BREAKING: Mojisola Meranda Emerges New Lagos Assembly Speaker After Mudashiru Obasa’s Impeachment
Hon. Mojisola Lasbat Meranda has been elected as the new Speaker of the Lagos State House of Assembly, Mudashiru Obasa,…
Day: January 13, 2025
Nigeria’s Foreign Trade by LC Payments Down 52.5% YoY to $506.1m
Nigeria’s foreign trade by Letter of Credit (LC) payments declined by 52.5% Year-on-Year (YoY) to $506.1 million in the first…
Investors Return Rise by N1.13trn as Stock Market Surge Further
In the second week of trading in 2025, Nigerian stock market investors experienced a significant surge, in market capitalization growing…
CBN unveils diaspora-friendly accounts to boost investments
The Central Bank of Nigeria (CBN) has introduced two new accounts designed to attract investments from Nigerians living abroad. The…
Apple Urges Shareholders to Reject Call for DEI Programme Rollback
Apple’s board has urged investors to reject a proposal aimed at dismantling its Diversity, Equity, and Inclusion (DEI) programs. The…
Sub-Saharan Africa Lost $1.56bn To Internet Shutdown In 2024 – Report
Sub-Saharan African countries collectively lost $1.56 billion due to government-induced internet shutdowns in 2024, accounting for 19% of the $7.69…
Nigerian Firms Shortlisted in UNDP’s Africa’s 15 Startups for Next HealthTech Programme
The United Nations Development Programme (UNDP) Africa, has unveiled 15 groundbreaking startups for its HealthTech Hub program, including three Nigerian…
FG sets up a special unit as implementation of LGA financial autonomy begins
The Federal Government of Nigeria, through the Office of the Accountant-General of the Federation (OAGF), has set up a dedicated…
Experts project 3.5% economic growth for Nigeria in 2025
Experts forecast Nigeria’s economy to grow by 3.5% year-on-year in 2025, a slight improvement from the estimated 3.2% in 2024,…
NGX hauls N12.2trn from bonds, listings in 2024
The Nigerian Exchange Limited (NGX) achieved a remarkable milestone in 2024, recording N12.17 trillion from Federal Government (FGN) bonds and…
GTCO’s N400.5bn Public Offer Falls Short by 48%
Guaranty Trust Holding Company Plc (GTCO) has revealed that its N400.5 billion public offer was undersubscribed by 48%, raising only…
The oil and gas sector received 31.1% of banks’ credit allocation in Q3 2024 –CBN
In the third quarter of 2024, the oil and gas sector secured 31.1% of Nigeria’s total credit allocation from deposit…
NAHCO Appoints Olumuyiwa Olumekun as GMD/CEO Following Gupta’s Retirement
The Nigerian Aviation Handling Company PLC (NAHCO) has named Mr. Olumuyiwa Olumekun as its new Group Managing Director/Chief Executive Officer,…
GDP rebasing: Services to enjoy biggest gain
Nigeria’s services sector is projected to account for 55 to 60 percent of its rebased Gross Domestic Product (GDP) in…
CBN expected to hold MPR for most of 2025
Asset management firm Meristem Securities has projected that the Central Bank of Nigeria (CBN) will likely maintain its Monetary Policy…
FG to strengthen capital market for wealth creation
The Federal Government has reiterated its commitment to bolstering Nigeria’s capital market as a key driver of economic growth and…
Nigeria secured $7.6bn investments at Africa forum – Adesina
Nigeria has attracted $7.6 billion in investment commitments at the Africa Investment Forum 2024, held in Rabat, Morocco, from December…
Recapitalization and Regulatory Shifts Reshape Nigerian Banking Sector in 2024
The Nigerian banking sector experienced a transformative 2024, driven by the Central Bank of Nigeria’s (CBN) recapitalization directive to support…