Dangote Refinery Reshapes Africa’s Fuel Landscape as Nigeria Ends Petrol Import Dominance
Nigeria has relinquished its status as Africa’s largest importer of refined petroleum products, with South Africa now taking the lead.…
Category: Local
FX Reforms Spark Surge in Investor Confidence as Daily Turnover Hits $500m
Nigeria’s foreign exchange (FX) market has experienced a dramatic boost in liquidity, with daily turnover approaching $500 million—a nearly five-fold…
FG Launches Presidential Committee to Spearhead Nigeria’s Digital Infrastructure Transformation
In a major push toward digital transformation, the Federal Government of Nigeria has inaugurated a Presidential Committee on Digital Public…
Stakeholders Call for Greater Investment and Support to Boost Nigeria’s Tech Innovators
At a recent World Product Day event in Lagos, key players in Nigeria’s investment sector highlighted the major obstacles facing…
World Bank Cuts Kenya’s 2025 Growth Forecast to 4.5% Amid Mounting Debt and Credit Woes
The World Bank has lowered Kenya’s 2025 economic growth projection to 4.5%, a reduction of 0.5 percentage points, primarily due…
Wear It All Luxury Launches Glamorous Abuja Boutique with Star-Studded Event
Wear It All Luxury, the high-end fashion brand led by entrepreneur Sodiq Babatunde Rufai, has officially expanded its footprint with…
CBN Launches New Shari’ah-Compliant Tools to Strengthen Nigeria’s Non-Interest Financial Market
The Central Bank of Nigeria (CBN) has introduced innovative liquidity management instruments to advance the country’s growing non-interest financial sector.…
Africa’s Cross-Border Payments Market Set to Reach $1 Trillion by 2035 Amid Fintech Boom
Africa’s cross-border payments market is poised for significant growth, with projections estimating it will nearly triple to $1 trillion by…
Tinubu’s New Borrowing Plan Pushes Nigeria’s Debt to N183 Trillion Amid Economic Strains
President Bola Tinubu has proposed a fresh borrowing plan that will increase Nigeria’s total public debt from nearly ₦145 trillion…
Jinapor Urges Swift Operationalisation of Africa Energy Bank to Power Continental Growth-Ghana
Ghana’s Minister for Energy and Green Transition, John Jinapor, has called for urgent action to make the Africa Energy Bank…
Nigeria Unveils N3.3 Trillion Infrastructure Plan to Bridge Digital Divide by 2025
The Nigerian government has announced an ambitious N3.3 trillion ($2 billion) digital infrastructure plan aimed at closing the country’s digital…
Google’s AI Ad Tools Poised to Supercharge Nigeria’s Digital Economy
Google has unveiled a range of cutting-edge artificial intelligence (AI) advertising tools aimed at accelerating digital growth in Nigeria and…
NGX Market Capitalisation Surpasses N70 Trillion on Strong Investor Demand for Airtel Africa, Others
The Nigerian Exchange Limited (NGX) saw its market capitalisation cross the N70 trillion mark, driven by strong investor demand for…
Nigeria Strengthens Strategic Ties with China to Boost Industrialisation
The Federal Government of Nigeria has reiterated its strong commitment to deepening its strategic partnership with China, emphasizing that the…
Ghana Poised for Economic Growth Beyond IMF Support – Deputy Finance Minister
Deputy Finance Minister Thomas Ampem Nyarko has reaffirmed the government’s determination to guide Ghana’s economy toward sustainable growth without further…
Tinubu seeks Reps approval for $21.5bn external loan, N757.9bn bond
President Bola Tinubu has formally requested the Nigerian House of Representatives to approve a comprehensive borrowing plan totaling over $21.5…
Fuel Output Declines by 1.4 Million Liters Daily as Port Harcourt Refinery Begins Scheduled Maintenance
Nigeria’s premium motor spirit (PMS) production has fallen by 1.4 million liters daily following the resumption of maintenance activities at…
NACCIMA President Urges Overhaul of Nigeria’s Investment Agencies to Attract High-Quality Investments
The President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Dele Kelvin Oye, has called…
CBN Launches New Liquidity Tools to Boost Non-Interest Banking Sector
The Central Bank of Nigeria (CBN) has introduced a suite of innovative liquidity management instruments tailored for non-interest financial institutions.…
CBN Holds Interest Rate at 27.5%, Analysts Cite Stabilization Amid Persistent Risks
The Central Bank of Nigeria (CBN) concluded its 300th Monetary Policy Committee (MPC) meeting by maintaining the benchmark interest rate…
Nigerian Exchange Rebounds with N540 Billion Market Cap Gain Amid Renewed Investor Optimism
The Nigerian Exchange (NGX) bounced back strongly on Monday, adding N539.98 billion to its market capitalization and reversing losses from…
SEC Approves N3.68 Trillion in New Market Issues Amid Strong Investor Confidence in 2024
The Securities and Exchange Commission (SEC) in Nigeria approved a total of N3.68 trillion in new market issues throughout 2024,…
Local Investors Dominate N2.7 Trillion Stock Deals in First Four Months of 2025
In the first four months of 2025, stock transactions on the Nigerian Exchange (NGX) totaled N2.714 trillion, a significant increase…
Tinubu at Two: Between Painful Reforms and Hopes of Economic Revival
In his first two years in office, President Bola Tinubu has embarked on a sweeping wave of economic reforms aimed…
Bank of Ghana Urges Businesses to Use Cedi to Sustain Currency Gains and Calls for Crypto Regulation
The Bank of Ghana has called on businesses operating within the country to conduct transactions in the local currency, the…
CBN Measures Steady the Naira, But Major Gains Remain Unlikely
The Nigerian naira is expected to remain relatively stable in the near term, supported by the Central Bank of Nigeria’s…
World Bank Pressures Nigeria to Raise Sin Taxes as Loan Condition
The World Bank has urged Nigeria to implement higher excise duties on “sin goods” like alcohol, tobacco, and sugary drinks…
NCC Mandates Telecom Operators to Announce Major Network Outages and Compensate Subscribers
The Nigerian Communications Commission (NCC) has introduced a directive requiring all telecom licensees to publicly notify consumers about major network…
Breaking:Foreign Portfolio Inflows to Nigerian Stock Market Plunge 92% in April Amid Global Trade Uncertainty
Foreign portfolio investment into Nigeria’s equities market nosedived by 92.39% in April 2025, falling from N349.97 billion in March to…
Tinubu’s Mining Reforms Attract $800 Million and Spark Sector Boom — Alake
President Bola Tinubu’s mining reforms have significantly revitalized Nigeria’s solid minerals sector, leading to a sixfold revenue increase and attracting…