NCC To Spotlight Mobile Virtual Network Investment, Growth Potential At Forum
The Nigerian Communications Commission (NCC) will headline the sixth edition of the Telecom Sector Sustainability Forum (TSSF 6.0), focusing on…
Category: Business
Apple Appeals $587M EU Antitrust Fine Over App Store Restrictions
Apple has officially taken legal action against a €500 million ($587 million) antitrust fine imposed by the European Commission, filing…
Tinubu’s Tax Reforms Set Stage for Nigeria’s Economic Revival — IMPI
The Independent Media and Policy Initiative (IMPI) has hailed President Bola Tinubu’s new tax reforms as a landmark in Nigeria’s…
European Markets Stall as Trump’s Tariff Threats Stir Global Trade Uncertainty
European shares remained largely unchanged on Tuesday, as investors weighed the potential impact of fresh tariff threats from U.S. President…
Naira Gains Slightly as Banks Resume International Use of Naira Cards
The Nigerian naira saw a modest appreciation on Monday across both the official and parallel foreign exchange markets following the…
CBN Temporarily Lifts Cap on Tier-1 Capital to Boost Bank Resilience Until March 2026
The Central Bank of Nigeria (CBN) has announced a temporary removal of caps on the recognition of Additional Tier-1 (AT1)…
Nigerian Stock Market Begins Week Strong with N193bn Gain Amid Renewed Investor Confidence
The Nigerian Exchange Limited (NGX) opened the week on a bullish note, recording a gain of N193 billion in market…
CBN Orders Banks to Submit Capital Restoration Plans as Forbearance Regime Winds Down
The Central Bank of Nigeria (CBN) has mandated all affected banks to submit detailed capital restoration plans as part of…
Nigeria’s Fintech Crisis: Over $200 Million Lost as Startup Failures Surge
Nigeria’s fintech sector, once hailed as a beacon of innovation and investment in Africa, is witnessing an alarming surge in…
Investors Position for Q2 Earnings as NGX Market Capitalisation Surges by N377bn
The Nigerian Exchange (NGX) ended the first trading week of July 2025 on a bullish note, gaining N377.26 billion in…
Naira Poised for Modest Gains as Forex Liquidity Improves, Say Analysts
The Nigerian naira is projected to remain stable and potentially gain value this week, trading between ₦1,500 and ₦1,530 against…
NCC Pushes Solar Energy to Cut Telecoms’ Diesel Dependency and Costs
The Nigerian Communications Commission (NCC) is spearheading a new initiative to promote solar energy adoption within the telecom sector. This…
Sycamore MD: Fintech and AI Can Multiply Nigeria’s Retail Investors Tenfold in 5 Years
Oluwagbenga Magbagbeola, Managing Director of Sycamore Investment and Asset Management, explained the company’s transition from peer-to-peer lending into regulated asset…
Petrol Prices Fall Below ₦900 as Dangote Refinery Slashes Rates Amid Global Oil Dip
Petrol pump prices in Nigeria have dropped below ₦900 per litre, following a ₦40 cut in ex-depot prices by the…
Naira Holds at ₦2,200/£ Despite Weakened British Pound Amid UK Economic Concerns
Despite the British pound entering a correction phase globally, the Nigerian naira has remained stable at ₦2,200/£ on the parallel…
Stakeholders Rally Behind Intra-African Trade to Drive Economic Growth and Industrialisation
Nigeria is intensifying efforts to accelerate the implementation of the African Continental Free Trade Area (AfCFTA) to unlock business opportunities…
Nigeria’s growth rate to hit 4.2% amid improved oil output, business conditions –Report
Nigeria’s economic growth is projected to reach 4.2% in 2025, buoyed by rising crude oil output, improved business confidence, and…
Ghana’s Inflation Drops to 13.7% in June, Marking Six-Month Decline
Ghana’s inflation rate dropped significantly to 13.7% in June 2025, according to new data released by the Ghana Statistical Service…
Telcos Blame NIMC Migration for SIM Service Disruptions, Apologize to Subscribers
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has addressed the recent disruptions in SIM-related services across the country,…
Flutterwave Cuts Workforce in Kenya and South Africa Amid IPO Preparations
Flutterwave, the African fintech giant, has downsized its operations in Kenya and South Africa by laying off approximately 50 percent…
Nigerian Stock Market Surges by N379bn Amid Renewed Investor Optimism
The Nigerian stock market recorded a significant rebound on Tuesday, gaining N379 billion in market capitalisation, thanks to heightened investor…
Nigeria’s ISP Market Shrinks as Economic Crunch Drives Consumers to Mobile Internet
New data from the Nigerian Communications Commission (NCC) reveals that the number of active internet users relying on Internet Service…
Nigeria’s Public Debt Climbs to N149.39 Trillion in Q1 2025, FGN Bonds Dominate Domestic Obligations
Nigeria’s total public debt surged to N149.39 trillion at the end of the first quarter of 2025, marking a N4.72…
More networks, less value: Irony of Nigeria’s telecom landscape
Despite the licensing of over 40 Mobile Virtual Network Operators (MVNOs) by the Nigerian Communications Commission (NCC) since 2022, telecom…
Apple Considers Anthropic and OpenAI to Reinvent Siri with Advanced AI Integration
Apple is in advanced talks with leading artificial intelligence firms Anthropic and OpenAI to potentially integrate their large language models…
Nigeria’s Business Activity Hits 7-Month Low Amid Reforms and Inflation Struggles
Business activity in Nigeria’s private sector weakened in June 2025, hitting its lowest level in seven months, according to Stanbic…
Asian Stocks Dip as Trump Tariff Deadline Looms and Fed Rate Cut Outlook Uncertain
Asian stock markets faltered on Wednesday as global investors navigated a complex mix of looming U.S. tariff deadlines, ambiguous Federal…
Currency in Circulation Hits N5.01 Trillion in May as Cash Outside Banks Grows to N4.63 Trillion
Currency in circulation (CIC) in Nigeria rose slightly to N5.015 trillion in May 2025 from N5.003 trillion in April, according…
Interswitch’s New Campaign Showcases Fintech’s Human Impact Across Africa
Interswitch, a leading digital payments and commerce company in Africa, has launched a new Masterbrand campaign that emphasizes its behind-the-scenes…
Marketers Resist Dangote’s Petrol Price Cut, Maintain High Pump Rates Despite Crude Dip
Despite a recent reduction in the ex-depot petrol price by the Dangote Petroleum Refinery from N880 to N840 per litre,…