FG Records Strong Investor Appetite in July Bond Auction, Allots N185.9 Billion Amid Yield Decline
The Federal Government of Nigeria, through the Debt Management Office (DMO), successfully raised N185.9 billion in its July 2025 bond…
Category: Local
Dangote Refinery Withdraws ₦100bn Lawsuit Against NNPC, Marketers Amid Industry Speculation
Dangote Petroleum Refinery and Petrochemicals has abruptly withdrawn its ₦100 billion lawsuit against several key industry players including the Nigerian…
Manufacturers Urge CBN to Cut Interest Rates Amid Inflation Crisis
The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Nigeria (CBN) to cut interest rates, arguing that…
CBN Holds Interest Rates Steady Amid Inflation Pressures, Eyes Economic Stability
The Central Bank of Nigeria (CBN), in a decisive move during its July 2025 Monetary Policy Committee (MPC) meeting, voted…
CBN Rate Hold Spurs Four Smart Investment Strategies: Experts Advise on Fixed Income, Equities, and Eurobonds
The Central Bank of Nigeria (CBN) has decided to maintain its benchmark interest rate at 27.5 percent, a move anticipated…
NGX Gains ₦400bn as Investor Optimism Boosts Trading Activity
The Nigerian Exchange Limited (NGX) kicked off the trading week on a bullish trajectory, gaining ₦400 billion in market capitalisation…
Nigeria’s Agriculture GDP Share Rises to 27.8% in Q1 2025 Despite Sector Challenges
Nigeria’s agricultural sector recorded a notable increase in its GDP share to 27.8% in Q1 2025, according to new data…
Nigeria Enacts New Law Mandating Banks to Report Transactions Over N25m Monthly — NTAA 2026
Beginning January 2026, Nigerian banks, insurance companies, and financial institutions will be required to report monthly transactions exceeding ₦25 million…
GNCCI Urges BoG to Cut Policy Rate by 3% to Boost Private Sector Growth-Ghana
The Ghana National Chamber of Commerce and Industry (GNCCI) has called on the Bank of Ghana (BoG) to reduce the…
NGX Market Capitalisation Surges to ₦85.5tn on Investor Optimism and Strong Q2 Earnings
The Nigerian Exchange Limited (NGX) experienced significant growth in the first half of 2025, with its market capitalisation rising by…
Chams Corporation Reports 42% Revenue Surge and Strategic Restructuring for Fintech Growth
Chams Holding Company PLC announced a 42% increase in revenue, reaching ₦14.93 billion for the financial year ended 2024. The…
Nigerian Stock Market Surges by N1.81 Trillion in One Week Amid Earnings Season and Yield Drop
The Nigerian stock market maintained its bullish run last week, appreciating by N1.81 trillion as investors responded positively to half-year…
Naira Bonds Lead Emerging Markets Rally as Tinubu’s Reforms Boost Investor Confidence
Since President Bola Tinubu took office in May 2023, Nigeria’s financial reforms have sparked a remarkable rally in the country’s…
NGX Records Sharp Decline in Trade Volume Amid Price Rally
The Nigerian equities market experienced one of its steepest drops in trading volume last week, falling nearly 79 percent to…
CBN Injects $81m into FX Market as Naira Faces Pressure, But Outlook Turns Positive
The Central Bank of Nigeria (CBN) injected $81 million into the Bureau De Change (BDC) segment of the foreign exchange…
IMF Urges Bank of Ghana to Stay the Course on High Interest Rates Amid Inflation Gains
The International Monetary Fund (IMF) has advised the Bank of Ghana (BoG) to maintain a tight monetary policy stance in…
Bank of Ghana’s MPC Convenes to Set Economic Tone Amid Signs of Stability
The Bank of Ghana’s Monetary Policy Committee (MPC) kicked off its 125th regular meeting today, July 28, to assess recent…
Replicate Naira-for-Crude Success Across Sectors, Says Dangote
Aliko Dangote has called on the Federal Government to expand the Naira-for-Crude policy beyond oil, hailing the initiative as a…
Nigeria Holds Key Rate as FX Gains, Inflation Moderates, and Investor Confidence Grows
In a bid to sustain recent gains in price stability and foreign exchange (FX) market calm, the Central Bank of…
Fintech Experts Launch Investor‑Link Platform at NFW25
Fintech experts in Nigeria, through the Fintech Association of Nigeria (Fintech NGR), have developed a dedicated platform under the banner…
Fitch Maintains ‘Stable’ Outlook for Kogi and Oyo, Cautions on Heavy Federal Dependence
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of both Kogi and Oyo States at ‘B’ with a…
Bullish Momentum Continues on NGX as MPR Hold and Strong Q2 Earnings Boost Investor Confidence
The Nigerian stock market maintained its upward trajectory last week, fueled by the Central Bank of Nigeria’s (CBN) decision to…
Cashless Surge: Nigerians Push E-Payments to N317.2 Trillion in Q1 2025
Nigeria’s adoption of digital finance continues to surge as electronic payment transactions rose by 24% year-on-year (YoY) to ₦317.2 trillion…
Record N4.2tn FAAC Allocation: Economic Lifeline or Inflationary Time Bomb?
Nigeria’s Federation Account Allocation Committee (FAAC) disbursed a record N1.82 trillion in June, bringing the three-month windfall to N4.2 trillion…
Nigerian Stock Market Gains N69bn Amid Mixed Investor Sentiment
The Nigerian stock market continued its bullish trend during midweek trading, with a total gain of ₦69 billion in market capitalization.…
SIGA to Revamp Performance Contracts in Line with Ghana’s 24-Hour Economy Drive
The State Interests and Governance Authority (SIGA) has announced plans to revise performance contracts for state-owned enterprises to align with…
World Bank Partners with Nigeria on Landmark 90,000km Fiber Optic Project to Boost Broadband Access
The World Bank has announced a major partnership with the Nigerian government to roll out a nationwide 90,000-kilometer fiber optic…
FCMB, ICCN Call for Sustainable Trade Reforms to Boost Nigeria’s Global Competitiveness
First City Monument Bank (FCMB) and the International Chamber of Commerce Nigeria (ICCN) Banking Commission have jointly advocated for sustainable…
Nigeria’s Trade Slows Amid Rising Costs, Weak Demand
Nigeria’s trade sector experienced a marginal decline in its contribution to GDP in the first quarter of 2025, despite recording…
Ghana Restores Economic Confidence in Under 200 Days – Finance Minister Ato Forson
Ghana’s Minister of Finance, Dr. Cassiel Ato Forson, has declared that the government has successfully restored economic confidence within just…