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BUA’s Capital Market Growth Momentum Yields $2.2 Billion In 30 Days
BUA Group's publicly listed subsidiaries have delivered an exceptional $2.2 billion in market valuation gains in less than 30 days, demonstrating extraordinary investor confidence in Nigeria's capital market. The remarkable…
NCC Mandates Telecom Operators to Compensate Consumers For Poor Service
The Nigerian Communications Commission (NCC) has directed all Mobile Network Operators (MNOs) to compensate subscribers experiencing network failures, marking a strategic shift from traditional penalty-based regulation toward…
Recapitalization Bonanza: Nigerian Banking Sector Attracts Record $13.53 Billion Foreign Inflow
Nigeria's banking sector has solidified its position as a premier investment destination, attracting $13.53 billion in foreign inflows during 2025, a remarkable 93.25% year-on-year increase from $7 billion in 2024. This surge…
Soaring Demand For Airtel Shares Powers Capital Market Gains To N 1.1trn
Airtel Africa Plc led a strong surge on the Nigerian Exchange (NGX) as high investor demand for its shares pushed the market’s capitalization up by N1.1 trillion to a record N120.475 trillion. The company’s share price rose 10%,…
World Happiness Report: Nigeria Spirals Down Again In 2026
Nigeria's happiness index is spiralling downwards every year and the world now has the numbers to prove it. Africa’s largest economy has recorded its third consecutive annual drop in the 2026 World Happiness Report conducted by the…
CBN To Halt Dollar Payouts From May 1
In a landmark regulatory move meant to reshape Nigeria’s remittance landscape, the Central Bank of Nigeria (CBN) has issued a directive banning the payment of diaspora remittances in foreign currencies among financial…
Nigeria Accounts For About 90% Of Africa’s iPhone Usage, Study Shows
A new dataset from Statcounter GlobalStats has thrown a stark spotlight on Apple iPhone adoption across Africa, with Nigeria emerging as the dominant force behind the continent’s modest but growing iPhone numbers.
The figures,…
Meta, YouTube Lose Landmark Lawsuit Over Social Media Addiction, Ordered To Pay $6 Million
A Los Angeles jury has held Meta Platforms Inc. and YouTube liable for $6 million in a landmark lawsuit over social media addiction among minors. The case, filed in 2023 and identified as JCCP 5255, centred on a now 20-year-old…
FCCPC Mandates English Labelling for Consumer Products, Warns Against Counterfeiting
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a strong directive to manufacturers, importers, distributors, and retailers, mandating that all consumer products in Nigeria must carry labels in the…
Airtel Africa Rolls Out Starlink Revolution in Africa’s Dead Zones
Airtel Africa has notched a groundbreaking milestone, successfully testing SpaceX's Starlink Mobile direct-to-cell service in Kenya's remote dead zones, paving the way for seamless connectivity across its 14 markets, including…