bn as Bulls Extend Winning Run
Nigeria’s equities market maintained its bullish momentum on Thursday as renewed buying interest across…
Listed Consumer Goods Firms Pay N70.1bn in Royalties, Fees as Multinational Costs…
Eight listed consumer goods companies in Nigeria paid a combined N70.1 billion in royalties, technical fees,…
FG Sets New Interest Rates for Late Tax Payments From October 1
Taxpayers in Nigeria who delay their tax payments will face a new interest-rate regime from October 1, 2026, as…
Ogun, DP World Sign $7bn Deal for Deep Seaport, Special Economic Zone
Ogun State has taken a major step towards strengthening Nigeria’s maritime and industrial economy after the…
Nigeria UNGA Address: Shettima Pushes Climate Finance, AI and Economic Reforms
Nigeria has used its 2026 United Nations General Assembly (UNGA) address to renew calls for reforms to the…
Nigeria Stock Market Gains N622 Billion as NGX Bull Run Continues on Strong…
Nigeria’s stock market extended its bullish run on Thursday, September 24, as equities attracted strong…
Seplat Share Price Hits Record N16,000 as Stock Surges 175% in 2026
Seplat Energy Plc has reached a fresh milestone on the Nigerian Exchange Limited (NGX), with its share…
Naira Holds Firm at ₦1,762 Against Pound Despite CBN Rate Cut
The naira to pound exchange rate in Nigeria remained relatively strong at the mid-week trading session, with the…
Nigeria Oil Production Hits 307 Million Barrels in Six Months – NUPRC
Nigeria’s oil production climbed to nearly 307 million barrels between March and August 2026, signalling a…
NGX Stocks Hit Record High as Market Capitalization Climbs to N163.06tn
The Nigerian stock market extended its strong September run on Wednesday, September 23, with the NGX All-Share…
Tony Elumelu Urges Africa to Move From Foreign Aid to Investment and Trade
Tony Elumelu, chairman of Heirs Holdings, has called for a major shift in Africa’s economic development…