Nigeria’s Creative Economy Could Surpass $13 Billion, NITDA Boss Projects
The National Information Technology Development Agency (NITDA) has highlighted the immense growth potential of Nigeria’s creative economy, projecting that it…
Category: Business
European Stocks Plunge to Worst Month Since 2020 Amid Iran Conflict Uncertainty
European markets are heading toward their worst monthly performance since early 2020, with March trading marred by uncertainty over the…
Tax Filing Deadline Chaos: Nigerians Risk Penalties as FCT-IRS Portal Fails
Thousands of Nigerian taxpayers were left stranded on Monday after technical glitches crippled the Federal Capital Territory Internal Revenue Service…
Over $100 Billion Lost to Oil and Gas Price Spikes Amid Iran War: 350.org Warns of Global Economic Fallout
Just one month into the Iran war, ordinary people around the world are already paying an extraordinary price for fossil…
Nigeria’s Banks Face Credit Challenge as Recapitalisation Ends
Nigeria’s banking sector has grown significantly following the Central Bank of Nigeria’s (CBN) sweeping recapitalisation drive, which strengthened balance sheets…
NGX Sanctions Five Stockbrokers for Market Manipulation, Imposes N291m Fines
Nigeria’s capital market regulator, the Nigerian Exchange Limited (NGX), has sanctioned five stockbroking firms for engaging in market manipulation, imposing…
Ghana Targets Lower Borrowing Costs with 12–12.5% Bond Guidance
Ghana is aiming to reduce its borrowing costs as it re-enters the domestic debt market with a new seven-year cedi-denominated…
European Stocks Open Mixed as Unilever Confirms $15.7 Billion Merger Talks with McCormick
European markets are set for a mixed opening on Tuesday, as investors remain cautious over ongoing geopolitical tensions in the…
Top Performing Nigerian Stocks for the Week Ended March 27, 2026: Zichis Agro-Allied Leads Gains
The Nigerian equities market closed the week ending March 27, 2026, on a slightly negative note, slipping 0.12% to 200,913.06…
Tax Reforms Drive Nigeria’s Economic Growth: Experts Highlight Opportunities and Challenges
Analysts and tax professionals at the 20th Annual Tax Week have hailed Nigeria’s 2025 tax reforms as a key driver…
Insurance Sector Growth Outpaces Banking but Fails to Boost Nigeria’s GDP Significantly
Nigeria’s insurance sector continues to face a paradox: strong growth rates but minimal contribution to the country’s gross domestic product…
OPL 245 Transparency: Civil Society Groups Demand Full Disclosure of Shell, Eni, NNPC Deal
Civil society organisations in Nigeria are calling for full transparency over the recent reported agreement on the controversial OPL 245…
BOI’s N825 Million Green Fund Cuts Costs and Boosts Industrial Output in Nigeria
Small and large businesses across Nigeria are experiencing lower production costs and improved operational efficiency, thanks to the Bank of…
Duplication of Single Window System in NCS Act Threatens Cargo Clearance Efficiency
Licensed customs agents have raised alarms over what they describe as the duplication of the National Single Window (NSW) system…
Nigeria’s Banking Sector Attracts $13.53 Billion in Foreign Inflows in 2025 Amid Recapitalisation Drive
Foreign capital inflows into Nigeria’s banking sector hit $13.53 billion in 2025, marking a remarkable 93.25% increase from $7.00 billion…
Kenya Boosts TVET Sector as Kiharu College Enrolment Surges to 1,800
Kenya’s government is intensifying investment in Technical and Vocational Education and Training (TVET) to cultivate a skilled workforce ready to…
ZEN Petroleum IPO Fully Subscribed: $640M Listing to Boost Ghana Stock Exchange Presence
ZEN Petroleum Holdings PLC is set to make a major impact on the Ghana Stock Exchange (GSE) after securing a…
Nigerian Stock Market Set to Trade Mixed as Investors Focus on Large-Cap Stocks
The Nigerian stock market is poised for mixed trading in the coming days, with investors increasingly focusing on large-cap, high-liquidity…
Champion Breweries Lists N30 Billion Fixed Rate Bond on FMDQ to Boost Expansion
Champion Breweries Plc has taken a major step to strengthen its financial footing by listing a N30 billion Series 1,…
Rewiring Nigeria’s Financial System: How the CBN is Stabilizing Banks and Restoring Confidence
Nigeria’s financial system entered 2023 under intense pressure, with a weakening naira, rising inflation, and dwindling investor confidence threatening a…
US-Iran Conflict Drives Food Prices Up in Nigeria, Deepening Poverty Crisis
Soaring fuel prices linked to the ongoing US-Iran conflict are pushing food prices higher across Nigeria, hitting households already struggling…
Naira Slides Again as Nigeria’s Forex Reserves Drop: CBN Moves to Boost Currency Liquidity
Nigeria’s currency, the Naira, recorded its second consecutive weekly decline against the US dollar, closing at N1,380.58 in the official…
FG Targets 5.2 Million Nigerians with Electricity Connections Under $750M World Bank Loan
The Federal Government of Nigeria is ramping up efforts to expand electricity access, aiming to connect 5.2 million Nigerians by…
US Cuts Nigerian Crude Imports by Nearly 50% in January 2026: What It Means for Oil Trade
The United States sharply reduced its imports of Nigerian crude oil in January 2026, marking a nearly 50% drop compared…
European Markets Fall as Iran War Escalation Rattles Global Investors
European markets started the week on a cautious note, slipping into negative territory on Monday as investors reacted to the…
Petrol Price in Nigeria Remains High Despite Dangote Cut as Global Oil Tensions Rise
Despite a recent price reduction by the Dangote Petroleum Refinery, petrol price in Nigeria has remained stubbornly high, with marketers…
Ghana’s Damang Mine Transition: Can Ibrahim Mahama Deliver on Local Ownership?
Ghana’s efforts to take control of the Damang gold mine from Gold Fields and shift it to local ownership are…
Africa Sees Record 530 Private Capital Deals in 2025 Amid Global Slowdown
Africa has emerged as the only global region to grow private capital deal activity in 2025, completing 530 transactions—a year-on-year…
African Startups See Debt Financing Surge to $1.2 Billion: Institutional Investors Take the Lead
Debt financing for African startups has surged from less than $300 million in 2021 to $1.2 billion in 2025, marking…
NNPC/Seplat JV Transforms Lives with ‘Eye Can See’ Free Eye Care Programme in Imo
The NNPC/Seplat Joint Venture (JV) has made a remarkable impact on the health and well-being of residents in Imo State…