Modern Infrastructure Key to Nigeria’s AI Leadership, Says Schneider Electric
Schneider Electric has emphasized that the next era of global artificial intelligence (AI) leadership will be driven more by the…
Category: Local
Pension Fund Assets Rise to N26.66 Trillion as PenCom Cracks Down on Defaulters
Nigeria’s total pension fund assets under the Contributory Pension Scheme (CPS) increased by 2.2% month-on-month to N26.66 trillion in October…
Dangote Refinery Boosts Petrol Supply by 38% Amid Rising Imports
Nigeria’s domestic petrol supply saw a significant boost in November 2025, with the Dangote Refinery contributing 23.52 million litres per…
Bank of Ghana Urges Fintechs to Strengthen Compliance, Consumer Protection, and Fight Financial Crime
The Bank of Ghana (BoG) has called on fintech companies, mobile money operators, and financial institutions to strengthen compliance and…
Tinubu to attend 3MTT National Impact Summit
President Bola Ahmed Tinubu is set to attend the 3 Million Technical Talent (3MTT) National Impact Summit on Thursday, December…
Nigerian Stock Market Dips 0.05% as JAPAULGOLD and Mid-Cap Stocks Rally
The Nigerian stock market closed slightly lower on December 10, 2025, with the All-Share Index (ASI) dipping 0.05% to 146,862.0…
Nigeria’s Petrol Consumption Drops to 52.9 Million Litres in November Amid Rising Local Refinery Output
Nigeria’s petrol consumption declined to 52.9 million litres per day in November, signaling a slight slowdown in fuel demand across…
Nigeria’s AI Startups Struggle Abroad as Infrastructure Gap Hampers Growth
Over 300 Nigerian AI startups are forced to train their large language models and run AI workloads in data centers…
CBN Caps Cash Payments for PTA/BTA at 25% Under New Forex Rules
The Central Bank of Nigeria (CBN) has announced a new policy limiting cash payouts for Personal Travel Allowance (PTA) and…
Nigeria Sees Petrol Import Surge as NNPC Leads 1.56bn-Litre Supply Rebound in November
Nigeria’s petrol supply landscape shifted sharply in November as the Nigerian National Petroleum Company Limited resumed large-scale importation of petrol,…
CBN Revokes Licences of Non-Compliant BDCs After New Rules Deadline
The Central Bank of Nigeria has formally revoked the licences of all legacy Bureau De Change operators that failed to…
NGX Lists Chams HoldCo’s N3.66bn Shares to Boost Digital Payment Expansion
The Nigerian Exchange Limited (NGX) has officially admitted 1.955 billion ordinary shares of Chams Holding Company (Chams HoldCo), valued at…
FG, SEC, NGX Group Align on Capital Gains Tax Reform for Market-Friendly Rollout
The Federal Government (FG) has taken a significant step toward a more predictable and market-friendly implementation of Nigeria’s newly enacted…
PenCom Recovers N32 Billion from Defaulting Employers, Strengthens Pension Compliance
The National Pension Commission (PenCom) has successfully recovered N32.27 billion from employers who failed to remit pension contributions from their…
Heirs Energies, NNPC Partner to Monetise 180mmscf/d of Flared Gas by 2026
Heirs Energies and the Nigerian National Petroleum Company Limited (NNPC) have signed landmark agreements with five approved investors to capture…
Esso E&P Reaffirms Commitment to Nigeria’s Energy Security Amid Policy Shifts
Esso Exploration and Production Nigeria Deepwater Limited (Esso E&P), an affiliate of ExxonMobil Corporation, has reiterated its commitment to bolstering…
Nigeria Embarks on MOSIP Migration to Upgrade National ID System
Nigeria is undertaking one of the most ambitious digital transformations in its history by migrating its National Identity Management System…
NUPRC Launches 2025 Petroleum Licensing Round with Signature Bonuses from $3M to $7M
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled the rules for its highly anticipated 2025 petroleum licensing round, introducing…
Nigerian Bond Yields Surge as DMO Increases Rates in December Issuances
Nigeria’s bond market saw a sharp rise in yields on Monday, with longer-term government securities leading the surge. Investors are…
Bonny Light Oil Prices Settle at $65 Amid Global Oversupply Concerns
Nigeria’s flagship crude, Bonny Light, stabilized at $65 per barrel following a sharp decline in global oil prices, marking the…
Fitch Advises CBN to Proceed Cautiously on Rate Cuts Amid Strong FX Reserves
Nigeria’s gross official foreign exchange reserves have reached a six-year high, crossing the $45 billion mark, providing a strong buffer…
Nigerian Stock Market Slides 0.33% Amid Negative Investor Sentiment
The Nigerian equities market experienced a downturn on Tuesday, as sustained negative sentiment pushed the All-Share Index (ASI) down by…
Nigeria Bans Cash Payments for Government Revenues to Boost Transparency
In a major step to enhance transparency and accountability, Nigeria’s Federal Government has banned the collection of physical cash for…
Seplat Energy Trains 35 Journalists in Edo and Delta to Boost Media Skills
Seplat Energy has successfully hosted a two-day capacity-building workshop for 35 journalists from Edo and Delta States, focusing on strengthening…
Human-Centred AI Transforms Manufacturing and Supply Chain Resilience
Edward Isoghie, a leading expert in human-centred artificial intelligence (AI), industrial cyber resilience, and workforce development, is pioneering innovations that…
NNPC Sets 36-Year Production Record as Nigeria’s Upstream Revival Gains Momentum
The Nigerian National Petroleum Company (NNPC) has achieved a historic milestone, recording its highest crude oil production in 36 years.…
CBN Unveils Fresh Push to Expand Agricultural Lending as Cardoso Sets New Direction
The Central Bank of Nigeria (CBN) has announced a renewed drive to increase agricultural lending, which currently accounts for less…
FG Launches N590bn Bond to Begin Repayment of N4tn Power Sector Debt
The Federal Government has officially begun tackling the long-standing N4tn debt owed to power generation companies (GenCos) with the rollout…
UACN Stock Rise Hits 22.7% in December’s First Week, Eyes N100 Milestone
Shares of UAC of Nigeria Plc (UACN) soared by 22.69% in the first trading week of December 2025, propelling its…
European Markets Edge Higher Ahead of Federal Reserve Rate Decision
European markets saw modest gains on Tuesday as investors kept a close eye on the U.S. Federal Reserve’s upcoming policy…