Nigeria Must Grow GDP by 22% and Stabilise FX to Achieve $1 Trillion Economy by 2031 – Afrinvest Report
Nigeria will need to sustain an annual GDP growth rate of about 22 per cent and maintain a stable exchange…
Category: Local
NAICOM Orders Insurers to Submit 2024 Capital Compliance Status Under New Minimum Capital Requirement Guidelines
The National Insurance Commission (NAICOM) has issued fresh guidelines directing insurance and reinsurance companies in Nigeria to submit their compliance…
Nigeria’s Finance Minister Claims 80% 2024 Budget Execution as 2025 Implementation Stalls Over Procurement Hurdles
With less than four months to the end of the fiscal year, Nigeria’s Federal Government says it has executed 80…
CBN Launches Payments System Vision 2028 to Boost Financial Inclusion, Digital Innovation, and Secure Transactions
The Central Bank of Nigeria (CBN) has unveiled its ambitious Nigeria Payments System Vision 2028 (PSV 2028), a strategic framework…
Nigerian Defence Academy Cadets Urged to Embrace Capital Market Investments for Long-Term Financial Security
Graduating cadets of the Nigerian Defence Academy (NDA) have been advised to adopt early and sustained investment habits in Nigeria’s…
Naira Strengthens Below ₦1,500/$ for First Time Since March as Economic Reforms Boost Confidence
The Nigerian naira continued its winning streak mid-week, breaking through the symbolic ₦1,500/$ barrier in the official foreign exchange market…
Agusto & Co Upgrades Heirs Insurance Group Ratings to ‘A1’, Highlighting Strong Growth and Stability
Nigeria’s leading credit rating agency, Agusto & Co., has upgraded the ratings of Heirs Insurance Group’s life and general insurance…
SEC Urges Nigerian Insurers to Tap Capital Market for Recapitalisation Funds
The Securities and Exchange Commission (SEC) has called on Nigerian insurance companies to seize opportunities in the capital market to…
Tinubu Orders Tight Oversight of Digital Currencies as Nigeria Leads Africa in Crypto Adoption
President Bola Tinubu has instructed Nigeria’s financial and capital market regulators to step up oversight of stablecoins and other digital…
Nigeria’s Telecom Industry Faces Critical Skills Shortage as Operators Push for Training Reforms
Nigeria’s telecommunications industry is sounding the alarm over a deepening skills gap that threatens its growth and ability to deliver…
Nigerian Students Embrace AI as Study Partner, Google Search Trends Reveal
As schools reopen across Nigeria, students are increasingly turning to Artificial Intelligence (AI) as a learning companion. According to Google…
Nigeria’s Battle Against Inflation: How CBN’s Tough Policies Are Easing Economic Pressures
Nigeria’s economy has long faced headwinds ranging from corruption and insecurity to poor infrastructure and heavy dependence on imports. But…
Nigerian Bond Market Stays Flat as Investors Hold Positions at 16.97% Yield
The Nigerian bond market closed quietly on Tuesday as investors maintained a cautious stance, leaving the average yield unchanged at…
Senate Urges CBN to Extend Loan Forbearance Deadline to Protect Investors
The Senate has called on the Central Bank of Nigeria (CBN) to extend the deadline for banks to end loan…
Guinea Insurance Premium Soars to N2.94bn as Shareholders Back Recapitalisation Plan
Guinea Insurance Plc has reported strong financial growth for 2024, with Gross Premium Written rising by 35.6 percent to N2.94…
AI Deception Risks Spark Calls for Stronger Consumer Protection in Nigeria
Artificial intelligence (AI) is fast becoming one of the most transformative technologies of the 21st century, but experts are warning…
Tinubu Launches Energy Reforms to End Power Crisis in Nigerian Hospitals
President Bola Ahmed Tinubu has unveiled a comprehensive energy reform plan designed to end the recurring power supply crisis in…
Rising Nigerian T-Bill Yields Signal New Opportunities for Investors Amid Inflation Drop
Investors are seeing a shift in Nigeria’s fixed-income market as Treasury bill (T-Bill) yields rise for the third consecutive auction.…
CBN Schedules MPC Meeting for September 22: Investors Eye Interest Rate Decisions Amid Stable Naira
The Central Bank of Nigeria (CBN) has announced that its 302nd Monetary Policy Committee (MPC) meeting will take place later…
Ghanaian Businesses Gain Affordable Cybersecurity with Africa’s First Monthly SIEM Subscription Service
Ghanaian businesses now have access to Africa’s first monthly subscription-based Security Information and Event Management (SIEM) service, thanks to a…
NGX Extends Bullish Run with N254bn Gain as Banking and Insurance Stocks Drive Market
The Nigerian Exchange (NGX) sustained its bullish momentum on Tuesday, as investors’ strong interest in banking and insurance stocks lifted…
Nigerian Banks Set to Boost Digital Lending and Tech with Recapitalisation Funds – McKinsey
Nigerian banks are poised to channel newly raised recapitalisation funds into technology upgrades, digital lending, and expansion into non-banking services,…
Renewed Hope Housing Programme: FG Tackles Nigeria’s 17 Million Housing Deficit with N70bn Investment and PPPs
Nigeria’s housing landscape is undergoing a transformative shift under the Renewed Hope Housing Programme, a flagship initiative by President Bola…
Nigeria Leads in AI Adoption at 93% While Strengthening Privacy, Zoho Report Reveals
Artificial intelligence (AI) is becoming a defining feature of Nigerian business, with a staggering 93% of organisations already adopting AI…
Investors Lose ₦823bn as Bearish Sentiment Deepens on NGX
The Nigerian Exchange Limited (NGX) extended its losing streak last week as investors’ wealth dropped by ₦823 billion amid waning…
Nigeria Faces Fiscal Pressure as OPEC+ Oil Output Surge Threatens Budget Benchmarks
Nigeria is bracing for renewed fiscal strain after OPEC+ announced it would accelerate oil production increases, a move that could…
₦190bn Unclaimed Dividends: NOA Urges Nigerians to Reclaim Forgotten Stock Market Earnings
The National Orientation Agency (NOA) has called on Nigerians to reclaim their unclaimed dividends, revealing that over ₦190 billion remains…
CEMSE Urges Government to Scrap BOST Margin as Fuel Prices Squeeze Ghanaians
The Centre for Environmental Management and Sustainable Energy (CEMSE) is calling on government to immediately abolish the Bulk Oil Storage…
Nigeria Seeks $500m World Bank Loan to Boost Power Distribution and Metering Nationwide
Nigeria’s Federal Government is turning to the World Bank for a $500 million lifeline to tackle the persistent challenges in…
Dangote Refinery vs NUPENG: Fuel Supply Disruptions Deepen as Labour Dispute Escalates
Nigeria’s oil sector is facing fresh tension as talks between Dangote Refinery and labour unions—NUPENG and PENGASSAN, ended in deadlock…