NGX Market Capitalisation Surpasses N70 Trillion on Strong Investor Demand for Airtel Africa, Others
The Nigerian Exchange Limited (NGX) saw its market capitalisation cross the N70 trillion mark, driven by strong investor demand for…
Category: Business
Fuel Output Declines by 1.4 Million Liters Daily as Port Harcourt Refinery Begins Scheduled Maintenance
Nigeria’s premium motor spirit (PMS) production has fallen by 1.4 million liters daily following the resumption of maintenance activities at…
NACCIMA President Urges Overhaul of Nigeria’s Investment Agencies to Attract High-Quality Investments
The President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Dele Kelvin Oye, has called…
CBN Launches New Liquidity Tools to Boost Non-Interest Banking Sector
The Central Bank of Nigeria (CBN) has introduced a suite of innovative liquidity management instruments tailored for non-interest financial institutions.…
Turkey Targets $5 Billion Trade Goal with Nigeria, Aims for 500% Increase
Turkey has unveiled ambitious plans to increase its trade volume with Nigeria from the current $1 billion to $5 billion,…
CBN Holds Interest Rate at 27.5%, Analysts Cite Stabilization Amid Persistent Risks
The Central Bank of Nigeria (CBN) concluded its 300th Monetary Policy Committee (MPC) meeting by maintaining the benchmark interest rate…
Nigerian Exchange Rebounds with N540 Billion Market Cap Gain Amid Renewed Investor Optimism
The Nigerian Exchange (NGX) bounced back strongly on Monday, adding N539.98 billion to its market capitalization and reversing losses from…
SEC Approves N3.68 Trillion in New Market Issues Amid Strong Investor Confidence in 2024
The Securities and Exchange Commission (SEC) in Nigeria approved a total of N3.68 trillion in new market issues throughout 2024,…
Brussels Presses EU Firms for U.S. Investment Details Ahead of Crucial Trade Talks
In preparation for high-stakes trade negotiations with Washington, European Union officials have urged major European companies to provide detailed information…
Bank of Ghana Urges Businesses to Use Cedi to Sustain Currency Gains and Calls for Crypto Regulation
The Bank of Ghana has called on businesses operating within the country to conduct transactions in the local currency, the…
Ghana Gains Competitive Edge from U.S. 10% Tariff, Says Ambassador Palmer
Outgoing U.S. Ambassador to Ghana, Virginia Palmer, highlighted that Ghana benefits from recent global tariff changes introduced by the United…
World Bank Pressures Nigeria to Raise Sin Taxes as Loan Condition
The World Bank has urged Nigeria to implement higher excise duties on “sin goods” like alcohol, tobacco, and sugary drinks…
BoG Mandates Banks to Hold Reserves in Original Deposit Currencies from June_Ghana
Starting June 5, 2025, commercial banks in Ghana will be required to maintain their cash reserves in the same currency…
AGI Expects Policy Rate Cut as Economic Conditions Improve
The Association of Ghana Industries (AGI) is anticipating a reduction in Ghana’s policy rate, ahead of the Bank of Ghana’s…
CBN Holds Interest Rate to Curb Inflation, Spur Growth Amid Fragile Economic Gains
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has decided to maintain the benchmark interest rate…
Lagos State to Launch AI Guidelines, Advocate Ethical Investment in $20 Trillion Industry
The Lagos State government has announced plans to release its first set of Artificial Intelligence (AI) guidelines, aiming to foster…
BREAKING: Otedola Invests N320bn in First Bank, Cites Tinubu and Cardoso’s Reforms as Key Drivers
Billionaire investor and Chairman of First Holdco Plc, Femi Otedola, has announced a landmark N320 billion personal investment in First…
Manufacturers, LCCI Clash Over CBN’s 27.5% Interest Rate Policy
The Central Bank of Nigeria’s (CBN) decision to maintain the Monetary Policy Rate (MPR) at 27.5 percent since November 2024…
Telcos battle 33 outages in May
Nigeria’s telecommunications industry experienced 33 major network outages in May 2025, significantly disrupting services across the country. According to data…
With 47.73% Spread, Nigeria Still Far from Attaining 70% Broadband Penetration Target
Despite bold projections by the Nigerian Communications Commission (NCC) to surpass 70% broadband penetration by the end of 2025, recent…
CBN Unveils Draft Standards for Automated AML/CFT Systems to Strengthen Financial Oversight
In a major step toward enhancing Nigeria’s financial security, the Central Bank of Nigeria (CBN) has released a draft document…
Dangote: 52 Kobo of Every Naira in Local Investment Goes to Federal Government
At the 2025 Taraba International Investment Summit (TARAVEST) held in Jalingo, the Chairman of Dangote Group, Alhaji Aliko Dangote, emphasized…
JPMorgan’s Jamie Dimon Warns of Rising U.S. Stagflation Risks Amid Economic Uncertainty
JPMorgan Chase CEO Jamie Dimon has cautioned that the U.S. economy could face the risk of stagflation, a troubling mix…
OpenAI Acquires Jony Ive’s AI Device Startup in $6.5 Billion Deal to Launch Next-Gen Hardware
OpenAI has announced the acquisition of io Products, a hardware startup founded by former Apple design chief Jony Ive, in…
BoG Overhauls Monetary Policy to Spur Growth and Control Inflation-GHANA
The Bank of Ghana (BoG) has initiated a major review of its monetary policy framework, aiming to adopt more dynamic…
Producer Price Inflation in Ghana Drops to 18.5% in April, Signaling Easing Cost Pressures
Ghana’s Producer Price Inflation (PPI) saw a notable drop in April 2025, falling to 18.5% from 24.4% in March, according…
Nigerian Stock Market Sheds N70 Billion Amid Sell Pressure in 27 Stocks
The Nigerian stock market experienced a downturn on Wednesday, with market capitalisation dropping by N70 billion. This decline was attributed…
Naira Strengthens Across Markets, Hits N1,615/$ in Parallel Market
The Nigerian naira appreciated on Wednesday in both the parallel and official foreign exchange markets. In the parallel market, the…
NGX Loses N70bn as Market Reverses Gains Amid Mixed Investor Sentiment
The Nigerian Exchange (NGX) ended Wednesday’s trading session on a negative note, reversing the gains recorded a day earlier. Investors…
Africa’s Digital Surge Sparks Urgent Demand for AI and Cybersecurity Talent – SAP Report
A new SAP report has revealed that Africa’s fast-growing digital economy is fueling an unprecedented demand for artificial intelligence (AI)…