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. […]
Gold refinery starts in Lagos as $600m lithium plant nears launch
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 […]
FG allocates N1.764 billion for fresh BEA scholarships in 2026 budget
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 […]
See 10 ‘tokunbo’ cars you can buy in Nigeria for N10 million or less
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 additional 2.57 billion First HoldCo shares, signals market value increase
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 […]
2026 budget: FG proposes N102.3bn counterpart funding for Lagos Green Line rail
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: What the Maduro capture means for Nigeria and global energy markets
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 ties Mono acquisition to profitability push, IPO plans
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 stock jumps 37% month-to-date on NGX in early January, nears N70
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 […]
Best Performing Stock Market in Africa 2025 – See list
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 fires Lagride Acting MD, Jubril Arogundade over alleged financial misappropriation
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 Equere Executive Director
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 deal valued at up to $40 million
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 celebrates 20 years of innovation, local impact and community building in Nigeria’s technology ecosystem
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 projects inflation to ease to 12.94% in 2026, sees bullish capital market outlook
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 […]
Breaking: Heirs Energies Limited acquires Maurel & Prom’s 20.07% stake in Seplat Energy
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 to require health insurance for all tourists beginning in 2026
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 becomes net lender with $320 million in Q3 2025 – CBN
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: Tax reforms will protect small businesses, not burden the poor
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 […]
ADC: Tinubu’s 2026 budget ‘buries’ next generation in debt
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 […]
Gazette furore: We didn’t alter tax laws — FG
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 […]
12 die in Cross River auto crash
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 […]
Kwara community deserted after renewed bandit attack
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 […]
Dust over conferment of Yorubaland chieftaincy titles
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 […]
Sunday Igboho seeks Tinubu’s intervention as herdsmen attack farmers in hometown
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. […]