African Businesses Face 35% Higher Technology Costs, IFC Urges Digital Investment
African businesses are grappling with technology costs up to 35% higher than their global counterparts, the International Finance Corporation (IFC)…
Month: September 2025
CBN Strengthens Digital Payments with Geo-Tagged PoS Terminals and ISO 20022 Standards
The Central Bank of Nigeria (CBN) is stepping up measures to secure digital transactions with new rules for point-of-sale (PoS)…
BPE Moves to List Two DisCos and One GenCo on NGX, Eyes N312 Billion in 2025 Revenue
The Bureau of Public Enterprises (BPE) has announced plans to list two electricity distribution companies (DisCos) and one generation company…
Jet2 Shares Plunge 14% as Airline Lowers Profit Forecast Amid Slower Bookings
Jet2, the UK-based leisure airline, saw its shares tumble 14% on Thursday after the company warned that its full-year profits…
NGX Penny Stocks Set to Soar Again This September: Top Affordable Picks for Retail Investors
As of August 2025, investors who placed N1 million on Nigeria’s penny stocks at the start of the year could…
Ghanaian Cedi Loses Ground as Import Demand Surges Ahead of Holiday Season
The Ghanaian cedi’s recent status as a global top performer has hit a stumbling block as rising demand for dollars…
Fintech Drives Financial Inclusion in Nigeria: Experts Highlight Banking and Insurance Growth Opportunities
Nigeria’s journey to broaden financial inclusion has received a significant boost from fintech, with experts highlighting its potential to bring…
Nigeria Targets 21% ICT Contribution to GDP by 2027, Launches ₦75m Research Grant
The Federal Government has set an ambitious target to raise the contribution of the Information and Communications Technology (ICT) sector…
Standard Bank Revises Naira Forecast, Predicts N1,585.5/$1 by End of 2025 Amid Economic Shifts
Standard Bank has revised its outlook on the Nigerian naira, projecting that the currency will close 2025 at N1,585.5 per…
FG to List Power Assets on Nigerian Exchange to Boost Transparency and Investor Confidence
The Federal Government has unveiled plans to list three of Nigeria’s top-performing power assets on the Nigerian Exchange (NGX), in…
MTN Ghana to Gradually Phase Out 2G and 3G Networks, Prioritizes Smooth Transition to 4G
MTN Ghana has announced plans to gradually phase out its 2G and 3G networks, assuring customers that the transition will…
Edun Pushes National Single Window to Boost Trade, Revenue, and Economic Stability
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed the Federal Government’s commitment to launching…
Asia Markets Climb as Fed Signals Rate Cuts, But China Stocks Slide
Asian markets bounced on Thursday, lifted by dovish comments from U.S. Federal Reserve officials and optimism after a smooth auction…
Nigerian Stock Market Slumps by N368bn as Profit-Taking Weighs on Investors
The Nigerian equities market suffered another setback as sustained profit-taking dragged the market into a deeper slump, wiping off ₦368…
Tech News: Google Ordered to Pay $425 Million in Privacy Lawsuit After Jury Verdict
Google has been ordered to pay $425 million in damages after a federal jury in San Francisco found the tech…
Security Boost: FG Empowers 37 Young Agripreneurs with N18.5m Start-Up Capital
The Federal Government has taken another step toward strengthening food security and tackling graduate unemployment as the Ogun–Oshun River Basin…
Bitget Expands RWA Futures With Apple, Amazon, and Big Tech Stocks
Bitget, a leading cryptocurrency exchange and Web3 innovator, has announced the expansion of its Real-World Asset (RWA) Index Perpetual Futures,…
Nigeria’s Non-Oil Revenue Soars 40% to N20.6tn in 2025, Presidency Hails Fiscal Reforms
Nigeria’s Presidency has announced a significant boost in non-oil revenues, reporting a 40.5 percent rise to N20.6 trillion between January…
CBN FX Reforms Boost Yuan-Naira Trade as Naira Gains Stability
The Central Bank of Nigeria’s recent foreign exchange reforms are strengthening confidence in the naira and opening new opportunities for…
CNG Price Surges to N450/SCM as FG Reduces Subsidies Amid Long Queues
The cost of Compressed Natural Gas (CNG) has sharply risen to N450 per standard cubic metre (SCM) as the Federal…
Dangote Refinery Makes Historic First Gasoline Export to U.S., Expands Global Reach
Nigeria’s Dangote Refinery has marked a significant milestone by exporting its first gasoline shipment to the United States, signaling its…
SEC Warns Nigerians to Beware of Online Investment Scams, Advises Verification Before Investing
The Securities and Exchange Commission (SEC) has issued a stern warning to Nigerians about the growing threat of online financial…
Watches of Switzerland Shares Soar 8% Despite U.S. Tariffs, Deutsche Bank Upgrades Stock
European stocks opened higher on Wednesday, reversing losses from the previous session as investors gained confidence amid ongoing fiscal concerns…
Nigerian Stock Market Drops 984 Points as Four Stocks Hit 10% Loss; SEPLAT Leads Market Value
The Nigerian stock market closed the week on a sour note as the All-Share Index (ASI) fell 984.55 points on…
Fintech Offers N3m Agric Financing, SMEs Funding
A new digital-first financial institution, Andray Finance Limited, is stepping into Nigeria’s lending space with a promise to transform access…
Naira-Yuan Swap Boosts Naira Stability, Promises Cheaper Imports from China
Nigeria’s currency, the naira, is gaining renewed strength as experts highlight the benefits of the Naira-Yuan currency swap between Nigeria…
Nigerian Stock Market Suffers N623bn Loss as Lafarge Africa, 47 Firms Lead Selloffs
The Nigerian stock market continued its bearish run yesterday, wiping out N623 billion in market value, as heavy selloffs in…
OpenAI Acquires Statsig in $1.1 Billion All-Stock Deal to Boost AI Product Testing
OpenAI, the company behind ChatGPT, has announced the acquisition of product testing startup Statsig in a $1.1 billion all-stock transaction,…
Nigeria’s Business Confidence Index Climbs to 107.3 Despite Financing and Structural Challenges
Nigeria’s business environment showed modest improvement in August 2025, with the Current Business Performance Index rising to 107.3 points, according…
Nigerian Stock Market Sheds N985.7bn in Two Days as Investor Sell-Off Deepens
The Nigerian stock market has suffered heavy losses at the start of September, wiping out nearly N985.7 billion in market…