Nigeria’s Economic Growth Slows in July 2025 as Manufacturing Suffers Historic Decline
Nigeria’s economic growth lost significant momentum in July 2025, with the manufacturing sector experiencing its steepest contraction on record. This…
Category: Local
Banks’ Deposits with CBN Surge 783% to ₦79.8 Trillion Amid Excess Liquidity and Tight Interbank Market
Banks’ deposits with the Central Bank of Nigeria (CBN) soared by 783.7% year-on-year to ₦79.8 trillion in the first seven…
Ghana’s T-Bill Auction Oversubscribed by 42% as Investors Rush to Lock in Yields
Ghana’s latest Treasury bill (T-bill) auction has recorded a significant oversubscription, with investor demand surpassing the government’s target by 42.07%.…
Debt Discipline Vital to End Ghana’s IMF Dependency – Experts Warn
Ghana must embrace sustainable debt management to escape its recurring dependence on the International Monetary Fund (IMF) bailouts, according to…
SEC Flags $2.1bn in Suspicious Crypto Deals Across West Africa
The Director-General of Nigeria’s Securities and Exchange Commission (SEC), Emomotimi Agama, has raised alarms over a staggering $2.1 billion worth…
CBN’s FX Code Sparks Naira Rally, Market Stability, and Investor Confidence
Six months after the Central Bank of Nigeria (CBN) launched the Nigerian Foreign Exchange Code (FX Code), the country is…
IMF Upgrades Nigeria’s 2025 Growth Forecast Amid Easing Inflation, Currency Stability
The International Monetary Fund (IMF) has revised its 2025 economic growth forecast for Nigeria upward, projecting a 3.4% expansion—higher than…
Forex Inflows Drop 20.9% in July Despite Market Optimism, Naira Shows Modest Gains
Foreign exchange inflows into the Nigerian Foreign Exchange Market (NFEM) declined sharply by 20.9% in July 2025, marking the second…
Nigeria’s Business Confidence Climbs for Sixth Month in 2025; Manufacturing Sector Drives Economic Recovery
Nigeria’s Business Performance Index showed sustained growth for the sixth consecutive month in June 2025, reflecting growing confidence and resilience…
DMO Opens August 2025 FGN Savings Bonds with Up to 15.4% Interest Amid Declining Rates
The Debt Management Office (DMO) has announced the opening of the August 2025 Federal Government of Nigeria (FGN) savings bond…
FBNQuest Forecasts 3.4% GDP Growth for Nigeria in 2025, Naira to Weaken to N1,662/$
Analysts at FBNQuest Merchant Bank project that Nigeria’s economy will maintain its recovery in 2025, with real GDP expected to…
How AI and RegTech Are Transforming Compliance for Nigerian Startups – Expert Insight from Kayode Opeyemi
As Nigeria’s fintech industry matures, startups are experiencing increasing regulatory scrutiny from agencies like the Central Bank of Nigeria (CBN)…
Banks Unlikely to Cut Lending Rates Despite BoG’s Aggressive Rate Slash – Economist-Ghana
Despite the Bank of Ghana’s (BoG) bold decision to cut the policy rate by 300 basis points to 25 percent,…
NNPC Raises Petrol Price to N890/Litre, Surpassing Market Average Amidst Downstream Sector Tensions
The Nigerian National Petroleum Company (NNPC) Ltd has increased the pump price of Premium Motor Spirit (PMS), commonly known as…
Nigerian Businesses Struggle with Credit Crunch Despite Rising Optimism — NESG-Stanbic Report
Nigerian businesses experienced a deepening credit crunch in June 2025 despite signs of robust economic recovery, according to the latest NESG-Stanbic…
Nigerian Stock Market Hits Record High as NGX Gains 5.07%, Adds ₦4.32 Trillion in Value
The Nigerian Exchange (NGX) continued its remarkable bullish run, marking its tenth consecutive week of gains. The All-Share Index (ASI)…
Marketers seek unified distribution plan with Dangote Refinery
Oil marketers under the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) are urging the Dangote Refinery to collaborate…
Africa Creative Market 2025 to Drive Export Growth and Global Investment
The Africa Creative Market (ACM) has announced that its 2025 edition will be centered on expanding Africa’s creative exports and…
FG’s Forex Windfall Plummets 73% in H1 2025 Amid Exchange Rate Realignment
Nigeria’s federal government saw a sharp 73% decline in foreign exchange (FX) gains during the first half of 2025, dropping…
Farmers Reject Anchor Borrowers’ Scheme as CBN Ends Intervention Efforts
The Anchor Borrowers’ Programmer (ABP), introduced by the Central Bank of Nigeria (CBN) in 2015 to boost smallholder farmers’ access…
Banks Flood CBN with N79.8 Trillion in Deposits Amid Surging Liquidity and Tight Money Market
Banks’ deposits with the Central Bank of Nigeria (CBN) skyrocketed by 783.7% year-on-year to N79.8 trillion in the first seven…
Africa’s Fintech Sector Dominates Startup Funding with $640 Million in H1 2025
Africa’s fintech industry reclaimed its position as the continent’s leading startup funding recipient in the first half of 2025, securing…
FCMB Group Reports ₦79.3 Billion Profit Before Tax in H1 2025
FCMB Group Plc posted a profit before tax (PBT) of ₦79.3 billion for the first half of 2025, representing a…
Forex Access Challenges Persist Despite Cedi Gains — Ghana Importers and Exporters Sound Alarm
The Importers and Exporters Association of Ghana has expressed serious concern over ongoing difficulties in accessing foreign exchange (forex) through…
Naira Ends July Slightly Weaker at ₦1,533.55/$ Despite Signs of Stability
The Nigerian naira closed July 2025 at ₦1,533.55 to the US dollar in the official market, slipping by 0.25% from…
NGX Wraps Up Bullish July with N12.62tn Surge, All-Time Highs Set Ahead of Earnings Season
The Nigerian Exchange (NGX) ended July 2025 on a powerful bullish streak, with market capitalization surging by a remarkable N12.62tn.…
AfDB Commits $503m to Boost Nigeria’s Clean Energy Transition
The African Development Bank (AfDB) has pledged $503 million to support Nigeria’s ongoing energy transition efforts, reinforcing the country’s shift…
Bank of Ghana to Relaunch Gold Coin Under “Cedi@60” to Boost Gold Ownership and Financial Inclusion
As part of the “Cedi@60” commemorative program, the Bank of Ghana (BoG) has announced plans to relaunch the Ghana Gold…
Bank of Ghana Slashes Interest Rate to 25% as Inflation Drops, Sparking Price Reductions
The Bank of Ghana (BoG) has significantly cut its benchmark interest rate by 300 basis points, reducing it from 28%…
NNPC Reaffirms Commitment to Port Harcourt Refinery Rehabilitation, Rules Out Sale
The Nigerian National Petroleum Company Limited (NNPC) has dismissed speculations about selling the Port Harcourt Refining Company, asserting its commitment…