FG Blocks TotalEnergies’ $860 Million Nigerian Asset Sale Amid Regulatory Concerns
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has withdrawn its earlier approval for French oil giant TotalEnergies to sell its…
Category: Local
Nigeria’s Finance and Insurance Sector Soars 16.13% in Q2 2025, Driving GDP Growth
Nigeria’s finance and insurance sector experienced a remarkable growth of 16.13% in real terms during the second quarter of 2025,…
MAN Warns Tax Stamp Plan Could Hurt Consumers and Local Manufacturers
The Manufacturers Association of Nigeria (MAN) has raised concerns over the Federal Government’s proposed Tax Stamp System for excisable products,…
PenCom Launches “Pension Revolution 2.0” to Expand Health Insurance and Secure Retirees’ Dignity in Nigeria
The National Pension Commission (PenCom) has unveiled a bold new initiative dubbed “Pension Revolution 2.0,” aimed at transforming Nigeria’s pension…
Bank of Ghana Cuts Policy Rate to 21.5% as Inflation Eases, MPC Minutes Reveal
The Bank of Ghana has reduced its key lending rate to 21.5 percent, following a 350-basis-point cut approved by four…
Ghana Government Orders Buffer Stock Company to Buy Surplus Grains to Support Farmers and Boost Food Security
The Government of Ghana has directed the National Food Buffer Stock Company (NAFCO) to begin purchasing surplus grains from farmers…
Bank of Ghana Sets GH¢2 Million Minimum Capital for Digital Credit Providers to Boost Stability and Consumer Protection
The Bank of Ghana has rolled out new licensing requirements for Digital Credit Service Providers, setting a minimum capital threshold…
UNGA80: Global Energy Alliance Commits $16 Million to Boost Clean Energy Access Across Africa
At the 80th United Nations General Assembly (UNGA80), the Global Energy Alliance for People and Planet (GEAPP) unveiled a $16…
Oil Workers’ Unions Reject Nigerian Government’s Plan to Sell NNPCL Assets
Two of Nigeria’s most powerful oil workers’ unions — the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN)…
CBN Cuts MPR to 27% After Five Years as Inflation Eases, Banks Meet New Capital Targets
The Central Bank of Nigeria (CBN) has cut its benchmark Monetary Policy Rate (MPR) to 27 percent, the first time…
Nigeria’s 2025 GDP Growth Hinges on Fiscal Discipline, Reforms and Dangote Refinery Impact – Afreximbank’s Yemi Kale
Nigeria’s 2025 growth outlook will only materialise if policymakers maintain fiscal discipline and stay the course on reforms, Dr. Yemi…
Infrastructure Expert Urges Nigerian Government to Embrace Innovation for Lasting Roads and Runways
Infrastructure specialist Isaac Oyawoye has called on the Federal Government to make massive investments in innovation to tackle Nigeria’s worsening…
CBN Cuts Interest Rate to 27% as OPS Seeks Real Credit Relief for Businesses
The Central Bank of Nigeria (CBN) has lowered its benchmark interest rate to 27 per cent, marking its first cut…
Investors Lose ₦322bn as NGX Slumps for Second Day Amid Weak Sentiment
The Nigerian Exchange (NGX) sustained its bearish run on Tuesday, with investors losing about ₦322 billion in market value as…
Nigerian Stocks Shed ₦220bn as Investors Book Profits Ahead of MPC Rate Decision
The Nigerian Exchange (NGX) witnessed a sharp pullback on Tuesday, wiping ₦220 billion off its market capitalisation as investors locked…
Champion Breweries Reports 111% Revenue Surge, 692% Profit Growth After Bullet Acquisition
Champion Breweries Plc has posted a remarkable 111 per cent rise in revenue and a 692 per cent jump in…
14 banks have met capital requirement, says Cardoso
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says about 14 banks have met the regulatory capital requirements. Cardoso spoke…
BREAKING: CBN cuts interest rate to 27% — first in 2025
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has reduced interest rates from 27.5 percent to…
CBN MPC Meets to Decide Nigeria’s Interest Rates Amid Easing Inflation and Rising Growth Prospects
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) is meeting this week to decide on the nation’s benchmark…
Champion Breweries to Raise ₦103 Billion for Bullet Energy Drink Acquisition and Expansion Drive
Champion Breweries Plc has unveiled an ambitious plan to raise ₦103 billion to finance the acquisition of Bullet Energy Drink…
GoldBod and GCX Move to Launch Regulated Gold Trading Platform in Ghana
The Ghana Gold Board (GoldBod) and the Ghana Commodity Exchange (GCX) have begun formal talks to introduce a regulated gold…
Ghana’s $3.5bn Food Import Bill at Risk of Rising Amid Galamsey Pollution Crisis
Peasant farmers in Ghana are warning that the country’s already staggering annual food import bill of over $3.5 billion could…
MTN Nigeria on Track for ₦5 Trillion Revenue as Data Becomes Its New Growth Engine
MTN Nigeria Communications Plc is rewriting the playbook for telecoms in Africa’s largest market. The company posted an eye-catching ₦2.38…
Nigeria’s ICT Sector Sustains Strong Real GDP Growth, Driving Non-Oil Economy in Q2 2025
Nigeria’s Information and Communication Technology (ICT) sector continued its upward trajectory in the second quarter of 2025, cementing its place…
Haruna Musa on Transforming Jaiz Bank: Driving Innovation, Integrity and the Future of Non-Interest Banking in Nigeria
Nigeria’s fast-changing financial sector is under pressure to innovate and rebuild public trust, and Jaiz Bank has emerged as a…
Nigeria’s Finance and Insurance Sector Surges 16.13% in Q2 2025, Strengthening GDP Growth
Nigeria’s Finance and Insurance sector recorded a real growth of 16.13% in the second quarter of 2025, according to new…
Nigeria’s Foreign Reserves Surge to $42bn – Six-Year High Boosts Naira Stability and Investor Confidence
Nigeria’s external reserves have soared past the $42 billion mark for the first time since September 2019, hitting a six-year…
Nigeria SEC Approves Mark-to-Market Valuation for Bonds, Ushers in Transparency Era for Fund Managers
The Securities and Exchange Commission (SEC) of Nigeria has approved a landmark reform requiring fund managers to value fixed income…
Nigeria’s GDP Surges 4.32% in Q2 2025 as Oil and Non-Oil Sectors Drive Growth
Nigeria’s economy has demonstrated strong resilience in the second quarter of 2025, with Gross Domestic Product (GDP) growing by 4.32%…
NNPC, PETROAN Push for Technical and Equity Partnership to Revive Port Harcourt Refinery
Oil marketers under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have called on the Federal Government to…