Finance Local Macroeconomic Nigeria’s FX Reserves Fall by $263 Million After 25 Weeks of Gains December 22, 2025 Ekemini Uba Nigeria’s foreign exchange (FX) reserves have dipped by $263.151 million, ending a remarkable 25-week accumulation streak, according to data from the Central Bank of Nigeria (CBN). The reserves fell to…
Banking Local Opinion Mandatory TINs in Nigeria: Tax Reform or Threat to Financial Inclusion? December 22, 2025 Ekemini Uba As Nigeria moves to make Tax Identification Numbers (TINs) mandatory for all bank accounts from January 1, 2026, millions of ordinary citizens may face unexpected barriers to financial access. With…
Finance Local Macroeconomic Nigeria’s Fiscal Indiscipline Threatens 2026 Budget, Experts Warn December 22, 2025 Ekemini Uba Nigeria’s public finances are facing mounting pressure as fiscal indiscipline and governance gaps continue to undermine the nation’s budgetary process. Experts say that successive budgets have become overly optimistic exercises,…
Business Finance Local CBN Mandates Multi-Factor Authentication for Foreign Card Transactions Across Nigeria December 22, 2025 Ekemini Uba The Central Bank of Nigeria (CBN) has ordered banks and non-bank acquirers to strengthen security on foreign-issued card transactions across the country. According to a circular dated December 18, financial…
Business Finance International European Markets Slip Ahead of Short Trading Week as Gold Hits Record Highs December 22, 2025 Ekemini Uba European stocks fell modestly on Monday, as positive momentum from last week’s gains slowed ahead of a short trading week. The pan-European STOXX 600 slipped 0.2% by mid-morning in London,…
Business Finance SEC Mandates CMO Registration Renewal and Launches Digital Transformation Portal December 22, 2025 Ekemini Uba The Securities and Exchange Commission (SEC) has instructed all Capital Market Operators (CMOs) to renew their registration between January 1 and 31, 2026, as part of a broader effort to…
Business Local Shehu Shantali Appointed CSCS CEO, Pledges to Build on Jalo-Waziri’s Legacy December 22, 2025 Ekemini Uba The Central Securities Clearing System Plc (CSCS) has officially announced the appointment of Shehu Shantali as its new Chief Executive Officer, effective January 1, 2026, following regulatory approval. Shantali succeeds…
Business Local Stock Banking and Consumer Stocks Propel Nigerian Equities Up 1.76% Amid Year-End Rally December 22, 2025 Ekemini Uba Nigerian equities ended the week on a high note, gaining 1.76% thanks to strong buying interest in banking and consumer goods stocks. The NGX All-Share Index climbed to 152,057.38 points…
Banking Business Finance Local CBN Eases Foreign Card Usage for Tourists and Returning Nigerians December 22, 2025 Ekemini Uba The Central Bank of Nigeria (CBN) has issued a new directive to banks and financial institutions aimed at improving access to funds for tourists and Nigerians returning from abroad. The…
Business Local Yuletide Travel Alert: FCCPC Warns Road Transporters Against Unfair Fare Hikes December 22, 2025 Ekemini Uba As millions of Nigerians prepare for yuletide travels, the Federal Competition and Consumer Protection Commission (FCCPC) has issued a stern warning to inter-city road transport operators against arbitrary fare hikes.…
Business International Market Asia-Pacific Markets Rise as China Holds Lending Rates, Boosting Investor Confidence December 22, 2025 Ekemini Uba Asia-Pacific markets closed higher on Monday as investors reacted calmly to China’s decision to keep its key lending rates unchanged, a move that signaled policy stability at a time of…
Business Energy Local Price War Deepens as Petrol Prices Crash by N100 Amid Dangote Refinery Push December 22, 2025 Ekemini Uba Nigeria’s downstream oil sector has entered a fierce petrol price war, as filling stations slash pump prices by as much as N100 per litre following aggressive pricing from the Dangote…
Business Energy Local Dangote Launches ₦739/Litre Petrol Nationwide at MRS Stations December 22, 2025 Ekemini Uba Dangote Petroleum Refinery has begun nationwide sales of Premium Motor Spirit (PMS) at a pump price of ₦739 per litre across all MRS filling stations, a move aimed at easing…
Business Economy Local World Bank Set to Approve $500m Loan to Boost MSMEs in Nigeria December 22, 2025 Ekemini Uba The World Bank is expected to approve a $500 million loan for Nigeria on Friday as part of a major push to improve access to finance for micro, small, and…
Business International Macroeconomic Dollar Exchange Rates Steady Ahead of ECB and BoE Rate Decisions December 19, 2025 Ekemini Uba The U.S. dollar held its ground against major currencies on Thursday, as traders braced for upcoming central bank announcements from Britain, Europe, and Japan. Investors are carefully weighing these decisions,…
Business Economy Local NEPAD Reaffirms Commitment to Africa’s Trade Growth under AfCFTA December 19, 2025 Ekemini Uba The NEPAD Business Group Nigeria (NBGN) has reaffirmed its commitment to driving private sector–led economic transformation across Nigeria and the African continent, emphasizing the immense opportunities under the African Continental…
Local Macroeconomic Nigeria Spends 72% of Federal Revenue on Debt Servicing in First Seven Months of 2025 December 19, 2025 Ekemini Uba Nigeria’s Federal Government spent nearly three-quarters of its total revenue on servicing domestic and external debt in the first seven months of 2025, highlighting the mounting pressure of debt obligations…
Business Local Stock NGX Banking Index Surges 38% in 2025 Despite Uneven Stock Performance December 19, 2025 Ekemini Uba Banking stocks on the Nigerian Exchange Limited (NGX) have delivered mixed results in 2025, even as the NGX Banking Index posted a remarkable 38.1% gain year-to-date (YTD) as of December…
Business Local Macroeconomic Nigeria’s Trade with ECOWAS Soars 43% to N6.9 Trillion in 2025 December 19, 2025 Ekemini Uba Nigeria’s trade with fellow Economic Community of West African States (ECOWAS) countries recorded a remarkable 43 percent increase year-on-year (YoY), reaching N6.9 trillion in the first nine months of 2025,…
Local Macroeconomic Ghana Producer Price Inflation Slows to 1.3% in November 2025 December 19, 2025 Ekemini Uba Producer price inflation (PPI) in Ghana slowed slightly to 1.3% in November 2025, down from 1.4% in October, according to the latest figures from the Ghana Statistical Service (GSS). This…
Business International Technology TikTok Cedes U.S. Control to American Investor Group in Major Security-Focused Deal December 19, 2025 Ekemini Uba TikTok has reached a landmark agreement to transfer significant control of its U.S. operations to a consortium of American investors, effectively ending years of negotiations with the federal government over…
International Technology ChatGPT Mobile App Surpasses $3 Billion in Global Consumer Spending December 19, 2025 Ekemini Uba ChatGPT’s mobile app has officially surpassed $3 billion in global consumer spending, marking a major milestone for the AI-powered chatbot. Since its initial launch on iOS in May 2023, and…
Banking Business Finance Local FCMB Group Gets Shareholders’ Approval to Raise N400bn Ahead of 2026 CBN Recapitalisation Deadline December 19, 2025 Ekemini Uba Shareholders of FCMB Group Plc have approved a major capital raise of up to N400 billion, positioning the bank to meet the Central Bank of Nigeria’s (CBN) recapitalisation deadline in…
Local Macroeconomic Nigeria Inflation Expectations: Businesses and Households Predict Stability in Coming Months December 19, 2025 Ekemini Uba Businesses and households across Nigeria are anticipating stable inflation in the coming months, according to the Central Bank of Nigeria’s (CBN) Inflation Expectations Survey for November 2025. The survey highlights…
Business Economy Local CBN Survey Predicts Business Confidence in Nigeria to Hit 52.8 Points by Mid-2026 December 19, 2025 Ekemini Uba Nigeria’s business environment is set for a boost over the next six months, with confidence among businesses expected to reach 52.8 index points—one of the highest levels in recent years.…
Energy Local Macroeconomic 2025 Nigeria Budget Hit Hard as Oil Revenue Falls 62% Below Target December 19, 2025 Ekemini Uba Nigeria’s 2025 federal budget has suffered a significant setback as oil and gas revenues fell 62.2% below the prorated target for the first seven months of the year. According to…
Business Energy Local Senate Screens Tinubu’s Nominees as Nigeria Petroleum Regulatory Reforms Gain Momentum December 19, 2025 Ekemini Uba Nigeria’s push for stronger oil and gas governance took a significant step forward on Thursday as the Senate commenced the screening of President Bola Tinubu’s nominees for the country’s key…
Business Energy Local Dangote Refinery Partnership Set to Reduce Petrol Prices, IPMAN Confirms December 19, 2025 Ekemini Uba The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged its members nationwide to prioritize purchasing Premium Motor Spirit (PMS) from Dangote Refinery, emphasizing that the refinery currently offers the…
Local Technology Nigeria Urged to Bridge Digital Divide and Improve Internet Affordability December 19, 2025 Ekemini Uba Nigeria, alongside other African nations, has been urged to tackle persistent digital divides and ensure affordable internet access, as highlighted during the World Summit on the Information Society (WSIS+20) review.…
International Technology Facebook Tests Paid Limits on Link Sharing, Allowing Only Two Free Links Per Month December 19, 2025 Ekemini Uba Meta Platforms Inc. has begun testing a new feature that restricts how many links certain users can share on Facebook, marking a significant change in how the platform treats outbound…
