Christabel Onyejekwe Appointed Chairperson of Africa Prudential as Board Reshuffles Leadership
Christabel Onyejekwe has officially been named the new Chairperson of Africa Prudential Plc, marking a significant leadership transition for the…
Category: Business
Turning Trade Tensions into Opportunity: How Nigeria Can Leverage Global Shifts for Economic Growth
With the ongoing trade rift between the US and several countries—including Nigeria—the Chartered Institute of Directors (CIoD) believes there’s a…
Naira Weakens Slightly to N1,604/$1 in Official Market, Stakeholders Optimistic About Stability
The naira closed at N1,604 to the dollar on Tuesday, slightly weaker from the previous day’s N1,599. The official market…
Nigeria-China Currency Swap at Risk as Trade Imbalance Widens — CBN Warns
The Central Bank of Nigeria (CBN) has expressed concern that the persistent trade imbalance between Nigeria and China is threatening…
Banking Stocks Drag NGX Down as Investors Lose N445bn in One Day
The Nigerian Exchange (NGX) took a significant hit on Wednesday, April 16, reversing the previous day’s modest rebound. The All-Share…
Naira Stabilizes as FX Market Liquidity Improves, Dollar Rate Inches Down
The Nigerian naira remained stable on Tuesday at the official foreign exchange (FX) market, closing slightly stronger against the dollar.…
Local Investors Take the Lead in Africa’s Evolving Startup Funding Landscape
Africa’s startup funding scene is shifting in a big way, with local investors stepping up more than ever. In 2024,…
Dangote Refinery Slashes Petrol Ex-Depot Price to N835 Amid Global Crude Dip
Dangote Petroleum Refinery has once again brought some relief to the downstream oil sector by cutting the ex-depot price of…
AEW 2025 Sets Stage for Africa’s $43bn Energy Boom, Focuses on Transition and Investment
The African Energy Week (AEW) has officially launched its 2025 conference, marking a pivotal moment in Africa’s energy future. Capital…
Nigerian Exporters Urged to Adopt Self-Sustaining Forex Strategies to Reduce CBN Dependence
Nigerian exporters have been advised to reduce their reliance on the Central Bank of Nigeria (CBN) for foreign exchange by…
World Bank Applauds Nigeria’s Strong GDP Growth, Urges Continued Economic Reforms
The World Bank has praised Nigeria’s recent economic progress, specifically its 3.4% GDP growth in 2024, the strongest since 2014.…
SEC, SMEDAN Partner to Enhance SME Financing through Capital Market
The Securities and Exchange Commission (SEC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have formed a…
Frustration grows amid prolonged network glitch
Since the federal government approved a 50% tariff hike in January 2025 to supposedly improve telecom services, Nigerians have been…
Nigeria’s Inflation Climbs to 24.23% as Cost of Healthy Diet Doubles — NBS Report
Nigeria’s inflation rate has surged yet again, hitting 24.23% in March 2025, according to fresh data from the National Bureau…
Nigeria and Sweden Launch EPICENTRE Innovation Hub to Boost Green, Digital Transformation
Nigeria is taking a big step toward a more sustainable, tech-driven future through a new partnership between 21st Century Technologies…
Nigeria reaffirms strong ties with US amid global uncertainty
Nigeria’s Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, has emphasized the country’s unwavering commitment to its long-standing strategic…
Analysts Predict Temporary Easing of Inflation in April Amidst Economic Pressures
Economic analysts are cautiously optimistic that Nigeria could see some easing in inflation for April 2025, despite the lingering macroeconomic…
Africa Sees 14% Surge in Spyware Attacks Amid Rising Cyber Threats — Kaspersky
Africa witnessed a 14% year-on-year increase in spyware detections targeting businesses between 2023 and 2024, according to new data from…
Stock Market Close Lower on Profit-taking in Nestle Nigeria, 23 Others
The Nigerian stock market kicked off the week on a slight downturn as investors cashed out on gains from Nestle…
Trump’s Tariff War and Global Trade: A Push for Responsible Governance
In a recent debate on global trade and governance, economist Jeffrey Sachs criticized the U.S. administration’s approach to tariffs and…
CBN Advocates for Stronger Banks to Achieve $1 Trillion Economy by 2030
The Central Bank of Nigeria (CBN) has emphasized the need for resilient and stable banks in achieving the nation’s $1…
Declining Oil Production Threatens Nigeria’s Fiscal Stability and Dollar Earnings
Nigeria’s fiscal stability is under increasing pressure as the country’s crude oil production dropped to its lowest level in 2025.…
GNCCI Warns Ghana’s 2025 Inflation Target at Risk Due to Rising Costs and Policy Hikes
The Ghana National Chamber of Commerce and Industry (GNCCI) has raised concerns that the country’s 2025 inflation target of 11.9%…
Firm secures funding to promote AI
The Kayode Alabi Leadership and Career Initiative (KLCI) has received N75 million in cloud credits from Amazon Web Services (AWS)…
CBN Warns Banks Against Illicit Funds Amid Recapitalisation Drive
The Central Bank of Nigeria (CBN) has issued a strong warning to deposit money banks against sourcing capital from illicit…
Entrepreneurs Applaud FCMB’s BEST Programme for Boosting Business Growth
First City Monument Bank (FCMB) is receiving widespread praise for its recent Business Empowerment, Sustainability and Training (BEST) Masterclass, which…
Nigeria’s Oil Production Hits 2025 Low, Threatening Budget and Economic Stability
Nigeria’s oil production has dropped to its lowest level in 2025, raising concerns over the country’s economic outlook and ability…
Banks and Manufacturers Overcome Economic Challenges to Post Impressive Profits and Dividends in 2024
Despite Nigeria’s economic struggles, including high inflation, a depreciating naira, and rising interest rates, both banks and manufacturing companies have…
Afriland Properties Approves N865.5m Dividend as 2024 Profits Surge
Afriland Properties Plc has received shareholder approval to distribute a total dividend of N865.5 million, equating to 63 kobo per…
Telecom Operators Begin Infrastructure Overhaul Amid Service Complaints and Tariff Hike
Telecommunications operators across Nigeria have begun major upgrades and equipment installations to improve service quality nationwide. This move comes in…