Nigeria’s Intra-African Trade Rises by ₦610bn Amid Weak Naira, Shifting Global Ties
Nigeria’s trade with other African countries surged by ₦610 billion in the first half of 2025, reflecting a renewed push…
Category: Local
Tony Elumelu Foundation Donates ₦1 Billion to Empower 18,500 Nigerian Women Under Renewed Hope Initiative
In a major push for women’s economic inclusion, the Tony Elumelu Foundation (TEF) has donated ₦1 billion to the Renewed…
NGX Market Capitalisation Soars to N140.6 Trillion in September 2025, Boosted by Economic Reforms and Investor Confidence
Nigeria’s stock market surged to a record N140.6 trillion in September 2025, signaling renewed investor confidence in the nation’s capital…
Trillion-Naira Club: Top 10 Most Profitable Stocks Driving NGX Growth in Q3 2025
Nigeria’s equities market recorded an impressive 18.95% return in Q3 2025, largely driven by a powerful rally among heavyweight stocks…
United Capital: Profit up, stock down; is the market overlooking its growth
United Capital Plc is proving to be one of the most intriguing stocks on the Nigerian Exchange (NGX) — a…
Naira Rises to ₦1,465 per Dollar as FX Inflows Strengthen and Dollar Weakens
The Nigerian naira extended its rally last week, closing at ₦1,465 per U.S. dollar at the official market, buoyed by…
Petrol Still Sells at ₦865 Despite Dangote’s Free Delivery Offer and ₦820 Supply Price
Despite Dangote Refinery’s effort to ease fuel prices nationwide by supplying petrol at ₦820 per litre without delivery costs, major…
Naira Strengthens as CBN Reforms Boost Confidence, Cut Speculation in FX Market
Nigeria’s naira is making one of its strongest comebacks in recent years, lifted by decisive Central Bank of Nigeria (CBN)…
Investor Panic as Nigeria’s 25% Capital Gains Tax on Equities Sparks Fears of Capital Flight
Nigeria’s capital market is reeling from fresh anxiety following confirmation that a 25% Capital Gains Tax (CGT) on share disposals…
Niger State signs multi-billion-dollar agricultural MoU with the Republic of Benin
Niger State has officially entered into a multi-billion-dollar Memorandum of Understanding (MoU) with the Republic of Benin to enhance agricultural…
CBN Pledges Clean Naira Notes, Boosts Economic Stability at Abuja Trade Fair
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to ensuring the availability of clean and well-mixed currency notes,…
Renaissance Aims to Boost Nigeria’s Oil Production Above 2 Million BPD with Shell Onshore Takeover
Nigeria’s oil production could soon surge past the two million barrels per day (bpd) milestone, as Renaissance, the new owner…
Lagos Hosts ICT Commissioners Roundtable, Driving National Digital Economy and Innovation Collaboration
Lagos State recently became the epicenter of innovation in Nigeria as it hosted the ICT Commissioners Roundtable during GITEX, drawing…
Capital Market Operators Push for Bold Reforms to Restore Investor Confidence in Nigeria
Capital market operators have renewed calls for the Federal Government to implement bold reforms that would attract more companies to…
Apple, Google spotlight Lagos gaming studio Maliyo
Two global tech giants, Apple and Google, have turned the spotlight on Lagos-based Maliyo Games, a studio championing African creativity…
Full Implementation of Industrial Policy Vital for Nigeria’s Economic Growth – MAN
The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to fully implement the forthcoming national industrial policy if…
Tinubu to Commission $400m Rivers Oil Export Terminal, Nigeria’s First in 50 Years
President Bola Ahmed Tinubu will on October 8 inaugurate the $400 million Otakikpo Onshore Crude Oil Export Terminal in Rivers…
Domestic Investors Slash Stock Trades by N932bn in August as Foreign Participation Rises
Domestic investors on the Nigerian Exchange Limited (NGX) sharply reduced their participation in August 2025, cutting back on stock trades…
Nigeria’s AI Strategy Targets $15bn GDP Boost, Equips Youth with 70% AI Skills by 2030
Nigeria is making a bold play to secure its place in the global Artificial Intelligence (AI) revolution with an ambitious…
PenCom’s N20bn Recapitalisation May Stifle Growth of PFAs, PFCs – Renaissance Capital Warns
Nigeria’s pension industry faces a major shake-up following the National Pension Commission’s (PenCom) new recapitalisation directive, which has raised the…
Nigeria’s Money Supply Hits N119.52 Trillion as Government Borrowing Falls 25.7% in August 2025
Nigeria’s financial landscape shifted notably in August 2025 as the country’s broad money supply (M3) rose to N119.52 trillion, even…
IMF Endorses Ghana’s Fiscal Reforms, Urges Discipline Beyond 2026 Program Exit
The International Monetary Fund (IMF) has expressed confidence in Ghana’s economic reforms, assuring that the country is well positioned to…
Ghana Inflation Falls to 9.4%, Economist Warns Against “Overstretching” the Fight
Ghana has recorded its first single-digit inflation in four years, as headline consumer prices slowed to 9.4% in September 2025,…
CBN Rate Cut to 27% Puts Pressure on Nigerian Banks’ Profits, Says Moody’s
Global ratings agency Moody’s Investors Service has warned that Nigerian banks could face shrinking profits following the Central Bank of…
Nigeria Becomes Senegal’s Key Crude Supplier Despite New Oil Discovery
Nigeria has emerged as a lifeline for Senegal’s energy sector, supplying the bulk of crude oil to the country’s only…
Nigeria Boosts Oil Production by 200,000 BPD, Unlocks $5.5 Billion in Investments to Attract Global Investors
The Federal Government of Nigeria has announced a significant boost to the country’s crude oil output following recent divestments by…
Digital Transformation Set to Revolutionize Nigeria’s Energy Sector, Experts Say
Nigeria’s energy sector is poised for a major transformation as industry experts call for the full adoption of digital technologies…
Group Warns of External Plots Against Dangote Refinery, Urges Protection of Nigeria’s Energy Giant
The Stand-Up South South Security Group has raised alarms over what it described as external efforts aimed at frustrating the…
Pension Funds Expand Foreign Investments as PenCom Issues New Guidelines
Pension Fund Administrators (PFAs) and Closed Pension Fund Administrators (CPFAs) are increasingly shifting funds into foreign assets as Nigeria continues…
Experts Say NIIRA 2025 Will Boost Economic Growth, Strengthen Insurance Sector in Nigeria
The recently enacted Nigeria Insurance Industry Reform Act (NIIRA) 2025 has been described by industry leaders as a game-changer that…