Nigeria’s Banking Sector Attracts 55% of Q1 2025 Foreign Capital Inflows Amid Reforms
Foreign investors have shown renewed confidence in Nigeria, with the banking sector emerging as the largest recipient of capital inflows…
Day: August 21, 2025
China Strengthens Nigeria Ties with Strategic Ogun Guangdong Free Trade Zone Visit
Chinese diplomats have intensified bilateral relations with Nigeria through an official visit to the Ogun Guangdong Free Trade Zone (OGFTZ).…
FG Fails to Publish Budget Implementation Reports for Nearly a Year, Raising Transparency Concerns
The Nigerian government has not released any quarterly Budget Implementation Reports (BIRs) in nearly a year, sparking concerns over fiscal…
Nigeria Needs 22% Annual Growth, FX Stability to Hit $1 Trillion Economy by 2030 – Report
Nigeria’s ambition of becoming a $1 trillion economy by 2030 is achievable but will require bold policy reforms, exchange rate…
NGX Market Cap Drops N663bn as Bearish Sentiment Persists
The Nigerian Exchange (NGX) extended its bearish streak on Wednesday as equities investors lost N663 billion in market value due to sustained…
NCC to Publish Quarterly Telecoms Performance Reports Using Consumer Data
The Nigerian Communications Commission (NCC) has announced plans to begin publishing quarterly reports on telecoms network performance across the country,…
Nigeria GDP Rebasing Highlights Non-Oil Growth, Real Estate Overtakes Oil in Economic Contribution
Nigeria’s latest Gross Domestic Product (GDP) rebasing has revealed a major shift in the country’s growth structure, showing that non-oil…
Ghana Sets Highest Cocoa Farmgate Price in West Africa – COCOBOD Defends Farmers’ Earnings
The Ghana Cocoa Board (COCOBOD) has rejected claims that cocoa farmers in Ghana earn less than their counterparts in Côte…
Bank of Ghana Bans Unsupported Dollar Payouts to Corporates to Stabilize Forex Market
The Bank of Ghana (BoG) has issued a new directive prohibiting banks from allowing large corporates to withdraw foreign currency…
PepsiCo, DP World Invest $20m in Lagos Facility to Boost Nigeria’s Economy and Job Creation
The Federal Government has welcomed a fresh wave of foreign investment as PepsiCo and DP World commissioned a $20 million production…
Nigerian Stock Market Extends Losses as CHAMPION, AUSTINLAZ Lead Gainers Despite 0.73% ASI Drop
The Nigerian Exchange (NGX) extended its losing streak on Wednesday, August 20, 2025, as the All-Share Index (ASI) fell by…
Nigeria Explains Delay in Striking Trade Deal with the United States
Nigeria has explained why it has not yet signed a trade agreement with the United States despite ongoing talks. According…
Microsoft Restricts Chinese Firms’ Access to Cybersecurity Program After SharePoint Hacks
Microsoft has scaled back Chinese companies’ access to its cyber early warning system following allegations of Beijing-linked hacking campaigns. The…
Chinese startup DeepSeek releases upgraded AI model
Chinese artificial intelligence startup DeepSeek has launched an upgraded version of its AI model, DeepSeek-V3.1, featuring a hybrid inference structure designed to boost…
Global Exchanges Warn of Risks as Public Markets Continue to Shrink
The World Federation of Exchanges (WFE) has raised concerns over the continued decline of public markets, warning that the trend…
Nigerian Banks to Raise Extra N900bn in 2025 as Recapitalisation Deadline Nears
Nigerian banks are expected to raise an additional N900 billion in fresh capital by the end of 2025, as lenders race…
Google, Microsoft, TikTok Shut Down 13.5m Accounts in Nigeria Over Online Safety Violations
Big tech companies — Google, Microsoft, and TikTok — deactivated more than 13.5 million accounts in Nigeria in 2024 as part of…
Nigeria’s Corporate FX Inflows Surge to $1.2bn in July, Boosting Dollar Liquidity
Nigeria recorded a significant rise in foreign exchange (FX) inflows from corporates in July 2025, providing some relief to the…