Nigeria’s 5G Reality Check: Half of 5G Device Users Still Lack Network Access
As Nigerians increasingly upgrade to 5G-enabled smartphones, a surprising digital paradox is emerging: around 50% of device owners cannot actually…
Category: Local
South-West States Unveil N8.7tn 2026 Budget Focused on Capital Projects and Economic Growth
The South-West states of Nigeria have proposed a combined budget of N8.7 trillion for 2026, with capital expenditure accounting for…
Nigerian Exchange Dips 549 Points, Clings to 165,000 Level Amid Mixed Market Sentiment
On Wednesday, January 28, 2026, the Nigerian Exchange (NGX) ended trading in negative territory, shedding 549.4 points to settle at…
PenCom Raises NSITF Retirees’ Pensions by 1,173% After 21-Year Freeze
The National Pension Commission (PenCom) has approved a historic 1,173% increase in pensions for retirees under the Nigeria Social Insurance…
Nigeria Crude Oil Exports Set to Fall 14% in March Amid Bonga and Forcados Cutbacks
Nigeria’s crude oil exports are expected to drop by about 14% in March 2026, falling to roughly 793,000 barrels per…
CBN Governor Cardoso Hosts British Investors to Boost Financial Sector Reforms
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday, January 28, 2026, welcomed a high-profile…
Nigeria Completes 60% of 90,000km Fibre Optic Rollout, Plans Two New Satellites
Nigeria has marked a major milestone in its digital infrastructure drive, completing 60 percent of its planned 90,000 kilometres of…
Tinubu Urged to Intervene as Nigeria Commodity Exchange Faces Imminent Collapse
Workers of the Nigeria Commodity Exchange (NCX) have appealed to President Bola Ahmed Tinubu to urgently intervene and prevent what…
NCC Reports Improved Telecom Network Quality in Q4 2025, Signals Stronger Service Delivery Nationwide
The Nigerian Communications Commission (NCC) says telecom network quality and service delivery improved across the country in the fourth quarter…
Nigeria Earns ₦55.5 Trillion from Crude Oil Sales in 2025 Despite Production Shortfalls
Nigeria generated an estimated ₦55.5 trillion in crude oil revenue in 2025, driven largely by global oil prices despite struggling…
Naira Strengthens to ₦1,400/$ as Weaker US Dollar Lifts Emerging Markets
Nigeria’s naira continued its upward momentum midweek, appreciating to around ₦1,400 per dollar at the official foreign exchange market, as…
Experts Urge Development of Homegrown AI to Secure Nigeria’s Future
Technology leaders and policymakers have renewed calls for Nigeria to prioritize the development of homegrown artificial intelligence (AI) solutions, highlighting…
NUPRC Engages Global Investors Ahead of 2025 Oil & Gas Licensing Round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is reaching out to global energy investors, upstream operators, and financial partners ahead…
FG’s N501 Billion Power Sector Bond Fully Subscribed, Boosting Investor Confidence in Nigeria’s Electricity Market
The Federal Government of Nigeria has successfully achieved full subscription for its N501 billion inaugural power sector bond under the…
Nigeria’s Economic Reforms Set to Boost Consumer Spending and Drive Growth in 2026
Nigeria’s ongoing economic reforms are set to ignite consumer spending and business growth, according to the Mastercard Economics Institute (MEI).…
Nigeria’s Tax Committee Strengthens Stakeholder Engagement for Smooth Implementation of New Tax Laws
The National Tax Policy Implementation Committee (NTPIC) has intensified efforts to ensure the effective rollout of Nigeria’s newly enacted tax…
CAP Plc Posts N9.1 Billion Profit in 2025 as Paint Sales Surge
Chemical and Allied Products Plc (CAP) has announced a remarkable N9.1 billion pre-tax profit for the 2025 financial year, marking…
CBN Allows Banks to Accept Expired NAFDAC Licences for Imports Until February 2026
The Central Bank of Nigeria (CBN) has announced a temporary two-month allowance enabling authorised dealer banks (ADBs) to accept expired…
BUA Cement Expands Sokoto Plant with $240M Investment to Boost Production
BUA Cement Plc has announced a $240 million investment to expand its Sokoto cement plant, introducing a modern 3-million-tonne-per-annum production…
Foreign Exchange Stability Key to Restoring Investor Confidence in Nigeria, Says BCI President
Dr. Adesola Falaiye, President of Business Club Ikeja (BCI), has emphasized that sustained stability in Nigeria’s foreign exchange market is…
Nigeria’s Chevron-NNPC Discovery Set to Boost Daily Crude Output to 146,000 Barrels
Nigeria is set to ramp up its crude oil production following a major offshore discovery by Chevron Nigeria Limited (CNL)…
FGN Bond Auction 2026: Federal Government Raises N1.54 Trillion Amid Oversubscription
The Federal Government of Nigeria has launched its 2026 domestic borrowing program with a highly successful FGN Bond auction, raising…
GTCO, Aradel Lead Trading Value as Nigerian Stock Market Edges Up 0.12%
The Nigerian stock market recorded a modest uptick on Tuesday, 27 January 2026, with the All-Share Index (ASI) rising 0.12%…
Imported Petrol Undercuts Dangote Refinery Price After Gantry Hike
Imported petrol has become cheaper than fuel produced by the Dangote Petroleum Refinery, following a recent increase in the refinery’s…
Nigerian Firms Secure $2.5bn in World Bank Contracts, Rank Fifth Globally
Nigerian companies have secured more than $2.5 billion worth of World Bank–financed contracts, placing the country fifth globally among beneficiaries…
Selective Buying Boosts NGX by N3.45bn as NPF Microfinance and Morison Lead Market Gainers
Selective buying in a few key stocks helped lift the Nigerian Exchange Limited (NGX) slightly on Monday, despite subdued trading…
Nigerian Stock Market Loses N395bn Amid Investor Profit-Taking
The Nigerian stock market experienced its first weekly decline last week, shedding N395 billion in market value as investors intensified…
AI-Enabled Talent Intelligence: The Competitive Edge for Nigeria’s Digital Economy
Artificial intelligence promises faster processes, fewer errors, and leaner operations—but technology alone doesn’t guarantee better results. Across Nigeria’s telecoms and…
FGN Bond Auction Overshoots N900 Billion, Allots N1.54 Trillion in January 2026
The Federal Government of Nigeria (FGN) exceeded expectations at its January 2026 bond auction, allotting a total of N1.54 trillion,…
Nigeria’s Exports to Africa Surge 14% in H1 2025, Fuel Leads Trade Growth
Nigeria’s exports to Africa surged 14% in the first half of 2025, reaching N4.82 trillion, up from N4.21 trillion in…