NGX Nears ₦100 Trillion as 35 Stocks Deliver Up to 500% Gains in 2025
The Nigerian Exchange Limited (NGX) is witnessing an extraordinary bull run in 2025, as 35 listed companies have posted returns…
Day: August 7, 2025
Airtel to Build Nigeria’s Largest 38MW Data Centre in Eko Atlantic to Power Cloud and AI Boom
Airtel Nigeria has announced plans to construct a 38-megawatt hyperscale data centre in Lagos, marking what will become the largest data centre in…
Tinubu Approves Pension Hike and Free Healthcare for Low-Income Retirees
President Bola Tinubu has directed the immediate implementation of pension increases and free healthcare access for low-income retirees under the…
Nigeria’s FDI Plummets 70% in Q1 2025 as Foreign Investors Flock to Short-Term ‘Hot Money’ Opportunities
Foreign Direct Investment (FDI) into Nigeria dropped sharply by 70.06% in the first quarter of 2025, falling to $126.29 million…
CBN Concludes Audit of Failed FX Deals, Refunds Banks in Naira Amid Ongoing FX Market Reforms
The Central Bank of Nigeria (CBN) has officially concluded its forensic audit into undelivered and unverified forward foreign exchange (FX)…
MTN, Airtel Earn Big as Nigerians Prioritize Data Over Daily Necessities
MTN Nigeria and Airtel Nigeria have reported record-breaking earnings from data services in Q2 2025, driven by skyrocketing mobile internet…
Chinese Exporters Sell Record $132.5B in Yuan Options Amid Currency Stability and Weak Dollar
Surge in Currency Derivative ActivityChinese firms, particularly exporters, sold a record-breaking $132.5 billion worth of dollar/yuan currency options in the…
Headline: Naira Stability and Easing Inflation Drive N329bn Revenue Surge for Nigeria’s Top Palm Oil Firms
Nigeria’s two largest oil palm producers, Presco Plc and Okomu Oil Palm Company Plc, recorded a combined N329 billion in revenue in the first half…
Ghana’s Inflation Drops to 12.1% in July 2025, Lowest Since October 2021
Ghana’s headline inflation rate decreased to 12.1% in July 2025, marking the seventh straight month of decline and hitting the…
Nigerian Stock Market Hits N92.25tn Market Cap Amid Bullish Momentum
The Nigerian equities market continued its upward trajectory on Wednesday, with strong investor confidence boosting the All-Share Index (ASI) by…
Foreign Investors Dump ₦576bn in Nigerian Stocks Amid Market Volatility and Policy Uncertainty
Between January and June 2025, foreign investors withdrew ₦576.09 billion from the Nigerian Exchange (NGX), an 85% increase compared to…