FG Gazettes Nigeria’s New Tax Reform Laws, Exempts Small Businesses and Cuts Corporate Tax
The Federal Government has officially published Nigeria’s sweeping new tax reform laws in the national gazette, signaling one of the…
Category: Business
Nigeria Must Grow GDP by 22% and Stabilise FX to Achieve $1 Trillion Economy by 2031 – Afrinvest Report
Nigeria will need to sustain an annual GDP growth rate of about 22 per cent and maintain a stable exchange…
NAICOM Orders Insurers to Submit 2024 Capital Compliance Status Under New Minimum Capital Requirement Guidelines
The National Insurance Commission (NAICOM) has issued fresh guidelines directing insurance and reinsurance companies in Nigeria to submit their compliance…
Afreximbank Unveils $1 Billion African Trade & Distribution Firm to Boost Value-Added Exports
The African Export-Import Bank (Afreximbank) has launched a landmark initiative aimed at transforming the way Africa trades its commodities. With…
Nigeria’s Finance Minister Claims 80% 2024 Budget Execution as 2025 Implementation Stalls Over Procurement Hurdles
With less than four months to the end of the fiscal year, Nigeria’s Federal Government says it has executed 80…
CBN Launches Payments System Vision 2028 to Boost Financial Inclusion, Digital Innovation, and Secure Transactions
The Central Bank of Nigeria (CBN) has unveiled its ambitious Nigeria Payments System Vision 2028 (PSV 2028), a strategic framework…
Kering Shares Rise 2% as Gucci Owner Delays Valentino Acquisition to 2028 Amid Mixed European Markets
European markets opened Thursday on a mixed note as investors awaited fresh guidance from the European Central Bank (ECB). The…
Nigerian Defence Academy Cadets Urged to Embrace Capital Market Investments for Long-Term Financial Security
Graduating cadets of the Nigerian Defence Academy (NDA) have been advised to adopt early and sustained investment habits in Nigeria’s…
Agusto & Co Upgrades Heirs Insurance Group Ratings to ‘A1’, Highlighting Strong Growth and Stability
Nigeria’s leading credit rating agency, Agusto & Co., has upgraded the ratings of Heirs Insurance Group’s life and general insurance…
SEC Urges Nigerian Insurers to Tap Capital Market for Recapitalisation Funds
The Securities and Exchange Commission (SEC) has called on Nigerian insurance companies to seize opportunities in the capital market to…
Zara Owner Inditex Stock Jumps 7% as Strong Autumn/Winter Sales Reassure Investors
European markets opened higher on Wednesday, buoyed by fresh earnings updates, inflation data, and global trade news. The pan-European Stoxx…
Nigeria’s Telecom Industry Faces Critical Skills Shortage as Operators Push for Training Reforms
Nigeria’s telecommunications industry is sounding the alarm over a deepening skills gap that threatens its growth and ability to deliver…
Nigeria’s Battle Against Inflation: How CBN’s Tough Policies Are Easing Economic Pressures
Nigeria’s economy has long faced headwinds ranging from corruption and insecurity to poor infrastructure and heavy dependence on imports. But…
Nigerian Bond Market Stays Flat as Investors Hold Positions at 16.97% Yield
The Nigerian bond market closed quietly on Tuesday as investors maintained a cautious stance, leaving the average yield unchanged at…
Senate Urges CBN to Extend Loan Forbearance Deadline to Protect Investors
The Senate has called on the Central Bank of Nigeria (CBN) to extend the deadline for banks to end loan…
Guinea Insurance Premium Soars to N2.94bn as Shareholders Back Recapitalisation Plan
Guinea Insurance Plc has reported strong financial growth for 2024, with Gross Premium Written rising by 35.6 percent to N2.94…
Tinubu Launches Energy Reforms to End Power Crisis in Nigerian Hospitals
President Bola Ahmed Tinubu has unveiled a comprehensive energy reform plan designed to end the recurring power supply crisis in…
Chinese Firm Fuhai Energy to Invest $2.1 Billion in Bauchi Petrochemical Hub, Promising 50,000 Jobs
A major investment deal is set to transform Bauchi State’s economy, as Chinese company Fuhai Energy Group Company Limited has…
Asia Markets Rally on Wall Street Gains and Fed Rate-Cut Hopes; South Korea’s Kospi Hits Record High
Asia-Pacific markets climbed on Wednesday, following Wall Street’s strong performance as investors anticipated a potential Federal Reserve rate cut. Optimism…
Rising Nigerian T-Bill Yields Signal New Opportunities for Investors Amid Inflation Drop
Investors are seeing a shift in Nigeria’s fixed-income market as Treasury bill (T-Bill) yields rise for the third consecutive auction.…
CBN Schedules MPC Meeting for September 22: Investors Eye Interest Rate Decisions Amid Stable Naira
The Central Bank of Nigeria (CBN) has announced that its 302nd Monetary Policy Committee (MPC) meeting will take place later…
Ghanaian Businesses Gain Affordable Cybersecurity with Africa’s First Monthly SIEM Subscription Service
Ghanaian businesses now have access to Africa’s first monthly subscription-based Security Information and Event Management (SIEM) service, thanks to a…
NGX Extends Bullish Run with N254bn Gain as Banking and Insurance Stocks Drive Market
The Nigerian Exchange (NGX) sustained its bullish momentum on Tuesday, as investors’ strong interest in banking and insurance stocks lifted…
Renewed Hope Housing Programme: FG Tackles Nigeria’s 17 Million Housing Deficit with N70bn Investment and PPPs
Nigeria’s housing landscape is undergoing a transformative shift under the Renewed Hope Housing Programme, a flagship initiative by President Bola…
Netskope Joins Rare Cybersecurity IPO Wave After Rubrik, Backed by Lightspeed Venture Partners
The cybersecurity sector is gearing up for another rare Wall Street debut as Netskope, a cloud security platform, prepares to…
Nigeria Leads in AI Adoption at 93% While Strengthening Privacy, Zoho Report Reveals
Artificial intelligence (AI) is becoming a defining feature of Nigerian business, with a staggering 93% of organisations already adopting AI…
Investors Lose ₦823bn as Bearish Sentiment Deepens on NGX
The Nigerian Exchange Limited (NGX) extended its losing streak last week as investors’ wealth dropped by ₦823 billion amid waning…
₦190bn Unclaimed Dividends: NOA Urges Nigerians to Reclaim Forgotten Stock Market Earnings
The National Orientation Agency (NOA) has called on Nigerians to reclaim their unclaimed dividends, revealing that over ₦190 billion remains…
Global Stocks Rally as Dollar Weakens Amid Political Uncertainty in Argentina, Japan, and Europe
Global stock markets started the week on a positive note as the U.S. dollar slipped broadly, giving investors a boost…
AI Driving Scalability and Innovation in African Enterprises, Experts Say
Artificial Intelligence (AI) is no longer a futuristic buzzword but a transformative force shaping how African enterprises operate and expand.…