Ellah Lakes Secures SEC Approval for ₦235 Billion Public Offer to Drive Tolaram’s ARPN Acquisition
Ellah Lakes Plc has received the green light from Nigeria’s Securities and Exchange Commission (SEC) to proceed with its ₦235…
Category: Business
Ghana Reference Rate Rises Slightly to 17.93% in November as Market Pressures Ease
The Ghana Reference Rate (GRR) — the key benchmark used by commercial banks to set lending rates — has edged…
Tesla Shareholders Approve Elon Musk’s Record $1 Trillion Pay Package Amid Controversy
Tesla shareholders have officially approved CEO Elon Musk’s record-breaking $1 trillion pay package, solidifying his position as one of the…
Northern Manufacturers Applaud 15% Fuel Import Tariff as Boost for Local Refining and Economic Growth
Industrialists across Northern Nigeria have endorsed the Federal Government’s introduction of a 15% import duty on petroleum products, describing the…
Nigeria’s Top Banks Earn N4.8 Trillion from Fixed-Income Investments in 9 Months
Nigeria’s biggest lenders — First HoldCo, UBA, GTCO, Access Corporation, and Zenith Bank, collectively known as FUGAZ — have raked…
Nigerian Stock Market Sheds N1.8 Trillion in Four Days Amid Capital Gains Tax Jitters and Trump’s Threat
The Nigerian Exchange (NGX) suffered another bruising week as panic-driven sell-offs erased about N1.8 trillion in market value within just…
Over 700 SMEs Receive ₦1.1 Trillion Boost as Nigeria’s Impact Investing Market Gains Momentum
Over 700 small and medium enterprises (SMEs) across Nigeria have received a combined ₦1.1 trillion in funding through development finance…
China and Nigeria Strengthen Economic Partnership to Boost Global Supply Chain Stability
China has reaffirmed its commitment to bolstering economic and industrial cooperation with Nigeria, with a pledge to inject new energy…
Nigeria Poised for Oil Output Boost as NUPRC Confirms Readiness of EMEM FPSO Vessel
Nigeria’s crude oil output is set for a major surge as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced progress…
U.S. Dollar Falls as Weak Jobs Data Sparks Rate Cut Bets
The U.S. dollar fell sharply in early Asian trading on Friday, leading losses across major currencies as investors digested weak…
UPDC, FCMB Lead Market Gainers as All-Share Index Slips 0.36% Amid Weak Trading Activity
The Nigerian stock market closed on a bearish note on Thursday, November 6, 2025, as the All-Share Index fell by…
Inflation Pushes More Nigerians Into Energy Poverty, Says NISO
Rising inflation and falling household incomes are driving millions of Nigerians deeper into energy poverty, despite being connected to the…
Oando suspends petrol imports as Dangote raises output
Oando Plc has officially suspended its petrol importation amid the rising influence of the Dangote Refinery, which continues to reshape…
Tinder to use AI to get to know users, tap into their Camera Roll photos
Tinder is betting big on artificial intelligence to revive its slowing growth. After reporting nine consecutive quarters of declining paid…
Nigeria’s GDP Forecast to Grow 3.7% in Q4 2025 as Fiscal Reforms Boost Revenue and Investor Confidence
Nigeria’s economy is set to close 2025 on a positive note, with analysts projecting a 3.7% Gross Domestic Product (GDP)…
Federal Government Launches Digital Project Board to Boost Nigeria’s Equipment Leasing Industry
The Federal Government has inaugurated a ministerial project approval board to drive digital transformation in Nigeria’s equipment leasing sector. The…
Afreximbank Pushes for Stronger Trade Finance to Drive Inclusive Growth Across Africa
The African Export-Import Bank (Afreximbank) has reiterated its commitment to strengthening trade finance across the continent to unlock inclusive and…
Nigerian Stock Market Suffers N1.3 Trillion Loss as Sell Pressure Deepens
The Nigerian stock market faced another tough session as sustained sell-offs dragged the market further into negative territory. Investors continued…
Asia-Pacific Stocks Rise as AI Boom Fuels Market Rebound; Japan and Hong Kong Lead Gains
Asia-Pacific markets advanced on Thursday, echoing Wall Street’s strong performance as artificial intelligence (AI)-linked stocks bounced back following solid earnings…
Investors Lose N1.3 Trillion as Market Anxiety Deepens Amid Policy Uncertainty and Global Tensions
The Nigerian stock market took a sharp tumble on Wednesday, with investors losing a staggering N1.3 trillion in market value…
$500m Sukuk Boosts Ethical Finance Growth in Nigeria – SEC
The Securities and Exchange Commission (SEC) has announced that the approval of a $500 million international Sukuk marks a significant…
Nigeria to Invest ₦12 Billion in Digital Economy Research as Telecom Sector Sees Surge in Subscriptions
The Nigerian government has unveiled plans to invest ₦12 billion in digital economy research and telecom infrastructure, signaling a major…
Nigeria’s Non-Interest Capital Market Surges to ₦1.6 Trillion as SEC Pushes Ethical Finance Growth
Nigeria’s non-interest capital market has expanded to over ₦1.6 trillion, highlighting its increasing impact on financial inclusion and infrastructure financing.…
CBN’s Fixed Income Reform Sparks Regulatory Tension as Banks Rake In ₦4.8 Trillion from Securities
The Central Bank of Nigeria’s (CBN) plan to assume control over the nation’s fixed-income market has ignited regulatory tension within…
European Markets Struggle for Direction as Earnings Season and Rate Decisions Take Center Stage
European stock markets opened cautiously on Thursday, with investors treading carefully amid a wave of corporate earnings and upcoming central…
Nigeria’s Telecom Subscribers Hit 173 Million as Broadband Expansion Gains Momentum
Nigeria’s telecommunications industry continued its upward trajectory in the third quarter of 2025, with active phone subscriptions reaching 173.54 million…
OPEC Urges Nigeria to End Crude Exports, Focus on Local Refining and Value Creation
The Chairman of the OPEC Board of Governors for 2025, Adeyemi-Bero, has called on Nigerian oil producers to stop the…
Senate uncovers $303bn crude oil diversion under NNPC’s DSDP scheme
A forensic review conducted by consultants to the Senate Ad-hoc Committee on oil theft has uncovered staggering financial irregularities amounting…
Nigerian Eurobond oversubscribed by 400% despite Trump’s threat
The Eurobond issued yesterday was oversubscribed four times, signaling deep investor confidence despite lingering geopolitical tension from Trump’s threat. The…
Nigeria’s $2.25bn Eurobond Oversubscribed Amid Strong Investor Confidence
Nigeria has successfully returned to the international capital market with a $2.25 billion Eurobond issuance, drawing overwhelming investor demand despite…