Nigerian tech graveyard expands as multi-million dollar startups fold
Nigeria’s once-vibrant tech startup scene is witnessing a wave of shutdowns, as several high-profile, venture-backed firms close operations despite having…
Category: Local
‘Operations not affected’ — Nestoil says it’s resolving debt issue with lenders
Nestoil Group says the enforcement action against the company’s asset does not affect operations. Earlier, police sealed off the corporate headquarters…
MTN Fintech Wins Regional Award for Advancing Digital Literacy and Financial Inclusion Across Africa
MTN Group Fintech has achieved a historic milestone by winning the first-ever Regional Platform Business Award at the Y’ello Care…
Ghana’s Banking Sector Profit Surges 46% in 2025, Signaling Strong Economic Recovery
Ghana’s banking sector has recorded an impressive performance in 2025, with profit-after-tax soaring by 46.1% to GH¢9.7 billion in the…
Nigeria Targets $1 Trillion Economy by 2030, Says Minister Bagudu
The Federal Government has reiterated its confidence in achieving President Bola Tinubu’s ambitious goal of transforming Nigeria into a $1…
Nigeria Partners World Bank, Norway to Boost Aquaculture and Fisheries Development
The Federal Government of Nigeria has unveiled plans to collaborate with the World Bank, research institutions, and coastal communities to…
FGN Bonds Oversubscribed by 307% in October as Investor Confidence Soars
Nigeria’s Federal Government Bonds (FGN Bonds) recorded a massive 307.6% oversubscription at the October 2025 auction, reflecting renewed investor confidence…
CBN Clarifies $1.25bn Q1 Oil Sector FX Transactions, Says No Direct Intervention
The Central Bank of Nigeria (CBN) has clarified that the reported $1.25 billion spent on oil sector imports in the…
NNPCL Launches Strategic Infrastructure Projects to Boost Nigeria’s Oil and Gas Growth
The Nigerian National Petroleum Company Limited (NNPCL) has unveiled a major strategic infrastructure development plan aimed at strengthening Nigeria’s oil…
Sanwo-Olu gets recognition for promoting digital engagement
Lagos State Governor, Babajide Sanwo-Olu, has been recognised for his exceptional contributions to digital engagement and media innovation in Nigeria.…
Gas Marketers Set 6 Million-Tonne LPG Supply Target, Forecast Price Drop as Local Production Rises in Nigeria
Nigeria’s Liquefied Petroleum Gas (LPG) marketers have announced plans to boost the nation’s annual gas supply to six million metric…
BREAKING: Banks place Nestoil under receivership over $1bn debt
Police have sealed off the corporate headquarters of Nestoil Limited in Victoria Island, Lagos, after the company was placed under…
Nigeria Faces $1.12B Eurobond and N100B Sukuk Maturities in Late 2025 Amid Rising Debt Pressures
Nigeria is bracing for two major debt obligations before the end of 2025, including a $1.12 billion Eurobond and a…
Nigeria’s GenCos Mark 10 Years of Privatisation Amid N4 Trillion Debt Crisis and Power Sector Challenges
Nigeria’s power generation companies (GenCos) yesterday commemorated a decade since the country’s electricity privatisation, even as the sector grapples with…
Dangote Refinery Expansion Gets Full FG Backing to Reach 1.4 Million BPD – Boosting Africa’s Energy Independence
The Federal Government has thrown its full support behind Dangote Refinery’s ambitious plan to expand its production capacity to 1.4…
Bitget Launches AI Trading Assistant “GetAgent” to Revolutionize Nigerian Crypto Market
Global digital asset platform Bitget has unveiled an AI-powered trading assistant, GetAgent, aimed at making crypto trading smarter and more…
Dangote Refinery Eyes $55 Billion Annual Revenue as Afreximbank Considers $5 Billion Expansion Credit
Africa’s richest man, Aliko Dangote, has announced plans to expand the capacity of his Lagos-based Dangote Petroleum Refinery from 650,000…
FG Spends ₦12.5bn to Recover Gold from Artisanal Miners, Boost Foreign Reserves and Strengthen Naira
The Federal Government has disbursed about ₦12.5 billion to recover gold from artisanal and small-scale miners across the country as…
FIRS Generates ₦22.59tn in 9 Months Amid Sweeping Tax Reforms
The Federal Inland Revenue Service (FIRS) has achieved a landmark revenue performance, collecting ₦22.59 trillion between January and September 2025,…
FRC Offers Free Business Integrity Certification for Nigerian SMEs Until March 2026
In a bid to promote ethical business practices and strengthen corporate governance, the Financial Reporting Council of Nigeria (FRC) has…
Transcorp Reports ₦413.4bn Revenue in Q3 2025, Driven by Power and Hospitality Growth
Transnational Corporation Plc (Transcorp) has reported a robust financial performance for the third quarter of 2025, recording a revenue of…
Nigeria’s Stock Market Sees 846% Surge in Foreign Inflows, Hits ₦1.03 Trillion as Investor Confidence Rebounds
Nigeria’s stock market has witnessed a dramatic resurgence in foreign investor confidence, with foreign portfolio inflows soaring by 845.9% to…
Weakened U.S. Dollar Helps Stabilize Ghana Cedi Amid Forex Market Pressures — Bank of Ghana
The Bank of Ghana (BoG) has confirmed that the recent weakening of the U.S. dollar played a major role in…
Dangote Refinery Rehires Sacked Engineers, Redeploys Staff to Borno, Zamfara, and Other States Amid PENGASSAN Dispute
The Dangote Refinery has re-employed several engineers previously dismissed amid its dispute with the Petroleum and Natural Gas Senior Staff…
Nigerians Trade $50 Billion in Crypto as SEC Warns of Declining Capital Market Participation
Nigeria’s Securities and Exchange Commission (SEC) has expressed concern over the country’s growing preference for cryptocurrency trading, warning that the…
FATF Delisting to Boost Foreign Investments in Nigeria, Says SEC DG Emomotimi Agama
Nigeria’s removal from the Financial Action Task Force (FATF) grey list has been hailed as a major milestone for the…
FCMB’s ₦160bn Offer to Bolster Capital Base, Strengthen Resilience – CEO Ladi Balogun
First City Monument Bank (FCMB) Group has reaffirmed its commitment to building a more resilient financial institution through its ongoing…
Nigerian Stocks Fall by ₦94bn as Investors Cash Out on Blue-Chip Gains
The Nigerian equities market opened the week on a bearish note as investors booked profits from earlier gains on blue-chip…
Nigerian Breweries Completes Full Integration of Distell Nigeria to Boost Wine and Spirit Production
Nigerian Breweries Plc has officially completed the full integration of Distell Nigeria Limited into its operations, marking a major milestone…
Lagos Introduces Flexible Payment Plan to Relocate Computer Village Traders to Katangowa ICT Hub
The Lagos State Government has launched a flexible payment scheme to ease the long-awaited relocation of traders from Ikeja’s overcrowded…