Duplication of Single Window System in NCS Act Threatens Cargo Clearance Efficiency
Licensed customs agents have raised alarms over what they describe as the duplication of the National Single Window (NSW) system…
Month: March 2026
Nigeria’s Banking Sector Attracts $13.53 Billion in Foreign Inflows in 2025 Amid Recapitalisation Drive
Foreign capital inflows into Nigeria’s banking sector hit $13.53 billion in 2025, marking a remarkable 93.25% increase from $7.00 billion…
Kenya Boosts TVET Sector as Kiharu College Enrolment Surges to 1,800
Kenya’s government is intensifying investment in Technical and Vocational Education and Training (TVET) to cultivate a skilled workforce ready to…
ZEN Petroleum IPO Fully Subscribed: $640M Listing to Boost Ghana Stock Exchange Presence
ZEN Petroleum Holdings PLC is set to make a major impact on the Ghana Stock Exchange (GSE) after securing a…
Nigerian Stock Market Set to Trade Mixed as Investors Focus on Large-Cap Stocks
The Nigerian stock market is poised for mixed trading in the coming days, with investors increasingly focusing on large-cap, high-liquidity…
Champion Breweries Lists N30 Billion Fixed Rate Bond on FMDQ to Boost Expansion
Champion Breweries Plc has taken a major step to strengthen its financial footing by listing a N30 billion Series 1,…
Nigeria’s Foreign Reserves Fall $547 Million in Two Weeks Amid Market Pressures
Nigeria’s foreign reserves have declined by approximately $547 million over a 15-day period in March 2026, signaling renewed pressure on…
NCC Orders Telcos to Compensate Subscribers for Poor Network Service
The Nigerian Communications Commission (NCC) has issued a landmark directive requiring Mobile Network Operators (MNOs) to compensate subscribers in areas…
Rewiring Nigeria’s Financial System: How the CBN is Stabilizing Banks and Restoring Confidence
Nigeria’s financial system entered 2023 under intense pressure, with a weakening naira, rising inflation, and dwindling investor confidence threatening a…
Rising Oil Prices Hit Nigerians Hard as Post-Subsidy Economy Faces Test
Nigeria is feeling the full impact of rising global oil prices, with no fuel subsidy to soften the blow. Since…
US-Iran Conflict Drives Food Prices Up in Nigeria, Deepening Poverty Crisis
Soaring fuel prices linked to the ongoing US-Iran conflict are pushing food prices higher across Nigeria, hitting households already struggling…
Naira Slides Again as Nigeria’s Forex Reserves Drop: CBN Moves to Boost Currency Liquidity
Nigeria’s currency, the Naira, recorded its second consecutive weekly decline against the US dollar, closing at N1,380.58 in the official…
FG Targets 5.2 Million Nigerians with Electricity Connections Under $750M World Bank Loan
The Federal Government of Nigeria is ramping up efforts to expand electricity access, aiming to connect 5.2 million Nigerians by…
US Cuts Nigerian Crude Imports by Nearly 50% in January 2026: What It Means for Oil Trade
The United States sharply reduced its imports of Nigerian crude oil in January 2026, marking a nearly 50% drop compared…
European Markets Fall as Iran War Escalation Rattles Global Investors
European markets started the week on a cautious note, slipping into negative territory on Monday as investors reacted to the…
CBN Cuts Treasury Bill Rates as Investors Pour N2.7 Trillion into One-Year Securities
The Central Bank of Nigeria (CBN) has lowered interest rates on longer-term Treasury bills following a surge in investor demand,…
Petrol Price in Nigeria Remains High Despite Dangote Cut as Global Oil Tensions Rise
Despite a recent price reduction by the Dangote Petroleum Refinery, petrol price in Nigeria has remained stubbornly high, with marketers…
Ghana’s Damang Mine Transition: Can Ibrahim Mahama Deliver on Local Ownership?
Ghana’s efforts to take control of the Damang gold mine from Gold Fields and shift it to local ownership are…
Zelensky Urges EU to Confiscate Russian Oil and Block Shadow Fleet Ships
Ukrainian President Volodymyr Zelensky on Thursday urged European countries to take stronger measures against Russia’s so-called “shadow fleet,” calling for…
Tinubu Expands CNG Initiative to Include Electric Vehicles, Boosting Nigeria’s Clean Mobility
President Bola Tinubu has approved a major expansion of the Presidential Initiative on Compressed Natural Gas (PiCNG) to now include…
Nigeria Sees $6.44bn Capital Inflows in Q4 2025 as Investor Confidence Grows
Nigeria attracted a total of $6.44 billion in capital inflows during the fourth quarter of 2025, marking a 26.6% year-on-year…
Africa Sees Record 530 Private Capital Deals in 2025 Amid Global Slowdown
Africa has emerged as the only global region to grow private capital deal activity in 2025, completing 530 transactions—a year-on-year…
African Startups See Debt Financing Surge to $1.2 Billion: Institutional Investors Take the Lead
Debt financing for African startups has surged from less than $300 million in 2021 to $1.2 billion in 2025, marking…
NNPC/Seplat JV Transforms Lives with ‘Eye Can See’ Free Eye Care Programme in Imo
The NNPC/Seplat Joint Venture (JV) has made a remarkable impact on the health and well-being of residents in Imo State…
Nigeria’s Power Sector Reforms Attract $2 Billion Investment, Liabilities Slashed to N146 Billion
Nigeria’s ongoing power sector reforms are yielding tangible results, attracting $2 billion in fresh investment and cutting government liabilities to…
Netflix Raises Subscription Prices Across All Plans in 2026: What Viewers Need to Know
Netflix is raising its subscription prices again, affecting all tiers of its streaming service. The company confirmed to TechCrunch that…
5G Rollout Struggles to Boost Revenue for Mobile Operators in Africa
The rollout of 5G across Africa is making headlines, but mobile operators are finding that faster speeds and more affordable…
CBN Cuts Treasury Bill Rates as Investors Flood Market with N2.7 Trillion Subscriptions
The Central Bank of Nigeria (CBN) reduced stop rates on longer-dated Treasury bills at its 25 March auction, even as…
Nigeria’s Capital Market Key to Closing $100 Billion Infrastructure Gap, Says SEC
Nigeria is actively repositioning its capital market as a central driver for economic growth and infrastructure development, targeting a staggering…
Nigerian Stock Market Hits Historic High as All-Share Index Crosses 200,000 Points
The Nigerian stock market reached an unprecedented milestone on Wednesday as the All-Share Index (ASI) surged past the 200,000-point mark,…