Business CBN extends $25,000 weekly forex sales to BDCs Feb 4, 2025 0 The Central Bank of Nigeria (CBN) has announced an extension of the temporary arrangement that allows Bureau de!-->…
Business Oil firms must supply local refineries or lose export permits – NUPRC Feb 4, 2025 0 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a directive compelling oil exploration!-->…
Business Insurers given six months to perfect annuity irregularities Feb 4, 2025 0 The National Insurance Commission (NAICOM) has given life insurance operators six months to fully comply with new!-->…
Business OPEC to monitor oil production compliance as Nigeria eyes 2.7mbpd Feb 4, 2025 0 Nigeria has set an ambitious goal to increase its oil production to 2.7 million barrels per day (bpd) by 2027,!-->…
Business Meta says it may stop development of AI systems it deems too risky Feb 4, 2025 0 Meta’s CEO, Mark Zuckerberg, has committed to one day making artificial general intelligence (AGI) accessible to!-->…
Business Telecom tariff hike: NLC suspends planned nationwide protest Feb 4, 2025 0 The Nigeria Labour Congress (NLC) has suspended its planned nationwide protest, which was set for February 4,!-->…
Business Africa’s Climate Crisis: A Struggle It Didn’t Cause but Can’t Escape Feb 4, 2025 0 Despite contributing just 4% of global carbon emissions, Africa faces the worst consequences of climate change.!-->…
Business FG Clarifies Position on Electricity Tariff Hike, Says N200bn Paid on Subsidy… Feb 4, 2025 0 The Federal Government has denied reports suggesting a 65% increase in electricity tariffs, calling them a!-->…
Business EU to Disburse €150bn to Nigeria, Africa Under Global Gateway Initiative Feb 4, 2025 0 The European Union (EU), through its Global Gateway initiative, has committed €150 billion to be disbursed by 2027!-->…
Business Nigeria’s business confidence rises as PMI hits 52.0 in January 2025 Feb 4, 2025 0 Nigerian businesses have shown resilience in the face of economic challenges, as reflected by the Stanbic IBTC!-->…
Business Naira appreciates to N1,605/$1 in parallel market on Monday Feb 4, 2025 0 The Nigerian naira showed a significant recovery in the parallel market on Monday, appreciating by N5 against the!-->…
Business CBN: Banking stocks surge 9.8% m/m as DMBs ramp up capital raising efforts Feb 4, 2025 0 The Nigerian banking sector has seen a remarkable 9.8% month-on-month surge in banking stocks, driven by the!-->…
investment AVA unveils money market fund Feb 4, 2025 0 AVA Global Asset Managers Limited (AVA GAM) has launched its Money Market Fund, which has been approved by the!-->…
Business Stock Market Gains N83bn on Demand for MTN, 20 Others Feb 4, 2025 0 The Nigerian Exchange Limited (NGX) opened the new week with a positive market performance, recording an N83!-->…
Business CBN Reaffirms Commitment to Empower Nigerian Youth Through Credit Policies and… Feb 4, 2025 0 The Central Bank of Nigeria (CBN) has reaffirmed its dedication to empowering Nigerian youth by enhancing credit!-->…
Business Nigeria Launches FX Code to Transform Foreign Exchange Market with Integrity and… Feb 4, 2025 0 Nigeria has officially launched the Nigeria Foreign Exchange (FX) Code on January 28, 2025, marking a major!-->…
Business Trump Pauses Tariffs on Mexico and Canada, Maintains Pressure on China Feb 4, 2025 0 U.S. President Donald Trump has agreed to delay imposing tariffs on Mexico and Canada for 30 days. The decision!-->…
Business Nigeria Urged to Adopt Asset-Based Financing for Economic Growth Feb 4, 2025 0 As Nigeria aims to grow its economy to $1 trillion by 2030, experts have advised the Federal Government (FG) to!-->…
Finance FCMB Group Lists 19.8 Billion Shares on NGX Following Oversubscribed Public Offer Feb 4, 2025 0 FCMB Group Plc has successfully listed 19.8 billion shares on the Nigerian Exchange Group (NGX) after a highly!-->…
Business APD 2025: Jinapor pushes for bold energy sector reforms-GHANA Feb 3, 2025 0 The Minister of Energy and Green Transition for Ghana, John Jinapor, highlighted the persistent issue of!-->…
International Mahama nominates Dr. Johnson Asiamah as BoG Governor-GHANA Feb 3, 2025 0 President John Dramani Mahama has nominated Dr. Johnson Asiamah as the new Governor of the Bank of Ghana, pending!-->…
Business Cautious Optimism as Nigeria Lifts Zamfara Mining Ban Amid Rising Gold Demand Feb 3, 2025 0 The Federal Government of Nigeria has lifted the five-year ban on mining activities in Zamfara State, a region!-->…
Finance PTAD Clears N1.18bn in Pension Arrears Amid Ongoing Retiree Concerns Feb 3, 2025 0 The Pension Transitional Arrangement Directorate (PTAD) has disbursed N1.18bn in pension arrears over the past!-->…
Business Mobile money: Palmpay, OPay, others process N71.5 trillion transactions in 2024 Feb 3, 2025 0 Mobile money transactions in Nigeria have experienced remarkable growth, with the latest data from the Nigeria!-->…
Business Chinese AI app DeepSeek was downloaded by millions. Deleting it might come next Feb 3, 2025 0 DeepSeek, a generative AI app from China, has surged to become the most downloaded free app on Apple's App Store,!-->…
Business Implications of rebasing Nigeria’s CPI to 2024: A double-edged sword Feb 3, 2025 0 Nigeria has rebased its Consumer Price Index (CPI) to 2024, significantly affecting how inflation is measured.!-->…
Business ABCON seeks review of capital requirements for BDCs Feb 3, 2025 0 The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to!-->…
Business Trump Tariffs: Nigeria one of 48 countries that has trade deficits with the US Feb 3, 2025 0 Nigeria is among 48 countries with a trade deficit with the United States, which has significant economic ties!-->…
Business CBN Reports Record N9.39tn Bank Deposits In January Amid Surging Liquidity Feb 3, 2025 0 In January 2025, Deposit Money Banks (DMBs) in Nigeria deposited a record N9.39 trillion in excess liquidity with!-->…
Business Asia-Pacific Markets Fall as Trump Imposes Sweeping Tariffs on Key Trade Partners Feb 3, 2025 0 Asia-Pacific markets experienced significant losses on Monday following the announcement by U.S. President Donald!-->…