Tariff Hike Forces 2.4 Million Nigerians Off Internet Despite Rising Data Usage
A sharp 50 percent tariff hike on telecom services has triggered a significant decline in Nigeria’s mobile and internet subscriptions,…
Category: Business
NESG Urges FG to Prioritize Economic Stabilization, Productivity, and Job Creation
The Nigerian Economic Summit Group (NESG) has advised the Federal Government to focus on three key priorities to sustain Nigeria’s…
AI giant Nvidia beats earnings expectations but shares fall
US-based chipmaker Nvidia reported stronger-than-expected earnings for its latest quarter, but investor sentiment cooled as concerns grew over slowing sales in China…
Nigeria’s High Interest Rates Drive Surge in Short-Term Corporate Borrowing
Nigerian companies are increasingly turning to short-term debt instruments to navigate soaring borrowing costs fueled by record-high interest rates. Firms…
Naira Rebounds as Nigeria’s Foreign Reserves Hit $41.2 Billion, Boosting Investor Confidence
The naira regained strength on Wednesday after two days of marginal losses, supported by Nigeria’s external reserves crossing the $41…
European Markets Open Higher as Nvidia Earnings Boost Sentiment; Drax Shares Plunge 11% on UK Probe
European stock markets opened higher on Thursday, lifted by strong earnings from U.S. tech giant Nvidia, even as investors weighed…
Experts Call for AI and Technology Adoption to Boost Nigeria’s Economic Diversification
Technology and economic experts have urged Nigeria to accelerate the adoption of Artificial Intelligence (AI) and digital innovation as a…
BREAKING: Access Holdings appoints Innocent Ike as new GMD/CEO as Aig-Imoukhuede consolidates control
Access Holdings Plc has confirmed the appointment of Mr. Innocent Ike as its substantive Group Managing Director and Chief Executive…
Nigeria-Guangxi Trade Surges to $320 Million in 2024, Strengthening China-Nigeria Ties
Nigeria’s trade with China’s Guangxi region climbed to $320 million in 2024, marking a significant 21% growth year-on-year. The development was…
Nigerian Stock Market Dips as Cornerstone, RT Briscoe Lead Losers Amid N324bn Decline
The Nigerian stock market closed on a negative note on Thursday, shedding N324 billion in market capitalization after the benchmark All-Share Index…
Capital Markets Key to Boosting Nigeria–Brazil Trade and Investment, Says NGX Boss
The Nigerian Exchange Group (NGX) has emphasized that capital markets will be instrumental in driving trade and investment between Nigeria…
Nigeria Targets 20% GDP Boost Through AI and Digital Innovation, Says NITDA
The Federal Government of Nigeria has reaffirmed its commitment to leveraging artificial intelligence (AI) and digital innovation as key drivers…
BoG Enforces New Forex Rules: Importers, Exporters Urged to Use Credit Cards for Overseas Transactions
The Importers and Exporters Association of Ghana has urged its members to adopt credit or Visa cards for international transactions…
IMF Urges Governments to Boost Debt Transparency to Lower Borrowing Costs
The International Monetary Fund (IMF) has called on governments worldwide to strengthen debt transparency to restore investor confidence and reduce…
Stock Futures Flat as Investors Await Nvidia Earnings: AI Demand Fuels Market Optimism
Stock futures were little changed on Wednesday as Wall Street awaited Nvidia’s highly anticipated earnings report, a potential turning point…
Nigeria Faces 18.9% Oil Production Deficit, Missing 2025 Budget Target by 82.5 Million Barrels
Seven months into the 2025 fiscal year, Nigeria’s crude oil output has fallen short of projections by 82.46 million barrels,…
Naira Falls to N1,550/$ in Parallel Market as FX Gap Widens
The Naira weakened further on Tuesday, sliding to N1,550 per dollar in the parallel market, down from N1,540 recorded on Monday.…
Kaduna Governor Hails $30 Billion Investment Opportunities from Tinubu’s Brazil State Visit
Kaduna State Governor Uba Sani has praised President Bola Tinubu’s recent state visit to Brazil as a transformative step for…
Nigeria’s Stock Market Surges: Local Investors Drive N1.81 Trillion FPI Boom in July 2025
Nigeria’s stock market witnessed a remarkable surge in July 2025, with foreign portfolio investment (FPI) hitting N1.81 trillion, more than…
Asian Stocks Slide Amid Trump’s Fed Shakeup and Chip Export Threats
Asian stocks fell on Tuesday as investors reacted to a series of market-altering announcements from US President Donald Trump, including…
French Stocks Tumble as Bayrou Faces No-Confidence Threat Amid Budget Clash
French stocks fell sharply on Tuesday as political uncertainty gripped Paris ahead of a critical no-confidence vote next month. The CAC…
Stockbrokers Call for Capital Market Reforms to Achieve Nigeria’s $1 Trillion Economy Goal
The Chartered Institute of Stockbrokers (CIS) has urged the Federal Government to implement comprehensive capital market reforms as part of…
Meta Expands Africa’s Digital Infrastructure with New Data Centers and 2Africa Cable Investment
Meta is intensifying its efforts to boost Africa’s digital transformation through major investments in data centers and subsea cable projects.…
First Fund Customers Threaten Protest Over GH¢170m Locked Funds After Six-Year Delay-Ghana
Aggrieved investors of First Fund, a scheme formerly managed by the defunct First Banc Financial Services, have issued a two-week…
Ghana Attracts $652 Million in Investments in 2024 Despite 5% FDI Decline
Ghana secured $651.7 million in investments in 2024, reflecting resilience in its investment climate despite a 5% year-on-year dip in…
Banks’ Cash Deposits with CBN Drop 41.6% as Borrowing Hits ₦820bn Amid Tight Liquidity
Nigeria’s banking sector experienced a dramatic liquidity shift last week as commercial banks slashed excess cash deposits with the Central…
US Records $576 Million Trade Surplus with Nigeria in 2025 as Exports Surge, Imports Decline
The United States swung to a $576 million trade surplus with Nigeria in the first half of 2025, marking a sharp turnaround…
Dangote Refinery Fuel Rollout Stalled as FG, Marketers Clash Over CNG Logistics Plan
The planned nationwide rollout of petroleum products by Dangote Petroleum Refinery has hit a major setback following a deadlock between…
European Markets Set for Lower Open Amid Trump-Fed Clash and French Budget Uncertainty
European stock futures are pointing to a weaker open on Tuesday as investors react to heightened global political tensions. Markets…
NGX Dividend Drought: 45 Companies Go Five Years Without Payouts
Forty-five of the 146 companies listed on the Nigerian Exchange Limited (NGX) have not paid dividends in at least five…