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…
Category: Local
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…
Private Sector Pensions Rise as Job Adverts Fall in Ghana: Insights from SSNIT and BoG Reports
Ghana’s formal private sector saw a slight increase in pension contributions, signaling gradual growth in formal employment. According to the…
CBN Imposes N5 Million Fine on Illegal Agent Banking Activities, Strengthens Oversight Rules
The Central Bank of Nigeria (CBN) has stepped up enforcement against illegal agent banking activities, introducing hefty fines for breaches…
Nigeria Seeks $2 Billion Chinese Loan to Build Super Grid and End Chronic Power Shortages
Nigeria is negotiating a $2 billion loan from China’s Export-Import Bank to finance the construction of a new “super grid”…
Seplat, AXA Mansard Drive NGX Rally as Market Gains ₦786 Billion
Investors on the Nigerian Exchange Limited (NGX) continued their winning streak on Monday, pushing market capitalisation up by a substantial…
Tinubu Approves N4 Trillion Bond to Settle GenCos Debts, Boost Nigeria’s Power Sector
President Bola Tinubu has approved a N4 trillion bond to settle verified debts owed to Nigeria’s power generation companies (GenCos)…
$2 Billion Nigerian Broadband Project to Drive GDP Growth and Digital Inclusion
Nigeria is set to witness a major digital transformation as the government launches a $2 billion broadband project aimed at…
Akwa Ibom Partners with T2 to Become Nigeria’s Next Digital Innovation Hub
Akwa Ibom State is set to accelerate its digital transformation after Governor Umo Eno announced a strategic partnership with tech…
Ghana T-Bill Auction Falls Short by GH¢1.13bn as Investor Appetite Weakens
Investor interest in Ghana’s Treasury bills (T-bills) took a hit last week, leaving the government with a shortfall of GH¢1.13…
Sahara Group Acquires 7 New Oil Rigs, Aims to Boost Production to 350,000 BPD Across Africa
Sahara Group, one of Africa’s leading energy and infrastructure conglomerates, is making bold moves to expand its footprint in the…
Dangote Refinery Commends Tinubu, Security Chiefs for Preventing PENGASSAN Strike Disruption
Dangote Petroleum Refinery has applauded President Bola Ahmed Tinubu and key government officials for swiftly preventing what it described as…
Nigeria Co-Creates National AI Strategy with Innovators and Startups, Says NITDA
Nigeria is charting a new course in artificial intelligence (AI) development by co-creating its national AI governance framework with innovators,…
Nigeria’s Dele Alake Urges Africa to Industrialise Its Minerals and Build a Green Industrial Future
Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, has called on African nations to end the era of exporting…