Nigeria’s Fuel Consumption Falls 18% to 1.44bn Litres in June – NMDPRA Report
Nigeria’s fuel consumption experienced a significant downturn in June 2025, dropping 18.54% to 1.44 billion litres compared to May’s 1.77…
Month: August 2025
Nigeria’s National Single Window Set to Launch in March 2026, FIRS and Customs Fast-Track Integration
Nigeria’s National Single Window (NSW) is set to become fully operational in March 2026, following a strategic collaboration between the…
FMDQ Announces Equity Market Launch to Rival NGX Amid Strong 2024 Growth
Nigeria’s FMDQ Group, owner of the country’s leading fixed income securities exchange, has confirmed plans to launch its own equity…
Nigeria’s Petrol Supply Drops to 1.48 Billion Litres in June 2025 – NMDPRA Report
Nigeria’s consumption of Premium Motor Spirit (PMS), commonly known as petrol, fell sharply in June 2025, according to the Nigerian…
Ghana Launches “RedGold” Policy to Cut $2 Billion Palm Oil Imports, Boost Local Production
Ghana is taking a major step to reduce its $2 billion annual palm oil import bill with the introduction of…
High Interest Rates Bite Nigerian Corporates: Paying More to Borrow Less in 2025
Nigeria’s largest listed companies are facing a costly paradox: they are paying sharply higher interest on loans even as they…
Nigeria’s Fuel Import Dependence Hits 69% in June as Local Refinery Output Remains Low
Nigeria’s reliance on imported fuel surged to 69% in June 2025, according to the latest report from the Nigerian Midstream…
First Securities Brokers Leads NGX July Trading with N414bn Transactions
First Securities Brokers Limited has emerged as the top-performing brokerage on the Nigerian Exchange (NGX) for July, leading in both…
U.S. Inflation Slows in July as Markets Rally and Fed Rate Cuts Loom
U.S. consumer prices rose less than expected in July, easing fears of a sharp inflation spike from recent tariff hikes.…
Nigeria’s Inflation Projected to Ease to 21.34% in July as Harvest Season Boosts Food Supply
Nigeria’s inflation rate is expected to ease further in July, driven by the start of the harvest season and stable…
Global Investors Shift Billions to Europe and Emerging Markets Amid U.S. Economic Concerns
Global ex-U.S. equity funds recorded their largest inflows in more than four-and-a-half years in July, as investors sought higher growth…
Global Stocks Hit Record High as Soft Inflation Fuels Fed Rate Cut Hopes
Global equity markets surged to record levels on Wednesday, buoyed by softer-than-expected U.S. inflation data and growing confidence in a…
Public-Private Partnerships Vital to Expanding Nigeria’s Non-Interest Finance Sector — Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stressed that stronger public-private partnerships (PPPs) are…
NCC Tightens Governance Rules as Nigeria’s Telecom Industry Targets $22.82bn Valuation by 2029
The Nigerian Communications Commission (NCC) has rolled out its 2025 Guidelines on Corporate Governance, introducing stricter compliance requirements and tougher…
Insurance, Industrial Stocks Lift NGX by 0.12% Amid Banking Sector Profit-Taking
The Nigerian stock market closed in positive territory on Tuesday, August 12, 2025, as gains in insurance and industrial stocks…
Nigeria Foreign Exchange Reserves Rise 9.4% to $40.29bn in August 2025 — Strongest Since January
Nigeria’s foreign exchange reserves have climbed to their highest level since January, reaching $40.29 billion as of August 8, 2025,…
Dangote Refinery Cuts Petrol Price to N820, Deploys 4,000 CNG Trucks Nationwide
The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N850…
AfDB Backs AI Training to Fast-Track Agenda 2063 Implementation Across Africa
The African Development Bank (AfDB) has thrown its weight behind a new artificial intelligence (AI) training initiative aimed at accelerating…
Africa’s Digital Workforce to Reach 230 Million by 2030, Driven by AI Adoption — Mastercard Report
Africa’s digital workforce is projected to grow to 230 million by 2030, fueled by the rapid adoption of artificial intelligence…
Nigerian Equities Market Extends Bullish Run, Gains ₦111bn Amid Strong Investor Sentiment
The Nigerian stock market continued its bullish momentum on Tuesday, adding ₦111 billion to investors’ wealth as buying pressure in…
Ghana Agriculture Funding 2025: GHS 2.9 Billion Investment to Boost Food Security and Cut Imports
Ghana’s agriculture sector is poised for a major uplift in 2025 following a joint commitment of GHS 2.9 billion from…
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…
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…