13% Derivation Fund Helps Oil-Producing States Slash Domestic Debt by N611bn…
Oil-producing states in Nigeria have cut their combined domestic debt by about N610.84bn between June 2023 and…
Yearly Archives
2025
Stockbrokers Call for Capital Market Reforms to Achieve Nigeria’s $1 Trillion…
The Chartered Institute of Stockbrokers (CIS) has urged the Federal Government to implement comprehensive capital…
Trump Threatens Tariffs on Nations Over Digital Taxes Targeting US Tech Giants
President Donald Trump has warned of imposing additional tariffs and export restrictions on countries that enact…
Nigeria’s Oil Production Hits Six-Month High at 1.5m bpd, Surpasses OPEC Quota…
Nigeria’s crude oil production climbed to its highest level in six months in July, marking a strong rebound after…
Meta Expands Africa’s Digital Infrastructure with New Data Centers and 2Africa…
Meta is intensifying its efforts to boost Africa’s digital transformation through major investments in data…
First Fund Customers Threaten Protest Over GH¢170m Locked Funds After Six-Year…
Aggrieved investors of First Fund, a scheme formerly managed by the defunct First Banc Financial Services, have…
Ghana Attracts $652 Million in Investments in 2024 Despite 5% FDI Decline
Ghana secured $651.7 million in investments in 2024, reflecting resilience in its investment climate despite a 5%…
Banks’ Cash Deposits with CBN Drop 41.6% as Borrowing Hits ₦820bn Amid Tight…
Nigeria’s banking sector experienced a dramatic liquidity shift last week as commercial banks slashed excess cash…
US Records $576 Million Trade Surplus with Nigeria in 2025 as Exports Surge,…
The United States swung to a $576 million trade surplus with Nigeria in the first half of 2025, marking a sharp…
Dangote Refinery Fuel Rollout Stalled as FG, Marketers Clash Over CNG Logistics…
The planned nationwide rollout of petroleum products by Dangote Petroleum Refinery has hit a major setback…
Tinubu Secures Petrobras’ Return to Nigeria, Signs Landmark Nigeria–Brazil Trade…
President Bola Tinubu has announced the imminent return of Brazil’s state-owned oil giant Petrobras to Nigeria,…
European Markets Set for Lower Open Amid Trump-Fed Clash and French Budget…
European stock futures are pointing to a weaker open on Tuesday as investors react to heightened global political…
NGX Dividend Drought: 45 Companies Go Five Years Without Payouts
Forty-five of the 146 companies listed on the Nigerian Exchange Limited (NGX) have not paid dividends in at least…
U.S. Trade Surplus with Nigeria Hits $576 Million in 2025 Amid Rising Tariffs
The United States recorded a $576 million trade surplus with Nigeria in the first half of 2025, reversing a $779…
OpenAI Warns Against Unauthorized Equity Sales Amid $300B Valuation and Jony Ive…
OpenAI has issued a stern warning to investors and the public over unauthorized sales and investment schemes…
Meta and X Face NITDA Sanctions for Flouting Nigeria’s Internet Code of Practice
Meta, the owner of Facebook, Instagram, WhatsApp, and Threads, and X, formerly Twitter, have been flagged for…
Naira to Gain Temporary Boost as U.S. Plans Interest Rate Cuts
The naira could experience a short-term appreciation against the U.S. dollar as the Federal Reserve signals…
Africa Prudential Records 75% Profit Growth in H1 2025 on Strong Diversified…
Africa Prudential Plc has reported a robust financial performance for the first half of 2025, posting a 75 percent…
Nigeria’s Financial Markets Show Resilience Amid Global Economic Uncertainty
Nigeria’s economy expanded by 3.13% in Q1 2025, surpassing last year’s 2.27% but falling short of the 4.9%…
Ghana Pays GH¢9.7bn DDEP Coupon to Restore Investor Confidence Ahead of Bond…
Ghana’s government has settled GH¢9.7 billion in coupon arrears under the Domestic Debt Exchange Programme (DDEP),…
Dangote Refinery Receives 1,000 CNG Trucks, Fuel Distribution to Begin in…
The Dangote Petroleum Refinery is set to launch its direct fuel distribution scheme in the coming weeks as 1,000…
Nigeria Data Protection Act Enforcement: NDPC Targets Banks, Insurers, and Tech…
The Nigeria Data Protection Commission (NDPC) has launched an aggressive enforcement drive targeting financial…
Dangote Refinery and Petrol Prices: 10 Swings in 10 Months Despite Local Supply
Nigeria’s petrol market has experienced dramatic volatility since the Dangote Refinery began supplying fuel in…
CBN Raises ₦8.99 Trillion via T-Bills in 7 Months as Rates Drop to 15%
The Central Bank of Nigeria (CBN) raised a total of ₦8.99 trillion through Treasury Bills (T-Bills) auctions in…
Nigerian Breweries, International Breweries, Champion Breweries Post N1.09…
Nigerian Breweries Plc, International Breweries Plc, and Champion Breweries Plc collectively recorded an…
FCMB Group Plans Equity Capital Raise to Fund Regional and International Expansion
FCMB Group Plc has announced plans to raise equity capital as part of its strategy to strengthen its capital base…
Nigeria’s GDP to Grow 3.2%-3.9% in Q2 2025 on Rebasing, FX Stability, and Stronger…
Nigeria’s economy is on track to post faster growth in the second quarter of 2025, with analysts projecting real…
U.S. Treasury Yields Edge Higher as Investors Await Inflation Data
U.S. Treasury yields ticked higher on Monday as investors assessed Federal Reserve Chair Jerome Powell’s recent…
European Stocks Open Lower as Orsted Plunges 18% Amid U.S. Project Halt
European markets started the week on a weaker note, with the pan-European Stoxx 600 slipping 0.2% in early trading…
Ghana Misses T-Bill Target for Third Consecutive Week as Yields Climb
Ghana’s Treasury Bill market remained under pressure last week as the government failed to meet its issuance…