Tinubu, Atiku’s Aides Clash Over State of Nigerian Economy
In a heated exchange over Nigeria’s economic direction, senior presidential aide Bayo Onanuga and Atiku Abubakar’s media aide Phrank Shaibu…
Month: July 2025
NCC Introduces N10m Licence for Bulk SMS Providers to Tackle Fraud and Spam
The Nigerian Communications Commission (NCC) has announced a mandatory N10 million licence fee for companies sending bulk international SMS, commonly…
Naira Slightly Weakens to ₦1,529/$ as Forex Demand Rises Amid Card Transaction Resumption
The Nigerian naira experienced a marginal depreciation at the official foreign exchange market, closing at ₦1,529.22 to the dollar on…
IMF Calls on Nigeria to Deepen Inclusive Growth and Enforce Fiscal Discipline Amid Economic Strains
The International Monetary Fund (IMF) has advised Nigeria to prioritise inclusive economic growth, reinforce fiscal discipline, and increase domestic revenue…
Naira Breaks Free from Oil Dependency as Currency Holds Steady Despite Price Slump
Nigeria’s naira is showing signs of resilience and stability, decoupling from its historical dependence on crude oil prices, according to…
Despite 50% Tariff Hike, Nigeria’s Internet Usage Surges 30% in 2025
Despite a steep 50% increase in telecom tariffs earlier in 2025, Nigeria has seen a surprising 30.91% rise in average…
Meta Superintelligence Labs Poaches Elite AI Talent in Silicon Valley Hiring Blitz
Meta Platforms has launched a high-stakes hiring spree to populate its newly formed Superintelligence Labs, aimed at outpacing rivals like…
U.S. Treasury Yields Dip as Trump Ramps Up Tariff Tensions with 14 Nations
U.S. Treasury yields fell on Wednesday morning as investors closely watched the latest developments on trade policy after President Donald…
Nigeria Eyes Record $16.08bn in Foreign Portfolio Inflows Amid High Interest Rates
Nigeria is on track to record its highest-ever foreign portfolio investment (FPI) inflows by the end of 2025, as analysts…
Telecom Analyst Urges Unified RoW Charges, Local Equipment Production to Boost Nigeria’s Digital Future
A telecom analyst, Osita Odafi, has called on the Federal Government to harmonise right-of-way (RoW) charges across Nigeria and encourage…
CBN Raises Inflation Alarm as Rising Input Costs Threaten Business Margins
The Central Bank of Nigeria (CBN) has raised concerns about a potential surge in inflation, citing rising input costs across…
Dangote Refinery Targets 100% Nigerian Crude by Year-End in Energy Sector Milestone
Dangote Industries Limited has announced plans to fully switch its massive 650,000 barrels-per-day refinery to use only Nigerian crude oil…
CBN Rolls Out Stricter Loan Reporting Rules to Boost Transparency in Banks
The Central Bank of Nigeria (CBN) has introduced new guidelines to enhance credit reporting standards among commercial banks. The move…
T-Bill Undersubscriptions Expected to Continue as Investors Seek Higher Yields – Databank Research
Investor interest in Treasury Bills (T-bills) continues to wane, with market analysts predicting further under-subscriptions in the weeks ahead. This…
Nigeria and South Africa Boost Intra-African Trade to $220.3 Billion in 2024
Intra-African trade rose significantly by 12.4% in 2024 to reach $220.3 billion, up from $196.04 billion in 2023, according to…
Boosting Agricultural Investment Key to Fighting Nigeria’s Inflation – Economist Oluwole
Dumebi Oluwole, a prominent Nigerian economist and Team Lead of the Country Risk Team at Stears, has emphasized that Nigeria’s…
European Markets Climb as Investors Await U.S. Trade Moves; Mergers and Energy Shifts Also in Focus
European stocks ended Monday’s trading session mostly higher as investors looked ahead to potential U.S. trade deal announcements. The Stoxx…
NGX Chairman Deepens Capital Market Collaboration with Dubai Financial Market
In a significant step toward enhancing cross-border market integration, the Chairman of Nigerian Exchange Group (NGX) and CEO of Petralon…
NCC To Spotlight Mobile Virtual Network Investment, Growth Potential At Forum
The Nigerian Communications Commission (NCC) will headline the sixth edition of the Telecom Sector Sustainability Forum (TSSF 6.0), focusing on…
Australia Holds Interest Rate Steady at 3.85% Amid Inflation Uncertainty
In a surprise move, the Reserve Bank of Australia (RBA) kept its policy interest rate unchanged at 3.85% on Tuesday,…
Apple Appeals $587M EU Antitrust Fine Over App Store Restrictions
Apple has officially taken legal action against a €500 million ($587 million) antitrust fine imposed by the European Commission, filing…
Tinubu’s Tax Reforms Set Stage for Nigeria’s Economic Revival — IMPI
The Independent Media and Policy Initiative (IMPI) has hailed President Bola Tinubu’s new tax reforms as a landmark in Nigeria’s…
FGN Opens July Savings Bonds with Up to 16.76% Interest Amid Stable Monetary Climate
The Debt Management Office (DMO) has commenced the subscription window for the July 2025 issuance of the Federal Government of…
European Markets Stall as Trump’s Tariff Threats Stir Global Trade Uncertainty
European shares remained largely unchanged on Tuesday, as investors weighed the potential impact of fresh tariff threats from U.S. President…
China Warns Trump Against Tariff Hikes, Threatens Retaliation on Supply Chain Deals
In a sharp warning to former U.S. President Donald Trump, China on Tuesday cautioned against reigniting trade tensions by reinstating…
Seven Nigerian Banks Face ₦965bn Recapitalisation Gap Ahead of CBN Deadline
Seven Nigerian commercial banks—Fidelity Bank, FCMB, GTCO, UBA, First Bank Holding (FirstHoldco), Sterling Bank, and Stanbic IBTC—are under pressure to…
Naira Gains Slightly as Banks Resume International Use of Naira Cards
The Nigerian naira saw a modest appreciation on Monday across both the official and parallel foreign exchange markets following the…
Trump Slaps Nigeria With 10% Tariff Over BRICS Ties Amid Growing Global Trade Tensions
U.S. President Donald Trump has announced a 10% tariff on Nigeria in response to the country’s recent alignment with BRICS,…
CBN Temporarily Lifts Cap on Tier-1 Capital to Boost Bank Resilience Until March 2026
The Central Bank of Nigeria (CBN) has announced a temporary removal of caps on the recognition of Additional Tier-1 (AT1)…
Ghana Secures $370M IMF Boost After Fourth Review Approval
Ghana has received a significant financial boost as the International Monetary Fund (IMF) approved the country’s fourth review under the…