Millions of mobile phone users in Nigeria are currently unable to register new SIM cards or carry out SIM-related services such as SIM swaps and replacements. This follows a major …
Nigeria
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CrimeDevelopmentGOVERNMENTInfrastructureNewsNigeriaSecurity
Abuja Residents Raise Alarm Over Insecurity Despite Wike’s Infrastructure Drive
The Federal Capital Territory (FCT) is undergoing a massive transformation under the leadership of Minister Nyesom Wike, with many abandoned projects being revived and new ones being initiated, completed, and …
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An aircraft belonging to Rano Air Limited, with registration number 5N-BZY, has been officially grounded by the Nigeria Civil Aviation Authority (NCAA) after suffering an engine failure mid-flight. The incident …
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Finance & ServicesInnovationINVESTMENTMarketsNigeriaTechnology
SEC Wants Artificial Intelligence to Power Nigeria’s Capital Market Surveillance
The Securities and Exchange Commission (SEC) has called on Nigeria’s capital market operators and stakeholders to adopt Artificial Intelligence (AI)-driven surveillance systems. The move is part of a wider strategy …
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Banking, Finance & InvestmentEconomyFinance & ServicesMarketsNigeriaPolicies
Nigeria’s Money Supply Falls Again in May as CBN Tightens Liquidity to Tame Inflation
Nigeria’s total money supply dropped again in May 2025, marking the second decline this year, according to new data released by the Central Bank of Nigeria (CBN). The figure for …
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EconomyFinance & ServicesGOVERNMENTMarketsNigeriaPolicies
FG Spends ₦611.71bn in One Month Servicing Domestic Dollar Bond
The Federal Government of Nigeria spent a staggering ₦611.71 billion in March 2025 to service its first-ever dollar-denominated bond issued within the domestic market, making it the single largest item …
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AgricultureDevelopmentEconomyNigeriaTrade and Commerce
Afreximbank VP Blames Poor Market Intelligence
The African Export-Import Bank (Afreximbank) has warned that Africa’s failure to trade effectively within itself is due to poor market intelligence, weak connectivity, and the absence of structured trade platforms. …
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EconomyFintechNigeriaTelecommunications
Banks, Fintechs, Telcos Urged to Redesign Financial Tools for Young Nigerians
Banks, fintech companies, and telecommunications operators have been called upon to rethink and redesign the digital financial tools and services targeted at young Nigerians. This follows new findings from the …
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The Nigeria Employers’ Consultative Association (NECA) has expressed appreciation to President Bola Ahmed Tinubu for his recent directive to cap the Financial Reporting Council (FRC) levy at ₦25 million for …
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EconomyEnergyGOVERNMENTInfrastructureNigeriaOil & GasPolicies
NNPC Records 14% Profit Increase in May as Oil Production Improves
The Nigerian National Petroleum Company Limited (NNPC) has announced a strong 14 percent rise in its after-tax profit for the month of May 2025, reaching ₦1.054 trillion. This marks a …