The Nigerian equities market experienced a sharp reversal after hitting record highs earlier in August 2026. A broad-based NGX sell off wipes N5.9 trillion from aggregate market capitalization across consecutive trading sessions, driven by heavy profit-taking among major institutional investors.…
The Securities and Exchange Commission (SEC) has proposed a minimum capital requirement of up to ₦2 billion alongside a ₦30 million registration fee for Nigerian digital asset or crypto operators. These proposals form part of the SEC’s draft rules governing…
As the English Premier League season kicks off, thousands of DStv GOtv subscribers face activation delays across Nigeria. Pay-TV customers attempting to renew their accounts faced payment processing glitches, delayed error code clearing, and slow signal restoration right before match…
Kenya, Ethiopia and Rwanda have expressed interest in joining the multibillion-dollar refinery project after the Dangote Group offered East African countries a combined 30% stake in its proposed refinery in Kenya. Kenyan President William Ruto’s economic adviser, David Ndii, disclosed…
In a dramatic shift of fortune across West African financial markets, the Femi Otedola net worth surge has brought the Nigerian industrialist within striking distance of the $2 billion mark. His total net worth reached an estimated $1.8 billion following…
Lagos State is making its boldest move yet to overhaul its public transportation grid. Under the Bus Industry Transition Programme (BITP), government officials signed a landmark agreement with transport unions to phase out the iconic yellow Danfo buses. The initiative…
Giving directions in Nigeria often involves landmarks like “the blue gate past the second junction.” Starting October 1, 2026, Nigeria launches digital postcode system October 1 operations to replace this informal habit with precision. The Nigerian Postal Service (NIPOST) is…
The Dangote Refinery has announced a reduction in the prices of Premium Motor Spirit (PMS), commonly known as petrol, and Automotive Gas Oil (AGO), or diesel, across Nigeria. The 700,000-barrel-per-day refinery reduced its petrol gantry price on Wednesday from N1,215…
In a significant escalation of international economic sanctions, Donald Trump announces most crushing economic operation targeting Iran. The US President declared a campaign of full-scale economic warfare, warning foreign governments and global companies that assisting Tehran will bring direct American…
In a bold move bridging African entertainment and capital markets, Mr Eazi eyes NGX listing for tech ventures across his expanding business portfolio. The musician-turned-venture-capitalist, legally known as Oluwatosin Ajibade, revealed his ambitions to give local retail investors direct equity…
In a significant operational breakthrough, the EFCC recovers N4.5 billion diesel from Lagos depot operations following a comprehensive fraud investigation. Investigators attached to the Lagos Zonal Directorate 1 of the commission successfully retrieved 2.3 million litres of Automotive Gas Oil…
The Kano State Government has officially set a new standard for grassroots digital infrastructure. To expand educational opportunities, Kano awards 27.8 billion contracts for ICT CBT centres across all 44 Local Government Areas. This ambitious project aims to bring digital…
Trading volume in the official foreign exchange market experienced a dramatic rebound this week. NAFEM turnover surges to 1.41 billion dollars, marking the highest single-day trading figure in five weeks. This sudden influx of liquidity provides much-needed relief to local…
Nigeria’s deep-seated passion for sports has fostered a massive consumer market, yet domestic clubs barely capture its wealth. Millions of local fans tune in weekly to watch European matches, paying for satellite subscriptions, sports betting slips, and official jerseys. Consequently,…
Tech billionaire Elon Musk experienced another massive wealth surge as the Elon Musk net worth jumps by an estimated $30 billion within a single 24-hour trading session. This sharp rise strengthens his position as the world’s richest individual, widening the…
