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…
Category: Business
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…
FCMB Group Moves to Expand Share Capital as Capital-Raising Drive Intensifies
FCMB Group Plc has announced plans to seek shareholder approval to increase its share capital, marking another major step in…
Nearly $3bn spent on Eurobond debt servicing under Tinubu
Nigeria has spent almost $3bn servicing Eurobond debt across eight quarters of President Bola Tinubu’s administration, highlighting the mounting cost…
Dangote Refinery Denies Viral Claim Linking It to Bike-Based Fuel Delivery Service
The Dangote Petroleum Refinery has refuted a viral video claiming it partnered with a company to distribute petrol through motorcycle…
Ghana’s 2026 Budget Prioritizes Industrialisation as Engine for Economic Growth
Ghana’s 2026 budget has positioned industrialisation at the center of the country’s economic recovery, signalling a bold shift toward a…
FG Suspends 15% Fuel Import Duty as Government Assures Nigerians of Nationwide Supply Stability
The Federal Government has suspended the proposed 15 percent ad-valorem import duty on petrol and diesel, a policy that had…
Nigeria Doubles Crude Supply to Local Refineries, Hits 40,000bpd in 2025 — NMDPRA
Nigeria’s domestic refining capacity received a major boost in 2025, as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)…
Nigeria’s Private Sector Records 11-Month Expansion as PMI Rises to 55.4
Nigeria’s private sector continued its impressive run of growth in October, marking the 11th straight month of expansion as business…
Digital Lending Compliance Deadline Set for January 5, 2026 – FCCPC Cracks Down on Non-Compliant Lenders
The Federal Competition and Consumer Protection Commission (FCCPC) has announced January 5, 2026, as the official deadline for all digital…
FG Cracks Down on Loan Defaulters as Tamrose Fully Repays $10M NCI Fund
Tamrose Limited, an indigenous Nigerian marine logistics and offshore support company, has successfully repaid its $10 million Nigerian Content Intervention…
Tax Incentives to Boost Nigeria’s Manufacturing Growth to 3.1% in 2026 — MAN
Nigeria’s manufacturing sector is set to record a projected 3.1 per cent growth in 2026, up from the 1.6 per…
European Stocks Slide as AI Valuations and UK Tax Reversal Shake Markets
European stocks tumbled on Friday, rattled by concerns over inflated artificial intelligence (AI) valuations and broader global economic uncertainty. The…
Nigerian Stock Market Rises 1.08% as Brewers and FUGAZ Stocks Lead Gains
The Nigerian stock market rebounded on Thursday, November 13, 2025, with the All-Share Index (ASI) posting a 1.08% gain. The…
National Assembly to Discuss Capital Gains Tax Hike Amid N2 Trillion Market Loss
The National Assembly is set to engage the federal government over the controversial proposed increase in Capital Gains Tax (CGT)…
Nigeria’s Economic Reforms Fuel IHS Towers’ Strong Q3 Performance, Lifting 2025 Outlook
IHS Towers, the largest independent operator of shared communications infrastructure in Africa, has delivered strong third-quarter results, largely fueled by…
Naira Strengthens as Nigeria’s External Reserves Hit Six-Year High of $43.42 Billion
Nigeria’s naira gained modestly against the U.S. dollar in the official foreign exchange market on Thursday, buoyed by a surge…
Nigeria’s Currency Reforms Drive Surge in Foreign Investment
Nigeria’s bold currency reforms are paying off, sparking renewed interest from foreign investors after years of economic uncertainty. The Central…
Insecurity and Power Supply Top Nigerian Business Challenges in October – CBN Survey
Insecurity and erratic power supply have emerged as the leading challenges for Nigerian businesses in October 2025, according to the…
PenCom targets 80m informal workers with micro-pension plan
The National Pension Commission (PenCom) is intensifying efforts to bring Nigeria’s massive informal workforce—estimated at 70 to 80 million people—into…
Tinubu Postpones 15% Fuel Import Duty to 2026 After Stakeholder Pushback
President Bola Tinubu has approved a shift in the implementation of the proposed 15% fuel import duty on petrol and…
Nigeria’s Private Sector Expands for 11th Month as PMI Hits 55.4 Points
Nigeria’s private sector sustained its growth streak for the 11th consecutive month in October, driven by gains across industry, services,…
MOFI Lists N1 Trillion MREIF on NGX to Boost Affordable Housing in Nigeria
Nigeria’s Ministry of Finance Incorporated (MOFI) has officially listed its N1 trillion Series 2 MOFI Real Estate Investment Fund (MREIF)…
Ghana’s Bond Market Set to Drive Africa’s Capital Market Integration – BoG Governor
Ghana’s fixed-income market is emerging as one of Africa’s most credible and resilient bond platforms, with trading volumes reaching GHS214…
Seplat Energy Boosts Crude Output by 33,000 BPD After Successful Oil Well Rehabilitation
Seplat Energy Plc has successfully boosted its crude oil production by 33,000 barrels per day (BPD) following the rehabilitation of…
TotalEnergies Pushes to Maximise Oil Production in Nigeria’s Deepwater Fields
TotalEnergies EP Nigeria is intensifying efforts to unlock the full potential of its oil assets in the country, driven by…
NDIC Advises Nigerians to Maintain Alternate Bank Accounts for Faster Refunds
The Nigeria Deposit Insurance Corporation (NDIC) has urged bank customers to maintain alternate accounts in different financial institutions to ensure…
Nigeria Targets $20 Billion Investment from 70 Priority Gas Projects to Boost Industrial Growth
Nigeria is positioning itself to unlock up to $20 billion in new investments through 70 priority gas projects, as the…
AfCFTA Boost: Africa Trade Engine to Close $50 Billion Import Gap and Drive Local Manufacturing
TRT Manufacturing and TradeDepot have unveiled the Africa Trade Engine (ATE), a groundbreaking initiative designed to tackle Africa’s $50 billion…
Senator Calls for Review of 30% Capital Gains Tax Amid N2tn Market Loss
The Chairman of the Senate Committee on Capital Market and Institutions, Senator Osita Izunaso, has urged the Federal Government to…