11 Nigerian Banks Breach Non-Performing Loan Limit Amid Credit Quality Concerns
Rising NPLs Spark Concern in Nigeria’s Banking SectorAt least eleven commercial banks in Nigeria exceeded the regulatory threshold for non-performing…
Category: Local
Nigerian Stocks Edge Up 0.18% Amid Mixed Sectoral Performance and Cautious Trading
The Nigerian Exchange Limited (NGX) began the week on a modestly positive note, as the All-Share Index (ASI) rose by…
Nigeria’s Rebased GDP Hits ₦372.82 Trillion Amid Worsening Poverty, Public Discontent
Economic Growth Through RebasingThe National Bureau of Statistics (NBS) has rebased Nigeria’s Gross Domestic Product (GDP), shifting the base year…
High Interest Rates Now Nigeria’s Top Business Concern — CBN Survey Finds
According to the Central Bank of Nigeria’s (CBN) June 2025 Business Expectations Survey, high interest rates have become the most…
Stakeholders Advocate AI Adoption to Revolutionize Autism Education in Nigeria
At the 15th Annual Autism Conference organized by Guaranty Trust Holding Company Plc in Lagos, stakeholders emphasized the need to…
Foremost Capital Surpasses ₦60 Billion AUM in Six Months, Eyes Ethical Investment Expansion
Foremost Capital Limited, a newly established and SEC-licensed asset management company, has achieved a remarkable milestone by exceeding ₦60 billion…
Nigerian Stock Market Hits 2025 High as Heavyweight Stocks Propel All-Share Index Beyond 130,000 Points
The Nigerian stock market capped off its strongest week of 2025 as the NGX All-Share Index surged by 5,436.07 points…
Analysts Project 30% NGX Growth in H2 2025 on Banking Reforms and Investor Optimism
Analysts at Cowry Asset Management have forecast a 30 per cent surge in the Nigerian stock market for the second…
Analysts Warn of Inflation Resurgence Despite 3-Month Decline
Nigeria’s headline inflation has eased for the third consecutive month, declining to 22.22% in June 2025 from 22.97% in May.…
Telcos Resume SIM Swap Services After NIMC Platform Disruption — MTN, Airtel Confirm Full Restoration
Telecommunications companies in Nigeria have resumed SIM swap services after a disruption that left millions of subscribers unable to access…
Nigeria’s FX Reserves Climb $422m as CBN Boosts Market Intervention and Investor Confidence
Nigeria’s foreign exchange (FX) reserves grew by $422.16 million last week, bringing the total to $37.85 billion as of July…
Nigerian Mutual Funds Surge by ₦1.99 Trillion in H1 2025, Driven by Money Market Investments
In the first half of 2025, Nigeria’s mutual fund industry experienced impressive growth, recording a net inflow of ₦1.99 trillion.…
Bank of Ghana Assures Traders of Forex Availability Amid Access Complaints
The Bank of Ghana (BoG) has responded to growing concerns within the business sector, particularly from the Ghana Union of…
Nigerian Equities Set to Sustain Gains Amid Strong Half-Year Earnings Expectations
The Nigerian equities market is poised to maintain its bullish trajectory, bolstered by heightened investor expectations for robust half-year (H1)…
SEC to Launch USSD Code for Verifying Capital Market Operators to Combat Ponzi Schemes
The Securities and Exchange Commission (SEC) of Nigeria has announced plans to launch a USSD code system designed to help…
Nigerian Stock Market Surges: Investors Gain N6.9 Trillion in 10-Day Bull Run
The Nigerian equities market has witnessed an extraordinary 10-day winning streak, during which investors collectively gained N6.902 trillion. This surge…
CBN Recapitalisation Sparks N500bn Surge in Bank Stocks on NGX
Investor activity in Nigeria’s stock market soared last week, especially within the banking sector, following the Central Bank of Nigeria’s…
Cardoso Warns of Inflation Spike Amid Record FAAC Liquidity Surge
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has raised an alarm over the surge in banking…
FCMB Partners TEHC on $40M Louisville Project to Redefine Urban Living in Lagos’ Eko Atlantic
First City Monument Bank (FCMB) has announced a $40 million loan facility to finance the Louisville Phase 1 residential tower,…
Nigerian Stock Market Hits N82.41trn as BUA, Dangote Cement Lead 1.02% Rally
The Nigerian Exchange (NGX) maintained its bullish trend on Thursday, July 17, 2025, with the All-Share Index (ASI) climbing 1.02%…
FGN Savings Bonds Attract N4.27bn in July Amid Lower Interest Rates
The Debt Management Office (DMO) has successfully raised N4.27 billion through the Federal Government of Nigeria (FGN) Savings Bonds for…
NCC Unveils New Licensing Framework to Boost Innovation as Broadband Penetration Hits 49%
The Nigerian Communications Commission (NCC) has introduced a new draft General Authorisation Framework (GAF) aimed at accommodating emerging technologies and accelerating innovation…
Digital Disconnect: Report Reveals Nigerian Ministers’ Poor Social Media Presence
A new report by UK-based communications firm Column has exposed a significant shortfall in the digital engagement of Nigeria’s cabinet…
NGX Raises Over N4.63 Trillion in H1 2025 as Investor Confidence Surges
In the first half of 2025, the Nigerian Exchange (NGX) raised over N4.63 trillion through corporate and sovereign instruments, marking…
Increase in import volume affecting Nigeria’s currency — Prof Opara
Professor Kennedy Opara, former Executive Secretary of the Nigerian Christian Pilgrim Commission (NCPC) and current Chairman of CSSP Farm, has…
NCC, MTN, Others Back Titans of Tech 2025 to Drive ICT Innovation in Nigeria
The Nigerian Communications Commission (NCC), MTN Nigeria, and several key players in the ICT industry have pledged their support for…
Experts Raise Alarm Over Nigeria’s Heavy Dependence on China for Imports
Nigeria’s growing reliance on China as its primary import partner has triggered concern among financial analysts and economists. Speaking at…
Ghana’s Producer Price Inflation Drops to 5.9% in June — Lowest Since November 2023
Ghana’s Producer Price Inflation (PPI) dropped sharply to 5.9% in June 2025, its lowest level since November 2023, according to…
Nigeria’s Eurobonds Lead Africa in H1 2025 as Reforms Boost Investor Confidence
In the first half of 2025, Nigeria’s Eurobonds outperformed those of other African nations, recording the sharpest decline in yields—a…
Mobile-Phone Technology Fuels Financial Inclusion Boom in Nigeria and Developing Countries – World Bank
A new report by the World Bank Group has revealed a significant surge in financial account usage and formal savings…