14 banks have met capital requirement, says Cardoso
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says about 14 banks have met the regulatory capital requirements. Cardoso spoke…
Day: September 23, 2025
BREAKING: CBN cuts interest rate to 27% — first in 2025
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has reduced interest rates from 27.5 percent to…
Chagoury, the Lebanese -Nigerian industrialist
Gilbert Ramez Chagoury, a Lebanese-born entrepreneur, has built a remarkable bridge between his hometown of Miziara in Lebanon and his…
Inside the Multi-Trillion-Dollar Race to Build AI Infrastructure: Microsoft, Oracle, Meta and More
Tech giants are pouring unprecedented sums into AI infrastructure, sparking a new gold rush in data centers and energy. Nvidia…
CBN MPC Meets to Decide Nigeria’s Interest Rates Amid Easing Inflation and Rising Growth Prospects
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) is meeting this week to decide on the nation’s benchmark…
Champion Breweries to Raise ₦103 Billion for Bullet Energy Drink Acquisition and Expansion Drive
Champion Breweries Plc has unveiled an ambitious plan to raise ₦103 billion to finance the acquisition of Bullet Energy Drink…
Nigeria–UAE Non-Oil Trade Hits Record $4.3 Billion, Eyes Deeper Economic Partnership
Trade relations between Nigeria and the United Arab Emirates (UAE) reached a historic milestone in 2024, with non-oil commodity exchanges…
GoldBod and GCX Move to Launch Regulated Gold Trading Platform in Ghana
The Ghana Gold Board (GoldBod) and the Ghana Commodity Exchange (GCX) have begun formal talks to introduce a regulated gold…
Ghana’s $3.5bn Food Import Bill at Risk of Rising Amid Galamsey Pollution Crisis
Peasant farmers in Ghana are warning that the country’s already staggering annual food import bill of over $3.5 billion could…
MTN Nigeria on Track for ₦5 Trillion Revenue as Data Becomes Its New Growth Engine
MTN Nigeria Communications Plc is rewriting the playbook for telecoms in Africa’s largest market. The company posted an eye-catching ₦2.38…
Nigeria’s ICT Sector Sustains Strong Real GDP Growth, Driving Non-Oil Economy in Q2 2025
Nigeria’s Information and Communication Technology (ICT) sector continued its upward trajectory in the second quarter of 2025, cementing its place…
Haruna Musa on Transforming Jaiz Bank: Driving Innovation, Integrity and the Future of Non-Interest Banking in Nigeria
Nigeria’s fast-changing financial sector is under pressure to innovate and rebuild public trust, and Jaiz Bank has emerged as a…
Indian Tech Stocks Tumble Nearly 3% After Trump’s $100,000 H-1B Visa Fee Hits IT Sector
Indian technology stocks slid sharply on Monday, falling almost 3%, after U.S. President Donald Trump announced a steep new $100,000…
Nigeria’s Finance and Insurance Sector Surges 16.13% in Q2 2025, Strengthening GDP Growth
Nigeria’s Finance and Insurance sector recorded a real growth of 16.13% in the second quarter of 2025, according to new…
UK and US Launch Joint Taskforce to Ease Capital Market Access and Regulate Digital Assets
The United Kingdom and the United States have joined forces to make it easier for businesses to raise funds on…
Nigeria’s Foreign Reserves Surge to $42bn – Six-Year High Boosts Naira Stability and Investor Confidence
Nigeria’s external reserves have soared past the $42 billion mark for the first time since September 2019, hitting a six-year…
Nigeria SEC Approves Mark-to-Market Valuation for Bonds, Ushers in Transparency Era for Fund Managers
The Securities and Exchange Commission (SEC) of Nigeria has approved a landmark reform requiring fund managers to value fixed income…
Canal+ Completes R35 Billion Takeover of MultiChoice to Boost African TV Market
French media powerhouse Canal+ has officially completed its R35 billion ($2.02 billion) takeover of South Africa’s MultiChoice Group, securing effective…