Interest Rate: PFAs raise investment in FGN securities by 17.7% to N13.8trn
Pension Fund Administrators (PFAs) have significantly increased their investments in Federal Government (FGN) securities, raising the total by 17.7% year-on-year…
Category: Economy
Buy interest in Oando, 31 Others Lift Stock Market by 0.02%
The Nigerian stock market began the week on a positive note, increasing by 0.02% amid strong demand for Oando Plc…
Markets ride a rollercoaster as Trump returns to US presidency
Global markets experienced extreme volatility following Donald Trump’s inauguration, with sharp swings across stocks, currencies, commodities, and cryptocurrencies. The turbulence…
Investors eye US stock market after Trump’s inauguration
Investors closely monitor the U.S. stock market following Donald Trump’s inauguration for his second presidential term. Historically, the benchmark S&P…
Trump withdraws US from World Health Organization, halts foreign development aid
President Donald Trump has announced that the United States will withdraw from the World Health Organization (WHO), citing its mishandling…
Sokoto Strengthens Investment Drive with New Board Inauguration
Governor Ahmed Aliyu has inaugurated the Chairman and Board members of the Sokoto Investment Company, reaffirming his administration’s commitment to…
NASD OTC Exchange Sees Record Growth with 224% Return
In 2024, Nigeria’s NASD OTC Securities Exchange saw a significant increase in turnover, with the NASD Securities Index recording a…
Recapitalisation: Access Holdings’ market cap hits N1.3tr
Access Holdings Plc has concluded its recapitalization process with 17.77 billion additional shares at the Nigerian Exchange (NGX). This listing…
Government Targets Passage Of Digital Economy Bill By Q2
The Federal Government of Nigeria aims to pass the Digital Economy Bill by the second quarter of 2025 as part…
Rising Debt Burden Hits Nigerian Firms as Liabilities Reach N3.6tn
A recent report has revealed that 15 listed companies on the Nigerian Exchange Limited recorded a combined non-current liability of…
Equity market loses N1.45tn in one week
The Nigerian equity market experienced significant losses last week, dropping by 2.94% to close at 102,353.68 points. Market capitalization also…
CBN Unveils Digital Payment and Document Management Solutions
The Central Bank of Nigeria (CBN) has launched two major initiatives: the Document Flow (DocFlow) System and the Ministries, Departments,…
NBS Removes Crime Survey Report Amid Website Attack
The National Bureau of Statistics (NBS) has removed its recently published “Crime Experience and Security Perception Survey 2024” report from…
Tinubu and UAE Leader Discuss Trade Investment and Regional Stability
President Bola Ahmed Tinubu of Nigeria and Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates (UAE) held…
Nigerians To Pay More For Calls And Data As Tariffs Increase
The Minister of Communications and Digital Economy, Bosun Tijani, has announced that Nigerians will face a tariff increase of 30…
Smartphone Market Grows in 2024 Despite Economic Challenges
Global smartphone shipments grew by 2.4% year-over-year (YoY) in the fourth quarter of 2024, reaching 331.7 million units, according to…
NCC and FCCPC Sign Agreement to Strengthen Telecom Consumer Protection
The Nigerian Communications Commission (NCC) and the Federal Competition and Consumer Protection Commission (FCCPC) have signed a Memorandum of Understanding…
FG’s Economic Policies to Boost Marketing Industry in 2025
Industry experts predict Nigeria’s marketing and advertising sector will benefit from the federal government’s economic policies in 2025. According to…
FG Confident in Achieving N36.35 Trillion Revenue Target for 2025
The federal government is optimistic about meeting its ambitious N36.35 trillion revenue target for 2025, thanks to significant economic reforms.…
FG unveils Digital Trade Desk to boost Nigerian startup funding to $5bn
The Nigerian government has introduced a new initiative called the Digital Trade Desk, aimed at accelerating funding for local startups.…
US Tightens AI Chip Export Controls Amid Backlash from Tech Industry
The United States is introducing stricter regulations on the export of advanced AI chips and related technology to numerous countries,…
Nigerian Banks’ Market Capitalisation Hits N7.90tn
Eleven Nigerian banks have collectively achieved a market capitalization of N7.90tn, showcasing varying performance across the sector. Zenith Bank PLC…
The oil and gas sector received 31.1% of banks’ credit allocation in Q3 2024 –CBN
In the third quarter of 2024, the oil and gas sector secured 31.1% of Nigeria’s total credit allocation from deposit…
CBN expected to hold MPR for most of 2025
Asset management firm Meristem Securities has projected that the Central Bank of Nigeria (CBN) will likely maintain its Monetary Policy…
Recapitalization and Regulatory Shifts Reshape Nigerian Banking Sector in 2024
The Nigerian banking sector experienced a transformative 2024, driven by the Central Bank of Nigeria’s (CBN) recapitalization directive to support…
Lagos Speaker Faces Alleged Financial Mismanagement Scandal
Speaker of the Lagos State House of Assembly, Mudashiru Obasa, is facing renewed allegations of financial impropriety and mismanagement, raising…
Inflation and Naira Stabilisation Expected in 2025
In 2025, experts forecast that inflation in Nigeria may begin to moderate, offering a potential easing cycle for the economy.…
Telecom tariff hike imminent – FG
The Federal Government has announced plans to increase telecommunication tariffs, though not as high as the 100 percent requested by…
Micro Pension Plan Struggles to Gain Traction Despite Policy Efforts
Five years after its launch in 2019, Nigeria’s Micro Pension Plan (MPP) remains underwhelming in its adoption, despite deliberate policy…