COMAC Urges Government to Stabilise Cedi to Prevent Fuel Price Increases in Ghana
The Chamber of Oil Marketing Companies (COMAC) has called on the government to intensify efforts to stabilise the cedi to…
Year: 2025
Nigeria’s Forex Market Stabilizes as IMTO Diversions Ease, Oil Dollar Inflows Rise
Nigeria’s foreign exchange market is seeing a rare moment of calm as licensed currency traders report that International Money Transfer…
Nigeria SEC to Gradually Adopt ISSB Sustainability Standards to Boost Transparency and Investor Confidence
Nigeria’s Securities and Exchange Commission (SEC) has announced plans to phase in the International Sustainability Standards Board (ISSB) disclosure framework.…
South Korea’s Top Trade Envoy Heads to U.S. for Stalled Tariff Talks Amid $350 Billion Investment Fund Dispute
South Korea’s chief trade negotiator, Yeo Han-koo, left Seoul on Monday for Washington as Seoul and Washington struggle to finalise…
Nigeria Needs 21.9% Annual Growth to Hit $1 Trillion Economy by 2031 — Afrinvest Report
Nigeria would need to achieve an annual economic growth rate of at least 21.9 percent at an exchange rate of…
Nigerian Stock Market Rebounds as Investors Gain N986 Billion Amid Renewed Buying Interest
The Nigerian stock market staged a strong rebound last week, reversing a four-week losing streak and rewarding investors with gains…
South Korea’s Kospi Index Hits Record High After Government Scraps Stock Tax Hike Plan
South Korea’s benchmark Kospi index soared to a record high of 3,420.23 in early Monday trade, marking its 10th consecutive…
Ghana’s T-Bill Auction Misses Target by GH¢2.03bn as Investor Appetite Weakens
Ghana’s government fell short of its Treasury bill target last week, missing the mark by GH¢2.03 billion amid weakening investor…
Cedi Depreciation Sparks Debate Over Bank of Ghana’s Currency Support, Ahiagbah Slams Artificial Stability
The Ghanaian cedi’s sharp decline in recent weeks has reignited debate over how the currency was previously stabilised. Richard Ahiagbah,…
Dangote Rolls Out 1,000 CNG Trucks to Slash Fuel Prices, IPMAN Mobilises Marketers Across Nigeria
In a major move set to reshape Nigeria’s fuel market, the Dangote Petroleum Refinery on Monday deployed over 1,000 Compressed…
Nigeria’s Inflation Expected to Ease Further as FX Stability and Harvest Season Boost Price Relief
Nigeria’s inflation may continue its downward trajectory in August 2025, driven by a more stable foreign exchange market and the…
Meta Restores FIJ Facebook Page After Admitting ‘Mistake’ Amid Rising Pressure from Nigerian Authorities
Meta, the parent company of Facebook, has reinstated the Facebook page of the Foundation for Investigative Journalism and Social Justice…
U.S. Treasury Yields Rise as Inflation Surges and Jobless Claims Climb Ahead of Fed Meeting
U.S. Treasury yields edged higher Friday morning as investors digested a mix of rising inflation and weaker-than-expected labor market data.…
Ghana Banks Introduce 5% Forex Withdrawal Fee Under New BoG Guidelines
Ghanaian commercial banks have begun applying a 5% fee on foreign exchange withdrawals, following the latest directives from the Bank…
Lagos Residents React to Proposed 5% Fuel Tax: Concerns Over Costs and Transparency
The proposed 5% fuel tax on petrol and diesel has sparked mixed reactions across Lagos, as Nigerians debate the potential…
ISSB-Aligned Sustainability Disclosures to Boost Nigeria’s Capital Market, Lower Costs, and Attract Global Investors
The Securities and Exchange Commission (SEC) has announced that adopting the International Sustainability Standards Board (ISSB) disclosure framework will significantly…
Stable Naira and Cleared FX Backlog Boost Investor Confidence in Nigeria’s Economy
Nigeria’s economic outlook is brightening as bold monetary reforms by the Central Bank of Nigeria (CBN) stabilise the naira and…
Dangote Refinery Denies NUPENG Allegations, Pledges 60,000 Jobs and Cheaper Fuel in Nigeria’s Energy Transition
Dangote Petroleum Refinery has rejected allegations by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), reaffirming its commitment…
SefRel Shop Champions ‘Buy Nigerian’ Movement to Boost Local E-Commerce and Manufacturing
Nigeria imported goods worth more than ₦60.5 trillion ($40 billion) in 2024, according to the National Bureau of Statistics, with…
Apple’s iPhone 17 Rolls Out “Memory Integrity Enforcement” to Thwart Spyware and Zero-Day Attacks
Apple’s newest iPhones are not just about flashy upgrades. Alongside the launch of the iPhone 17 and iPhone Air, the…
African Startups Secure $187 Million in August 2025, Led by South Africa’s Mega Deal
Africa’s startup scene showed remarkable resilience in August 2025, attracting $187.6 million in fresh funding despite a slowdown in global…
Reps Panel Orders Finance Minister Wale Edun to Withdraw 2025 Budget Implementation Document
Nigeria’s House of Representatives Committee on Appropriation has issued a firm directive to Finance and Economy Minister Wale Edun to…
FG Scraps 5% Telecom Tax, Relief for Over 170 Million Subscribers
The Federal Government has officially removed the 5% excise duty on telecommunications services, a move expected to ease financial pressure…
CBN and SEC Approve Wema Bank’s ₦150bn Rights Issue, Pushing Capital Above Regulatory Threshold
Wema Bank Plc has received the green light from both the Central Bank of Nigeria (CBN) and the Securities and…
Guinness, CILEASING, LIVINGTRUST Lead 10% Surge as NGX All-Share Index Gains 0.21%
The Nigerian Exchange (NGX) closed higher on Wednesday, September 11, as the All-Share Index (ASI) climbed 300.49 points to settle…
European Stocks Mixed as U.K. Growth Stalls and Vestas Shares Slide on U.S. Offshore Wind Snub
European markets opened without clear direction on Friday as fresh data showed the U.K. economy stagnated in July. The pan-European…
Nigerian Equities Market Adds ₦191 Billion as Investor Confidence Strengthens
The Nigerian stock market extended its winning streak on Thursday as investors continued to show renewed confidence. The market gained…
Nigeria Achieves Record Drop in Crude Oil Losses to 9,600 Barrels per Day, Says NUPRC
Nigeria’s upstream oil sector has reached a historic milestone, slashing daily crude oil losses to just 9,600 barrels per day…
Generative AI Poised to Add $100 Billion to Africa’s Economy, McKinsey Report Reveals
Africa could unlock as much as $100 billion in additional annual economic value if it embraces generative artificial intelligence (Gen…
IMF Forecasts Ghana’s Public Debt to Fall to 60% of GDP by End-2025 Amid Debt Restructuring
Ghana’s public debt is projected to drop sharply to about 60% of Gross Domestic Product (GDP) by the end of…