Heirs Insurance Earns Strong Agusto&Co Ratings, Strengthening Market Position
Heirs Insurance Group has secured a major boost to its credibility after leading ratings agency Agusto&Co awarded strong credit ratings…
Category: Local
Nigeria’s Tax Committee Exempts Kerosene, LPG, and CNG from 5% Fuel Surcharge to Ease Cost-of-Living Pressure
The Presidential Fiscal Policy and Tax Reforms Committee has announced that Nigeria’s new 5% fuel surcharge will not apply to…
Dangote Refinery Denies Shutdown Rumors, Reaffirms Commitment to Petrol Supply
The Dangote Petroleum Refinery has dismissed reports suggesting it plans to shut its petrol unit for up to three months,…
Nigeria Launches 1Gov Cloud Project to Drive Paperless Governance Across MDAs
The Federal Government has officially launched the 1Government Cloud (1Gov) Digitalisation Project, a sovereign platform designed to modernise public service…
Tesla Proposes $1 Trillion Elon Musk Pay Deal with Scaled-Back Promises
Tesla has unveiled a staggering $1 trillion pay package for CEO Elon Musk, but many of the milestones tied to…
Samsung Launches Galaxy A07 in Nigeria: Slim Design, Durability, and Affordable Care+ Plan
Samsung Electronics has officially introduced the Galaxy A07 in Nigeria, the latest addition to its popular A-series lineup. Following the…
NGX Lifts Suspension on Universal Insurance as Firm Meets Financial Reporting Obligations
The Nigerian Exchange Limited (NGX) has officially restored trading rights to Universal Insurance Plc, following the insurer’s compliance with its…
CBN Governor Cardoso Hints at Interest Rate Cuts as Inflation Eases and Investor Confidence Rises
Nigeria’s Central Bank governor, Olayemi Cardoso, has indicated that interest rates could soon fall as inflation shows signs of cooling…
NGX Slams N133m Fines on 17 Companies Over Late Financial Filings
The Nigerian Exchange Regulation Limited (NGX RegCo) has fined 17 listed companies a total of ₦133.4 million for failing to…
Nigerian Businesses Struggle as Loan Interest Rates Soar to 36%
Nigerian businesses are reeling under crushing loan costs, with commercial bank interest rates now ranging between 29% and 36%. The…
Naira Strengthens to ₦1,514/$, Hits Five-Month High on Strong Dollar Inflows
The Nigerian naira ended last week on a strong note, trading at ₦1,514.86 to the US dollar at the official…
Ghana T-Bills Auction Records 15% Oversubscription as Investor Appetite Grows
Ghana’s Treasury market rebounded strongly last week, with the latest Treasury bills (T-bills) auction recording its first oversubscription in a…
Nigeria’s Banks Face Pressure as N3 Trillion Liquidity Surge Tests CBN’s Inflation Fight
Nigeria’s banking sector is swimming in cash, but analysts warn that the flood of liquidity may do more harm than…
Fuel Crisis Looms as NUPENG, IPMAN, and PETROAN Halt Operations Over Clash With Dangote Refinery
Nigerians are bracing for another round of crippling fuel scarcity as key players in the petroleum sector — including the…
FG Boosts Support for SMEs to Tackle Trade Challenges and Enhance Export Competitiveness
The Federal Government has reaffirmed its commitment to supporting small and medium enterprises (SMEs), which account for over 48% of…
CBN Strengthens Digital Payments with Geo-Tagged PoS Terminals and ISO 20022 Standards
The Central Bank of Nigeria (CBN) is stepping up measures to secure digital transactions with new rules for point-of-sale (PoS)…
BPE Moves to List Two DisCos and One GenCo on NGX, Eyes N312 Billion in 2025 Revenue
The Bureau of Public Enterprises (BPE) has announced plans to list two electricity distribution companies (DisCos) and one generation company…
NGX Penny Stocks Set to Soar Again This September: Top Affordable Picks for Retail Investors
As of August 2025, investors who placed N1 million on Nigeria’s penny stocks at the start of the year could…
Ghanaian Cedi Loses Ground as Import Demand Surges Ahead of Holiday Season
The Ghanaian cedi’s recent status as a global top performer has hit a stumbling block as rising demand for dollars…
Fintech Drives Financial Inclusion in Nigeria: Experts Highlight Banking and Insurance Growth Opportunities
Nigeria’s journey to broaden financial inclusion has received a significant boost from fintech, with experts highlighting its potential to bring…
Nigeria Targets 21% ICT Contribution to GDP by 2027, Launches ₦75m Research Grant
The Federal Government has set an ambitious target to raise the contribution of the Information and Communications Technology (ICT) sector…
Standard Bank Revises Naira Forecast, Predicts N1,585.5/$1 by End of 2025 Amid Economic Shifts
Standard Bank has revised its outlook on the Nigerian naira, projecting that the currency will close 2025 at N1,585.5 per…
FG to List Power Assets on Nigerian Exchange to Boost Transparency and Investor Confidence
The Federal Government has unveiled plans to list three of Nigeria’s top-performing power assets on the Nigerian Exchange (NGX), in…
MTN Ghana to Gradually Phase Out 2G and 3G Networks, Prioritizes Smooth Transition to 4G
MTN Ghana has announced plans to gradually phase out its 2G and 3G networks, assuring customers that the transition will…
Edun Pushes National Single Window to Boost Trade, Revenue, and Economic Stability
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed the Federal Government’s commitment to launching…
Nigerian Stock Market Slumps by N368bn as Profit-Taking Weighs on Investors
The Nigerian equities market suffered another setback as sustained profit-taking dragged the market into a deeper slump, wiping off ₦368…
Security Boost: FG Empowers 37 Young Agripreneurs with N18.5m Start-Up Capital
The Federal Government has taken another step toward strengthening food security and tackling graduate unemployment as the Ogun–Oshun River Basin…
Nigeria’s Non-Oil Revenue Soars 40% to N20.6tn in 2025, Presidency Hails Fiscal Reforms
Nigeria’s Presidency has announced a significant boost in non-oil revenues, reporting a 40.5 percent rise to N20.6 trillion between January…
CBN FX Reforms Boost Yuan-Naira Trade as Naira Gains Stability
The Central Bank of Nigeria’s recent foreign exchange reforms are strengthening confidence in the naira and opening new opportunities for…
CNG Price Surges to N450/SCM as FG Reduces Subsidies Amid Long Queues
The cost of Compressed Natural Gas (CNG) has sharply risen to N450 per standard cubic metre (SCM) as the Federal…