Nigeria’s FX Reserves Fall by $263 Million After 25 Weeks of Gains
Nigeria’s foreign exchange (FX) reserves have dipped by $263.151 million, ending a remarkable 25-week accumulation streak, according to data from…
Month: December 2025
Mandatory TINs in Nigeria: Tax Reform or Threat to Financial Inclusion?
As Nigeria moves to make Tax Identification Numbers (TINs) mandatory for all bank accounts from January 1, 2026, millions of…
Nigeria’s Fiscal Indiscipline Threatens 2026 Budget, Experts Warn
Nigeria’s public finances are facing mounting pressure as fiscal indiscipline and governance gaps continue to undermine the nation’s budgetary process.…
CBN Mandates Multi-Factor Authentication for Foreign Card Transactions Across Nigeria
The Central Bank of Nigeria (CBN) has ordered banks and non-bank acquirers to strengthen security on foreign-issued card transactions across…
European Markets Slip Ahead of Short Trading Week as Gold Hits Record Highs
European stocks fell modestly on Monday, as positive momentum from last week’s gains slowed ahead of a short trading week.…
SEC Mandates CMO Registration Renewal and Launches Digital Transformation Portal
The Securities and Exchange Commission (SEC) has instructed all Capital Market Operators (CMOs) to renew their registration between January 1…
Shehu Shantali Appointed CSCS CEO, Pledges to Build on Jalo-Waziri’s Legacy
The Central Securities Clearing System Plc (CSCS) has officially announced the appointment of Shehu Shantali as its new Chief Executive…
Banking and Consumer Stocks Propel Nigerian Equities Up 1.76% Amid Year-End Rally
Nigerian equities ended the week on a high note, gaining 1.76% thanks to strong buying interest in banking and consumer…
CBN Eases Foreign Card Usage for Tourists and Returning Nigerians
The Central Bank of Nigeria (CBN) has issued a new directive to banks and financial institutions aimed at improving access…
Yuletide Travel Alert: FCCPC Warns Road Transporters Against Unfair Fare Hikes
As millions of Nigerians prepare for yuletide travels, the Federal Competition and Consumer Protection Commission (FCCPC) has issued a stern…
Asia-Pacific Markets Rise as China Holds Lending Rates, Boosting Investor Confidence
Asia-Pacific markets closed higher on Monday as investors reacted calmly to China’s decision to keep its key lending rates unchanged,…
Price War Deepens as Petrol Prices Crash by N100 Amid Dangote Refinery Push
Nigeria’s downstream oil sector has entered a fierce petrol price war, as filling stations slash pump prices by as much…
Dangote Launches ₦739/Litre Petrol Nationwide at MRS Stations
Dangote Petroleum Refinery has begun nationwide sales of Premium Motor Spirit (PMS) at a pump price of ₦739 per litre…
World Bank Set to Approve $500m Loan to Boost MSMEs in Nigeria
The World Bank is expected to approve a $500 million loan for Nigeria on Friday as part of a major…
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…
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,…