Nigeria’s fixed-income market witnessed a strong rally last week as excess liquidity of N6.17 trillion triggered a significant fall in yields across bonds, Treasury bills, and Eurobonds. The surge in market cash reversed slight increases from the previous week, pushing total debt traded on FMDQ to N91.89 trillion, up from about N88 trillion. Analysts attribute […]
Year: 2025
Nigeria Economic Growth Outlook Brightens as Business Activity Strengthens
Nigeria’s economy is showing signs of recovery as it heads into 2026, driven by stronger business momentum, easing inflation, and a firmer naira. Recent data from the Central Bank’s Purchasing Managers’ Index (PMI) indicates that the private sector may be entering its most stable period in over a year, raising optimism for Africa’s largest economy. […]
Nigeria’s Inflation Hits Three-Year Low at 16.05% Amid Persistent Cost-of-Living Challenges
Nigeria’s inflation rate eased to 16.05% in October 2025, marking the lowest level in three years and eight months, according to the latest Consumer Price Index (CPI) released by the National Bureau of Statistics (NBS). This represents a 1.96-percentage-point drop from September’s 18.02% and a sharp 17.82-percentage-point decline compared to October 2024. Analysts attributed the […]
Nigeria’s Trade with Africa Surges 14% as Regional Ties Strengthen
Nigeria’s trade with other African countries has grown by 14% in the first half of 2025, highlighting the impact of stronger regional partnerships. The country’s head of customs, Bashir Adewale Adeniyi, announced that trade volume increased by 600 billion naira ($415 million), reaching a total of 4.82 trillion naira between January and June. The growth […]
FX Trading Slumps 30% in Nigeria Amid Dollar Supply Crunch and Market Caution
Nigeria’s foreign exchange (FX) market experienced a sharp slowdown last week, with total trading turnover plunging by more than 30%, according to data from FMDQ. Both spot and derivatives transactions were affected, highlighting continued caution among traders and corporates navigating an uncertain currency landscape. Data for the week ending November 14 revealed that FX spot […]
European Markets Slide as Fresh AI Concerns Shake Global Investor Confidence
European markets are poised for a weak start on Tuesday as global investors pull back amid renewed anxiety surrounding artificial intelligence–linked stocks. The cautious mood comes after a turbulent session on Wall Street, where concerns about the sustainability of the AI-driven rally resurfaced sharply. Early projections suggest a broadly negative open across major European indices. […]
Abia strengthens investment appeal, partners bank
Abia State’s investment profile received a major boost as Zenith Bank Plc declared a strong commitment to partner with the state government in attracting sustainable investments. The bank’s endorsement further strengthens confidence in Governor Alex Otti’s economic reforms, which many say have restored credibility and stability to Abia’s business environment. Speaking at a pre-event luncheon […]
Nigeria’s FX Inflows Surge as CBN Reforms Boost Investor Confidence
Nigeria is witnessing a notable revival in foreign-exchange inflows as investor confidence gradually returns, following years of policy uncertainty and market volatility. The latest data from the FMDQ Exchange shows that FX inflows jumped to $5.15bn in October, up sharply from $3.18bn in September — the highest in five months. Analysts say the boost reflects […]
NGX Records Sharp Loss as Investors Shed N1.17tn Amid Renewed Sell Pressure
The Nigerian stock market opened the week on a negative note as renewed sell pressure dragged the All-Share Index down by 1.26 per cent, closing at 145,159.77 points on Monday. The downtrend wiped out a fresh N1.17tn from investors’ portfolios, pulling market capitalisation lower to N92.3tn and signalling a shaky start to the trading week. […]
61.5% of Nigerian Households Call for Lower Interest Rates by October 2025, CBN Survey Reveals
A recent survey conducted by the Central Bank of Nigeria (CBN) reveals that a significant majority of Nigerian households are pushing for lower interest rates. According to the Household Expectations Survey, 61.5% of respondents expressed a desire for interest rates to decline by October 2025, reflecting growing concerns over the rising cost of borrowing. The […]
Emadeb E&P Achieves First Oil Production from Ibom Field, Boosting Nigeria’s Energy Future
Emadeb Exploration and Production Company Limited has successfully recorded its first oil production from the Ibom Field (PPL 236), a development the company describes as a significant milestone in Nigeria’s upstream oil and gas sector. The achievement reflects years of investment, technical expertise, and collaborative efforts within the country’s energy industry. Since acquiring the Ibom […]
Amazon Rebrands Satellite Internet as “Leo,” Shifts Focus from Affordability to Commercial Customers
Amazon’s satellite internet initiative, formerly known as Project Kuiper, has officially rebranded as “Leo.” The new name references the network’s low-Earth orbit (LEO) placement and marks a significant shift in the company’s messaging. While Kuiper emphasized affordable broadband for underserved areas, Leo now positions itself more as a commercial and home internet solution, directly competing […]
European Markets Edge Higher as Saab Soars 6% on Colombia Jet Deal
European stocks started the week on a cautiously optimistic note Monday, with most major indices trading in positive territory. The pan-European Stoxx 600 was up 0.06% by 8:25 a.m. in London, signaling a modest rebound after last week’s steep losses driven by economic concerns and artificial intelligence sector volatility. A standout performer was Swedish aerospace […]
Champion Breweries Launches N15.9bn Rights Issue to Fund Bullet Brand Acquisition
Champion Breweries Plc has officially launched a N15.9 billion Rights Issue to existing shareholders, marking a major step in the company’s ambitious growth strategy. The signing ceremony, held last Friday, comes after the Rights Issue received approval at the company’s Extraordinary General Meeting on July 24, 2025. This Rights Issue represents the first phase of […]
Danish Fintech Flatpay Becomes a $1.75 Billion Unicorn, Targeting SMB Payment Market
Danish fintech startup Flatpay has officially joined the elite club of European fintech unicorns, securing a valuation of $1.75 billion (€1.5 billion) in just three years. The company, which helps small and medium-sized businesses (SMBs) process card payments, now competes with European giants like Adyen, aiming to narrow the gap with its innovative flat-rate pricing […]
Nigerian Stock Market Ends Week Lower Despite Strong Gains in NCR and Aso Savings & Loans
The Nigerian stock market closed the week ended November 14, 2025, in negative territory, losing 2,511.22 points to finish at 147,013.59, despite remarkable gains from stocks like NCR (Nigeria) Plc and Aso Savings & Loans Plc. The Nigerian All-Share Index (NGX ASI) had opened at 149,524.81 but faced early-week panic selling that wiped out about […]
High Clean-Tech Tariffs Threaten Africa’s Renewable Energy Growth, UNCTAD Warns
Africa’s ambitious shift toward 100% renewable energy is at risk due to high tariffs on clean technologies and persistent trade barriers, despite a decade-long drop in global solar and wind prices. According to a new report by the United Nations Conference on Trade and Development (UNCTAD), these barriers could slow the continent’s transition to low-carbon […]
FCMB Appoints Oluyinka Johnson as Non-Executive Director to Strengthen Board Diversity and Governance
First City Monument Bank (FCMB) has officially announced the appointment of Ms. Oluyinka Johnson as a Non-Executive Director, following approval from the Central Bank of Nigeria (CBN). This strategic move highlights FCMB’s dedication to strong governance and building a leadership team that drives innovation and sustainable growth. Ms. Johnson brings over 20 years of experience […]
Nigeria Suspends 15% Fuel Import Duty: Marketers Applaud, Experts Warn of Long-Term Risks
The Federal Government’s decision to suspend the 15% import duty on petrol and diesel has sparked a mix of praise and concern across Nigeria’s energy sector. Independent oil marketers welcomed the move, saying it shows that the voices of Nigerians are being heard, while analysts warned that the suspension could undermine domestic refining and long-term […]
Nigeria’s Inflation Expected to Ease Further in October 2025, Analysts Forecast 16.20%–17.76%
Nigeria’s headline inflation is set to fall for the seventh consecutive month in October 2025, with projections ranging between 16.20% and 17.76%, down from September’s 18.02%, according to the National Bureau of Statistics (NBS). Experts attribute the expected decline primarily to easing food prices, improved foreign exchange conditions, and stable supply across major commodities. Despite […]
Trump Buys $82 Million in Bonds Amid Scrutiny Over Investment Portfolio
U.S. President Donald Trump has significantly expanded his investment in bonds, acquiring over $82 million in corporate and municipal debt between late August and early October, according to financial disclosures released by the U.S. Office of Government Ethics. The filings, published under the Ethics in Government Act, show Trump executed more than 175 separate bond […]
Nigeria’s U.S. Crude Imports Surge 101% in 2025 Amid Local Refinery Shortfalls
Nigeria’s crude oil imports from the United States skyrocketed in the first eight months of 2025, rising 101% compared to the same period last year, according to the U.S. Energy Information Administration (EIA). The country imported 31.69 million barrels between February and August, up from 15.79 million barrels in 2024, with no imports recorded in […]
Nigeria Exits FATF Grey List: Naira Soars as Foreign Reserves Cross $43 Billion
Nigeria’s financial markets have celebrated a major milestone as the country exits the Financial Action Task Force (FATF) grey list, a move signaling improved controls against money laundering and terrorist financing. The announcement has triggered a surge in investor confidence, with the naira hitting a 10-month high of N1,444.42 per dollar at official markets. Analysts […]
SEC and FMBN Partner to Address Nigeria’s Housing Deficit with Non-Interest Mortgages
The Securities and Exchange Commission (SEC) and the Federal Mortgage Bank of Nigeria (FMBN) have launched a strategic partnership to create a non-interest mortgage ecosystem, targeting the nation’s persistent housing deficit. The collaboration, revealed during a high-level meeting in Abuja, aims to provide millions of Nigerians with access to affordable, Sharia-compliant home financing options. Dr. […]
COPEC Urges Government to Create Petroleum Reserve Fund to Stabilize Fuel Prices- Ghana
The Chamber of Petroleum Consumers, Ghana (COPEC), has appealed to the government to establish a special petroleum reserve fund aimed at stabilising fuel prices and shielding consumers from unpredictable global oil market shifts. The proposal seeks to provide long-term relief to motorists, transport operators, and businesses who are frequently impacted by sudden fuel price hikes. […]
European Markets Poised for Weak Start as Investors Brace for Economic Uncertainty
European markets look set to begin the new trading week on a downbeat note, with early data pointing to a cautious atmosphere among investors. Market indicators show the U.K.’s FTSE slipping by 0.13% at the open, while Germany’s DAX and France’s CAC 40 are expected to edge slightly lower. Italy’s FTSE MIB is also projected […]
FCMB Group Moves to Expand Share Capital as Capital-Raising Drive Intensifies
FCMB Group Plc has announced plans to seek shareholder approval to increase its share capital, marking another major step in its ongoing capital-raising programme. The bank holding company disclosed this in a Notice of Extraordinary General Meeting filed with the Nigerian Exchange Limited on Friday, signalling its push to strengthen its financial position ahead of […]
Nearly $3bn spent on Eurobond debt servicing under Tinubu
Nigeria has spent almost $3bn servicing Eurobond debt across eight quarters of President Bola Tinubu’s administration, highlighting the mounting cost of commercial borrowing on the nation’s finances. Fresh data from the Debt Management Office shows that from Q3 2023 to Q2 2025, Eurobond payments alone accounted for 31.5% of Nigeria’s total external debt servicing, amounting […]
Dangote Refinery Denies Viral Claim Linking It to Bike-Based Fuel Delivery Service
The Dangote Petroleum Refinery has refuted a viral video claiming it partnered with a company to distribute petrol through motorcycle dispatch riders. Speaking on Sunday, company officials said the refinery has no link to the trending footage and is completely unaware of its source. The viral clip suggested that fuel could be ordered via WhatsApp […]
Ghana’s 2026 Budget Prioritizes Industrialisation as Engine for Economic Growth
Ghana’s 2026 budget has positioned industrialisation at the center of the country’s economic recovery, signalling a bold shift toward a production-driven economy. The government has unveiled initiatives designed to expand domestic manufacturing, encourage import substitution, and promote export-oriented industries, aiming to reduce reliance on imported goods while boosting local production. A key component of this […]