Nigeria Seeks $2 Billion Chinese Loan to Build Super Grid and End Chronic Power Shortages
Nigeria is negotiating a $2 billion loan from China’s Export-Import Bank to finance the construction of a new “super grid”…
Category: Business
Seplat, AXA Mansard Drive NGX Rally as Market Gains ₦786 Billion
Investors on the Nigerian Exchange Limited (NGX) continued their winning streak on Monday, pushing market capitalisation up by a substantial…
Tinubu Approves N4 Trillion Bond to Settle GenCos Debts, Boost Nigeria’s Power Sector
President Bola Tinubu has approved a N4 trillion bond to settle verified debts owed to Nigeria’s power generation companies (GenCos)…
Akwa Ibom Partners with T2 to Become Nigeria’s Next Digital Innovation Hub
Akwa Ibom State is set to accelerate its digital transformation after Governor Umo Eno announced a strategic partnership with tech…
Sahara Group Acquires 7 New Oil Rigs, Aims to Boost Production to 350,000 BPD Across Africa
Sahara Group, one of Africa’s leading energy and infrastructure conglomerates, is making bold moves to expand its footprint in the…
Dangote Refinery Commends Tinubu, Security Chiefs for Preventing PENGASSAN Strike Disruption
Dangote Petroleum Refinery has applauded President Bola Ahmed Tinubu and key government officials for swiftly preventing what it described as…
Nigeria’s Dele Alake Urges Africa to Industrialise Its Minerals and Build a Green Industrial Future
Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, has called on African nations to end the era of exporting…
Nigeria’s Intra-African Trade Rises by ₦610bn Amid Weak Naira, Shifting Global Ties
Nigeria’s trade with other African countries surged by ₦610 billion in the first half of 2025, reflecting a renewed push…
Tony Elumelu Foundation Donates ₦1 Billion to Empower 18,500 Nigerian Women Under Renewed Hope Initiative
In a major push for women’s economic inclusion, the Tony Elumelu Foundation (TEF) has donated ₦1 billion to the Renewed…
NGX Market Capitalisation Soars to N140.6 Trillion in September 2025, Boosted by Economic Reforms and Investor Confidence
Nigeria’s stock market surged to a record N140.6 trillion in September 2025, signaling renewed investor confidence in the nation’s capital…
Trillion-Naira Club: Top 10 Most Profitable Stocks Driving NGX Growth in Q3 2025
Nigeria’s equities market recorded an impressive 18.95% return in Q3 2025, largely driven by a powerful rally among heavyweight stocks…
United Capital: Profit up, stock down; is the market overlooking its growth
United Capital Plc is proving to be one of the most intriguing stocks on the Nigerian Exchange (NGX) — a…
Naira Rises to ₦1,465 per Dollar as FX Inflows Strengthen and Dollar Weakens
The Nigerian naira extended its rally last week, closing at ₦1,465 per U.S. dollar at the official market, buoyed by…
Petrol Still Sells at ₦865 Despite Dangote’s Free Delivery Offer and ₦820 Supply Price
Despite Dangote Refinery’s effort to ease fuel prices nationwide by supplying petrol at ₦820 per litre without delivery costs, major…
Naira Strengthens as CBN Reforms Boost Confidence, Cut Speculation in FX Market
Nigeria’s naira is making one of its strongest comebacks in recent years, lifted by decisive Central Bank of Nigeria (CBN)…
Dangote Launches $2.5bn Fertiliser Plant in Ethiopia to Boost Africa’s Food Security
Africa’s richest man and President of the Dangote Group, Aliko Dangote, has broken ground on a $2.5 billion fertiliser plant…
CBN Pledges Clean Naira Notes, Boosts Economic Stability at Abuja Trade Fair
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to ensuring the availability of clean and well-mixed currency notes,…
Renaissance Aims to Boost Nigeria’s Oil Production Above 2 Million BPD with Shell Onshore Takeover
Nigeria’s oil production could soon surge past the two million barrels per day (bpd) milestone, as Renaissance, the new owner…
European Stocks Hit New Highs Amid Raiffeisen Surge and Tech Rally
European stocks continued their upward momentum on Friday, extending gains after regional indexes touched fresh record highs earlier in the…
Capital Market Operators Push for Bold Reforms to Restore Investor Confidence in Nigeria
Capital market operators have renewed calls for the Federal Government to implement bold reforms that would attract more companies to…
Apple, Google spotlight Lagos gaming studio Maliyo
Two global tech giants, Apple and Google, have turned the spotlight on Lagos-based Maliyo Games, a studio championing African creativity…
Full Implementation of Industrial Policy Vital for Nigeria’s Economic Growth – MAN
The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to fully implement the forthcoming national industrial policy if…
Tinubu to Commission $400m Rivers Oil Export Terminal, Nigeria’s First in 50 Years
President Bola Ahmed Tinubu will on October 8 inaugurate the $400 million Otakikpo Onshore Crude Oil Export Terminal in Rivers…
Domestic Investors Slash Stock Trades by N932bn in August as Foreign Participation Rises
Domestic investors on the Nigerian Exchange Limited (NGX) sharply reduced their participation in August 2025, cutting back on stock trades…
Nigeria’s AI Strategy Targets $15bn GDP Boost, Equips Youth with 70% AI Skills by 2030
Nigeria is making a bold play to secure its place in the global Artificial Intelligence (AI) revolution with an ambitious…
SEC DG Calls for Urgent West African Capital Market Integration to Drive Infrastructure, Jobs, and Digital Growth
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has urged West African nations to accelerate the…
AI Startup Valuations Spark Bubble Fears as Funding Hits Record Highs
Artificial intelligence (AI) startups are pulling in unprecedented levels of funding, but some of the world’s largest investors are sounding…
Ghana Inflation Falls to 9.4%, Economist Warns Against “Overstretching” the Fight
Ghana has recorded its first single-digit inflation in four years, as headline consumer prices slowed to 9.4% in September 2025,…
CBN Rate Cut to 27% Puts Pressure on Nigerian Banks’ Profits, Says Moody’s
Global ratings agency Moody’s Investors Service has warned that Nigerian banks could face shrinking profits following the Central Bank of…
Nigeria Becomes Senegal’s Key Crude Supplier Despite New Oil Discovery
Nigeria has emerged as a lifeline for Senegal’s energy sector, supplying the bulk of crude oil to the country’s only…