Stocks Steady, Dollar Firms as U.S. Eases Auto Tariffs Amid Market Jitters
Markets opened Tuesday on a cautious yet slightly positive note after the U.S. announced a softening of auto tariffs, easing…
Month: April 2025
Naira Stays Firm Below ₦2,200/£ as Global Pound Strength Faces Local Resistance
The Nigerian naira held firm against the British pound in the unofficial market, closing at around ₦2,177/£ as of April…
Google Opens 2025 Software Engineering Apprenticeship Applications in Paris
Google has officially opened applications for its 2025 Software Engineering Apprenticeship program in Paris, targeting aspiring tech professionals eager to…
Fitch Upgrades Credit Ratings of Lagos, Kaduna, Kogi, and Oyo States Amid Nigeria’s Economic Reforms
Global credit rating agency Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDRs) of Lagos, Kaduna, Kogi, and Oyo…
FG to resume payment of wage award arrears
The Federal Government has announced plans to resume payments for the outstanding five months of N35,000 wage award arrears to…
FIRS Orders Banks to Close Unauthorised Tax Accounts to Boost Tax Collection Transparency
The Federal Inland Revenue Service (FIRS) has issued a directive to all banks in Nigeria, mandating the closure of any…
Richard Quaye Retires from Bills Micro Credit; Kwadwo Kwarteng Named New Board Chair-Ghana
Business heavyweight Richard Nii Armah Quaye has officially retired from his role as Board Chairman of Bills Micro Credit, drawing…
MTN Ghana Confirms Data Breach Affecting 5,700 Customers, Launches Investigation
MTN Ghana has officially confirmed that approximately 5,700 of its customers may have been affected by a recent data breach…
SEC Pushes for Deeper African Capital Market Integration Through Strategic Cooperation
During a recent official visit to Morocco, the Director General of Nigeria’s Securities and Exchange Commission (SEC), Dr. Emomotimi Agama,…
CBN Grants Direct Forex Access to PAPSS to Boost Intra-African Trade
The Central Bank of Nigeria (CBN) has implemented new measures aimed at enhancing Nigeria’s role in Africa’s cross-border trade by…
Bullish Run on NGX: International Breweries, Cadbury Spark N228bn Market Surge
The Nigerian Exchange (NGX) sustained its bullish trend on Monday, led by notable gains in blue-chip stocks such as International…
Nigeria’s Economic Reforms Gain Global Support, Strengthening Naira and Investor Confidence
At the 2025 Spring Meetings of the International Monetary Fund (IMF) and World Bank Group, Olayemi Cardoso, Governor of Nigeria’s…
Nigeria’s SEC Recognizes Crypto as Securities: What It Means for the Industry
In a landmark move, Nigeria’s Securities and Exchange Commission (SEC) has officially classified cryptocurrencies as securities under the newly updated…
Nigeria Ranks 105th Globally in 5G/4G Network Index, 9th in Africa
Nigeria has ranked 105th globally and 9th in Africa on the Opensignal Global Network Excellence Index, which evaluates mobile network…
FG Approves Textile Development Board and $90bn Agribusiness, Livestock Growth Plan
The National Economic Council (NEC), chaired by Vice President Kashim Shettima, has approved the establishment of the Cotton, Textile, and…
Nigerian Banks See 51% Surge in Customer Deposits to N140.97 Trillion in 2024 Amid Economic Challenges
In 2024, Nigerian banks achieved a remarkable 51% growth in customer deposits, reaching N140.97 trillion, compared to N93.5 trillion in…
Global Debt Challenges: Navigating Fiscal Policy Amid Economic Uncertainty
Amid escalating global uncertainty, governments face tough choices in balancing rising public debt with economic growth and urgent spending needs.…
European Markets Gain Momentum; Deliveroo Surges After DoorDash Takeover Proposal
European markets experienced a positive start to the week, with most sectors trading higher on Monday. The Stoxx 600 index…
UBA Chairman Elumelu Assures Shareholders of N500 Billion Capital Base by Q3 2025
At the United Bank for Africa (UBA) Plc’s 63rd Annual General Meeting (AGM) in Abuja, UBA Chairman Tony Elumelu reassured…
Panic Over World Bank’s 56% Poverty Surge Forecast in Nigeria: Urgent Calls for Action
A recent warning from the World Bank has sparked widespread concern about a projected 56% increase in poverty rates in…
Foreign Investors Propel NGX Beyond N1trn Threshold Amid Strong Market Activity
In March 2025, the Nigerian Exchange Limited (NGX) experienced significant growth, crossing the N1 trillion threshold for the first time,…
Nigerian Senate Calls for Responsible Innovation in Fintechs, Tightens Regulatory Oversight
Stakeholders in Nigeria’s fintech sector have been urged to innovate responsibly as the Senate looks to strengthen regulatory oversight in…
Ghana’s Inflation Set to Ease Further in April, Analysts Predict
Inflation in Ghana is expected to continue its downward trend in April 2025, with market analysts projecting a further decrease…
Government Exceeds Treasury Bill Target by GHS 550 Million in Latest Auction- Ghana
The Government of Ghana has successfully exceeded its Treasury bill target by GHS 550 million, according to the latest auction…
SERAP Urges Zuckerberg and Meta to Pay $220M Fine and Compensate Victims for Privacy Violations in Nigeria
The Socio-Economic Rights and Accountability Project (SERAP) has called for Mark Zuckerberg, the CEO of Meta Platforms, to immediately pay…
CBN Raises N2.93trn from T-Bills and OMO Auctions Amid Strong Investor Demand
In a significant move, the Central Bank of Nigeria (CBN) successfully raised N2.93 trillion through Treasury Bills (T-Bills) and Open…
FG Raises Alarm Over Rising Cyber-Slavery Threats in West Africa
The Federal Government of Nigeria has issued a strong warning about the growing threat of cyber-slavery in West Africa, particularly…
Nigeria Poised for Economic Resilience Amid Global Uncertainties, Says Finance Minister Edun
Nigeria’s economic outlook remains positive despite global uncertainties, according to Wale Edun, the Minister of Finance and Coordinating Minister of…
Nigeria’s Debt Servicing Costs Soar to N8.9tn, Straining Public Finances
Nigeria’s debt servicing costs have skyrocketed to N8.9 trillion in the first nine months of 2024, surpassing the budgeted figure…
IMF Boss commends Ato Forson for strong commitment to economic reforms
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has praised Ghana’s Finance Minister, Dr. Cassiel Ato Forson, for…