Nigeria Oil Upstream Investment Production Gap Challenges New Licensing Gains
Nigeria has recently reclaimed its position as Africa’s top destination for upstream oil and gas investment, buoyed by a successful 2025 marginal field licensing round that attracted over $1.3 billion in commitments from local and international players. However, despite this renewed investor interest, the country faces a growing challenge: translating new license awards into actual production increases. This persistent...
UBA Bank of the Year 2025 Win Marks Third Triumph at The Banker Awards
United Bank for Africa (UBA) Group has been named Africa’s Bank of the Year 2025 by The Banker, the Financial Times’ prestigious global banking publication—marking its third win in five years, having previously received the honor in 2021 and 2023. The recognition, announced at the 2025 Banker Awards in London, underscores UBA’s sustained excellence in financial innovation, pan-African reach,...
Ibom Deep Seaport Project 2025 Update Shows Renewed Momentum After Delays
The long-delayed Ibom Deep Seaport, a US$4.2 billion proposed deepwater port in Akwa Ibom State, is showing renewed signs of progress after more than a decade of delays. With land acquisition completed and environmental approvals secured, stakeholders now say the project is closer than ever to entering the construction phase—a critical step toward easing congestion at Nigeria’s existing ports...
Nigeria GDP Growth Non-Oil Sectors 2025 Drives 3.98% Q3 Expansion
Nigeria’s economy grew by 3.98% year-on-year in the third quarter of 2025, according to data released by the National Bureau of Statistics (NBS), marking a steady recovery fueled almost entirely by strong performance in the non-oil sectors. This Nigeria GDP growth non-oil sectors 2025 trend underscores a significant structural shift in Africa’s largest economy—where agriculture, services, telecommunications, trade, and...
NGX December Rally After CGT Panic Sell Signals Market Resilience
After suffering a staggering ₦6.54 trillion loss in November due to widespread panic selling over proposed 30% Capital Gains Tax (CGT) on stock transactions, the Nigerian Exchange (NGX) has opened December with a strong rebound—gaining ₦252.1 billion in market capitalization on its first major trading day of the month. This NGX December rally after CGT panic sell marks a...
CBN Cashless Policy Reversal 2026 Marks Major Shift in Nigeria’s Financial Strategy
The Central Bank of Nigeria (CBN) has announced a major policy shift, reversing key elements of its strict cashless agenda by removing the cumulative limit on cash deposits and eliminating fees for excess cash deposits, effective January 1, 2026. This CBN cashless policy reversal 2026 signals a significant recalibration of Nigeria’s financial inclusion strategy, acknowledging the realities of a...
African Tech Ecosystem Funding Rebound 2025 Signals Maturity and Investor Confidence
Africa’s tech ecosystem is staging a powerful comeback in 2025, with investor confidence surging as startups demonstrate stronger business fundamentals and improved paths to profitability. New data from October 2025 reveals that African startups raised $442 million—the second-highest monthly total of the year—highlighting sustained momentum across sectors like fintech, clean energy, healthtech, and AI-driven logistics. With year-to-date funding on...
Africa Startup Festival 2025 Founder Success Factors Highlighted in Lagos
At the Africa Startup Festival 2025, held in Lagos—the beating heart of Africa’s entrepreneurial ecosystem—industry experts delivered a powerful message: long-term startup success isn’t about viral growth or headline-making funding rounds. It’s built on product credibility, strong governance, and founder experience. With over 6,000 attendees from 30 countries, the festival underscored a maturing mindset across the continent’s tech landscape,...
Nigerian Naira Dollar Exchange Rate Pressure Mounts Amid Year-End Forex Demand
The Nigerian Naira is under renewed strain at the start of the week as parallel market exchange rates show a slight uptick against major currencies, signaling growing pressure despite stability in the official Nigerian Foreign Exchange Market (NFEM). The Nigerian Naira dollar exchange rate pressure has intensified, with the U.S. Dollar trading at around ₦1,560 to ₦1,580 in the...
Africa Sports Future Public-Private Investment Push Challenges Aid Dependency
Africa must stop waiting for foreign aid and start building its own sports future from within, according to a recent analysis that calls for a bold shift from reliance on shrinking Official Development Assistance (ODA) to homegrown, sustainable models powered by local ownership, regional integration, and blended finance. The report argues that sport—long treated as a social program rather...
