Chams Enters Nigeria’s AI Infrastructure Race with New Subsidiary ChamsCorp
Chams Holding Company Plc, one of Nigeria’s pioneering technology firms, has officially launched a new subsidiary, ChamsCorp Plc, signaling its…
Category: Local
FG to Review $6.2 Billion MTN-IHS Deal Amid Telecoms Sector Risks
The Federal Government of Nigeria has announced plans to closely scrutinise MTN Group’s proposed $6.2 billion acquisition of IHS Holding…
Petralon Energy Hits First Oil at Dawes Island, Wins Shell Backing
Petralon Energy has officially struck first oil at its Dawes Island Field, earning strong backing from Shell Western Supply and…
Nigeria Loses N1.76 Trillion After Missing OPEC Crude Oil Quota
Nigeria’s oil sector suffered a staggering N1.76 trillion loss in potential revenue after failing to meet the Organisation of the…
CBN Remains Sole Authority on Exchange Rates for Trade, Clarifies Nigeria Customs
The Nigeria Customs Service (NCS) has clarified that it does not independently set or adjust exchange rates used for import…
FG Launches GROW Fund to Empower 6,122 Young Entrepreneurs in Nigeria
The Federal Government of Nigeria has officially launched the GROW Fund, a financing initiative aimed at supporting more than 6,000…
Tinubu Advocates for Fairer African Financial System to End High Borrowing Costs
President Bola Tinubu has called for a more equitable global financial system, highlighting that African countries continue to pay disproportionately…
Nigeria’s Stock Market Rally Signals Strong Economic Growth, Says President Tinubu
President Bola Tinubu has highlighted the sustained rally in the Nigerian stock market as a clear reflection of the country’s…
NGX Market Capitalisation Falls to N121.55tn as Banking Stocks Trigger Sell-Off
The Nigerian equities market closed lower on Tuesday, ending a multi-day rally as investors took profits in major banking stocks.…
No Power, No Growth: Aliko Dangote Urges Urgent National Retreat to Fix Nigeria’s Electricity Crisis
The President and Chairman of Dangote Industries Limited, Aliko Dangote, has warned that Nigeria cannot achieve meaningful economic growth without…
Data Privacy Concerns Threaten Nigeria’s Financial Inclusion Drive
Growing concerns about data privacy in Nigeria’s financial inclusion efforts are emerging as a major obstacle to bringing millions into…
PenCom Equity Limits Reform Sparks N1 Trillion Liquidity Surge on NGX
Nigeria’s stock market is witnessing a powerful surge after the National Pension Commission (PenCom) revised the equity exposure limits for…
Nigeria’s Gas Market in 2025: Exports Surpass Domestic Sales, Driving Sector Growth
Nigeria’s gas sector saw a remarkable performance in 2025, with exports overtaking domestic sales for the first time in recent…
Ghana Needs National Agriculture Database to Protect Farmers and Stabilize Markets, Says Agribusiness Chamber
The Chief Executive Officer of the Chamber of Agribusiness Ghana, Anthony Morrison, has urged the government to establish a comprehensive…
FGN Savings Bond Records N5.9bn in February 2026 Subscriptions, Three-Year Tenor Leads Demand
The Federal Government of Nigeria (FGN) has successfully raised N5.913 billion from retail investors through its February 2026 Savings Bond…
Nigerian Stock Market Surges N6.79 Trillion as PenCom Raises Pension Fund Equity Limits
The Nigerian stock market recorded a remarkable gain of N6.79 trillion in its week-on-week performance, driven by the National Pension…
Nigeria Tax Reform Committee Clarifies No 25% Levy on Construction or Bank Funds
The Presidential Fiscal Policy and Tax Reforms Committee has dismissed circulating claims of a 25 per cent tax on building…
Universal Insurance Deposits N1.5bn with CBN to Meet Recapitalisation Requirement
As the deadline for insurance companies to meet the new minimum capital requirements approaches, several firms are finalizing compliance with…
Naira Strengthens to N1,347/$ as Official and Parallel Rates Narrow – Market Convergence Continues
The naira made significant gains at the start of the week, appreciating in both the official and parallel foreign exchange…
Tinubu Urges Creation of Africa’s Own Credit Rating Agency to Reduce Borrowing Costs
In a Financial Times Op-Ed on Monday, President Bola Tinubu called for the creation of an Africa-owned credit rating agency…
Nigeria’s Digital Infrastructure: Turning Promise into Global Production Power
Nigeria’s digital journey has been remarkable over the past decade. From seamless payments across platforms to identity systems verifying millions…
NRS Launches E-Invoicing for Medium-Sized Businesses to Boost Tax Transparency
The Nigeria Revenue Service (NRS) is introducing a major digital shift for medium-sized enterprises with its new E-Invoicing & Electronic…
Nigeria’s Inflation Drops to 15% as Naira Stability Strengthens Investor Confidence
Nigeria’s inflation rate plunged to 15.10% in January 2026, marking a significant improvement from 27.61% in January 2024. Analysts credit…
Dangote Group Invests $400 Million in Equipment to Expand Refinery and Boost Petrochemical Output
Dangote Group has taken a major step to accelerate its industrial ambitions, signing a $400 million agreement with China’s XCMG…
Nigerian Breweries Posts N1.467 Trillion Revenue in 2025, Signals Strong Recovery
Nigerian Breweries Plc has reported a remarkable turnaround, posting revenue of N1.467 trillion for the financial year ending December 2025.…
Nigeria’s Capital Inflow Hits $6.01bn in Q3 2025 Driven by Portfolio Investments
Nigeria’s capital importation surged to $6.01 billion in the third quarter (Q3) of 2025, marking a remarkable increase in foreign…
NGX Hits Historic 190,000 Points as Market Capitalisation Surges N5.1 Trillion
Trading on the Nigerian Exchange Limited (NGX) witnessed a record-breaking surge on Monday as the All-Share Index (ASI) climbed to…
65% of Nigerians Demand Lower Interest Rates Ahead of CBN MPC Meeting
As the Central Bank of Nigeria prepares for its 304th Monetary Policy Committee (MPC) meeting on February 23–24, 2026, a…
Dangote Local Production Drive Gains Momentum at Kaduna Trade Fair
Stakeholders at the 47th Kaduna International Trade Fair received a clear message about Nigeria’s industrial future as the Dangote Group…
Nigeria Food Inflation Falls to 14-Year Low at 8.89% as Price Pressures Ease
Nigeria’s food inflation rate has dropped to its lowest level in more than 14 years, offering a rare moment of…