FG Begins Testing for National Single Window Ahead of 2026 Rollout
The Federal Government has officially kicked off User Acceptance Testing for the National Single Window (NSW), marking a major milestone…
Category: Business
Africa Lags in Global Clean Energy Boom as Renewable Investment Hits $2.4 Trillion
Global investment in renewable energy surged to a record $2.4 trillion in 2024, yet sub-Saharan Africa captured only 2.3% of…
Tamrose Repays $10M Loan, Highlights Success of Nigeria’s Local Content Initiative
Nigeria’s indigenous oil-service company, Tamrose Limited, has drawn widespread praise after fully repaying its $10 million loan from the Nigerian…
Naira Steadies as Nigeria’s Forex Reserves Hit $46.7 Billion Amid Strong FX Inflows
Nigeria’s naira held steady on Monday in the official foreign exchange (FX) market as the country’s external reserves surged to…
Elumelu and FirstBank Call for Stronger Support for Nigerian Entrepreneurs
Nigeria’s economic future lies in entrepreneurship, not government handouts or foreign aid, according to Tony Elumelu, Group Chairman of Heirs…
Aradel Leads Nigerian Stock Market with N21.4 Billion Deals as Cement Selloff Pushes ASI Down 1.26%
The Nigerian stock market closed sharply lower on Monday, November 17, as the All-Share Index (ASI) slipped by 1,853.82 points…
Dangote Refinery Slashes Petrol Prices, Says Marketers’ Reductions Followed Its Lead
Dangote Petroleum Refinery has clarified that its recent reduction in petrol gantry and coastal prices prompted the subsequent drop in…
Lagos State’s N200bn Bond Oversubscribed by 55%, Signaling Strong Investor Confidence
Lagos State’s N200 billion bond has been oversubscribed by an impressive 55%, reflecting strong confidence from domestic investors. The record-breaking…
Nigeria Economic Growth Outlook Brightens as Business Activity Strengthens
Nigeria’s economy is showing signs of recovery as it heads into 2026, driven by stronger business momentum, easing inflation, and…
Nigeria’s Inflation Hits Three-Year Low at 16.05% Amid Persistent Cost-of-Living Challenges
Nigeria’s inflation rate eased to 16.05% in October 2025, marking the lowest level in three years and eight months, according…
Nigeria’s Trade with Africa Surges 14% as Regional Ties Strengthen
Nigeria’s trade with other African countries has grown by 14% in the first half of 2025, highlighting the impact of…
FX Trading Slumps 30% in Nigeria Amid Dollar Supply Crunch and Market Caution
Nigeria’s foreign exchange (FX) market experienced a sharp slowdown last week, with total trading turnover plunging by more than 30%,…
European Markets Slide as Fresh AI Concerns Shake Global Investor Confidence
European markets are poised for a weak start on Tuesday as global investors pull back amid renewed anxiety surrounding artificial…
Abia strengthens investment appeal, partners bank
Abia State’s investment profile received a major boost as Zenith Bank Plc declared a strong commitment to partner with the…
Nigeria’s FX Inflows Surge as CBN Reforms Boost Investor Confidence
Nigeria is witnessing a notable revival in foreign-exchange inflows as investor confidence gradually returns, following years of policy uncertainty and…
NGX Records Sharp Loss as Investors Shed N1.17tn Amid Renewed Sell Pressure
The Nigerian stock market opened the week on a negative note as renewed sell pressure dragged the All-Share Index down…
Emadeb E&P Achieves First Oil Production from Ibom Field, Boosting Nigeria’s Energy Future
Emadeb Exploration and Production Company Limited has successfully recorded its first oil production from the Ibom Field (PPL 236), a…
European Markets Edge Higher as Saab Soars 6% on Colombia Jet Deal
European stocks started the week on a cautiously optimistic note Monday, with most major indices trading in positive territory. The…
Champion Breweries Launches N15.9bn Rights Issue to Fund Bullet Brand Acquisition
Champion Breweries Plc has officially launched a N15.9 billion Rights Issue to existing shareholders, marking a major step in the…
Danish Fintech Flatpay Becomes a $1.75 Billion Unicorn, Targeting SMB Payment Market
Danish fintech startup Flatpay has officially joined the elite club of European fintech unicorns, securing a valuation of $1.75 billion…
High Clean-Tech Tariffs Threaten Africa’s Renewable Energy Growth, UNCTAD Warns
Africa’s ambitious shift toward 100% renewable energy is at risk due to high tariffs on clean technologies and persistent trade…
FCMB Appoints Oluyinka Johnson as Non-Executive Director to Strengthen Board Diversity and Governance
First City Monument Bank (FCMB) has officially announced the appointment of Ms. Oluyinka Johnson as a Non-Executive Director, following approval…
Nigeria Suspends 15% Fuel Import Duty: Marketers Applaud, Experts Warn of Long-Term Risks
The Federal Government’s decision to suspend the 15% import duty on petrol and diesel has sparked a mix of praise…
Nigeria’s Inflation Expected to Ease Further in October 2025, Analysts Forecast 16.20%–17.76%
Nigeria’s headline inflation is set to fall for the seventh consecutive month in October 2025, with projections ranging between 16.20%…
Trump Buys $82 Million in Bonds Amid Scrutiny Over Investment Portfolio
U.S. President Donald Trump has significantly expanded his investment in bonds, acquiring over $82 million in corporate and municipal debt…
Nigeria’s U.S. Crude Imports Surge 101% in 2025 Amid Local Refinery Shortfalls
Nigeria’s crude oil imports from the United States skyrocketed in the first eight months of 2025, rising 101% compared to…
Nigeria Exits FATF Grey List: Naira Soars as Foreign Reserves Cross $43 Billion
Nigeria’s financial markets have celebrated a major milestone as the country exits the Financial Action Task Force (FATF) grey list,…
SEC and FMBN Partner to Address Nigeria’s Housing Deficit with Non-Interest Mortgages
The Securities and Exchange Commission (SEC) and the Federal Mortgage Bank of Nigeria (FMBN) have launched a strategic partnership to…
COPEC Urges Government to Create Petroleum Reserve Fund to Stabilize Fuel Prices- Ghana
The Chamber of Petroleum Consumers, Ghana (COPEC), has appealed to the government to establish a special petroleum reserve fund aimed…
European Markets Poised for Weak Start as Investors Brace for Economic Uncertainty
European markets look set to begin the new trading week on a downbeat note, with early data pointing to a…