NGX Market Capitalisation Surges to ₦85.5tn on Investor Optimism and Strong Q2 Earnings
The Nigerian Exchange Limited (NGX) experienced significant growth in the first half of 2025, with its market capitalisation rising by…
Category: Business
Chams Corporation Reports 42% Revenue Surge and Strategic Restructuring for Fintech Growth
Chams Holding Company PLC announced a 42% increase in revenue, reaching ₦14.93 billion for the financial year ended 2024. The…
Nigerian Stock Market Surges by N1.81 Trillion in One Week Amid Earnings Season and Yield Drop
The Nigerian stock market maintained its bullish run last week, appreciating by N1.81 trillion as investors responded positively to half-year…
Private Sector Urges Action on Logistics, Security, and Trade Policies as Inflation Persists
Despite a marginal decline in Nigeria’s headline inflation rate for the fourth consecutive month, private sector leaders are raising alarms…
Replicate Naira-for-Crude Success Across Sectors, Says Dangote
Aliko Dangote has called on the Federal Government to expand the Naira-for-Crude policy beyond oil, hailing the initiative as a…
Cashless Surge: Nigerians Push E-Payments to N317.2 Trillion in Q1 2025
Nigeria’s adoption of digital finance continues to surge as electronic payment transactions rose by 24% year-on-year (YoY) to ₦317.2 trillion…
Nigerian Stock Market Gains N69bn Amid Mixed Investor Sentiment
The Nigerian stock market continued its bullish trend during midweek trading, with a total gain of ₦69 billion in market capitalization.…
SIGA to Revamp Performance Contracts in Line with Ghana’s 24-Hour Economy Drive
The State Interests and Governance Authority (SIGA) has announced plans to revise performance contracts for state-owned enterprises to align with…
World Bank Partners with Nigeria on Landmark 90,000km Fiber Optic Project to Boost Broadband Access
The World Bank has announced a major partnership with the Nigerian government to roll out a nationwide 90,000-kilometer fiber optic…
FCMB, ICCN Call for Sustainable Trade Reforms to Boost Nigeria’s Global Competitiveness
First City Monument Bank (FCMB) and the International Chamber of Commerce Nigeria (ICCN) Banking Commission have jointly advocated for sustainable…
Nigeria Slips to Fourth in African Startup Funding as South Africa Dominates H1 2025
South Africa emerged as Africa’s leading startup investment hub in the first half of 2025, securing $344 million in venture…
Nigeria Becomes Net Importer of U.S. Crude Amid Dangote Refinery Surge
For the first time in history, Nigeria imported more crude oil from the United States than it exported, reversing the…
Nigerian Stock Market Inches Higher as Nestle, 29 Stocks Lift NGX Index by 0.08%
Equities on the Nigerian Exchange Limited (NGX) extended their upward momentum on Wednesday, July 24, 2025, with the All-Share Index…
SEC Embraces Quantum and Blockchain to Transform Nigeria’s Capital Market
The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has reaffirmed the Commission’s commitment to leveraging cutting-edge technologies…
UK Businesses Target Africa for Strategic Growth Amid Digital Boom and Market Reforms
A new study by Strategy Management Partners has revealed that Africa is becoming a top priority for UK-based companies looking…
AI-Powered Advertising Set to Drive $3.5 Trillion Boom in Global Media Industry by 2029 – PwC Report
Artificial intelligence is emerging as a major growth engine for the global entertainment and media industry, with revenue projected to…
Asian Markets Surge as Trade Optimism and Corporate Earnings Boost Confidence
Asian stocks rallied on Thursday as growing optimism surrounding trade agreements and strong corporate earnings lifted investor confidence across global…
Microsoft Warns SharePoint Hackers Now Deploying Ransomware Amid Widening U.S. Agency Breaches
A Microsoft blog post released on Wednesday revealed that a hacker group identified as “Storm-2603” has begun using a previously…
11 Nigerian Banks Breach CBN Bad Loan Threshold Amid Risk Reclassification
At least 11 commercial banks in Nigeria surpassed the Central Bank of Nigeria’s (CBN) regulatory ceiling of five percent for…
Dangote Refinery Drives Record U.S. Crude Oil Exports to Nigeria
For the first time in history, the United States became a net exporter of crude oil to Nigeria in February…
Nigeria’s Financial System Stable, Reforms Here to Stay — CBN Governor Cardoso Reassures Investors
Reassurance Amid Global Uncertainty:Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has affirmed the stability and resilience of…
NGX Ends Flat Despite N67bn Market Cap Gain as Trading Volume Slumps
The Nigerian Exchange Limited (NGX) wrapped up Wednesday’s trading session on a muted note, recording a modest gain of N67bn…
Nigeria’s Fintech Week Goes Nationwide: Expanding Innovation Beyond Lagos
The Fintech Association of Nigeria (FinTechNGR) is set to take its flagship event, the Nigerian Fintech Week, beyond Lagos for…
Nigeria’s ICT Sector Fuels Economic Growth with 7.4% Surge in Q1 2025
Nigeria’s Information and Communication Technology (ICT) sector has continued to drive the nation’s economic performance, contributing 10.59% to the country’s…
Global Cyber Attacks Surge 21% in Q2 2025, Education Sector Most Targeted
Global cyber attacks soared by 21% in the second quarter of 2025 compared to the same period in 2024, according…
African Sovereign Wealth Funds Rise as Pillars of Infrastructure and Economic Stability — NSIA CEO
Sovereign wealth funds (SWFs) across Africa are emerging as powerful tools for capital mobilisation, strategic investments, and long-term economic resilience,…
Ghana’s Mining Chamber Urges Government to Cut Growth and Sustainability Levy to 1%
In anticipation of Ghana’s upcoming mid-year budget review, the Ghana Chamber of Mines is advocating for a reduction in the…
Microsoft Under Fire After Incomplete SharePoint Patch Enables Global Cyber Espionage
Microsoft is facing scrutiny after a critical security patch issued for its SharePoint server software failed to fully address a…
Global Stocks Rally as U.S.-Japan Auto Trade Deal Sparks Market Optimism
Global stock markets surged following a breakthrough trade agreement between the United States and Japan, which saw reduced tariffs on…
Nigeria’s ICT Sector Surges 31.63% in Q1 2025, Driven by Broadband, Mobile Growth, and Digital Content Boom
Nigeria’s Information and Communications Technology (ICT) sector posted a significant 31.63% year-on-year nominal GDP growth in Q1 2025, a sharp…