IFC Partners with FCMB to Empower Nigerian Women Entrepreneurs
First City Monument Bank Ltd. (FCMB) has partnered with the International Finance Corporation (IFC) to roll out the Goldman Sachs 10,000…
Day: August 12, 2025
Insurance Penetration in Ghana Stalls at 1% Despite Growth in Insurance Density
Insurance penetration in Ghana remained stagnant at 1.0% in 2024, matching the level recorded in 2023, according to the 2024…
FG Disburses N5.12 Billion Pension Arrears to 90,689 DBS Pensioners as Part of Tinubu’s Renewed Hope Agenda
The Federal Government of Nigeria has disbursed N5.12 billion in pension arrears to 90,689 beneficiaries under the Defined Benefit Scheme…
Nigeria’s Non-Oil Exports Surge Nearly 20% in H1 2025 Driven by Cocoa and Urea Demand
Nigeria’s non-oil exports rose by 19.6% to $3.225 billion in the first half of 2025, compared to $2.7 billion during…
Pension fund investment in real estate balloons by 418% to N77.8bn
Pension fund investments in Real Estate Investment Trusts (REITs) surged dramatically by 417.8% to N77.8 billion in the first half…
Nigeria Earns N5.21tn from Oil Sales in H1 2025, Faces Revenue Target Pressure Amid Industry Warnings
The Federal Government of Nigeria, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), generated N5.21 trillion from crude oil, gas…
Marketers Rush to Secure Direct Deals as Dangote Refinery Launches August 15 Fuel Supply
Petroleum marketers across Nigeria are intensifying negotiations with Dangote Petroleum Refinery Ltd. ahead of its planned August 15 rollout of…
Yuan weakens to 7.1405 against the dollar
The Chinese yuan weakened to 7.1405 against the US dollar on Monday, marking a 23-pip drop from the previous trading…
Nigeria’s High-Yield Market Lures Record Foreign Portfolio Inflows, but FDI Remains Weak
The National Bureau of Statistics (NBS) has reported that Nigeria attracted $5.64 billion in capital inflows in Q1 2025, marking…
US, China Extend Tariff Truce by 90 Days, Avoiding Massive Duty Hikes
The United States and China have agreed to extend their tariff truce for another 90 days, averting a steep escalation…
Ghana’s Financial Sector Assets Surge to GH₵525bn in 2024 Despite Lower GDP Share
Ghana’s financial sector recorded substantial growth in 2024, with total assets climbing by 34.6% to GH₵525.59 billion, according to the…
Elon Musk’s xAI Plans Legal Action Against Apple Over Alleged App Store Antitrust Breach
Elon Musk announced on Monday that his artificial intelligence startup, xAI, will take legal action against Apple, accusing the tech…
CFG Advisory Urges CBN to Cut Rates, Target Inflation, and Drive Growth Amid High Debt
CFG Advisory has called on the Central Bank of Nigeria (CBN) to reduce its benchmark interest rate and immediately begin…
European Markets Poised for Positive Start as Global Trade Talks Take Center Stage
European markets are expected to open the week on a positive note, with futures data indicating modest gains across major…
NCC Enforces 5-Year Ban on Former Telecom Regulators Joining Operators to Boost Governance and Transparency
The Nigerian Communications Commission (NCC) has unveiled new corporate governance guidelines that impose strict post-service restrictions on its top officials.…
Soaring Cash Demand Squeezes Nigerian Banks Amid Tight Liquidity, Rising Interest Rates
Nigeria’s banking sector is facing mounting liquidity pressure as a surge in cash demand from both government and private players…
Nigeria’s Forex Reserves Surge to $40.16bn on Tinubu’s Bold Economic Reforms — Presidency
Nigeria’s foreign exchange reserves have risen to $40.159 billion as of August 7, 2025, from $37.195 billion a month earlier,…
World Bank Approves $8.4bn Loans to Nigeria in Two Years, Sparking Debt Sustainability Concerns
The World Bank has approved a total of $8.40 billion (N12.89 trillion) in fresh loans to Nigeria between June 2023…
Petrol Prices Surge to ₦900/Litre Despite Crude Oil Drop; Marketers Predict Imminent Decline
Petrol prices across parts of Nigeria have surged past ₦900 per litre despite a recent decline in global crude oil…
Asian Markets Rally as US-China Tariff Truce Boosts Investor Confidence
Asian stock markets gained on Tuesday, with Japan’s Nikkei reaching an all-time high, as the United States and China extended…
Global Markets Rally as U.S.–China Tariff Truce Extended; Focus Shifts to Key U.S., UK Economic Data
Global markets started the day on a strong note after the United States and China agreed to extend their tariff…
First Securities Brokers Leads NGX in July with ₦414.46bn Trades, Secures Top Spot in Volume & Value
First Securities Brokers Limited, a subsidiary of First Holdco Plc, has emerged as the top-performing brokerage firm on the Nigerian…
NGX Opens Week Positive as Investors Gain ₦79.6bn on Renewed Buying Interest
The Nigerian Exchange Limited (NGX) kicked off the new trading week on a positive note as the All-Share Index (ASI)…