Naira to Gain Temporary Boost as U.S. Plans Interest Rate Cuts
The naira could experience a short-term appreciation against the U.S. dollar as the Federal Reserve signals potential interest rate cuts. Analysts…
Month: August 2025
Africa Prudential Records 75% Profit Growth in H1 2025 on Strong Diversified Income
Africa Prudential Plc has reported a robust financial performance for the first half of 2025, posting a 75 percent year-on-year…
Nigeria’s Financial Markets Show Resilience Amid Global Economic Uncertainty
Nigeria’s economy expanded by 3.13% in Q1 2025, surpassing last year’s 2.27% but falling short of the 4.9% forecast, highlighting…
Ghana Pays GH¢9.7bn DDEP Coupon to Restore Investor Confidence Ahead of Bond Market Return
Ghana’s government has settled GH¢9.7 billion in coupon arrears under the Domestic Debt Exchange Programme (DDEP), a move expected to…
Dangote Refinery Receives 1,000 CNG Trucks, Fuel Distribution to Begin in South-West Nigeria
The Dangote Petroleum Refinery is set to launch its direct fuel distribution scheme in the coming weeks as 1,000 Compressed…
Nigeria Data Protection Act Enforcement: NDPC Targets Banks, Insurers, and Tech Firms with 21-Day Compliance Deadline
The Nigeria Data Protection Commission (NDPC) has launched an aggressive enforcement drive targeting financial institutions and tech firms over compliance…
Dangote Refinery and Petrol Prices: 10 Swings in 10 Months Despite Local Supply
Nigeria’s petrol market has experienced dramatic volatility since the Dangote Refinery began supplying fuel in September 2024, despite hopes for…
CBN Raises ₦8.99 Trillion via T-Bills in 7 Months as Rates Drop to 15%
The Central Bank of Nigeria (CBN) raised a total of ₦8.99 trillion through Treasury Bills (T-Bills) auctions in the first seven…
Nigerian Breweries, International Breweries, Champion Breweries Post N1.09 Trillion Revenue in H1 2025 Amid Inflation Pressures
Nigerian Breweries Plc, International Breweries Plc, and Champion Breweries Plc collectively recorded an impressive N1.09 trillion in revenue for the…
FCMB Group Plans Equity Capital Raise to Fund Regional and International Expansion
FCMB Group Plc has announced plans to raise equity capital as part of its strategy to strengthen its capital base…
Nigeria’s GDP to Grow 3.2%-3.9% in Q2 2025 on Rebasing, FX Stability, and Stronger Business Activity
Nigeria’s economy is on track to post faster growth in the second quarter of 2025, with analysts projecting real GDP…
U.S. Treasury Yields Edge Higher as Investors Await Inflation Data
U.S. Treasury yields ticked higher on Monday as investors assessed Federal Reserve Chair Jerome Powell’s recent comments and shifted focus…
European Stocks Open Lower as Orsted Plunges 18% Amid U.S. Project Halt
European markets started the week on a weaker note, with the pan-European Stoxx 600 slipping 0.2% in early trading on…
Ghana Misses T-Bill Target for Third Consecutive Week as Yields Climb
Ghana’s Treasury Bill market remained under pressure last week as the government failed to meet its issuance target for the…
CBN Introduces Bank Customers’ Bill of Rights to Strengthen Consumer Protection and Financial Inclusion
The Central Bank of Nigeria (CBN) has launched the Bank Customers’ Bill of Rights to protect consumers and promote fair…
Nigeria, Japan Forge Partnership to Boost Mining Investments and Mineral Processing
Nigeria and Japan have agreed to deepen cooperation in the mining sector as both nations seek to unlock investment opportunities…
Nigerian Equities Market Slumps as Investors Lose N2.29 Trillion in One Week
The Nigerian equities market witnessed a sharp downturn last week, as investors lost approximately N2.29 trillion due to sustained selloffs across major…
Nigeria Targets 2.5 Million Barrels Per Day Oil Output by 2026, Says NUPRC
Nigeria is on track to boost its crude oil output to 2.5 million barrels per day (mbpd) by 2026, according…
UK Dominates Nigeria’s Q1 2025 Capital Inflows with ₦5.5 Trillion Investment
The United Kingdom emerged as Nigeria’s leading source of foreign capital in the first quarter of 2025, contributing ₦5.52 trillion…
German Economy Shrinks 0.3% in Q2 as U.S. Tariffs Hit Exports, Growth Outlook Weakens
Germany’s economy contracted by 0.3% in the second quarter of 2025, according to revised data from the Federal Statistics Office,…
Edun, Cardoso Meet to Align Fiscal and Monetary Policies, Boost Investor Confidence
Nigeria’s Finance Minister Wale Edun and Central Bank Governor Olayemi Cardoso met in Abuja on Wednesday to discuss strategies aimed…
Google Launches AI Mode in Africa: Nigeria, Kenya, and South Africa Lead as Test Markets
Google has introduced its groundbreaking AI Mode in Search across Nigeria, Kenya, and South Africa, making the three nations the first in…
NNPCL Posts N185bn Profit Despite Debt Burden, Remits N7.9tr to FAAC
The Nigerian National Petroleum Company Limited (NNPCL) reported a profit after tax of ₦185 billion in July 2025, despite mounting financial…
Non-Bank Corporates Drive 24% Surge in Nigeria’s FX Inflows as Dollar Bond Hits 180% Subscription
Nigeria recorded a significant boost in foreign exchange inflows in July 2025, climbing 24% to $1.7 billion, driven largely by…
Nigerian Stock Market Loses N781bn as Sell-Offs Deepen Bearish Sentiment
The Nigerian stock market extended its losing streak on Thursday, shedding N781 billion in market value as persistent sell-offs dragged performance into…
Ghanaian SMEs Urged to Explore Canada’s Labour Market for Expansion Opportunities
Ghanaian small and medium enterprises (SMEs) are being encouraged to leverage Canada’s labour market as a strategic pathway for growth…
Ghana Pledges Fiscal Stability and Digital Transformation to Boost Private Sector Growth
Ghana’s government has reaffirmed its commitment to fiscal stability and private sector development as part of ongoing efforts to sustain…
European Stocks Slip as Investors Weigh EU-U.S. Trade Deal Details and German GDP Decline
European stocks edged lower on Friday as investors digested fresh details of the trade agreement between the European Union and…
OpenAI to Open First India Office in New Delhi, Targets Rapidly Growing AI Market
OpenAI, the creator of ChatGPT and backed by Microsoft, announced plans to establish its first office in India later this…
Nigeria’s FX Reserves Surge to $41bn in August, Highest Level in Nearly Four Years
Nigeria’s foreign exchange reserves have surged past the $41 billion mark in August, recording their strongest level since December 2021.…