Rising Debt Burden Hits Nigerian Firms as Liabilities Reach N3.6tn
A recent report has revealed that 15 listed companies on the Nigerian Exchange Limited recorded a combined non-current liability of…
Year: 2025
Government Ensures Quality Service as Telecom Tariff Hike Looms
The Nigerian government has pledged to improve telecom service quality as it prepares for an upcoming tariff increase. Minister of…
Crypto Scams and AI Cyberattacks Threaten Nigeria’s Digital Security
Nigeria’s cybersecurity landscape in 2025 is expected to be dominated by cryptocurrency scams and AI-driven cyberattacks, according to a new…
Equity market loses N1.45tn in one week
The Nigerian equity market experienced significant losses last week, dropping by 2.94% to close at 102,353.68 points. Market capitalization also…
Nigeria’s Current Account Surplus Strengthens Forex Stability
Nigeria recorded a current account (CA) surplus of $6.1 billion in Q3 2024, up from $3.9 billion in Q2, marking…
CBN Unveils Digital Payment and Document Management Solutions
The Central Bank of Nigeria (CBN) has launched two major initiatives: the Document Flow (DocFlow) System and the Ministries, Departments,…
Foreign Firms Rethink Investments Amid Capital Decline
Foreign-owned companies in Nigeria are scaling back their capital investments as returns on capital employed (ROCE) decline. BusinessDay’s analysis shows…
NBS Removes Crime Survey Report Amid Website Attack
The National Bureau of Statistics (NBS) has removed its recently published “Crime Experience and Security Perception Survey 2024” report from…
FG to Establish Farmers Database for Targeted Support
The Federal Government of Nigeria, through the Ministry of Agriculture and Food Security, has signed an agreement with the National…
NCC Orders Disconnection of Nine Banks’ USSD Services Over Unpaid Debts
The Nigerian Communications Commission (NCC) has directed telecommunications companies to disconnect the Unstructured Supplementary Service Data (USSD) services of nine…
Tinubu and UAE Leader Discuss Trade Investment and Regional Stability
President Bola Ahmed Tinubu of Nigeria and Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates (UAE) held…
Scott Bessent Faces Senate Scrutiny Over Taxes Trade and Deficits
Scott Bessent, President-elect Donald Trump’s nominee for Treasury Secretary, is set to face tough questions from the Senate Finance Committee…
Nigerians To Pay More For Calls And Data As Tariffs Increase
The Minister of Communications and Digital Economy, Bosun Tijani, has announced that Nigerians will face a tariff increase of 30…
Apple Seeks New Credit Card Partner as Goldman Backs Out
Apple is in talks with Barclays and Synchrony Financial to replace Goldman Sachs as its credit card partner, sources say.…
Nigerians Embrace AI with High Enthusiasm and Adoption
A new global survey by Ipsos and Google reveals that Nigeria’s online population is leading in Artificial Intelligence (AI). The…
Smartphone Market Grows in 2024 Despite Economic Challenges
Global smartphone shipments grew by 2.4% year-over-year (YoY) in the fourth quarter of 2024, reaching 331.7 million units, according to…
NCC and FCCPC Sign Agreement to Strengthen Telecom Consumer Protection
The Nigerian Communications Commission (NCC) and the Federal Competition and Consumer Protection Commission (FCCPC) have signed a Memorandum of Understanding…
Wini Group Debuts AI Varsity In Nigeria To Boost Africa’s Tech Adoption
Wini Group has announced the establishment of Wini University, Nigeria’s first Artificial Intelligence-focused institution, in Epe, Lagos. The university aims…
FG’s Economic Policies to Boost Marketing Industry in 2025
Industry experts predict Nigeria’s marketing and advertising sector will benefit from the federal government’s economic policies in 2025. According to…
Equity market posts N930bn loss
The Nigerian equity market recorded a significant loss of N930.62bn at the close of trading on Wednesday, marking the third…
34.8% inflation rate triggers fears of rising prices, hardship
Nigeria’s inflation rate surged to 34.80% in December 2024, a marginal increase from November’s 34.60%, according to the National Bureau…
FCMB appoints executive director
First City Monument Bank (FCMB) has announced the appointment of Felicia Obozuwa as its new Executive Director of Corporate Services…
Nigeria’s Inflation Hits 34.80% Dampening Hopes for Rate Cut
Nigeria’s inflation rate surged to 34.80% in December 2024, dampening expectations for a potential rate cut by the Monetary Policy…
Nine Nigerian Banks Face USSD Disconnection Over N160 Billion Debt
Telecommunication companies in Nigeria, under the directive of the Nigerian Communications Commission (NCC), will suspend USSD services for nine banks…
Prolong NBS Website Hack Sparks Inflation Data Uncertainty
The National Bureau of Statistics (NBS) in Nigeria continues to grapple with the fallout of a cyberattack that has rendered…
Telecom tariff hike: Huge financial burden on Nigerians
The recent announcement of telecom tariff hikes in Nigeria has sparked concerns among citizens already burdened by rising inflation, subsidy…
Crypto ETFs Face Innovation Potential in 2025 but Anticipate Weaker Demand
As the cryptocurrency exchange-traded fund (ETF) market enters 2025, it holds significant opportunities for innovation, including new funds tracking tokens…
ECB Looks to Services Prices to Meet Inflation Target Says Chief Economist
Eurozone inflation is expected to decline in 2025 due to slower wage growth and reduced cost pressures, according to European…
UK Business Confidence Falls to Two-Year Low Amid Tax Concerns
British business morale plunged to its lowest point in two years during late 2024, driven by tax concerns following the…
Sophos MDR Achieves 26000 Customers Amid Rising Demand for Advanced Security Solutions
Sophos Managed Detection and Response (MDR) has reached a major milestone, now serving over 26,000 organizations globally, marking a 37%…