SEC Joins Forces with Nigeria Police to Tackle Ponzi Schemes and Crypto Fraud
In a decisive move to protect Nigerian investors, the Securities and Exchange Commission (SEC) has officially partnered with the Nigeria…
Category: Business
UBA Share Listing: NGX Confirms 3.16 Billion New Shares Following Rights Issue
The Nigerian Exchange Regulation (NGX RegCo) has officially confirmed the listing of 3.16 billion additional ordinary shares of United Bank…
NUPRC Launches 90-Day Plan to Boost Nigeria’s Oil Output with Faster Approvals
Nigeria’s upstream oil sector is set for a major shake-up as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) unveils a…
Heirs Energies Acquires 20% Stake in Seplat in $500 Million Deal
Heirs Energies Limited, the energy investment firm chaired by business mogul Tony Elumelu, has finalized a major acquisition in Nigeria’s…
Nigerian Manufacturers Aim for 10.2% GDP Contribution in 2026 Amid Policy Optimism
Nigerian manufacturers are entering 2026 with renewed optimism, aiming to boost their sector’s contribution to the country’s Gross Domestic Product…
European AI Chip Stocks Surge as TSMC Posts Record Q4 Profit; ASML Shares Jump 7%
European AI chip stocks led a rally on Thursday, with investors reacting positively to record earnings from Taiwan Semiconductor Manufacturing…
Champion Breweries Redeems N4.21bn Commercial Paper, Strengthening Investor Confidence
Champion Breweries Plc has successfully redeemed its N4.21bn Series 1 Commercial Paper (CP) notes at maturity, part of its broader…
Nigeria Eyes Interest Rate Cuts as Inflation Eases, Offering Relief to Strained Public Finances
Nigeria could soon see relief for its heavily burdened public finances as Finance Minister and Coordinating Minister of the Economy,…
NGX Market Surges N598bn as Investor Optimism Drives Equities Rally
The Nigerian Exchange Limited (NGX) experienced a significant surge on Wednesday, with total market capitalisation rising by N598bn to close…
Swiss Competition Authority Investigates Microsoft Licensing Fee Hikes
Switzerland’s competition watchdog has launched a preliminary probe into Microsoft’s licensing fees, following a wave of complaints from private companies,…
Nigeria on Fastest Growth Track in a Decade, Says World Bank
Nigeria is poised for its fastest economic growth in more than ten years, according to the World Bank. The global…
Dangote Refinery Launches 24-Hour Petrol Loading to Strengthen Nigeria’s Fuel Supply
The Dangote Petroleum Refinery has officially launched 24-hour petrol loading operations, marking a significant milestone in Africa’s largest refinery. This…
FG Orders Banks, Fintechs to Remit 7.5% VAT on Electronic Banking Service Fees from January 19
The Federal Government has directed all banks and fintech companies operating in Nigeria to begin collecting and remitting a 7.5…
NGX Lists 3.16 Billion UBA Shares, Boosting Market Liquidity and Capital Base
The Nigerian Exchange Limited (NGX) has officially listed an additional 3.16 billion ordinary shares of United Bank for Africa (UBA)…
European Markets Set for Higher Open as Greenland Tensions and Iran Developments Shape Investor Sentiment
European markets are expected to open broadly higher on Thursday as investors weigh escalating geopolitical developments alongside corporate earnings and…
Petrol Price Hike Looms in Nigeria as Global Crude Oil Crosses $66 per Barrel
Nigeria could be heading for another round of fuel price increases as global crude oil prices climbed above $66 per…
Africa Startup Funding 2025 Surges: Local Investors and Strong Fundamentals Drive Recovery
Africa’s startup ecosystem staged a strong comeback in 2025, ending a two-year slump as total funding climbed to $3.2 billion,…
Paystack Expands into Banking with Ladder Microfinance Acquisition in Nigeria
Nigeria’s fintech landscape is set to change as Paystack, the Stripe-owned payments giant, officially steps into banking. The company has…
DAPPMAN Confirms 60% National Fuel Supply, Pledges Commitment to Nigeria’s Energy Security
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has confirmed that its members now supply approximately 60% of…
FG Enforces 0.5% Levy on Fuel Wholesalers: What Nigeria’s Downstream Petroleum Sector Needs to Know
The Federal Government of Nigeria has moved to tighten regulatory control over the downstream petroleum sector by enforcing a 0.5%…
Nigeria to Generate $3 Billion Annually from Carbon Market, Says President Tinubu
President Bola Tinubu has announced that Nigeria is set to mobilize between $2.5 billion and $3 billion annually through a…
15 Nigerian States Allocate N10.7tn for Infrastructure Development in 2026
Fifteen Nigerian states are set to invest more than N10 trillion in infrastructure this year, marking a major push to…
European Stocks Soar as Greenland Talks Take Center Stage; BP Flags $5 Billion Q4 Charge
European stocks surged to record levels on Wednesday as investors shifted their focus to high-stakes talks over Greenland’s future. The…
Nigeria-UAE Trade Deal: CEPA Agreement to Liberalize Over 7,000 Products
Nigeria and the United Arab Emirates (UAE) have officially signed a Comprehensive Economic Partnership Agreement (CEPA), signaling a major step…
Statistics Bureau Reviews Inflation Data Standards Amid 31% December Spike Forecast
The National Bureau of Statistics (NBS) has announced a revision in its inflation calculation method, ahead of December’s consumer price…
Nigerian Stock Market Capitalisation Hits N106 Trillion as Investors Gain N1.66 Trillion
The Nigerian stock market surged to new heights yesterday, closing on a bullish note for the seventh consecutive trading session…
NCC Launches Telecom Competition Assessment to Strengthen Nigeria’s Digital Economy
The Nigerian Communications Commission (NCC) has launched a nationwide assessment of competition in Nigeria’s telecommunications sector, aiming to drive innovation,…
Oil Prices Hit Seven-Week High as Fears Grow Over Iran Export Disruptions
Global oil prices settled at their highest levels in seven weeks on Monday as investors grew increasingly concerned that Iran’s…
World Bank Raises Nigeria Growth Forecast to 4.4%, Signalling Strongest Economic Expansion in a Decade
The World Bank has upgraded its outlook for Nigeria’s economy, projecting growth of 4.4 percent in 2026, a sharp increase…
NBS Updates CPI: Modern Consumption Patterns Transform Nigeria’s Inflation Data
The National Bureau of Statistics (NBS) has officially overhauled its approach to measuring inflation, discarding outdated consumption items and refreshing…