CNG Stations Rollout Falls Short of 2025 Target Despite $2B Investment in Nigeria
Despite securing more than $2 billion in private sector investments over the past two years, Nigeria’s ambitious…
Elon Musk’s xAI Secures $3 Billion from Saudi Firm Humain, Strengthening AI and…
Elon Musk’s artificial intelligence venture, xAI, has secured a staggering $3 billion investment from Saudi Arabian…
European Stocks Slip as Airbus and Renault Earnings Shake Markets
European markets opened lower on Thursday as investors closely analyzed earnings reports from major companies…
Nigeria’s Business Travel FX Spending Surges 366% to $672M Amid Growing Global…
Nigeria has witnessed a remarkable surge in foreign exchange (FX) spending for business travel, with expenditures…
Bank Recapitalisation Could Bridge $120B African Trade Finance Gap, Says…
Afreximbank has advised the Nigerian government to use ongoing bank recapitalisation as a strategic tool to address…
Unpaid Electricity Bills Hit N6 Trillion as Nigeria’s Power Sector Faces Liquidity…
Nigeria’s power sector is facing a deepening financial crisis as electricity generation companies, under the…
Naira Depreciates to N1,340/$ as Parallel Market Hits N1,400/$ Amid Dollar…
The Nigerian naira recorded a marginal depreciation on Wednesday, trading at N1,340/$ at the official market, down…
NGX: Commercial paper debuts with Dangote Cement’s N119.87bn issuance
Nigeria’s capital market reached a new milestone as Dangote Cement Plc launched its first Commercial Paper (CP)…
CBN Governor Urges Banks to Drive Africa’s Industrialisation and Green Finance
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has called on banks and development finance…
FCMB Drives NGX Rebound as Shares Worth N35.8 Billion Trade on Customs Street
The Nigerian Exchange (NGX) rebounded strongly on Wednesday, February 18, 2026, closing 1,106.72 points higher at…
FG Targets 15% Trade Cost Reduction with New Industrial Policy to Boost…
The federal government has rolled out an ambitious industrial policy aimed at reducing trade costs in Nigeria by at…
Nigeria’s Crude Oil Production Hits 1.64mbpd in 2025 Amid Rising Local Investment
Nigeria’s crude oil production surged to 1.64 million barrels per day (mbpd) in 2025, marking a 5.8% increase from…
NNPC Gas Master Plan 2026: Nigeria Set to Boost Gas Supply by 1.8 Bcf/d
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced ambitious plans to increase the country’s…
OpenAI Partners with Pine Labs to Accelerate AI-Driven Fintech in India
OpenAI is deepening its presence in India with a strategic partnership with Pine Labs, aiming to bring AI-powered…
Nigeria’s Foreign Reserves Hit $48.5bn, Highest Level Since 2013
Nigeria’s foreign reserves have climbed to $48.5 billion, marking the highest level recorded since May 2013.…
Tinubu Executive Order on NNPCL Revenue Remittance Signals Major Oil Sector Reform
President Bola Tinubu has signed a sweeping Executive Order suspending the collection of management and frontier…
Nigeria’s World Bank IDA Debt Rises to $18.7bn as External Borrowing Pressures…
Nigeria’s debt to the International Development Association (IDA), the concessional lending arm of the World Bank,…
NRS E-Invoicing Rollout for Medium Taxpayers Begins April 2026
The Nigeria Revenue Service (NRS) has announced that it will extend its electronic invoicing system to medium and…
Nigeria Circular Economy Week: Experts Demand Government Support to Unlock…
Stakeholders across the waste management value chain have called for stronger government backing and policy…
Ghana Government Pays GH¢10 Billion Interest Under Domestic Debt Exchange…
The Government of Ghana has successfully settled GH¢10 billion in interest obligations under the Domestic Debt…
NNPC to Increase Gas Supply by 1.8bcf/d in 2026 to Meet Rising Domestic Demand
The Nigerian National Petroleum Company Limited (NNPC Ltd) has unveiled plans to raise gas supply by an additional…
FG Asset Sales in 2026: Revenue Generation Overshadows Efficiency, Analysts Warn
Analysts have raised concerns over the Federal Government’s (FG) plan to sell selected state-owned assets and…
Nigeria’s Oil Output Falls 6.3% in January 2026 Amid Price Volatility
Nigeria’s oil production fell sharply in January 2026, raising concerns about the country’s ability to meet both…
Naira Strengthens to N1,337/$ Amid Global Peace Talks: What It Means for Nigeria’s…
The Nigerian Naira has shown signs of recovery, strengthening to N1,337 per U.S. dollar at the official foreign…
Chams Enters Nigeria’s AI Infrastructure Race with New Subsidiary ChamsCorp
Chams Holding Company Plc, one of Nigeria’s pioneering technology firms, has officially launched a new subsidiary,…
Meta Study Reveals Parental Controls May Not Stop Teens’ Social Media Overuse
A recent internal study by Meta, called Project MYST, suggests that parental supervision and controls—like time…
FG to Review $6.2 Billion MTN-IHS Deal Amid Telecoms Sector Risks
The Federal Government of Nigeria has announced plans to closely scrutinise MTN Group’s proposed $6.2 billion…
Petralon Energy Hits First Oil at Dawes Island, Wins Shell Backing
Petralon Energy has officially struck first oil at its Dawes Island Field, earning strong backing from Shell…
Nigeria Loses N1.76 Trillion After Missing OPEC Crude Oil Quota
Nigeria’s oil sector suffered a staggering N1.76 trillion loss in potential revenue after failing to meet the…
CBN Remains Sole Authority on Exchange Rates for Trade, Clarifies Nigeria Customs
The Nigeria Customs Service (NCS) has clarified that it does not independently set or adjust exchange rates used…