Nigeria Faces Risk of Debt Overhang as Public Debt Surges
Nigeria's public debt has risen to N87.38 trillion in the second quarter of 2023, with additional debt from "Ways…
Nigeria’s Oil Rig Count Rises as Gains from the Petroleum Industry Act…
Nigeria has seen a notable increase in its oil rig count, rising from 17 in 2019 to 31 as of last month. The…
Key International Oil Companies Commit to Over $55 Billion Investments in…
Leading International Oil Companies (IOCs) are showing renewed interest in Nigeria's energy sector, with…
Nigerian Government Aims to Boost Fintech Funding through Improved Regulatory…
The Nigerian Ministry of Communications, Innovation, and Digital Economy plans to create a conducive regulatory…
Goldman Sachs Raises Brent Crude Forecast to $100, Poses Economic Challenges for…
Goldman Sachs has revised its 12-month ahead forecast for Brent Crude oil prices, projecting $100 per barrel, up…
Aliko Dangote Clarifies NNPC’s Support for Refinery Project, Pledges to…
Aliko Dangote, President of the Dangote Group, has addressed misconceptions regarding crude oil supply to his…
U.S. Federal Reserve Maintains Interest Rates, Cautious Amidst Rising Oil Prices
The U.S. Federal Reserve has opted to keep interest rates steady for September, signaling a potential shift in the…
Google Faces Lawsuit Over Alleged Failure to Update Maps Leading to Tragic…
The family of Philip Paxson, a US man who tragically lost his life after driving off a collapsed bridge, is filing…
Ivorian E-commerce Startup Anka Raises $5 Million in Pre-Series A Extension Round
Anka, an Ivorian e-commerce company that has a substantial presence in Nigeria and Kenya, has secured $5 million…
Amazon’s Alexa Upgraded with More Natural, Emotionally Responsive Voice
Amazon's voice assistant, Alexa, is set to receive a significant upgrade with a more natural-sounding voice and…
Naira Devaluation Boosts Crypto Transactions to $56.7 Billion Despite CBN Ban
A report by Chainalysis reveals that the devaluation of the Naira in 2022 led to a year-on-year surge in crypto…
Nigerian Electricity Regulatory Commission Orders DisCos to Reimburse Meter…
The Nigerian Electricity Regulatory Commission (NERC) has mandated electricity distribution companies (DisCos) to…
Fidson Healthcare Reports Strong Financial Performance in 2022, Declares Increased…
Fidson Healthcare Plc, an indigenous pharmaceutical manufacturer, has posted impressive financial results for the…
Central Bank of Nigeria Introduces Online Platform for Microfinance Bank License…
The Central Bank of Nigeria (CBN) has introduced the CBN Licensing, Approval and Other Requests Portal (CBN LARP)…
Delisting of Major Companies to Reduce NGX Capitalization by Over N205 Billion
The planned delisting of prominent companies including GlaxoSmithKline (GSK) Plc, PZ Cusson Plc, Oando Plc,…
Nigerian Equities Market Records Slight Decline, Losing N13 Billion
Nigeria's stock market experienced a marginal dip, with a 0.03% decrease equivalent to N13 billion in market…
President Bola Tinubu Advocates for Africa’s Prosperity and Sovereignty at…
In his debut speech at the 78th United Nations General Assembly, President Bola Tinubu of Nigeria highlighted…
Nigerian Trade Unions Threaten Strike Action Amid Unresolved Demands
The Trade Union Congress of Nigeria (TUC) has issued a one-week ultimatum to the Federal Government, warning of…
Nigeria’s Solid Minerals Sector Falls Short of Trillion Naira Revenue Mark…
Despite being rich in 44 different types of commercially viable minerals, Nigeria's solid minerals sector failed…
U.S. judge orders Chicago State Uni to release all documents on Tinubu
Judge Jeffrey Gilbert of the Northern District of Illinois Court in the United States has ordered the management…
New Central Bank Governor Faces Economic Challenges in Nigeria
The incoming governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, will take office amidst significant…
Equity Bank Partners with Mastercard for Cross-Border Payment Solutions
Equity Bank has entered into a Customer Business Agreement with Mastercard to offer a range of payment solutions,…
East African Breweries (EABL) Sees Employee Count Drop Below 1,500
East African Breweries Plc (EABL) has reported a reduction in its headcount by 168 in the fiscal year ending June,…
FAAC Investigates NNPC’s Handling of NLNG Profits
The Federation Account Allocation Committee (FAAC) has launched an investigation into the actions of the Nigerian…
IMF and World Bank Confirm 2023 Annual Meetings in Morocco Despite Recent…
The International Monetary Fund (IMF) and the World Bank have confirmed that their scheduled 2023 Annual Meetings…
Nigeria’s 5G Subscriptions Reach 500,000, Broadband Coverage Target Set at…
The Nigerian Communications Commission (NCC) announced that subscriptions to 5G services in Nigeria have reached…
President Bola Ahmed Tinubu to Ring NASDAQ Closing Bell in New York
President Bola Ahmed Tinubu of Nigeria is set to ring the Closing Bell of NASDAQ in New York, United States, as…
U.S. Treasury Deputy Secretary Outlines Four Economic Reform Priorities for…
The U.S. Deputy Secretary of the Treasury, Mr. Wally Adeyemo, has highlighted four economic reform priorities for…
SEC Projects Non-Interest Market Value to Reach N5 Trillion Within Two Years
The Securities and Exchange Commission (SEC) has stated that the market value of non-interest products in Nigeria…
CBN Warns International Money Transfer Operators Against Sharp Practices
The Central Bank of Nigeria (CBN) has issued a warning to International Money Transfer Operators (IMTOs) regarding…