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 payroll, Value…
Category: Business
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 long-held perceptions about African…
AI Deployment Set for Full-Scale Adoption Across Nigeria’s Key Sectors in 2026 – Experts
Artificial intelligence (AI) deployment in Nigeria is expected to transition from experimental pilot projects to full-scale production across key sectors…
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 N570.25 billion ($370 million) in…
Dangote Refinery Denies Shutdown Rumors, Confirms 50 Million Litres Daily Petrol Output
The Dangote Petroleum Refinery has refuted recent reports suggesting it is shutting down for maintenance, assuring Nigerians that petrol production…
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, according to the…
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 at N1,419 per…
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 investment (FPI) and foreign direct investment…
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 investment he has ever…
NGX-ASI Nears Historic 160,000 Points as Nigerian Stock Market Shows Strong Start to 2026
The Nigerian Exchange Limited (NGX) All Share Index (NGX-ASI) is on the verge of making history, approaching the 160,000-point mark…
Nigerian Breweries and FATE Foundation Empower 1,000 Students Through Entrepreneurship Programme
Nigerian Breweries Plc has joined forces with FATE Foundation to empower 1,000 Nigerian students under the Orange Corners Student Ambassadors…
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 by N468 billion. Sustained buying…
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 Greenland weigh on investor sentiment…
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 S.A. (M&P), following the…
Nigeria’s Economy Shows Signs of Stability, but Structural Weaknesses Remain — Yemi Kale
Nigeria’s economy is gradually finding its footing after years of volatility, but deep-seated structural weaknesses continue to hold back inclusive…
SEC to Intensify Market Enforcement in 2026 under ISA 2025 — Boosting Investor Confidence
The Securities and Exchange Commission (SEC) has revealed plans to step up enforcement of market regulations in 2026, following the…
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: the true quality of its…
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 equities market…
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 crude oil prices…
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 former Senator Magnus…
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 Nigerian Exchange (NGX) during…
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 and solid…
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 Expectations Survey (BES) by the…
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 to the…
CBN and NDIC Challenge Court Jurisdiction in Aso Savings & Union Homes License Revocation Dispute
The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) have asked the Federal High Court in…
Nigerian Stock Market Surpasses N100 Trillion as Positive Momentum Drives Gains
The Nigerian stock market marked a historic milestone on January 5, 2026, as its total value soared past N100 trillion,…
Microsoft’s Nadella wants us to stop thinking of AI as ‘slop’
Microsoft CEO Satya Nadella wants the world to rethink artificial intelligence—not as a threat or a messy “slop,” but as…
How Personal Financial Stability Fuels Entrepreneurial Success in Emerging Markets
In volatile economic environments, particularly across emerging markets, entrepreneurs often face more than just business challenges—unstable personal finances can turn…
NNPC Cuts Petrol Price to ₦815 per Litre in Abuja Amid Intensifying Fuel Price War
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reduced the pump price of Premium Motor Spirit (petrol) at its…
European Stocks Poised to Rise as Global Market Sentiment Improves
European stocks are set to open broadly higher on Tuesday, reflecting improving global market sentiment as investors respond to recent…