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Nigeria’s Debt Servicing Surges to N696bn in January, Outpaces Revenue by 144%
Nigeria's fiscal crisis deepened in January 2025 as the Federal Government spent a staggering N696.27bn on debt…
Naira Stays Firm Below ₦2,200/£ as Global Pound Strength Faces Local Resistance
The Nigerian naira held firm against the British pound in the unofficial market, closing at around ₦2,177/£ as of…
Fitch Upgrades Credit Ratings of Lagos, Kaduna, Kogi, and Oyo States Amid…
Global credit rating agency Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDRs) of Lagos,…
FG to resume payment of wage award arrears
The Federal Government has announced plans to resume payments for the outstanding five months of N35,000 wage…
FIRS Orders Banks to Close Unauthorised Tax Accounts to Boost Tax Collection…
The Federal Inland Revenue Service (FIRS) has issued a directive to all banks in Nigeria, mandating the closure of…
Richard Quaye Retires from Bills Micro Credit; Kwadwo Kwarteng Named New Board…
Business heavyweight Richard Nii Armah Quaye has officially retired from his role as Board Chairman of Bills Micro…
MTN Ghana Confirms Data Breach Affecting 5,700 Customers, Launches Investigation
MTN Ghana has officially confirmed that approximately 5,700 of its customers may have been affected by a recent…
SEC Pushes for Deeper African Capital Market Integration Through Strategic…
During a recent official visit to Morocco, the Director General of Nigeria’s Securities and Exchange Commission…
CBN Grants Direct Forex Access to PAPSS to Boost Intra-African Trade
The Central Bank of Nigeria (CBN) has implemented new measures aimed at enhancing Nigeria's role in Africa’s…
Bullish Run on NGX: International Breweries, Cadbury Spark N228bn Market Surge
The Nigerian Exchange (NGX) sustained its bullish trend on Monday, led by notable gains in blue-chip stocks such…
Nigeria’s Economic Reforms Gain Global Support, Strengthening Naira and…
At the 2025 Spring Meetings of the International Monetary Fund (IMF) and World Bank Group, Olayemi Cardoso,…
Nigeria’s SEC Recognizes Crypto as Securities: What It Means for the…
In a landmark move, Nigeria's Securities and Exchange Commission (SEC) has officially classified cryptocurrencies…
Nigeria Ranks 105th Globally in 5G/4G Network Index, 9th in Africa
Nigeria has ranked 105th globally and 9th in Africa on the Opensignal Global Network Excellence Index, which…
FG Approves Textile Development Board and $90bn Agribusiness, Livestock Growth…
The National Economic Council (NEC), chaired by Vice President Kashim Shettima, has approved the establishment of…
Nigerian Banks See 51% Surge in Customer Deposits to N140.97 Trillion in 2024 Amid…
In 2024, Nigerian banks achieved a remarkable 51% growth in customer deposits, reaching N140.97 trillion, compared…
UBA Chairman Elumelu Assures Shareholders of N500 Billion Capital Base by Q3 2025
At the United Bank for Africa (UBA) Plc's 63rd Annual General Meeting (AGM) in Abuja, UBA Chairman Tony Elumelu…
Panic Over World Bank’s 56% Poverty Surge Forecast in Nigeria: Urgent Calls…
A recent warning from the World Bank has sparked widespread concern about a projected 56% increase in poverty…
Foreign Investors Propel NGX Beyond N1trn Threshold Amid Strong Market Activity
In March 2025, the Nigerian Exchange Limited (NGX) experienced significant growth, crossing the N1 trillion…
Nigerian Senate Calls for Responsible Innovation in Fintechs, Tightens Regulatory…
Stakeholders in Nigeria’s fintech sector have been urged to innovate responsibly as the Senate looks to strengthen…
Ghana’s Inflation Set to Ease Further in April, Analysts Predict
Inflation in Ghana is expected to continue its downward trend in April 2025, with market analysts projecting a…
Government Exceeds Treasury Bill Target by GHS 550 Million in Latest Auction-…
The Government of Ghana has successfully exceeded its Treasury bill target by GHS 550 million, according to the…
SERAP Urges Zuckerberg and Meta to Pay $220M Fine and Compensate Victims for…
The Socio-Economic Rights and Accountability Project (SERAP) has called for Mark Zuckerberg, the CEO of Meta…
CBN Raises N2.93trn from T-Bills and OMO Auctions Amid Strong Investor Demand
In a significant move, the Central Bank of Nigeria (CBN) successfully raised N2.93 trillion through Treasury Bills…
Nigeria Poised for Economic Resilience Amid Global Uncertainties, Says Finance…
Nigeria’s economic outlook remains positive despite global uncertainties, according to Wale Edun, the Minister of…
Nigeria’s Debt Servicing Costs Soar to N8.9tn, Straining Public Finances
Nigeria’s debt servicing costs have skyrocketed to N8.9 trillion in the first nine months of 2024, surpassing the…
NGX gains N966bn in holiday-shortened week
The Nigerian Exchange Limited (NGX) recorded a significant boost in market capitalisation, gaining N966 billion…
World Bank names Dangote member private sector investment Lab
The World Bank Group has announced a new phase for its Private Sector Investment Lab (PSIL), aimed at scaling…
Nigeria’s Carbon Market Policy Set to Unlock $2.5 Billion by 2030, Drive Green…
President Bola Ahmed Tinubu has unveiled Nigeria’s newly finalised Carbon Market Activation Policy, projected to…
Nigeria Records $15.2 Billion Net Forex Inflow in Q1 2025 Amid Deepening Market…
Nigeria’s foreign exchange (FX) market posted a net inflow of $15.2 billion in Q1 2025, signaling a sharp boost in…
Zap Africa and Paystack: Trademark Dispute Sparks Debate on IP Awareness in…
A brewing trademark dispute between crypto startup Zap Africa and fintech heavyweight Paystack is raising eyebrows…