Ghana Banks Introduce 5% Forex Withdrawal Fee Under New BoG Guidelines
Ghanaian commercial banks have begun applying a 5% fee on foreign exchange withdrawals, following the latest directives from the Bank…
Category: Local
Lagos Residents React to Proposed 5% Fuel Tax: Concerns Over Costs and Transparency
The proposed 5% fuel tax on petrol and diesel has sparked mixed reactions across Lagos, as Nigerians debate the potential…
ISSB-Aligned Sustainability Disclosures to Boost Nigeria’s Capital Market, Lower Costs, and Attract Global Investors
The Securities and Exchange Commission (SEC) has announced that adopting the International Sustainability Standards Board (ISSB) disclosure framework will significantly…
Stable Naira and Cleared FX Backlog Boost Investor Confidence in Nigeria’s Economy
Nigeria’s economic outlook is brightening as bold monetary reforms by the Central Bank of Nigeria (CBN) stabilise the naira and…
Dangote Refinery Denies NUPENG Allegations, Pledges 60,000 Jobs and Cheaper Fuel in Nigeria’s Energy Transition
Dangote Petroleum Refinery has rejected allegations by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), reaffirming its commitment…
SefRel Shop Champions ‘Buy Nigerian’ Movement to Boost Local E-Commerce and Manufacturing
Nigeria imported goods worth more than ₦60.5 trillion ($40 billion) in 2024, according to the National Bureau of Statistics, with…
Reps Panel Orders Finance Minister Wale Edun to Withdraw 2025 Budget Implementation Document
Nigeria’s House of Representatives Committee on Appropriation has issued a firm directive to Finance and Economy Minister Wale Edun to…
FG Scraps 5% Telecom Tax, Relief for Over 170 Million Subscribers
The Federal Government has officially removed the 5% excise duty on telecommunications services, a move expected to ease financial pressure…
CBN and SEC Approve Wema Bank’s ₦150bn Rights Issue, Pushing Capital Above Regulatory Threshold
Wema Bank Plc has received the green light from both the Central Bank of Nigeria (CBN) and the Securities and…
Guinness, CILEASING, LIVINGTRUST Lead 10% Surge as NGX All-Share Index Gains 0.21%
The Nigerian Exchange (NGX) closed higher on Wednesday, September 11, as the All-Share Index (ASI) climbed 300.49 points to settle…
Nigerian Equities Market Adds ₦191 Billion as Investor Confidence Strengthens
The Nigerian stock market extended its winning streak on Thursday as investors continued to show renewed confidence. The market gained…
Nigeria Achieves Record Drop in Crude Oil Losses to 9,600 Barrels per Day, Says NUPRC
Nigeria’s upstream oil sector has reached a historic milestone, slashing daily crude oil losses to just 9,600 barrels per day…
IMF Forecasts Ghana’s Public Debt to Fall to 60% of GDP by End-2025 Amid Debt Restructuring
Ghana’s public debt is projected to drop sharply to about 60% of Gross Domestic Product (GDP) by the end of…
Ghana Stock Exchange Sees 87% Drop in August 2025 Trades Despite Yearly Gains
Trading activity on the Ghana Stock Exchange (GSE) plunged in August 2025, recording one of the steepest monthly declines in…
Ghana’s Cedi Expected to Stabilize Within 5% Depreciation, President Mahama Says
President John Dramani Mahama has projected that the Ghanaian cedi will maintain moderate depreciation in the coming months, remaining within…
Germany, EU, and Nigeria Launch €18.3m Project to Transform Agriculture and Create Jobs
The Federal Government of Nigeria, in partnership with Germany and the European Union, has officially launched the €18.3 million EU-VACE…
NNPC Calls on Global Investors to Unlock Nigeria’s Untapped Oil and Gas Potential
The Nigerian National Petroleum Company Limited (NNPC) has urged international investors to explore Nigeria’s vast energy sector, highlighting untapped opportunities…
NUPRC Approves $4.4 Billion Oilfield Decommissioning Plans, Secures $400 Million Ahead of Divestments
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved 94 Decommissioning and Abandonment (D&A) plans since April 2023, covering liabilities…
FG Restricts NNPCL Tax Credit Road Contracts Below N20 Billion to Nigerian Firms
The Federal Government of Nigeria has announced that all Nigerian National Petroleum Company Limited (NNPCL) Tax Credit road contracts valued…
Bosun Tijani Champions Artificial Intelligence as Key to Nigeria’s Productivity and Prosperity
Nigeria’s Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has underscored the transformative power of Artificial Intelligence (AI)…
FG Gazettes Nigeria’s New Tax Reform Laws, Exempts Small Businesses and Cuts Corporate Tax
The Federal Government has officially published Nigeria’s sweeping new tax reform laws in the national gazette, signaling one of the…
Nigeria Labour Congress Demands Power Sector Audit After Nationwide Grid Collapse
The Nigeria Labour Congress (NLC) has called on the Federal Government to immediately conduct a comprehensive audit of the country’s…
Nigeria Must Grow GDP by 22% and Stabilise FX to Achieve $1 Trillion Economy by 2031 – Afrinvest Report
Nigeria will need to sustain an annual GDP growth rate of about 22 per cent and maintain a stable exchange…
NAICOM Orders Insurers to Submit 2024 Capital Compliance Status Under New Minimum Capital Requirement Guidelines
The National Insurance Commission (NAICOM) has issued fresh guidelines directing insurance and reinsurance companies in Nigeria to submit their compliance…
Nigeria’s Finance Minister Claims 80% 2024 Budget Execution as 2025 Implementation Stalls Over Procurement Hurdles
With less than four months to the end of the fiscal year, Nigeria’s Federal Government says it has executed 80…
CBN Launches Payments System Vision 2028 to Boost Financial Inclusion, Digital Innovation, and Secure Transactions
The Central Bank of Nigeria (CBN) has unveiled its ambitious Nigeria Payments System Vision 2028 (PSV 2028), a strategic framework…
Nigerian Defence Academy Cadets Urged to Embrace Capital Market Investments for Long-Term Financial Security
Graduating cadets of the Nigerian Defence Academy (NDA) have been advised to adopt early and sustained investment habits in Nigeria’s…
Naira Strengthens Below ₦1,500/$ for First Time Since March as Economic Reforms Boost Confidence
The Nigerian naira continued its winning streak mid-week, breaking through the symbolic ₦1,500/$ barrier in the official foreign exchange market…
Agusto & Co Upgrades Heirs Insurance Group Ratings to ‘A1’, Highlighting Strong Growth and Stability
Nigeria’s leading credit rating agency, Agusto & Co., has upgraded the ratings of Heirs Insurance Group’s life and general insurance…
SEC Urges Nigerian Insurers to Tap Capital Market for Recapitalisation Funds
The Securities and Exchange Commission (SEC) has called on Nigerian insurance companies to seize opportunities in the capital market to…