Nigeria leads Africa’s stablecoin market with $22 billion in transactions in one year—Report  

Nigeria has emerged as Africa’s biggest stablecoin market, with nearly $22 billion worth of transactions recorded between July 2023 and June 2024.  The post Nigeria leads Africa’s stablecoin market with…

INEC’s By-elections and lessons not learnt by Reuben Abati

The by-elections held across the country last Saturday in 16 constituencies across 12 states, in terms of the organization, the process and outcomes would seem to confirm one painful truth,…

Naira begins week lower at N1,533.67/$, defying improved market outlook   

The Nigerian naira had a marginal negative start to the week, trading at 1,533.67/$ on the Nigerian Foreign Exchange Market, down 0.08% from 1,532.51/$ on Friday.   The post Naira begins…

Nigeria risks wasting billions of Naira over non-adoption of technology by tertiary institutions- TETFund

The Executive Secretary of the Tertiary Education Trust Fund (TETFund), Sonny Echono, has warned that billions of naira already invested in digital infrastructure in Nigeria’s tertiary institutions could go to…

Seplat completes first domestic LPG supply from Bonny River Terminal, delivers 12,600 metric tons 

Seplat Energy Plc, in partnership with the Nigerian National Petroleum Company Limited (NNPCL), has completed its first domestic supply of Liquefied Petroleum Gas (LPG) – Butane – from the Bonny…

INEC: 69,376 Nigerians completed online voter pre-registration in seven hours nationwide 

The Independent National Electoral Commission (INEC) has disclosed that no fewer than 69,376 Nigerians completed their online pre-registration within the first seven hours of the nationwide Continuous Voter Registration (CVR)…

FG directs RMAFC to conduct due diligence on new equitable revenue allocation formula 

The Federal Government has instructed the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) to undertake a comprehensive due diligence process in the development of a new and equitable revenue allocation…

Nigeria Utilises Only 41% of Installed Generation Capacity Amid Stranded Power Crisis 

Emmanuel Addeh in Abuja The power sector in Nigeria has again highlighted the paradox that has defined its electricity supply chain, marked by significant installed generation capacity but little actual…

Stock Market Commence New Week on Positive Note

Kayode Tokede  The Nigerian stock market kicked off the week on a positive note, with a gain of 0.07 per cent  on renewed positive sentiment by investors. The Nigerian Exchange Limited All-Share Index (NGX ASI) gained by 94.27 basis points or 0.07…

Renaissance: With Recent Changes, Nigeria Better Positioned to Attract Oil, Gas Funding 

Emmanuel Addeh in Abuja  The Managing Director and Chief Executive Officer of Renaissance Africa Energy Company Limited, Mr. Tony Attah, has stated that firms in the Nigerian oil and gas…

Business & Economy

Nigerian Government launches personal income tax calculator to drive transparency