JUST IN: Dangote Refinery reorganises workforce over sabotage, denies mass sack
Dangote Petroleum Refinery and Petrochemicals has announced a sweeping reorganisation of its operations and workforce, saying the move is aimed…
Category: Local
CBN Cuts Interest Rate to 27% to Ease Borrowing Costs for SMEs and Households
The Central Bank of Nigeria (CBN) has lowered its benchmark Monetary Policy Rate (MPR) by 50 basis points to 27…
Cooking Gas Prices Drop: Average 5kg Cylinder Now Costs ₦6,404 in August 2025 – NBS Report
Nigerians are finally getting some relief at the cooking gas pump as prices dropped sharply in August 2025. According to…
AMCON Offloads 34% Stake in Unity Bank to Providus Bank Ahead of Landmark Merger
The Asset Management Corporation of Nigeria (AMCON) has sold its entire 34 per cent equity holding in Unity Bank Plc…
Nigeria Records $19.92 Billion in Investment Signals in Q2 2025, Surging 278% from Q1
Nigeria has recorded a remarkable $19.92 billion in investment signals in the second quarter of 2025 (Q2’25), representing a 277.9%…
FGN Launches N200bn 5- and 7-Year Bonds at 17.95% Yield for Investors
The Federal Government of Nigeria (FGN) has opened a fresh investment opportunity, offering N200 billion worth of bonds through its…
Citi Projects Naira to Weaken to ₦1,700/$ by 2026 as CBN Cuts Rates and Oil Prices Fall
The Nigerian naira, which has shown surprising stability throughout 2025, may lose some of its strength next year, according to…
Nigerian Equities Market Rebounds as Investors Inject N279bn, Boosting Market Capitalisation
The Nigerian equities market staged a strong comeback on Thursday, reversing earlier losses with a N279 billion boost to market…
World Bank Urges Ghana to Favour Concessional Loans Over Costly Domestic Borrowing
The World Bank has advised Ghana’s government to prioritise concessional loans from international lenders over high-interest domestic borrowing to finance…
Nigeria Breaks 10-Year Oil Investment Drought as Reforms Attract Billions in Fresh Capital
Nigeria’s oil sector is witnessing a revival after a decade of stagnation, as fresh investments pour in following sweeping reforms…
Julius Berger exits agro-processing, leases cashew plant to Eko Organic Foods
Julius Berger Nigeria Plc has announced it is stepping back from direct agro-processing operations by leasing its cashew processing plant…
NUPRC approves sale of TotalEnergies’ stake in OML 118 to SNEPCo, Agip
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given its approval for TotalEnergies EP Nigeria Limited to divest its entire…
Ekiti tops fiscal transparency ranking with 100% success
Ado-Ekiti State has, once again, been recognised as the most fiscally transparent state in Nigeria, achieving a perfect 100 per…
FG announces tuition-free education in technical colleges
In its bid to make technical education accessible to all Nigerian children, the Nigerian Government has announced tuition-free education in…
First HoldCo Chairman Otedola acquires N1.21 billion direct shares, increases indirect stake
First HoldCo Plc has revealed that its Group Chairman, Mr Olufemi Otedola, a significant shareholder, has increased his stake in…
Ghana Signs $256 Million Debt Restructuring Deal with UK, Unlocking Key Infrastructure Projects
Ghana has taken a major step toward economic recovery by signing a $256 million bilateral debt restructuring agreement with the…
Ghana’s $500 Billion Net-Zero Transition Plan Targets 2070 with Private Sector Support
Ghana has announced that achieving a net-zero energy transition by 2070 will require more than $500 billion in investments, highlighting…
PenCom Directs PFAs to Report Pension Contributions Above $10,000 to NFIU Within 24 Hours
The National Pension Commission (PenCom) has issued a strict directive requiring all Pension Fund Administrators (PFAs) and Pension Fund Custodians…
PenCom Opens Pension Funds to Foreign Currency Investments, Sets Reporting Rules for Contributions Above $10,000
The National Pension Commission (PenCom) has announced a major policy shift, allowing Pension Fund Administrators (PFAs) to invest a portion…
Nigeria Reaches 2 Million Barrels per Day capacity Crude Oil Production Amid Efforts to Curb Theft – NUPRC
Nigeria has now reached a production capacity of 2 million crude oil barrels per day (bpd), the Nigerian Upstream Petroleum…
AI in Regulation: Experts Highlight Benefits and Risks at 2025 ICE Summit
Experts at the 2025 ICE Summit Regulators’ Masterclass have shed light on the growing role of Artificial Intelligence (AI) in…
World Bank Urges Bold Reforms to Drive Ghana’s Generational Economic Transformation
The World Bank has called on Ghana to implement urgent economic reforms to secure long-term growth and create more jobs,…
Policymakers, investors meet at Nigeria Fintech Week
Africa’s largest fintech gathering, Nigeria Fintech Week (NFW25), is set to bring together over 20,000 stakeholders, investors, and policymakers from…
NGX Domestic Transactions Hit N5.46tn in Eight Months as Local Investors Dominate Nigerian Equities Market
Domestic transactions on the Nigerian Exchange Limited (NGX) surged to N5.46 trillion in the first eight months of 2025, highlighting…
Dangote Fuel Price Cuts Fail to Reach Lagos and Ogun Motorists as Marketers Hold Steady
Fuel marketers in Lagos, Ogun, and other key Nigerian states have not yet passed on recent petrol price reductions announced…
NNPCL Allocates N318bn to Frontier Oil Exploration Amid Revenue Shortfalls
The Nigerian National Petroleum Company Limited (NNPCL) has secured N318.05 billion between January and August 2025 for frontier oil exploration,…
Nigerian Stock Market Loses N135bn in Third Weekly Decline Amid Investor Caution
The Nigerian Exchange Limited (NGX) closed in negative territory for the third time this week, losing N135 billion in market…
CBN Cuts MPR to 27%: Experts Praise Move, SMEs Struggle with High Borrowing Costs
The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) by 50 basis points, bringing it down…
Dangote Sugar Soars 10% as Nigerian ASI Falls, Fugaz Stocks Drive Market Volume
The Nigerian stock market experienced mixed fortunes on September 24, 2025, as the All-Share Index (ASI) slipped for the fourth…
Naira Abuse Drives Up Printing Costs: CBN Launches Nationwide “Handle with Care” Campaign
The Central Bank of Nigeria (CBN) has sounded the alarm over the rising costs of printing and replacing naira notes,…