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US Tightens AI Chip Export Controls Amid Backlash from Tech Industry
The United States is introducing stricter regulations on the export of advanced AI chips and related technology to…
Stock Price of FBN Holdings Crashes by 5.63%
The stock price of FBN Holdings Plc fell by 5.63% on the Nigerian Exchange Limited (NGX), closing at ₦28.50 per…
FX Appetite Drives 79.4% Surge in Mutual Funds to N3.8 Trillion
The growing appetite for foreign currency investments, especially dollar-denominated assets, has propelled…
Value of eNaira rises by 57% to N18.32 bn
The value of the eNaira, Nigeria's digital currency introduced by the Central Bank of Nigeria (CBN) in 2021,…
Naira appreciates to N1,655/$ in parallel market
The Naira appreciated in the parallel market yesterday, trading at N1,655 per dollar compared to N1,665 last…
Investors lose N51bn as equity market shrinks
The Nigerian Stock Exchange (NGX) recorded a N51bn decline in market capitalization on Monday, closing at N64.3tn.…
December inflation projected to hit 35.20%
Nigeria’s inflation rate is projected to rise to 35.20% in December 2024, driven by persistent price pressures,…
Nigerian Banks’ Market Capitalisation Hits N7.90tn
Eleven Nigerian banks have collectively achieved a market capitalization of N7.90tn, showcasing varying…
Nigeria’s Foreign Trade by LC Payments Down 52.5% YoY to $506.1m
Nigeria’s foreign trade by Letter of Credit (LC) payments declined by 52.5% Year-on-Year (YoY) to $506.1 million…
Investors Return Rise by N1.13trn as Stock Market Surge Further
In the second week of trading in 2025, Nigerian stock market investors experienced a significant surge, in market…
CBN unveils diaspora-friendly accounts to boost investments
The Central Bank of Nigeria (CBN) has introduced two new accounts designed to attract investments from Nigerians…
Apple Urges Shareholders to Reject Call for DEI Programme Rollback
Apple’s board has urged investors to reject a proposal aimed at dismantling its Diversity, Equity, and Inclusion…
Sub-Saharan Africa Lost $1.56bn To Internet Shutdown In 2024 – Report
Sub-Saharan African countries collectively lost $1.56 billion due to government-induced internet shutdowns in…
Nigerian Firms Shortlisted in UNDP’s Africa’s 15 Startups for Next HealthTech…
The United Nations Development Programme (UNDP) Africa, has unveiled 15 groundbreaking startups for its HealthTech…
FG sets up a special unit as implementation of LGA financial autonomy begins
The Federal Government of Nigeria, through the Office of the Accountant-General of the Federation (OAGF), has set…
Experts project 3.5% economic growth for Nigeria in 2025
Experts forecast Nigeria's economy to grow by 3.5% year-on-year in 2025, a slight improvement from the estimated…
NGX hauls N12.2trn from bonds, listings in 2024
The Nigerian Exchange Limited (NGX) achieved a remarkable milestone in 2024, recording N12.17 trillion from…
GTCO’s N400.5bn Public Offer Falls Short by 48%
Guaranty Trust Holding Company Plc (GTCO) has revealed that its N400.5 billion public offer was undersubscribed by…
The oil and gas sector received 31.1% of banks’ credit allocation in Q3 2024 –CBN
In the third quarter of 2024, the oil and gas sector secured 31.1% of Nigeria’s total credit allocation from…
NAHCO Appoints Olumuyiwa Olumekun as GMD/CEO Following Gupta’s Retirement
The Nigerian Aviation Handling Company PLC (NAHCO) has named Mr. Olumuyiwa Olumekun as its new Group Managing…
GDP rebasing: Services to enjoy biggest gain
Nigeria’s services sector is projected to account for 55 to 60 percent of its rebased Gross Domestic Product (GDP)…
CBN expected to hold MPR for most of 2025
Asset management firm Meristem Securities has projected that the Central Bank of Nigeria (CBN) will likely…
FG to strengthen capital market for wealth creation
The Federal Government has reiterated its commitment to bolstering Nigeria's capital market as a key driver of…
Nigeria secured $7.6bn investments at Africa forum – Adesina
Nigeria has attracted $7.6 billion in investment commitments at the Africa Investment Forum 2024, held in Rabat,…
Nigerian Stocks Surge by N1.14tn as Trend Lifts Market
The Nigerian Exchange Limited (NGX) closed on a bullish note last week, delivering a significant gain of N1.14tn.…
Recapitalization and Regulatory Shifts Reshape Nigerian Banking Sector in 2024
The Nigerian banking sector experienced a transformative 2024, driven by the Central Bank of Nigeria's (CBN)…
Guinea Insurance Targets N1.75bn Gross Premium Written in Q1 2025
Guinea Insurance has projected a gross premium written (GPW) of N1.75 billion for the first quarter of 2025,…
Inflation and Naira Stabilisation Expected in 2025
In 2025, experts forecast that inflation in Nigeria may begin to moderate, offering a potential easing cycle for…
Investors Pick Kenya Over Nigeria As Startup Funding Falls To $2.2bn
In 2024, Kenya emerged as the top destination for startup funding in Africa, surpassing Nigeria for the second…
European Stocks Edge Higher as Mining Gains Offset Retail Losses
European stocks regained stability on Thursday, as the STOXX 600 index rose by 0.1%, recovering from early…