FG Reaches 6 Million Nigerians with Cash Transfers in Six Months – Minister
The Federal Government of Nigeria has disbursed conditional cash transfers to six million Nigerians within a six-month period, according to…
Category: Local
Foreign trade payment rises to $267.96m – CBN
Nigeria’s foreign trade payments through Letters of Credit (LCs) increased by 3.68 percent year-on-year to $267.96 million in the first…
BoG Mandates Banks to Hold Reserves in Original Deposit Currencies from June_Ghana
Starting June 5, 2025, commercial banks in Ghana will be required to maintain their cash reserves in the same currency…
NGX Turnover Surges to N74.8bn Despite ASI Dip and Mixed Sectoral Performance
The Nigerian Exchange (NGX) witnessed a strong rise in market activity last week, with turnover climbing by 17.3 per cent…
Tinubu at Two: Energy Sector Grapples with Persistent Challenges Amid Modest Progress
As President Bola Tinubu’s administration marks its two-year anniversary, Nigeria’s energy sector remains deeply entangled in both domestic and international…
AGI Expects Policy Rate Cut as Economic Conditions Improve
The Association of Ghana Industries (AGI) is anticipating a reduction in Ghana’s policy rate, ahead of the Bank of Ghana’s…
Nigeria Commits $1 Billion to Transform Telecom Infrastructure by Q3 2025
Nigeria is embarking on a significant overhaul of its telecommunications sector, with a $1 billion investment in new network equipment…
CBN Holds Interest Rate to Curb Inflation, Spur Growth Amid Fragile Economic Gains
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has decided to maintain the benchmark interest rate…
CBN Nets N615.8bn as Treasury Bill Demand Surges Despite Fiscal Strains
In its latest Treasury bills auction on May 21, 2025, the Central Bank of Nigeria (CBN) raised N615.8 billion, surpassing…
Lagos State to Launch AI Guidelines, Advocate Ethical Investment in $20 Trillion Industry
The Lagos State government has announced plans to release its first set of Artificial Intelligence (AI) guidelines, aiming to foster…
BREAKING: Otedola Invests N320bn in First Bank, Cites Tinubu and Cardoso’s Reforms as Key Drivers
Billionaire investor and Chairman of First Holdco Plc, Femi Otedola, has announced a landmark N320 billion personal investment in First…
Manufacturers, LCCI Clash Over CBN’s 27.5% Interest Rate Policy
The Central Bank of Nigeria’s (CBN) decision to maintain the Monetary Policy Rate (MPR) at 27.5 percent since November 2024…
Telcos battle 33 outages in May
Nigeria’s telecommunications industry experienced 33 major network outages in May 2025, significantly disrupting services across the country. According to data…
With 47.73% Spread, Nigeria Still Far from Attaining 70% Broadband Penetration Target
Despite bold projections by the Nigerian Communications Commission (NCC) to surpass 70% broadband penetration by the end of 2025, recent…
CBN Unveils Draft Standards for Automated AML/CFT Systems to Strengthen Financial Oversight
In a major step toward enhancing Nigeria’s financial security, the Central Bank of Nigeria (CBN) has released a draft document…
Dangote: 52 Kobo of Every Naira in Local Investment Goes to Federal Government
At the 2025 Taraba International Investment Summit (TARAVEST) held in Jalingo, the Chairman of Dangote Group, Alhaji Aliko Dangote, emphasized…
BoG Overhauls Monetary Policy to Spur Growth and Control Inflation-GHANA
The Bank of Ghana (BoG) has initiated a major review of its monetary policy framework, aiming to adopt more dynamic…
Producer Price Inflation in Ghana Drops to 18.5% in April, Signaling Easing Cost Pressures
Ghana’s Producer Price Inflation (PPI) saw a notable drop in April 2025, falling to 18.5% from 24.4% in March, according…
Nigerian Stock Market Sheds N70 Billion Amid Sell Pressure in 27 Stocks
The Nigerian stock market experienced a downturn on Wednesday, with market capitalisation dropping by N70 billion. This decline was attributed…
Nigeria’s Low GDP Per Capita Hinders Prosperity, Urgent Growth Needed — World Bank
Nigeria’s economic output per person remains critically low, placing the country 146th out of 191 globally, according to the World…
Nigeria’s Debt Service Soars 49% Amid Mounting Fiscal Pressures
Nigeria’s debt service payments surged by 49.2% year-on-year in the first four months of 2025, reaching $2.01 billion, up from…
Naira Strengthens Across Markets, Hits N1,615/$ in Parallel Market
The Nigerian naira appreciated on Wednesday in both the parallel and official foreign exchange markets. In the parallel market, the…
NGX Loses N70bn as Market Reverses Gains Amid Mixed Investor Sentiment
The Nigerian Exchange (NGX) ended Wednesday’s trading session on a negative note, reversing the gains recorded a day earlier. Investors…
Africa’s Digital Surge Sparks Urgent Demand for AI and Cybersecurity Talent – SAP Report
A new SAP report has revealed that Africa’s fast-growing digital economy is fueling an unprecedented demand for artificial intelligence (AI)…
BREAKING:Petrol Prices Surge by 76.73% Year-on-Year in April 2025 Despite Monthly Dip – NBS
In April 2025, the average retail price of Premium Motor Spirit (PMS), or petrol, soared to N1,239.33 per litre, marking…
Lagos government sanctions 21 money lending firms for violations
The Lagos State government has penalized 21 money lending companies for breaching various regulatory guidelines. This was disclosed by the…
Nigerian Breweries Appoints Emmanuel Oriakhi as Sales Director to Lead Growth and Innovation
Nigerian Breweries Plc has officially appointed Emmanuel Oriakhi as its new sales director, effective March 24, 2025. This announcement was…
BoG’s MPC Convenes 124th Meeting Amid Cedi Stability and Inflation Watch_Ghana
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has commenced its 124th meeting to evaluate the country’s…
Naira Strengthens Amid FX Reforms as CBN Marks Monetary Policy Milestone
The naira showed modest gains in both the official and parallel foreign exchange markets on Tuesday, appreciating to N1,625/$1 in…
Nigerian Tech Startups Defy Economic Storms to Post Seven-Fold Growth
Despite facing one of the toughest economic periods in recent Nigerian history, seven tech companies have recorded a remarkable 621.53%…