Dangote Refinery Slashes Petrol Price to N840 Amid Global Oil Drop, Plans…
Dangote Petroleum Refinery has announced a reduction in its ex-depot petrol price to N840 per litre, marking a N40…
SEC Urges AI Surveillance to Future-Proof Nigeria’s Capital Market
The Director-General of Nigeria’s Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has called for…
Nigerian Crude Falls Below $70 as Global Oil Market Faces Oversupply Fears
Crude oil prices for Nigeria's main export grades—Bonny Light, Brass River, and Qua Iboe—have fallen below $70 a…
Nigeria’s Money Supply Contracts Again Amid Monetary Tightening
Nigeria’s broad money supply (M3) experienced a second monthly decline in 2025, falling by N292.75 billion or…
OpenAI Denies Plans to Use Google’s AI Chips at Scale Amid Industry Speculation
OpenAI has clarified that it has no current plans to adopt Google’s in-house AI chips for its products, following…
Smartcomply Launches Partner Programme to Strengthen Africa’s Cybersecurity…
Smartcomply, a leading African cybersecurity and compliance solutions provider, has unveiled its new Smartcomply…
Elon Musk’s xAI Secures $10 Billion in Debt and Equity Funding to Boost AI…
Elon Musk’s artificial intelligence startup, xAI, has successfully raised $5 billion through debt financing…
Iran-Israel Conflict Poses New Threats and Opportunities for Nigeria’s Fragile…
The escalating conflict between Israel and Iran is reshaping global economic dynamics, with ripple effects…
FG Spends N611.7bn in March on Domestic Dollar Bond Repayment – DMO
The Federal Government of Nigeria spent N611.71 billion in March 2025 to service its first-ever domestic US…
Analysts Call for Review of Ghana’s 3% Flat Tax for Small Businesses Amid New Tax…
Tax analysts in Ghana are urging the Ghana Revenue Authority (GRA) to reconsider the 3% flat tax rate applied to…
Investors Gain N5.49 Trillion in June as Consumer Goods, Insurance, and Banking…
Nigeria’s equities market delivered a strong performance in June 2025, gaining approximately N5.49 trillion in…
Nigeria Records $3.73bn Current Account Surplus in Q1 2025, Driven by Non-Oil…
Nigeria posted a current account surplus of $3.73 billion in Q1 2025, according to the Central Bank of Nigeria…
Bitget Launches Institutional Crypto Services to Empower Nigeria’s Fintech…
Bitget, a global cryptocurrency exchange and Web3 company, has launched a new suite of institutional services in…
Nigeria’s External Reserves Drop $3.5bn in Six Months Despite Naira Stability
Nigeria’s external reserves have declined by $3.51 billion in the first half of 2025, dropping from $40.883…
Nigerian Stock Market Closes June with N11bn Loss Amid Profit-Taking and Mixed…
The Nigerian stock market ended the month of June on a subdued note, recording a modest loss of N11 billion on the…
216 Chinese Investors Target Nigeria’s Key Sectors After Landmark Nigeria-China…
At the recent Nigeria-China Sustainable Business Bilateral Trade and Investment Summit held on June 23, 2025, in…
World Bank Approves $65m Additional Loan to Boost Nigeria’s Procurement Reform
The World Bank has approved an additional $65 million credit facility for Nigeria, bringing total funding under…
US-Africa Business Summit Generates $2.5 Billion in Trade Deals, Strengthening…
The 17th U.S.-Africa Business Summit, held from June 22 to 25, has concluded with over $2.5 billion in new trade…
Shareholders Oppose Law Mandating Transfer of Unclaimed Dividends to CBN
Shareholders under the Independent Shareholders Association of Nigeria (ISAN) have strongly opposed the new…
Ultra App Launches in Nigeria, Ushering in a New Era of Seamless Financial…
Nigeria’s financial technology landscape has taken a significant leap forward with the launch of Ultra App, a…
Banks’ Deposits with CBN Surge 730% to N67.72trn, Reflecting Excess Liquidity Amid…
In the first half of 2025, Nigerian banks’ deposits with the Central Bank of Nigeria (CBN) soared to N67.72…
Marketers Expect Petrol Price Drop as Global Crude Oil Rates Fall
Petroleum marketers in Nigeria are anticipating a reduction in petrol pump prices following a notable drop in…
Nigeria’s Promissory Notes Drop by 15.6% Amid Rising Debt Pressures
Nigeria’s outstanding promissory notes declined by 15.6% in the first quarter of 2025, according to the Debt…
Nigerian Bank Compliance Chiefs Call for AI-Driven Risk Management to Tackle…
The Association of Chief Compliance Officers of Banks in Nigeria (ACCOBIN) has advocated for the integration of…
US Banks Surge After Passing Fed Stress Test, Paving Way for Shareholder Payouts
Wall Street's leading banks saw a boost in premarket trading after all 22 major institutions passed the Federal…
Investors Pivot to Europe Amid U.S. Tariff Uncertainty Under Trump
A growing number of global investors are shifting their focus from the U.S. to Europe, driven by growing…
NCC Champions New Policy to License Community Networks for Rural Connectivity
The Nigerian Communications Commission (NCC) has proposed a policy initiative to license and support the…
Nigerian Stock Market Soars, Adds N1.43 Trillion in One Week
In a strong display of investor confidence, the Nigerian equities market gained N1.43 trillion in market value…
Nigeria Sets Sights on $128 Trillion Global Asset Market as Mutual Funds Surge
Nigeria is positioning itself to tap into the booming $128 trillion global asset management market, buoyed by a…
CBN Reports $3.73bn Current Account Surplus in Q1 2025, Boosted by Non-Oil Exports…
Nigeria recorded a current account surplus of $3.73 billion in Q1 2025, driven primarily by a sharp increase in…