Global Internet Users Rise by 240 Million in 2025 Amid Cost and Accessibility Challenges
Global digital connectivity continues to expand, with an estimated 240 million people joining the online world in 2025, according to…
Category: Local
Internet banking overtakes ATM, PoS as transaction values surge to ₦542.98trn
Banking transactions conducted through Web Pay, also known as internet banking, surged to ₦542.98 trillion in the first quarter (Q1)…
Nigeria’s Foreign Reserves Soar to $46.7 Billion, Boosting Naira and Investor Confidence
Nigeria’s foreign reserves have surged to $46.7 billion as of November 14, 2025, marking the highest level in seven years…
Fintechs Usher in a New Era as Nigeria’s NPS Launches Instant, Data-Rich Payments
Nigeria’s fintech ecosystem is entering a transformative phase as the National Payment Stack (NPS) officially debuts with its first live…
Seplat Energy Chairman Udoma to Lead 2025 PEARL Awards Nite in Lagos
The Board of Governors of the PEARL Awards Nigeria has announced that Mr. Udoma Udo Udoma, Chairman of Seplat Energy…
Nigeria’s Foreign Reserves Hit 7-Year High of $46.7 Billion Amid Economic Recovery
Nigeria’s foreign-exchange reserves have climbed to a seven-year high of $46.7 billion, the Central Bank of Nigeria (CBN) announced on…
Nigeria Surpasses 1.7m Barrels Per Day as Oil Output Rebounds — NUPRC
Nigeria’s oil production has crossed the 1.7 million barrels per day (bpd) mark multiple times in 2025, signaling a strong…
Seplat Empowers 25 Imo Journalists Through Two-Day Media Capacity Workshop
Seplat Energy Plc has reaffirmed its commitment to strengthening Nigeria’s media landscape by hosting a two-day intensive workshop for journalists…
FG Begins Testing for National Single Window Ahead of 2026 Rollout
The Federal Government has officially kicked off User Acceptance Testing for the National Single Window (NSW), marking a major milestone…
Africa Lags in Global Clean Energy Boom as Renewable Investment Hits $2.4 Trillion
Global investment in renewable energy surged to a record $2.4 trillion in 2024, yet sub-Saharan Africa captured only 2.3% of…
Tamrose Repays $10M Loan, Highlights Success of Nigeria’s Local Content Initiative
Nigeria’s indigenous oil-service company, Tamrose Limited, has drawn widespread praise after fully repaying its $10 million loan from the Nigerian…
Naira Steadies as Nigeria’s Forex Reserves Hit $46.7 Billion Amid Strong FX Inflows
Nigeria’s naira held steady on Monday in the official foreign exchange (FX) market as the country’s external reserves surged to…
Tinubu Highlights Youth-Focused Economic Reforms During Duke of Edinburgh Visit
President Bola Tinubu has welcomed the Duke of Edinburgh, Prince Edward, to the State House in Abuja, using the occasion…
Elumelu and FirstBank Call for Stronger Support for Nigerian Entrepreneurs
Nigeria’s economic future lies in entrepreneurship, not government handouts or foreign aid, according to Tony Elumelu, Group Chairman of Heirs…
Aradel Leads Nigerian Stock Market with N21.4 Billion Deals as Cement Selloff Pushes ASI Down 1.26%
The Nigerian stock market closed sharply lower on Monday, November 17, as the All-Share Index (ASI) slipped by 1,853.82 points…
Dangote Refinery Slashes Petrol Prices, Says Marketers’ Reductions Followed Its Lead
Dangote Petroleum Refinery has clarified that its recent reduction in petrol gantry and coastal prices prompted the subsequent drop in…
Lagos State’s N200bn Bond Oversubscribed by 55%, Signaling Strong Investor Confidence
Lagos State’s N200 billion bond has been oversubscribed by an impressive 55%, reflecting strong confidence from domestic investors. The record-breaking…
Tinubu Champions Faster Borders and Local-Currency Trade to Boost Africa’s Economy
President Bola Ahmed Tinubu has stressed that Africa’s economic success will be measured not by lofty declarations but by tangible…
Nigeria’s Bonds and Treasury Bills Rally as N6.17 Trillion Liquidity Boost Drives Yields Down
Nigeria’s fixed-income market witnessed a strong rally last week as excess liquidity of N6.17 trillion triggered a significant fall in…
Nigeria Economic Growth Outlook Brightens as Business Activity Strengthens
Nigeria’s economy is showing signs of recovery as it heads into 2026, driven by stronger business momentum, easing inflation, and…
Nigeria’s Inflation Hits Three-Year Low at 16.05% Amid Persistent Cost-of-Living Challenges
Nigeria’s inflation rate eased to 16.05% in October 2025, marking the lowest level in three years and eight months, according…
FX Trading Slumps 30% in Nigeria Amid Dollar Supply Crunch and Market Caution
Nigeria’s foreign exchange (FX) market experienced a sharp slowdown last week, with total trading turnover plunging by more than 30%,…
Abia strengthens investment appeal, partners bank
Abia State’s investment profile received a major boost as Zenith Bank Plc declared a strong commitment to partner with the…
Nigeria’s FX Inflows Surge as CBN Reforms Boost Investor Confidence
Nigeria is witnessing a notable revival in foreign-exchange inflows as investor confidence gradually returns, following years of policy uncertainty and…
NGX Records Sharp Loss as Investors Shed N1.17tn Amid Renewed Sell Pressure
The Nigerian stock market opened the week on a negative note as renewed sell pressure dragged the All-Share Index down…
61.5% of Nigerian Households Call for Lower Interest Rates by October 2025, CBN Survey Reveals
A recent survey conducted by the Central Bank of Nigeria (CBN) reveals that a significant majority of Nigerian households are…
Emadeb E&P Achieves First Oil Production from Ibom Field, Boosting Nigeria’s Energy Future
Emadeb Exploration and Production Company Limited has successfully recorded its first oil production from the Ibom Field (PPL 236), a…
Champion Breweries Launches N15.9bn Rights Issue to Fund Bullet Brand Acquisition
Champion Breweries Plc has officially launched a N15.9 billion Rights Issue to existing shareholders, marking a major step in the…
Nigerian Stock Market Ends Week Lower Despite Strong Gains in NCR and Aso Savings & Loans
The Nigerian stock market closed the week ended November 14, 2025, in negative territory, losing 2,511.22 points to finish at…
High Clean-Tech Tariffs Threaten Africa’s Renewable Energy Growth, UNCTAD Warns
Africa’s ambitious shift toward 100% renewable energy is at risk due to high tariffs on clean technologies and persistent trade…