Nigerian Stock Market Begins Week Strong with N193bn Gain Amid Renewed Investor Confidence
The Nigerian Exchange Limited (NGX) opened the week on a bullish note, recording a gain of N193 billion in market…
Month: July 2025
CBN Orders Banks to Submit Capital Restoration Plans as Forbearance Regime Winds Down
The Central Bank of Nigeria (CBN) has mandated all affected banks to submit detailed capital restoration plans as part of…
Nigeria’s Fintech Crisis: Over $200 Million Lost as Startup Failures Surge
Nigeria’s fintech sector, once hailed as a beacon of innovation and investment in Africa, is witnessing an alarming surge in…
Investors Position for Q2 Earnings as NGX Market Capitalisation Surges by N377bn
The Nigerian Exchange (NGX) ended the first trading week of July 2025 on a bullish note, gaining N377.26 billion in…
Naira Poised for Modest Gains as Forex Liquidity Improves, Say Analysts
The Nigerian naira is projected to remain stable and potentially gain value this week, trading between ₦1,500 and ₦1,530 against…
Global Markets Stay Resilient Despite Trump’s Looming Tariff Hike
Global financial markets have shown surprising calm ahead of U.S. President Donald Trump’s Wednesday tariff deadline, brushing off concerns that…
NCC Pushes Solar Energy to Cut Telecoms’ Diesel Dependency and Costs
The Nigerian Communications Commission (NCC) is spearheading a new initiative to promote solar energy adoption within the telecom sector. This…
Sycamore MD: Fintech and AI Can Multiply Nigeria’s Retail Investors Tenfold in 5 Years
Oluwagbenga Magbagbeola, Managing Director of Sycamore Investment and Asset Management, explained the company’s transition from peer-to-peer lending into regulated asset…
Petrol Prices Fall Below ₦900 as Dangote Refinery Slashes Rates Amid Global Oil Dip
Petrol pump prices in Nigeria have dropped below ₦900 per litre, following a ₦40 cut in ex-depot prices by the…
10-Year Treasury Yields Rise as Trump Delays Tariff Reinstatement, Threatens New Trade Measures
The yield on the U.S. 10-year Treasury rose on Monday as global markets reacted to President Donald Trump’s announcement that…
Trump Intensifies Trade War with New Tariff Threats and BRICS Penalties
The ongoing U.S. trade war under President Donald Trump is heating up once again, as new tariff announcements and shifting…
CBN Clarifies BVN Charges: Enrolment Still Free for Nigerians at Home, $50 Fee Applies Only to Diaspora Service
The Central Bank of Nigeria (CBN) has addressed concerns circulating on social media about alleged new or hidden charges associated…
DMO Opens July FGN Savings Bond Offer with Up to 16.762% Interest Despite Slight Rate Drop
The Debt Management Office (DMO) has announced the opening of subscriptions for the July 2025 issuance of the Federal Government…
Government Misses T-Bills Target for Sixth Straight Week Amid Falling Interest Rates-Ghana
The Government of Ghana has once again fallen short of its Treasury bill target, marking the sixth consecutive week of…
Nigerian Stocks Set to Soar 32% in 2025 on Tax Cuts, FX Reforms – Report
With projections indicating a 32.2% return, according to CardinalStone Research’s 2025 Mid-Year Economic Outlook. The bullish forecast is underpinned by…
Half of African Currencies Weaken in May Despite Economic Reforms – Afreximbank Report
Nearly half of Africa’s currencies depreciated in May 2025, revealing a mixed macroeconomic picture across the continent, according to the…
Oyo State, FCMB Launch ₦1.5bn Agribusiness Fund to Empower 1,000 Youths
The Oyo State Government has unveiled a ₦1.5 billion empowerment scheme in partnership with First City Monument Bank (FCMB) to…
Naira Holds at ₦2,200/£ Despite Weakened British Pound Amid UK Economic Concerns
Despite the British pound entering a correction phase globally, the Nigerian naira has remained stable at ₦2,200/£ on the parallel…
Stakeholders Rally Behind Intra-African Trade to Drive Economic Growth and Industrialisation
Nigeria is intensifying efforts to accelerate the implementation of the African Continental Free Trade Area (AfCFTA) to unlock business opportunities…
Wall Street Awaits Payrolls Report as U.S. Stock Futures Hold Steady
U.S. stock index futures were mostly flat on Thursday as investors braced for the release of the monthly nonfarm payrolls…
IMF Urges Fiscal Discipline to Bolster CBN’s Inflation Fight and Support Naira Stability
The International Monetary Fund (IMF) has endorsed the Central Bank of Nigeria’s (CBN) stringent monetary policy, stating that tighter fiscal…
Nigeria’s growth rate to hit 4.2% amid improved oil output, business conditions –Report
Nigeria’s economic growth is projected to reach 4.2% in 2025, buoyed by rising crude oil output, improved business confidence, and…
Global Stocks Hit Record Highs Ahead of U.S. Jobs Data; UK Bonds Stabilize After Turmoil
Global stock markets surged to record highs on Thursday, buoyed by optimism ahead of the closely watched U.S. payrolls report…
Treasury Yields Dip Ahead of June Jobs Report as Markets Watch Trump’s Spending Bill
U.S. Treasury yields edged lower on Thursday morning as investors awaited the release of the June nonfarm payrolls report, a…
Ghana’s Inflation Drops to 13.7% in June, Marking Six-Month Decline
Ghana’s inflation rate dropped significantly to 13.7% in June 2025, according to new data released by the Ghana Statistical Service…
Telcos Blame NIMC Migration for SIM Service Disruptions, Apologize to Subscribers
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has addressed the recent disruptions in SIM-related services across the country,…
Experts Call for Unified Cybersecurity Strategy to Combat Rising Threats in Nigeria
In response to increasing cyberattacks threatening Nigeria’s economy and digital infrastructure, ICT experts at the 2025 Cybersecurity Forum in Abuja…
AI and Blockchain Join Forces to Solve Each Other’s Limitations, Ushering in a New Digital Era
The rise of artificial intelligence (AI), particularly large language models (LLMs), and blockchain once seemed like two parallel revolutions. AI…
Flutterwave Cuts Workforce in Kenya and South Africa Amid IPO Preparations
Flutterwave, the African fintech giant, has downsized its operations in Kenya and South Africa by laying off approximately 50 percent…
Trump Invites Five African Leaders for Trade Talks, Snubs Nigeria
US President Donald Trump is set to host the presidents of five African nations—Gabon, Guinea-Bissau, Liberia, Mauritania, and Senegal—at the…