Nigeria’s $50bn Offshore Oil Investment Push Puts Security in the Spotlight
Nigeria’s ambitious plan to attract between $30 billion and $50 billion in offshore oil and gas investments by 2030 is…
Category: Business
Apple Trains China-Specific AI Model With Alibaba Support
Apple is taking a major step to strengthen its artificial intelligence presence in China by training its own AI model…
IBM and OpenAI Team Up to Accelerate Enterprise AI Adoption
IBM and OpenAI are joining forces to take artificial intelligence deeper into the corporate world, as competition for enterprise AI…
Firm unveils report on Nigeria’s evolving tech laws
EandC Legal, a Nigerian startup and commercial law firm, has launched the Nigerian Technology Law Report 2026, a new publication…
NNPC Says Deep Offshore Tax Order Could Unlock $50bn Investment
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has welcomed the Federal Government’s new Deep Offshore Oil and Gas Projects…
Tinubu Vows to Revive Nigeria’s Refineries, Demands Profitable Operations
President Bola Tinubu has renewed his administration’s commitment to reviving Nigeria’s long-idle state-owned refineries, but made it clear that simply…
China Pledges N40bn Grant to Support Nigeria’s Development
China has pledged more than N40 billion (RMB 200 million) in grant assistance to Nigeria, in a move expected to…
CBN lifts restrictions on FX discount window access
The Central Bank of Nigeria (CBN) has relaxed rules governing banks’ access to its Standing Lending Facility (SLF), commonly known…
DMO Raises N5.86 Billion From August Savings Bond Auction as Investor Demand Shifts
The Debt Management Office (DMO) has raised N5.86 billion through the Federal Government of Nigeria Savings Bond (FGNSB) in its…
Stock Futures Turn Choppy as S&P 500 Sets Fresh Record Above 7,800
U.S. stock futures were mixed on Friday as investors took a breather following another record-breaking session on Wall Street. The…
Five NGX Low-Cap Stocks Surge Over 200% as Retail Investors Chase Big Returns
Five low-cap stocks listed on the Nigerian Exchange Limited (NGX) have delivered eye-catching gains of more than 200 per cent…
NGX Sheds N613bn as Bearish Momentum Continues
The Nigerian Exchange Limited (NGX) extended its recent losing streak on Thursday as continued selling pressure pushed the market lower,…
SEC orders freeze of assets linked to six alleged terrorist financiers, three BDCs
The Securities and Exchange Commission (SEC) has ordered capital market operators across Nigeria to immediately freeze funds, assets and other…
Nigeria’s Oil Production Falls 4% as Hormuz Tensions Raise Fresh Energy Concerns
Nigeria’s oil production slipped by four per cent month-on-month in July, highlighting fresh challenges for the country’s fragile production recovery…
AFC Leads $2.5bn Dangote Refinery Equity Raise as Capacity Target Rises to 1.4m bpd
Africa Finance Corporation (AFC) has led a group of strategic investors in a major $2.5 billion equity raise for Dangote…
DMO to Auction N425bn FGN Bonds as Investors Eye August 17 Offer
The Debt Management Office (DMO) is set to offer N425 billion worth of Federal Government of Nigeria (FGN) bonds to…
Nigeria LNG Targets Growth as Train 7 and New Gas Deals Boost Expansion Plans
Nigeria LNG Limited (NLNG) is looking beyond its recent revenue dip as the gas giant prepares for what could be…
Nigeria’s Oil Output Slips 4% in July but Still Beats OPEC Quota
Nigeria’s crude oil production dropped by about 4 per cent in July, ending months of steady growth, but the country…
Tinubu Explains New Oil Incentives as Nigeria Targets $50bn Deep Offshore Investment
President Bola Tinubu has explained why his administration is rolling out fresh incentives and policy directives to revive investment in…
Gemini Hits 1 Billion Monthly Users as Google Steps Up AI Battle
Google’s Gemini has officially crossed the 1 billion monthly active users mark, giving the technology giant a major boost in…
Tinubu Applauds AfCFTA Backing for Nigeria’s Customs Modernisation Drive
President Bola Tinubu has welcomed the growing continental recognition of Nigeria’s Customs modernisation programme, describing the development as a major…
NGX Woos Hong Kong Investors, Urges Chinese Firms to Consider Dual Listings
The Nigerian Exchange Group (NGX Group) is stepping up its push for international capital by courting investors in Hong Kong…
Stock Futures Rise as Investors Await Fresh U.S. Inflation Data
U.S. stock futures edged higher early Thursday as investors turned their attention to another key inflation report while continuing to…
NGX Loses N1.76tn as BUA Foods, Banking Stocks Lead Sell-Off
The Nigerian Exchange Limited (NGX) came under heavy selling pressure on Wednesday as investors offloaded shares in major consumer goods…
NGX Agro Stocks: What Investors Should Buy, Hold, Watch or Avoid in H2 2026
Nigeria’s agricultural stocks are entering the second half of 2026 with impressive numbers, but investors may need to look beyond…
Consumer Goods Selloff Wipes N1.76 Trillion From NGX as Investors Lock in Gains
The Nigerian Exchange (NGX) extended its losing streak on Wednesday, August 12, 2026, as a sharp selloff in consumer goods…
Nigeria’s Crude Supply Dispute Deepens as Dangote Refinery and NUPRC Clash Over Oil Prices
Nigeria’s long-running dispute over crude oil supplies to the Dangote Refinery has taken a new turn, with the country’s upstream…
West Africa Could Unlock $3tn Energy Market by 2035 Through Regional Integration — Expert
West Africa could build a $3tn cumulative energy market by 2035 if the region’s 16 countries move away from fragmented…
SEC Sets 5pm T+1 Settlement Deadline for Equities, Commodities Trades
The Securities and Exchange Commission has set 5:00 p.m. on the first business day after a transaction (T+1) as the…
African Founders in UK Get New Platform to Pitch, Raise Capital and Build Partnerships
African founders, technology professionals and investors working between the United Kingdom and Africa are set to gain a new platform…