CBN Fined ₦620,000 for Delaying Hearing in Suits by Former Staff

The National Industrial Court of Nigeria (NICN) has fined the Central Bank of Nigeria (CBN) ₦620,000 for stalling the hearing of lawsuits filed by 62 former employees.

Oil Prices Dip as US Crude Inventories Surge Amidst Russia-Ukraine Talks

Oil prices declined on Thursday following an unexpected rise in US crude inventories and signs of progress in Russia-Ukraine diplomacy, which eased supply concerns.

Apple Set to Surpass Samsung in Global Smartphone Shipments for the First Time Since 2011

Apple is poised to outperform Samsung in global smartphone shipments in 2025, ending a 14-year run in which the South Korean company has dominated the market, according to new data from Counterpoint Research. The firm forecasts Apple will ship around 243 million iPhones this year, edging ahead of Samsung’s estimated 235 million units. That would give Apple a 19.4% share of the global market, compared with Samsung’s 18.7%.

Visa Expands Stablecoin Settlement in CEMEA Through New Aquanow Partnership

Visa has expanded its stablecoin settlement capabilities across Central and Eastern Europe, the Middle East and Africa (CEMEA) after striking a new partnership with Aquanow, a global digital assets platform specialising in liquidity and infrastructure services.

Uber Launches First Fully Driverless Robotaxi Service in Abu Dhabi

Uber has rolled out its first fully driverless robotaxi service in Abu Dhabi, marking a landmark moment for the global ride-hailing industry and the Middle East’s transport landscape. The UAE capital now becomes Uber’s fourth autonomous vehicle market after Austin, Phoenix, and Atlanta, and the first in the region to host Level 4 autonomous rides.

African Leaders Push Energy, Gas and Finance Agenda Ahead of Paris Summit

African policymakers, financiers and energy executives have issued a united call to accelerate infrastructure-led growth, diversify energy systems and unlock new investment flows, following high-level discussions at the G20 Africa Energy Investment Forum in Johannesburg. 

EDC, Keystone Bank Champion Entrepreneurs at 2025 Global Entrepreneurship Week Walk

The Enterprise Development Centre (EDC) of Pan-Atlantic University, in partnership with Keystone Bank Limited, has reaffirmed its commitment to strengthening Nigeria’s entrepreneurial landscape, urging policymakers to create conditions that allow small businesses to flourish.

GEN Nigeria, Providus Bank Highlight Need for Vision and Values in Women-Led Enterprises

The Global Entrepreneurship Network (GEN) Nigeria and Providus Bank have underscored the need for women entrepreneurs to prioritise vision, values and long-term impact when building their businesses. This message took centre stage at the recent Women Enterprise Day, held as part of Global Entrepreneurship Week (GEW) 2025 in Nigeria.

Facebook Champions Youth Wellness and Community Culture at AprokoNation Fiesta in Lagos

Facebook is set to bring a dynamic mix of wellness, creativity, and community spirit to this year’s AprokoNation Fiesta – Y2K Edition, taking place on Saturday, 29 November, at Eridan Space, Ikeja, Lagos.

MTN Nigeria Approves Interim Dividend as Earnings Rebound

MTN Nigeria Communications Plc is set to resume shareholder payouts with an interim dividend scheduled for release this week, according to information contained in its latest corporate disclosure.

FBNQuest Merchant Bank Marks World Savings Day with Financial Literacy Drive at Kings’ College Lagos

FBNQuest Merchant Bank Limited has strengthened its push for a financially informed younger generation by taking its financial literacy outreach to Kings’ College Lagos on 19 November 2025. The session, organised to mark World Savings Day 2025, offered students practical guidance on financial independence, disciplined money management, and long-term wealth creation.

Premier League Bans Clubs from Selling Assets to Themselves Under New Financial Rules

Premier League clubs will no longer be permitted to sell assets to related parties in a bid to boost their spending power, after voting through major changes to financial regulation that will overhaul how top-flight teams manage their squad costs.

Paystack Fires Co-Founder Ezra Olubi as Corporate Fallout Escalates into Legal Battle

Paystack, the Nigerian financial technology company known for providing online and offline payment solutions across Africa, has entered one of the most turbulent chapters in its corporate history. What began as a quiet internal inquiry has erupted into a full-scale legal confrontation following the company’s decision to terminate the appointment of its co-founder, Ezra Olubi.

Subair Named Board Chair of the Year as LIRS Clinches Top Revenue Agency Award

The Lagos State Internal Revenue Service (LIRS) has reaffirmed its leadership in public sector performance after securing major honours at the 2025 Peak Performer Awards, held on Tuesday, 18 November, at the Lagos Oriental Hotel.

Verto Announces Winners of Inaugural Verto Award at Lagos Ceremony

Verto, the leading B2B global payments platform, has named the first-ever recipients of its Verto Award, a new initiative designed to spotlight early-stage African startups driving innovation, expanding economic inclusion, and strengthening the continent’s participation in global trade.

G20 Makes Historic Debut in Africa

...Why Controlling the Narrative Will Shape the Outcomes

For the first time in history, the Group of 20 (G20), one of the world’s most influential economic forums, is convening on African soil. The moment marks a decisive shift: Africa is no longer simply a subject of global debate but a stage-setter in international decision-making.

How Nestlé Transformed Japan’s Coffee Culture Through Emotional Imprinting

Marketers often focus on persuading audiences through traditional advertising, but the real opportunity may lie in reshaping behaviour itself. Nestlé’s experience in Japan offers a compelling case study in how deep cultural insight and long-term thinking can shift national habits, and provide valuable lessons for brands hoping to influence consumer behaviour.

How Aberdeen Expertise is Driving Altera Infrastructure’s Rapid Offshore Expansion in Ivory Coast

Aberdeen’s standing as a global hub for offshore engineering is becoming increasingly evident as Altera Infrastructure attributes its rapid growth in Ivory Coast to capabilities anchored in the North-east of Scotland.

Africa’s Business Heroes Confirms 2025 Summit and Grand Finale in Kigali

Africa’s entrepreneurial ecosystem is preparing for one of its most influential gatherings as Africa’s Business Heroes (ABH), the flagship philanthropic initiative of Alibaba Philanthropy, announces that its 7th Summit and Grand Finale will be held in Kigali, Rwanda, from 12–13 December 2025. The event is being organised in partnership with the Rwanda Development Board (RDB).

Saudi Arabia to Host Global Innovation-Focused Water Sustainability Conference in Jeddah

Saudi Arabia is set to host one of the world’s most prominent gatherings on water innovation and sustainability as the planet confronts an escalating water crisis. With more than two billion people lacking safe drinking water and global demand projected to outstrip supply by 40% by 2030, the Innovation Driven Water Sustainability Conference (IDWS 2025) aims to galvanise global action.

AfDB Rallies African Stock Exchanges to Shape a New Financial Architecture for the Continent

The African Development Bank Group (AfDB) on Tuesday opened a series of high-level meetings with development finance institutions and private-sector partners aimed at delivering a transformative blueprint for a New African Financial Architecture—an ambitious framework designed to narrow the continent’s longstanding development financing gap.

Naira Rebounds as CBN Injects $50m into Foreign Exchange Market

The naira strengthened against the US dollar on Thursday after the Central Bank of Nigeria (CBN) injected $50 million into authorised dealer banks to ease foreign exchange pressures and bolster market liquidity.

Arsenal Ends Controversial Visit Rwanda Sleeve Sponsorship After Seven Years

Arsenal will end its long-running sleeve sponsorship agreement with Visit Rwanda at the close of the 2025/26 season, bringing an end to a partnership that has sparked sustained criticism over the east African nation’s human rights record.

Motorcar’s 140th Anniversary: Mercedes-Benz Club Unveils Exact Replica of 1886 Benz Patent-Motorwagen

The Southern Cape Region of the Mercedes-Benz Club of South Africa has unveiled an exact replica of the 1886 Benz Patent-Motorwagen, widely recognised as the world’s first automobile, as part of early celebrations marking 140 years of the motorcar.

Google Unveils AI Skilling Blueprint for Africa, Backed by New Funding Commitments

Google has strengthened its drive to close Africa’s digital skills gap with the launch of its Artificial Intelligence (AI) Skilling Blueprint for Africa, a policy roadmap aimed at helping governments develop an AI-ready workforce.

Genesis Energy Reaffirms Commitment to Nigeria’s Energy Transition, Highlighting Policy Reform and Partnerships as Catalysts for Change

Genesis Energy Group, a leading pan-African clean-energy infrastructure developer and asset-management company, has restated its dedication to accelerating Nigeria’s energy transition through expanded private-sector investment and strategic collaborations aimed at delivering clean, reliable and sustainable power nationwide.

FirstCap Drives Real Estate Financing with Lekki Gardens’ ₦25bn Commercial Paper Issuance

FirstCap Limited, a prominent investment banking and capital markets advisory firm and subsidiary of First HoldCo Plc, has announced its role as Joint Issuing House and Placing Agent in the successful structuring and execution of a ₦25 billion Commercial Paper (CP) Programme for Lekki Gardens Estate Limited.

Meta Activates 2Africa Subsea Cable, the World’s Longest Open-Access Network

Meta has completed and activated the core 2Africa subsea cable system, marking a major milestone in global telecommunications and a transformative step for connectivity across Africa, the Middle East, South Asia, and Europe.

SQHN Hosts 2025 Annual Conference and Elebute Memorial Lecture to Advance Quality Healthcare in Nigeria

The Society for Quality in Healthcare in Nigeria (SQHN), one of the country’s foremost organisations championing healthcare quality and patient safety, has convened its 2025 Annual Conference alongside the Professors Emmanuel Adeyemo & Oyinade Elebute Memorial Lecture at the Lagos Oriental Hotel, Victoria Island.

Snapchat Introduces Topic Chats to Foster Public Conversations Around Shared Interests

Snapchat is broadening its focus beyond private messaging with the launch of Topic Chats, a new feature enabling users to engage in public conversations centred on shared interests from Formula 1 and global news to trending TV shows such as Below Deck.

Senate Approves Second Reading of Bill to Repeal and Modernise MOFI Act

The Nigerian Senate has passed for a second reading a bill to repeal the Ministry of Finance Incorporated (MOFI) Act of 1959 and re-enact it under the proposed Ministry of Finance Incorporated 2025 Act.

Rite Foods Celebrates International Men’s Day 2025, Recognises Men and Boys Driving Societal Progress

Rite Foods Limited, one of Nigeria’s leading food and beverage companies, has joined the global community in celebrating International Men’s Day (IMD) 2025, recognising the achievements and contributions of men in society. The annual observance also highlights critical issues affecting men, including health, well-being, and work-life balance.

ALX, Anthropic and Rwandan Government Launch Groundbreaking AI Learning Initiative in Africa

...“Chidi” AI companion set to transform education and position Africa as a global tech hub

ALX, Anthropic, and the Government of Rwanda have unveiled a landmark partnership to advance education across Africa through artificial intelligence. The initiative introduces “Chidi”, an AI-powered learning companion built on Anthropic’s Claude model, designed to support both learners and educators in developing critical thinking and problem-solving skills.

Ebury Backs Scotland London Africa Week 2025 to Strengthen Scotland–Africa Trade

The Scottish Africa Business Association (SABA) has confirmed global financial services firm Ebury as a sponsor for Scotland London Africa Week 2025. The company will support the Scotland Africa Networking Reception at Dover House, hosted with the permission of the Secretary of State for Scotland, the Rt Hon Douglas Alexander MP, and participate in Commonwealth Briefings with selected African Heads of Mission during the programme. 

AFRIMA Opens Diamond Showcase Portal, Calls on Emerging African Music Talent to Apply

The All Africa Music Awards (AFRIMA) has officially launched the application portal for its 9th Diamond Showcase, signalling the start of a fresh search for the continent’s next generation of music stars.

Emirates Showcases Full Fleet as A350 Debuts in 2025 Dubai Airshow Flypast

Emirates marked a defining moment in UAE aviation history as its new A350 made its first flypast appearance during the opening of the 2025 Dubai Airshow. The aircraft was joined in formation by the Emirates Boeing 777 and the flagship A380, presenting the airline’s full commercial line-up together in flight for the first time since the A350 joined the fleet in November 2024.

Nigeria Unveils Major Reforms to Strengthen Transparency and Accountability in World Bank-Funded Projects

The Office of the Accountant General of the Federation (OAGF) has introduced a set of significant management reforms designed to improve transparency, accountability, and efficiency in the delivery of World Bank-funded projects across Nigeria.

WISCAR 2025 Conference to Highlight Women’s Leadership in Governance and Nation-Building

The Women in Successful Careers (WISCAR) has announced that its 2025 Annual Leadership and Mentoring Conference will take place on Saturday, 29 November 2025, at The Civic Centre in Lagos.

Lack of Awareness Hindering Tech IPOs on NGX, New TLP Advisory Report Warns

A new report from TLP Advisory has revealed that a widespread lack of awareness about the Nigerian Exchange (NGX) listing process is stalling potential tech IPOs and limiting local exit opportunities for Nigeria’s high-growth startups.

Ventures Platform Champions Liquidity Pathways at Africa Prosperity Summit as Investors Push for Scalable Growth

Africa’s leading private capital stakeholders gathered last week for the third annual Africa Prosperity Summit (APS), hosted by Ventures Platform, to accelerate a new era of verifiable and scalable growth across the continent. Held from 12 to 14 November 2025, the Summit—centred on the theme “Growing the Pie: Building the Pathways for Liquidity, Scale, and Enduring Returns”—brought together investors, operators, and policymakers to examine the forces shaping Africa’s next decade of capital formation and liquidity.

G20 Africa Energy Investment Forum to Spotlight the Future of Africa’s Oil and Gas Value Chain

The African Energy Chamber’s G20 Africa Energy Investment Forum, set for 21 November in Johannesburg will feature two high-level fireside chats examining the future of Africa’s oil and gas value chain. The discussions will delve into how upstream expansion, midstream diversification, and downstream modernisation can unlock new investment across the continent. 

African Marketplace Dubai 2025 Launches, Spotlighting Top African and Caribbean Brands on the Global Stage

The African Marketplace Dubai 2025 has officially opened at the Grand Hyatt Hotel, Dubai, uniting around 200 export-ready brands, creators, and SMEs from across Africa and the Caribbean for a four-day showcase of trade, culture, and enterprise.

Marketer confidence plunges as economic instability reshapes global consumer behaviour

Marketer confidence has fallen sharply, with optimism dropping 11 points as economic uncertainty continues to reshape how consumers spend and what they prioritise. The shift is outlined in WARC’s Marketer’s Toolkit 2026, which identifies five major trends expected to redefine global marketing strategies in the coming year.

Genesis Energy, NNPC Ltd Forge Landmark Partnership to Feed Excess Port Harcourt Refinery Power Into National Grid

Genesis Energy has entered a strategic collaboration with the Nigerian National Petroleum Company Limited (NNPC Ltd.) to channel excess power generated from the Port Harcourt Refining Company (PHRC) into Nigeria’s national grid, a move positioned to strengthen grid stability, expand electricity access, and support the country’s energy transition.

Bitcoin, Ethereum Surge as Crypto Market Cap Hits $3.6 Trillion

Bitcoin and Ethereum led a strong rebound in the cryptocurrency market on Monday, driving total market capitalisation above $3.6 trillion as investors snapped up digital assets amid hopes that the U.S. government shutdown will soon end.

Equinix Unveils $22 Million Data Centre Investment in Lagos

Equinix, Inc., the world’s leading digital infrastructure company, has announced plans to build a new state-of-the-art data centre in Lagos, Nigeria, as part of a $22 million investment in the country’s growing digital economy.

Alibaba Chooses Durban as African Launchpad Amid Rising Competition from Shein, Temu

Alibaba, the global e-commerce powerhouse, has officially chosen Durban, South Africa, as its strategic base for expanding operations across Africa. The move follows high-level talks between eThekwini Mayor Cyril Xaba and Alibaba’s international trade executives at the company’s headquarters in Hangzhou, China, where discussions focused on positioning Durban as the gateway to the continent’s growing digital trade network.

Verto Expands West African Footprint with New Lagos Office to Boost Cross-Border Payments

Global B2B payments leader Verto has strengthened its West African presence with the launch of a new strategic office in Lagos, Nigeria, underscoring its long-term commitment to providing businesses across the region with reliable, seamless, and affordable cross-border payment solutions.

CBN Injects ₦1.7 Trillion in OMO Bills to Foreign Investors and Banks Amid Liquidity Surge

The Central Bank of Nigeria (CBN) has allocated a total of ₦1.7 trillion in Open Market Operation (OMO) bills to foreign portfolio investors (FPIs) and deposit money banks (DMBs) following two auctions conducted this week.

Nitro 121 Celebrates 20 Years with Creative Garage Gig in Ikeja

Nitro 121 marked its 20th anniversary in style with the Garage Gig at its Ikeja GRA office, an event that drew industry stakeholders, clients, and key players on Thursday, 16 October 2025.