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Obasanjo’s $700 Million Investment in Cameroon Sparks Concerns Over…
Former Nigerian President Olusegun Obasanjo, through his firm Agro-Allied Business Ltd (OABL), is set to invest…
MRS Oil Nigeria Forecasts N2.93bn Q2 Profit Amid Delisting Plans from NGX
MRS Oil Nigeria Plc has projected a profit after tax of N2.93 billion for Q2 2025, according to its financial…
Ghana’s Inflation Rate Slows to 22.4% in March 2025
Ghana’s inflation rate showed signs of moderation in March 2025, easing to 22.4% from 23.1% in February. This…
IMF Begins Fourth Review Mission in Ghana Amid Economic Reforms
The International Monetary Fund (IMF) has launched its fourth review mission in Ghana under the country's Extended…
Bearish Start to Q2 as Nigerian Stock Market Loses N90bn
The Nigerian stock market began the second quarter of 2025 on a negative note, with the All-Share Index falling by…
Nigeria’s Net Foreign Exchange Reserves Soar to $23.1 Billion, Highest in Three…
Nigeria's Net Foreign Exchange Reserve (NFER) has reached a significant milestone, surging to $23.1 billion, the…
Naira Strengthens Against Dollar as Nigeria’s Currency Reserves Hit…
The Nigerian naira gained significantly against the US dollar, marking its highest appreciation in two weeks,…
SEC Warns of Severe Penalties for Ponzi Scheme Operators in Nigeria
The Securities and Exchange Commission (SEC) has issued a strong warning to promoters and operators of Ponzi…
Telecom Operators Turn to Edge Computing to Accelerate AI Adoption in Nigeria
Telecom operators worldwide are embracing edge computing to manage the surge in AI-driven data traffic, and…
Equinix Expands Data Center in Lagos to Boost Nigeria’s Digital Economy
Equinix, formerly known as MainOne, has unveiled the expansion of its Lagos data center, LG2.3, to meet the rising…
Bank of Ghana Urges Continued Efforts to Tackle Inflation Amid Economic Growth
The Governor of the Bank of Ghana, Dr. Johnson Asiama, has stressed that while some progress has been made in…
Nigeria’s Foreign Exchange Reserves Surge to $23.11bn in 2024
Nigeria’s foreign exchange reserves have surged to $23.11 billion at the close of 2024, marking the highest level…
Business Confidence Hits 14-Month High as Inflation Eases in Nigeria
Business confidence in Nigeria reached its highest point in 14 months in March, as businesses experienced rising…
Tinubu Sacks Kyari, Akinyelure, Appoints Bayo Ojulari As New GCEO Of NNPCL
In a significant shake-up, President Bola Tinubu has approved the reconstitution of the Nigerian National…
Naira-for-Crude Deal Faces Uncertainty as Dangote Refinery Imports Record…
The Federal Government's naira-for-crude policy, aimed at stabilizing fuel prices and the foreign exchange market,…
Nigeria’s New Capital Market Laws Recognize Cryptocurrencies as Securities
Nigeria has officially recognized cryptocurrencies and other virtual assets as securities under its new capital…
BoG Unveils New Measures to Strengthen Liquidity Management- Ghana
The Bank of Ghana (BoG) has introduced additional measures aimed at tightening liquidity management within the…
CBN Restructures Pre-shipment Inspection Agent Allocations to Improve Efficiency…
The Central Bank of Nigeria (CBN) has launched a comprehensive restructuring of the allocation of terminals to…
Nigerian Stock Market Gains N3.49 Trillion in Q1 2025 Amid Sectoral Performance…
The Nigerian Exchange (NGX) experienced a significant growth in market capitalization, gaining N3.49 trillion in…
Nigeria’s Forex Inflows Reach $17bn Amid Economic Growth in Q4 2024
Nigeria’s net foreign exchange (forex) inflows reached $17.39 billion in Q4 2024, marking a significant increase…
Telecom Infrastructure Under Siege: Vandalism and Theft Disrupting Nigeria’s…
Telecommunication infrastructure in Nigeria is facing persistent attacks, including fibre cuts, vandalism, and…
Investment and Securities Act Passage Receives Widespread Praise, Set to Boost…
The recent passage of the Investment and Securities Act (ISA) has garnered significant approval from key…
Surge in Personal Loans Amid Economic Pressures – CBN Report
In its Fourth Quarter 2024 Economic Report, the Central Bank of Nigeria (CBN) revealed that Nigerians secured N470…
Naira Depreciates by 2.5% in March Amid Flat External Reserves
In March 2025, the naira experienced a 2.5% depreciation against the US dollar in the official foreign exchange…
Nigeria’s External Debt Hits N66.14 Trillion in Q3 2024 Amid Growing Fiscal…
In the third quarter of 2024, Nigeria’s external debt reached N66.14 trillion (approximately $43.03 billion),…
Nigerians Borrow N470 Billion in Personal Loans Amid Economic Pressures – CBN…
The Central Bank of Nigeria (CBN) has disclosed that Nigerians took out a total of N470 billion in personal loans…
Nigerian Stock Market Gains N3.5 Trillion in Q1 2025 Amid Strong Corporate…
The Nigerian stock market saw an impressive surge in the first quarter of 2025, with a gain of N3.49 trillion.…
Offshore Investment Withdrawals Impact Nigerian Stock Market as Foreign…
Concerns are mounting over the significant decline in foreign investment in the Nigerian Exchange Limited (NGX),…
Sam George Advocates for Inclusive AI Integration to Drive Ghana’s Development
Ghana’s Minister of Communication, Digital Technology, and Innovation, Samuel Nartey George, has emphasized the…
Nigeria Secures $500 Million World Bank Loan to Boost Economic Resilience
Nigeria has secured a $500 million loan from the World Bank to address its ongoing economic challenges through the…