NES #31 to Spotlight Investment Opportunities Amid Global Trade Shifts in Nigeria
As Nigeria gears up for the 31st Nigerian Economic Summit (NES #31) from October 6–8, 2025, the spotlight is on…
Category: Local
Nigeria’s E-Commerce Market Set to Surpass $16 Billion by 2030, Fueled by Jumia, Konga, and Digital Innovation
Nigeria’s e-commerce market is on a steep growth trajectory, projected to exceed $16 billion by 2030, according to the Lagos…
CBN Mandates Early CEO Approvals for Systemically Important Banks to Strengthen Governance and Stability
The Central Bank of Nigeria (CBN) has introduced a landmark directive aimed at fortifying governance and stability in the country’s…
FG Revokes 1,263 Mineral Licenses to Boost Compliance and Attract Genuine Investors
The Federal Government has revoked 1,263 mineral licenses across Nigeria in a major crackdown on non-compliant operators in the solid…
CBN MPC Meeting: Slowing Inflation Sparks Mixed Rate-Cut Expectations Among Economists
Nigeria’s slowing inflation has created a divide among economists as the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC)…
Nigerian Stock Market Weekly Report: NGX Turnover Slumps to N85.20bn Despite ASI Gains
Trading activity on the Nigerian Exchange Limited (NGX) slowed last week as investors exchanged 2.74 billion shares valued at N85.20…
Falling Inflation Sparks Rate-Cut Speculation as CBN’s MPC Meets in Abuja
Nigeria’s steadily easing inflation is fuelling expectations that the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) may finally…
Dangote Alleges NUPENG Truck Levies Fuel Nigeria’s Pump Price Hikes
Africa’s richest man and President of the Dangote Group, Aliko Dangote, has accused the Nigerian Union of Petroleum and Natural…
Ghana Treasury Bills Oversubscribed as Investor Demand Surges Despite Falling Yields
Investor appetite for Ghana’s short-term government securities remained strong last week, as Treasury bills were oversubscribed despite falling yields. According…
Naira Strengthens as CBN Injects $150m, FX Market Turnover Soars 75%
Nigeria’s foreign exchange market saw a dramatic turnaround last week, with the naira regaining ground and trading activity surging. According…
Nigerian Banks Park Surplus Cash at CBN Lending Window as Interbank Market Stalls
Nigeria’s banking sector is swimming in cash, but instead of driving up lending between institutions, banks are choosing to park…
Nigeria Supplies 67.6 Million Barrels of Crude to Local Refineries, But Demand Still Outpaces Supply
The Federal Government says it delivered over 67.6 million barrels of crude oil to Nigeria’s domestic refineries between January and…
Tinubunomics Under Fire: Abuja SMEs Struggle With Rising Costs, Taxes, and Uncertain Policies
Small and medium-scale enterprises (SMEs) in Nigeria’s capital city are sounding the alarm over a mounting cost crisis that is…
Legend Internet Posts Profit Surge but Faces Cash Crunch Amid Rising Costs in Nigeria’s ISP Market
Legend Internet Plc, Nigeria’s first publicly listed internet service provider (ISP), has delivered stronger annual profits even as it battles…
Afreximbank Warns of $330 Billion MSME Financing Gap in Africa, Calls for Inclusive Financial Reforms
The African Export–Import Bank (Afreximbank) has sounded the alarm over a staggering $330 billion financing gap facing micro, small, and…
VFD Group Completes N4.24 Billion Commercial Paper Redemption, Reinforcing Investor Confidence in Nigeria’s Debt Market
VFD Group Plc has successfully redeemed its ₦4.24 billion Series 4 Commercial Paper, issued on December 19, 2024, under its…
Nigerian Stocks Outperform Inflation: What August 2025’s Drop Means for Equity Investors
Nigeria’s stock market is extending its winning streak, delivering returns well above the country’s cooling inflation rate. With August inflation…
Nigerian Stock Market Adds ₦309bn as Investors Snap Up Dangote Cement and Blue-Chip Shares
The Nigerian stock market closed firmly in positive territory on Tuesday, adding a hefty ₦309 billion to its value as…
Economist Warns Bank of Ghana’s Aggressive Rate Cut Risks Inflation Amid Rising Utility Tariffs
Economist Professor Patrick Asuming has cautioned the Bank of Ghana (BoG) over its latest policy decision, describing the central bank’s…
Google’s Equiano Submarine Cable to Boost Nigeria’s Economy by $11.1 Billion and Drive Africa’s Digital Growth
Google has announced that its Equiano submarine cable and broader Africa Connect programme will significantly boost Nigeria’s economy by an…
Group raises alarm over massive data breach in Nigeria
Nigeria’s leading digital rights advocacy group, Paradigm Initiative, has sounded a stark warning over what it calls a “massive data…
FAAC Disburses N2.22 Trillion to Federal, State, and Local Governments for August 2025 Revenue Allocation
The Federation Account Allocation Committee (FAAC) has shared a total of N2.22 trillion among Nigeria’s federal, state, and local governments…
Court Halts NUPENG Strike Threat Against Dangote Refinery and Oil Partners
A National Industrial Court sitting in Abuja has stopped the National Union of Petroleum and Natural Gas Workers (NUPENG) and…
NECA Urges CBN to Cut Interest Rates as Inflation Eases, Calls for Relief for Nigerian Businesses and Households
The Nigeria Employers’ Consultative Association (NECA) has applauded the steady decline in Nigeria’s inflation rate, saying it offers a rare…
Nigerian Banks Urged to Boost Cybersecurity Amid Surge in Fraud Losses
Cybersecurity experts are warning that Nigerian banks must urgently increase investments in digital defenses as cybercrime continues to cost the…
Experts Divided Over NERC’s Net Billing Plan: Nigeria’s Solar Energy Future at a Crossroads
Energy experts are divided over the Nigerian Electricity Regulatory Commission’s (NERC) proposed net billing plan, a regulation that would allow…
Nigeria’s Pharma Stocks Surge: Fidson and May & Baker Lead Market Rally Amid Growing Healthcare Demand
Nigeria’s pharmaceutical sector has emerged as a standout performer on the stock market in 2025, with Fidson and May &…
FG to Disburse ₦250 Billion Bank of Agriculture Loans, Insures 250,000 Farmers to Boost Food Security
The Federal Government has announced plans to disburse ₦250 billion in loans through the Bank of Agriculture to support smallholder…
Standard Chartered Hosts Economic Roundtable in Accra, Pledges Support for Ghanaian Businesses and Growth
Standard Chartered Ghana convened a high-level Business and Economic Roundtable at its Accra headquarters, gathering senior government officials, private sector…
FAAC Distributes N2.2 Trillion August 2025 Revenue to FG, States and LGs
The Federation Account Allocation Committee (FAAC) on Wednesday announced that the Federal Government, states, and local government councils shared a…