Yields on Nigerian Treasury bills eased by three basis points to an average of 17.72 per cent in the secondary market, as investors increased exposure to naira-denominated assets ahead of the 2026 auction cycle. Market activity reflected adjustments following the Central Bank of Nigeria’s recent repricing of rates across short-, medium- and long-tenor bills at its December auctions. […]
Bitcoin and Ethereum-led sell-offs dragged the global cryptocurrency market capitalisation below the $3 trillion mark on Tuesday, underscoring renewed investor caution driven by regulatory uncertainty, weak risk appetite and growing fatigue across altcoins. Market volatility intensified as bears regained control, pushing major digital assets lower and erasing gains recorded earlier in the week. The global […]
African Eurobonds rallied this week as foreign portfolio investors adjusted portfolios in response to global interest rate movements and fluctuations in oil prices. In the U.S., the Federal Reserve adjusted fed fund rates by 25 basis points three times this year, while the European Central Bank (ECB) maintained steady rates, and the Bank of England […]
Guinea Insurance Plc has marked a key milestone in its transformation journey, with shareholders endorsing the Board’s capital raise plan at a virtual Extraordinary General Meeting (EGM) held in Lagos. The meeting, held in compliance with the Business Facilitation (Miscellaneous Provisions) Act 2022 and the Companies and Allied Matters Act (CAMA) 2020, saw active participation […]
The Group Chairman of the Nigerian Exchange Group (NGX), Dr Umaru Kwairanga, has said foreign exchange reforms introduced by President Bola Tinubu have attracted unprecedented levels of investment into Nigeria, despite the initial pains associated with the policy shift. Kwairanga, who spoke in an interview in Gombe on Saturday, described the reforms as a necessary […]
As Nigeria braces for another high-intensity “Detty December,” the aviation sector once again takes centre stage in the festive economy. Lagos and Abuja are preparing for a sharp influx of international arrivals for Christmas celebrations, driven by returning diaspora Nigerians, tourists, entertainers, and investors. In this analysis, MOTOLANI OSENI, Lagos Bureau Chief/Head Southern Operations, goes […]
Rising insecurity across Nigeria is fundamentally reshaping how small and medium-sized enterprises operate, pushing traders, transporters and producers to redesign supply chains as fears of kidnappings, highway attacks and communal violence intensify. For many SME owners, survival is now driven less by market demand and more by the need to stay alive. Across major commercial […]
With the January 1, 2026, commencement of Nigeria’s new tax reforms drawing closer, businesses across the country are accelerating their transition to e-invoicing to reduce compliance risks and avoid potential penalties. Data from Afri Invoice shows a sharp uptick in onboarding, as companies rush to digitalise invoicing systems ahead of the Federal Inland Revenue Service […]
Nigeria is positioning its vast natural gas resources at the centre of a bold continental energy push as it joins Ethiopia to drive a new cross-border gas supply network aimed at easing Africa’s persistent energy shortages. The two countries have launched a large-scale infrastructure proposal designed to reshape regional energy access, industrial growth and environmental […]
The World Bank has warned that increasing dependence on air conditioning to cope with rising temperatures could place severe pressure on electricity grids in Nigeria and other developing economies with weak or limited power infrastructure. The warning is contained in the World Development Report 2025: Standards for Development, which notes that as global temperatures climb, […]
Nigeria is positioned to lead Africa’s upstream investment push with an estimated $41 billion in capital expenditure by 2026, according to the African Energy Chamber’s State of African Energy 2026 Outlook Report. The projection places Nigeria at the forefront of the continent’s contribution to the expected $504 billion global E&P CAPEX within the same period, driven […]
At least 29 listed companies paid N3.06 trillion in taxes to the Federal Inland Revenue Service (FIRS) and other revenue agencies in the first nine months of 2025, representing a 176 per cent increase over N1.11 trillion remitted during the same period in 2024. The firms span key sectors of the Nigerian economy, including telecommunications, […]
Ellah Lakes Plc has announced an extension of its ongoing N235 billion public offer, following approval from the Securities and Exchange Commission (SEC), providing additional time for investors to participate in one of Nigeria’s largest agribusiness equity offerings. The company is offering 18.8 billion ordinary shares of 50 kobo each at N12.50 per share. Initially […]
Globacom has executed major upgrades across its national network following new spectrum acquisitions and expanded data resources, a move the company says will deliver faster internet speeds, wider coverage and congestion-free service for subscribers nationwide. The enhancements, activated on Thursday, 4 December 2025, form part of Glo’s long-term plan to build a future-ready communications backbone […]
The Federal Government has moved to restore confidence in Nigeria’s gas sector after President Bola Tinubu approved the repayment of N185 billion in long-standing debts owed to natural gas producers, a liability that has constrained supply and weakened power generation for years. The intervention, endorsed on Wednesday by the National Economic Council (NEC) chaired by […]
The Federal Inland Revenue Service (FIRS) has moved to quell growing public anxiety over the controversial 4 percent development levy on imported goods, insisting the charge is not an additional burden on businesses but a consolidation of existing taxes aimed at simplifying Nigeria’s fiscal framework and restoring investor confidence. In a statement issued on Wednesday, […]
Africa has taken a major step toward financial sovereignty and seamless intra-continental trade with the unveiling of the Pan-African Payment and Settlement System (PAPSS) in Lagos, a joint initiative by Afreximbank, the African Union and the AfCFTA Secretariat. The launch, held at the maiden Conference on Worldwide and Regional Payment (COWRY), marks a historic effort […]
Google, through its philanthropic arm Google.org, has Kickstarter leadership a N3 billion (US$2.1M) commitment to Nigeria to accelerate the nation’s digital transformation through a strategic, two-pillar initiative. This funding will support programmes focused on building advanced AI talent and strengthening digital safety and security within the community. This initiative is a core commitment to advancing […]
In a move that reinforces Nigeria’s commitment to strengthening local participation in the oil and gas sector, the Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian Export-Import Bank (NEXIM) have disbursed $42 million to SMEs to enhance indigenous capacity and competitiveness. Surpassing the initial $30 million fund, this initiative aligns with the goals […]
The National Insurance Commission (NAICOM) has commended Continental Reinsurance Plc for convening the 2025 CEO Roundtable, themed “Recapitalisation & Beyond: Rethinking Risk, Capacity and Collaboration for a Resilient Insurance Sector.” The regulatory body described the forum as timely, strategic, and central to shaping the future of Nigeria’s insurance industry as the sector enters a new […]