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Category: Local

Nigerian Pension Funds Seek Alternative Investments to Protect N24 Trillion Amid Inflation and FX Pressure
FinanceinvestmentLocal

Nigerian Pension Funds Seek Alternative Investments to Protect N24 Trillion Amid Inflation and FX Pressure

Operators in the Nigerian pension industry are calling for regulatory reforms to allow broader investment opportunities for the nation’s N24.63…

byEkeminiAugust 22, 2025August 22, 2025
Nigeria’s Banking Sector Attracts 55% of Q1 2025 Foreign Capital Inflows Amid Reforms
investmentLocal

Nigeria’s Banking Sector Attracts 55% of Q1 2025 Foreign Capital Inflows Amid Reforms

Foreign investors have shown renewed confidence in Nigeria, with the banking sector emerging as the largest recipient of capital inflows…

byEkeminiAugust 21, 2025August 21, 2025
FG Fails to Publish Budget Implementation Reports for Nearly a Year, Raising Transparency Concerns
LocalMacroeconomic

FG Fails to Publish Budget Implementation Reports for Nearly a Year, Raising Transparency Concerns

The Nigerian government has not released any quarterly Budget Implementation Reports (BIRs) in nearly a year, sparking concerns over fiscal…

byEkeminiAugust 21, 2025August 21, 2025
Nigeria Needs 22% Annual Growth, FX Stability to Hit $1 Trillion Economy by 2030 – Report
BusinessLocal

Nigeria Needs 22% Annual Growth, FX Stability to Hit $1 Trillion Economy by 2030 – Report

Nigeria’s ambition of becoming a $1 trillion economy by 2030 is achievable but will require bold policy reforms, exchange rate…

byEkeminiAugust 21, 2025August 21, 2025
NGX Market Cap Drops N663bn as Bearish Sentiment Persists
BusinessFinanceLocal

NGX Market Cap Drops N663bn as Bearish Sentiment Persists

The Nigerian Exchange (NGX) extended its bearish streak on Wednesday as equities investors lost N663 billion in market value due to sustained…

byEkeminiAugust 21, 2025August 21, 2025
NCC to Publish Quarterly Telecoms Performance Reports Using Consumer Data
BusinessLocalTechnology

NCC to Publish Quarterly Telecoms Performance Reports Using Consumer Data

The Nigerian Communications Commission (NCC) has announced plans to begin publishing quarterly reports on telecoms network performance across the country,…

byEkeminiAugust 21, 2025August 21, 2025
Nigeria GDP Rebasing Highlights Non-Oil Growth, Real Estate Overtakes Oil in Economic Contribution
BusinessLocalMacroeconomic

Nigeria GDP Rebasing Highlights Non-Oil Growth, Real Estate Overtakes Oil in Economic Contribution

Nigeria’s latest Gross Domestic Product (GDP) rebasing has revealed a major shift in the country’s growth structure, showing that non-oil…

byEkeminiAugust 21, 2025August 21, 2025
Ghana Sets Highest Cocoa Farmgate Price in West Africa – COCOBOD Defends Farmers’ Earnings
AgricultureBusinessLocal

Ghana Sets Highest Cocoa Farmgate Price in West Africa – COCOBOD Defends Farmers’ Earnings

The Ghana Cocoa Board (COCOBOD) has rejected claims that cocoa farmers in Ghana earn less than their counterparts in Côte…

byEkeminiAugust 21, 2025August 21, 2025
Bank of Ghana Bans Unsupported Dollar Payouts to Corporates to Stabilize Forex Market
BusinessLocalMacroeconomic

Bank of Ghana Bans Unsupported Dollar Payouts to Corporates to Stabilize Forex Market

The Bank of Ghana (BoG) has issued a new directive prohibiting banks from allowing large corporates to withdraw foreign currency…

byEkeminiAugust 21, 2025August 21, 2025
PepsiCo, DP World Invest $20m in Lagos Facility to Boost Nigeria’s Economy and Job Creation
BusinessinvestmentLocal

PepsiCo, DP World Invest $20m in Lagos Facility to Boost Nigeria’s Economy and Job Creation

The Federal Government has welcomed a fresh wave of foreign investment as PepsiCo and DP World commissioned a $20 million production…

byEkeminiAugust 21, 2025August 21, 2025
Nigerian Stock Market Extends Losses as CHAMPION, AUSTINLAZ Lead Gainers Despite 0.73% ASI Drop
BusinessLocalStock

Nigerian Stock Market Extends Losses as CHAMPION, AUSTINLAZ Lead Gainers Despite 0.73% ASI Drop

The Nigerian Exchange (NGX) extended its losing streak on Wednesday, August 20, 2025, as the All-Share Index (ASI) fell by…

byEkeminiAugust 21, 2025August 21, 2025
Global Exchanges Warn of Risks as Public Markets Continue to Shrink
investmentLocalStock

Global Exchanges Warn of Risks as Public Markets Continue to Shrink

The World Federation of Exchanges (WFE) has raised concerns over the continued decline of public markets, warning that the trend…

byEkeminiAugust 21, 2025August 21, 2025
Nigerian Banks to Raise Extra N900bn in 2025 as Recapitalisation Deadline Nears
BusinessLocalMacroeconomic

Nigerian Banks to Raise Extra N900bn in 2025 as Recapitalisation Deadline Nears

Nigerian banks are expected to raise an additional N900 billion in fresh capital by the end of 2025, as lenders race…

byEkeminiAugust 21, 2025August 21, 2025
Google, Microsoft, TikTok Shut Down 13.5m Accounts in Nigeria Over Online Safety Violations
LocalTechnology

Google, Microsoft, TikTok Shut Down 13.5m Accounts in Nigeria Over Online Safety Violations

Big tech companies — Google, Microsoft, and TikTok — deactivated more than 13.5 million accounts in Nigeria in 2024 as part of…

byEkeminiAugust 21, 2025August 21, 2025
Nigeria’s Corporate FX Inflows Surge to $1.2bn in July, Boosting Dollar Liquidity
BusinessLocalMacroeconomic

Nigeria’s Corporate FX Inflows Surge to $1.2bn in July, Boosting Dollar Liquidity

Nigeria recorded a significant rise in foreign exchange (FX) inflows from corporates in July 2025, providing some relief to the…

byEkeminiAugust 21, 2025August 21, 2025
Edun, Cardoso Vow Stronger Fiscal and Monetary Policy Alignment to Boost Nigeria’s Economy
LocalMacroeconomic

Edun, Cardoso Vow Stronger Fiscal and Monetary Policy Alignment to Boost Nigeria’s Economy

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Governor of the Central Bank of…

byEkeminiAugust 20, 2025August 20, 2025
DMO to Re-Issue N230bn Treasury Bills as Yields Rise Amid Liquidity Shifts
BusinessLocal

DMO to Re-Issue N230bn Treasury Bills as Yields Rise Amid Liquidity Shifts

The Debt Management Office (DMO) has announced plans to re-issue N230 billion worth of Nigerian Treasury Bills (NTBs) at the next primary…

byEkeminiAugust 20, 2025August 20, 2025
Tinubu Abolishes 5% Telecom Excise Duty to Reduce Subscriber Costs and Boost Digital Growth
BusinessLocalMacroeconomic

Tinubu Abolishes 5% Telecom Excise Duty to Reduce Subscriber Costs and Boost Digital Growth

President Bola Tinubu has officially abolished the five per cent excise duty on telecommunications services as part of Nigeria’s new…

byEkeminiAugust 20, 2025August 20, 2025
Nigeria Content Creators to Explore AI at NEMCEA 2025 Summit in Lagos
BusinessLocalTechnology

Nigeria Content Creators to Explore AI at NEMCEA 2025 Summit in Lagos

Content creators in Nigeria are set to gain fresh insights into the power of artificial intelligence (AI) at this year’s…

byEkeminiAugust 20, 2025August 20, 2025
How to Buy the Best Bank Stocks in Nigeria: Tier-1 vs Tier-2 Investment Opportunities on the NGX
BusinessinvestmentLocal

How to Buy the Best Bank Stocks in Nigeria: Tier-1 vs Tier-2 Investment Opportunities on the NGX

Nigerian banks dominate the Nigerian Exchange (NGX) with a market capitalization of over ₦16.28 trillion, making them some of the most…

byEkeminiAugust 20, 2025August 20, 2025
CBN Unveils Digital Finance Roadmap to Boost Financial Inclusion and Economic Growth in Nigeria
BusinessLocalTechnology

CBN Unveils Digital Finance Roadmap to Boost Financial Inclusion and Economic Growth in Nigeria

The Central Bank of Nigeria (CBN) has intensified efforts to drive financial inclusion through a comprehensive digital finance strategy aimed…

byEkeminiAugust 20, 2025August 20, 2025
Ghana Finance Ministry Completes GH¢9.7bn Coupon Payment Under Domestic Debt Exchange Programme
BusinessinvestmentLocal

Ghana Finance Ministry Completes GH¢9.7bn Coupon Payment Under Domestic Debt Exchange Programme

The Ministry of Finance has announced the successful completion of a GH¢9.7 billion coupon payment under the Domestic Debt Exchange…

byEkeminiAugust 20, 2025August 20, 2025
Nigeria’s N341tn Oil Reserves Locked in Undeveloped Fields Amid Rising Debt – Report
BusinessEnergyLocal

Nigeria’s N341tn Oil Reserves Locked in Undeveloped Fields Amid Rising Debt – Report

Nigeria is sitting on over 3.5 billion barrels of undeveloped oil and condensate reserves, valued at approximately N341 trillion, according to a…

byEkeminiAugust 20, 2025August 20, 2025
PenCom Blacklists Seven Mortgage Banks, Suspends RSA-Backed Equity Contributions
BusinessFinanceLocal

PenCom Blacklists Seven Mortgage Banks, Suspends RSA-Backed Equity Contributions

The National Pension Commission (PenCom) has suspended the processing of equity contribution applications from seven Primary Mortgage Banks over alleged…

byEkeminiAugust 19, 2025August 19, 2025
Nigeria Tops Africa’s Stablecoin Market with $22 Billion Transactions in One Year – Report
BusinessFintechLocal

Nigeria Tops Africa’s Stablecoin Market with $22 Billion Transactions in One Year – Report

Nigeria has solidified its position as Africa’s largest stablecoin market, processing nearly $22 billion worth of transactions between July 2023 and…

byEkeminiAugust 19, 2025August 19, 2025
SEC to Introduce Forex Trading Guidelines in Ghana to Boost Investor Confidence
BusinessLocalMacroeconomic

SEC to Introduce Forex Trading Guidelines in Ghana to Boost Investor Confidence

The Securities and Exchange Commission (SEC) has announced plans to roll out new regulatory guidelines for forex trading in Ghana,…

byEkeminiAugust 19, 2025August 19, 2025
Cedi Weakens on Interbank Market as Analysts Warn of Rising Dollar Pressures
BusinessLocalMacroeconomic

Cedi Weakens on Interbank Market as Analysts Warn of Rising Dollar Pressures

The Ghanaian cedi weakened on the interbank market last week, with market analysts warning that near-term pressures against the U.S.…

byEkeminiAugust 19, 2025August 19, 2025
Naira Weakens Slightly to ₦1,533/$ as CBN Interventions Sustain Market Stability
BusinessLocalMacroeconomic

Naira Weakens Slightly to ₦1,533/$ as CBN Interventions Sustain Market Stability

The Nigerian naira opened the week weaker at ₦1,533.67 per dollar at the official Nigerian Foreign Exchange Market, according to figures published…

byEkeminiAugust 19, 2025August 19, 2025
Nigeria to Host Global Gas Investment Forum 2025 in Lagos, Attracting Top Energy Leaders
EnergyinvestmentLocal

Nigeria to Host Global Gas Investment Forum 2025 in Lagos, Attracting Top Energy Leaders

Nigeria is set to host leading global gas investors and industry executives this October as preparations intensify for the 2025…

byEkeminiAugust 19, 2025August 19, 2025
Accesscorp, MTNN, Others Drive NGX Growth as Market Gains N61bn
BusinessLocalStock

Accesscorp, MTNN, Others Drive NGX Growth as Market Gains N61bn

The Nigerian Exchange (NGX) kicked off the new trading week on a bullish note as the benchmark All-Share Index (ASI)…

byEkeminiAugust 19, 2025August 19, 2025

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