NCC To Spotlight Mobile Virtual Network Investment, Growth Potential At Forum
The Nigerian Communications Commission (NCC) will headline the sixth edition of the Telecom Sector Sustainability Forum (TSSF 6.0), focusing on…
Category: Local
Tinubu’s Tax Reforms Set Stage for Nigeria’s Economic Revival — IMPI
The Independent Media and Policy Initiative (IMPI) has hailed President Bola Tinubu’s new tax reforms as a landmark in Nigeria’s…
FGN Opens July Savings Bonds with Up to 16.76% Interest Amid Stable Monetary Climate
The Debt Management Office (DMO) has commenced the subscription window for the July 2025 issuance of the Federal Government of…
Seven Nigerian Banks Face ₦965bn Recapitalisation Gap Ahead of CBN Deadline
Seven Nigerian commercial banks—Fidelity Bank, FCMB, GTCO, UBA, First Bank Holding (FirstHoldco), Sterling Bank, and Stanbic IBTC—are under pressure to…
Naira Gains Slightly as Banks Resume International Use of Naira Cards
The Nigerian naira saw a modest appreciation on Monday across both the official and parallel foreign exchange markets following the…
CBN Temporarily Lifts Cap on Tier-1 Capital to Boost Bank Resilience Until March 2026
The Central Bank of Nigeria (CBN) has announced a temporary removal of caps on the recognition of Additional Tier-1 (AT1)…
Nigerian Stock Market Begins Week Strong with N193bn Gain Amid Renewed Investor Confidence
The Nigerian Exchange Limited (NGX) opened the week on a bullish note, recording a gain of N193 billion in market…
CBN Orders Banks to Submit Capital Restoration Plans as Forbearance Regime Winds Down
The Central Bank of Nigeria (CBN) has mandated all affected banks to submit detailed capital restoration plans as part of…
Investors Position for Q2 Earnings as NGX Market Capitalisation Surges by N377bn
The Nigerian Exchange (NGX) ended the first trading week of July 2025 on a bullish note, gaining N377.26 billion in…
Naira Poised for Modest Gains as Forex Liquidity Improves, Say Analysts
The Nigerian naira is projected to remain stable and potentially gain value this week, trading between ₦1,500 and ₦1,530 against…
NCC Pushes Solar Energy to Cut Telecoms’ Diesel Dependency and Costs
The Nigerian Communications Commission (NCC) is spearheading a new initiative to promote solar energy adoption within the telecom sector. This…
Sycamore MD: Fintech and AI Can Multiply Nigeria’s Retail Investors Tenfold in 5 Years
Oluwagbenga Magbagbeola, Managing Director of Sycamore Investment and Asset Management, explained the company’s transition from peer-to-peer lending into regulated asset…
Petrol Prices Fall Below ₦900 as Dangote Refinery Slashes Rates Amid Global Oil Dip
Petrol pump prices in Nigeria have dropped below ₦900 per litre, following a ₦40 cut in ex-depot prices by the…
CBN Clarifies BVN Charges: Enrolment Still Free for Nigerians at Home, $50 Fee Applies Only to Diaspora Service
The Central Bank of Nigeria (CBN) has addressed concerns circulating on social media about alleged new or hidden charges associated…
DMO Opens July FGN Savings Bond Offer with Up to 16.762% Interest Despite Slight Rate Drop
The Debt Management Office (DMO) has announced the opening of subscriptions for the July 2025 issuance of the Federal Government…
Government Misses T-Bills Target for Sixth Straight Week Amid Falling Interest Rates-Ghana
The Government of Ghana has once again fallen short of its Treasury bill target, marking the sixth consecutive week of…
Nigerian Stocks Set to Soar 32% in 2025 on Tax Cuts, FX Reforms – Report
With projections indicating a 32.2% return, according to CardinalStone Research’s 2025 Mid-Year Economic Outlook. The bullish forecast is underpinned by…
Oyo State, FCMB Launch ₦1.5bn Agribusiness Fund to Empower 1,000 Youths
The Oyo State Government has unveiled a ₦1.5 billion empowerment scheme in partnership with First City Monument Bank (FCMB) to…
Naira Holds at ₦2,200/£ Despite Weakened British Pound Amid UK Economic Concerns
Despite the British pound entering a correction phase globally, the Nigerian naira has remained stable at ₦2,200/£ on the parallel…
IMF Urges Fiscal Discipline to Bolster CBN’s Inflation Fight and Support Naira Stability
The International Monetary Fund (IMF) has endorsed the Central Bank of Nigeria’s (CBN) stringent monetary policy, stating that tighter fiscal…
Nigeria’s growth rate to hit 4.2% amid improved oil output, business conditions –Report
Nigeria’s economic growth is projected to reach 4.2% in 2025, buoyed by rising crude oil output, improved business confidence, and…
Ghana’s Inflation Drops to 13.7% in June, Marking Six-Month Decline
Ghana’s inflation rate dropped significantly to 13.7% in June 2025, according to new data released by the Ghana Statistical Service…
Telcos Blame NIMC Migration for SIM Service Disruptions, Apologize to Subscribers
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has addressed the recent disruptions in SIM-related services across the country,…
Experts Call for Unified Cybersecurity Strategy to Combat Rising Threats in Nigeria
In response to increasing cyberattacks threatening Nigeria’s economy and digital infrastructure, ICT experts at the 2025 Cybersecurity Forum in Abuja…
IMF Urges Nigeria to Rework 2025 Budget Amid Oil Price, Inflation Concerns
The International Monetary Fund (IMF) has advised the Nigerian government to revise its proposed 2025 budget of N54.99 trillion, citing…
Nigeria Calls for Overhaul of Global Financial System to Support Developing Nations
At the 4th International Conference on Financing for Development (FFD4) held in Sevilla, Spain, Nigeria’s Minister of Finance and Coordinating…
Nigerian Stock Market Surges by N379bn Amid Renewed Investor Optimism
The Nigerian stock market recorded a significant rebound on Tuesday, gaining N379 billion in market capitalisation, thanks to heightened investor…
Nigeria’s ISP Market Shrinks as Economic Crunch Drives Consumers to Mobile Internet
New data from the Nigerian Communications Commission (NCC) reveals that the number of active internet users relying on Internet Service…
House of Representatives Rejects Senate Bill, Decries Senate’s Neglect of 146 Pending House Bills
The Nigerian House of Representatives has decisively rejected a Senate bill seeking their concurrence, highlighting longstanding tensions between the two…
Ghana Optimistic Ahead of IMF Board Review, Eyes $370 Million Disbursement to Boost Economy
The Ghanaian government is cautiously optimistic about passing the International Monetary Fund’s (IMF) upcoming Executive Board review of the country’s…