Nigeria Forex Reserves Surpass $40 Billion as Oil Output and Forex Inflows Rise
Nigeria’s Foreign Exchange Reserves Climb Above $40 Billion Mark Nigeria’s foreign exchange reserves have surged past the $40 billion threshold,…
Day: August 18, 2025
European Stocks Dip as Markets Await Ukraine Talks and Jackson Hole Signals
European Markets Slip as Traders Brace for Geopolitical and Fed CuesEuropean stock markets edged lower on Monday as investors turned…
Nigeria Sustains Oil Production Above OPEC Quota for Second Straight Month
Nigeria’s crude oil production exceeded its OPEC quota for the second consecutive month, hitting an average of 1.507 million barrels…
Food Price Surge Threatens Inflation Gains, CPPE Warns — Urges Structural Reforms
Despite a decline in headline inflation for the fourth consecutive month, the Centre for the Promotion of Private Enterprise (CPPE)…
Top 10 Nigerian Stocks with Highest Dividend Payouts in H1 2025 — Over N927 Billion Returned to Investors
In the first half of 2025, Nigerian listed companies returned a staggering ₦927.63 billion in cash dividends to shareholders, marking…
Telecom Operators Warn of Investment Drop in Nigerian States with Hostile Policies – ALTON
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has raised concerns that some Nigerian states may miss out on…
MTN Nigeria’s Operating Cash Flow Hits N956bn, Highest in a Decade, as Profit Soars 180%
MTN Nigeria Communications Plc has posted its strongest cash flow performance in a decade, with cash generated from operations rising…
Nigeria Pushes $1 Trillion Digital Economy Ambition with GITEX 2025 Tech Summit in Abuja and Lagos
Nigeria is accelerating its ambition to build a $1 trillion digital economy by 2030, driven by a dynamic ecosystem of…
Nigeria’s Currency Outside Banks Falls to N4.49trn in June, Still 90% of Cash in Circulation
Currency outside Nigeria’s formal banking sector dropped slightly to N4.49 trillion in June 2025, compared to N4.63 trillion in May, according to…
European Stocks Trade Mixed as Trump-Zelenskyy Talks on Ukraine Peace Loom
European markets opened mixed on Monday as investors awaited a high-stakes White House meeting between U.S. President Donald Trump, Ukrainian…
Global Tech Giants Launch AfricAI in Nigeria to Drive Sovereign AI Development
Four international technology firms—Lakeba Group (Australia), Next Digital (Nigeria), AqlanX (UAE), and Agentic Dynamic (Netherlands)—have signed a Memorandum of Understanding…
NAICOM Sets July 2026 Deadline for New Insurance Capital Requirements Under NIIRA 2025
The National Insurance Commission (NAICOM) has given insurance and reinsurance companies in Nigeria a 12-month deadline to comply with the…
NCC Cracks Down on Poor Telecom Services with New Governance, Cybersecurity, and QoE Reforms
Nigeria’s telecom operators are facing heightened regulatory pressure as the Nigerian Communications Commission (NCC) unveils sweeping reforms to improve service…
Stable Naira, Harvest Season Expected to Ease Nigeria’s Inflation – Analysts
Nigeria’s inflation outlook is showing signs of relief as analysts project further easing in the coming months, supported by stable…
Google Fined $36 Million in Australia for Anti-Competitive Telco Deals
Google has agreed to pay a $36 million (A$55 million) fine in Australia after admitting to striking anti-competitive deals with major telecom…
NNPC–Sahara JV, WAGL Energy, Expands LPG Fleet Beyond 160,000 Cubic Meters
WAGL Energy Limited, a joint venture between the Nigerian National Petroleum Company (NNPC) Limited and Sahara Group, has boosted its…
T-bill Auction Undersubscribed as Investors Shift Amid Falling Yields
The latest treasury bill auction in Ghana ended in a 35 percent undersubscription, reflecting weakening investor appetite for government short-term…
Cedi Strengthens as Fiscal Discipline and Debt Deals Boost Ghana’s Economic Recovery – World Bank
Ghana’s cedi has strengthened in 2025, supported by fiscal discipline and progress in debt restructuring, according to the World Bank’s…
Nigerian Equities Market Loses N713bn in One Week as Investors Rotate Portfolios
The Nigerian Exchange (NGX) closed the week ended August 15, 2025, in negative territory as the equities market shed N713 billion…
Nigeria Capital Market Soars on Policy Reforms, But Sustainability Questions Remain
Nigeria’s capital market is experiencing one of its strongest rallies in history, driven by sweeping policy reforms. Market capitalization has…