International brands are rethinking their long-term strategies in West Africa. A notable retreat of global companies leaving Nigeria has accelerated over recent months as foreign firms adjust to tough economic conditions. Moreover, currency fluctuations and rising inflation have forced many…
Uber’s expansion of robotaxi services has taken a new turn with the launch of autonomous trips in London in partnership with Wayve, a British artificial intelligence company. Recall that Uber has exited Nigeria after operating its ride-hailing business in the…
The domestic equities market reversed its previous gains as Nigerian stocks lose value following profit-taking in heavy-cap shares. During mid-week trading on the Nigerian Exchange, total market capitalization fell by roughly N41 billion to settle at N158.915 trillion. Consequently, the…
Large corporations listed on the local exchange are experiencing unprecedented valuation growth this year. Between December 2025 and August 2026, Nigerian stock market mega cap stocks added a total of N46.69 trillion in value. Consequently, the combined valuation for firms…
Physical banknotes held in registers and private vaults are gradually flowing back into commercial vaults. Recent financial data released by the Central Bank of Nigeria shows that the volume of cash outside Nigerian banks drop to N4.8 trillion in July…
American diplomats and private investors are ramping up efforts to expand digital economy partnerships across Africa. The United States Consulate in Lagos confirmed that it is actively facilitating commercial deals between local founders and American venture funds. Consequently, US tech…
Global ride-hailing company Uber announced on Wednesday that it is exiting the Nigerian market after 12 years of operation. The platform, which first launched in Lagos in 2014, communicated the decision through an official email sent directly to its customers.…
Commercial bank lending across the country recorded sustained growth over the second quarter of the year. Recent data from the Central Bank of Nigeria reveals that Nigerian private sector credit expansion reached N83.43 trillion in July 2026. This figure marks…
Billionaire investor Tony O. Elumelu has seen the market value of his holding in Seplat Energy Plc surge to approximately $1.28 billion. According to equity market data released on September 1, 2026, the Tony Elumelu Seplat Energy stake value expanded…
Candidates shortlisted for the Nigeria Customs Service recruitment exercise now have clear directions for the final stage of their application. The agency has officially released the Nigeria Customs physical screening schedule, setting the exercise from September 7 through September 15,…
Financial earnings for Nigeria’s state energy firm hit a four-month low after operational challenges clipped national production. According to the July 2026 Monthly Report Summary released by the state oil firm, NNPC monthly profit drops amid output decline, falling 47.9%…
Federal policymakers are presenting Nigeria’s power reforms global energy security model as a practical roadmap for developing nations. Minister of Power Chief Adebayo Adelabu highlighted these structural changes at an international energy summit. He emphasized that decentralizing electricity markets can…
Nigeria is officially reforming how higher education institutions measure performance. The Federal Government announced plans to establish a national tertiary education ranking framework designed to improve academic accountability, boost research capacity, and strengthen local institutions. According to Minister of Education…
Recent data from global aviation bodies reveals a sudden shift in regional trade momentum. According to the International Air Transport Association (IATA), African airlines air cargo growth slowed significantly to just 1.1% year-on-year in July 2026. This performance ranked as…
In a major restructuring move within Nigeria’s financial services sector, NSIA Insurance exits life business operations to concentrate exclusively on general underwriting. The company disclosed this strategic transition following its 2026 Annual General Meeting (AGM) in Lagos. Under the new…
