Nigeria Imports 15 Billion Litres of Petrol Despite Dangote Refinery’s Rising Output
Nigeria imported nearly 15.01 billion litres of petrol between August 2024 and early October 2025, accounting for 69% of the…
Year: 2025
Nigeria to Seek OPEC Approval for 2 Million Barrels Daily Oil Quota as Output Surges Past 1.7m bpd
Nigeria is set to request the Organisation of Petroleum Exporting Countries (OPEC) to approve an increase in its oil production…
Apple and Google Face Tougher UK Rules as Regulators Tighten Grip on Tech Giants
Britain’s competition regulator has announced stricter oversight of Apple and Google’s mobile ecosystems, a move signaling the country’s growing determination…
Marketers Accuse Dangote Refinery of Withholding Paid Fuel Amid Rising Petrol Prices
Petroleum marketers have accused the Dangote Refinery of failing to supply petrol weeks after receiving full payments, raising concerns about…
Sustainable Finance Redefines Investment Landscape, Says SEC DG Emomotimi Agama
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has emphasized that the global shift toward sustainable…
Ghanaian Pension Funds Turn to Private Equity for Growth as Market Reforms Unlock New Opportunities
Ghana’s pension industry is undergoing a major transformation as more fund managers turn their attention toward private equity to drive…
FCMB Group Showcases Strong Digital Growth and Diversified Investments to Attract New Investors
FCMB Group Plc has showcased its robust performance and innovation-driven strategy during its “Facts Behind the Offer” presentation at the…
Dangote Plans to List 10% Stake in $20bn Refinery on NGX to Attract Global Investors
Africa’s richest man, Aliko Dangote, has revealed plans to sell between five and 10 percent of the Dangote Petroleum Refinery…
Ghana’s Producer Price Inflation Edges Up to 3.2% in September Amid Modest Industrial Gains
Ghana’s producer price inflation (PPI) rose slightly to 3.2% in September 2025, according to the Ghana Statistical Service (GSS). This…
Nigeria’s Economic Reforms Power NGX to Record High, ASI Crosses 153,000 Points
Nigeria’s stock market surged to new heights this week as sweeping economic reforms and renewed investor optimism continued to fuel…
Nigeria’s Data Boom Powers Growth but Poor Infrastructure Threatens Digital Progress
Nigeria’s digital economy is expanding at record speed, with data consumption soaring to an all-time high of 1.15 million terabytes…
Nigerian Breweries Records ₦86bn Profit Despite Q3 Loss, Eyes Festive Rebound
Nigerian Breweries Plc, the country’s largest brewer, has reported a profit of ₦85.5 billion for the first nine months of…
European Stocks Rise as Earnings Boost Investor Confidence; Kering Surges 8% on Strong Results
European markets opened higher on Thursday, lifted by a wave of major corporate earnings that painted a mixed but resilient…
NGX Extends Bullish Run as Investors Gain N1.45 Trillion on Blue-Chip Rally
The Nigerian Exchange Limited (NGX) maintained its positive momentum on Wednesday, with investors raking in an impressive N1.45 trillion gain…
IMF Commends Nigeria’s Economic Reforms as Growth Outlook Strengthens Under Cardoso
Nigeria’s ongoing economic reforms have received global recognition from the International Monetary Fund (IMF), which praised the Central Bank of…
OTC Crypto Trading: Africa’s Hidden Backbone for Digital Finance and Cross-Border Payments
Over-the-counter (OTC) cryptocurrency trading is quietly emerging as the unseen engine of Africa’s digital financial ecosystem, according to a new…
Nigeria’s Domestic Debt Hits N6.17 Trillion in Six Months as FG Seeks to Bridge Budget Deficit
The Federal Government of Nigeria (FG) has borrowed a total of N6.17 trillion from the domestic debt market within the…
Nigeria and Denmark Sign Landmark MoU to Boost Digital Innovation and Technology Collaboration
Nigeria and Denmark have taken a significant step toward deeper technological collaboration by signing a Memorandum of Understanding (MoU) focused…
Netflix Goes “All In” on Generative AI: Boosting Creativity Without Replacing Humans
Netflix is doubling down on generative AI as a tool to support, rather than replace, creativity in filmmaking. In its…
NNPC Remits over N10tn to Federation in 8 Months, Records N4.2tn Revenue in August
The Nigerian National Petroleum Company Limited (NNPC) has remitted a staggering N10.073 trillion to the Federation Account between January and…
Nigeria’s Oil Sector Struggles as FIRS Drives Government Revenue to N31.38 Trillion
Nigeria’s oil sector continues to underperform, putting pressure on the country’s overall revenue growth, even as non-oil tax agencies exceed…
Enko Capital Launches $100m Private Credit Fund to Bridge Africa’s Financing Gap
Enko Capital, an Africa-focused alternative asset manager, has secured $100 million in the first close of its impact-driven private credit…
Nigeria Spends 35% of 2024 Budget on Debt Service as Fiscal Deficit Hits ₦13.51 Trillion
The Federal Government of Nigeria spent a staggering ₦12.36 trillion servicing debts in 2024, representing 35.26% of the entire ₦35.05…
West African Development Bank Secures Record €1 Billion 15-Year Bond to Boost Regional Growth
In a landmark move for Africa’s financial markets, the West African Development Bank (BOAD) has successfully issued a €1 billion…
Lagos Partners with AFD, EU, and EIB on €360m Omi Eko Ferry Project
The Lagos State Government has launched a groundbreaking €360 million water transport initiative, known as the Omi Eko Project, aimed…
European Markets Slip as Momentum Fades; L’Oréal Shares Drop 6% Amid Weak Growth and Tariff Pressure
European stocks traded lower on Wednesday as the week’s earlier optimism faded, with investors digesting fresh corporate earnings and geopolitical…
Nigeria’s Reform Push Fuels Market Rally as NGX Surges Past 151,000 Points
Nigeria’s stock market continued its upward momentum this week, hitting a new all-time high as investors responded positively to ongoing…
BUA Foods, Aradel Lift Nigerian Stocks as All-Share Index Smashes 150,000 Mark — Highest Ever Level
The Nigerian stock market hit a historic milestone on Tuesday, October 22, 2025, as the All-Share Index (ASI) surged past…
Cedi Bounces Back: Ghana’s Currency Surges 37% in 2025 as Investor Confidence Returns
Ghana’s cedi has made an impressive comeback in October 2025, reclaiming lost ground and restoring investor confidence after months of…