Dangote Dominates N14.4tn Petrol Market: Experts Warn of Monopoly Risks in Nigeria
Nigeria’s energy sector is facing a major shake-up as Dangote Petroleum Refinery now supplies over 90% of the nation’s petrol,…
Wale Edun Assures Nigerians of Stable Food Prices Amid Global Economic Uncertainty
Nigeria’s Finance Minister and Coordinating Minister of the Economy, Wale Edun, has reassured citizens that the federal government is committed…
Strategic Market System to Transform Nigeria’s Agricultural Value Chain – FG
The Federal Government has announced that a strategic market system will revolutionize Nigeria’s agricultural sector by transforming subsistence farming into…
Investor Appetite Soars as Nigeria’s February Bond Auction Records 92% Bid-to-Cover Ratio
Nigeria’s February bond auction drew robust investor interest, as the Debt Management Office (DMO) issued N800 billion in Federal Government…
SEC engages over 500 firms in radical push for investor protection
Nigeria’s Securities and Exchange Commission (SEC) has intensified efforts to protect investors while fostering innovation by engaging more than 500…
NERC Orders Private Substations to Secure Permits Within 45 Days to Strengthen Nigeria’s Grid
The Nigerian Electricity Regulatory Commission (NERC) has ordered all owners of private transmission substations connected to the national grid to…
Net Foreign Exchange Inflow into Nigeria Drops 18% to $61.3 Billion in 11 Months
Nigeria’s net foreign exchange (forex) inflow fell sharply by 18.3 percent year-on-year to $61.29 billion in the eleven months ending…
Nigeria’s Food Import Bill Hits N7.65 Trillion in 2025 Amid Rising Domestic Demand
Nigeria’s spending on imported food and beverages surged to N7.65 trillion in 2025, signaling the country’s growing dependence on foreign…
Nigeria Launches N10 Billion Fund to Boost Greenfield Sugar Projects
The National Sugar Development Council (NSDC) and the Bank of Industry (BOI) have teamed up to establish a N10 billion…
Kenya and Rwanda Central Banks Partner to Simplify Cross-Border Payments
The Central Bank of Kenya (CBK) and the National Bank of Rwanda (NBR) have signed a groundbreaking Memorandum of Understanding…
China, US Lead Nigeria’s N17.25 Trillion Import Market in Q4 2025
Nigeria’s import market remained heavily concentrated in the fourth quarter of 2025, with a small group of countries supplying the…
European Stocks Slide as Oil Prices Surge Despite Record IEA Reserve Release
European stocks fell further on Thursday as investors grappled with soaring oil prices and ongoing tensions in Iran. The pan-European…
NGX Loses N107bn as Profit-Taking Deepens Bearish Sentiment in Nigerian Stock Market
Trading activities on the Nigerian Exchange Limited closed on a slightly negative note on Wednesday as investors continued to take…
Iran Threatens Strait of Hormuz Oil Shipments as $200 Per Barrel Price Warning Sparks Global Energy Fears
Tensions in the Middle East have intensified after Iran warned it could block oil shipments passing through the strategically important…
Nigeria Spent $5.2bn Servicing External Debt in 2025 – CBN Data Reveals Rising Financial Pressure
Nigeria spent about $5.21bn servicing external debt in 2025, according to data released by the Central Bank of Nigeria. The…
Seplat Energy to Drill 17 Wells in 2026, Targets 155,000 Barrels Daily Output
Seplat Energy Plc has unveiled an ambitious plan to drill 17 new wells in 2026 as part of efforts to…
TikTok Boosts AI and Media Literacy in Sub-Saharan Africa with $200,000 Investment
TikTok has announced an additional $200,000 in ad credits to support local organizations across Sub-Saharan Africa in expanding AI media…
CBN Deploys AI-Powered Surveillance to Track Money Laundering in Nigerian Banks
The Central Bank of Nigeria (CBN) has taken a major step to curb financial crime by mandating banks and financial…
NTB Subscription Falls to N6.13 Trillion Amid Low Yields and Policy Adjustments
The Nigerian Treasury Bills (NTB) market has witnessed a significant decline in investor subscription, dropping to N6.13 trillion in the…
Nigerian Companies Report N19.81 Trillion Operating Expenses Amid Inflation and FX Pressures
Despite a gradual decline in Nigeria’s inflation rate to 15.51% and relative stability in the foreign exchange market, 20 listed…
NGX All-Share Index Falls Below 197,000, Market Loses 0.57% Amid Mixed Trading
The Nigerian Exchange Group (NGX) All-Share Index closed the trading session on March 10, 2026, on a negative note, dropping…
Dangote Refinery Dominates Nigeria’s Petrol Market as FG Halts Imports
Nigeria’s petrol market is witnessing a historic shift as the Dangote Petroleum Refinery now supplies about 92% of the country’s…
FG Approves Bonga Southwest Aparo Project, Eyes $20bn Oil Investment
The Federal Government of Nigeria has given the green light to the Bonga Southwest Aparo project, a long-delayed deepwater oil…
FG Deploys 100,000 CNG Kits as Nigerians Face Near N3 Trillion Fuel Spend in March
The Federal Government has announced the immediate nationwide rollout of about 100,000 Compressed Natural Gas (CNG) conversion kits to help…
TECNO Camon 50 Series Launches with Advanced AI Features for Nigeria’s Digital Creators
TECNO Mobile has officially unveiled its latest flagship lineup, the Camon 50 Series, signaling a stronger push into artificial intelligence-driven…
AI-Powered Apps Struggle to Retain Users Despite Early Revenue Gains
The rapid rise of AI-powered apps has transformed the app store landscape, but a new report shows that early excitement…
Naira Hits N1,400/$ Amid Global Tensions: What This Means for Nigeria’s FX Market
The naira traded at N1,401.4 per dollar on Tuesday at Nigeria’s official foreign exchange (FX) market, marking a continued depreciation.…
Dangote Reduces Petrol Prices by ₦100 Amid Global Oil Volatility: What Nigerians Need to Know
Dangote Petroleum Refinery announced a ₦100 reduction in the ex-depot price of Premium Motor Spirit (PMS) yesterday, aiming to ease…
Google Brings Gemini AI to Chrome in India, Expanding Multilingual Support
Google has officially launched its Gemini AI integration for Chrome in India, alongside Canada and New Zealand. The new rollout…
Oil Price Surge Boosts Naira Stability and Strengthens Nigeria’s FX Reserves
Nigeria is witnessing a renewed boost to its foreign exchange reserves and naira stability, thanks to surging global oil prices.…