The country’s external reserves hit 55 billion dollars in October 2026 as sustained foreign exchange inflows expanded total liquidity buffers. According to data released by the Central Bank of Nigeria (CBN), gross foreign exchange reserves rose by approximately $115 million…
E-hailing drivers in Lagos State have commenced an indefinite strike action, citing unresolved disputes over fare structures, platform commission rates, earnings deductions, and overall driver welfare. In an official notice issued on Sunday, operators under the aegis of the Amalgamated…
State authorities are aggressively expanding grid capacity as the electricity supply for Lagos target seeks to cross 3,000 megawatts by March 2027. Also read Lagos State Cracks Down on Buyers Supporting Illegal Street Trading Speaking through Deputy Governor Dr. Kadri…
In a troubling turn for overseas education, UK universities withdraw offers to Nigerian students as stringent immigration enforcement forces higher education institutions to protect their recruitment licences. According to Home Office immigration statistics and global enrollment analysis, the withdrawal rate…
The platform expanded its market dominance as OPay digital loan disbursements share reached 57.4 percent of Nigeria’s total digital lending market during 2025. According to regulatory filings submitted to the U.S. Securities and Exchange Commission (SEC) ahead of its proposed…
The United States government has warned American corporate executives and investors about detention risks in Nigeria, particularly during routine business trips involving companies facing regulatory audits, tax disputes, or corporate conflicts with Nigerian authorities. The advisory was released in the…
Plans to establish a merchant bank in Nigeria are currently underway, according to Dapo Olagunji, Managing Director of J.P Morgan West Africa. Pending final regulatory approval, operations are expected to commence before the end of 2026. Olagunji announced the expansion…
Billionaire investor Femi Otedola gains N1.48 trillion in the market value of his direct holdings in First HoldCo during the third quarter of 2026. According to capital market transaction filings from the Nigerian Exchange, the substantial surge lifted the total…
The government plans to deploy a large-scale mechanised farming model in Nigeria by adopting proven agribusiness strategies from Ethiopia to expand domestic crop production. Speaking during an official delegation tour in Ethiopia’s agricultural hubs, Vice President Kashim Shettima stated that…
FMDQ Group Managing Director and Chief Executive Officer Zeal Akaraiwe has called on financial regulators to expand hedging products in Nigerian market structures while foreign exchange conditions remain stable. Also read Naira Slips as FX Turnover Hits 1 Billion Dollars…
Sovereign securities continue to dominate fixed-income activity as government debt listings on NGX accounted for 80 percent of all new and supplementary listings in the first nine months of 2026. According to the latest X-Compliance Report published by Nigerian Exchange…
Lagos-founded global mobility company Moove has announced plans to discontinue its operations in Nigeria six years after its launch. As part of its market exit, the company revealed on Thursday that it will transfer full ownership of eligible vehicles valued…
Rising global artificial intelligence investments have lifted Samsung operating profit AI chip demand projections to historic heights during the third quarter of 2026. According to preliminary earnings guidance released on October 8, 2026, the South Korean technology giant anticipates a…
The expansion of digital mapping in Lagos takes a major leap forward as state authorities institutionalize geospatial technology to regulate land use, improve infrastructure, and manage rapid urbanization. Also read Lagos Deepens AI and Digital Education Push for Tech-Driven Classrooms…
The naira among Africa’s most resilient currencies, stood out during second-quarter market turmoil, demonstrating remarkable stability compared to major regional peers. According to the October 2026 Africa Economic Update released by the World Bank, the local unit capped its maximum…
