Browsing Category
Business
MTN Leads Market Rally as Nigerian Stocks Gain N694 Billion
Equities on the Nigerian Stock Exchange rebounded strongly yesterday, led by gains in MTN Nigeria Communications…
Nigerian Equity Market Rebounds with N694 Billion Gain as Investors Return
The Nigerian equity market staged a strong rebound on Thursday, recovering N694 billion after a week of losses as…
Naira Holds Steady at N1,950/£1 as British Pound Faces Economic Pressure
The Nigerian naira has shown resilience against the British pound, trading at N1,950/£1 in the official market.…
CBN Tightens Oversight as Nigerian Banks Boost Capital to Strengthen Financial…
Nigerian banks are stepping up their capital base as the Central Bank of Nigeria (CBN) enforces stricter oversight…
AI Key to Unlocking Africa’s $3.4tn AfCFTA Market, Experts Say
Artificial intelligence (AI) is set to be the driving force behind the African Continental Free Trade Area…
Nigeria’s Trade Surplus Hits N6.69tn in Q3 2025 as Exports Outpace Imports
Nigeria posted a trade surplus of N6.69 trillion in the third quarter of 2025, reflecting a 27.29% year-on-year…
European Markets Rise as Swiss Central Bank Holds Rates at 0% Amid Cooling…
European stocks closed higher on Thursday as investors weighed the U.S. Federal Reserve’s latest rate cut and the…
Nigeria’s Oil Output Rises by 35,000 bpd in November as Production Recovery…
Nigeria recorded one of its strongest month-on-month production boosts in 2025, as crude output climbed to 1.436…
Reps Push Major Reforms to Strengthen Transparency and Oversight at CBN
The House of Representatives has begun formal steps to overhaul the Central Bank of Nigeria (CBN) Act, seeking…
Dangote Refinery Receives Second Ghana Crude Shipment as Maintenance Cuts Intake
The Dangote Petroleum Refinery has received its second crude oil shipment from Ghana, strengthening its shift…
Non-Interest Banking in Ghana: BoG Requires 60% Foreign Currency Capital for…
The Bank of Ghana (BoG) has unveiled a new regulatory framework aimed at tightening oversight of the country’s…
FCMB Asset Management Upgraded to A(IM) Rating by Agusto & Co., Strengthening…
FCMB Asset Management Limited (FCMBAM), the asset management arm of FCMB Group Plc, has received a significant…
FG Captures N4tn Power Sector Bond in MTEF to Boost Investor Confidence
The Federal Government has announced that the newly launched N4tn power sector liquidity bond, designed to settle…
Modern Infrastructure Key to Nigeria’s AI Leadership, Says Schneider Electric
Schneider Electric has emphasized that the next era of global artificial intelligence (AI) leadership will be…
Pension Fund Assets Rise to N26.66 Trillion as PenCom Cracks Down on Defaulters
Nigeria’s total pension fund assets under the Contributory Pension Scheme (CPS) increased by 2.2% month-on-month to…
Dangote Refinery Boosts Petrol Supply by 38% Amid Rising Imports
Nigeria’s domestic petrol supply saw a significant boost in November 2025, with the Dangote Refinery contributing…
Bank of Ghana Urges Fintechs to Strengthen Compliance, Consumer Protection, and…
The Bank of Ghana (BoG) has called on fintech companies, mobile money operators, and financial institutions to…
Nigerian Stock Market Dips 0.05% as JAPAULGOLD and Mid-Cap Stocks Rally
The Nigerian stock market closed slightly lower on December 10, 2025, with the All-Share Index (ASI) dipping 0.05%…
Nigeria’s Petrol Consumption Drops to 52.9 Million Litres in November Amid Rising…
Nigeria’s petrol consumption declined to 52.9 million litres per day in November, signaling a slight slowdown in…
Nigeria and China Strengthen Agricultural Partnership with $200M Poultry Project
Nigeria is taking a major step toward transforming its agricultural sector as a high-level delegation led by Kaduna…
Nigeria, France Seal Tax Administration Deal to Power Digital Reforms Ahead of…
Nigeria has taken another major step toward modernising its tax system as the Federal Government signed a…
CBN Caps Cash Payments for PTA/BTA at 25% Under New Forex Rules
The Central Bank of Nigeria (CBN) has announced a new policy limiting cash payouts for Personal Travel Allowance…
European Markets Struggle to Gain Momentum as Fed Rate Cut Fails to Lift Global…
European markets are poised for a muted open on Thursday as investors sift through the U.S. Federal Reserve’s…
Nigeria Sees Petrol Import Surge as NNPC Leads 1.56bn-Litre Supply Rebound in…
Nigeria’s petrol supply landscape shifted sharply in November as the Nigerian National Petroleum Company Limited…
CBN Revokes Licences of Non-Compliant BDCs After New Rules Deadline
The Central Bank of Nigeria has formally revoked the licences of all legacy Bureau De Change operators that failed…
NGX Lists Chams HoldCo’s N3.66bn Shares to Boost Digital Payment Expansion
The Nigerian Exchange Limited (NGX) has officially admitted 1.955 billion ordinary shares of Chams Holding Company…
FG, SEC, NGX Group Align on Capital Gains Tax Reform for Market-Friendly Rollout
The Federal Government (FG) has taken a significant step toward a more predictable and market-friendly…
PenCom Recovers N32 Billion from Defaulting Employers, Strengthens Pension…
The National Pension Commission (PenCom) has successfully recovered N32.27 billion from employers who failed to…
Heirs Energies, NNPC Partner to Monetise 180mmscf/d of Flared Gas by 2026
Heirs Energies and the Nigerian National Petroleum Company Limited (NNPC) have signed landmark agreements with five…
Esso E&P Reaffirms Commitment to Nigeria’s Energy Security Amid Policy Shifts
Esso Exploration and Production Nigeria Deepwater Limited (Esso E&P), an affiliate of ExxonMobil Corporation,…