Trump Opens Path for Crypto and Alternative Assets in Retirement Accounts
President Donald Trump has directed U.S. regulators to explore changes that would allow Americans to use retirement accounts like 401(k)s…
Category: Business
One-Year T-Bill Yields Edge Up to 19.76% as DMO, Investors Wrestle Over Rates
In a shift from recent trends, the yield on Nigeria’s one-year treasury bills rose to 19.76% at the latest primary…
Asia-Pacific Markets Mostly Rise as Trump Threatens 100% Tariff on Imported Chips
Asia-Pacific stock markets closed mostly higher on Thursday after U.S. President Donald Trump vowed to impose a 100% tariff on…
NCC Warns Over 1,000 Weekly Fibre Cuts Threatening Nigeria’s Economic Stability and National Security
The Nigerian Communications Commission (NCC) has sounded an alarm over the widespread sabotage of telecommunications infrastructure across Nigeria, reporting over…
OpenAI Launches GPT-5, Boosts ChatGPT Power for 700 Million Users Worldwide
OpenAI has unveiled its newest artificial intelligence model, GPT-5, marking a significant milestone in the evolution of its ChatGPT platform.…
Insurance, Consumer Goods Lead NGX Rally as Market Gains N479bn Amid Reform Bill Boost
The Nigerian Stock Exchange (NGX) witnessed a significant rally on Thursday, August 7, 2025, as the market capitalization rose by…
CBN Targets Legal Action Against FX Contract Violators After Forensic Audit
The Central Bank of Nigeria (CBN) has announced its intention to pursue legal action against entities found to have violated…
NGX Nears ₦100 Trillion as 35 Stocks Deliver Up to 500% Gains in 2025
The Nigerian Exchange Limited (NGX) is witnessing an extraordinary bull run in 2025, as 35 listed companies have posted returns…
Airtel to Build Nigeria’s Largest 38MW Data Centre in Eko Atlantic to Power Cloud and AI Boom
Airtel Nigeria has announced plans to construct a 38-megawatt hyperscale data centre in Lagos, marking what will become the largest data centre in…
Nigeria’s FDI Plummets 70% in Q1 2025 as Foreign Investors Flock to Short-Term ‘Hot Money’ Opportunities
Foreign Direct Investment (FDI) into Nigeria dropped sharply by 70.06% in the first quarter of 2025, falling to $126.29 million…
CBN Concludes Audit of Failed FX Deals, Refunds Banks in Naira Amid Ongoing FX Market Reforms
The Central Bank of Nigeria (CBN) has officially concluded its forensic audit into undelivered and unverified forward foreign exchange (FX)…
MTN, Airtel Earn Big as Nigerians Prioritize Data Over Daily Necessities
MTN Nigeria and Airtel Nigeria have reported record-breaking earnings from data services in Q2 2025, driven by skyrocketing mobile internet…
Chinese Exporters Sell Record $132.5B in Yuan Options Amid Currency Stability and Weak Dollar
Surge in Currency Derivative ActivityChinese firms, particularly exporters, sold a record-breaking $132.5 billion worth of dollar/yuan currency options in the…
Headline: Naira Stability and Easing Inflation Drive N329bn Revenue Surge for Nigeria’s Top Palm Oil Firms
Nigeria’s two largest oil palm producers, Presco Plc and Okomu Oil Palm Company Plc, recorded a combined N329 billion in revenue in the first half…
Nigerian Stock Market Hits N92.25tn Market Cap Amid Bullish Momentum
The Nigerian equities market continued its upward trajectory on Wednesday, with strong investor confidence boosting the All-Share Index (ASI) by…
Foreign Investors Dump ₦576bn in Nigerian Stocks Amid Market Volatility and Policy Uncertainty
Between January and June 2025, foreign investors withdrew ₦576.09 billion from the Nigerian Exchange (NGX), an 85% increase compared to…
Nigeria’s Oil Output Hits 1.78mbpd in July, Cuts Revenue Deficit as Industry Pushes for Energy Reform
Nigeria’s crude oil production rose to 1.78 million barrels per day (mbpd) in July 2025—the highest output recorded so far…
Nigeria’s Energy Heavyweights to Convene at 2025 Gas Investment Forum to Drive Industrialisation
Nigeria is set to host the 2025 edition of the Gas Investment Forum (GIF), a pivotal event aimed at boosting…
HP Deploys AI-Powered Cybersecurity to Shield Nigerian Businesses Amid Rising Digital Threats
As cyberattacks surge in Nigeria, global tech giant HP has unveiled a range of artificial intelligence (AI)-powered cybersecurity tools to…
European Pharma Stocks Slide Amid Trump Tariff Threats and Bayer’s Legal Woes
European pharmaceutical stocks took a hit on Wednesday after former U.S. President Donald Trump threatened tariffs of up to 250%…
BUA Cement Leads Market Rally as NSE Capitalisation Soars by N458 Billion
The Nigerian equities market continued its bullish momentum on Tuesday, August 6, 2025, driven by strong investor interest in BUA…
COPEC Opposes Proposed 20% Transport Fare Hike, Cites Stable Fuel Prices
The Chamber of Petroleum Consumers (COPEC) has firmly rejected reports of a proposed 20% increase in public transport fares set…
Telcos Pump N824.7bn into Network Expansion Amid Subscriber Outrage over Poor Service
Nigeria’s leading telecom operators, MTN and Airtel, have collectively invested over N824.7 billion in network infrastructure and expansion in the first half…
Naira Holds Firm Despite Dip in FX Inflows: Analysts Cite Strong Reserve Build-Up, Investor Sentiment
The Nigerian naira maintained its stability despite a recent decline in foreign exchange (FX) inflows, according to market data and…
Nigeria’s Banking Sector Attracts $3.1bn as Capital Inflows Surge, Manufacturing Slumps
Capital importation into Nigeria jumped to $5.64 billion in the first quarter of 2025, marking a 67.12% increase from the…
OpenAI Targets $500 Billion Valuation in Employee Share Sale Amid Soaring Growth
OpenAI, the developer behind ChatGPT, is reportedly exploring a new stock sale that could value the company at an astonishing…
Asian Markets Edge Higher Amid U.S. Tariff Tensions and Fed Rate Cut Expectations
Asian stock indexes made modest gains on Wednesday, with Japan and Australia outperforming regional peers. Investors appeared to shrug off…
Suitroh Partners with Banks to Launch X-Inventory, Boost SME Financing and Supply Chain Efficiency
Suitroh Nigeria Limited, a fintech-driven logistics company, has unveiled a new digital trade platform called X-Inventory, aimed at improving supply…
Nigeria Becomes 4th Most Expensive Country to Borrow in Africa as Interest Rates Soar
Nigeria has emerged as the fourth most expensive country to borrow in Africa, according to a new report by Nairametrics…
FCMB Group Reports N79.3bn Half-Year Profit in 2025, Driven by Strong Digital Growth and Higher Interest Income
FCMB Group Plc has reported a profit before tax of N79.3 billion for the first half of 2025, marking a 23% year-on-year increase,…