Nigeria’s External Reserves Surge to $43.4bn as CBN Pledges Continued Economic Reforms
Nigeria’s external reserves have reached a five-year high of $43.4 billion, signaling a major boost in the country’s financial stability.…
Day: October 16, 2025
Africa Can Unlock $4 Trillion in Domestic Capital Through Trust, Accountability, and AI – Tony Elumelu
Africa has the potential to mobilize over $4 trillion in domestic capital, but unlocking this wealth requires trust, accountability, and…
Nigerian Stock Market Rebounds with N20 Billion Gain as Investors Return
The Nigerian stock market reversed a brief downturn on Wednesday, posting a modest gain of N20 billion for investors. The…
Nigeria Turns to Locally-Mined Gold to Boost Foreign Reserves and Strengthen Economy
The Federal Government of Nigeria has unveiled a strategic initiative to strengthen the country’s foreign reserves by purchasing locally-mined gold,…
Cardoso: Naira now more competitive globally after economic reforms
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has announced that the Naira is now “more competitive”…
Nigeria Targets 600,000 Barrels Daily Boost as NUPRC Approves $18.2bn Oil Projects
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that fresh oil and gas investments in 2025 could add up…
South Korea Nears Decision on Google, Apple 1:5,000 High-Resolution Map Exports — Security, Sovereignty at Stake
South Korea is edging toward a high-stakes decision on whether to permit Google and Apple to export high-resolution geographic map…
IMF Forecasts Nigeria’s Debt-to-GDP Ratio to Drop to 35% by 2026 Amid Fiscal Reforms and Revenue Growth
Nigeria’s debt outlook is brightening as the International Monetary Fund (IMF) projects a steady decline in the nation’s debt-to-GDP ratio…
Ghana, World Bank deepen partnership to boost dev’t across five key sectors
Ghana has taken a major step toward deepening its economic development through a strengthened partnership with the World Bank. Finance…
PoS Operators Warn CBN’s New Agent Banking Rule Could Crush Small Fintechs, Create Monopoly Risks in Nigeria
Point of Sale (PoS) operators across Nigeria have expressed deep concern over the Central Bank of Nigeria’s (CBN) newly released…
Nigeria’s Rate Cut Signals New Economic Direction as Inflation Eases and Growth Prospects Improve
Nigeria’s economy is showing signs of cautious recovery as the Central Bank of Nigeria (CBN) cuts its benchmark interest rate…
Tony Elumelu Calls for Inclusive Digital Prosperity in Africa
Chairman of Heirs Holdings, Tony Elumelu, has called on African governments, financial institutions, and development partners to embrace artificial intelligence…
European Markets Mixed as Investors Weigh Economic Uncertainty and Earnings Outlook
European markets opened on a mixed note Thursday, reflecting ongoing volatility across global exchanges. The pan-European Stoxx 600 edged slightly…
NCC’s Tariff Reform Sparks ₦1 Trillion Telecom Investment, Boosting Nigeria’s Digital Infrastructure
The Nigerian Communications Commission (NCC) has revealed that its recent tariff reforms have attracted over ₦1 trillion in fresh investments…
Digital Encode Becomes Platinum Sponsor for AfriTECH 5.0, Champions Africa’s Digital Sovereignty
Africa’s cybersecurity powerhouse, Digital Encode Limited, has been unveiled as the Platinum Sponsor of the fifth edition of the Africa…
Nigerian Stock Market Value Hits N93.8 Trillion as Bullish Run Continues on NGX — Investors Maintain Optimism
The Nigerian stock market continued its upward momentum on Wednesday, with the Nigerian Exchange Limited (NGX) extending its winning streak…
IMF Backs Nigeria’s Reform Drive, Predicts Major Fiscal Breakthrough by 2025
Nigeria is edging closer to a long-awaited fiscal transformation as the International Monetary Fund (IMF) expressed strong confidence in the…
SEC adopts faster settlement cycle for market efficiency
The Securities and Exchange Commission (SEC) has announced plans to shorten Nigeria’s capital market settlement cycle from T+3 to T+2,…