SBM Warns of Telecom Sector Collapse Without Urgent FX Access, Policy Reform
SBM Intelligence, a leading research firm, has raised alarms over the deteriorating state of Nigeria’s telecommunications sector, warning that without…
Category: Local
Fintech Urged as Key to Business Growth for SMEs in Ghana – Experts Highlight Youth-Driven Digital
At the 2025 Citi Business Festival (#CitiBusinessFestival), Martin Kwame Awagah, President of the Ghana Fintech and Payments Association, delivered a…
Nigeria’s Economic Reforms Boost FG Revenue to N6.9 Trillion in Four Months – Finance Minister Edun
Nigeria’s Federal Government generated N6.9 trillion in revenue between January and April 2025, marking a 40% increase compared to the…
NGX Urges Regional Collaboration to Boost Trade and Investment in West Africa
The Nigerian Exchange Group (NGX) has emphasized the need for increased regional collaboration to harness West Africa’s vast trade and…
Bank of Ghana Urges Stronger Cybersecurity Collaboration to Protect Financial Inclusion
The Bank of Ghana (BoG) is calling for enhanced cybersecurity measures across Africa’s financial sector, emphasizing the urgent need for…
What CBN’s forbearance shift means for banks
The Central Bank of Nigeria (CBN) has officially ended its post-COVID regulatory forbearance program, signaling a new era of orthodox…
SEC Tenure Rule Sparks Panic Among Capital Market Operators in Nigeria
A recent directive from Nigeria’s Securities and Exchange Commission (SEC) has created significant anxiety among capital market operators. The new…
Naira Holds Steady as CBN Injects $86.6m to Ease Dollar Shortage
The naira closed nearly unchanged on Monday in the official Nigerian Foreign Exchange Market (NFEM) after the Central Bank of…
Petrol Prices Surge Past ₦950/Litre in Nigeria Amid Global Tensions, Naira Slide
Petrol prices across Nigeria climbed steeply on Monday, with pump prices in major cities like Abuja and Lagos now ranging…
Nigeria Earns N70tn from Oil Exports Despite Weak Output and Sector Challenges
Nigeria has generated a substantial N70.1 trillion in oil export revenue over a 15-month period from January 2024 to March…
Absa Bank Ghana: Digital Integration Key to Market Access and SME Financing
Absa Bank Ghana has emphasized the importance of digital integration for business growth, financial inclusion, and market access. Speaking during…
NGX Opens Week Strong with N279bn Boost as Investor Sentiment Rises
The Nigerian Exchange Limited (NGX) started the week on a bullish trajectory, gaining N279 billion in market capitalization on Monday.…
NCC Projects Surge in Telecom Investments Amid Economic Recovery and Infrastructure Reforms
The Nigerian Communications Commission (NCC) has projected a significant increase in investments in the country’s telecommunications sector in 2025. Speaking…
SEC Tenure Rule Triggers Market Anxiety as Capital Operators Scramble for Clarity
The Securities and Exchange Commission (SEC) of Nigeria has introduced a new rule imposing tenure limits on directors of Capital…
Nigeria’s Tax Harmonisation Plan to Curb Food Inflation, Boost Agricultural Transport
The Chartered Institute of Taxation of Nigeria (CITN) has applauded a recent resolution by Nigerian state governors to harmonise transportation…
Domestic Investors Dominate NGX with N3.4tn in Trades Amid Rising Confidence
Domestic investors have emerged as the dominant force on the Nigerian Exchange Limited (NGX), driving a total of N3.41 trillion…
Naira Strengthens Amid CBN Intervention, FPI Inflows and Eased Inflation
The Nigerian naira appreciated slightly at the official foreign exchange window in the past week, moving to ₦1,547/$ from ₦1,549/$,…
Offshore Investors Fuel Nigeria’s Bond Market Rally Ahead of DMO Auction
Foreign Portfolio Investors (FPIs) significantly increased their interest in Nigeria’s fixed income instruments last week ahead of the June 24…
SEC Ban on Dual Director Roles Wins Stakeholder Support Amid Corporate Governance Push
The Securities and Exchange Commission (SEC) of Nigeria has issued a new directive banning Independent Non-Executive Directors (INEDs) from assuming…
Bank of Ghana to Overhaul Reference Rate in Drive for 10% Lending Target
The Bank of Ghana (BoG) has announced a major reform targeting the Ghana Reference Rate (GRR) as part of efforts…
NCC Vows to Expose and Prosecute Telecom Vandals Under New Infrastructure Protection Order
The Nigerian Communications Commission (NCC) has announced its intention to collaborate more closely with security agencies to arrest and prosecute…
REA and FCMB Launch ₦100 Billion Renewable Energy Fund to Power Two Million Nigerian Homes
In a strategic move to expand electricity access across Nigeria, the Rural Electrification Agency (REA) and First City Monument Bank…
Breaking: Tinubu Sets Up High-Level Peace Committee to Tackle Benue Killings
In response to a deadly attack that claimed around 200 lives in Yelewata community, Guma Local Government Area of Benue…
CBN’s 50% CRR Policy Sparks Liquidity Crisis, Threatens Nigeria’s $1tn Economic Goal
Nigeria’s banking sector is facing a serious liquidity challenge following the Central Bank of Nigeria’s (CBN) decision to impose a…
Dangote Refinery Set to Export First Petrol Cargo to Asia, Signaling Global Expansion
The Dangote Petroleum Refinery, Africa’s largest oil refining facility, is preparing for its first gasoline export beyond Africa, with a…
NIBSS Launches ISO 20022-Compliant National Payment Stack to Revolutionize Digital Payments in Nigeria and Africa
The Nigeria Inter-Bank Settlement System (NIBSS) has officially launched the National Payment Stack (NPS), an advanced payment infrastructure built on…
Senate Demands Explanation from NNPCL Over Missing N210 Trillion in Financial Records
The Nigerian Senate has issued a one-week ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) to explain discrepancies totaling…
Experts Urge African Organisations to Embrace Digital Transformation for Economic Growth
Organisations and government agencies across Africa have been strongly encouraged to prioritise digital transformation as a critical strategy for innovation,…
Nigerian Stock Market Rebounds as Access, FCMB, and Fidelity Bank Assure CBN Compliance
The Nigerian stock market saw a significant rebound after major banks including Access Holdings, FCMB Group, and Fidelity Bank reassured…
CBN Halts Banks’ Foreign Investments, Dividends & Bonuses Amid Market Activity Surge
In a directive issued on June 13, 2025, the Central Bank of Nigeria (CBN) announced a temporary suspension on dividend…