World Bank Cautions Ghana on Early Eurobond Market Return, Urges Focus on Reforms
The World Bank has strongly advised Ghana’s government against rushing back to the Eurobond market, warning that such a move…
Category: Business
Ghana Treasury Bill Auction Undersubscribed: Government Misses Target by ¢2 Billion Amid Weak Bank Liquidity
Ghana’s government fell short of its Treasury bill (T-bill) target last week, underscoring growing investor caution and tight liquidity within…
Niger Delta Communities Mobilise Petroleum Industry Act Funds for Sustainable Development
Oil-producing communities across the Niger Delta are stepping up efforts to leverage the Petroleum Industry Act (PIA) for rapid and…
Lagos Pledges Ongoing Investment in Digital Infrastructure at GITEX to Drive Nigeria’s Tech Economy
The Lagos State Government has reaffirmed its commitment to sustained investment in digital infrastructure, talent development, and regulatory reforms aimed…
JUST IN: Dangote Refinery reorganises workforce over sabotage, denies mass sack
Dangote Petroleum Refinery and Petrochemicals has announced a sweeping reorganisation of its operations and workforce, saying the move is aimed…
CBN Cuts Interest Rate to 27% to Ease Borrowing Costs for SMEs and Households
The Central Bank of Nigeria (CBN) has lowered its benchmark Monetary Policy Rate (MPR) by 50 basis points to 27…
AMCON Offloads 34% Stake in Unity Bank to Providus Bank Ahead of Landmark Merger
The Asset Management Corporation of Nigeria (AMCON) has sold its entire 34 per cent equity holding in Unity Bank Plc…
Nigeria Records $19.92 Billion in Investment Signals in Q2 2025, Surging 278% from Q1
Nigeria has recorded a remarkable $19.92 billion in investment signals in the second quarter of 2025 (Q2’25), representing a 277.9%…
FGN Launches N200bn 5- and 7-Year Bonds at 17.95% Yield for Investors
The Federal Government of Nigeria (FGN) has opened a fresh investment opportunity, offering N200 billion worth of bonds through its…
Ghana and UK Strengthen Trade Ties: Focus on Agribusiness, Investment, and Infrastructure
Ghana is taking a bold step to boost trade relations with the United Kingdom, following a high-level meeting between Sampson…
Citi Projects Naira to Weaken to ₦1,700/$ by 2026 as CBN Cuts Rates and Oil Prices Fall
The Nigerian naira, which has shown surprising stability throughout 2025, may lose some of its strength next year, according to…
Mastercard Partners with Smile ID to Boost Secure Digital Identity Solutions Across Africa
Mastercard has strengthened its collaboration with Smile ID, a leading African identity verification company, to expand secure digital identity solutions…
Nigerian Equities Market Rebounds as Investors Inject N279bn, Boosting Market Capitalisation
The Nigerian equities market staged a strong comeback on Thursday, reversing earlier losses with a N279 billion boost to market…
UK Courts Ghanaian Businesses to Strengthen Trade Partnerships and Support 24-Hour Economy
The United Kingdom is urging Ghanaian businesses to see the UK as a key gateway for trade and investment, positioning…
Nigeria Breaks 10-Year Oil Investment Drought as Reforms Attract Billions in Fresh Capital
Nigeria’s oil sector is witnessing a revival after a decade of stagnation, as fresh investments pour in following sweeping reforms…
Julius Berger exits agro-processing, leases cashew plant to Eko Organic Foods
Julius Berger Nigeria Plc has announced it is stepping back from direct agro-processing operations by leasing its cashew processing plant…
NUPRC approves sale of TotalEnergies’ stake in OML 118 to SNEPCo, Agip
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given its approval for TotalEnergies EP Nigeria Limited to divest its entire…
First HoldCo Chairman Otedola acquires N1.21 billion direct shares, increases indirect stake
First HoldCo Plc has revealed that its Group Chairman, Mr Olufemi Otedola, a significant shareholder, has increased his stake in…
PenCom Directs PFAs to Report Pension Contributions Above $10,000 to NFIU Within 24 Hours
The National Pension Commission (PenCom) has issued a strict directive requiring all Pension Fund Administrators (PFAs) and Pension Fund Custodians…
US-Nigeria Bilateral Trade Hits $13 Billion in 2024 as Partnerships Deepen
The United States and Nigeria saw their bilateral trade surge to nearly $13 billion in 2024, the U.S. Consul General…
World Bank Urges Bold Reforms to Drive Ghana’s Generational Economic Transformation
The World Bank has called on Ghana to implement urgent economic reforms to secure long-term growth and create more jobs,…
Policymakers, investors meet at Nigeria Fintech Week
Africa’s largest fintech gathering, Nigeria Fintech Week (NFW25), is set to bring together over 20,000 stakeholders, investors, and policymakers from…
NGX Domestic Transactions Hit N5.46tn in Eight Months as Local Investors Dominate Nigerian Equities Market
Domestic transactions on the Nigerian Exchange Limited (NGX) surged to N5.46 trillion in the first eight months of 2025, highlighting…
Dangote Fuel Price Cuts Fail to Reach Lagos and Ogun Motorists as Marketers Hold Steady
Fuel marketers in Lagos, Ogun, and other key Nigerian states have not yet passed on recent petrol price reductions announced…
NNPCL Allocates N318bn to Frontier Oil Exploration Amid Revenue Shortfalls
The Nigerian National Petroleum Company Limited (NNPCL) has secured N318.05 billion between January and August 2025 for frontier oil exploration,…
Dangote Sugar Soars 10% as Nigerian ASI Falls, Fugaz Stocks Drive Market Volume
The Nigerian stock market experienced mixed fortunes on September 24, 2025, as the All-Share Index (ASI) slipped for the fourth…
Naira Abuse Drives Up Printing Costs: CBN Launches Nationwide “Handle with Care” Campaign
The Central Bank of Nigeria (CBN) has sounded the alarm over the rising costs of printing and replacing naira notes,…
FG Blocks TotalEnergies’ $860 Million Nigerian Asset Sale Amid Regulatory Concerns
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has withdrawn its earlier approval for French oil giant TotalEnergies to sell its…
Nigeria’s Finance and Insurance Sector Soars 16.13% in Q2 2025, Driving GDP Growth
Nigeria’s finance and insurance sector experienced a remarkable growth of 16.13% in real terms during the second quarter of 2025,…
MAN Warns Tax Stamp Plan Could Hurt Consumers and Local Manufacturers
The Manufacturers Association of Nigeria (MAN) has raised concerns over the Federal Government’s proposed Tax Stamp System for excisable products,…