Capital Market Leaders Back Tinubu’s Reforms, Urge Firms to List on NGX
Stakeholders in Nigeria’s capital market have thrown their weight behind President Bola Tinubu’s economic reforms and called on more companies…
Category: Local
FG Approves 2026–2030 National Development Plan to Drive Growth, Reforms, and Job Creation
The Federal Government has approved a new Medium-Term National Development Plan (MTNDP) 2026–2030, aimed at consolidating ongoing reforms and accelerating Nigeria’s…
MTN Ghana CEO Stephen Blewett Elected Chairperson of Ghana Chamber of Telecommunications
The Ghana Chamber of Telecommunications has announced a major leadership transition, with MTN Ghana CEO Stephen Blewett elected as Chairperson of its…
NCC Unveils New Cybersecurity Framework to Safeguard Nigeria’s Telecom Sector by 2026
The Nigerian Communications Commission (NCC) has announced plans to roll out a new cybersecurity framework aimed at strengthening protection across…
Nigerian Banks Face Capital Discipline Tests as CBN’s Forbearance Window Ends in 2025
Nigeria’s banking sector is approaching a critical juncture as the Central Bank of Nigeria (CBN) prepares to end its regulatory…
Nigerian Stock Market Slips to N88.9tn Amid Bearish Trading, Investors Lose N438bn
The Nigerian Exchange closed in the red on Thursday as bearish trading wiped off N438 billion from investors’ wealth, pushing…
Nigeria’s Cheap Stocks in 2025: Hidden Bargains or Value Traps?
Fifteen Nigerian companies across banking, insurance, industrials, and real estate are currently trading below their book value, with an average…
Tariff Hike Forces 2.4 Million Nigerians Off Internet Despite Rising Data Usage
A sharp 50 percent tariff hike on telecom services has triggered a significant decline in Nigeria’s mobile and internet subscriptions,…
NESG Urges FG to Prioritize Economic Stabilization, Productivity, and Job Creation
The Nigerian Economic Summit Group (NESG) has advised the Federal Government to focus on three key priorities to sustain Nigeria’s…
Nigeria’s High Interest Rates Drive Surge in Short-Term Corporate Borrowing
Nigerian companies are increasingly turning to short-term debt instruments to navigate soaring borrowing costs fueled by record-high interest rates. Firms…
Naira Rebounds as Nigeria’s Foreign Reserves Hit $41.2 Billion, Boosting Investor Confidence
The naira regained strength on Wednesday after two days of marginal losses, supported by Nigeria’s external reserves crossing the $41…
Experts Call for AI and Technology Adoption to Boost Nigeria’s Economic Diversification
Technology and economic experts have urged Nigeria to accelerate the adoption of Artificial Intelligence (AI) and digital innovation as a…
BREAKING: Access Holdings appoints Innocent Ike as new GMD/CEO as Aig-Imoukhuede consolidates control
Access Holdings Plc has confirmed the appointment of Mr. Innocent Ike as its substantive Group Managing Director and Chief Executive…
Nigerian Stock Market Dips as Cornerstone, RT Briscoe Lead Losers Amid N324bn Decline
The Nigerian stock market closed on a negative note on Thursday, shedding N324 billion in market capitalization after the benchmark All-Share Index…
Nigeria Targets 20% GDP Boost Through AI and Digital Innovation, Says NITDA
The Federal Government of Nigeria has reaffirmed its commitment to leveraging artificial intelligence (AI) and digital innovation as key drivers…
BoG Enforces New Forex Rules: Importers, Exporters Urged to Use Credit Cards for Overseas Transactions
The Importers and Exporters Association of Ghana has urged its members to adopt credit or Visa cards for international transactions…
IMF Urges Governments to Boost Debt Transparency to Lower Borrowing Costs
The International Monetary Fund (IMF) has called on governments worldwide to strengthen debt transparency to restore investor confidence and reduce…
Nigeria Faces 18.9% Oil Production Deficit, Missing 2025 Budget Target by 82.5 Million Barrels
Seven months into the 2025 fiscal year, Nigeria’s crude oil output has fallen short of projections by 82.46 million barrels,…
Ghana Launches New Financing Frameworks to Boost Cocoa, Oil Palm, and Strategic Crops
Ghana has initiated a major step to strengthen agricultural financing by setting up three Technical Committees to develop new funding…
Tinubu Commends Nigeria’s Capital Market Growth, Vows More Reforms During Brazil Visit
President Bola Tinubu has lauded the significant growth of Nigeria’s capital market, attributing the surge in market activity to renewed…
CBN Sets October 31 Deadline for Banks to Upgrade to ISO 20022 and Geo-Tag Payment Terminals
The Central Bank of Nigeria (CBN) has directed all financial institutions and payment service providers to complete the migration to…
Naira Falls to N1,550/$ in Parallel Market as FX Gap Widens
The Naira weakened further on Tuesday, sliding to N1,550 per dollar in the parallel market, down from N1,540 recorded on Monday.…
Nigeria’s Stock Market Surges: Local Investors Drive N1.81 Trillion FPI Boom in July 2025
Nigeria’s stock market witnessed a remarkable surge in July 2025, with foreign portfolio investment (FPI) hitting N1.81 trillion, more than…
Nigeria’s Industrialisation at Risk as Manufacturing, Agriculture Sectors Decline Despite GDP Rebasing
Nigeria’s path to industrialisation faces growing threats as manufacturing and agriculture sectors continue to weaken, widening the gap with the…
13% Derivation Fund Helps Oil-Producing States Slash Domestic Debt by N611bn Despite Rising Criticism
Oil-producing states in Nigeria have cut their combined domestic debt by about N610.84bn between June 2023 and March 2025, thanks…
Stockbrokers Call for Capital Market Reforms to Achieve Nigeria’s $1 Trillion Economy Goal
The Chartered Institute of Stockbrokers (CIS) has urged the Federal Government to implement comprehensive capital market reforms as part of…
Nigeria’s Oil Production Hits Six-Month High at 1.5m bpd, Surpasses OPEC Quota Again
Nigeria’s crude oil production climbed to its highest level in six months in July, marking a strong rebound after early-year…
First Fund Customers Threaten Protest Over GH¢170m Locked Funds After Six-Year Delay-Ghana
Aggrieved investors of First Fund, a scheme formerly managed by the defunct First Banc Financial Services, have issued a two-week…
Banks’ Cash Deposits with CBN Drop 41.6% as Borrowing Hits ₦820bn Amid Tight Liquidity
Nigeria’s banking sector experienced a dramatic liquidity shift last week as commercial banks slashed excess cash deposits with the Central…
Dangote Refinery Fuel Rollout Stalled as FG, Marketers Clash Over CNG Logistics Plan
The planned nationwide rollout of petroleum products by Dangote Petroleum Refinery has hit a major setback following a deadlock between…