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Airtel to Build Nigeria’s Largest 38MW Data Centre in Eko Atlantic to Power Cloud…
Airtel Nigeria has announced plans to construct a 38-megawatt hyperscale data centre in Lagos, marking…
Nigeria’s FDI Plummets 70% in Q1 2025 as Foreign Investors Flock to Short-Term…
Foreign Direct Investment (FDI) into Nigeria dropped sharply by 70.06% in the first quarter of 2025, falling to…
CBN Concludes Audit of Failed FX Deals, Refunds Banks in Naira Amid Ongoing FX…
The Central Bank of Nigeria (CBN) has officially concluded its forensic audit into undelivered and unverified…
MTN, Airtel Earn Big as Nigerians Prioritize Data Over Daily Necessities
MTN Nigeria and Airtel Nigeria have reported record-breaking earnings from data services in Q2 2025, driven by…
Chinese Exporters Sell Record $132.5B in Yuan Options Amid Currency Stability and…
Surge in Currency Derivative ActivityChinese firms, particularly exporters, sold a record-breaking $132.5 billion…
Headline: Naira Stability and Easing Inflation Drive N329bn Revenue Surge for…
Nigeria’s two largest oil palm producers, Presco Plc and Okomu Oil Palm Company Plc, recorded a…
Nigerian Stock Market Hits N92.25tn Market Cap Amid Bullish Momentum
The Nigerian equities market continued its upward trajectory on Wednesday, with strong investor confidence…
Foreign Investors Dump ₦576bn in Nigerian Stocks Amid Market Volatility and Policy…
Between January and June 2025, foreign investors withdrew ₦576.09 billion from the Nigerian Exchange (NGX), an 85%…
Nigeria’s Oil Output Hits 1.78mbpd in July, Cuts Revenue Deficit as Industry…
Nigeria’s crude oil production rose to 1.78 million barrels per day (mbpd) in July 2025—the highest output…
Nigeria’s Energy Heavyweights to Convene at 2025 Gas Investment Forum to Drive…
Nigeria is set to host the 2025 edition of the Gas Investment Forum (GIF), a pivotal event aimed at boosting…
HP Deploys AI-Powered Cybersecurity to Shield Nigerian Businesses Amid Rising…
As cyberattacks surge in Nigeria, global tech giant HP has unveiled a range of artificial intelligence…
European Pharma Stocks Slide Amid Trump Tariff Threats and Bayer’s Legal…
European pharmaceutical stocks took a hit on Wednesday after former U.S. President Donald Trump threatened tariffs…
BUA Cement Leads Market Rally as NSE Capitalisation Soars by N458 Billion
The Nigerian equities market continued its bullish momentum on Tuesday, August 6, 2025, driven by strong investor…
COPEC Opposes Proposed 20% Transport Fare Hike, Cites Stable Fuel Prices
The Chamber of Petroleum Consumers (COPEC) has firmly rejected reports of a proposed 20% increase in public…
Telcos Pump N824.7bn into Network Expansion Amid Subscriber Outrage over Poor…
Nigeria's leading telecom operators, MTN and Airtel, have collectively invested over N824.7 billion in…
Naira Holds Firm Despite Dip in FX Inflows: Analysts Cite Strong Reserve Build-Up,…
The Nigerian naira maintained its stability despite a recent decline in foreign exchange (FX) inflows, according…
Nigeria’s Banking Sector Attracts $3.1bn as Capital Inflows Surge, Manufacturing…
Capital importation into Nigeria jumped to $5.64 billion in the first quarter of 2025, marking a 67.12% increase…
OpenAI Targets $500 Billion Valuation in Employee Share Sale Amid Soaring Growth
OpenAI, the developer behind ChatGPT, is reportedly exploring a new stock sale that could value the company at an…
Asian Markets Edge Higher Amid U.S. Tariff Tensions and Fed Rate Cut Expectations
Asian stock indexes made modest gains on Wednesday, with Japan and Australia outperforming regional peers.…
Suitroh Partners with Banks to Launch X-Inventory, Boost SME Financing and Supply…
Suitroh Nigeria Limited, a fintech-driven logistics company, has unveiled a new digital trade platform called…
Nigeria Becomes 4th Most Expensive Country to Borrow in Africa as Interest Rates…
Nigeria has emerged as the fourth most expensive country to borrow in Africa, according to a new report by…
FCMB Group Reports N79.3bn Half-Year Profit in 2025, Driven by Strong Digital…
FCMB Group Plc has reported a profit before tax of N79.3 billion for the first half of 2025, marking…
Investor Caution Slashes July FX Inflows by 21% Amid Global, Local Uncertainty
Foreign exchange inflows into the Nigerian Foreign Exchange Market (NFEM) fell by 20.9% in July 2025 to $3.83…
Nigeria’s Economic Growth Slows in July 2025 as Manufacturing Suffers Historic…
Nigeria’s economic growth lost significant momentum in July 2025, with the manufacturing sector experiencing its…
Banks’ Deposits with CBN Surge 783% to ₦79.8 Trillion Amid Excess Liquidity and…
Banks’ deposits with the Central Bank of Nigeria (CBN) soared by 783.7% year-on-year to ₦79.8 trillion in the…
Ghana’s T-Bill Auction Oversubscribed by 42% as Investors Rush to Lock in Yields
Ghana’s latest Treasury bill (T-bill) auction has recorded a significant oversubscription, with investor demand…
Debt Discipline Vital to End Ghana’s IMF Dependency – Experts Warn
Ghana must embrace sustainable debt management to escape its recurring dependence on the International Monetary…
SEC Flags $2.1bn in Suspicious Crypto Deals Across West Africa
The Director-General of Nigeria’s Securities and Exchange Commission (SEC), Emomotimi Agama, has raised alarms…
Swiss Stocks Tumble as U.S. Tariff Shock Triggers Economic Fears
Swiss markets opened the week on a negative note as the announcement of new U.S. tariffs sparked a sell-off in key…
CBN’s FX Code Sparks Naira Rally, Market Stability, and Investor Confidence
Six months after the Central Bank of Nigeria (CBN) launched the Nigerian Foreign Exchange Code (FX Code), the…