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Offshore Investors Fuel Nigeria’s Bond Market Rally Ahead of DMO Auction
Foreign Portfolio Investors (FPIs) significantly increased their interest in Nigeria’s fixed income instruments…
SEC Ban on Dual Director Roles Wins Stakeholder Support Amid Corporate Governance…
The Securities and Exchange Commission (SEC) of Nigeria has issued a new directive banning Independent…
Bank of Ghana to Overhaul Reference Rate in Drive for 10% Lending Target
The Bank of Ghana (BoG) has announced a major reform targeting the Ghana Reference Rate (GRR) as part of efforts…
NCC Vows to Expose and Prosecute Telecom Vandals Under New Infrastructure…
The Nigerian Communications Commission (NCC) has announced its intention to collaborate more closely with security…
REA and FCMB Launch ₦100 Billion Renewable Energy Fund to Power Two Million…
In a strategic move to expand electricity access across Nigeria, the Rural Electrification Agency (REA) and First…
Breaking: Tinubu Sets Up High-Level Peace Committee to Tackle Benue Killings
In response to a deadly attack that claimed around 200 lives in Yelewata community, Guma Local Government Area of…
CBN’s 50% CRR Policy Sparks Liquidity Crisis, Threatens Nigeria’s $1tn Economic…
Nigeria's banking sector is facing a serious liquidity challenge following the Central Bank of Nigeria’s (CBN)…
Dangote Refinery Set to Export First Petrol Cargo to Asia, Signaling Global…
The Dangote Petroleum Refinery, Africa’s largest oil refining facility, is preparing for its first gasoline export…
NIBSS Launches ISO 20022-Compliant National Payment Stack to Revolutionize Digital…
The Nigeria Inter-Bank Settlement System (NIBSS) has officially launched the National Payment Stack (NPS), an…
Senate Demands Explanation from NNPCL Over Missing N210 Trillion in Financial…
The Nigerian Senate has issued a one-week ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) to…
Experts Urge African Organisations to Embrace Digital Transformation for Economic…
Organisations and government agencies across Africa have been strongly encouraged to prioritise digital…
Nigerian Stock Market Rebounds as Access, FCMB, and Fidelity Bank Assure CBN…
The Nigerian stock market saw a significant rebound after major banks including Access Holdings, FCMB Group, and…
CBN Halts Banks’ Foreign Investments, Dividends & Bonuses Amid Market Activity…
In a directive issued on June 13, 2025, the Central Bank of Nigeria (CBN) announced a temporary suspension on…
FAAC Distributes N1.65 Trillion in May Amid Boost in VAT and Oil Derivation Funds
In May 2025, the Federation Account Allocation Committee (FAAC) disbursed N1.65 trillion to Nigeria’s federal,…
Ghana’s Producer Inflation Falls to 10.2% in May 2025: Lowest Since 2023 Amid…
Ghana’s producer price inflation (PPI) dropped sharply to 10.2% in May 2025 from 18.5% in April, marking the…
Nigerian Power Sector and Government Lag Behind in Digital Resilience, NESG Warns
At a biennial lecture in Lagos organized by the Chartered Institute of Directors, the CEO of the Nigerian Economic…
Equity Market Soars as Oil, Insurance Stocks Drive N1.18tn Rally
The Nigerian Exchange (NGX) witnessed a robust performance on Wednesday, marking a major rebound with the market…
CBN Introduces Targeted Measures for Select Banks Amid Sector Reform
The Central Bank of Nigeria (CBN) has issued new transitional guidelines targeted at a select number of banks as…
USSD Now Costs ₦6.98 per 2 Minutes as Direct User Billing Begins Nationwide
Starting June 18, 2025, Nigerians using USSD codes for mobile banking and other digital transactions will now pay…
Experts Highlight Urgent Need for AI Infrastructure at Lagos Tech Forum
Global infrastructure company Vertiv, in collaboration with Africa Hyperscalers and Turner & Townsend, is…
BoG Maintains Flexible Exchange Rate Policy, Rejects Fixed Band Approach, Governor…
The Governor of the Bank of Ghana, Dr. Johnson Asiama, has stated that the central bank is not targeting a fixed…
Naira Strengthens Below N1,600/$ as U.S. Dollar Falters Amid Global Uncertainty
The Nigerian naira continued its strong performance in the parallel market, breaking the N1,600/$ resistance level…
FG Targets N100 Billion in June Bond Auction to Fund 2025 Budget
The Federal Government of Nigeria, via the Debt Management Office (DMO), has announced plans to raise N100 billion…
Nigeria Takes Key Role in Global Push to Connect 2.6 Billion Offline People
Nigeria has reclaimed a leading position in global digital policy as Dr. Bosun Tijani, the Minister of…
CBN Sells N7.9 Trillion in Treasury Bills, Rejects N12.2 Trillion in Bids Amid…
In a move reflecting rising investor appetite for naira-denominated assets amid persistent inflation, the Central…
NGX Sheds N183bn as Blue-Chip Stocks Tumble Amid Bearish Sentiment
The Nigerian Exchange Limited (NGX) suffered a significant blow on Tuesday, losing N183 billion in market value as…
Telcos Hail New USSD Billing Rule as NCC, CBN Tackle Bank Payment Default
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has endorsed a new billing framework…
Caution Amid Optimism: Economist Warns Ghana Not Ready for Eurobond Market Despite…
Fitch Ratings recently upgraded Ghana’s credit rating to ‘B-’ with a stable outlook, a move that signals improved…
Nigeria Imports N1.2tn Worth of Crude Despite Being Africa’s Top Oil Producer
Nigeria, despite being Africa's largest oil producer, imported crude oil worth N1.19 trillion in the first quarter…
FCMB Reassures Shareholders of Dividends Amid CBN’s New Banking Restrictions
FCMB Group Plc has moved to allay shareholder concerns following a new directive from the Central Bank of Nigeria…