Forex Access Challenges Persist Despite Cedi Gains — Ghana Importers and Exporters Sound Alarm
The Importers and Exporters Association of Ghana has expressed serious concern over ongoing difficulties in accessing foreign exchange (forex) through…
Category: Local
Naira Ends July Slightly Weaker at ₦1,533.55/$ Despite Signs of Stability
The Nigerian naira closed July 2025 at ₦1,533.55 to the US dollar in the official market, slipping by 0.25% from…
NGX Wraps Up Bullish July with N12.62tn Surge, All-Time Highs Set Ahead of Earnings Season
The Nigerian Exchange (NGX) ended July 2025 on a powerful bullish streak, with market capitalization surging by a remarkable N12.62tn.…
AfDB Commits $503m to Boost Nigeria’s Clean Energy Transition
The African Development Bank (AfDB) has pledged $503 million to support Nigeria’s ongoing energy transition efforts, reinforcing the country’s shift…
Bank of Ghana to Relaunch Gold Coin Under “Cedi@60” to Boost Gold Ownership and Financial Inclusion
As part of the “Cedi@60” commemorative program, the Bank of Ghana (BoG) has announced plans to relaunch the Ghana Gold…
Bank of Ghana Slashes Interest Rate to 25% as Inflation Drops, Sparking Price Reductions
The Bank of Ghana (BoG) has significantly cut its benchmark interest rate by 300 basis points, reducing it from 28%…
NNPC Reaffirms Commitment to Port Harcourt Refinery Rehabilitation, Rules Out Sale
The Nigerian National Petroleum Company Limited (NNPC) has dismissed speculations about selling the Port Harcourt Refining Company, asserting its commitment…
FG to Generate ₦796bn Annually from 5% Fuel Surcharge Despite Public Outcry
The Federal Government of Nigeria is set to implement a five per cent surcharge on all refined fossil fuel products,…
Nigeria Eurobond Yields Hit 3-Year Low as Investor Confidence Surges on Economic Reforms
Nigeria’s Eurobond yields are nearing their lowest levels in three years, a development driven by strong investor confidence in the…
Economist Cautions BoG’s Aggressive Rate Cut Amid Fragile Recovery-Ghana
The Bank of Ghana (BoG) has come under scrutiny after announcing a significant 300 basis point cut in its policy…
Tinubu’s $1 Trillion Economic Goal Hinges on Support for Local Industry — Expert Urges Collaboration with Dangote, Ekeh
President Bola Tinubu’s vision to transform Nigeria into a $1 trillion economy by 2030 has been described as bold by…
NAICOM Restricts Use of AI, Blockchain in High-Risk Insurance Products
The National Insurance Commission (NAICOM) has introduced new regulatory guidelines that limit the role of standalone Insurtech firms in handling…
Naira Slightly Weakens Amid Summer Dollar Demand Surge, But Outlook Remains Stable
The naira experienced a minor depreciation across both official and parallel foreign exchange markets on Wednesday, largely due to a…
Dangote Sugar, Berger Paints, others push NGX-ASI above 139,000 points
Nigeria’s equities market extended its bullish run on Wednesday, July 30, 2025, as the Nigerian Exchange All-Share Index (NGX-ASI) closed…
Nigeria’s Pension Assets Surge to N24.63 Trillion in June 2025 Amid Strong Equities and FGN Securities Performance
Nigeria’s pension fund assets reached a historic N24.63 trillion in June 2025, representing a 2.17% increase from May and a…
CBN Holds Interest Rates to Tame Inflation Amid Global Uncertainty
Amid global economic turbulence and persistent inflation, the Central Bank of Nigeria (CBN) has decided to maintain all key monetary…
Tinubu’s Economic Reforms Cut Northern States’ Debt by 42%, Boost Revenue — FG
The Federal Government has announced a 42.06% drop in the domestic debt of Northern states, attributing the fiscal improvement to…
FX Liquidity Boost: Nigerian Banks Resume Naira Payments for Foreign School Fees and Medical Bills
Nigerian banks have resumed accepting naira card payments for international tuition fees and medical bills, following a period of suspension…
Fintech Dominates Africa’s Startup Funding in H1 2025, Securing 45% Share
Africa’s fintech sector asserted its dominance once again in the first half of 2025, capturing 45% of all disclosed startup…
Naira Strengthens Amid Forex Oversupply and Security Clampdown — CBN Policies, Investor Confidence Drive Stability
Currency traders have cited a significant oversupply of dollars in the Nigerian forex market, combined with the efforts of security…
Nigeria’s Industrial Sector Shrinks Despite GDP Growth: MAN Urges Manufacturing Focus
Nigeria’s Gross Domestic Product (GDP) grew by 3.13% in Q1 2025, according to the National Bureau of Statistics (NBS), signaling…
Petroleumprice.ng Launches Nigeria’s First Verified Digital Marketplace for Downstream Oil Trading
A Nigerian oil and gas tech firm, Petroleumprice.ng, has officially launched a first-of-its-kind digital marketplace tailored to streamline downstream petroleum…
Investor Confidence and High Yields Drive N4.67 Trillion in FGN Bond Subscriptions in 2025
In the first seven months of 2025, the Federal Government of Nigeria (FGN) bonds drew an impressive N4.67 trillion in…
Cedi Surges 40.7% Against Dollar in 2025, Driven by Strong Fundamentals and Investor Confidence
The Ghanaian cedi has posted a remarkable recovery in 2025, appreciating by 40.7% against the US dollar within the first…
Nigeria’s AI Future at a Crossroads: Experts Urge Swift Regulation to Unlock Prosperity
As Nigeria rapidly embraces Artificial Intelligence (AI), particularly generative models, experts warn that the country risks falling behind in safety…
NCC Leads Push for MVNO Sustainability in Nigeria’s Telecom Sector
The Nigerian Communications Commission (NCC) is taking a leadership role in promoting the sustainable growth of Mobile Virtual Network Operators…
Bank of Ghana Cracks Down on Forex Violations: Banks and MTOs Face Licence Revocation Over Non-Compliance
The Bank of Ghana (BoG) has issued a stern warning to financial institutions, threatening to revoke the licenses of those…
Nigeria to Monitor N25m+ Transactions Monthly from 2026 Under New Tax Law
Starting January 2026, banks and other financial institutions in Nigeria will be required to report monthly transactions exceeding ₦25 million…
FCMB Sees Strong Growth as Earnings Hit N529.2bn in H1
FCMB Group Plc has reported strong financial results for the first half of 2025, with gross earnings rising by 41.3%…
Nigerian Stock Market Hits 18-Day Bull Run as NGX Rallies Past ₦85 Trillion — Investors Flock to Equities Amid Strong Earnings
The Nigerian equity market is experiencing an extraordinary bullish streak, notching up 18 consecutive days of gains, a feat last…