News & Updates

]]> South Africa’s accession to Afreximbank signals a deeper push toward intra-African financing at a time when external support is waning. Ratings agencies see relative stability in key banking systems despite slow growth, while weakening business activity in Ghana highlights uneven economic momentum. Meanwhile, African insurers are accelerating sustainability commitments, channeling billions into climate-linked assets […]

L–R: Olufemi Shobanjo, Chief Executive Officer, NGX Regulation Limited; Aisha Abdulaziz, Chief Executive Officer, Legend Internet Plc; Umaru Kwairanga, Group Chairman, NGX Group Plc; and Jude Chiemeka, Chief Executive Officer, Nigerian Exchange Limited, during the presentation of the Market Debut Excellence Award to Legend Internet by the NGX in Lagos recently. ]]> Legend Internet Plc […]

]]> Amazon announces $200bn AI spending, shares tumble 7% Amazon plans to spend $200 billion on artificial intelligence infrastructure in 2026, far exceeding analyst estimates of $145 billion and marking a 50 per cent increase from the $131 billion spent in 2025. The company’s shares fell 7 per cent in after-hours trading on Thursday after […]

]]> Donald Trump, the United States president, publicly recognised Oluremi Tinubu, Nigeria’s first lady, on Thursday at the US National Prayer Breakfast in Washington, describing her as a “very respected” Christian leader. “We’re honoured to be joined today by the First Lady of Nigeria, who also happens to serve as a Christian pastor at the […]

]]> The Nigerian Aviation Handling Company Plc (NAHCO Aviance) and the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) have renewed commitment to boosting the nation’s non-oil revenues. The organisations gave this assurance recently during its capacity building forum on export processing for Small and Medium Scale Enterprises (SMEs) in Lagos. Prince […]

]]> Governor Babajide Sanwo-Olu of Lagos State, has reiterated his administration’s continuous support and partnership with the Nigerian Air Force for security in the State. He said Lagos was important and strategic to the economic progress of Nigeria; therefore, the Lagos State Government will continue to lead and provide necessary support for the Nigerian Air […]

]]> Redtech, a technology company backed by Heirs Holdings, has said it processed transactions worth $20.6 billion (N30 trillion) in the 2025 financial year. This is more than double its performance from the previous year.The company recorded over 100 percent year-on-year growth from N12 trillion in 2024, driven largely by the rapid expansion of its […]

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]]> First Abu Dhabi Bank, the United Arab Emirates’ largest lender, plans to open a representative office in Nigeria as it deepens its push into sub-Saharan Africa, betting on Africa’s most populous country to anchor its regional expansion. The bank, one of the world’s largest and highest-rated financial institutions, expects to establish the Lagos office […]

]]> President Bola Ahmed Tinubu has directed all government ministries, departments, and agencies (MDAs) to use existing laws to make the sharing of electricity costs among the federal, state, and local governments more practical and transparent. Starting with the 2026 budget preparations, the President wants to ensure that the heavy burden of electricity subsidies is […]