Lagos Estates Face Soaring Electricity Costs as Poor Grid Supply Forces Heavy…
Residents of gated housing estates across Lagos are experiencing a sharp rise in electricity costs, with monthly…
FX reforms stabilize Nigeria automotive industry despite rising costs
The Association of Automobile, Boatyards, Transport Equipment and Allied Employers of Nigeria (AABTEAEN) says…
Iran Cuts Oil Output Amid Storage Crisis as Geopolitical Tensions Shake Global Oil…
Iran has begun reducing its oil production as its storage facilities near full capacity, following a sharp slowdown…
IMF Warns AI Cyber Attacks Could Disrupt Global Financial System
The International Monetary Fund has raised fresh concerns over the growing threat of artificial intelligence-driven…
Financial Trust Company Targets Pan-African Expansion, Seeks Increased Capital…
Financial Trust Company (FTC) is setting its sights on continental expansion as it celebrates its 50th anniversary,…
Elon Musk Lawsuit Puts OpenAI Safety Record Under Scrutiny
A high-profile lawsuit by Elon Musk is drawing fresh attention to the safety practices at OpenAI, raising questions…
NGX RegCo Recovers N500 Million for Investors in Crackdown on Market Infractions
Nigeria’s capital market received a confidence boost as NGX Regulation Limited (NGX RegCo) announced it has…
Nigeria–China Zero-Tariff Policy Spurs Export Opportunities, but Concerns Persist
Nigeria’s export sector is entering a new phase as businesses begin to explore opportunities under the Nigeria…
Reps Blame NCC Over Poor Telecom Services Nationwide, Demand Stronger Regulation
Nigeria’s House of Representatives has strongly criticised the Nigerian Communications Commission (NCC) over what…
Nigeria Capital Market Inflows to Hit N10.53trn in May – FMDA Forecasts Liquidity…
Nigeria’s financial system is set for a significant liquidity boost, with the Financial Markets Dealers Association…
Elon Musk’s Exit from OpenAI Explained: Inside the 2017 Control Clash That Split…
In 2017, tensions inside OpenAI began to surface as the small nonprofit research lab debated how to transition into…
Elon Musk’s SpaceX Plans $55bn Texas “Terafab” Chip Factory to Power AI and Space…
Elon Musk’s SpaceX is making a bold move into the semiconductor industry with plans to build a massive $55 billion…
U.S. Oil Export Surge Under Scrutiny as Gas Prices Jump Across All 50 States
The United States is facing growing scrutiny over its rising oil and fuel exports as gasoline prices climb sharply…
Naira Exchange Rate Strengthens Against US Dollar, Nears N1,350 Mark Amid Market…
The Nigerian naira continued its upward movement against the US dollar in the official foreign exchange market on…
Tier-One Banks Post N14.9 Trillion Earnings in 2025 as Interest Rate Pressures…
Nigeria’s four major tier-one banks—Access Holdings, Zenith Bank, Guaranty Trust Holding Company (GTCO), and United…
$1 Trillion Economy: Tinubu Courts Global Investors in Paris, Cites 11.2% GDP…
President Bola Tinubu has engaged global investors in Paris, France, where he spotlighted Nigeria’s ongoing…
Nigerian Banks Earn N18.2tn in 2025 Despite Profit Decline Amid Loan Losses and…
Nigeria’s biggest banks posted a mixed financial performance in 2025, as strong revenue growth and expanding…
Nikkei 225 Tops 62,000 for First Time as Asia Markets Rally Despite Trump’s Iran…
Asian markets recorded a strong surge on Thursday, with Japan’s benchmark Nikkei 225 index breaking a major…
NGX Market Rally Adds N629bn as Airtel Africa, 46 Stocks Drive Strong Bullish…
The Nigerian Exchange Limited (NGX) closed on a positive note as investor confidence strengthened, pushing the…
Nigerian Stock Market Rebounds as Investors Drive N629bn Gain Amid Fresh Buying…
The Nigerian equities market closed on a positive note as renewed buying interest pushed overall market performance…
LBIC Reports 43% Profit Surge, Targets Capital Expansion and Digital Mortgage…
Lagos Building Investment Company (LBIC) Plc has posted a strong financial performance, recording a 43 per cent…
Nigeria, Others Poised to Lead Africa’s $65bn Digital Finance Boom by 2030—BCG…
Africa’s financial technology sector is on track for massive expansion, with revenue expected to reach about $65…
Food Prices in Nigeria Rise and Fall in March 2026, NBS Reports Mixed Trends
Fresh data from the National Bureau of Statistics (NBS) shows a mixed pattern in food prices across Nigeria in…
Oil Prices Drop 11% as US–Iran Peace Deal Nears, Easing Global Supply Fears
Global oil prices experienced a sharp decline on Wednesday as Brent crude dropped about 11 percent, slipping below…
Dangote Refinery Exports Over 57 Million Barrels of Jet Fuel as Global Demand…
Dangote Petroleum Refinery has exported an estimated 57 million barrels of jet fuel between April 2024 and April…
FMDA projects N10.53 trillion inflows in May on heavy OMO maturities
Nigeria’s fixed income market is expected to experience a major liquidity boost in May 2026, with projected inflows…
Dangote Group Targets Dollar Bond Sales to Fund Massive Expansion Drive
Dangote Industries Limited is ramping up plans to raise more funds from international investors as it…
Nigeria Eurobonds rally as yields fall below 8% for the first time
Nigeria’s sovereign Eurobonds have entered historic territory, with yields dropping below 8 percent across the…
Nigeria’s Mining Sector Attracts $2.6bn Investment in 30 Months – Shettima
Nigeria’s mining sector has attracted approximately $2.62 billion in investments over the past 30…
NGX Gains 0.41% as Airtel Africa Leads Rally, CWG Drives Market Activity
The Nigerian Exchange (NGX) closed trading on May 6, 2026, on a positive note, advancing by 0.41% to settle…