Nigeria Earns N70tn from Oil Exports Despite Weak Output and Sector Challenges
Nigeria has generated a substantial N70.1 trillion in oil export revenue over a 15-month period from January 2024 to March…
Year: 2025
Absa Bank Ghana: Digital Integration Key to Market Access and SME Financing
Absa Bank Ghana has emphasized the importance of digital integration for business growth, financial inclusion, and market access. Speaking during…
NGX Opens Week Strong with N279bn Boost as Investor Sentiment Rises
The Nigerian Exchange Limited (NGX) started the week on a bullish trajectory, gaining N279 billion in market capitalization on Monday.…
NCC Projects Surge in Telecom Investments Amid Economic Recovery and Infrastructure Reforms
The Nigerian Communications Commission (NCC) has projected a significant increase in investments in the country’s telecommunications sector in 2025. Speaking…
SEC Tenure Rule Triggers Market Anxiety as Capital Operators Scramble for Clarity
The Securities and Exchange Commission (SEC) of Nigeria has introduced a new rule imposing tenure limits on directors of Capital…
Nigeria’s Tax Harmonisation Plan to Curb Food Inflation, Boost Agricultural Transport
The Chartered Institute of Taxation of Nigeria (CITN) has applauded a recent resolution by Nigerian state governors to harmonise transportation…
European Markets Dip as U.S. Strikes Iran and Strait of Hormuz Closure Looms
Market Reactions to Middle East Escalation:European markets opened the week in the red as geopolitical tensions surged following the U.S.…
Domestic Investors Dominate NGX with N3.4tn in Trades Amid Rising Confidence
Domestic investors have emerged as the dominant force on the Nigerian Exchange Limited (NGX), driving a total of N3.41 trillion…
Naira Strengthens Amid CBN Intervention, FPI Inflows and Eased Inflation
The Nigerian naira appreciated slightly at the official foreign exchange window in the past week, moving to ₦1,547/$ from ₦1,549/$,…
Europe Pushes for Digital Sovereignty Amid U.S. Tech Dominance and Trump’s Second Term
As Donald Trump begins his second term as U.S. president, a growing number of Europeans are turning away from American…
Oil Prices Could Soar to $150 as Iran Approves Strait of Hormuz Closure Amid Rising Tensions
In a bold geopolitical move, Iran’s parliament has approved the closure of the Strait of Hormuz, a narrow but essential…
Offshore Investors Fuel Nigeria’s Bond Market Rally Ahead of DMO Auction
Foreign Portfolio Investors (FPIs) significantly increased their interest in Nigeria’s fixed income instruments last week ahead of the June 24…
SEC Ban on Dual Director Roles Wins Stakeholder Support Amid Corporate Governance Push
The Securities and Exchange Commission (SEC) of Nigeria has issued a new directive banning Independent Non-Executive Directors (INEDs) from assuming…
Global Equity Funds See Largest Outflows in Three Months Amid Middle East Tensions, U.S. Trade Uncertainty
Global equity funds experienced significant withdrawals totaling $19.82 billion in the week ending June 18, marking the largest outflow in three months, according…
Nigeria Leads Global Stablecoin Adoption in 2025, Second in Overall Digital Asset Use — Yellow Card Report
Nigeria has emerged as the global leader in stablecoin adoption, according to the newly released 2025 Report on the State of…
Bank of Ghana to Overhaul Reference Rate in Drive for 10% Lending Target
The Bank of Ghana (BoG) has announced a major reform targeting the Ghana Reference Rate (GRR) as part of efforts…
NCC Vows to Expose and Prosecute Telecom Vandals Under New Infrastructure Protection Order
The Nigerian Communications Commission (NCC) has announced its intention to collaborate more closely with security agencies to arrest and prosecute…
REA and FCMB Launch ₦100 Billion Renewable Energy Fund to Power Two Million Nigerian Homes
In a strategic move to expand electricity access across Nigeria, the Rural Electrification Agency (REA) and First City Monument Bank…
Breaking: Tinubu Sets Up High-Level Peace Committee to Tackle Benue Killings
In response to a deadly attack that claimed around 200 lives in Yelewata community, Guma Local Government Area of Benue…
US Recovers $225M in Largest-Ever Crypto Scam Bust | Crypto Fraud, Blockchain, FBI
The United States government announced on Wednesday, June 19, 2025, that it has successfully recovered $225 million in what is…
CBN’s 50% CRR Policy Sparks Liquidity Crisis, Threatens Nigeria’s $1tn Economic Goal
Nigeria’s banking sector is facing a serious liquidity challenge following the Central Bank of Nigeria’s (CBN) decision to impose a…
Global investment decline may worsen due to tariffs, UN trade agency warns
Global foreign direct investment (FDI) declined for the second year in a row in 2024, and projections for 2025 indicate…
Bitcoin Stagnates Amid Hawkish Fed Stance and Israel-Iran Conflict
Bitcoin remained in a tight consolidation range on Thursday, trading around $105,200, as rising geopolitical tensions between Israel and Iran…
Dangote Refinery Set to Export First Petrol Cargo to Asia, Signaling Global Expansion
The Dangote Petroleum Refinery, Africa’s largest oil refining facility, is preparing for its first gasoline export beyond Africa, with a…
NIBSS Launches ISO 20022-Compliant National Payment Stack to Revolutionize Digital Payments in Nigeria and Africa
The Nigeria Inter-Bank Settlement System (NIBSS) has officially launched the National Payment Stack (NPS), an advanced payment infrastructure built on…
China Likely to Hold Lending Rates Steady Amid Trade Truce and Recent Easing Measures
China is expected to keep its key lending rates unchanged during its upcoming monthly review, following significant monetary easing measures…
EU Court Adviser Backs €4.1 Billion Antitrust Fine Against Google Over Android Dominance
Alphabet’s Google is facing a significant legal challenge in Europe as a top adviser to the European Union’s highest court…
Geopolitical Tensions and Central Bank Decisions Keep Global Markets on Edge
Global financial markets remain cautious as geopolitical uncertainty surrounding potential U.S. military action in the Middle East collides with a…
Senate Demands Explanation from NNPCL Over Missing N210 Trillion in Financial Records
The Nigerian Senate has issued a one-week ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) to explain discrepancies totaling…
Experts Urge African Organisations to Embrace Digital Transformation for Economic Growth
Organisations and government agencies across Africa have been strongly encouraged to prioritise digital transformation as a critical strategy for innovation,…