Declining Oil Production Threatens Nigeria’s Fiscal Stability and Dollar Earnings
Nigeria’s fiscal stability is under increasing pressure as the country’s crude oil production dropped to its lowest level in 2025.…
Month: April 2025
Banks Essential to Nigeria’s $1 Trillion GDP Target, CBN Says
Nigeria’s ambition to reach a $1 trillion GDP by 2030 heavily relies on the banking sector’s ability to increase capital…
GIA and SEC Unveil Strategic Plan for Nigeria’s Digital Asset Market Growth
The Global Investment Advisory (GIA) Community, in partnership with the Securities and Exchange Commission (SEC), has unveiled a comprehensive Digital…
GNCCI Warns Ghana’s 2025 Inflation Target at Risk Due to Rising Costs and Policy Hikes
The Ghana National Chamber of Commerce and Industry (GNCCI) has raised concerns that the country’s 2025 inflation target of 11.9%…
Naira Weakens as Dollar Index Hits 2022 Lows Amid Growing Market Concerns
The Nigerian naira saw slight gains in the country’s foreign exchange market, with official rates hovering near N1600/$, while the…
Firm secures funding to promote AI
The Kayode Alabi Leadership and Career Initiative (KLCI) has received N75 million in cloud credits from Amazon Web Services (AWS)…
OPEC Lowers Oil Demand Forecast as US Tariffs Rattle Global Markets
OPEC has revised its global oil demand growth forecast for 2025, trimming it to 1.3 million barrels per day (bpd),…
CBN Warns Banks Against Illicit Funds Amid Recapitalisation Drive
The Central Bank of Nigeria (CBN) has issued a strong warning to deposit money banks against sourcing capital from illicit…
Entrepreneurs Applaud FCMB’s BEST Programme for Boosting Business Growth
First City Monument Bank (FCMB) is receiving widespread praise for its recent Business Empowerment, Sustainability and Training (BEST) Masterclass, which…
Nigeria’s Oil Production Hits 2025 Low, Threatening Budget and Economic Stability
Nigeria’s oil production has dropped to its lowest level in 2025, raising concerns over the country’s economic outlook and ability…
African Trade Ministers to Address Trump’s Tariff Threat
African Trade Ministers from across the continent are convening on Monday, April 14, 2025, to discuss the newly announced tariffs…
Banks and Manufacturers Overcome Economic Challenges to Post Impressive Profits and Dividends in 2024
Despite Nigeria’s economic struggles, including high inflation, a depreciating naira, and rising interest rates, both banks and manufacturing companies have…
Afriland Properties Approves N865.5m Dividend as 2024 Profits Surge
Afriland Properties Plc has received shareholder approval to distribute a total dividend of N865.5 million, equating to 63 kobo per…
Trump’s Commerce Secretary Warns of Future Tariffs on Tech Products
The U.S. tech industry’s temporary relief from tariffs may soon come to an end, according to Commerce Secretary Howard Lutnick.…
Trump’s Escalating Trade War with China Poses High Stakes for U.S. Economy
President Donald Trump’s trade war with China has reached a critical juncture, as rising tariffs threaten to push the U.S.…
Federal Court Admits FIRS Documents in Ongoing Tax Evasion Case Against Binance in Nigeria
The Federal High Court in Abuja has accepted evidence from the Federal Inland Revenue Service (FIRS) regarding its investigation into…
Telecom Operators Begin Infrastructure Overhaul Amid Service Complaints and Tariff Hike
Telecommunications operators across Nigeria have begun major upgrades and equipment installations to improve service quality nationwide. This move comes in…
Insurance Operators Urged to Drive Reforms for National Development
Insurance sector operators have been called upon to implement significant reforms aimed at improving the industry’s competitiveness and fostering its…
MAN Warns U.S. Tariff Could Derail Nigeria’s N55trn Budget, Threaten AfCFTA Ambitions
The Manufacturers’ Association of Nigeria (MAN) has raised the alarm over the imposition of a 14% tariff on Nigerian goods…
SEC Cracks Down on Unregistered Digital and Forex Trading Platforms Under New ISA 2025 Law
The Securities and Exchange Commission (SEC) of Nigeria has announced a ban on the operation of digital asset exchanges and…
Investors Cautious as NGX Sheds N440bn Amid Economic Jitters
The Nigerian Exchange (NGX) faced a sharp downturn last week, with market capitalisation dropping by N440.51 billion to settle at…
European Stocks Surge on Tech Tariff Reprieve, But Uncertainty Lingers
European markets rebounded sharply on Monday, with the pan-European Stoxx 600 index climbing 2.2% as all sectors turned green. Technology…
Unclaimed Dividends Hit ₦68.7bn in 2024 as SEC Doubles Down on Tech-Driven Solutions
In 2024, thirteen major companies listed on the Nigerian Exchange (NGX) reported a combined ₦68.7 billion in unclaimed dividends—marking a…
Banks and Universities colluding to frustrate student loan disbursement, says NOA
The National Orientation Agency (NOA) has raised serious concerns over alleged collusion between some universities and banks aimed at frustrating…
Fitch Upgrades Nigeria’s Credit Rating to Stable Amid Reforms and Economic Improvements
Fitch Ratings has upgraded Nigeria’s credit rating to ‘B’ with a stable outlook, reflecting the country’s economic progress following significant…
FG Seeks Continued EU Support for Nigeria’s Power Sector Reform
The Nigerian government is calling for continued technical and financial support from the European Union (EU) to address the challenges…
Government Achieves GH¢6.67bn in Treasury Bill Auction Oversubscription-GHANA
The government of Ghana successfully raised GH¢6.67 billion in its latest treasury bill auction, surpassing its target by a slight…
Ghana’s Damang Mine Decision Paves Way for Local Investment in Mining Sector – Isaac Tandoh
The Ghanaian government’s decision not to extend the mining lease for the Damang Gold Mine has been positioned as a…
ISA 2025 Ushers in Bold Reforms to Transform Nigeria’s Capital Market
The newly enacted Investments and Securities Act (ISA) 2025 has been hailed as a landmark reform that resets Nigeria’s capital…
Oil Slump and US Tariffs Shake Nigeria’s FX Market, Deepening Naira Volatility
Nigeria’s foreign exchange market has once again come under intense pressure as a mix of falling global oil prices and…