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Regulatory Gaps Driving Away African Energy Investors, Warns NUPRC Boss
Regulatory inconsistencies across African countries are threatening to scare off energy investors, the Chief…
CBN Report Reveals Sharp Divide in Nigeria’s Fintech Industry Over Regulatory…
Nigeria’s fintech ecosystem is split down the middle on how supportive the country’s regulatory framework really…
Nigerian Engineers Prove Global Capability with Egina, Ikike Projects –…
Nigeria’s Egina deepwater and Ikike shallow-water oil projects have emerged as strong evidence that Nigerian…
Naira Ends January Stronger at ₦1,386/$ in Official Market as FX Stability…
The naira closed the month of January 2026 on a positive note, strengthening against the United States dollar in…
Profit Up 29%, Rating Down to Junk: The Afreximbank Paradox
Africa’s largest trade finance institution, Afreximbank, is in the spotlight after Fitch Ratings downgraded the…
Nigeria Oil Exports to Drop as Bonga FPSO Undergoes Scheduled Maintenance
Nigeria’s oil exports will decline sharply in February as production from the Bonga Floating Production Storage and…
Nigeria’s Big 10 Stockbrokers Dominate NGX Trading With ₦7.4 Trillion Deals in…
In the fast-moving corridors of the Nigerian Exchange Limited (NGX), power in 2025 was anything but evenly spread.…
Onitsha Main Market Reopens as Sit-at-Home Falters Under Soludo’s Directive
Economic activity returned to life at the Onitsha Main Market on Monday as traders reopened their shops,…
Telecoms Sector Expands with 2,850 New Sites and $1bn Investment in Q4 2025 – NCC…
The Nigerian Communications Commission (NCC) has revealed significant progress in the nation’s telecoms sector,…
Africa’s AI Drive Must Prioritize Human Factors, Expert Warns
Africa’s push to adopt artificial intelligence (AI) risks falling short if governments continue to focus solely on…
NNPC Unveils Gas Master Plan 2026, Targets 20 Million LPG Cylinders by 2030
The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially unveiled its Gas Master Plan (GMP) 2026,…
Nigerian Manufacturers Face 21% Surge in Energy and Raw Materials Costs
Eight major Nigerian manufacturing firms spent a combined N1.01 trillion on energy and raw materials in the nine…
Nigeria Removed from EU High-Risk List After Major Financial Reforms
Nigeria has officially been removed from the European Union’s high-risk list for money laundering and terrorism…
FG Disburses N2.45 Trillion to States for Infrastructure and Security Projects
The Federal Government (FG) has disbursed a total of N2.45 trillion to Nigeria’s 36 states and the Federal Capital…
UACN’s Acquisition of CHI Limited: A Strategic Gamechanger in 2025 Results
UAC Nigeria PLC (UACN) has unveiled its 2025 financial results, revealing a mixed performance that caught many…
NGX All-Share Index Falls 0.09% as Trading Activity Dips Amid Market Shifts
The Nigerian Exchange Limited (NGX) All-Share Index slipped 0.09% last week, closing at 165,370.40 points. Despite…
Nigeria’s Crude Exports to Drop 225,000 BPD as Shell Shuts Bonga FPSO for…
Nigeria’s crude oil exports are set to decline by about 225,000 barrels per day this February due to the planned…
Bank Stocks Drag NGX Lower Despite Fresh Listings Boosting Market Capitalisation
The Nigerian Exchange (NGX) ended the week on a subdued note as sustained selling pressure in banking stocks…
VDL Technologies Sets Sights on Africa, Europe Expansion Amid Nigeria’s Economic…
VDL Technologies has unveiled plans to expand its operations across Africa and Europe as it looks to scale beyond…
Nigeria Gas Flaring Hits 203.9 Billion SCF in 2025 Despite High Utilisation –…
Nigeria continued to struggle with gas flaring in 2025, releasing over 203.9 billion standard cubic feet (SCF) of…
CBN Governor Olayemi Cardoso Engages British International Investment Delegates to…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday, January 28, 2026, welcomed a…
Nigeria’s N58.4 Trillion Budget Passes Second Reading as Senate Tackles Electoral…
The House of Representatives has passed President Bola Tinubu’s N58.4 trillion 2026 budget through its second…
FCMB Records N177bn Profit in 2025, Driven by Strong Lending and Fee Income
FCMB Group Plc has announced a remarkable profit after tax of N177 billion for the year ended December 31, 2025,…
FG’s N9tn Surge in Domestic Loans Crowds Out Private Sector Credit in 2025
Nigeria’s Federal Government sharply increased its domestic borrowing in 2025, drawing N9.19tn from financial…
BUA Foods Reports N508bn Profit After Tax in 2025, Marking 91% Growth
BUA Foods Plc has announced a remarkable N507.7 billion profit after tax for the year ended 31 December 2025,…
Nigeria Telecoms Regulator Removes 450 Illegal Boosters, Fines Operators N45…
The Nigerian Communications Commission (NCC) has stepped up efforts to improve telecom service quality by…
$21bn Capital Inflows Signal Nigeria’s Post-Oil Economic Turning Point
Nigeria may be entering a long-awaited phase of economic recovery, as fresh data points to a decisive shift away…
Naira Strengthens Below N1,400/$ as Official FX Market Records Fresh Gains
Nigeria’s naira has broken below the N1,400-to-the-dollar threshold on the official foreign exchange market…
NGX Market Capitalisation Rises by N232bn on Improved Investor Sentiment
The Nigerian Exchange (NGX) closed trading on Thursday, January 29, 2026, on a positive note as renewed investor…
Nigeria Eyes $400 Billion Commodities Market Through UAE-LCFE Partnership
Nigeria is positioning itself as a key gateway to Africa’s $1 trillion commodities market, aiming to capture $400…