Dollar Exchange Rates Steady Ahead of ECB and BoE Rate Decisions
The U.S. dollar held its ground against major currencies on Thursday, as traders braced for upcoming central bank announcements from…
Day: December 19, 2025
NEPAD Reaffirms Commitment to Africa’s Trade Growth under AfCFTA
The NEPAD Business Group Nigeria (NBGN) has reaffirmed its commitment to driving private sector–led economic transformation across Nigeria and the…
Nigeria Spends 72% of Federal Revenue on Debt Servicing in First Seven Months of 2025
Nigeria’s Federal Government spent nearly three-quarters of its total revenue on servicing domestic and external debt in the first seven…
NGX Banking Index Surges 38% in 2025 Despite Uneven Stock Performance
Banking stocks on the Nigerian Exchange Limited (NGX) have delivered mixed results in 2025, even as the NGX Banking Index…
Nigeria’s Trade with ECOWAS Soars 43% to N6.9 Trillion in 2025
Nigeria’s trade with fellow Economic Community of West African States (ECOWAS) countries recorded a remarkable 43 percent increase year-on-year (YoY),…
Ghana Producer Price Inflation Slows to 1.3% in November 2025
Producer price inflation (PPI) in Ghana slowed slightly to 1.3% in November 2025, down from 1.4% in October, according to…
TikTok Cedes U.S. Control to American Investor Group in Major Security-Focused Deal
TikTok has reached a landmark agreement to transfer significant control of its U.S. operations to a consortium of American investors,…
ChatGPT Mobile App Surpasses $3 Billion in Global Consumer Spending
ChatGPT’s mobile app has officially surpassed $3 billion in global consumer spending, marking a major milestone for the AI-powered chatbot.…
FCMB Group Gets Shareholders’ Approval to Raise N400bn Ahead of 2026 CBN Recapitalisation Deadline
Shareholders of FCMB Group Plc have approved a major capital raise of up to N400 billion, positioning the bank to…
Nigeria Inflation Expectations: Businesses and Households Predict Stability in Coming Months
Businesses and households across Nigeria are anticipating stable inflation in the coming months, according to the Central Bank of Nigeria’s…
CBN Survey Predicts Business Confidence in Nigeria to Hit 52.8 Points by Mid-2026
Nigeria’s business environment is set for a boost over the next six months, with confidence among businesses expected to reach…
2025 Nigeria Budget Hit Hard as Oil Revenue Falls 62% Below Target
Nigeria’s 2025 federal budget has suffered a significant setback as oil and gas revenues fell 62.2% below the prorated target…
Senate Screens Tinubu’s Nominees as Nigeria Petroleum Regulatory Reforms Gain Momentum
Nigeria’s push for stronger oil and gas governance took a significant step forward on Thursday as the Senate commenced the…
Dangote Refinery Partnership Set to Reduce Petrol Prices, IPMAN Confirms
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged its members nationwide to prioritize purchasing Premium Motor Spirit (PMS)…
Nigeria Urged to Bridge Digital Divide and Improve Internet Affordability
Nigeria, alongside other African nations, has been urged to tackle persistent digital divides and ensure affordable internet access, as highlighted…
Facebook Tests Paid Limits on Link Sharing, Allowing Only Two Free Links Per Month
Meta Platforms Inc. has begun testing a new feature that restricts how many links certain users can share on Facebook,…
Japan Stocks Surge as Bank of Japan Raises Interest Rates to 30-Year High
Japan’s financial markets reacted sharply on Thursday after the Bank of Japan raised its benchmark policy rate to its highest…
Global Oil Oversupply Leaves Nigerian Crude Unsold as Dangote Refinery Turns to Imports
Nigerian crude oil sellers are facing mounting pressure in the global market as oversupply continues to dampen demand, leaving millions…
PenCom Extends Pension Recapitalisation Deadline to June 2027
The National Pension Commission (PenCom) has extended the deadline for pension industry recapitalisation to June 2027, moving it from the…
World Bank Set to Approve $500m Loan to Boost MSME Financing in Nigeria
The World Bank is expected to approve a $500 million loan for Nigeria today (Friday, December 19, 2025), aimed at…