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Transcorp Power emerges top NGX weekly gainer

NGX foreign transactions drop 91% in April

  • 23rd May 2025

FG eyes N300b from FGN bond market in

  • 22nd May 2025
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Access Bank partner Deloitte to grow SMEs

  • 21st May 2025

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  • 20th May 2025

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IPMAN accuses NMDPRA of withholding fuel bridging claims 

Oil and Gas
Transcorp Power emerges top NGX weekly gainer

NGX foreign transactions drop 91% in April

Business

Enugu unveils council to boost $30b economy

Business
Google launches AI-powered app NotebookLM

Google faces antitrust probe over AI Chatbot deal

Tech

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Oil and Gas

IPMAN accuses NMDPRA of withholding fuel bridging claims 

The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Shettima, has raised concerns over unpaid fuel bridging claims by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. Shettima made this known during a courtesy visit to the FCT Director of the Department of State Services, Usman Dauda, on Tuesday. While commending President […]

Transcorp Power emerges top NGX weekly gainer
Business

NGX foreign transactions drop 91% in April

Foreign portfolio transactions on the Nigerian Exchange Limited nosedived by 90.99% in April 2025, dropping to N63.07 billion from N699.89 billion in March, according to the NGX’s latest Domestic and Foreign Portfolio Investment report. The steep decline follows a March surge driven by large block trades that inflated foreign inflows, which failed to materialize in […]

Business

Enugu unveils council to boost $30b economy

Governor of Enugu State, Dr. Peter Mbah, on Thursday inaugurated the Enugu State Ease-of-Doing-Business Council as part of his administration’s goal to grow the state’s economy from $4.4 billion to $30 billion by establishing it as a leading center for business, investment, tourism, and quality living. At the Government House in Enugu, where he also […]

Google launches AI-powered app NotebookLM
Tech

Google faces antitrust probe over AI Chatbot deal

The United States Justice Department is investigating whether Alphabet Inc.’s Google violated antitrust laws through a deal with Character.AI, a prominent chatbot developer, sources familiar with the matter revealed. The probe focuses on whether Google structured the agreement to evade formal merger scrutiny by regulators, according to individuals who spoke on condition of anonymity due […]

Germany charges Apple with antitrust violations over app tracking tool
Business

Nigeria crucial to meeting hydrogen needs – Envoy

German Ambassador to Nigeria, Annett Gunther, has stated that Germany is looking to Nigeria as a critical supplier in its quest to meet growing hydrogen demands and advance its green energy transition. Speaking at the opening of a two-day working group meeting on Nigeria’s hydrogen policy in Abuja, Gunther highlighted Nigeria’s abundant natural resources, strategic […]

Tech

OpenAI, Oracle, Nvidia, Cisco partner for UAE’s largest AI hub

OpenAI, Oracle, Nvidia, Cisco, and other tech giants are collaborating on a groundbreaking artificial intelligence infrastructure project in the United Arab Emirates. This initiative, known as Stargate UAE, aims to establish one of the world’s largest AI data centers, marking a significant expansion of AI capabilities beyond the United States. “AI is the most transformative […]

Business

FG eyes N300b from FGN bond market in May 

The Federal Government of Nigeria, via the Debt Management Office, aims to raise N300 billion from the domestic bond market in May 2025, marking a 12.5% decline from the N350 billion offered in April 2025. This reduction suggests a moderate adjustment in borrowing strategy, possibly reflecting improved fiscal conditions, lower immediate funding requirements, or strategic […]

Dangote Refinery loses N32.5bn after petrol price cut
Oil and Gas

Dangote refinery cuts petrol prices nationwide

Dangote Petroleum Refinery has lowered the pump price of Premium Motor Spirit across Nigeria. The new prices are set at N875 per litre in Lagos and N905 per litre in other parts of the country. This price adjustment reflects a N15 reduction per litre in Lagos. The update was announced on Thursday via the Dangote […]

Business

Edun inaugurates new AMCON board to boost financial sector stability

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has officially inaugurated the new Board of Directors of the Asset Management Corporation of Nigeria, marking a fresh phase in the Corporation’s efforts to stabilize the financial sector, enhance asset recovery, and manage an orderly institutional wind-down. The newly appointed board, chaired by […]

News

MAN accuses Banks of sabotage over unresolved FX contracts 

The Manufacturers Association of Nigeria has voiced serious concerns over what it terms the unfair treatment of its members by some commercial banks regarding unresolved foreign exchange forward obligations. In a statement released on Thursday and signed by its Director General, Segun Ajayi-Kadir, the Association urged the Central Bank of Nigeria to take immediate action […]

Telcos to receive $1bn network equipment in July — Minister
News

Telcos to receive $1bn network equipment in July — Minister

Nigeria’s telecommunications industry is set for a major boost as operators have committed over $1 billion to network equipment purchases, marking the sector’s largest infrastructure investment in years. Deliveries are expected to begin in July, the Minister of Communications and Digital Economy, Dr. Bosun Tijani, announced on Thursday. Speaking during an interview on TVC, Dr. […]

Canal+ edges closer to MultiChoice takeover as regulators back R55bn deal
News

Canal+ edges closer to MultiChoice takeover as regulators back R55bn deal

French media giant Canal+ has moved a step closer to acquiring South African pay-TV heavyweight MultiChoice after South Africa’s Competition Commission recommended approval of the R55 billion (approximately $2.9 billion) merger, albeit with a series of stringent conditions aimed at protecting the public interest. In a statement released this week, the Commission said it would […]

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