Ghana Government Considers Listing State-Owned Enterprises on Stock Exchange
The Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has confirmed that the Ghanaian government will consider the possibility of…
Category: Economy
Naira Stability Outlook Strong as CBN Maintains FX Market Interventions
The Central Bank of Nigeria (CBN) is expected to maintain the stability of the naira in the coming weeks through…
Bank of Ghana Suspends Gold-for-Oil Programme Amid Policy Challenges
The Bank of Ghana (BoG) has decided to suspend its Gold-for-Oil program due to operational and policy challenges that resulted…
Nigeria Customs Service Enhances Trade Efficiency with Full Bank Integration and B’Odogwu System
The Nigeria Customs Service (NCS) has announced the full integration of all commercial banks for Form ‘M’ openings, a significant…
Selling Price Inflation Eases in Nigeria, Business Activity Accelerates in February
Nigeria’s selling price inflation slowed to a seven-month low in February, according to the latest Stanbic IBTC Bank Nigeria Purchasing…
CBN Strengthens Nigeria’s Financial System with Strategic Policy Recalibration
The Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, is recalibrating its monetary policy tools to…
Nigeria’s Key Economic Sectors Stagnant, Urgent Reforms Needed for Growth – Economist
Nigeria’s economy has been facing significant challenges, with key sectors that are crucial for its economic growth remaining stagnant or…
Nigeria’s Real Estate Sector Becomes the Third Largest Contributor to GDP
Nigeria’s real estate sector has gained significant attention as it emerged as the third largest contributor to the country’s GDP…
Rewane: CBN’s Intervention Policies Strengthen Naira Stability
Economist Bismarck Rewane, CEO of Financial Derivative Company, has praised the Central Bank of Nigeria’s (CBN) recent foreign exchange market…
Vietnam to Raise 2025 GDP Growth Target to 8% Amid Global Trade Risks and U.S. Tariffs
Vietnam is set to revise its 2025 GDP growth target upwards, now aiming for at least 8% compared to the…
Nigeria, UAE Strengthen Aviation Ties with Amended Bilateral Air Service Agreement
Nigeria and the United Arab Emirates (UAE) have signed an amended Bilateral Air Service Agreement (BASA), aimed at enhancing aviation…
CBN Reschedules February 2025 MPC Meeting Amid CPI Release Delays
The Central Bank of Nigeria (CBN) has officially announced a new date for its 299th Monetary Policy Committee (MPC) meeting,…
VP Shettima Launches Committee to Drive Nigeria’s Trillion-Dollar Economic Vision by 2030
Vice President Kashim Shettima recently inaugurated the Presidential Committee on Economic and Financial Inclusion (PreCEFI) as part of the Nigerian…
CBN postpones February MPC meeting as NBS delays rebased CPI report
The Central Bank of Nigeria (CBN) has delayed its first Monetary Policy Committee (MPC) meeting for 2025 until March due…
Telecom tariff hike: NLC suspends planned nationwide protest
The Nigeria Labour Congress (NLC) has suspended its planned nationwide protest, which was set for February 4, 2025, in response…
PTAD Clears N1.18bn in Pension Arrears Amid Ongoing Retiree Concerns
The Pension Transitional Arrangement Directorate (PTAD) has disbursed N1.18bn in pension arrears over the past five years, benefiting thousands of…
CBN nears completion of $2.4bn FX backlog verification, payments to begin soon
The Central Bank of Nigeria (CBN) is finalizing the verification process for the remaining $2.4 billion foreign exchange (FX) backlog,…
NECA Applauds CBN’s FX Code, Calls for Effective Implementation
The Nigeria Employers’ Consultative Association (NECA) has commended the Central Bank of Nigeria (CBN) for introducing the Nigerian Foreign Exchange…
Telecoms 50% tariff hike: Subscribers head for court as NCC talks deadlocked
Nigerian telecom subscribers, led by the National Association of Telecommunications Subscribers (NATCOMS), are taking legal action against the Nigerian Communications…
Heavy sanctions for FX code breaches, CBN warns banks
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has warned financial institutions that violations of the newly introduced Nigeria…
FG invests N150bn in real estate fund
The Federal Government of Nigeria, through the Ministry of Finance Incorporated (MOFI), has fully subscribed to the N150bn Series 1…
Marketers fear epileptic fuel supply over unstable PMS prices
Petroleum product marketers are concerned that the instability in petrol prices may result in inconsistent fuel supply across filling stations.…
BudgIT Emphasizes NBS Independence in GDP and CPI Rebasing
BudgIT, a nonprofit focused on government transparency, has underscored the importance of the National Bureau of Statistics’ (NBS) independence as…
Wale Edun declares Nigeria’s electricity sector open for investment
Wale Edun, Nigeria’s Minister of Finance, has announced that the country’s electricity sector is open for investment during his speech…
FG should limit contracts to firms listed on NGX — Expert
Mr. Ugodre Obi-Chukwu, CEO of Nairametrics, has called for the Nigerian government to award construction contracts only to firms listed…
CFG Report: Banks Charge High Lending Rates to Compensate for High Regulatory Reserve Requirements, Levies, Taxes
A recent report by CFG Advisory highlights that Nigerian banks impose high lending rates to offset the costs of holding…
FG Unveils 2025 Outlook for Economic Diversification and Prosperity
The Nigerian government, led by Dr. Jumoke Oduwole, Minister of Industry, Trade, and Investment, is prioritizing economic diversification to enhance…
Asian stocks drop after Trump’s huge tariff threats
Asian stock markets fell on Monday following Donald Trump’s announcement of steep tariffs on Colombian goods in response to the…
Telecom regulators hail Nigeria’s spectrum management initiatives
Telecom regulators from West Africa and the Caribbean have commended Nigeria’s spectrum management strategies as a model for regional growth…
Africa Rising as an Investment Hub Says Shettima
Vice-President Kashim Shettima urged global investors to seize business opportunities in Nigeria during the 2025 World Economic Forum in Davos,…