Nigeria’s AI Industry Surpasses 120 Startups Amid Funding Challenges
Nigeria’s artificial intelligence (AI) ecosystem is rapidly expanding, now hosting over 120 active startups across sectors like healthtech, fintech, agritech,…
Category: Local
Top 10 Largest Companies in Nigeria by Market Value in 2026: MTN, BUA Foods, Dangote Cement Lead
The Nigerian Exchange (NGX) continues to showcase the strength of the country’s biggest firms, with the top 10 companies now…
Fiscal Reforms Drive Nigerian Capital Market Beyond N125 Trillion – Oyedele
Nigeria’s capital market has surged past N125 trillion, a milestone attributed to ongoing fiscal reforms aimed at strengthening investor confidence…
Global Mobility Boosts Nigeria’s Economy, Not Capital Flight — Optiva Capital Chairman
The rising trend of Nigerians seeking opportunities abroad is fueling economic growth rather than draining national resources, according to Mr.…
Naira Dips to N1,353.5/$ Ahead of 304th MPC Meeting
The Nigerian naira weakened slightly in the official foreign exchange market on Monday, closing at N1,353.5/$, up from N1,348/$ recorded…
NNPC Faces Liquidity Risks After Tinubu’s Oil Revenue Executive Order
Analysts have raised alarms over the potential liquidity crunch for the Nigerian National Petroleum Company Limited (NNPCL) following President Bola…
Nigerian Telecoms Rebound as Banks Settle N300bn USSD Debt, Boosting Investor Confidence
Investor confidence is returning to Nigeria’s telecommunications sector following the resolution of a long-standing N300 billion Unstructured Supplementary Service Data…
NGX Suspends Zichis Agro-Allied Trading Amid Investigation Over Surging Shares
The Nigerian Exchange Limited (NGX) has suspended trading in Zichis Agro-Allied Industries Plc shares, following unusually high price movements since…
Ondo Signs MoUs to Launch Deep Seaport and Fertilizer Plant
The Ondo State Government has taken a major step toward reshaping its economic future with the signing of Memoranda of…
Nigeria Capital Market Contribution to GDP Hits 33% as Market Cap Surges by ₦68.83tn
Nigeria’s capital market has recorded a remarkable expansion, with its contribution to the nation’s Gross Domestic Product rising from 13…
FG Targets $5.7bn China Investment Deal to Boost Power, Mining and Manufacturing
Nigeria’s Federal Government is intensifying efforts to secure a $5.7bn China investment deal aimed at transforming key sectors of the…
NGX Suspends Zichis Agro-Allied Shares After 772% Price Surge
The Nigerian Exchange Limited (NGX) has suspended trading in the shares of Zichis Agro-Allied Industries Plc following an extraordinary 772%…
Mutual Benefits Pays N5.94bn in January Claims, Reinforcing Trust and Financial Strength
Mutual Benefits Insurance Plc has made a remarkable start to 2026, paying a total of N5.94bn in claims to its…
Ellah Lakes Refunds Investors After N235 Billion Public Offer Falls Short
Ellah Lakes Plc has announced it will refund all investors following the unsuccessful conclusion of its N235 billion public offer.…
CBN Set to Ease Rates as Inflation Cools and Naira Strengthens
As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) begins its meeting today, analysts are signaling…
Nigeria’s Capital Market Contribution to GDP Hits 33% as Market Surges Past N123 Trillion
Nigeria’s capital market has recorded a historic surge, with its contribution to the country’s Gross Domestic Product (GDP) climbing to…
Nigeria Allocates 5% of GDP to Industrial Financing in Bold Move to Boost Manufacturing
The Federal Government of Nigeria has unveiled plans to allocate up to 5% of the nation’s Gross Domestic Product (GDP)…
NGX Sees N252bn Equity Trades as Market Cap Hits N125 Trillion
Equity investors on the Nigerian Exchange (NGX) exchanged 7.66 billion shares worth N252.56 billion in 345,118 deals between February 16…
Dangote Refinery Shares to Open to Nigerians in Five Months: Retail Investors to Benefit
Chairman of the Dangote Group, Aliko Dangote, has confirmed that ordinary Nigerians will be able to purchase shares in the…
NGX Weekly Gain: Heavyweight Banking Stocks Drive Historic N8.14trn Market Rally
The Nigerian equities market delivered one of its most remarkable performances in recent years, as investors added a staggering N8.14…
Tinubu Approves N2.8tn for GenCos, Rejects N6tn Electricity Subsidy Claim
President Bola Tinubu has approved N2.8 trillion as the Federal Government’s verified debt to Nigeria’s power generation companies (GenCos), sharply…
PENGASSAN Urges FG to Sell 51% Stake in NNPCL Refineries to Core Investors
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has renewed its long-standing call for the Federal Government…
FG Commits 5% of GDP to Manufacturing Growth Under Nigeria Industrial Plan
The Federal Government has pledged to channel up to five per cent of Nigeria’s Gross Domestic Product annually into industrial…
Nigerian Equities Market Gains N1.698 Trillion as Investors Flock to Blue-Chip Stocks
The Nigerian equities market maintained its positive streak yesterday, recording a remarkable N1.698 trillion gain as portfolio managers and income-focused…
Treasury Bills Oversubscription Hits 272% as Yields Ease at Nigerian Auction
Investors rushed to the Nigerian Treasury Bills primary market on Wednesday, pushing total subscriptions to a staggering N4.28 trillion against…
Tinubu’s Executive Order to Boost FG, State, and LG Revenues by N15tn: Direct Oil and Gas Remittances
President Bola Tinubu’s latest Executive Order is set to transform Nigeria’s oil and gas revenue system, with federal, state, and…
MPC Weighs Policy Easing as Inflation Declines, Analysts Eye Possible Rate Cut
Nigeria’s Monetary Policy Committee (MPC) is preparing for its February 23–24 meeting amid growing debate over whether to cut the…
CBN Pushes for Safer Digital Cross-Border Payments to Boost Financial Inclusion
The Central Bank of Nigeria (CBN) has emphasized the transformative potential of digital cross-border payments while cautioning that weak regulation…
CNG Stations Rollout Falls Short of 2025 Target Despite $2 Billion Investment
Despite securing over $2 billion in private sector funding since 2023, Nigeria’s Compressed Natural Gas (CNG) infrastructure rollout has fallen…
CBN Warns Digital Payment Growth Could Spark Currency Substitution and FX Volatility
The Central Bank of Nigeria (CBN) has raised alarms over the rapid expansion of digital payments, warning that without careful…