Telcos plan virtual network operators summit
Nigeria’s telecommunications industry is gearing up for a major transformation as the country prepares to host MVNO Nigeria 2025: Unlocking…
Category: Business
Nigeria’s Inflation Rate Eases to 23.7% in April – NBS Report Shows Slight Relief
In a new report released by the National Bureau of Statistics (NBS), Nigeria’s headline inflation rate dropped slightly to 23.71%…
Naira Gains Ground Against Dollar as Forex Liquidity Improves
The Naira continued its recent upward momentum on Wednesday, closing at ₦1,596.70 per US dollar in the official foreign exchange…
European DFIs Invest $80M in BluePeak Fund to Support Africa’s Mid-Market Growth
Four European Development Finance Institutions (EDFIs)—British International Investment (BII), FMO, Swedfund, and the Swiss Investment Fund for Emerging Markets (SIFEM)—have…
Federal Gov’t Unveils $500m Climate Investment Platform, Targeting Sustainable Infrastructure, Economic Growth
The Nigerian government has launched the Nigerian Climate Investment Platform (NCIP), a pioneering initiative aimed at mobilizing up to $500…
Overcoming Challenges in Africa’s Migration Fintech Ecosystem: A Strategic Approach
The migration fintech sector in Africa holds vast potential but faces significant challenges due to varying regulations, infrastructure limitations, and…
Thyssenkrupp Shares Slide, UK GDP Surprises: European Markets React to Earnings and Economic Data
European markets had a rocky session on Thursday, with major indices across the continent trading lower for a second consecutive…
Microsoft’s Teams Unbundling May Help Avoid EU Antitrust Fine
Microsoft is likely to dodge a significant EU antitrust fine after revising how it sells its Office and Teams software…
GUTA President Urges Urgent VAT Reform to Cut Business Costs Ahead of 2025 Budget-GHANA
As someone following Ghana’s business climate closely, I found it striking that the President of the Ghana Union of Traders…
World Bank Flags NNPCL for Withholding Half of Fuel Subsidy Savings
The World Bank has raised a red flag over the Nigerian National Petroleum Company Limited (NNPCL) for remitting only half…
Dangote Refinery Maintenance Spurs Fuel Import Surge as Nigeria Turns to Europe
The recent dip in output from the Dangote Petroleum Refinery has triggered a notable rise in fuel imports across West…
NGX Market Gains N186bn Amid Bullish Sentiment, Consumer Goods and Banking Stocks Lead Rally
Investors at the Nigerian Exchange (NGX) recorded significant gains on Wednesday, May 15, 2025, as market sentiment turned bullish, lifting…
TensorWave Raises $100M to Accelerate AI Infrastructure Growth with AMD-Powered GPU Clusters
Las Vegas-based AI infrastructure startup TensorWave has successfully raised $100 million in a significant Series A funding round, announced on…
NNPC Cuts Petrol Price to ₦910/Litre in Abuja Amidst Dangote’s Market Push
In a move that signals a growing shift in Nigeria’s fuel market dynamics, the Nigerian National Petroleum Company (NNPC) Limited…
Lagos Rakes in Over N1 Trillion in Investments, Sets Sights on 2025 Economic Growth
In a major economic milestone, the Lagos State Government has announced that it attracted over N1 trillion in investments within…
U.S. Stock Futures Steady After Early Week Surge Amid Trade Optimism, Fed in Focus
After a strong start to the week driven by positive economic signals, U.S. stock futures held steady early Wednesday as…
NGX Bounces Back with N314 Billion Gain as Investors Hunt for Bargains
The Nigerian Exchange (NGX) saw a strong rebound yesterday, reversing earlier losses as investors took advantage of bargain opportunities in…
Dangote Refinery Cancels June Maintenance After Emergency Repairs, Ends Petrol Rebate
The Dangote Petroleum Refinery has called off its planned June maintenance for its key gasoline unit, after successfully completing essential…
World Bank Criticizes Nigeria’s Conditional Cash Transfer Program for Failing to Reach Millions
The World Bank has criticized Nigeria’s conditional cash transfer program, launched by the Federal Government in 2023, for failing to…
NGX-ASI up 0.46% on renewed bargains
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) recorded a 0.46 percent increase on Tuesday, signaling renewed investor interest in…
China Lifts Ban on Boeing Deliveries as 90-Day Tariff Truce with U.S. Begins
In a major shift signaling thawing trade relations, China has officially lifted its freeze on accepting Boeing aircraft deliveries. This…
CBN’s Tight Monetary Policy May Cut Inflation to 22.1% in 2025 – World Bank
The World Bank has projected that Nigeria’s inflation rate could drop to an average of 22.1% in 2025, thanks to…
Nigeria’s External Reserves Hit 8-Month Low Amid Foreign Debt Payments and FX Market Interventions
Nigeria’s external reserves have fallen to their lowest levels in eight months, reaching $37.9 billion by the end of April…
Naira Strengthens to ₦1,597.7/$1 at Official Market as CBN Policies Begin to Take Hold
The Nigerian naira gained strength against the US dollar on Monday, closing at ₦1,597.7/$1 in the official foreign exchange market.…
Forex Market Speculators Struggle Amid CBN’s Regulatory Reforms and Strengthened Naira
The Nigerian foreign exchange (forex) market has been facing a major overhaul as the Central Bank of Nigeria (CBN) intensifies…
AI Set to Reshape Nigerian Businesses and Jobs: CEOs Embrace Tech-Driven Growth
The future of work in Nigeria is getting a high-tech upgrade, with artificial intelligence (AI) poised to transform how businesses…
Ghana Cedi Set to Strengthen in 2025, Buoyed by Remittances and Economic Growth – Black Star Advisors
The Ghanaian cedi is expected to appreciate against major international currencies in 2025, marking a potential turning point after more…
Nigeria’s Creative Economy Targets $100 Billion Boost by 2030 – Minister Musawa
The Minister of Art, Culture, Tourism, and the Creative Economy, Hannatu Musawa, has revealed the government’s ambitious plan for the…
Nigeria to Deploy $3 Billion Telecom Infrastructure by June 2025 to Boost Digital Inclusion
Nigeria is set to receive telecommunications infrastructure worth $3 billion by June 2025, according to the Minister of Communications, Innovation…
World Bank Reports Positive Shift in Nigeria’s Economy, Urges Inclusive Growth Strategy
The World Bank has reported a notable improvement in Nigeria’s macroeconomic situation, attributing it to a series of fiscal and…