Nigeria Champions $2 Trillion Commonwealth Trade Agenda at IMF, World Bank Meetings
Nigeria has joined other Commonwealth nations in a bold push to unlock a $2 trillion trade agenda aimed at boosting…
Month: October 2025
IMF Upgrades Nigeria’s 2025 Growth Forecast to 3.9%, Projects 4.2% in 2026 Amid Economic Reforms
The International Monetary Fund (IMF) has raised Nigeria’s economic growth forecast, projecting a 3.9% expansion in 2025 and a further…
FCCPC Applauds CBN’s New ATM Refund Guidelines: Banks Must Return Failed Transaction Funds Within 48 Hours
The Federal Competition and Consumer Protection Commission (FCCPC) has praised the Central Bank of Nigeria (CBN) for unveiling draft guidelines…
Nigeria’s $36.7 Billion 2025 Budget Among Africa’s Lowest Despite Fiscal Reforms
Nigeria’s 2025 budget, set at $36.7 billion, ranks among the lowest on the African continent, despite ongoing fiscal reforms aimed…
Nigeria’s Oil Production Drops to 1.39 Million BPD in September Amid Strikes and Vandalism
Nigeria’s crude oil output fell to 1.39 million barrels per day (bpd) in September 2025, marking the second consecutive month…
Nigeria’s Crude Oil Output Drops to 1.39mbpd, Petrol Prices Surge Amid Supply Disruptions
Nigeria’s crude oil production fell to 1.39 million barrels per day (mbpd) in September 2025, marking the second consecutive month…
California Leads Nation with Landmark AI Chatbot Safety Law to Protect Children and Vulnerable Users
California has become the first state in the U.S. to regulate AI companion chatbots, as Governor Gavin Newsom signed SB…
Google to Invest $15 Billion in India to Build Its Largest AI Hub Outside the U.S.
Google has announced a landmark $15 billion investment in India, marking its biggest artificial intelligence expansion outside the United States.…
European Stocks Slip as Trade Tensions Resurface; Michelin Plunges 9% Amid Tariff Pressures
European markets opened lower on Tuesday, wiping out the week’s early optimism as renewed trade tensions between the United States…
Analysts Warn Nigeria Risks Losing FTSE Frontier Market Status Over Capital Gains Tax Plan
Financial experts have raised alarms that Nigeria may jeopardize its fragile progress toward regaining a spot in the FTSE Frontier…
Transcorp Power Leads Market Rally as NGX Capitalization Hits N93.7 Trillion
The Nigerian stock market kicked off the week on a bullish note as the All-Share Index surged by 729.2 points,…
Foreign Inflows Into Nigeria Surge 39% in September as Investor Confidence Rebounds
Foreign inflows into Nigeria’s foreign exchange market rose sharply in September 2025, signaling a growing return of investor confidence despite…
NUPRC Denies Crude Oil Shortage Claims, Says Refiners Rejected 11 Domestic Cargoes
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refuted claims of crude oil shortages raised by domestic refiners, asserting that…
IMF Warns Nigeria, Others to Curb Dirty Money Inflows Amid Rising Debt and Weak Governance
The International Monetary Fund (IMF) has issued a fresh warning to Nigeria and other emerging economies to intensify efforts against…
Tinubuflation Eases as Inflation Falls to Two-Year Low — But Poverty Deepens Across Nigeria
After months of relentless price surges, Nigeria’s inflation story is finally showing signs of relief. The country’s inflation rate, which…
OpenAI Partners with Broadcom to Build Custom AI Chips, Targets 10GW Infrastructure by 2029
In a major move to expand its technological independence, OpenAI has partnered with semiconductor giant Broadcom to co-develop advanced artificial…
Dangote Warns Monopoly Claims Could Hinder Local Investment in Nigeria’s Petroleum Sector
Africa’s richest man, Aliko Dangote, has cautioned that persistent accusations of monopoly in Nigeria’s petroleum sector could discourage local investors…
Nigeria’s Crude Oil Output Falls to 1.39 Million Barrels per Day in September Amid Labour Disruptions
Nigeria’s crude oil production dropped to 1.39 million barrels per day (mbpd) in September 2025, marking the second consecutive month…
Ghana Cedi Named Africa’s Best-Performing Currency in 2025 – World Bank
Eight months into 2025, the Ghanaian cedi has emerged as Africa’s best-performing currency, according to the World Bank’s latest Africa…
Ghana’s Business Confidence Rises in August as Economic Outlook Brightens and Borrowing Costs Ease
Business confidence in Ghana surged in August 2025, signaling renewed optimism among firms about the nation’s economic direction. According to…
European Markets Fall as U.S.–China Trade Tensions Resurface and Investor Confidence Wavers
European stock markets opened lower on Tuesday, reversing the upbeat sentiment seen at the start of the week. The downturn…
NGX Market Opens Week Strong with ₦465bn Gain as Insurance, Industrial Stocks Rally
The Nigerian Exchange Limited (NGX) kicked off the new trading week on a bullish note, recording a ₦465 billion gain…
Nigeria’s $36.7 Billion Budget Lags Behind African Peers Despite Revenue Growth – CPPE Warns
Nigeria’s $36.7 billion national budget remains significantly smaller than many of its African peers, despite recent fiscal and tax reforms…
CBN and Bankers Commit N68bn to Restore National Theatre, Launch Wole Soyinka Centre for Culture & Creative Arts
Nigeria’s cultural landscape has received a major boost with the official reopening of the National Arts Theatre, now renamed the…
Nigeria Bond Market Rally: Yields Drop to 18.38% Amid Strong Investor Demand
Nigeria’s bond market maintained its bullish momentum last week as investor appetite for government securities surged, driving average yields down…
SEC Backs Digital Transformation to Boost Investor Confidence in Nigeria’s Capital Market
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to harnessing digital technology as a key driver of investor…
ICMR to Inaugurate Catherine Nwosu as New President at 14th Annual Conference on November 1
The Institute of Capital Market Registrars (ICMR) has announced plans to officially swear in its President-Elect, Catherine Nwosu, alongside her…
Nigerian Oil Stabilizes at $67 Amid Easing U.S.-China Tensions and Domestic Production Boost
Nigerian crude oil prices stabilized near $67 per barrel this week as global markets showed signs of recovery following recent…
Cardoso to lead Nigeria’s team to IMF/World Bank meeting – Presidency
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, will head Nigeria’s delegation to the 2025 Annual Meetings…
Nigeria’s PMI Rises to 54.0 in September, Signals Stronger Economic Growth — CBN
Nigeria’s economic growth gathered pace in September 2025, as the Central Bank of Nigeria (CBN) reported a significant rise in…