Meta, GovChat And Hidden Risk Of Building On Someone Else’s Platform
Araxi says Meta's actions led to GovChat's collapse.
Competition case against Meta remains before South Africa's Tribunal.
Regulator alleges abuse of market dominance.
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Nigerian Stock Market Gains ₦192bn As FCMB, Eterna Lift Equities Despite Negative Breadth
Nigerian equities market added ₦192 billion on Thursday as gains in FCMB, Eterna and AVACAP lifted the benchmark index despite a negative market...
Nigerian Author’s $2 Million Dream Deal Collapses Under AI Scrutiny
Jerry Falade's debut novel sparked a 14-publisher bidding war before the deal fell apart.
His literary agency withdrew the manuscript after raising concerns...
Taxes Swallow ₦1.13 Trillion From Aradel, Seplat H1 Profits
Aradel Holdings and Seplat Energy generated a combined ₦1.54 trillion in pre-tax profit during the first half of 2026.
Aradel's current tax charge...
NUPRC Projects Up to $50b Investment Potential From 22 Offshore Projects Â
Nigeria is positioning 22 major offshore projects to attract between $30 billion and $50 billion in fresh investments over the next five years.
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REA Unveils 60.82MW Renewable Power Rollout Across Six States, Deepens Off-Grid Energy Push
The Rural Electrification Agency has expanded its nationwide renewable energy programme to 60.82MW across six states.
The latest 13.92MW interconnected hybrid solar project...
NAICOM Revokes Nigeria Reinsurance’s Licence In First Post-Recapitalisation Crackdown
Nigeria Reinsurance loses operating licence.
NAICOM cites capital requirement breach.
Muiz Banire appointed provisional liquidator.
Move marks first enforcement under NIIRA 2025.
August 5,...
Nigerian Stock Market Adds ₦71bn As Insurance Stocks Keep Investors Interested
Nigerian equities market adds ₦71 billion as buying interest in insurance stocks keeps the benchmark index in positive territory.
LINKASSURE, AVACAP and FTGINSURE...
What ₦1.4 Trillion Worth of Alcohol Says About Nigerians
An unbranded assortment of spirits, wines, and bottled beers, representing the wide spectrum of products driving the country's multi-trillion naira beverage sector. Source:...
CBN Says Naira FX Gap Narrows Below 2 Percent as Reforms Gain Traction
CBN says reforms have reduced the gap between official and Bureau de Change exchange rates to below two per cent.
External reserves remain...