Lagos State Launches N214.8bn Bond to Fund Infrastructure and Green Projects
Lagos State has officially launched a dual bond offering worth N214.8 billion, marking its largest capital market move to date.…
Day: November 10, 2025
European Markets Rally as U.S. Government Shutdown Hopes Boost Investor Confidence
European markets opened sharply higher on Monday, driven by growing optimism that a U.S. government shutdown could soon end. The…
Nigeria Seeks $500 Million World Bank Loan to Boost MSME Financing
The Federal Government of Nigeria has formally requested a $500 million loan from the World Bank to improve financing for…
Dollar Inflows Into Nigeria Jump 62% in October, Boosting Investor Confidence
Nigeria’s foreign exchange market recorded a major rebound in October as total dollar inflows into Nigeria climbed by 62.2 percent…
Nigeria, IMF Strengthen Partnership on Economic Reforms and 2026–2030 Growth Plan
Nigeria has reaffirmed its commitment to evidence-based policymaking and inclusive economic transformation as the global economy pivots toward reform-driven growth.…
Nigeria’s Crude Oil Earnings Plunge 43% Despite Production Rebound
Nigeria’s crude oil and gas profits dropped sharply by 43 per cent in 2024, falling to ₦1.08 trillion from ₦1.9…
HEDA Urges Tinubu to Suspend 15% Fuel Import Tariff Amid Worsening Economic Hardship
The Human and Environmental Development Agenda (HEDA Resource Centre) has urged President Bola Ahmed Tinubu to suspend the implementation of…
Meta Earns $7 Billion Annually from Scam Ads, Internal Report Reveals
Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, is under fire following revelations that it earns an…
OpenAI Urges Expansion of Chips Act Tax Credit to Support AI Data Centers
OpenAI is pushing the federal government to expand the Chips Act’s tax incentives beyond semiconductor manufacturing to support AI infrastructure,…
Nigeria’s Crude Oil Earnings Plummet 43% Despite Rising Production in 2024
Nigeria’s earnings from crude oil and gas sales plunged by 43% in 2024, even as production increased, highlighting persistent fiscal…
Dollar Weakens on Hopes of U.S. Government Shutdown Ending Soon
The U.S. dollar weakened on Monday as investor optimism grew over a potential end to the prolonged government shutdown. The…
FG Exceeds 2025 Borrowing Target by 55.6%, Raising Debt Sustainability Concerns
The Federal Government of Nigeria has borrowed N17.36 trillion from domestic and foreign sources in the first ten months of…
Nigeria, IMF Strengthen Partnership on 2026–2030 Economic Reforms
Nigeria is intensifying its collaboration with the International Monetary Fund (IMF) as it charts a course for robust, reform-driven economic…
National Payment Stack Executes First Bank-Fintech Transaction in Nigeria
The National Payment Stack (NPS) has achieved a major milestone in Nigeria’s digital finance landscape by completing its first transaction…
Dangote and Fuel Depots Slash Petrol Prices in Fresh Market Battle
Nigeria’s downstream fuel market is witnessing a fresh price war as Dangote Refinery and private depot operators cut gantry prices…
ABCON Calls on CBN to Empower BDCs, Boost Forex Inflows and Stabilise Naira
The Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to empower…
Capital Gains Tax Hike Sparks Investor Sell-Off Fears in Nigeria Ahead of 2026 Implementation
Nigeria’s newly introduced Capital Gains Tax (CGT), set to take effect on January 1, 2026, has sparked concerns among analysts…
Inflation and Rising Costs Threaten Nigeria’s Industrial Growth, CANMPEF Warns
The Chemical and Non-Metallic Products Employers Federation (CANMPEF) has raised fresh concerns over the worsening economic environment, warning that inflation,…
Nigerian Stock Market Remains Cautious After ₦2.83 Trillion Loss as Investors Rebalance Portfolios
After a sharp ₦2.83 trillion loss last week, the Nigerian stock market is expected to trade cautiously this week as…
NGX Strengthens Africa’s Islamic Finance Leadership with Expansion of Non-Interest Finance Board
The Nigerian Exchange Limited (NGX) has reaffirmed its leadership in advancing Africa’s Islamic finance landscape with the strategic expansion of…
Nigeria Hosts Practical Nigerian Content Forum 2025 to Drive Local Content Growth and Energy Investment
Nigeria is strengthening its position as a leader in local content development across Africa, as the country prepares to host…