FG Cuts Oil Block Entry Fee to $3m as 2025 Licensing Round Opens
The Federal Government has significantly reduced the financial entry barrier for oil investors as the 2025 licensing round begins. According…
Category: Local
Banks Slash Central Bank Deposits by N2.22 Trillion After CBN Interest Rate Adjustment
Banks in Nigeria significantly reduced their deposits at the Central Bank of Nigeria (CBN) last month, pulling back N2.22 trillion…
How Chevron Nigeria’s Strategic Infrastructure Safeguards Strengthened Oil Production
Chevron Nigeria is ramping up its deepwater oil production in a strategic effort to expand growth opportunities across the country.…
Nigeria’s Economic Growth Cosmetic, Leaving Citizens in Poverty – Expert Warns
Former NACCIMA President Dele Kelvin Oye has cautioned that Nigeria’s celebrated economic growth masks the harsh realities faced by its…
Investors Flock to High-Value Industrial Stocks as Nigerian Market Ends Year Strong
As 2025 nears its close, Nigerian equities saw a surge in investor activity, particularly in high-value industrial stocks, boosting market…
NITDA Warns Nigerians About ChatGPT Vulnerabilities That Risk Data Leakage
The National Information Technology Development Agency (NITDA) has raised alarm over newly discovered vulnerabilities in ChatGPT that could put Nigerian…
Diesel Prices Surge 9.45% in October to N1,398/Litre Amid Supply and Market Pressures
Nigeria’s average retail diesel price rose sharply in October 2025, climbing 9.45 percent month-on-month to N1,398.57 per litre, according to…
BII and FCMB Launch $50M Credit Facility to Empower Northern Nigerian MSMEs
British International Investment (BII), the UK’s development finance institution, has joined forces with First City Monument Bank (FCMB) to launch…
Nigeria’s GDP Growth Projected at 4.1% in 2026 Driven by Non-Oil Sector Expansion
Nigeria’s economy is set to expand at a moderate pace in 2026, with GDP growth projected at 4.1 per cent,…
Ellah Lakes Public Offer Extended to 19 December 2025 Amid Rising Investor Demand
Ellah Lakes Plc has officially extended its public offer for 18.8 billion shares at N12.50 each to 19 December 2025,…
Fidson, MeCure, or Neimeth: Which Nigerian Pharma Stock Offers the Best Investment Value in 2025?
Investors seeking opportunities in Nigeria’s pharmaceutical sector have three notable options: Fidson Healthcare Plc, MeCure Industries Plc, and Neimeth International…
Bazara Tech Launches Manovar: AI-Powered Corporate Banking Platform Transforming Africa’s Financial Sector
Bazara Tech has officially launched Manovar, an AI-powered corporate banking and asset management platform designed to unify fragmented systems, automate…
BREAKING: Nigeria’s external reserves surpass $45 billion – first time in 6 years
Nigeria’s external reserves have officially crossed the $45 billion mark, marking the first time in six years that the country…
Naira Set to Break N1,445/$ as Fed Rate Cut Expectations Boost Nigerian Currency
The Nigerian Naira has maintained relative stability against the US dollar in the official market, even as expectations build for…
FG, SEC, NGX Unite to Ensure Smooth Capital Gains Tax Reform in Nigeria
The Federal Government (FG) has launched the National Tax Policy Implementation Committee (NTPIC), signaling a deliberate and coordinated approach to…
Nigerian Stock Market Surges N2.44tn Driven by ICT and Banking Stocks
The Nigerian Exchange Limited (NGX) closed the week on a high note, with the market surging by N2.44 trillion, thanks…
Nigerian Insurance Leaders Push for Tech-Driven Growth as Sector Seeks Wider Reach
Stakeholders in Nigeria’s insurance industry are calling for urgent technology-driven solutions to expand the sector and strengthen its ability to…
Nigerian Banks Shift Focus to New Revenue Streams as FX Gains Dry Up
As foreign exchange gains that boosted Nigerian banks over the past two years begin to fade, financial experts say lenders…
Nigeria’s Domestic Gas Revenue Soars to N3.1trn as Local Demand Rises
Nigeria’s domestic gas market has posted a major boost this year, with sales rising by 19 per cent to hit…
European Stocks Rise Ahead of Fed Meeting as Investors Weigh Interest Rate Cuts
European stocks opened higher on Friday, signaling cautious optimism among global investors as attention turns to next week’s Federal Reserve…
NGX Extends Modest Rebound as ASI Inches Up 0.10% Amid Mixed Investor Sentiment
The Nigerian equities market extended its recovery on Thursday, December 4, 2025, as the All Share Index (ASI) inched up…
Udoma and Mbah Call for Transparent, Efficient Nigerian Capital Market at PEARL Awards
Former Minister of Budget and National Planning, Udoma Udo Udoma, has called for greater transparency in Nigeria’s capital market, emphasizing…
Nigeria at Risk of Falling Behind in AI Race Amid Data Centre Infrastructure Gaps
Nigeria’s drive to become a global player in artificial intelligence (AI) is under threat due to significant gaps in local…
Nigerian Stock Market Gains N97bn as Bulls Extend Winning Streak
The Nigerian equities market continued its upward momentum yesterday, with market capitalisation climbing by N97 billion. The All Share Index…
Africa’s $3.4 Trillion Market at Risk: Afreximbank Urges Digital Trade Innovation
Africa could lose out on the full potential of its $3.4 trillion market unless urgent steps are taken to remove…
FG Approves N185 Billion to Clear Gas Debts, Boost Power Supply Nationwide
The Federal Government (FG) has taken a major step to stabilize Nigeria’s energy sector by approving the payment of N185…
DMO Allocates N709.6 Billion in Treasury Bills as 1-Year Yield Surges to 17.5%
The Debt Management Office (DMO) concluded its Nigerian Treasury Bills (NT-Bills) auction on December 3, 2025, raising a total of…
Nigeria’s Foreign Reserves Hit $46.7 Billion — Highest in Nearly Seven Years, Says CBN Governor
Nigeria’s foreign reserves have climbed to $46.7 billion, marking the highest level in nearly seven years, the Central Bank of…
Politics, Music, and Viral Trends Dominate Google Searches in Nigeria 2025
In 2025, Nigerians turned to Google to navigate a year full of political developments, cultural phenomena, and entertainment milestones. From…
Nigeria Needs 72 Data Centres to Power $1 Trillion Economy by 2030
As Nigeria sets its sights on a $1 trillion economy by 2030, technology experts warn that the country urgently needs…