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Category: Local

Nigeria Enacts New Law Mandating Banks to Report Transactions Over N25m Monthly — NTAA 2026
BusinessLocal

Nigeria Enacts New Law Mandating Banks to Report Transactions Over N25m Monthly — NTAA 2026

Beginning January 2026, Nigerian banks, insurance companies, and financial institutions will be required to report monthly transactions exceeding ₦25 million…

byEkeminiJuly 29, 2025July 29, 2025
GNCCI Urges BoG to Cut Policy Rate by 3% to Boost Private Sector Growth-Ghana
BusinessLocalMacroeconomic

GNCCI Urges BoG to Cut Policy Rate by 3% to Boost Private Sector Growth-Ghana

The Ghana National Chamber of Commerce and Industry (GNCCI) has called on the Bank of Ghana (BoG) to reduce the…

byEkeminiJuly 29, 2025July 29, 2025
NGX Market Capitalisation Surges to ₦85.5tn on Investor Optimism and Strong Q2 Earnings
BusinessinvestmentLocal

NGX Market Capitalisation Surges to ₦85.5tn on Investor Optimism and Strong Q2 Earnings

The Nigerian Exchange Limited (NGX) experienced significant growth in the first half of 2025, with its market capitalisation rising by…

byEkeminiJuly 29, 2025July 29, 2025
Chams Corporation Reports 42% Revenue Surge and Strategic Restructuring for Fintech Growth
BusinessinvestmentLocalTechnology

Chams Corporation Reports 42% Revenue Surge and Strategic Restructuring for Fintech Growth

Chams Holding Company PLC announced a 42% increase in revenue, reaching ₦14.93 billion for the financial year ended 2024. The…

byEkeminiJuly 29, 2025July 29, 2025
Nigerian Stock Market Surges by N1.81 Trillion in One Week Amid Earnings Season and Yield Drop
BusinessinvestmentLocal

Nigerian Stock Market Surges by N1.81 Trillion in One Week Amid Earnings Season and Yield Drop

The Nigerian stock market maintained its bullish run last week, appreciating by N1.81 trillion as investors responded positively to half-year…

byEkeminiJuly 28, 2025July 28, 2025
Naira Bonds Lead Emerging Markets Rally as Tinubu’s Reforms Boost Investor Confidence
FinanceinvestmentLocalMacroeconomic

Naira Bonds Lead Emerging Markets Rally as Tinubu’s Reforms Boost Investor Confidence

Since President Bola Tinubu took office in May 2023, Nigeria’s financial reforms have sparked a remarkable rally in the country’s…

byEkeminiJuly 28, 2025July 28, 2025
NGX Records Sharp Decline in Trade Volume Amid Price Rally
investmentLocalMacroeconomicStock

NGX Records Sharp Decline in Trade Volume Amid Price Rally

The Nigerian equities market experienced one of its steepest drops in trading volume last week, falling nearly 79 percent to…

byEkeminiJuly 28, 2025July 28, 2025
CBN Injects $81m into FX Market as Naira Faces Pressure, But Outlook Turns Positive
investmentLocalMacroeconomic

CBN Injects $81m into FX Market as Naira Faces Pressure, But Outlook Turns Positive

The Central Bank of Nigeria (CBN) injected $81 million into the Bureau De Change (BDC) segment of the foreign exchange…

byEkeminiJuly 28, 2025July 28, 2025
IMF Urges Bank of Ghana to Stay the Course on High Interest Rates Amid Inflation Gains
LocalMacroeconomic

IMF Urges Bank of Ghana to Stay the Course on High Interest Rates Amid Inflation Gains

The International Monetary Fund (IMF) has advised the Bank of Ghana (BoG) to maintain a tight monetary policy stance in…

byEkeminiJuly 28, 2025July 28, 2025
Bank of Ghana’s MPC Convenes to Set Economic Tone Amid Signs of Stability
FinanceLocalMacroeconomic

Bank of Ghana’s MPC Convenes to Set Economic Tone Amid Signs of Stability

The Bank of Ghana’s Monetary Policy Committee (MPC) kicked off its 125th regular meeting today, July 28, to assess recent…

byEkeminiJuly 28, 2025July 28, 2025
Replicate Naira-for-Crude Success Across Sectors, Says Dangote
BusinessEnergyinvestmentLocal

Replicate Naira-for-Crude Success Across Sectors, Says Dangote

Aliko Dangote has called on the Federal Government to expand the Naira-for-Crude policy beyond oil, hailing the initiative as a…

byEkeminiJuly 28, 2025July 28, 2025
Nigeria Holds Key Rate as FX Gains, Inflation Moderates, and Investor Confidence Grows
investmentLocalMacroeconomic

Nigeria Holds Key Rate as FX Gains, Inflation Moderates, and Investor Confidence Grows

In a bid to sustain recent gains in price stability and foreign exchange (FX) market calm, the Central Bank of…

byEkeminiJuly 28, 2025July 28, 2025
Fintech Experts Launch Investor‑Link Platform at NFW25
investmentLocalTechnology

Fintech Experts Launch Investor‑Link Platform at NFW25

Fintech experts in Nigeria, through the Fintech Association of Nigeria (Fintech NGR), have developed a dedicated platform under the banner…

byEkeminiJuly 28, 2025July 28, 2025
Fitch Maintains ‘Stable’ Outlook for Kogi and Oyo, Cautions on Heavy Federal Dependence
LocalMacroeconomic

Fitch Maintains ‘Stable’ Outlook for Kogi and Oyo, Cautions on Heavy Federal Dependence

Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of both Kogi and Oyo States at ‘B’ with a…

byEkeminiJuly 28, 2025July 28, 2025
Bullish Momentum Continues on NGX as MPR Hold and Strong Q2 Earnings Boost Investor Confidence
investmentLocalStock

Bullish Momentum Continues on NGX as MPR Hold and Strong Q2 Earnings Boost Investor Confidence

The Nigerian stock market maintained its upward trajectory last week, fueled by the Central Bank of Nigeria’s (CBN) decision to…

byEkeminiJuly 28, 2025July 28, 2025
Cashless Surge: Nigerians Push E-Payments to N317.2 Trillion in Q1 2025
BusinessFinanceLocalTechnology

Cashless Surge: Nigerians Push E-Payments to N317.2 Trillion in Q1 2025

Nigeria’s adoption of digital finance continues to surge as electronic payment transactions rose by 24% year-on-year (YoY) to ₦317.2 trillion…

byEkeminiJuly 28, 2025July 28, 2025
Record N4.2tn FAAC Allocation: Economic Lifeline or Inflationary Time Bomb?
LocalMacroeconomic

Record N4.2tn FAAC Allocation: Economic Lifeline or Inflationary Time Bomb?

Nigeria’s Federation Account Allocation Committee (FAAC) disbursed a record N1.82 trillion in June, bringing the three-month windfall to N4.2 trillion…

byEkeminiJuly 25, 2025July 25, 2025
Nigerian Stock Market Gains N69bn Amid Mixed Investor Sentiment
BusinessLocalMarket

Nigerian Stock Market Gains N69bn Amid Mixed Investor Sentiment

The Nigerian stock market continued its bullish trend during midweek trading, with a total gain of ₦69 billion in market capitalization.…

byEkeminiJuly 25, 2025July 25, 2025
SIGA to Revamp Performance Contracts in Line with Ghana’s 24-Hour Economy Drive
BusinessLocal

SIGA to Revamp Performance Contracts in Line with Ghana’s 24-Hour Economy Drive

The State Interests and Governance Authority (SIGA) has announced plans to revise performance contracts for state-owned enterprises to align with…

byEkeminiJuly 25, 2025July 25, 2025
World Bank Partners with Nigeria on Landmark 90,000km Fiber Optic Project to Boost Broadband Access
BusinessLocalMacroeconomic

World Bank Partners with Nigeria on Landmark 90,000km Fiber Optic Project to Boost Broadband Access

The World Bank has announced a major partnership with the Nigerian government to roll out a nationwide 90,000-kilometer fiber optic…

byEkeminiJuly 25, 2025July 25, 2025
FCMB, ICCN Call for Sustainable Trade Reforms to Boost Nigeria’s Global Competitiveness
BankingBusinessLocal

FCMB, ICCN Call for Sustainable Trade Reforms to Boost Nigeria’s Global Competitiveness

First City Monument Bank (FCMB) and the International Chamber of Commerce Nigeria (ICCN) Banking Commission have jointly advocated for sustainable…

byEkeminiJuly 25, 2025July 25, 2025
Nigeria’s Trade Slows Amid Rising Costs, Weak Demand
LocalMacroeconomic

Nigeria’s Trade Slows Amid Rising Costs, Weak Demand

Nigeria’s trade sector experienced a marginal decline in its contribution to GDP in the first quarter of 2025, despite recording…

byEkeminiJuly 25, 2025July 25, 2025
Ghana Restores Economic Confidence in Under 200 Days – Finance Minister Ato Forson
LocalMacroeconomic

Ghana Restores Economic Confidence in Under 200 Days – Finance Minister Ato Forson

Ghana’s Minister of Finance, Dr. Cassiel Ato Forson, has declared that the government has successfully restored economic confidence within just…

byEkeminiJuly 24, 2025July 24, 2025
Nigeria Slips to Fourth in African Startup Funding as South Africa Dominates H1 2025
BusinessLocal

Nigeria Slips to Fourth in African Startup Funding as South Africa Dominates H1 2025

South Africa emerged as Africa’s leading startup investment hub in the first half of 2025, securing $344 million in venture…

byEkeminiJuly 24, 2025July 24, 2025
Nigeria Becomes Net Importer of U.S. Crude Amid Dangote Refinery Surge
BusinessEnergyLocal

Nigeria Becomes Net Importer of U.S. Crude Amid Dangote Refinery Surge

For the first time in history, Nigeria imported more crude oil from the United States than it exported, reversing the…

byEkeminiJuly 24, 2025July 24, 2025
Nigerian Stock Market Inches Higher as Nestle, 29 Stocks Lift NGX Index by 0.08%
BusinessinvestmentLocal

Nigerian Stock Market Inches Higher as Nestle, 29 Stocks Lift NGX Index by 0.08%

Equities on the Nigerian Exchange Limited (NGX) extended their upward momentum on Wednesday, July 24, 2025, with the All-Share Index…

byEkeminiJuly 24, 2025July 24, 2025
SEC Embraces Quantum and Blockchain to Transform Nigeria’s Capital Market
BusinessFinanceLocal

SEC Embraces Quantum and Blockchain to Transform Nigeria’s Capital Market

The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has reaffirmed the Commission’s commitment to leveraging cutting-edge technologies…

byEkeminiJuly 24, 2025July 24, 2025
Nigeria’s Economy Rebounds: Edun Hails Rebasing and Q1 2025 GDP Growth as Signs of Inclusive Takeoff
FinanceinvestmentLocal

Nigeria’s Economy Rebounds: Edun Hails Rebasing and Q1 2025 GDP Growth as Signs of Inclusive Takeoff

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has praised the rebased Gross Domestic Product…

byEkeminiJuly 24, 2025July 24, 2025
Nigerian Banks Close 29.4 Million Accounts Amid NIN-BVN Compliance Push; 33 Million Now Inactive
BankingLocalMacroeconomic

Nigerian Banks Close 29.4 Million Accounts Amid NIN-BVN Compliance Push; 33 Million Now Inactive

As of March 2025, Nigerian commercial banks recorded 29.4 million closed bank accounts, reflecting an aggressive cleanup of questionable accounts…

byEkeminiJuly 24, 2025July 24, 2025
11 Nigerian Banks Breach CBN Bad Loan Threshold Amid Risk Reclassification
BusinessLocal

11 Nigerian Banks Breach CBN Bad Loan Threshold Amid Risk Reclassification

At least 11 commercial banks in Nigeria surpassed the Central Bank of Nigeria’s (CBN) regulatory ceiling of five percent for…

byEkeminiJuly 24, 2025July 24, 2025

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