BusinessNigerians hold N4.47 trillion cash outside banks in September as money supply drops
Nigerians held N4.47 trillion in cash outside the banking system in September 2025, despite a contraction in overall money supply,…
Category: Business
Reps Launch Probe into Multiple Bank Charges, Excessive Tax Deductions on Workers’ Incomes
The House of Representatives has set up an ad-hoc committee to investigate widespread complaints over excessive tax deductions and multiple…
Dangote Rejects NNPC Refinery Purchase, Urges Private Investors to Step Up
Africa’s richest man, Aliko Dangote, has dismissed suggestions that he should acquire one of Nigeria’s moribund state-owned refineries, saying he…
Ntel CEO Calls for Fintech-Telco Convergence to Power Nigeria’s Digital Economy
Soji Maurice-Diya, chief executive officer of Nigerian Telecommunications Ltd. (ntel), has called for stronger collaboration between Nigeria’s telecommunications and financial…
CBN May Backtrack on Fixed-Income Market Control as Nigeria Reviews Policy Shift
Nigeria’s plan to let the Central Bank of Nigeria (CBN) take over control of the nation’s fixed-income market may soon…
BVI Court Orders Ex-Seplat Chairman Orjiako to Pay $220 Million in Landmark Debt Enforcement Ruling
In a landmark decision that has sent ripples across international financial and legal communities, the British Virgin Islands (BVI) Commercial…
NAICOM, FRSC Partner to Enforce Third-Party Motor Insurance Nationwide
The National Insurance Commission (NAICOM) and the Federal Road Safety Corps (FRSC) have joined forces to strengthen the enforcement of…
FG Launches Automated Customs Payment System to Revolutionize Parcel Clearance in Nigeria
The Federal Government has unveiled the Nigerian Postal Service (NIPOST) Automated Payment Solution, a digital platform designed to simplify customs…
FG’s $2.5bn investments drive seen lifting dairy farming
President Bola Tinubu has announced that Nigeria has secured $2.5 billion in investments to establish six modern meat-processing factories across…
JUST IN: Eurozone growth beats expectations in third quarter
The eurozone economy grew faster than expected in the third quarter of 2025, official data showed Thursday. The EU’s data…
JUST IN: Tinubu okays 15% import duty on petrol, diesel
President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on imported petrol and diesel,…
What we’re doing to get Nigeria’s refineries back on track — NNPC’s Ojulari
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Engr. Bashir Bayo Ojulari, has…
Bank of Ghana Confident Inflation Will Drop Further by Year-End as Cedi Strengthens
The Bank of Ghana (BoG) is expressing optimism that inflation will continue to fall before the end of 2025, building…
Cooking Gas Price Surge Threatens Nigeria’s Clean Energy Transition Goals
The sharp and persistent surge in cooking gas prices across Nigeria is endangering the country’s clean energy transition agenda. With…
Seplat Energy’s $1.1 Billion Earnings Surge in Nine Months, Driven by Mobil Acquisition
Seplat Energy Plc has delivered one of its strongest financial performances to date, reporting Earnings Before Interest, Taxes, Depreciation, and…
Economists Urge CBN to Introduce ₦10,000 and ₦20,000 Notes to Restore Naira’s Value
Nigeria’s weakening currency may soon require a major policy rethink, as a new report by Quartus Economics has urged the…
European stock markets opened in negative territory on Thursday as investors braced for a packed day of economic updates, major…
World Bank Forecasts Sharp Decline in Global Commodity Prices as Oil Surplus Expands
Global commodity prices are projected to drop to their lowest levels in six years by 2026, extending a four-year slump,…
NGX Group Market Capitalisation Soars 37.7% to ₦141.75 Trillion Amid Rising Investor Confidence
The Nigerian Exchange Group (NGX) has reported a significant 37.7% growth in its market capitalisation, climbing to ₦141.75 trillion as…
NUPRC Urges Bank of America to Prioritize Funding Nigeria’s Oil Sector Growth
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on the Bank of America and other major financial institutions to…
Energy Leaders Push for Policy Harmony to Boost Africa’s Oil and Gas Integration
At the 19th Oil Trading and Logistics (OTL) Africa Downstream Energy Week 2025 in Lagos, regulators and industry leaders across…
FG Secures ₦700 Billion to Deploy 1.1 Million Electricity Meters by December 2025
The Federal Government has announced it has secured about ₦700 billion from the Federation Account Allocation Committee (FAAC) to deploy…
U.S. Stock Futures Hold Steady as Investors Await Fed Rate Cut Decision
U.S. stock futures traded mostly unchanged Tuesday night as investors awaited the Federal Reserve’s key interest rate decision. The Dow…
NGX Group Market Capitalisation Soars 37.7% to ₦141.75 Trillion as Investor Confidence Deepens
The Nigerian Exchange Group (NGX Group) has posted a remarkable 37.7 per cent surge in market capitalisation, rising to ₦141.75…
Nigerian tech graveyard expands as multi-million dollar startups fold
Nigeria’s once-vibrant tech startup scene is witnessing a wave of shutdowns, as several high-profile, venture-backed firms close operations despite having…
‘Operations not affected’ — Nestoil says it’s resolving debt issue with lenders
Nestoil Group says the enforcement action against the company’s asset does not affect operations. Earlier, police sealed off the corporate headquarters…
MTN Fintech Wins Regional Award for Advancing Digital Literacy and Financial Inclusion Across Africa
MTN Group Fintech has achieved a historic milestone by winning the first-ever Regional Platform Business Award at the Y’ello Care…
Ghana’s Banking Sector Profit Surges 46% in 2025, Signaling Strong Economic Recovery
Ghana’s banking sector has recorded an impressive performance in 2025, with profit-after-tax soaring by 46.1% to GH¢9.7 billion in the…
Nigeria Targets $1 Trillion Economy by 2030, Says Minister Bagudu
The Federal Government has reiterated its confidence in achieving President Bola Tinubu’s ambitious goal of transforming Nigeria into a $1…
Nigeria Partners World Bank, Norway to Boost Aquaculture and Fisheries Development
The Federal Government of Nigeria has unveiled plans to collaborate with the World Bank, research institutions, and coastal communities to…