Legend Internet Posts Profit Surge but Faces Cash Crunch Amid Rising Costs in Nigeria’s ISP Market
Legend Internet Plc, Nigeria’s first publicly listed internet service provider (ISP), has delivered stronger annual profits even as it battles…
Day: September 19, 2025
Afreximbank Warns of $330 Billion MSME Financing Gap in Africa, Calls for Inclusive Financial Reforms
The African Export–Import Bank (Afreximbank) has sounded the alarm over a staggering $330 billion financing gap facing micro, small, and…
VFD Group Completes N4.24 Billion Commercial Paper Redemption, Reinforcing Investor Confidence in Nigeria’s Debt Market
VFD Group Plc has successfully redeemed its ₦4.24 billion Series 4 Commercial Paper, issued on December 19, 2024, under its…
Nigerian Stocks Outperform Inflation: What August 2025’s Drop Means for Equity Investors
Nigeria’s stock market is extending its winning streak, delivering returns well above the country’s cooling inflation rate. With August inflation…
Continental Stock Soars 32% After Aumovio Spin-Off Amid European Market Gains
European markets opened higher on Friday as investors weighed trade developments and economic data across the region. The pan-European Stoxx…
Nigerian Stock Market Adds ₦309bn as Investors Snap Up Dangote Cement and Blue-Chip Shares
The Nigerian stock market closed firmly in positive territory on Tuesday, adding a hefty ₦309 billion to its value as…
Economist Warns Bank of Ghana’s Aggressive Rate Cut Risks Inflation Amid Rising Utility Tariffs
Economist Professor Patrick Asuming has cautioned the Bank of Ghana (BoG) over its latest policy decision, describing the central bank’s…
China Reaffirms Commitment to Nigeria Under Global Governance Initiative (GGI)
China has restated its commitment to working closely with Nigeria and other African nations under the new Global Governance Initiative…
Global Economy Shows Resilience Amid Trump’s Trade and Fed Policy Shocks
The world economy is defying expectations in the early months of President Donald Trump’s administration. Despite a wave of policy…
Google’s Equiano Submarine Cable to Boost Nigeria’s Economy by $11.1 Billion and Drive Africa’s Digital Growth
Google has announced that its Equiano submarine cable and broader Africa Connect programme will significantly boost Nigeria’s economy by an…
Group raises alarm over massive data breach in Nigeria
Nigeria’s leading digital rights advocacy group, Paradigm Initiative, has sounded a stark warning over what it calls a “massive data…
FAAC Disburses N2.22 Trillion to Federal, State, and Local Governments for August 2025 Revenue Allocation
The Federation Account Allocation Committee (FAAC) has shared a total of N2.22 trillion among Nigeria’s federal, state, and local governments…
Court Halts NUPENG Strike Threat Against Dangote Refinery and Oil Partners
A National Industrial Court sitting in Abuja has stopped the National Union of Petroleum and Natural Gas Workers (NUPENG) and…
NECA Urges CBN to Cut Interest Rates as Inflation Eases, Calls for Relief for Nigerian Businesses and Households
The Nigeria Employers’ Consultative Association (NECA) has applauded the steady decline in Nigeria’s inflation rate, saying it offers a rare…
Google Invests $9M in African Universities, Launches AI Tools and Subsea Cable Hubs to Boost Connectivity
Google has reaffirmed its commitment to Africa with a major announcement that includes a $9 million fund for universities, new…
Nigerian Banks Urged to Boost Cybersecurity Amid Surge in Fraud Losses
Cybersecurity experts are warning that Nigerian banks must urgently increase investments in digital defenses as cybercrime continues to cost the…
Experts Divided Over NERC’s Net Billing Plan: Nigeria’s Solar Energy Future at a Crossroads
Energy experts are divided over the Nigerian Electricity Regulatory Commission’s (NERC) proposed net billing plan, a regulation that would allow…
Google to Launch Four Africa Infrastructure Hubs to Boost Internet Access and AI Growth
Google is set to transform Africa’s digital landscape with the establishment of four new infrastructure hubs across the continent. The…
Nigeria’s Pharma Stocks Surge: Fidson and May & Baker Lead Market Rally Amid Growing Healthcare Demand
Nigeria’s pharmaceutical sector has emerged as a standout performer on the stock market in 2025, with Fidson and May &…
FG to Disburse ₦250 Billion Bank of Agriculture Loans, Insures 250,000 Farmers to Boost Food Security
The Federal Government has announced plans to disburse ₦250 billion in loans through the Bank of Agriculture to support smallholder…
Standard Chartered Hosts Economic Roundtable in Accra, Pledges Support for Ghanaian Businesses and Growth
Standard Chartered Ghana convened a high-level Business and Economic Roundtable at its Accra headquarters, gathering senior government officials, private sector…