World Bank: Nigeria’s Economic Reforms Stabilised Economy but Deepened Poverty, 139 Million Now Living in Poverty
The World Bank has commended Nigeria for stabilising its economy through recent reforms, but warned that the benefits have yet…
Category: Local
Nigerian Equities Market Extends Bullish Run as Investors Anticipate Strong Q3 Earnings
The Nigerian equities market continued its bullish momentum on Wednesday, driven by renewed investor optimism ahead of third-quarter earnings reports.…
FG Ends Revenue Collection Deductions to Boost Transparency and Fiscal Efficiency
In a major step toward fiscal reform, the Federal Government has scrapped the long-standing deductions made for revenue collection by…
Over ₦120 Billion in SEC-Registered Investment Funds Remain Idle in Nigeria’s Capital Market (Q4 2024)
Nigeria’s investment ecosystem continues to grapple with idle capital, as fresh data from the Securities and Exchange Commission (SEC) reveal…
VFD Group, Norrenberger Finalize ₦50.67 Billion Rights Issue to Boost Expansion and Cut Debt
VFD Group Plc has officially signed a ₦50.67 billion rights issue agreement with Lead Issuing House, Norrenberger Limited, marking a…
Nigeria’s PMI Hits 54.0 in September 2025, Signaling 10th Month of Economic Growth
Nigeria’s economy continued its steady recovery in September 2025, with the Purchasing Managers’ Index (PMI) climbing to 54.0 points, up…
FirstBank Pledges to Bridge Financing Gaps and Drive SME Growth with Digital Solutions
FirstBank Group has reaffirmed its commitment to bridging financial gaps and leveraging digital solutions to tackle business challenges in Nigeria,…
139 Million Nigerians Still in Poverty Despite Government Reforms – World Bank Report
Despite significant economic reforms in recent years, an estimated 139 million Nigerians are still living in poverty in 2025, the…
Nigeria’s Debt-to-GDP Projected to Fall to 39.8% in 2025 Amid Strong Growth and Naira Stability
For the first time in more than a decade, Nigeria’s debt burden is expected to ease significantly as the country’s…
World Bank Raises Ghana’s 2025 Growth Outlook to 4.3%, Signaling Stronger Economic Recovery
The World Bank has upgraded Ghana’s 2025 economic growth forecast to 4.3%, up from its earlier estimate of 3.9%, reflecting…
Nigerian Telecom Subscribers Decry Poor Network Quality Months After 50% Tariff Hike
Months after the Nigerian Communications Commission (NCC) approved a 50% tariff hike for telecom operators, millions of mobile subscribers across…
Orteva Partners FG and Delta State on $100 Million Carbon Project to Drive Nigeria’s Green Growth
Nigeria has taken another bold step toward a sustainable future as the Federal Government, in partnership with Orteva, Delta State,…
VivaJets Expands into Africa’s Oil Sector with $21 Million Investment to Boost Energy Logistics
VivaJets, one of Africa’s fastest-growing business aviation firms, is deepening its footprint in the continent’s oil and gas industry through…
DisCos’ Revenue Hits ₦564.7 Billion in Q2 2025 as NERC Reports Steady Growth in Collection Efficiency
Nigeria’s electricity distribution companies (DisCos) posted a significant boost in revenue for the second quarter of 2025, collecting a total…
Bauchi Government Reaffirms Commitment to Sustaining Investor-Friendly Economic Frameworks
The Bauchi State Government has reiterated its commitment to sustaining all economic frameworks and investor incentives introduced through its landmark…
Nigerian Agric-SMEs Seek Growth and Sustainable Funding at EDC-AGRA Forum in Lagos
Small and medium enterprises (SMEs) in Nigeria’s agricultural sector are exploring new pathways for growth, funding, and business expansion following…
CBN Reaffirms Commitment to Price and Monetary Stability, Says Policies Are Delivering Results
The Central Bank of Nigeria (CBN) has restated its commitment to restoring and maintaining price and monetary stability across the…
Nigeria’s Non-Interest Capital Market Surges to ₦1.6 Trillion — SEC Highlights Investor Confidence in Ethical Finance
Nigeria’s non-interest capital market has reached a major milestone, hitting a valuation of ₦1.6 trillion, according to the Securities and…
FTSE Russell Adds Nigeria to Watch List for Frontier Market Reclassification Amid FX Reforms
Nigeria’s path back to the global investment spotlight brightened this week as FTSE Russell announced it has added the country…
Nigerian Stock Market Gains N92bn as Insurance Stocks Lead Bullish Run on NGX
The Nigerian Exchange Limited (NGX) extended its bullish momentum on Tuesday, adding ₦92 billion to market capitalisation as investors renewed…
Nigeria Set to Receive $500 Million AfDB Loan by Year-End to Support Economic Reforms
Nigeria is expected to receive a fresh $500 million loan from the African Development Bank (AfDB) before the end of…
Africa Must Have a Seat in Global AI Governance, Says Alpha-Geek CEO Oluwaseun Dania
Africa must be fully represented in global conversations shaping the future of artificial intelligence (AI), according to Oluwaseun Dania, Managing…
Importers Face Rising Costs as U.S. Tariffs on Chinese-Built Ships Add $3.2 Billion to Global Freight Charges
Importers around the world, including Nigeria, are bracing for higher shipping and clearing costs as the United States introduces new…
Tinubu Orders Review of 2026 Hajj Fares as Naira Strengthens; Shettima Directs NAHCON to Reduce Costs Within 48 Hours
President Bola Ahmed Tinubu has ordered an immediate review of the 2026 Hajj fares to reflect the current appreciation of…
UBA Celebrates 2025 Customer Service Week with Focus on Innovation and Customer Empowerment
The United Bank for Africa (UBA) Plc has kicked off its 2025 Customer Service Week, joining organizations worldwide to celebrate…
FGN Savings Bond: DMO Opens October Offer at 14.06% and 15.06% to Attract Retail Investors
The Debt Management Office (DMO) has opened subscriptions for the October 2025 issuance of the Federal Government of Nigeria (FGN)…
Nigeria Hosts Africa Agriculture Dialogue 2025 to Unlock Financing for Food Security and Growth
Nigeria is set to host the Africa Agriculture Dialogue (AAD) 2025 in Abuja on October 7–8, bringing together key stakeholders…
CBN Bars Loan Defaulters and Blacklisted BVNs from Operating PoS Terminals in Nigeria
The Central Bank of Nigeria (CBN) has introduced stringent new rules that disqualify individuals with bad debts, blacklisted Bank Verification…
Ghana’s Economy Shows Strong Gains, but Borrowing Costs Remain High — Kyei-Mensah-Bonsu Warns
Former Majority Leader Osei Kyei-Mensah-Bonsu has praised the Ghanaian government for recent improvements in the country’s economic performance, describing the…
PENGASSAN and NUPENG Urged to Build Private Refinery Using Members’ Check-Off Dues Amid Dangote Dispute
The Stand-Up South South Security Group has called on Nigeria’s petroleum labor unions, the Petroleum and Natural Gas Senior Staff…