FG Approves N185 Billion to Clear Gas Debts, Boost Power Supply Nationwide
The Federal Government (FG) has taken a major step to stabilize Nigeria’s energy sector by approving the payment of N185…
Category: Business
Nigeria’s Foreign Reserves Hit $46.7 Billion — Highest in Nearly Seven Years, Says CBN Governor
Nigeria’s foreign reserves have climbed to $46.7 billion, marking the highest level in nearly seven years, the Central Bank of…
Asia-Pacific Markets Fall Amid Mixed U.S. Session and Rising Bond Yields
Asia-Pacific markets opened lower on Friday following a muted session on Wall Street, as investors weighed economic signals and rising…
Experts share growth strategies for African SMEs
Business leaders across Africa have emphasized actionable strategies to help small and medium enterprises (SMEs) scale, create jobs, and drive…
PENGASSAN Urges FG to Expose Sponsors of Terrorism Amid Rising Insecurity in Nigeria
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the Federal Government to publicly identify…
Asian Markets Slip as Investors Await US Data and Possible Fed Rate Cut
Asian markets traded mixed on Friday as investors approached the weekend cautiously, weighed down by a quiet lead from Wall…
Innovation and Partnerships Poised to Drive Nigeria’s Economic Breakthrough — Federal Government
Nigeria is positioning itself for a major economic breakthrough powered by innovation, strong private-sector collaboration, and deeper regional integration, according…
Asia Markets Climb on Wall Street Gains Amid Federal Reserve Rate-Cut Hopes
Asia-Pacific stock markets mostly climbed Thursday, buoyed by Wall Street’s overnight gains and renewed hopes that the U.S. Federal Reserve…
South Africa Business Confidence Rebounds in Q4 2025 Amid Economic Optimism
South Africa’s business confidence saw a notable rebound in the final quarter of 2025, reversing two consecutive declines as the…
Nigeria–S’Africa chamber celebrates 25-year economic partnership
The Nigeria-South Africa Chamber of Commerce (NSACC) marked a significant milestone this week, celebrating 25 years of fostering trade and…
FIRS clarifies new tax laws, debunks levy misconceptions
The Federal Inland Revenue Service (FIRS) has clarified that Nigeria’s newly enacted tax laws are intended to enhance economic competitiveness,…
Nigeria’s GDP Grows in Q3 2025, but CPPE Warns of Rising Cost of Living
Nigeria’s economy recorded a year-on-year GDP growth of 3.98% in the third quarter of 2025, according to the latest data…
Ghana Reference Rate Drops to 15.9% in December, Easing Borrowing Costs for Businesses
Ghana’s benchmark reference rate for bank lending has fallen sharply in December, offering a welcome reprieve for businesses and consumers…
Nigerian Equities Surge N252 Billion as Guinness and Tier-1 Banks Drive Market Rally
The Nigerian equities market recorded a notable gain on Wednesday, adding N252.1 billion in market capitalisation, continuing the rebound from…
Nigeria’s Business Confidence Hits 13-Month High on Stable FX and Easing Inflation
Nigeria’s business confidence has reached its highest level in over a year, buoyed by easing inflationary pressures and a more…
CBN Removes Deposit Limits, Raises Weekly Cash Withdrawal Cap to N500,000
The Central Bank of Nigeria (CBN) has announced a major shake-up of its cash-handling policies, removing all limits on cash…
Seplat Energy Empowers 49 Niger Delta Youths with Technical Skills to Boost Oil and Gas Careers
Seplat Energy Producing Nigeria Unlimited (SEPNU) has strengthened its commitment to community development by empowering 49 youths from the Niger…
Nigeria Named Headquarters of African Petroleum Regulators Forum, Komolafe Elected Chairman
The African Petroleum Regulators Forum (AFRIPERF) has officially chosen Nigeria as its headquarters, signaling the country’s growing influence in Africa’s…
US Firm Pulls Nigeria’s Presidential Jet from Sale Amid Government Review
In a surprising development, the US marketing firm handling the sale of Nigeria’s presidential Boeing 737‑700 Business Jet has officially…
Dollar Weakens as Rate-Cut Hopes Grow, Euro Hits Seven-Week High
The U.S. dollar slipped on Thursday as a fresh batch of underwhelming economic data strengthened expectations that the Federal Reserve…
FG Unveils N54.43tn 2026 Budget as Soaring Debt Service Takes N15.91tn
The Federal Government has presented a N54.43tn national budget for 2026, unveiling a financial plan marked by a record-breaking deficit…
CBN Holds Interest Rate at 27% as Disinflation Advances and Economy Stabilises
The Central Bank of Nigeria has once again held the Monetary Policy Rate at 27 per cent, choosing caution as…
Nigeria’s GDP Set for 4.22% Rebound in Q4 2025 as Economy Strengthens — Report
Nigeria’s economy is expected to close the year on a stronger note, as analysts at CardinalStone project a rebound in…
Nigeria’s Cash Demand Hits N4.65 Trillion as Currency Circulation Surges
Nigeria’s appetite for physical cash has surged once again, with Currency Outside Banks (COB) rising to N4.65 trillion in October,…
Nigeria Targets $10 Billion Investment from 50 Oil Blocks to Boost 400,000 BPD Output
Nigeria is set to lease 50 oil blocks to investors in a bid to raise $10 billion and increase oil…
Nigerian Stock Market Hits 5-Year Low Amid Portfolio Realignment and CGT Uncertainty
The Nigerian stock market experienced its sharpest monthly loss in five years in November, as uncertainty over the Capital Gains…
NGX Surges N1.3 Trillion as Yuletide Rally Boosts Investor Confidence
Trading activity on the Nigerian Exchange Limited (NGX) picked up momentum yesterday, driven by expectations of a year-end yuletide rally.…
Ghana FDI Hits $378M in Q3 2025 as Manufacturing Leads Investment Surge
Foreign direct investment (FDI) inflows into Ghana reached $378 million in the third quarter of 2025, with the manufacturing sector…
FG Launches $100 Million Equity Investment Scheme to Boost Nigerian Oil Companies
The Federal Government has announced a $100 million equity investment scheme to strengthen the capacity of Nigerian companies operating in…
Nigeria’s Business Confidence Index Hits 111.3 as Key Sectors Expand in October 2025
Nigeria’s business climate continued to show promising signs of recovery in October 2025, with the Business Confidence Index (BCI) rising…