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Bank of Ghana’s MPC Holds Key Meeting Amid Economic Pressures
The Bank of Ghana’s Monetary Policy Committee (MPC) has started its 123rd meeting today, which will focus on…
Naira struggles at official window, depreciates to 1536/$
The naira faced significant challenges at the official exchange rate window last week, depreciating by 1.25% to…
China Encouraged to Increase Investments and Technology Transfer to Boost…
Nigeria's Honourable Minister of Works, David Umahi, recently urged the Chinese government to enhance its…
African Finance Ministers Push for Immediate AfCFTA Implementation to Drive Trade…
The 57th session of the Conference of African Ministers of Finance, Planning, and Economic Development, held in…
FG Moves to Harmonize Fiscal Data for Economic Stability and Investor Confidence
The Federal Government of Nigeria is taking proactive steps to harmonize fiscal data across various government…
FG Focuses on Reducing Production Costs to Tackle Food Inflation and Improve…
The Nigerian government is taking steps to address food inflation and accessibility by reducing production costs…
NHRC to Collaborate with Tech Companies to Mitigate AI Risks in Nigeria
The National Human Rights Commission (NHRC) of Nigeria has announced its plans to engage technology companies in…
Flutterwave Partners with FIRS for Seamless Digital Tax Payment System
Flutterwave, a leading African payment technology company, has joined forces with the Federal Inland Revenue…
Sabotage of Trans-Niger Pipeline Threatens Nigeria’s Oil Production Recovery
Recent sabotage of Nigeria’s Trans-Niger Pipeline (TNP) has raised concerns over the country’s oil security just…
Naira Holds Steady Against Dollar in Black Market, Slightly Depreciates Officially
The naira remained stable against the dollar at the parallel foreign exchange market on Thursday, closing at…
Nigerian Stock Market Sees N35bn Loss Amid Persistent Sell Pressure
Investors in the Nigerian stock market experienced a significant setback on Thursday, with a loss of N35 billion…
Naira Faces Growing FX Liquidity Risk Amid Economic and Geopolitical Challenges
The Nigerian naira is facing increasing pressure in the foreign exchange market as it depreciated to N1,580/$ in…
FCMB Expands Presence with New Branch in Ogbomosho
First City Monument Bank (FCMB) has officially opened a new branch in Ogbomosho, aimed at boosting financial…
NGX Market Cap Drops to N65.8tn Amid Weak Investor Sentiment
The Nigerian Exchange (NGX) saw a decline in market capitalisation, dropping to N65.8 trillion as the All-Share…
FCTA Approves N2.1 Billion Contracts, Including N242.8 Million for FCT-IRS…
The Federal Capital Territory Administration (FCTA) has approved a total of N2,183,399,860 for various contracts…
Sanwo-Olu Advocates for Stronger Market Connectivity to Promote Sustainable…
Lagos State Governor Babajide Sanwo-Olu has reaffirmed his commitment to enhancing market connectivity between…
Tinubu Appoints Board for Nigerian Power Operator
President Bola Tinubu has appointed the board members for the newly established Nigerian Independent System…
Nigerian Breweries Completes 100% Acquisition of Distell Wines and Spirits Nigeria
Nigerian Breweries Plc has finalized the acquisition of the remaining 20% stake in Distell Wines and Spirits…
Dangote Refinery Halts Naira-Based Petrol Sales Amid Currency Mismatch
Dangote Petroleum Refinery has announced a temporary suspension of its petroleum product sales in Naira. This…
OADC to Build $240M Hyperscale Data Centre in Lagos, Boosting Africa’s Digital…
Open Access Data Centres (OADC), a subsidiary of WIOCC, has announced a significant investment of $240 million to…
65.5% of Nigerians Advocate for Lower Lending Rates, CBN Survey Reveals
A new survey by the Central Bank of Nigeria (CBN) has revealed that 65.5% of Nigerian households support a…
GSM Maintains Dominance as Active Data Internet Subscribers in Nigeria Reach 142…
As of January 2025, Nigeria's active data internet subscribers reached 142.16 million, according to the Nigerian…
Naira Gains Slightly to 1530.52/$ Amid Stability Efforts and Structural Reforms
The Nigerian naira showed a marginal appreciation of 0.16% on Wednesday, closing at 1530.52/$ compared to the…
Nigeria’s Telecom Sector Faces Declining Revenue as Currency Depreciation Hits…
Nigeria’s telecommunications market has seen a significant downturn, with the average revenue per user (ARPU)…
CBN’s Bank Recapitalisation and FX Reforms Pave Path to $1 Trillion Economy by…
The Central Bank of Nigeria (CBN) is implementing a series of strategic reforms to strengthen the nation’s…
Insurance Brokers Eye Opportunities in $490B AfCFTA Market Amid Regulatory…
As Nigeria joins 54 other African nations in advancing a single trade area under the African Continental Free…
Finance Minister Pledges Support for Private Sector Growth in Meeting with Dangote
The Federal Government has reaffirmed its commitment to fostering a business-friendly environment to stimulate…
Nigeria’s Crypto Future: Stronger Regulations to Boost Investment, Says…
The Chief Executive Officer of FlashChange, Bidemi Oke, discussed the growing role of cryptocurrencies in…
Exporters and Non-Bank Corporates Lead Nigeria’s Dollar Inflows as Naira…
Exporters and non-bank corporates were the main contributors to Nigeria’s dollar inflows, accounting for 64% of…
Nigeria’s Economic Rebase Offers New Growth Opportunities for Businesses and…
Nigeria has entered 2025 at a crucial economic crossroads, following a period of substantial reforms designed to…