CBN Rate Cut to 27% Puts Pressure on Nigerian Banks’ Profits, Says Moody’s
Global ratings agency Moody’s Investors Service has warned that Nigerian banks could face shrinking profits following the Central Bank of…
Year: 2025
Nigeria Becomes Senegal’s Key Crude Supplier Despite New Oil Discovery
Nigeria has emerged as a lifeline for Senegal’s energy sector, supplying the bulk of crude oil to the country’s only…
Nigeria Boosts Oil Production by 200,000 BPD, Unlocks $5.5 Billion in Investments to Attract Global Investors
The Federal Government of Nigeria has announced a significant boost to the country’s crude oil output following recent divestments by…
Google Warns Executives of High-Volume Extortion Emails Claiming Oracle Data Breach
Google has issued a warning to executives across multiple organizations after hackers allegedly sent extortion emails claiming to have stolen…
Global Stocks Rise as U.S. Shutdown Sparks Safe-Haven Demand and Fed Rate-Cut Bets
Global stock markets edged higher on Thursday as investors weighed the economic fallout from a potential U.S. government shutdown, while…
Digital Transformation Set to Revolutionize Nigeria’s Energy Sector, Experts Say
Nigeria’s energy sector is poised for a major transformation as industry experts call for the full adoption of digital technologies…
Group Warns of External Plots Against Dangote Refinery, Urges Protection of Nigeria’s Energy Giant
The Stand-Up South South Security Group has raised alarms over what it described as external efforts aimed at frustrating the…
Gold Surges Toward $4,000 as U.S. Government Shutdown Fuels Safe-Haven Demand
Gold prices surged to historic levels on Wednesday, approaching the $4,000-per-ounce mark, as the United States entered its first government…
Pension Funds Expand Foreign Investments as PenCom Issues New Guidelines
Pension Fund Administrators (PFAs) and Closed Pension Fund Administrators (CPFAs) are increasingly shifting funds into foreign assets as Nigeria continues…
Experts Say NIIRA 2025 Will Boost Economic Growth, Strengthen Insurance Sector in Nigeria
The recently enacted Nigeria Insurance Industry Reform Act (NIIRA) 2025 has been described by industry leaders as a game-changer that…
Stock Market Investors Gain N1.8 Trillion in September Amid CBN Reforms
Investors in Nigeria’s stock market smiled to the bank in September 2025, as market capitalization surged by N1.8 trillion on…
Nigerian Farmers Launch Digital ID and Database to Strengthen Food Security and Access to Support
The All Farmers Association of Nigeria (AFAN) has introduced a groundbreaking digital identity card and database platform to properly register…
Ghana Inflation Falls to 9.4% in September, First Single-Digit Rate in Four Years
Ghana’s inflation rate has finally dropped into single digits for the first time in four years, marking a major relief…
Bank of Ghana Unveils Virtual Asset Bill to Ensure Safer Digital Transactions
The Bank of Ghana (BoG) has taken a bold step toward regulating the country’s fast-growing digital asset market with the…
Nigeria Spends $2.86bn on Debt Servicing in Eight Months, CBN Data Reveals
Nigeria has spent a staggering $2.86 billion servicing external debt between January and August 2025, according to new figures from…
Oil Prices Dip to 17-Week Low Amid U.S. Government Shutdown and OPEC Output Concerns
Global oil prices slipped to their lowest levels in 17 weeks as traders reacted to a combination of political and…
Samsung, SK Hynix Stocks Hit One-Year Highs After OpenAI Partnership Boosts Investor Confidence
South Korea’s leading chipmakers, Samsung Electronics and SK Hynix, surged to their highest stock levels in a year on Thursday,…
Elon Musk’s Net Worth Hits $500 Billion, Becomes First Person in History to Reach Half a Trillion
Elon Musk has set yet another world record, becoming the first individual in history to cross the $500 billion net…
SEC Urges Nigerian Youth to Build Wealth Through Capital Market Investments
The Securities and Exchange Commission (SEC) has urged Nigerian youth to embrace the capital market as a pathway to building…
Abuja Food Prices Drop in September: Rice, Beans, and Tomatoes Become Cheaper as Harvest Season Eases Inflation
Food prices in Abuja showed mixed trends in September 2025, with some staples becoming more affordable for households while others…
NNPC Counts Heavy Losses as PENGASSAN Halts Strike Against Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPC Ltd) has revealed that the recent three-day strike by the Petroleum and Natural…
Nigeria at 65: Tinubu’s Reforms Show Stability but Nigerians Still Struggle – Experts
As Nigeria marked its 65th Independence anniversary, President Bola Tinubu showcased what he called “remarkable milestones” from two years of…
Nigerian Fintech Leaders Engage Regulators and Lawmakers to Shape Inclusive Growth Framework
Nigeria’s fast-growing financial technology industry is strengthening its ties with government regulators and lawmakers to accelerate innovation and financial inclusion.…
Google and Handle It Africa Empower Nigerian Creators with AI Tools to Build Digital Careers
Nigeria’s creative economy is undergoing a transformation as young entrepreneurs increasingly embrace Artificial Intelligence (AI) to scale their content and…
Court Blocks PENGASSAN From Cutting Gas Supply to Dangote Refinery Amid Labour Dispute
The National Industrial Court in Abuja has issued a temporary order stopping the Petroleum and Natural Gas Senior Staff Association…
European Markets Dip Amid U.S. Tariff Concerns and Political Uncertainty
European markets opened lower on Tuesday as investors closely monitored U.S. trade policies and political developments, raising concerns over global…
NGX Introduces N150 Million Capital Gains Tax Exemption to Boost Nigerian Investors
The Nigerian Exchange Group (NGX) has announced a significant tax relief for investors in the country’s capital market, unveiling a…
NNPC, Dangote Refinery Ink New Two-Year Crude Supply Deal to Boost Domestic Fuel Stability
The Nigerian National Petroleum Company Limited (NNPC) has signed a fresh two-year crude oil supply agreement with Dangote Petroleum Refinery,…
Dangote Refinery Strike: PENGASSAN Defies Court Order, Vows to Continue Industrial Action
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has vowed to continue its strike at Dangote Petroleum…
Nairobi Securities Exchange Secondary Bond Market Hits Record KSh 2 Trillion Turnover in 2025
The Nairobi Securities Exchange (NSE) has achieved a historic milestone as its secondary bond market surpassed KSh 2 trillion in…