FG Scraps 5% Telecom Tax, Relief for Over 170 Million Subscribers
The Federal Government has officially removed the 5% excise duty on telecommunications services, a move expected to ease financial pressure…
Month: September 2025
CBN and SEC Approve Wema Bank’s ₦150bn Rights Issue, Pushing Capital Above Regulatory Threshold
Wema Bank Plc has received the green light from both the Central Bank of Nigeria (CBN) and the Securities and…
Guinness, CILEASING, LIVINGTRUST Lead 10% Surge as NGX All-Share Index Gains 0.21%
The Nigerian Exchange (NGX) closed higher on Wednesday, September 11, as the All-Share Index (ASI) climbed 300.49 points to settle…
European Stocks Mixed as U.K. Growth Stalls and Vestas Shares Slide on U.S. Offshore Wind Snub
European markets opened without clear direction on Friday as fresh data showed the U.K. economy stagnated in July. The pan-European…
Nigerian Equities Market Adds ₦191 Billion as Investor Confidence Strengthens
The Nigerian stock market extended its winning streak on Thursday as investors continued to show renewed confidence. The market gained…
Nigeria Achieves Record Drop in Crude Oil Losses to 9,600 Barrels per Day, Says NUPRC
Nigeria’s upstream oil sector has reached a historic milestone, slashing daily crude oil losses to just 9,600 barrels per day…
Generative AI Poised to Add $100 Billion to Africa’s Economy, McKinsey Report Reveals
Africa could unlock as much as $100 billion in additional annual economic value if it embraces generative artificial intelligence (Gen…
IMF Forecasts Ghana’s Public Debt to Fall to 60% of GDP by End-2025 Amid Debt Restructuring
Ghana’s public debt is projected to drop sharply to about 60% of Gross Domestic Product (GDP) by the end of…
Ghana Stock Exchange Sees 87% Drop in August 2025 Trades Despite Yearly Gains
Trading activity on the Ghana Stock Exchange (GSE) plunged in August 2025, recording one of the steepest monthly declines in…
Ghana’s Cedi Expected to Stabilize Within 5% Depreciation, President Mahama Says
President John Dramani Mahama has projected that the Ghanaian cedi will maintain moderate depreciation in the coming months, remaining within…
Germany, EU, and Nigeria Launch €18.3m Project to Transform Agriculture and Create Jobs
The Federal Government of Nigeria, in partnership with Germany and the European Union, has officially launched the €18.3 million EU-VACE…
Global Leaders Eye $800 Billion Gulf of Guinea Investment at UNGA Forum
Global business and diplomatic leaders are converging in New York this week as the 80th United Nations General Assembly kicks…
NNPC Calls on Global Investors to Unlock Nigeria’s Untapped Oil and Gas Potential
The Nigerian National Petroleum Company Limited (NNPC) has urged international investors to explore Nigeria’s vast energy sector, highlighting untapped opportunities…
NUPRC Approves $4.4 Billion Oilfield Decommissioning Plans, Secures $400 Million Ahead of Divestments
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved 94 Decommissioning and Abandonment (D&A) plans since April 2023, covering liabilities…
FG Restricts NNPCL Tax Credit Road Contracts Below N20 Billion to Nigerian Firms
The Federal Government of Nigeria has announced that all Nigerian National Petroleum Company Limited (NNPCL) Tax Credit road contracts valued…
Oil Prices Slip Amid U.S. Demand Concerns and OPEC+ Output Rise
Global oil prices eased on Thursday as traders weighed signs of weakening U.S. demand against mounting concerns about oversupply. Brent…
ITU Report: Achieving Global Internet Connectivity by 2030 Will Require $2.8 Trillion Investment
A new report from the International Telecommunications Union (ITU), the United Nations agency driving global digital development, warns that achieving…
OpenAI Signs $300 Billion Cloud Deal with Oracle, Marking One of the Largest in History
Oracle’s stock surged after trading hours as news broke of a potential landmark deal with OpenAI. According to the Wall…
Bosun Tijani Champions Artificial Intelligence as Key to Nigeria’s Productivity and Prosperity
Nigeria’s Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has underscored the transformative power of Artificial Intelligence (AI)…
FG Gazettes Nigeria’s New Tax Reform Laws, Exempts Small Businesses and Cuts Corporate Tax
The Federal Government has officially published Nigeria’s sweeping new tax reform laws in the national gazette, signaling one of the…
Nigeria Labour Congress Demands Power Sector Audit After Nationwide Grid Collapse
The Nigeria Labour Congress (NLC) has called on the Federal Government to immediately conduct a comprehensive audit of the country’s…
Nigeria Must Grow GDP by 22% and Stabilise FX to Achieve $1 Trillion Economy by 2031 – Afrinvest Report
Nigeria will need to sustain an annual GDP growth rate of about 22 per cent and maintain a stable exchange…
NAICOM Orders Insurers to Submit 2024 Capital Compliance Status Under New Minimum Capital Requirement Guidelines
The National Insurance Commission (NAICOM) has issued fresh guidelines directing insurance and reinsurance companies in Nigeria to submit their compliance…
Afreximbank Unveils $1 Billion African Trade & Distribution Firm to Boost Value-Added Exports
The African Export-Import Bank (Afreximbank) has launched a landmark initiative aimed at transforming the way Africa trades its commodities. With…
Nigeria’s Finance Minister Claims 80% 2024 Budget Execution as 2025 Implementation Stalls Over Procurement Hurdles
With less than four months to the end of the fiscal year, Nigeria’s Federal Government says it has executed 80…
CBN Launches Payments System Vision 2028 to Boost Financial Inclusion, Digital Innovation, and Secure Transactions
The Central Bank of Nigeria (CBN) has unveiled its ambitious Nigeria Payments System Vision 2028 (PSV 2028), a strategic framework…
Kering Shares Rise 2% as Gucci Owner Delays Valentino Acquisition to 2028 Amid Mixed European Markets
European markets opened Thursday on a mixed note as investors awaited fresh guidance from the European Central Bank (ECB). The…
Nigerian Defence Academy Cadets Urged to Embrace Capital Market Investments for Long-Term Financial Security
Graduating cadets of the Nigerian Defence Academy (NDA) have been advised to adopt early and sustained investment habits in Nigeria’s…
Naira Strengthens Below ₦1,500/$ for First Time Since March as Economic Reforms Boost Confidence
The Nigerian naira continued its winning streak mid-week, breaking through the symbolic ₦1,500/$ barrier in the official foreign exchange market…
Agusto & Co Upgrades Heirs Insurance Group Ratings to ‘A1’, Highlighting Strong Growth and Stability
Nigeria’s leading credit rating agency, Agusto & Co., has upgraded the ratings of Heirs Insurance Group’s life and general insurance…