Thanks to the increasing popularity of fast, economical 4G/5G networks, the fact that even low-cost phones come well equipped with...
Nigeria’s use of foreign exchange nearly doubled to $50.93 billion in 2025 as businesses, financial institutions and importers increased demand...
FirstBank of Nigeria Limited is spending more than N6 billion annually on cybersecurity as the lender expands its digital banking...
Dangote Petroleum Refinery has secured extended court protection against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), allowing the...
Banking system liquidity surged to N7.35 trillion as the Central Bank of Nigeria (CBN) lowered rates on Open Market Operation...
The Dollar to Naira exchange rate in Nigeria’s black market, also known as the parallel market, remained largely stable on...
Broad-based selling intensified on the Nigerian Exchange (NGX) on Wednesday with five equities hitting the Exchange’s maximum daily decline as...
Champion Breweries Plc and VFD Group Plc bucked the broader market trend on Wednesday as both stocks recorded strong gains...
Banking stocks remained the Nigerian Exchange’s (NGX) primary source of liquidity on Wednesday as Zenith Bank Plc recorded the highest...
Nigeria is on the brink of losing a $27.29 billion investment earmarked for the development of the Escravos Seaport Industrial Complex (ESIC) in Delta State. The...
Nigeria’s food import bill has surged to a five-year high in the first quarter of 2024, despite the federal government declaring a state of emergency on...
The Nigerian equity market experienced a significant downturn on Tuesday, losing N92.32 billion in market value. This decline was largely driven by drops in the share...
Ethiopia has announced a 21% increase in its 2025 budget, marking the first budget since defaulting on a Eurobond payment and committing to economic reform discussions...
Shares of African e-commerce giant Jumia (JMIA) surged to $8.67 on Monday, a significant milestone in the company’s remarkable recovery this year. This price represents the...
Tolaram Group has acquired a 58.02% stake in Guinness Nigeria from Diageo Plc. for ₦81.60 per share, representing approximately a 60% premium over Guinness Nigeria’s closing...
Spotify Technology SA is set to introduce a new, higher-priced premium plan later this year for its most dedicated users. Dubbed the Premium Plus Plan, this...
In a landmark announcement at the Worldwide Developers Conference (WWDC) 2024, Apple unveiled a suite of innovative features, headlined by the integration of OpenAI’s ChatGPT into...
The Federal Government has declared Wednesday, June 12, a public holiday in commemoration of this year’s Democracy Day celebration. The announcement was made in a statement...
Africa’s largest oil refinery, the Dangote Refinery, has postponed the start of its premium motor spirit (PMS) production, commonly known as petrol, from June to mid-July....
