Browsing Category
Business
Elon Musk buys $1billion worth of Tesla stock
Tesla Inc.’s shares rallied on Monday after CEO Elon Musk bought about $1 billion worth of the company’s stock,…
Africa’s Fintech Boom Driven by Hidden Infrastructure: How Backend Platforms Like…
Africa’s fintech scene often grabs attention with sleek apps and billion-dollar startups, but the real engine…
Wema Bank Secures CBN, SEC Approval for N150bn Rights Issue, Surpasses N200bn…
Wema Bank Plc has received regulatory approval from the Central Bank of Nigeria (CBN) and the Securities and…
Blue-Chip Stocks Drive NGX Market Capitalisation Up by N985 Billion Amid Renewed…
Renewed investor interest in Nigeria’s blue-chip stocks lifted the nation’s equities market capitalisation by a…
Nigeria’s Crude Oil Earnings Drop by N3.18tn Despite 12.7% Production Surge
Nigeria’s crude oil export earnings fell sharply by N3.18 trillion in the first half of 2025, even as the country…
Nigeria’s Trade Surplus Jumps 44% in Q2 2025 as Non-Oil Exports and Manufactured…
Nigeria’s trade surplus soared by 44.3% in the second quarter of 2025, reaching N7.46 trillion, up from N5.17…
Afreximbank, MDGIF Sign $500m Deal to Boost Nigeria’s Gas Infrastructure and Cut…
Nigeria’s gas sector received a major boost at the weekend as the African Export-Import Bank (Afreximbank) and the…
FIRS Highlights Benefits of New Tax Reforms to Boost Revenue and Protect Air…
The Federal Inland Revenue Service (FIRS) has outlined the key advantages of the Federal Government’s new tax…
Importers Warn 4% FOB Levy Could Add N4 Trillion to Freight Costs, Fuel Inflation…
The Importers Association of Nigeria (IMAN) has raised alarm over the Federal Government’s proposed 4 percent…
COMAC Urges Government to Stabilise Cedi to Prevent Fuel Price Increases in Ghana
The Chamber of Oil Marketing Companies (COMAC) has called on the government to intensify efforts to stabilise the…
Nigeria SEC to Gradually Adopt ISSB Sustainability Standards to Boost Transparency…
Nigeria’s Securities and Exchange Commission (SEC) has announced plans to phase in the International…
Nigeria Needs 21.9% Annual Growth to Hit $1 Trillion Economy by 2031 — Afrinvest…
Nigeria would need to achieve an annual economic growth rate of at least 21.9 percent at an exchange rate of…
Nigerian Stock Market Rebounds as Investors Gain N986 Billion Amid Renewed Buying…
The Nigerian stock market staged a strong rebound last week, reversing a four-week losing streak and rewarding…
Ghana’s T-Bill Auction Misses Target by GH¢2.03bn as Investor Appetite Weakens
Ghana’s government fell short of its Treasury bill target last week, missing the mark by GH¢2.03 billion amid…
Dangote Rolls Out 1,000 CNG Trucks to Slash Fuel Prices, IPMAN Mobilises Marketers…
In a major move set to reshape Nigeria’s fuel market, the Dangote Petroleum Refinery on Monday deployed over 1,000…
Lagos Residents React to Proposed 5% Fuel Tax: Concerns Over Costs and…
The proposed 5% fuel tax on petrol and diesel has sparked mixed reactions across Lagos, as Nigerians debate the…
ISSB-Aligned Sustainability Disclosures to Boost Nigeria’s Capital Market, Lower…
The Securities and Exchange Commission (SEC) has announced that adopting the International Sustainability…
Dangote Refinery Denies NUPENG Allegations, Pledges 60,000 Jobs and Cheaper Fuel…
Dangote Petroleum Refinery has rejected allegations by the Nigeria Union of Petroleum and Natural Gas Workers…
SefRel Shop Champions ‘Buy Nigerian’ Movement to Boost Local E-Commerce and…
Nigeria imported goods worth more than ₦60.5 trillion ($40 billion) in 2024, according to the National Bureau of…
African Startups Secure $187 Million in August 2025, Led by South Africa’s Mega…
Africa’s startup scene showed remarkable resilience in August 2025, attracting $187.6 million in fresh funding…
Reps Panel Orders Finance Minister Wale Edun to Withdraw 2025 Budget…
Nigeria’s House of Representatives Committee on Appropriation has issued a firm directive to Finance and Economy…
FG Scraps 5% Telecom Tax, Relief for Over 170 Million Subscribers
The Federal Government has officially removed the 5% excise duty on telecommunications services, a move expected…
CBN and SEC Approve Wema Bank’s ₦150bn Rights Issue, Pushing Capital Above…
Wema Bank Plc has received the green light from both the Central Bank of Nigeria (CBN) and the Securities and…
Guinness, CILEASING, LIVINGTRUST Lead 10% Surge as NGX All-Share Index Gains 0.21%
The Nigerian Exchange (NGX) closed higher on Wednesday, September 11, as the All-Share Index (ASI) climbed 300.49…
European Stocks Mixed as U.K. Growth Stalls and Vestas Shares Slide on U.S.…
European markets opened without clear direction on Friday as fresh data showed the U.K. economy stagnated in July.…
Nigerian Equities Market Adds ₦191 Billion as Investor Confidence Strengthens
The Nigerian stock market extended its winning streak on Thursday as investors continued to show renewed…
Nigeria Achieves Record Drop in Crude Oil Losses to 9,600 Barrels per Day, Says…
Nigeria’s upstream oil sector has reached a historic milestone, slashing daily crude oil losses to just 9,600…
Generative AI Poised to Add $100 Billion to Africa’s Economy, McKinsey Report…
Africa could unlock as much as $100 billion in additional annual economic value if it embraces generative…
Ghana Stock Exchange Sees 87% Drop in August 2025 Trades Despite Yearly Gains
Trading activity on the Ghana Stock Exchange (GSE) plunged in August 2025, recording one of the steepest monthly…
Ghana’s Cedi Expected to Stabilize Within 5% Depreciation, President Mahama Says
President John Dramani Mahama has projected that the Ghanaian cedi will maintain moderate depreciation in the…