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Category: Business

Nigeria Economic Society Pushes for Inclusive Growth, Honours Shettima, CBN Governor, and Global Economist Dr. Iyabo Masha
BusinessLocalMacroeconomic

Nigeria Economic Society Pushes for Inclusive Growth, Honours Shettima, CBN Governor, and Global Economist Dr. Iyabo Masha

The Nigeria Economic Society (NES) has emphasized the need for inclusive economic growth as it prepares to honour Vice President…

byEkeminiSeptember 2, 2025September 2, 2025
Dollar Weakens as Gold Hits Record High Amid Fed Rate Cut Speculation
BusinessInternationalMacroeconomic

Dollar Weakens as Gold Hits Record High Amid Fed Rate Cut Speculation

Global financial markets were mixed on Tuesday as the U.S. dollar wobbled near five-week lows and gold surged to a…

byEkeminiSeptember 2, 2025September 2, 2025
European Stocks Hold Steady as Chinese Tech Rally Boosts Market Sentiment
BusinessInternational

European Stocks Hold Steady as Chinese Tech Rally Boosts Market Sentiment

European equities opened the week on a steady note as gains in Chinese technology stocks helped balance pressure from rising…

byEkeminiSeptember 2, 2025September 2, 2025
NGX Opens September with ₦363bn Loss as Market Indices Decline
BusinessLocalStock

NGX Opens September with ₦363bn Loss as Market Indices Decline

The Nigerian Exchange (NGX) began September on a bearish note, with investors losing a total of ₦363 billion in market…

byEkeminiSeptember 2, 2025September 2, 2025
CBN’s $2 Billion FX Forwards Audit: Winners, Losers, and the Future of Nigeria’s Forex Market
BankingBusinessLocal

CBN’s $2 Billion FX Forwards Audit: Winners, Losers, and the Future of Nigeria’s Forex Market

The Central Bank of Nigeria (CBN) has concluded a forensic audit into disputed foreign exchange (FX) forward contracts, uncovering irregularities…

byEkeminiSeptember 2, 2025September 2, 2025
Amid Excess Liquidity in Financial Sector, Banks’ Borrowing from CBN Slumps 28.2% to N2.9tn in August 2025
BusinessLocal

Amid Excess Liquidity in Financial Sector, Banks’ Borrowing from CBN Slumps 28.2% to N2.9tn in August 2025

Amid excess liquidity in the financial sector, banks’ borrowing from the Central Bank of Nigeria (CBN) dropped by 28.2 per…

byEkeminiSeptember 1, 2025September 1, 2025
Naira Holds Steady in Black Market as U.S. Dollar Weakens Amid Global Uncertainty
BusinessLocalMarket

Naira Holds Steady in Black Market as U.S. Dollar Weakens Amid Global Uncertainty

The Nigerian naira remained stable in the black market, trading just below the N1.550/$ range in the first session of…

byEkeminiSeptember 1, 2025September 1, 2025
Nigeria’s Gas Flaring Drops to 7.16% in July 2025 as Gas Production Hits 7.59 BSCFD
BusinessEnergyLocal

Nigeria’s Gas Flaring Drops to 7.16% in July 2025 as Gas Production Hits 7.59 BSCFD

Nigeria recorded a significant energy milestone in July 2025 as gas flaring fell to 7.16%, even as daily gas production…

byEkeminiSeptember 1, 2025September 1, 2025
Dangote Refinery Sources Ghana Crude Amid Production Questions, RFCC Unit Maintenance Reported
BusinessEnergyLocal

Dangote Refinery Sources Ghana Crude Amid Production Questions, RFCC Unit Maintenance Reported

Nigeria’s Dangote Refinery has, for the first time, imported crude oil from Ghana, signaling a shift toward greater supply flexibility…

byEkeminiSeptember 1, 2025September 1, 2025
Meta’s $14.3B Scale AI Partnership Shows Early Strains Amid Talent Departures and Vendor Shifts
BusinessInternationalTechnology

Meta’s $14.3B Scale AI Partnership Shows Early Strains Amid Talent Departures and Vendor Shifts

Meta’s multi-billion-dollar partnership with data-labeling startup Scale AI, launched in June with a $14.3 billion investment, is showing signs of…

byEkeminiSeptember 1, 2025September 1, 2025
India’s Strong GDP Growth Overshadowed by Weak Corporate Earnings and Market Outflows
BusinessInternationalMarket

India’s Strong GDP Growth Overshadowed by Weak Corporate Earnings and Market Outflows

India’s economy recorded robust growth of 7.8% in the April–June quarter of 2025, outpacing global peers. Yet, the country’s equity…

byEkeminiSeptember 1, 2025September 1, 2025
FX Stability, Capital Inflows Push Nigerian Stock Market to N26trn Gain in 8 Months
BusinessLocalMarket

FX Stability, Capital Inflows Push Nigerian Stock Market to N26trn Gain in 8 Months

Nigeria’s stock market recorded a remarkable growth of N26.01 trillion in market capitalisation within the first eight months of 2025,…

byEkeminiSeptember 1, 2025September 1, 2025
Union Bank completes merger with Titan Trust Bank
BankingBusinessFinanceLocal

Union Bank completes merger with Titan Trust Bank

Union Bank of Nigeria has announced the successful completion of its merger with Titan Trust Bank Limited, following final approval…

byEkeminiSeptember 1, 2025September 1, 2025
Naira Strengthens to ₦1,531.57/$ as CBN Interventions and Rising Reserves Bolster FX Market
BusinessLocalMacroeconomic

Naira Strengthens to ₦1,531.57/$ as CBN Interventions and Rising Reserves Bolster FX Market

The Nigerian naira appreciated to ₦1,531.57 per dollar on Friday, marking a 0.23% gain week-on-week in the official foreign exchange…

byEkeminiSeptember 1, 2025September 1, 2025
NGX Revenue Jumps to N24bn on Bank Recapitalisation and New Listings
BusinessLocalMarket

NGX Revenue Jumps to N24bn on Bank Recapitalisation and New Listings

The Nigerian Exchange Group Plc (NGXGROUP) reported a significant revenue growth to N24 billion in the 2024 financial year, boosted…

byEkeminiSeptember 1, 2025September 1, 2025
Ghana Treasury Bills Undersubscribed by 50% as Yields Decline Across All Tenors
BusinessFinanceLocal

Ghana Treasury Bills Undersubscribed by 50% as Yields Decline Across All Tenors

Treasury bill auctions in Ghana continue to struggle with weak investor demand, as the latest primary market results revealed a…

byEkeminiSeptember 1, 2025September 1, 2025
Clearing Agents Urge Customs to Extend Deadline on 905 Overtime Cargoes in Lagos Ports
BusinessEconomyLocal

Clearing Agents Urge Customs to Extend Deadline on 905 Overtime Cargoes in Lagos Ports

Licensed clearing agents have appealed to the Nigeria Customs Service (NCS) to extend its two-week ultimatum for importers to clear…

byEkeminiSeptember 1, 2025September 1, 2025
Nigeria’s Internet Data Usage Hits Record High Despite Falling Subscriptions
BusinessLocalTechnology

Nigeria’s Internet Data Usage Hits Record High Despite Falling Subscriptions

Nigeria’s internet usage has reached a record peak even as millions of subscribers abandon telecom networks due to rising costs.…

byEkeminiSeptember 1, 2025September 1, 2025
Nigerian Bank Customers Decry Failed USSD Transactions, Hidden Charges, and Demand CBN Intervention
BankingBusinessLocal

Nigerian Bank Customers Decry Failed USSD Transactions, Hidden Charges, and Demand CBN Intervention

Bank customers across Nigeria are raising concerns over rising cases of failed transactions and unexplained charges on electronic banking channels,…

byEkeminiSeptember 1, 2025September 1, 2025
Nigeria and Brazil Central Banks Forge Stronger Financial Cooperation to Boost Trade and Stability
BusinessInternationalinvestmentMacroeconomic

Nigeria and Brazil Central Banks Forge Stronger Financial Cooperation to Boost Trade and Stability

The Central Bank of Nigeria (CBN) and the Banco Central do Brasil have pledged to deepen financial and economic cooperation…

byEkeminiSeptember 1, 2025September 1, 2025
Non-Oil Sector Drives Nigeria’s Tax Revenue to N17.4trn in Seven Months, Hits Record Growth
BusinessEnergyLocal

Non-Oil Sector Drives Nigeria’s Tax Revenue to N17.4trn in Seven Months, Hits Record Growth

Nigeria’s diversification efforts are yielding results as the non-oil sector powered tax revenues to N17.4 trillion between January and July 2025, marking…

byEkeminiAugust 29, 2025August 29, 2025
SCOA, RTBRISCOE Lead Gainers as Nigerian All-Share Index Falls 0.49%
BusinessLocalStock

SCOA, RTBRISCOE Lead Gainers as Nigerian All-Share Index Falls 0.49%

The Nigerian Exchange (NGX) closed on a bearish note on Thursday, August 28, as the All-Share Index (ASI) slipped by…

byEkeminiAugust 29, 2025August 29, 2025
Dangote Group Signs $2.5bn Deal to Build Fertiliser Plant in Ethiopia, Holds 60% Stake
AgricultureBusinessInternational

Dangote Group Signs $2.5bn Deal to Build Fertiliser Plant in Ethiopia, Holds 60% Stake

Dangote Group has signed a landmark $2.5 billion agreement with Ethiopian Investment Holdings (EIH) to build a world-class urea fertiliser…

byEkeminiAugust 29, 2025August 29, 2025
Capital Market Leaders Back Tinubu’s Reforms, Urge Firms to List on NGX
BusinessinvestmentLocal

Capital Market Leaders Back Tinubu’s Reforms, Urge Firms to List on NGX

Stakeholders in Nigeria’s capital market have thrown their weight behind President Bola Tinubu’s economic reforms and called on more companies…

byEkeminiAugust 29, 2025August 29, 2025
MTN Ghana CEO Stephen Blewett Elected Chairperson of Ghana Chamber of Telecommunications
BusinessLocal

MTN Ghana CEO Stephen Blewett Elected Chairperson of Ghana Chamber of Telecommunications

The Ghana Chamber of Telecommunications has announced a major leadership transition, with MTN Ghana CEO Stephen Blewett elected as Chairperson of its…

byEkeminiAugust 29, 2025August 29, 2025
Ghana to Begin Licensed Timber Exports to EU in October 2025
BusinessInternational

Ghana to Begin Licensed Timber Exports to EU in October 2025

Ghana has announced that it will officially begin exporting Forest Law Enforcement, Governance and Trade (FLEGT)-licensed timber to the European…

byEkeminiAugust 29, 2025August 29, 2025
Nigerian Banks Face Capital Discipline Tests as CBN’s Forbearance Window Ends in 2025
BankingBusinessLocal

Nigerian Banks Face Capital Discipline Tests as CBN’s Forbearance Window Ends in 2025

Nigeria’s banking sector is approaching a critical juncture as the Central Bank of Nigeria (CBN) prepares to end its regulatory…

byEkeminiAugust 29, 2025August 29, 2025
Nigerian Stock Market Slips to N88.9tn Amid Bearish Trading, Investors Lose N438bn
BusinessFinanceLocal

Nigerian Stock Market Slips to N88.9tn Amid Bearish Trading, Investors Lose N438bn

The Nigerian Exchange closed in the red on Thursday as bearish trading wiped off N438 billion from investors’ wealth, pushing…

byEkeminiAugust 29, 2025August 29, 2025
Nigeria’s Cheap Stocks in 2025: Hidden Bargains or Value Traps?
BusinessinvestmentLocal

Nigeria’s Cheap Stocks in 2025: Hidden Bargains or Value Traps?

Fifteen Nigerian companies across banking, insurance, industrials, and real estate are currently trading below their book value, with an average…

byEkeminiAugust 28, 2025
Dangote Signs $2.5 Billion Deal to Build Fertilizer Plant in Ethiopia
AgricultureBusinessInternationalinvestment

Dangote Signs $2.5 Billion Deal to Build Fertilizer Plant in Ethiopia

Africa’s richest man, Aliko Dangote, has signed a landmark $2.5 billion agreement with the Ethiopian government to build a world-class…

byEkeminiAugust 28, 2025August 28, 2025

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