NCC to Publish Quarterly Telecoms Performance Reports Using Consumer Data
The Nigerian Communications Commission (NCC) has announced plans to begin publishing quarterly reports on telecoms network performance across the country,…
Category: Business
Nigeria GDP Rebasing Highlights Non-Oil Growth, Real Estate Overtakes Oil in Economic Contribution
Nigeria’s latest Gross Domestic Product (GDP) rebasing has revealed a major shift in the country’s growth structure, showing that non-oil…
Ghana Sets Highest Cocoa Farmgate Price in West Africa – COCOBOD Defends Farmers’ Earnings
The Ghana Cocoa Board (COCOBOD) has rejected claims that cocoa farmers in Ghana earn less than their counterparts in Côte…
Bank of Ghana Bans Unsupported Dollar Payouts to Corporates to Stabilize Forex Market
The Bank of Ghana (BoG) has issued a new directive prohibiting banks from allowing large corporates to withdraw foreign currency…
PepsiCo, DP World Invest $20m in Lagos Facility to Boost Nigeria’s Economy and Job Creation
The Federal Government has welcomed a fresh wave of foreign investment as PepsiCo and DP World commissioned a $20 million production…
Nigerian Stock Market Extends Losses as CHAMPION, AUSTINLAZ Lead Gainers Despite 0.73% ASI Drop
The Nigerian Exchange (NGX) extended its losing streak on Wednesday, August 20, 2025, as the All-Share Index (ASI) fell by…
Nigeria Explains Delay in Striking Trade Deal with the United States
Nigeria has explained why it has not yet signed a trade agreement with the United States despite ongoing talks. According…
Nigerian Banks to Raise Extra N900bn in 2025 as Recapitalisation Deadline Nears
Nigerian banks are expected to raise an additional N900 billion in fresh capital by the end of 2025, as lenders race…
Nigeria’s Corporate FX Inflows Surge to $1.2bn in July, Boosting Dollar Liquidity
Nigeria recorded a significant rise in foreign exchange (FX) inflows from corporates in July 2025, providing some relief to the…
DMO to Re-Issue N230bn Treasury Bills as Yields Rise Amid Liquidity Shifts
The Debt Management Office (DMO) has announced plans to re-issue N230 billion worth of Nigerian Treasury Bills (NTBs) at the next primary…
Google Updates Play Store Rules After EU Pressure Under Digital Markets Act
Google has announced changes to its Google Play Store policies in response to mounting pressure from the European Union over…
Tinubu Abolishes 5% Telecom Excise Duty to Reduce Subscriber Costs and Boost Digital Growth
President Bola Tinubu has officially abolished the five per cent excise duty on telecommunications services as part of Nigeria’s new…
Nigeria Content Creators to Explore AI at NEMCEA 2025 Summit in Lagos
Content creators in Nigeria are set to gain fresh insights into the power of artificial intelligence (AI) at this year’s…
European Stocks Slip as Tech Selloff and Inflation Concerns Pressure Markets
European share markets fell on Wednesday, weighed down by a global technology selloff and renewed worries over inflation. The pan-European…
How to Buy the Best Bank Stocks in Nigeria: Tier-1 vs Tier-2 Investment Opportunities on the NGX
Nigerian banks dominate the Nigerian Exchange (NGX) with a market capitalization of over ₦16.28 trillion, making them some of the most…
CBN Unveils Digital Finance Roadmap to Boost Financial Inclusion and Economic Growth in Nigeria
The Central Bank of Nigeria (CBN) has intensified efforts to drive financial inclusion through a comprehensive digital finance strategy aimed…
Ghana Finance Ministry Completes GH¢9.7bn Coupon Payment Under Domestic Debt Exchange Programme
The Ministry of Finance has announced the successful completion of a GH¢9.7 billion coupon payment under the Domestic Debt Exchange…
Nigeria, California Strengthen Investment Ties in Film, Technology, and Renewable Energy
Nigeria has taken another step toward boosting foreign direct investment (FDI) as a California-Africa Climate and Economic Partnership delegation engaged…
Nigeria’s N341tn Oil Reserves Locked in Undeveloped Fields Amid Rising Debt – Report
Nigeria is sitting on over 3.5 billion barrels of undeveloped oil and condensate reserves, valued at approximately N341 trillion, according to a…
European Stocks Edge Higher as Oil Prices Fall on Ukraine Peace Hopes
European shares opened higher on Tuesday while oil prices retreated, as investors weighed fresh diplomatic efforts aimed at ending the…
PenCom Blacklists Seven Mortgage Banks, Suspends RSA-Backed Equity Contributions
The National Pension Commission (PenCom) has suspended the processing of equity contribution applications from seven Primary Mortgage Banks over alleged…
Nigeria Tops Africa’s Stablecoin Market with $22 Billion Transactions in One Year – Report
Nigeria has solidified its position as Africa’s largest stablecoin market, processing nearly $22 billion worth of transactions between July 2023 and…
Dangote Refinery Reshapes Global Fuel Trade as European Plants Face Closure Risks
European refiners are facing mounting pressure as Nigeria’s 650,000 barrels per day (bpd) Dangote refinery ramps up production, slashing the…
SEC to Introduce Forex Trading Guidelines in Ghana to Boost Investor Confidence
The Securities and Exchange Commission (SEC) has announced plans to roll out new regulatory guidelines for forex trading in Ghana,…
Cedi Weakens on Interbank Market as Analysts Warn of Rising Dollar Pressures
The Ghanaian cedi weakened on the interbank market last week, with market analysts warning that near-term pressures against the U.S.…
Naira Weakens Slightly to ₦1,533/$ as CBN Interventions Sustain Market Stability
The Nigerian naira opened the week weaker at ₦1,533.67 per dollar at the official Nigerian Foreign Exchange Market, according to figures published…
OpenAI rolls out cheapest ChatGPT plan at $4.6 in India to chase growth
OpenAI, the developer behind ChatGPT, has unveiled its most affordable subscription plan in India, introducing ChatGPT Go at just ₹399 ($4.57) per…
Accesscorp, MTNN, Others Drive NGX Growth as Market Gains N61bn
The Nigerian Exchange (NGX) kicked off the new trading week on a bullish note as the benchmark All-Share Index (ASI)…
CBN Unveils Digital Roadmap to Boost Financial Inclusion in Nigeria
The Central Bank of Nigeria (CBN) has intensified its push for a digitally empowered economy through a roadmap designed to…
Nigeria Forex Reserves Surpass $40 Billion as Oil Output and Forex Inflows Rise
Nigeria’s Foreign Exchange Reserves Climb Above $40 Billion Mark Nigeria’s foreign exchange reserves have surged past the $40 billion threshold,…