Naira Strengthens Below ₦1,500/$ Amid Rising FX Inflows and Growing Reserves
Nigeria’s naira on Monday posted a significant recovery against the United States dollar, trading below the ₦1,500/$ mark for the…
Category: Local
Africa Loses $200 Billion Annually to Poor Sanitation — World Bank Urges Urgent Investment
The World Bank has sounded the alarm on the growing sanitation crisis, revealing that Africa loses an estimated $200 billion…
Turning stock market downturns into long-term gains
In Nigeria, headlines about plunging indices, falling share prices, and foreign capital flight often stir anxiety among investors. Yet experts…
Five NGX-Listed Companies Forecast N24.34bn Combined Profit for 2025 Financial Year
Five companies listed on the Nigerian Exchange (NGX) have projected a combined profit after tax of ₦24.34 billion for the…
Nigerian Banks Hold Record Excess Cash as System Liquidity Climbs to ₦2.1 Trillion
Nigerian banks are awash with cash as system liquidity hit a record ₦2.1 trillion last week, reflecting reduced intervention by…
Nigeria’s External Reserves Surge 12% to $41.66 Billion Amid Naira Gains and Rising Remittances
Nigeria’s external reserves have recorded a strong rebound, rising by 12 per cent in just three months to hit $41.663…
Nigeria Leads Global AI Adoption with Privacy-First Approach
Nigeria has emerged as a world leader in artificial intelligence (AI) adoption, outpacing global averages in both deployment and privacy…
Nigeria’s August Inflation Slowdown Sparks Calls for CBN to Cut Interest Rates
Nigeria’s inflation rate eased again in August 2025, extending its months-long slowdown and stirring debate among economists, businesses and citizens.…
Nigeria’s Inflation Drops to 20.12% in August 2025 as Food Prices Ease – NBS Report
Nigeria’s headline inflation slowed for the fifth consecutive month in August 2025, dropping to 20.12% from 21.88% in July, according…
Fuel Prices in Ghana to Rise from September 16: Diesel Up 9.4%, Petrol 4%, LPG 7.6% – COPEC
Ghanaians should brace for another round of fuel price hikes from Tuesday, September 16, 2025, as the second pricing window…
Dangote Group Denies Allegations of Cheaper Petrol Sales in Togo Amid Pricing Dispute with Nigerian Marketers
The Dangote Group has firmly denied accusations that its multibillion-dollar refinery in Nigeria sells petrol to international traders in Togo…
Nigeria Suspends Controversial 4% Import Duty Levy to Ease Trade Pressure
The Federal Government has suspended the controversial four per cent Free on Board (FOB) import duty levy recently introduced by…
Africa’s Fintech Boom Driven by Hidden Infrastructure: How Backend Platforms Like Unipesa Power Cross-Border Growth
Africa’s fintech scene often grabs attention with sleek apps and billion-dollar startups, but the real engine driving this growth lies…
Wema Bank Secures CBN, SEC Approval for N150bn Rights Issue, Surpasses N200bn Capital Requirement
Wema Bank Plc has received regulatory approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission…
Blue-Chip Stocks Drive NGX Market Capitalisation Up by N985 Billion Amid Renewed Investor Confidence
Renewed investor interest in Nigeria’s blue-chip stocks lifted the nation’s equities market capitalisation by a whopping N985 billion last week,…
Nigeria’s Crude Oil Earnings Drop by N3.18tn Despite 12.7% Production Surge
Nigeria’s crude oil export earnings fell sharply by N3.18 trillion in the first half of 2025, even as the country…
Nigeria’s Trade Surplus Jumps 44% in Q2 2025 as Non-Oil Exports and Manufactured Goods Surge
Nigeria’s trade surplus soared by 44.3% in the second quarter of 2025, reaching N7.46 trillion, up from N5.17 trillion in…
Afreximbank, MDGIF Sign $500m Deal to Boost Nigeria’s Gas Infrastructure and Cut Emissions
Nigeria’s gas sector received a major boost at the weekend as the African Export-Import Bank (Afreximbank) and the Midstream and…
FIRS Highlights Benefits of New Tax Reforms to Boost Revenue and Protect Air Travel Sector
The Federal Inland Revenue Service (FIRS) has outlined the key advantages of the Federal Government’s new tax reforms, describing them…
Importers Warn 4% FOB Levy Could Add N4 Trillion to Freight Costs, Fuel Inflation in Nigeria
The Importers Association of Nigeria (IMAN) has raised alarm over the Federal Government’s proposed 4 percent Free-On-Board (FOB) levy on…
COMAC Urges Government to Stabilise Cedi to Prevent Fuel Price Increases in Ghana
The Chamber of Oil Marketing Companies (COMAC) has called on the government to intensify efforts to stabilise the cedi to…
Nigeria’s Forex Market Stabilizes as IMTO Diversions Ease, Oil Dollar Inflows Rise
Nigeria’s foreign exchange market is seeing a rare moment of calm as licensed currency traders report that International Money Transfer…
Nigeria SEC to Gradually Adopt ISSB Sustainability Standards to Boost Transparency and Investor Confidence
Nigeria’s Securities and Exchange Commission (SEC) has announced plans to phase in the International Sustainability Standards Board (ISSB) disclosure framework.…
Nigeria Needs 21.9% Annual Growth to Hit $1 Trillion Economy by 2031 — Afrinvest Report
Nigeria would need to achieve an annual economic growth rate of at least 21.9 percent at an exchange rate of…
Nigerian Stock Market Rebounds as Investors Gain N986 Billion Amid Renewed Buying Interest
The Nigerian stock market staged a strong rebound last week, reversing a four-week losing streak and rewarding investors with gains…
Ghana’s T-Bill Auction Misses Target by GH¢2.03bn as Investor Appetite Weakens
Ghana’s government fell short of its Treasury bill target last week, missing the mark by GH¢2.03 billion amid weakening investor…
Cedi Depreciation Sparks Debate Over Bank of Ghana’s Currency Support, Ahiagbah Slams Artificial Stability
The Ghanaian cedi’s sharp decline in recent weeks has reignited debate over how the currency was previously stabilised. Richard Ahiagbah,…
Dangote Rolls Out 1,000 CNG Trucks to Slash Fuel Prices, IPMAN Mobilises Marketers Across Nigeria
In a major move set to reshape Nigeria’s fuel market, the Dangote Petroleum Refinery on Monday deployed over 1,000 Compressed…
Nigeria’s Inflation Expected to Ease Further as FX Stability and Harvest Season Boost Price Relief
Nigeria’s inflation may continue its downward trajectory in August 2025, driven by a more stable foreign exchange market and the…
Meta Restores FIJ Facebook Page After Admitting ‘Mistake’ Amid Rising Pressure from Nigerian Authorities
Meta, the parent company of Facebook, has reinstated the Facebook page of the Foundation for Investigative Journalism and Social Justice…