News Press

HelpMe AI Solutions: Building Human-Centered AI for Nigeria’s Future Ezekiel Nwaeke on Building Human-Centered AI for Nigeria As Nigeria’s technology sector rapidly evolves, a distinct focus on practical, accessible artificial intelligence is emerging. Ezekiel Nwaeke, Founder and CEO of HelpMe AI Solutions, is at the forefront of this shift, championing a human-centered approach to AI […]

Heirs Holdings Strengthens Governance with Key Board Appointments Heirs Holdings Announces Strategic Board Appointments to Drive Governance and Growth Heirs Holdings, a preeminent pan-African investment company, has reinforced its commitment to exemplary corporate governance and strategic leadership with the appointment of two new Non-Executive Directors. The company welcomes Obinna Ufudo and Sola Yomi-Ajayi to its […]

Nigeria’s Stock Market Highs: Analyzing the Boom and Underlying Risks Nigeria’s Stock Market Rally: Record Highs Mask Structural Complexities The Nigerian Exchange Group (NGX) is experiencing an unprecedented bull run, with its market capitalization surpassing the historic N100 trillion mark in early 2026. The All-Share Index has repeatedly shattered records, climbing to levels between 155,000 […]

Enugu Airport Concession Agreement Vetted by Justice Ministry, Confirms ICRC ICRC Confirms Justice Ministry Vetting of Enugu Airport Concession Agreement The Infrastructure Concession Regulatory Commission (ICRC) has officially confirmed that the formal concession agreement for the Akanu Ibiam International Airport in Enugu has been vetted by the Federal Ministry of Justice. This critical legal review […]

Global Oil Prices Dip Below Nigeria’s 2026 Budget Benchmark Global Oil Prices Fall Below Nigeria’s Critical 2026 Fiscal Benchmark Global oil prices declined below a level critical to Nigeria’s fiscal planning on Wednesday, driven by fears of an oversupplied market and renewed geopolitical tensions. This slide introduces significant volatility, with concerns that global supply could […]

Lagos State Commences E-Registration for 2026 BECE Lagos State Launches Digital Portal for 2026 Basic Education Exams The Lagos State Government has officially initiated the electronic registration process for the 2026 Basic Education Certificate Examination (BECE). Managed by the Lagos State Examinations Board, the online window opened on January 26, 2026, and is set to […]

CPI Methodology Revisions Risk Data Credibility, CPPE Warns CPI Methodology Changes Prompt Credibility Concerns from Business Group The Centre for the Promotion of Private Enterprise (CPPE) has issued a caution that recent alterations to Nigeria’s Consumer Price Index (CPI) calculation framework may have introduced significant credibility gaps. This development, the organization warns, threatens to undermine […]

NiMet Weather Alert: Nationwide Dust Haze and Thunderstorms Forecast NiMet Issues Weather Advisory for Dust Haze and Thunderstorms Across Nigeria The Nigerian Meteorological Agency (NiMet) has released a significant weather outlook for the nation, forecasting a combination of dust haze, sunny conditions, and isolated thunderstorms from Monday through Wednesday. This pattern is expected to reduce […]

Federal Government Clarifies Stance on Lagos Gold Refinery Ownership Ministry of Solid Minerals Denies Ownership of Lagos Gold Refinery The Federal Ministry of Solid Minerals Development has issued a formal rebuttal to claims that the Federal Government sited a gold refinery in Lagos. The clarification, delivered via a statement from the Minister’s Special Assistant on […]

NCC Advances Satellite D2D to Connect 23.3 Million Underserved Nigerians NCC Champions Satellite D2D Technology to Bridge Nigeria’s Connectivity Divide The Nigerian Communications Commission (NCC) has formally proposed the adoption of Satellite Direct-to-Device (D2D) connectivity as a strategic solution to address persistent coverage gaps. An estimated 23.3 million Nigerians remain underserved by terrestrial mobile networks, […]

Nigeria at Davos 2026: Edun to Outline Economic Strategy on Inflation and FX Nigeria to Showcase Reform Credibility at World Economic Forum 2026 The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, will lead Nigeria’s economic dialogue at the World Economic Forum Annual Meetings in Davos, Switzerland, from January 19 to […]

Nigeria’s 2025 Inflation Revised Upward After CPI Methodology Overhaul CPI Rebasing Reshapes Nigeria’s 2025 Inflation Narrative Nigeria’s inflation trajectory for 2025 has been significantly revised upward following a critical methodology review by the National Bureau of Statistics. The December 2025 rebasing of the Consumer Price Index, which shifted to a 12-month average reference period for […]

Market Analysis: Nigerian All-Share Index Edges Higher Amid Cautious Trading Nigerian Equities Close Marginally Higher as Trading Activity Slows The Nigerian equity market recorded a slight uptick in its trading session on January 16, 2026, with the benchmark All-Share Index (ASI) advancing by 72.2 points, or 0.04%, to close at 166,129.5. This marginal gain followed […]

FG Inaugurates Committees to Implement National IP Policy for Economic Growth Federal Government Launches Committees to Drive National Intellectual Property Policy The Federal Government has formally inaugurated two key committees to oversee the implementation of Nigeria’s National Intellectual Property Policy and Strategy (NIPPS). This strategic move is designed to boost innovation, enhance trade competitiveness, and […]

The Trust Deficit in Nigeria’s Booming Social Commerce Economy The Trust Deficit in Nigeria’s Booming Social Commerce Economy Nigeria’s digital marketplace is experiencing unprecedented growth, with platforms like WhatsApp, Instagram, TikTok, and Facebook transforming into vital commercial hubs. For countless entrepreneurs, this ecosystem offers a lifeline—bypassing traditional barriers like shop rent and formal registration. Public […]

FAAC Allocations: N9.62 Trillion Shared in Q3 2025 as Monthly Disbursements Decline FAAC Disburses N9.62 Trillion Over Three Months Amid Downward Trend Data from the National Bureau of Statistics (NBS) reveals that Nigeria’s Federation Account Allocation Committee (FAAC) distributed a total of N9.62 trillion to federal, state, and local governments over a three-month period. This […]

JAMB Announces 2026 UTME Exam Dates: Key Schedule and Registration Details JAMB Sets April 16-25, 2026 for Nationwide UTME The Joint Admissions and Matriculation Board (JAMB) has officially announced that the 2026 Unified Tertiary Matriculation Examination (UTME) will be conducted nationwide from April 16 to April 25, 2026. This critical announcement, part of a comprehensive […]

World Bank Forecast: Nigeria’s Economy Set for Decade-High Growth in 2026-2027 World Bank Projects Nigeria’s Growth to Accelerate to 4.4% in 2026 and 2027 In its January 2026 Global Economic Prospects report, the World Bank has forecast that Nigeria’s economy will expand by 4.4% in both 2026 and 2027. This revised outlook, which aligns with […]

NGX SWOOT Dividend Stocks: Top Picks for January 2026 Top NGX SWOOT Dividend Stocks for January 2026 Investment Nigeria’s equity market concluded 2025 with remarkable strength, posting a year-to-date surge of over 51%. This performance was significantly driven by the SWOOT (Stocks Worth Over One Trillion) segment, where twenty-two companies achieved an average share price […]

NIMC and Nine MDAs to Spend N24 Billion on Software in 2026 Amid Scrutiny NIMC, Education Ministry Lead N24 Billion Software Spend for 2026 The National Identity Management Commission (NIMC) and nine other key federal ministries, departments, and agencies (MDAs) are projected to allocate approximately N24 billion for software-related projects in the 2026 fiscal year. […]

Nigeria’s Mining Sector Advances with New Gold Refinery and Lithium Plant | Strategic Developments Strategic Minerals Development: Nigeria Launches Gold Refinery, Nears $600m Lithium Plant Commissioning In a significant move to transform its mining sector, the Federal Government of Nigeria has announced the commencement of operations at a high-purity gold refining facility in Lagos. This […]

Analysis: Nigeria’s 2026 Budget Allocates N1.76bn for Discontinued Bilateral Scholarships Nigeria’s 2026 Budget Reveals New Funding for Discontinued Scholarship Program In a notable development within the 2026 Appropriation Bill, the Federal Government has allocated N1.764 billion to fund 300 new scholarships under the Bilateral Education Agreement (BEA) programme. This allocation is designated for the Federal […]

Navigating the Market: Reliable Tokunbo Cars Under N10 Million in Nigeria Finding Value: A Guide to Tokunbo Cars Under N10 Million in Nigeria’s Shifting Market For many Nigerians, owning a personal vehicle remains a key annual goal, offering an escape from the challenges of public transportation. With new car prices often prohibitive and locally used […]

NGX Admits First HoldCo’s 2.57 Billion Shares, Marking Key Capital Raise Milestone First HoldCo Shares Officially Listed on NGX Following Major Private Placement The Nigerian Exchange has formally admitted an additional 2.575 billion ordinary shares of First HoldCo to its Daily Official List. This significant listing, confirmed in an NGX weekly market report addressed to […]

Federal Government Proposes N102.3bn for Lagos Green Line in 2026 Budget Federal Government Allocates N102.3bn Counterpart Funding for Lagos Green Line Rail in 2026 Budget The Federal Government has outlined a significant financial commitment to the Lagos Green Line metro rail project in its 2026 budget proposal. A sum of N102.3 billion is designated as […]

Venezuela’s Oil Gambit: Implications for Nigeria and Global Energy Markets Venezuela’s Oil Gambit: Implications for Nigeria and Global Energy Markets In the early hours of January 3rd, 2026, U.S. forces executed a dramatic operation at Venezuela’s Fuerte Tiuna military complex, capturing President Nicolás Maduro. By midday, he was en route to the USS Iwo Jima, […]

Flutterwave Acquires Mono to Drive Profitability and Strengthen IPO Ambitions Flutterwave Strategic Acquisition of Mono Aligns with Profitability and IPO Timeline In a strategic move to bolster its financial infrastructure and path to profitability, African fintech leader Flutterwave Inc. has completed the acquisition of open-banking pioneer Mono Technologies Nigeria Ltd. The deal, announced by Flutterwave […]

Fidson Healthcare Stock Surges 37% in January, Nears N70 Mark Fidson Healthcare Stock Rallies 37% in Early January Trading Fidson Healthcare Plc has commenced the new year with a significant rally on the Nigerian Exchange (NGX), with its share price appreciating by over 37% month-to-date. As of the premarket session on January 9, 2026, the […]

2025 African Stock Market Performance: Ghana’s GSE Leads with Sustained Gains Ghana Securities Exchange Emerges as Africa’s Top Performer in 2025 The Ghana Securities Exchange (GSE) Composite Index was the highest-performing equity market among selected African exchanges in 2025, surpassing Nigeria’s NGX All-Share Index and other continental peers. With a remarkable annual return of 79.43%, […]

CIG Motors Terminates Lagride Acting MD Amid Governance Dispute CIG Motors Co. Ltd., the operator of the Lagride e-hailing platform, has announced the termination of Jubril Arogundade, its Executive Director and Acting Managing Director. The company’s decision, detailed in an official statement, followed internal investigations that revealed serious governance concerns. These issues, which included alleged […]

Petralon Energy Appoints Uduak Equere as Executive Director Petralon Energy Strengthens Leadership with Appointment of Uduak Equere as Executive Director Petralon Energy, a prominent indigenous oil exploration and production company, has announced the strategic appointment of Uduak Equere to its board as Executive Director. This key leadership change, effective January 5, 2026, follows a period […]

Flutterwave Acquires Mono in Strategic Open Banking Move Flutterwave Strengthens Infrastructure with Mono Acquisition In a landmark transaction for Africa’s fintech sector, Flutterwave has finalized the acquisition of open banking specialist Mono. The all-stock deal, valued between $25 million and $40 million, unites two pivotal infrastructure players. This strategic move is set to significantly enhance […]

Edgebase Technologies: 20 Years of Innovation and Impact in Nigeria’s Tech Ecosystem Edgebase Technologies Marks Two Decades of Pioneering Nigeria’s Digital Infrastructure Edgebase Technologies commemorates its 20th anniversary, celebrating a landmark journey of innovation, local impact, and community building within Nigeria’s technology ecosystem. Since its inception in 2005, the company has evolved from a modest […]

CBN Forecast: Inflation to Moderate to 12.94% by 2026, Bullish Market Outlook CBN Projects Inflation Decline to 12.94% by 2026, Foresees Robust Capital Market The Central Bank of Nigeria (CBN) has released an outlook projecting a significant moderation in headline inflation to an average of 12.94% by 2026. This anticipated decline is attributed primarily to […]

Heirs Energies Acquires Major Stake in Seplat Energy: A Landmark African Deal Heirs Energies Becomes Largest Shareholder in Seplat Energy with Strategic Acquisition In a significant development for the African energy sector, Heirs Energies Limited, led by prominent investor Tony Elumelu, has acquired a 20.07% stake in Seplat Energy Plc from Maurel & Prom. The […]

Georgia Mandates Health Insurance for All Tourists Starting 2026 Georgia Implements Mandatory Health Insurance Requirement for International Visitors In a significant update to its border policy, Georgia will require all foreign tourists to possess valid health and accident insurance as a condition of entry effective January 1, 2026. This new regulation, established through amendments to […]

Nigeria’s External Position Shifts to Net Lender in Q3 2025 | CBN Report Nigeria Records $320 Million Net Lending Position in Q3 2025, CBN Reports In a significant reversal of its external financial posture, Nigeria transitioned to a net lending position of $320 million in the third quarter of 2025, according to official data from […]

Sanwo-Olu Clarifies Tax Reforms: Protection for Small Businesses, Not Burden for the Poor Lagos Governor Assures Fair Tax Reforms Amid National Implementation Lagos State Governor, Babajide Sanwo-Olu, has moved to address public concerns regarding Nigeria’s impending federal tax reforms, assuring residents that the changes are designed to protect small businesses and ensure equity, not to […]

Analysis: Nigeria’s 2026 Budget Proposal and the National Debt Trajectory Fiscal Analysis: Nigeria’s 2026 Budget Proposal Sparks Debt Sustainability Debate A critical assessment of Nigeria’s proposed 2026 appropriation bill has ignited a fierce debate on the nation’s fiscal future. The African Democratic Congress (ADC) has levied a stark warning, asserting that the budget framework presented […]

Federal Government Clarifies Tax Stance Amidst National News Developments Federal Government Denies Alteration of Tax Laws Amidst Broader National Discourse In a firm rebuttal to recent media reports, the Federal Government has clarified that it has not enacted any new tax legislation. Officials emphasized that current discussions are part of routine fiscal policy reviews aimed […]

Tragic Auto Crash Claims 12 Lives in Cross River State | Road Safety Review Twelve Lives Lost in Devastating Cross River Road Accident A severe road traffic accident in Cross River State has resulted in the tragic loss of twelve lives, casting a pall over the local community and prompting urgent calls for improved highway […]

Renewed Bandit Assault Forces Mass Exodus from Kwara Community Kwara Community Left Desolate Following Renewed Bandit Incursion A palpable climate of fear has descended upon a rural community in Kwara State, following a severe bandit attack that has compelled residents to flee en masse. The assault, characterized by violence and pillaging, has transformed a once-vibrant […]

Controversy and Tradition: Examining Modern Chieftaincy Conferment in Yorubaland Navigating Tradition: The Evolving Landscape of Yoruba Chieftaincy Titles The esteemed institution of chieftaincy in Yorubaland, a cornerstone of cultural identity for generations, finds itself at a complex crossroads. A growing discourse surrounds the conferment of traditional titles, sparking debates that touch on authenticity, authority, and […]

Yoruba Activist Sunday Igboho Appeals to President Tinubu Over Herdsmen Violence in Igboho Sunday Igboho Urges Presidential Action Amid Escalating Herdsmen Attacks in Oyo Yoruba nation activist, Sunday Adeyemo, popularly known as Sunday Igboho, has formally called on President Bola Tinubu to intervene in the worsening security situation in his hometown of Igboho, Oyo State. […]

Guinness Nigeria Celebrates 75 Years of Brewing Legacy and Community Impact Guinness Nigeria: A 75-Year Legacy of Brewing Excellence and Social Contribution This year marks a monumental milestone for Guinness Nigeria as the iconic brewer celebrates 75 years of operations, deeply weaving itself into the nation’s social and economic fabric. Since its establishment, the company […]

IGP Orders Nationwide Security Deployment for Yuletide Season | National Update IGP Mandates Comprehensive Security Deployment for Christmas and New Year Period In a decisive move to ensure nationwide safety during the festive season, the Inspector-General of Police (IGP) has ordered the massive deployment of security personnel across all states of the federation. This strategic […]

Senate Confirms Full List of 64 Ambassadorial Nominees for Key Global Posts Senate Approves Full List of 64 Ambassadorial Nominees for International Deployment In a significant diplomatic move, the Senate has officially confirmed the full list of 64 ambassadorial nominees, paving the way for their deployment to strategic nations across the globe. This comprehensive roster […]

Trump Campaign Appeals Court Ruling on Harvard Funding Restoration Trump Campaign Challenges Court Order to Restore Harvard University Funding Former President Donald Trump’s campaign has formally filed an appeal against a federal judge’s recent order mandating the restoration of federal funds to Harvard University. The legal dispute stems from an earlier executive action that withheld […]

President Tinubu Presents Landmark N58 Trillion 2026 Budget Proposal | National Focus President Tinubu Unveils Ambitious N58 Trillion Budget for 2026 Fiscal Year In a significant move for Nigeria’s economic planning, President Bola Ahmed Tinubu has formally presented the 2026 Appropriation Bill to the National Assembly. The proposed budget, valued at a historic fifty-eight trillion […]

INEC’s Directive to PDP Factions: A Call for Internal Resolution INEC’s Stance on Internal Party Conflicts: A Message to PDP Factions The Independent National Electoral Commission (INEC) has issued a definitive statement to the warring factions within the Peoples Democratic Party (PDP), clarifying its role in internal party disputes. As the nation’s electoral umpire, INEC […]