Tinubu Orders Siemens Energy to Upgrade Major Power Substations to Three Phases
President Bola Tinubu has directed Siemens Energy to expand Nigeria’s major power substations from two to three phases, signaling a…
Category: Business
LemFi Esewa Remittance Partnership Approved by Nepal Central Bank to Boost Money Transfer
LemFi, through RightCard Payment Services Limited, has secured approval from Nepal Rastra Bank, the Central Bank of Nepal, to partner…
Nigeria Crude Oil Earnings Drop by N824.66 Billion in 2024 Despite Revenue Growth
Nigeria’s crude oil and gas sector experienced a significant decline in profitability in 2024, with gross earnings falling by N824.66…
Nigerian Stocks Fall as Profit-Taking Wipes Out ₦471.99bn — NGX Opens Week on Bearish Note
The Nigerian stock market opened the week on a bearish note, with the Nigerian Exchange Limited (NGX) recording a ₦471.99bn…
European Stocks Rise as U.S. Government Shutdown Nears Resolution
European markets opened higher on Tuesday as hopes grew that the prolonged U.S. government shutdown could soon be over. The…
Crucial Things to Consider When Buying Shares in Nigeria’s Stock Market
Investing in stocks remains one of the most powerful ways to build wealth, but it requires strategy, discipline, and knowledge.…
Dangote Refinery’s Price Slash May End Petrol Imports in Nigeria as Marketers Shift Focus to Local Supply
Nigeria’s petroleum market is bracing for a major shift as marketers consider halting petrol imports following a fresh price cut…
Nigerian Banks Earn Record N14.7tn Interest Income in Nine Months Amid High-Rate Economy
Nine of Nigeria’s biggest banks collectively earned a staggering ₦14.7 trillion in interest income between January and September 2025, according…
Lagos State Launches N214.8bn Bond to Fund Infrastructure and Green Projects
Lagos State has officially launched a dual bond offering worth N214.8 billion, marking its largest capital market move to date.…
European Markets Rally as U.S. Government Shutdown Hopes Boost Investor Confidence
European markets opened sharply higher on Monday, driven by growing optimism that a U.S. government shutdown could soon end. The…
Nigeria Seeks $500 Million World Bank Loan to Boost MSME Financing
The Federal Government of Nigeria has formally requested a $500 million loan from the World Bank to improve financing for…
Dollar Inflows Into Nigeria Jump 62% in October, Boosting Investor Confidence
Nigeria’s foreign exchange market recorded a major rebound in October as total dollar inflows into Nigeria climbed by 62.2 percent…
Nigeria’s Crude Oil Earnings Plunge 43% Despite Production Rebound
Nigeria’s crude oil and gas profits dropped sharply by 43 per cent in 2024, falling to ₦1.08 trillion from ₦1.9…
HEDA Urges Tinubu to Suspend 15% Fuel Import Tariff Amid Worsening Economic Hardship
The Human and Environmental Development Agenda (HEDA Resource Centre) has urged President Bola Ahmed Tinubu to suspend the implementation of…
Nigeria’s Crude Oil Earnings Plummet 43% Despite Rising Production in 2024
Nigeria’s earnings from crude oil and gas sales plunged by 43% in 2024, even as production increased, highlighting persistent fiscal…
Dollar Weakens on Hopes of U.S. Government Shutdown Ending Soon
The U.S. dollar weakened on Monday as investor optimism grew over a potential end to the prolonged government shutdown. The…
FG Exceeds 2025 Borrowing Target by 55.6%, Raising Debt Sustainability Concerns
The Federal Government of Nigeria has borrowed N17.36 trillion from domestic and foreign sources in the first ten months of…
Nigeria, IMF Strengthen Partnership on 2026–2030 Economic Reforms
Nigeria is intensifying its collaboration with the International Monetary Fund (IMF) as it charts a course for robust, reform-driven economic…
National Payment Stack Executes First Bank-Fintech Transaction in Nigeria
The National Payment Stack (NPS) has achieved a major milestone in Nigeria’s digital finance landscape by completing its first transaction…
Dangote and Fuel Depots Slash Petrol Prices in Fresh Market Battle
Nigeria’s downstream fuel market is witnessing a fresh price war as Dangote Refinery and private depot operators cut gantry prices…
ABCON Calls on CBN to Empower BDCs, Boost Forex Inflows and Stabilise Naira
The Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to empower…
Inflation and Rising Costs Threaten Nigeria’s Industrial Growth, CANMPEF Warns
The Chemical and Non-Metallic Products Employers Federation (CANMPEF) has raised fresh concerns over the worsening economic environment, warning that inflation,…
Nigerian Stock Market Remains Cautious After ₦2.83 Trillion Loss as Investors Rebalance Portfolios
After a sharp ₦2.83 trillion loss last week, the Nigerian stock market is expected to trade cautiously this week as…
NGX Strengthens Africa’s Islamic Finance Leadership with Expansion of Non-Interest Finance Board
The Nigerian Exchange Limited (NGX) has reaffirmed its leadership in advancing Africa’s Islamic finance landscape with the strategic expansion of…
Nigeria Hosts Practical Nigerian Content Forum 2025 to Drive Local Content Growth and Energy Investment
Nigeria is strengthening its position as a leader in local content development across Africa, as the country prepares to host…
AI and Cloud Computing Fuel Global Data Centre Construction Boom — But Risks Are Rising
A new report by Allianz Commercial reveals that artificial intelligence (AI) and cloud computing are driving a record-breaking boom in…
Shell Awards Offshore Gas Development Deal to Halliburton in Boost for Nigeria’s LNG Future
Shell Nigeria Exploration and Production Company (SNEPCo) has awarded Halliburton an integrated drilling and completion services contract for the development…
Nigeria Risks Oil Production Decline Without New Discoveries, NAPE Warns
Nigeria’s oil production could face a steep decline in the coming years if the country fails to make new crude…
Nigeria, Germany Deepen Skills and Tech Partnership to Power $1 Trillion Economy Goal
Nigeria is strengthening its partnership with Germany to accelerate its drive toward a $1 trillion economy by 2030. The collaboration…
European Markets Stay Flat as AI Valuation Jitters Weigh on Stocks; Novo Nordisk Slips After Drug Price Deal
European stocks were largely unchanged on Friday, with major indices struggling to recover from Thursday’s losses as investors grew cautious…