Non-Interest Banking in Ghana: BoG Requires 60% Foreign Currency Capital for Foreign Banks
The Bank of Ghana (BoG) has unveiled a new regulatory framework aimed at tightening oversight of the country’s growing non-interest…
Day: December 11, 2025
FCMB Asset Management Upgraded to A(IM) Rating by Agusto & Co., Strengthening Investor Confidence
FCMB Asset Management Limited (FCMBAM), the asset management arm of FCMB Group Plc, has received a significant rating upgrade from…
FG Captures N4tn Power Sector Bond in MTEF to Boost Investor Confidence
The Federal Government has announced that the newly launched N4tn power sector liquidity bond, designed to settle long-standing debts owed…
Modern Infrastructure Key to Nigeria’s AI Leadership, Says Schneider Electric
Schneider Electric has emphasized that the next era of global artificial intelligence (AI) leadership will be driven more by the…
Pension Fund Assets Rise to N26.66 Trillion as PenCom Cracks Down on Defaulters
Nigeria’s total pension fund assets under the Contributory Pension Scheme (CPS) increased by 2.2% month-on-month to N26.66 trillion in October…
Dangote Refinery Boosts Petrol Supply by 38% Amid Rising Imports
Nigeria’s domestic petrol supply saw a significant boost in November 2025, with the Dangote Refinery contributing 23.52 million litres per…
Dollar Weakens as Fed Signals Dovish Tilt, Markets Anticipate Two Rate Cuts in 2026
The U.S. dollar dipped on Thursday after the Federal Reserve delivered a less hawkish outlook than investors had anticipated, fueling…
Bank of Ghana Urges Fintechs to Strengthen Compliance, Consumer Protection, and Fight Financial Crime
The Bank of Ghana (BoG) has called on fintech companies, mobile money operators, and financial institutions to strengthen compliance and…
Google Elevates AI Infrastructure Chief Amin Vahdat as AI Arms Race Intensifies
Google has made a major move in the global AI arms race, promoting Amin Vahdat to the newly created position…
State Attorneys General Warn AI Giants to Fix ‘Delusional Outputs’ or Face Legal Action
A coalition of U.S. state attorneys general has issued a stark warning to major AI companies, including Microsoft, OpenAI, and…
Tinubu to attend 3MTT National Impact Summit
President Bola Ahmed Tinubu is set to attend the 3 Million Technical Talent (3MTT) National Impact Summit on Thursday, December…
Nigerian Stock Market Dips 0.05% as JAPAULGOLD and Mid-Cap Stocks Rally
The Nigerian stock market closed slightly lower on December 10, 2025, with the All-Share Index (ASI) dipping 0.05% to 146,862.0…
Nigeria’s Petrol Consumption Drops to 52.9 Million Litres in November Amid Rising Local Refinery Output
Nigeria’s petrol consumption declined to 52.9 million litres per day in November, signaling a slight slowdown in fuel demand across…
Nigeria and China Strengthen Agricultural Partnership with $200M Poultry Project
Nigeria is taking a major step toward transforming its agricultural sector as a high-level delegation led by Kaduna State Governor…
Nigeria’s AI Startups Struggle Abroad as Infrastructure Gap Hampers Growth
Over 300 Nigerian AI startups are forced to train their large language models and run AI workloads in data centers…
Nigeria, France Seal Tax Administration Deal to Power Digital Reforms Ahead of 2026 Transition
Nigeria has taken another major step toward modernising its tax system as the Federal Government signed a groundbreaking cooperation agreement…
CBN Caps Cash Payments for PTA/BTA at 25% Under New Forex Rules
The Central Bank of Nigeria (CBN) has announced a new policy limiting cash payouts for Personal Travel Allowance (PTA) and…
European Markets Struggle to Gain Momentum as Fed Rate Cut Fails to Lift Global Sentiment
European markets are poised for a muted open on Thursday as investors sift through the U.S. Federal Reserve’s latest interest…
Nigeria Sees Petrol Import Surge as NNPC Leads 1.56bn-Litre Supply Rebound in November
Nigeria’s petrol supply landscape shifted sharply in November as the Nigerian National Petroleum Company Limited resumed large-scale importation of petrol,…
CBN Revokes Licences of Non-Compliant BDCs After New Rules Deadline
The Central Bank of Nigeria has formally revoked the licences of all legacy Bureau De Change operators that failed to…