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 …
Nigeria
- Finance & ServicesInnovationINVESTMENTMarketsNigeriaTechnology
- 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 …
- 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 …
- 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. …
- 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 …
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 …
- 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 …
- EconomyELECTRICITYEnergyGOVERNMENTNigeria
Silence from FG Worsens GenCos’ Frustration as N4.7tn Power Debt Remains Unpaid
Despite promises from the Ministry of Power that President Bola Ahmed Tinubu would meet with electricity generation companies over the N4.7 trillion debt owed to them, nearly two months have …
- BusinessDevelopmentManufacturingNigeria
Lifemate MD Decries Forex, Inflation Challenges as Firm Celebrates 19th Anniversary
The Managing Director of Lifemate Furniture, Mr Liu Lihua, has expressed deep concern over the persistent fluctuations in Nigeria’s foreign exchange market and the rising rate of inflation, saying both …
- AviationInfrastructureNigeriaTransportation & Logisitics
NCAA Grounds Rano Air Aircraft After In-Flight Engine Failure
The Nigeria Civil Aviation Authority (NCAA) has grounded a Rano Air aircraft with registration number 5N-BZY after it suffered an in-flight engine failure and cabin smoke incident during a Kano …