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Business
Nigerian Stock Market Gains N409.66bn on Seplat, Boosting Investor Confidence
The Nigerian Stock Market recorded a strong bullish trend yesterday, adding N409.66 billion to market…
Samsung Profit Set to Triple to Record High Amid AI-Driven Chip Boom
Samsung Electronics has projected a staggering three-fold increase in its fourth-quarter operating profit, marking…
Naira Hits Record High of N1,418.26 as EFEMS Reforms Boost Market Confidence
The naira reached a record high of N1,418.26 against the US dollar in the official foreign exchange market on…
Ghana’s Inflation Falls to Four-Year Low as Currency Surges
Ghana’s annual inflation eased to 5.4 percent in December 2025, marking the lowest rate since a consumer price…
European defense stocks extend rally amid geopolitical tensions; Leonardo jumps 4%
European defense stocks extended their rally on Thursday as investors reacted to rising geopolitical…
Oil Prices Fall as Trump Moves to Secure $2bn Venezuelan Crude Supply
Global oil prices slipped on Wednesday as markets reacted to signals of a potential supply surge after US President…
Nigeria Tax Reforms: Why Businesses Must Prioritise Payroll, VAT Compliance
Nigeria’s full implementation of sweeping tax reform laws is ushering in a new compliance era for businesses, with…
Moniepoint Founders Redefine African Fintech as Company Earns TIME100 Recognition
The founders of Moniepoint Inc., Tosin Eniolorunda and Felix Ike, are receiving widespread praise for challenging…
AI Deployment Set for Full-Scale Adoption Across Nigeria’s Key Sectors in 2026 –…
Artificial intelligence (AI) deployment in Nigeria is expected to transition from experimental pilot projects to…
Nigeria Electricity Companies’ Revenues Surge 22% Amid Persistent Blackouts
Nigeria’s electricity distribution companies recorded a surprising 22% jump in revenues, collecting a total of…
Dangote Refinery Denies Shutdown Rumors, Confirms 50 Million Litres Daily Petrol…
The Dangote Petroleum Refinery has refuted recent reports suggesting it is shutting down for maintenance, assuring…
Nigeria Electricity Subsidy Nears N2tn as Power Sector Struggles Persist
Nigeria’s electricity subsidy reached nearly N2 trillion in the 12 months between October 2024 and September 2025,…
Naira Strengthens by 7.5% in 2025, Hits N1,419 at Official Market
Nigeria’s currency capped a remarkable year in 2025, strengthening at the official foreign exchange market to close…
Investor Confidence Drives Nigeria’s Foreign Inflows to $14bn in 2025
Nigeria’s foreign investment landscape received a significant boost in 2025, with combined foreign portfolio…
Tony Elumelu Calls His Foundation the “Best Investment” for Africa’s Future
Billionaire investor and philanthropist Tony Elumelu has described the Tony Elumelu Foundation (TEF) as the best…
NGX-ASI Nears Historic 160,000 Points as Nigerian Stock Market Shows Strong Start…
The Nigerian Exchange Limited (NGX) All Share Index (NGX-ASI) is on the verge of making history, approaching the…
Nigerian Breweries and FATE Foundation Empower 1,000 Students Through…
Nigerian Breweries Plc has joined forces with FATE Foundation to empower 1,000 Nigerian students under the Orange…
NGX Surges N468bn as New Year Rally Boosts Investor Confidence
The Nigerian Exchange (NGX) extended its early-year momentum on Tuesday, with total market capitalisation climbing…
European Markets Set for Mixed Open as Trump’s Greenland Threat Rattles Investors
European stock markets are expected to open mixed on Wednesday, as growing geopolitical concerns surrounding…
M&P Exits Seplat Energy as Heirs Group Acquires 20% Stake
Seplat Energy Plc has confirmed the complete exit of its founding shareholder, Etablissements Maurel & Prom…
Nigeria’s Economy Shows Signs of Stability, but Structural Weaknesses Remain —…
Nigeria’s economy is gradually finding its footing after years of volatility, but deep-seated structural weaknesses…
SEC to Intensify Market Enforcement in 2026 under ISA 2025 — Boosting Investor…
The Securities and Exchange Commission (SEC) has revealed plans to step up enforcement of market regulations in…
Nigerian Banks Face Reality as CBN Ends COVID-Era Loan Forbearance
After nearly five years of regulatory leniency, Nigeria’s banking sector is confronting a long-postponed reality:…
NGX Crosses N100 Trillion Market Cap as Equities Rally 1.74% in 2026 Kickoff
The Nigerian Exchange (NGX) began 2026 on a high note, with investor optimism and broad-based buying lifting the…
Venezuela Oil Prices Fall to $61 Amid Political Instability
The global oil market is feeling the ripple effects of Venezuela’s ongoing political and economic instability, with…
Tinubu Appoints New Boards for Nigeria’s Oil Regulators, Magnus Abe to Chair NUPRC
President Bola Tinubu has taken a significant step to strengthen Nigeria’s oil and gas governance by nominating…
Chapel Hill, CardinalStone Lead Nigerian Exchange Trading in Q4 2025
Chapel Hill Denham Securities Ltd and CardinalStone Securities Ltd emerged as the leading stockbrokers on the…
Global Markets Surge on AI Optimism as Oil Prices Stabilize
Global stock markets opened the new year on a strong note, driven by renewed optimism in artificial intelligence…
Business Confidence in Nigeria Soars Amid Insecurity and High Taxes
Nigerian businesses are stepping into 2026 with renewed optimism, according to the December 2025 Business…
Nigeria’s Business Activity Expands for 12th Month Amid Rising Caution
Nigeria’s business activity continued its growth streak for the twelfth month in a row in December 2025, according…