W’Bank flags skills deficit across African economies
A growing mismatch between the skills African workers have and what employers actually need is becoming a major barrier to…
Category: Economy
FGN Bond Subscriptions Drop 45% as Investors React to Higher Yields in 2026 Auction
Investor confidence in Federal Government of Nigeria (FGN) bonds weakened in May 2026, as total subscriptions dropped sharply by 45.6…
European Stocks Slip as Bond Yield Surge, Inflation Data Weigh on Investor Sentiment
European stock markets opened in negative territory on Wednesday as investors grappled with rising global bond yields, fresh inflation data…
World Bank says global carbon pricing revenue tops $107 billion in 2025
Global carbon pricing revenue climbed above $107 billion in 2025, marking another milestone in the worldwide push to reduce greenhouse…
CBN Set to Maintain Tight Monetary Policy as Inflation and Global Oil Shock Deepen Pressure on Economy
Financial analysts and economists are widely expecting the Central Bank of Nigeria (CBN) to maintain its current tight monetary policy…
Tax reform: FG opens free dispute resolution channels
The Federal Government has launched a new free tax dispute resolution system in Nigeria, allowing taxpayers to resolve issues without…
CBN Likely to Hold Interest Rate at 26.5% as Inflation Pressures Persist — Analysts
Nigeria’s monetary policy direction is once again in focus as the Central Bank of Nigeria (CBN) prepares for its Monetary…
AKK Gas Pipeline Project Set to Revolutionize Nigeria’s Economy and Industrial Growth
Nigeria’s ambitious $2.8 billion Ajaokuta–Kaduna–Kano (AKK) gas pipeline project is being described as a game-changer that could reshape the country’s…
CBN Monetary Policy Rate Decision: Analysts Expect Hold at 26.5% Amid Rising Inflation Pressures
Analysts are widely expecting the Central Bank of Nigeria (CBN) to keep its Monetary Policy Rate (MPR) unchanged at 26.5%…
Asia Markets Mixed as Oil Prices Ease After Trump Delays Iran Strike Amid Global Uncertainty
Asia-Pacific financial markets traded in a mixed pattern on Tuesday as investors reacted to easing oil prices and renewed geopolitical…
Banks Flood Treasury Bills Market as High Yields Attract Surplus Liquidity in Nigeria
Nigeria’s banking sector is once again turning to government securities as a safe haven, with commercial banks increasingly channeling excess…
CPPE Warns CBN: Further Interest Rate Hikes Could Stall Nigeria’s Economic Recovery
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to tread carefully…
Rank Capital Named Among Africa’s Fastest-Growing Fintechs on FT List
Rank Capital has earned a spot on the Financial Times’ list of Africa’s fastest-growing companies, ranking seventh among fintech firms…
European Markets Rise as Trump Pauses Iran Strike, Germany Launches Uniper Privatization Plan
European stock markets climbed on Tuesday as investors reacted positively to easing geopolitical tensions in the Middle East and major…
N4.65 Trillion Bank Recapitalisation: Nigerian Banks Face Pressure to Turn Capital Into Real Growth
After successfully raising a combined N4.65 trillion to meet the Central Bank of Nigeria’s (CBN) recapitalisation requirements, Nigerian banks are…
Stock Futures Drop After Record Wall Street Rally as Investors Brace for Nvidia Earnings and Rising Oil Prices
Stock futures slipped early Monday after a strong, record-setting week on Wall Street, signaling a cautious start as investors shifted…
FGN Bonds and T-Bills Deliver Peak Returns in Q1 2026 as 364-Day Treasury Bill Hits 18.47%
Nigeria’s fixed-income market recorded some of its strongest sovereign returns in recent years during the first quarter of 2026, before…
Naira Falls to N1,371/$ as Rising FX Demand and Global Oil Tensions Shake Nigeria’s Economy
Nigeria’s currency came under fresh pressure last week as the naira weakened slightly against the United States dollar, settling at…
63% of Nigerians Demand Lower Interest Rates Ahead of CBN MPC Meeting
As the Central Bank of Nigeria prepares for its crucial Monetary Policy Committee meeting on May 19 and 20, a…
European Markets Slide as Trump’s Iran Warning Sparks Fresh Global Tension
European stock markets began the week on a negative note after renewed tensions between the United States and Iran rattled…
Africa’s Cement Industry Set to Hit $11.71bn by 2029 Amid Infrastructure Boom
Africa’s cement manufacturing industry is on track for significant expansion, with its total market value projected to rise from about…
IMF Says US-China Dialogue Could Boost Global Economy Amid Rising Oil and Inflation Pressures
The International Monetary Fund (IMF) has welcomed recent high-level discussions between U.S. President Donald Trump and Chinese President Xi Jinping,…
NGX Market Dips Slightly as Profit-Taking Hits Blue-Chip Stocks Amid Mixed Investor Sentiment
The Nigerian Exchange (NGX) recorded a mild downturn in trading activities as profit-taking pressure weighed on key market indicators, despite…
SEC Raises Alarm Over Rising Fake Online Investment Platforms Targeting Nigerians (Ponzi Scheme Warning)
The Securities and Exchange Commission (SEC) has issued a strong warning to Nigerians over the growing spread of unregistered online…
Naira Climbs to N1,853/£ as UK Political Crisis Weakens Pound Sterling
The Nigerian Naira has posted a noticeable rebound in the foreign exchange market, strengthening to around N1,853 per British pound,…
Nigeria, Germany Sign €365m Development Deal to Boost Energy, Agriculture and Investment Growth
Nigeria and Germany have entered into a major €365 million development and investment partnership aimed at accelerating economic growth, expanding…
OMO sales hit N5.63 trillion in two weeks as 126-day bill draws oversubscription
Nigeria’s fixed income market saw a surge of investor activity as the Central Bank of Nigeria (CBN) recorded a staggering…
Global Trade Uncertainty: World Bank Says Ghana Can Turn Risks Into Opportunities Under AfCFTA
Rising uncertainty in global trade and the increasing fragmentation of supply chains may be creating risks for many developing economies,…
Nigeria, Rwanda Strengthen Bilateral Relations
Nigeria and Rwanda have agreed to strengthen their bilateral relations as both countries move to deepen cooperation in trade, diplomacy,…
NIBSS Intermittent Failures Trigger Delayed Transactions Across Nigerian Fintech and Banking Channels
Nigeria’s digital payments ecosystem experienced widespread disruptions on Tuesday as the Nigeria Inter-Bank Settlement System (NIBSS) reportedly suffered intermittent system…