CBN Warns Nigeria’s Fintech Sector Faces Risks from Heavy Foreign Investment Dependence
Nigeria’s fintech sector, one of Africa’s fastest-growing industries, continues to rely heavily on foreign investment, leaving it exposed to global…
Category: Business
Nigeria’s 2026 Budget: N4.23 Trillion Allocated to 50 Key Capital Projects
Nigeria’s proposed 2026 federal budget outlines a bold plan to allocate N4.23 trillion to roughly 50 major capital projects, spanning…
Japan’s Nikkei 225 Surges Past 57,000 After Prime Minister Takaichi Wins Historic Mandate
Japan’s stock market soared to record levels on Monday as investors reacted to Prime Minister Sanae Takaichi’s landmark election victory.…
Why Nigeria’s Refineries Failed: NNPC CEO Blames Focus on Contracts Over Operations
Nigeria’s state-owned refineries have struggled for decades because successive managers prioritized financing and engineering contracts over the actual running of…
RT Briscoe Leads NGX Gainers as Market Turnover Hits N128 Billion in One Week
The Nigerian Exchange Limited (NGX) recorded a significant uptick in trading activity last week, with a total of 3.86 billion…
FG Strengthens Gas-to-Power Linkage to Boost Electricity Supply in Nigeria
The Federal Government (FG) has renewed its focus on strengthening Nigeria’s gas-to-power sector as part of a broader strategy to…
Dangote Cement Aims for 90 Million Tonnes to Make Africa Self-Sufficient
Dangote Cement Plc is doubling down on its mission to make Africa fully self-sufficient in cement production, a move set…
CBN Reforms Propel Nigeria Off EU High-Risk List, Boosting Global Financial Confidence
Nigeria has officially been removed from the European Union’s high-risk list for money laundering and terrorism financing, a landmark achievement…
Nigerian Stocks Surge: NGX Tops 171,000 as Heavyweight Shares Drive Weekly Gains
The Nigerian stock market recorded its strongest weekly performance in 2026, driven by gains in heavyweight stocks. The NGX All-Share…
BoI Receives CBN Approval to Launch Non-Interest Banking Window in Nigeria
The Bank of Industry (BoI) has received regulatory approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest…
Investors Gain N4.08 Trillion as Nigerian Stocks Surge Amid Market Optimism
Investors on the Nigerian Exchange (NGX) enjoyed a profitable week, pocketing approximately N4.08 trillion as share prices continued their upward…
World Bank Cuts CBN Grant to $6.8m, Approval Set for March
The World Bank has reduced a proposed grant to the Central Bank of Nigeria (CBN) from $10.50m to $6.80m, with…
LG Bets on AI Appliances to Drive Sales Growth in Middle East and Africa
LG Electronics is ramping up its push into artificial intelligence–powered home appliances as it seeks to boost sales and defend…
Petrol Prices Drop Along Lagos–Ibadan Expressway as Retailers Battle for Customers
Petrol prices have dropped across parts of the Lagos–Ibadan Expressway as filling stations intensify competition to retain customers, offering lower…
How Nigeria Can Turn Gas into Power and Economic Growth – Experts Outline Path
As Nigeria observes Gas Day at NIES 2026, energy regulators and government officials are calling for decisive action to turn…
Nigeria Launches National Halal Economy Strategy to Capture $1.5 Billion Global Market Share
Nigeria has officially entered the global halal economy race, unveiling its National Halal Economy Strategy in Abuja yesterday. President Bola…
MTN in Advanced Talks to Acquire IHS Towers Stake in $2.76 Billion Deal
MTN Group has revealed that it is in advanced talks to acquire the remaining stake in IHS Towers that it…
Kenya Opens 50 New Oil and Gas Blocks to Investors in H2 2026
Kenya is making a bold push to rejuvenate its upstream oil and gas sector in 2026, aiming to attract fresh…
BoG and Bank of Rwanda Launch Fintech Passport to Boost Cross-Border Payments in Africa
The Bank of Ghana (BoG) and the Bank of Rwanda are taking a major step toward enhancing financial integration in…
FG Reviews National Agricultural Growth Scheme as Produce Hits N2.31 Trillion
The Federal Government has launched a detailed review of the National Agricultural Growth Scheme (NAGS) and Agro-Pocket Project following the…
Trust Deficit Threatens Nigeria Tax Reform as Citizens Link Compliance to Service Delivery
A growing trust deficit is threatening the success of Nigeria’s latest tax reform, as citizens increasingly link compliance to tangible…
Nigerian Oil Marketers Petition FCCPC Over Alleged Dangote Refinery Price Manipulation
A consortium of Nigerian downstream oil marketers has formally petitioned the Federal Competition and Consumer Protection Commission (FCCPC), urging the…
Nigeria’s Business Confidence Slumps in January Amid Rising Costs and Weak Consumer Demand
Nigeria’s business environment faced mounting challenges in January 2026, as rising operational costs and weakening consumer demand slowed economic activity…
Ghana Eyes Cheaper Fuel from Dangote Refinery as Nigeria Strengthens Its Status as Africa’s Energy Hub
Ghana is exploring ways to secure a more affordable fuel supply from Nigeria, leveraging the country’s growing position as a…
NGX-ASI Breaks 170,000 Points as Investor Buying Surges
The Nigerian stock market achieved a historic milestone on Thursday as the All-Share Index (NGX-ASI) surged past the 170,000-point mark,…
Elon Musk Pushes Ambitious Plan for Orbital AI Data Centers
Elon Musk is taking a bold step toward the future of computing by proposing orbital AI data centers. On Friday,…
2026 Budgets: Lagos Tops As States’ Spending Jumps 45% To N37 Trillion
Nigeria’s 2026 budget cycle is shaping up to be one of the most ambitious in recent years, as proposed spending…
Nigerian Equities Market Gains N1.27 Trillion as Renewed Buying Interest Lifts Stocks
The Nigerian equities market extended its bullish run on Thursday, adding N1.27 trillion in value as renewed buying interest swept…
Dangote Refinery Warns Coastal Fuel Logistics Could Push Petrol Prices to ₦1,000 Per Litre
Dangote Petroleum Refinery has warned that continued dependence on coastal logistics for fuel distribution could drive petrol pump prices as…
Nigeria Treasury Bills Auction Hits ₦4.59 Trillion as Investors Pile In
Nigeria’s Treasury Bills (NTB) market saw an extraordinary surge in investor appetite at the latest primary market auction, with total…