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Nigerian Marketers Strike Global Deal to Cut Petrol Price to N700/Litre Amid…
Nigerian petroleum marketers have partnered with international suppliers to import cheaper fuel, aiming to reduce…
Tinubu stabilising Nigeria’s economy…he deserves encouragement – Fayose
Former Ekiti State Governor Ayodele Fayose has voiced his support for President Bola Tinubu, commending his…
Nigeria’s FX Market Soars with $5.96bn Boost, Driven by Local Export and Import…
Nigeria's foreign exchange market witnessed a major uplift in May 2025, with total inflows jumping by 62%…
Nigeria’s N22.8 Trillion Pension Assets Face Credit and Liquidity Hurdles in…
Nigeria’s pension assets, totaling N22.8 trillion as of January 2025, remain vastly underutilized for…
Naira Holds Firm Below N1,600 as Market Optimism Grows Despite Global Dollar…
The Nigerian naira maintained a relatively strong position below the N1,600/$ mark during the recent holiday…
Dangote Promises Major Overhaul of Nigeria’s Oil Sector Following Tinubu’s…
Aliko Dangote, President of the Dangote Group, has announced plans for a sweeping transformation of Nigeria’s…
Audit Failure Costs Nigeria $4m in World Bank Loan Amid Broader Project Setbacks
Nigeria is set to forfeit $4 million from a World Bank loan after failing to meet international auditing standards…
Fitch Affirms Stanbic IBTC’s ‘AAA’ Rating for 11th Straight Year, Citing Strong…
Global credit rating agency Fitch Ratings has reaffirmed Stanbic IBTC Holdings PLC’s national long-term rating at…
Nigerian Equities Market Adds N1.81trn in Four-Day Rally, ASI Rises 2.57%
The Nigerian equities market delivered a strong performance during the holiday-shortened week ending June 5, 2025,…
Nigerian Businesses Cautious Amid Optimism as Interest Rate Hike Looms — CBN…
A recent survey by the Central Bank of Nigeria (CBN) reveals a mixed economic sentiment among businesses across…
Depot Price War: Six Operators Slash Petrol Rates as Competition Heats Up
Amid growing competition in Nigeria’s downstream petroleum sector, six depot operators have reduced the price of…
Oando deepens upstream investment with $375m financing deal
Oando PLC, a leading Nigerian energy company listed on both the Nigerian and Johannesburg Stock Exchanges, has…
GH¢1 Fuel Levy Sparks Concern Over Economic Recovery Amid Calls for Strategic…
Businesses in Ghana have expressed serious concerns about the recent GH¢1 per litre fuel levy, warning that its…
Nigeria’s health budget too low to address challenges — Bill Gates
US billionaire and Gates Foundation Chair Bill Gates has expressed deep concern over Nigeria’s insufficient health…
Fitch Forecasts Growth for Nigeria’s Islamic Finance and Sukuk Market Despite…
Fitch Ratings projects notable growth for Nigeria’s Islamic finance sector from the second half of 2025 through…
Statisense Launches “Immortal AI” to Revolutionize Africa’s Data…
Statisense, Nigeria’s leading data intelligence firm, has unveiled Immortal AI, a transformative platform aimed at…
SEC Sets November Deadline for T+2 Settlement Cycle, Aims for Faster, Safer Market
The Securities and Exchange Commission (SEC) of Nigeria has mandated that all capital market participants…
CBN Drains N1.1 Trillion via OMO Auctions in May to Boost FX Inflows Amid Tight…
The Central Bank of Nigeria (CBN) withdrew a substantial N1.1 trillion from the financial system through Open…
Cost-push factors driving Nigeria’s inflation – Survey
Nigeria’s inflation crisis is being primarily driven by supply-side cost pressures rather than excess demand,…
GSM Technology Dominates Nigerian Internet Market with Over 141 Million Active…
The Nigerian Communications Commission (NCC) reports that active internet subscribers in Nigeria reached nearly…
Oando Surge Lifts NGX Market Cap to N71 Trillion Amid Strong Investor Sentiment
The Nigerian Exchange Limited (NGX) witnessed a remarkable milestone as its total market capitalisation soared to…
Naira Hits Two-Month High at N1,565.46/$ as CBN Reforms Steady FX Market
The naira surged to a two-month high on Wednesday, trading at N1,565.46 per US dollar in the official foreign…
Firms Blame Soaring Energy and Transport Costs for Nigeria’s Persistent Inflation…
The Central Bank of Nigeria (CBN) has revealed that a vast majority of Nigerian firms cite high energy costs as…
Ghana’s Inflation Drops to 18.4% in May, Lowest Since 2022 Amid Falling…
Ghana's annual inflation rate dropped sharply to 18.4% in May 2025, marking a significant decline from April’s…
Cedi to Stay Strong as Gold Earnings Boost Reserves – Finance Minister Assures…
Finance Minister Dr. Cassiel Ato Forson has assured Ghanaians that the national currency, the Cedi, will remain…
Private Sector Credit Hits ₦77.9trn in April as Nigerian Banks Defy Tight Monetary…
Credit from Nigerian banks to the private sector rose to ₦77.9 trillion in April 2025, continuing a steady upward…
Experts Warn: Without Governance, AI Could Become Africa’s Greatest Risk
At the 2025 Africa’s Beacon of ICT Merit & Leadership Award (ABoICT) held in Lagos, leading tech experts…
Nigerian Stock Market Gains N259bn on Back of Broad Investor Confidence
The Nigerian stock market continued its upward momentum as it added N259 billion in value due to renewed investor…
Recapitalization Deadline Looms as Only 10% of Nigeria’s Bureau De Change Comply;…
The recapitalisation deadline for Nigeria’s Bureau De Change (BDC) operators expires today, with less than 10…
3 Million Jobs at Risk as 1,500 Nigerian Bureau De Change Operators Fail…
The Central Bank of Nigeria’s (CBN) June 3, 2025 deadline for Bureau De Change (BDC) operators to meet new…