Fuel Prices in Ghana to Rise from September 16: Diesel Up 9.4%, Petrol 4%, LPG 7.6% – COPEC
Ghanaians should brace for another round of fuel price hikes from Tuesday, September 16, 2025, as the second pricing window…
Category: Business
Dangote Group Denies Allegations of Cheaper Petrol Sales in Togo Amid Pricing Dispute with Nigerian Marketers
The Dangote Group has firmly denied accusations that its multibillion-dollar refinery in Nigeria sells petrol to international traders in Togo…
Nigeria Suspends Controversial 4% Import Duty Levy to Ease Trade Pressure
The Federal Government has suspended the controversial four per cent Free on Board (FOB) import duty levy recently introduced by…
Elon Musk buys $1billion worth of Tesla stock
Tesla Inc.’s shares rallied on Monday after CEO Elon Musk bought about $1 billion worth of the company’s stock, his…
Africa’s Fintech Boom Driven by Hidden Infrastructure: How Backend Platforms Like Unipesa Power Cross-Border Growth
Africa’s fintech scene often grabs attention with sleek apps and billion-dollar startups, but the real engine driving this growth lies…
Wema Bank Secures CBN, SEC Approval for N150bn Rights Issue, Surpasses N200bn Capital Requirement
Wema Bank Plc has received regulatory approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission…
Blue-Chip Stocks Drive NGX Market Capitalisation Up by N985 Billion Amid Renewed Investor Confidence
Renewed investor interest in Nigeria’s blue-chip stocks lifted the nation’s equities market capitalisation by a whopping N985 billion last week,…
Nigeria’s Crude Oil Earnings Drop by N3.18tn Despite 12.7% Production Surge
Nigeria’s crude oil export earnings fell sharply by N3.18 trillion in the first half of 2025, even as the country…
Nigeria’s Trade Surplus Jumps 44% in Q2 2025 as Non-Oil Exports and Manufactured Goods Surge
Nigeria’s trade surplus soared by 44.3% in the second quarter of 2025, reaching N7.46 trillion, up from N5.17 trillion in…
Afreximbank, MDGIF Sign $500m Deal to Boost Nigeria’s Gas Infrastructure and Cut Emissions
Nigeria’s gas sector received a major boost at the weekend as the African Export-Import Bank (Afreximbank) and the Midstream and…
FIRS Highlights Benefits of New Tax Reforms to Boost Revenue and Protect Air Travel Sector
The Federal Inland Revenue Service (FIRS) has outlined the key advantages of the Federal Government’s new tax reforms, describing them…
Importers Warn 4% FOB Levy Could Add N4 Trillion to Freight Costs, Fuel Inflation in Nigeria
The Importers Association of Nigeria (IMAN) has raised alarm over the Federal Government’s proposed 4 percent Free-On-Board (FOB) levy on…
COMAC Urges Government to Stabilise Cedi to Prevent Fuel Price Increases in Ghana
The Chamber of Oil Marketing Companies (COMAC) has called on the government to intensify efforts to stabilise the cedi to…
Nigeria SEC to Gradually Adopt ISSB Sustainability Standards to Boost Transparency and Investor Confidence
Nigeria’s Securities and Exchange Commission (SEC) has announced plans to phase in the International Sustainability Standards Board (ISSB) disclosure framework.…
Nigeria Needs 21.9% Annual Growth to Hit $1 Trillion Economy by 2031 — Afrinvest Report
Nigeria would need to achieve an annual economic growth rate of at least 21.9 percent at an exchange rate of…
Nigerian Stock Market Rebounds as Investors Gain N986 Billion Amid Renewed Buying Interest
The Nigerian stock market staged a strong rebound last week, reversing a four-week losing streak and rewarding investors with gains…
Ghana’s T-Bill Auction Misses Target by GH¢2.03bn as Investor Appetite Weakens
Ghana’s government fell short of its Treasury bill target last week, missing the mark by GH¢2.03 billion amid weakening investor…
Dangote Rolls Out 1,000 CNG Trucks to Slash Fuel Prices, IPMAN Mobilises Marketers Across Nigeria
In a major move set to reshape Nigeria’s fuel market, the Dangote Petroleum Refinery on Monday deployed over 1,000 Compressed…
Lagos Residents React to Proposed 5% Fuel Tax: Concerns Over Costs and Transparency
The proposed 5% fuel tax on petrol and diesel has sparked mixed reactions across Lagos, as Nigerians debate the potential…
ISSB-Aligned Sustainability Disclosures to Boost Nigeria’s Capital Market, Lower Costs, and Attract Global Investors
The Securities and Exchange Commission (SEC) has announced that adopting the International Sustainability Standards Board (ISSB) disclosure framework will significantly…
Dangote Refinery Denies NUPENG Allegations, Pledges 60,000 Jobs and Cheaper Fuel in Nigeria’s Energy Transition
Dangote Petroleum Refinery has rejected allegations by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), reaffirming its commitment…
SefRel Shop Champions ‘Buy Nigerian’ Movement to Boost Local E-Commerce and Manufacturing
Nigeria imported goods worth more than ₦60.5 trillion ($40 billion) in 2024, according to the National Bureau of Statistics, with…
African Startups Secure $187 Million in August 2025, Led by South Africa’s Mega Deal
Africa’s startup scene showed remarkable resilience in August 2025, attracting $187.6 million in fresh funding despite a slowdown in global…
Reps Panel Orders Finance Minister Wale Edun to Withdraw 2025 Budget Implementation Document
Nigeria’s House of Representatives Committee on Appropriation has issued a firm directive to Finance and Economy Minister Wale Edun to…
FG Scraps 5% Telecom Tax, Relief for Over 170 Million Subscribers
The Federal Government has officially removed the 5% excise duty on telecommunications services, a move expected to ease financial pressure…
CBN and SEC Approve Wema Bank’s ₦150bn Rights Issue, Pushing Capital Above Regulatory Threshold
Wema Bank Plc has received the green light from both the Central Bank of Nigeria (CBN) and the Securities and…
Guinness, CILEASING, LIVINGTRUST Lead 10% Surge as NGX All-Share Index Gains 0.21%
The Nigerian Exchange (NGX) closed higher on Wednesday, September 11, as the All-Share Index (ASI) climbed 300.49 points to settle…
European Stocks Mixed as U.K. Growth Stalls and Vestas Shares Slide on U.S. Offshore Wind Snub
European markets opened without clear direction on Friday as fresh data showed the U.K. economy stagnated in July. The pan-European…
Nigerian Equities Market Adds ₦191 Billion as Investor Confidence Strengthens
The Nigerian stock market extended its winning streak on Thursday as investors continued to show renewed confidence. The market gained…
Nigeria Achieves Record Drop in Crude Oil Losses to 9,600 Barrels per Day, Says NUPRC
Nigeria’s upstream oil sector has reached a historic milestone, slashing daily crude oil losses to just 9,600 barrels per day…