Nigeria’s Public Debt Climbs to N149.39 Trillion in Q1 2025, FGN Bonds Dominate Domestic Obligations
Nigeria’s total public debt surged to N149.39 trillion at the end of the first quarter of 2025, marking a N4.72…
Category: Local
Nigeria Pushes for Digital Sovereignty with MTN’s $150M Dabengwa Data Centre Launch
The Federal Government of Nigeria has thrown its full support behind local cloud hosting and digital infrastructure development with the…
More networks, less value: Irony of Nigeria’s telecom landscape
Despite the licensing of over 40 Mobile Virtual Network Operators (MVNOs) by the Nigerian Communications Commission (NCC) since 2022, telecom…
Nigeria’s Business Activity Hits 7-Month Low Amid Reforms and Inflation Struggles
Business activity in Nigeria’s private sector weakened in June 2025, hitting its lowest level in seven months, according to Stanbic…
Naira Strengthens as Dollar Weakens Globally Amid Economic Shifts
The Nigerian naira appreciated modestly in the official foreign exchange market, closing at N1,527 to the US dollar, up from…
Currency in Circulation Hits N5.01 Trillion in May as Cash Outside Banks Grows to N4.63 Trillion
Currency in circulation (CIC) in Nigeria rose slightly to N5.015 trillion in May 2025 from N5.003 trillion in April, according…
Marketers Resist Dangote’s Petrol Price Cut, Maintain High Pump Rates Despite Crude Dip
Despite a recent reduction in the ex-depot petrol price by the Dangote Petroleum Refinery from N880 to N840 per litre,…
Investors Lose N150bn as NGX Opens July in the Red Amid Profit-Taking
The Nigerian Exchange Limited (NGX) began July on a bearish note, wiping off N150 billion from investors’ portfolios on Tuesday,…
Ghanaians Face Price Surge as GRA Implements New Tax Measures
The Ghana Revenue Authority (GRA) has begun enforcing a set of new tax policies from July 1, 2025, prompting concerns…
Nigeria’s Economy Grows 3.7% in First Half of 2025 Amid Oil Boost and Business Expansion
Nigeria’s economy experienced a 3.7% year-on-year growth in the first half of 2025, according to the Stanbic IBTC Bank Nigeria…
BREAKING: Conoil, Julius Berger exit NGX30 as Aradel, Wema Bank join
The Nigerian Exchange Limited (NGX) has announced major changes in its semi-annual market index review, effective July 1, 2025. Notably,…
Dangote Refinery Slashes Petrol Price to N840 Amid Global Oil Drop, Plans Nationwide Distribution
Dangote Petroleum Refinery has announced a reduction in its ex-depot petrol price to N840 per litre, marking a N40 drop…
SEC Urges AI Surveillance to Future-Proof Nigeria’s Capital Market
The Director-General of Nigeria’s Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has called for the adoption of Artificial Intelligence…
Nigerian Crude Falls Below $70 as Global Oil Market Faces Oversupply Fears
Crude oil prices for Nigeria’s main export grades—Bonny Light, Brass River, and Qua Iboe—have fallen below $70 a barrel, returning…
Nigeria’s Money Supply Contracts Again Amid Monetary Tightening
Nigeria’s broad money supply (M3) experienced a second monthly decline in 2025, falling by N292.75 billion or 0.25% to N119.01…
Smartcomply Launches Partner Programme to Strengthen Africa’s Cybersecurity Ecosystem
Smartcomply, a leading African cybersecurity and compliance solutions provider, has unveiled its new Smartcomply Partner Programme aimed at building a…
Iran-Israel Conflict Poses New Threats and Opportunities for Nigeria’s Fragile Economy
The escalating conflict between Israel and Iran is reshaping global economic dynamics, with ripple effects reaching even distant economies like…
FG Spends N611.7bn in March on Domestic Dollar Bond Repayment – DMO
The Federal Government of Nigeria spent N611.71 billion in March 2025 to service its first-ever domestic US dollar-denominated bond, according…
Analysts Call for Review of Ghana’s 3% Flat Tax for Small Businesses Amid New Tax Scheme Rollout
Tax analysts in Ghana are urging the Ghana Revenue Authority (GRA) to reconsider the 3% flat tax rate applied to…
Investors Gain N5.49 Trillion in June as Consumer Goods, Insurance, and Banking Stocks Lead Market Rally
Nigeria’s equities market delivered a strong performance in June 2025, gaining approximately N5.49 trillion in market value. The rally was…
Nigeria Records $3.73bn Current Account Surplus in Q1 2025, Driven by Non-Oil Export Growth
Nigeria posted a current account surplus of $3.73 billion in Q1 2025, according to the Central Bank of Nigeria (CBN),…
Bitget Launches Institutional Crypto Services to Empower Nigeria’s Fintech Industry
Bitget, a global cryptocurrency exchange and Web3 company, has launched a new suite of institutional services in Nigeria aimed at…
Nigeria’s External Reserves Drop $3.5bn in Six Months Despite Naira Stability
Nigeria’s external reserves have declined by $3.51 billion in the first half of 2025, dropping from $40.883 billion at the…
Nigerian Stock Market Closes June with N11bn Loss Amid Profit-Taking and Mixed Sentiment
The Nigerian stock market ended the month of June on a subdued note, recording a modest loss of N11 billion…
Shareholders Oppose Law Mandating Transfer of Unclaimed Dividends to CBN
Shareholders under the Independent Shareholders Association of Nigeria (ISAN) have strongly opposed the new legislation passed by the National Assembly…
Ultra App Launches in Nigeria, Ushering in a New Era of Seamless Financial Payments
Nigeria’s financial technology landscape has taken a significant leap forward with the launch of Ultra App, a digital financial solution…
Banks’ Deposits with CBN Surge 730% to N67.72trn, Reflecting Excess Liquidity Amid Economic Uncertainty
In the first half of 2025, Nigerian banks’ deposits with the Central Bank of Nigeria (CBN) soared to N67.72 trillion,…
Marketers Expect Petrol Price Drop as Global Crude Oil Rates Fall
Petroleum marketers in Nigeria are anticipating a reduction in petrol pump prices following a notable drop in global crude oil…
Nigeria’s Promissory Notes Drop by 15.6% Amid Rising Debt Pressures
Nigeria’s outstanding promissory notes declined by 15.6% in the first quarter of 2025, according to the Debt Management Office (DMO).…
Nigerian Bank Compliance Chiefs Call for AI-Driven Risk Management to Tackle Financial Crime
The Association of Chief Compliance Officers of Banks in Nigeria (ACCOBIN) has advocated for the integration of artificial intelligence (AI)…