MTN Nigeria’s Operating Cash Flow Hits N956bn, Highest in a Decade, as Profit Soars 180%
MTN Nigeria Communications Plc has posted its strongest cash flow performance in a decade, with cash generated from operations rising…
Category: Local
Nigeria Pushes $1 Trillion Digital Economy Ambition with GITEX 2025 Tech Summit in Abuja and Lagos
Nigeria is accelerating its ambition to build a $1 trillion digital economy by 2030, driven by a dynamic ecosystem of…
Nigeria’s Currency Outside Banks Falls to N4.49trn in June, Still 90% of Cash in Circulation
Currency outside Nigeria’s formal banking sector dropped slightly to N4.49 trillion in June 2025, compared to N4.63 trillion in May, according to…
NAICOM Sets July 2026 Deadline for New Insurance Capital Requirements Under NIIRA 2025
The National Insurance Commission (NAICOM) has given insurance and reinsurance companies in Nigeria a 12-month deadline to comply with the…
NCC Cracks Down on Poor Telecom Services with New Governance, Cybersecurity, and QoE Reforms
Nigeria’s telecom operators are facing heightened regulatory pressure as the Nigerian Communications Commission (NCC) unveils sweeping reforms to improve service…
Stable Naira, Harvest Season Expected to Ease Nigeria’s Inflation – Analysts
Nigeria’s inflation outlook is showing signs of relief as analysts project further easing in the coming months, supported by stable…
NNPC–Sahara JV, WAGL Energy, Expands LPG Fleet Beyond 160,000 Cubic Meters
WAGL Energy Limited, a joint venture between the Nigerian National Petroleum Company (NNPC) Limited and Sahara Group, has boosted its…
T-bill Auction Undersubscribed as Investors Shift Amid Falling Yields
The latest treasury bill auction in Ghana ended in a 35 percent undersubscription, reflecting weakening investor appetite for government short-term…
Nigerian Equities Market Loses N713bn in One Week as Investors Rotate Portfolios
The Nigerian Exchange (NGX) closed the week ended August 15, 2025, in negative territory as the equities market shed N713 billion…
Nigeria Capital Market Soars on Policy Reforms, But Sustainability Questions Remain
Nigeria’s capital market is experiencing one of its strongest rallies in history, driven by sweeping policy reforms. Market capitalization has…
Tinubu Appoints Opeyemi Agbaje PENCOM Chairman
President Bola Tinubu has appointed strategic policy analyst, Opeyemi Agbaje, as the Chairman of the National Pension Commission. Mr Agbaje…
Over 4,000 Companies Yet To Complete E-Invoicing System Onboarding – FIRS Official
The Federal Inland Revenue Service (FIRS) says more than 4,000 large taxpayers in Nigeria are yet to complete the onboarding…
FCMB And FMO Unveil ₦20 Million AgriTech Investment Readiness Programme For Nigerian Startups
In a bid to foster innovation and sustainability in agriculture, First City Monument Bank (FCMB) and the Dutch Entrepreneurial Development…
Cyber Attack Disrupts Nigeria Customs Cargo Clearance, Importers Face Demurrage Losses
A cyber attack on the Nigeria Customs Service’s (NCS) Information Communication Technology (ICT) platform caused major disruptions to cargo clearance…
Insurance Stocks Surge in Nigeria as NIIRA 2024 Sparks Investor Confidence
The Nigerian stock market maintained its bullish streak for the 11th consecutive week, with the All-Share Index (ASI) climbing 4,491.86…
Naira Holds Longest Stability Streak of 2025 as Dollar Weakens and Reserves Climb
The naira is experiencing its most prolonged period of stability this year, trading within a narrow range of ₦1,520 to…
Nigerian Breweries, MTN, Nestlé Set to Revive Dividend Payouts in 2026 as Profits Surge
After two years of foreign exchange volatility and soaring finance costs that forced top Nigerian companies to halt shareholder rewards,…
Nigeria Inflation to Ease in July 2025 as Harvest Season and Naira Stability Offer Relief
Nigeria’s headline inflation is expected to ease slightly in July 2025, with analysts projecting year-on-year figures between 22.20% and 22.80%,…
Afri Invoice Creates 150 Marketing Roles to Drive SME Digital Transformation in Nigeria
Afri Invoice, Nigeria’s first locally developed e-invoicing platform, has launched a recruitment campaign to fill 150 new marketing roles across…
Nigeria’s Inflation to Drop to 21.79% in July as Naira Stays Stable – Rewane Forecasts Rate Cut
Nigeria’s inflation rate is expected to fall to 21.79% in July, marking the fourth consecutive monthly decline and the lowest…
Trust Issues and High Bank Fees Keep 25% of Nigerians Unbanked – World Bank Report
A quarter of Nigerians without bank accounts say mistrust of financial institutions and high service charges are preventing them from…
NLC Urges FG to Sell Crude to Dangote Refinery in Naira, End Foreign Oil Dependence
The Nigerian Labour Congress (NLC) has called on the Federal Government to stop the importation of crude oil for the…
Tinubu Orders FIRS, Customs, NNPC to Review Revenue Deductions to Boost Public Savings
President Bola Tinubu has directed a comprehensive review of deductions and revenue retention practices by Nigeria’s key revenue-generating agencies to…
Nigerian Stock Market Suffers N121bn Loss as Profit-Taking Hits Blue-Chip Stocks
The Nigerian stock market closed lower on Wednesday as widespread profit-taking wiped off N121 billion from investors’ portfolios. The benchmark…
Bank of Ghana Unveils Sweeping Reforms to Manage Credit Risk, Boost Liquidity, and Strengthen Banking Resilience
The Bank of Ghana (BoG) has announced a comprehensive package of regulatory reforms aimed at strengthening the country’s banking sector.…
Nigeria’s Fuel Consumption Falls 18% to 1.44bn Litres in June – NMDPRA Report
Nigeria’s fuel consumption experienced a significant downturn in June 2025, dropping 18.54% to 1.44 billion litres compared to May’s 1.77…
Nigeria’s National Single Window Set to Launch in March 2026, FIRS and Customs Fast-Track Integration
Nigeria’s National Single Window (NSW) is set to become fully operational in March 2026, following a strategic collaboration between the…
FMDQ Announces Equity Market Launch to Rival NGX Amid Strong 2024 Growth
Nigeria’s FMDQ Group, owner of the country’s leading fixed income securities exchange, has confirmed plans to launch its own equity…
Nigeria’s Petrol Supply Drops to 1.48 Billion Litres in June 2025 – NMDPRA Report
Nigeria’s consumption of Premium Motor Spirit (PMS), commonly known as petrol, fell sharply in June 2025, according to the Nigerian…
Ghana Launches “RedGold” Policy to Cut $2 Billion Palm Oil Imports, Boost Local Production
Ghana is taking a major step to reduce its $2 billion annual palm oil import bill with the introduction of…