DMO Opens August 2025 FGN Savings Bonds with Up to 15.4% Interest Amid Declining Rates
The Debt Management Office (DMO) has announced the opening of the August 2025 Federal Government of Nigeria (FGN) savings bond…
Year: 2025
FBNQuest Forecasts 3.4% GDP Growth for Nigeria in 2025, Naira to Weaken to N1,662/$
Analysts at FBNQuest Merchant Bank project that Nigeria’s economy will maintain its recovery in 2025, with real GDP expected to…
How AI and RegTech Are Transforming Compliance for Nigerian Startups – Expert Insight from Kayode Opeyemi
As Nigeria’s fintech industry matures, startups are experiencing increasing regulatory scrutiny from agencies like the Central Bank of Nigeria (CBN)…
Malaysia Strikes $150 Billion Tech and LNG Deal with U.S. to Ease Tariff Pressure
Malaysia has agreed to spend up to $150 billion over the next five years on U.S. technology and infrastructure equipment in key…
Banks Unlikely to Cut Lending Rates Despite BoG’s Aggressive Rate Slash – Economist-Ghana
Despite the Bank of Ghana’s (BoG) bold decision to cut the policy rate by 300 basis points to 25 percent,…
NNPC Raises Petrol Price to N890/Litre, Surpassing Market Average Amidst Downstream Sector Tensions
The Nigerian National Petroleum Company (NNPC) Ltd has increased the pump price of Premium Motor Spirit (PMS), commonly known as…
Nigerian Businesses Struggle with Credit Crunch Despite Rising Optimism — NESG-Stanbic Report
Nigerian businesses experienced a deepening credit crunch in June 2025 despite signs of robust economic recovery, according to the latest NESG-Stanbic…
Nigerian Stock Market Hits Record High as NGX Gains 5.07%, Adds ₦4.32 Trillion in Value
The Nigerian Exchange (NGX) continued its remarkable bullish run, marking its tenth consecutive week of gains. The All-Share Index (ASI)…
US Tariff Hike Prompts Nigerian Insurance Sector to Strengthen Risk Management Amid Export Pressure
The Nigerian insurance industry has been advised to bolster its risk management frameworks in response to a 15% tariff imposed…
Marketers seek unified distribution plan with Dangote Refinery
Oil marketers under the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) are urging the Dangote Refinery to collaborate…
Africa Creative Market 2025 to Drive Export Growth and Global Investment
The Africa Creative Market (ACM) has announced that its 2025 edition will be centered on expanding Africa’s creative exports and…
FG’s Forex Windfall Plummets 73% in H1 2025 Amid Exchange Rate Realignment
Nigeria’s federal government saw a sharp 73% decline in foreign exchange (FX) gains during the first half of 2025, dropping…
Farmers Reject Anchor Borrowers’ Scheme as CBN Ends Intervention Efforts
The Anchor Borrowers’ Programmer (ABP), introduced by the Central Bank of Nigeria (CBN) in 2015 to boost smallholder farmers’ access…
Banks Flood CBN with N79.8 Trillion in Deposits Amid Surging Liquidity and Tight Money Market
Banks’ deposits with the Central Bank of Nigeria (CBN) skyrocketed by 783.7% year-on-year to N79.8 trillion in the first seven…
Meta to Invest $72 Billion in 2025 Amid AI Infrastructure Boom
Meta Platforms Inc. announced it will increase its capital expenditure to as much as $72 billion in 2025, driven by…
Africa’s Fintech Sector Dominates Startup Funding with $640 Million in H1 2025
Africa’s fintech industry reclaimed its position as the continent’s leading startup funding recipient in the first half of 2025, securing…
Trump Raises Nigerian Import Tariffs to 15% Amid Escalating Trade Disputes
U.S. President Donald Trump signed an executive order on July 31 increasing tariffs on Nigerian imports from 14 to 15…
FCMB Group Reports ₦79.3 Billion Profit Before Tax in H1 2025
FCMB Group Plc posted a profit before tax (PBT) of ₦79.3 billion for the first half of 2025, representing a…
EU Signals Tighter Scrutiny on Big Tech “Acquihire” Deals to Preserve Competition
The European Commission is ramping up scrutiny on Big Tech’s “acquihire” practices where companies hire start-ups’ key staff instead of…
Asian Markets Brace for Sharp Decline as US Tariffs Escalate Trade Tensions
Asian shares are on track for their worst weekly drop since April following the US government’s decision to impose steep…
Forex Access Challenges Persist Despite Cedi Gains — Ghana Importers and Exporters Sound Alarm
The Importers and Exporters Association of Ghana has expressed serious concern over ongoing difficulties in accessing foreign exchange (forex) through…
Ghana, UK Renew Commitment to Stronger Trade Ties Under Partnership Agreement
Ghana is accelerating preparations to fully implement the Ghana–UK Trade Partnership Agreement (TPA) following key discussions with a visiting British…
Naira Ends July Slightly Weaker at ₦1,533.55/$ Despite Signs of Stability
The Nigerian naira closed July 2025 at ₦1,533.55 to the US dollar in the official market, slipping by 0.25% from…
NGX Wraps Up Bullish July with N12.62tn Surge, All-Time Highs Set Ahead of Earnings Season
The Nigerian Exchange (NGX) ended July 2025 on a powerful bullish streak, with market capitalization surging by a remarkable N12.62tn.…
AfDB Commits $503m to Boost Nigeria’s Clean Energy Transition
The African Development Bank (AfDB) has pledged $503 million to support Nigeria’s ongoing energy transition efforts, reinforcing the country’s shift…
Bank of Ghana to Relaunch Gold Coin Under “Cedi@60” to Boost Gold Ownership and Financial Inclusion
As part of the “Cedi@60” commemorative program, the Bank of Ghana (BoG) has announced plans to relaunch the Ghana Gold…
Bank of Ghana Slashes Interest Rate to 25% as Inflation Drops, Sparking Price Reductions
The Bank of Ghana (BoG) has significantly cut its benchmark interest rate by 300 basis points, reducing it from 28%…
NNPC Reaffirms Commitment to Port Harcourt Refinery Rehabilitation, Rules Out Sale
The Nigerian National Petroleum Company Limited (NNPC) has dismissed speculations about selling the Port Harcourt Refining Company, asserting its commitment…
FG to Generate ₦796bn Annually from 5% Fuel Surcharge Despite Public Outcry
The Federal Government of Nigeria is set to implement a five per cent surcharge on all refined fossil fuel products,…
Microsoft Commits Record $30 Billion to AI and Cloud Growth in Q3 2025
Microsoft has announced a historic $30 billion capital expenditure for Q3 2025, marking its largest quarterly investment to date. This…