CSCS Launches Upgraded RegConnect Version 2 to Improve Data Exchange for Registrars
The Central Securities Clearing System Plc (CSCS) has unveiled an enhanced version of its web-based application designed to streamline operations…
Category: Business
Naira Appreciates to N1,535 per Dollar in Black Market Amid Improved Liquidity
The naira has gained value in the parallel (black) market, reaching N1,535 per dollar, driven by a reduction in demand…
The Urgent Need for Homegrown Venture Capital in Ghana’s Startup Ecosystem
For years, Ghana’s startup ecosystem, like many African nations, has thrived with the help of foreign donors such as USAID,…
Wealth Soars by N505 Billion Amid Gains in BUA Foods, Eterna, and Others
The Nigerian Exchange Limited (NGX) closed on a positive note yesterday, reversing previous losses, thanks to strong performances from prominent…
Nigerian Researcher Develops AI-Powered ESG Model to Enhance Corporate Sustainability
Feyisayo Michael, a Nigerian-born Chartered Accountant and AI sustainability expert, has unveiled an innovative AI-powered carbon accounting model designed to…
CBN Orders Immediate Resignation of Bank Directors Over Non-Performing Insider Loans
Insider loans are loans granted by a bank or financial institution to its own executives, directors, employees, major shareholders, or…
Ghana Fuel Prices Drop for the First Time in 2025
Fuel prices in Ghana have seen a decline for the first time in 2025, following a series of price increases…
CBN Governor Advocates Stronger Ties with Middle East
In a move to bolster economic relations, Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has called…
The Rise of Autonomous AI Agents: Revolutionizing Industries and Reshaping Economies
Autonomous AI agents are no longer a distant concept from science fiction they are here and rapidly transforming industries in…
European Markets Rise Amid Geopolitical Tensions and Economic Data
European markets are expected to open broadly higher on Tuesday, February 18, 2025, despite the ongoing geopolitical tensions surrounding the…
CBN Forecasts Job Growth Across Sectors by February 2025
The Central Bank of Nigeria (CBN) has forecasted a positive outlook for job growth and increased employment opportunities across various…
NBS Reports Inflation Decline to 24.48% in January After CPI Rebasing
The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate for January 2025 stands at 24.48%, a significant…
Dangote: $23bn Refinery Project Was the Biggest Risk of My Life
Billionaire Aliko Dangote has shared that his $23 billion Dangote Refinery project was the biggest risk of his life, highlighting…
Inflation Pushes Consumer Credit to N4.42tn in November, CBN Report Shows
Nigeria’s consumer credit outstanding surged by 26.29% in November 2024, reaching a record N4.42 trillion, up from N3.5 trillion in…
FG Advocates for Equitable Visa Policies to Boost Nigeria’s Global Trade Expansion
The Nigerian government is advocating for more relaxed and equitable visa policies to support Nigerian businesses in their efforts to…
China Invites Tech Leaders Including Jack Ma for Meeting with President Xi
As the global trade landscape shifts under the new Trump administration, China is working to reconnect with its key tech…
CBN: Nigeria’s Economy Expands for Second Month, Led by Industry and Agriculture
Nigeria’s economic expansion continued in January 2025, marking the second consecutive month of positive growth, according to the latest Purchasing…
Nigeria’s Cyber Threat Risk Rises as Attacks Surge, Now Ranked 11th in Africa
Nigeria’s cyber threat risk has significantly increased, with the country now ranked 11th on the Cyber Threat Index for African…
Banks and Fintechs in Nigeria Embrace Blockchain to Boost Financial Services
In early January 2025, PalmPay, a fintech platform, announced its integration of blockchain technology to improve transaction reliability, setting a…
NGX Sees Significant Surge in Equity Transactions, Reaching N5.59 Trillion in 2024
The Nigerian Exchange Limited (NGX) reported a remarkable surge in equity transactions for 2024, with the total value rising to…
Naira Strengthens at Parallel Market, Weakens on Official Exchange Rate
In the past week, the naira exhibited a mixed performance across different segments of the foreign exchange market, reflecting the…
Increased Oil Production Key to Tackling Inflation and FX Volatility, Says Agusto & Co.
Agusto & Co., a Pan-African credit rating agency, has stressed the importance of increased crude oil production in addressing Nigeria’s…
Federal Government Launches Construction of Emerging Technologies Institute in Kano
The Federal Government of Nigeria has officially launched the construction of the Sustainable & Emerging Technologies Institute (SETI) in Kano,…
Tinubu Earns Praise at AU Summit for Advancing AfCFTA’s Digital Trade Protocol
President Bola Tinubu received widespread recognition for Nigeria’s significant efforts in advancing the African Continental Free Trade Area (AfCFTA) Digital…
Nigeria’s Personal Loans Surge to N3.32tn Amid Rising Inflation, CBN Reports
In November 2024, Nigeria’s personal loan portfolio saw a dramatic increase of 37.76%, rising to N3.32 trillion, according to the…
Nigerian Equity Market Records N1.83tn Gain in One Week
The Nigerian equity market achieved a significant gain of N1.83 trillion last week, with the All-Share Index (ASI) and Market…
Equity Market Soars by N779bn as Nigerian Exchange Hits N67.3tn
On Wednesday, February 13, 2025, the Nigerian equity market experienced a significant surge, with investors gaining N779 billion. The market…
Modi Brings Tariff Concessions and Strategic Offers to Trump Amid Trade Tensions
Indian Prime Minister Narendra Modi is preparing for an important meeting with U.S. President Donald Trump, where he hopes to…
Nigerian Stock Market Hits N67 Trillion as VFDGROUP and IKEJAHOTEL Lead Gains
The Nigerian stock market closed on a high note on February 12, 2025, with the All-Share Index (ASI) rising by…
European Stocks Hit Record Highs; Siemens Soars While FTSE 100 Falls
European stock markets continued their upward trajectory on Thursday, buoyed by strong corporate earnings and economic data. The Stoxx 600…