GUTA President Urges Urgent VAT Reform to Cut Business Costs Ahead of 2025 Budget-GHANA
As someone following Ghana’s business climate closely, I found it striking that the President of the Ghana Union of Traders…
Category: Local
World Bank Flags NNPCL for Withholding Half of Fuel Subsidy Savings
The World Bank has raised a red flag over the Nigerian National Petroleum Company Limited (NNPCL) for remitting only half…
Dangote Refinery Maintenance Spurs Fuel Import Surge as Nigeria Turns to Europe
The recent dip in output from the Dangote Petroleum Refinery has triggered a notable rise in fuel imports across West…
NGX Market Gains N186bn Amid Bullish Sentiment, Consumer Goods and Banking Stocks Lead Rally
Investors at the Nigerian Exchange (NGX) recorded significant gains on Wednesday, May 15, 2025, as market sentiment turned bullish, lifting…
NNPC Cuts Petrol Price to ₦910/Litre in Abuja Amidst Dangote’s Market Push
In a move that signals a growing shift in Nigeria’s fuel market dynamics, the Nigerian National Petroleum Company (NNPC) Limited…
Lagos Rakes in Over N1 Trillion in Investments, Sets Sights on 2025 Economic Growth
In a major economic milestone, the Lagos State Government has announced that it attracted over N1 trillion in investments within…
CBN Gears Up for Historic 300th MPC Meeting Amid Signs of Economic Recover
The Central Bank of Nigeria (CBN) is set to hold its 300th Monetary Policy Committee (MPC) meeting on May 19–20,…
NGX Bounces Back with N314 Billion Gain as Investors Hunt for Bargains
The Nigerian Exchange (NGX) saw a strong rebound yesterday, reversing earlier losses as investors took advantage of bargain opportunities in…
Cyber Talent Drain Threatens Nigeria’s Digital Defenses
Nigeria is facing an escalating cybersecurity crisis due to a severe shortage of skilled professionals, just as the volume and…
CBN Launches NRBVN Platform to Boost Diaspora Remittances to $1 Billion Monthly
In a significant stride towards deepening financial inclusion, the Central Bank of Nigeria (CBN), in partnership with the Nigeria Inter-Bank…
Dangote Refinery Cancels June Maintenance After Emergency Repairs, Ends Petrol Rebate
The Dangote Petroleum Refinery has called off its planned June maintenance for its key gasoline unit, after successfully completing essential…
Abia State Partners with MTN Nigeria to Drive Digital Transformation and Economic Growth
The Abia State Government has signed a Memorandum of Understanding (MoU) with MTN Nigeria to advance its digital transformation strategy.…
Foreign Portfolio Outflows Surge 251% in Q1 2025 Amid Economic Reforms and Global Tensions
In the first quarter of 2025, foreign portfolio outflows from Nigeria’s equities market surged to N420.37 billion, reflecting a significant…
World Bank Criticizes Nigeria’s Conditional Cash Transfer Program for Failing to Reach Millions
The World Bank has criticized Nigeria’s conditional cash transfer program, launched by the Federal Government in 2023, for failing to…
Tullow Ghana Resumes Gas Supply to Atuabo After FPSO Technical Glitch
Tullow Ghana has officially resumed gas exports to the Atuabo Gas Processing Plant after addressing a technical issue on the…
NGX-ASI up 0.46% on renewed bargains
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) recorded a 0.46 percent increase on Tuesday, signaling renewed investor interest in…
Nigerians, others to be affected as US plans 5% tax on remittances
The United States is considering a new bill that could significantly impact Nigerians and other immigrants sending money home. A…
CBN’s Tight Monetary Policy May Cut Inflation to 22.1% in 2025 – World Bank
The World Bank has projected that Nigeria’s inflation rate could drop to an average of 22.1% in 2025, thanks to…
Nigerian Stock Market Sees 0.4% Dip Amid Profit-Taking, Analysts Forecast Market Rebound
The Nigerian Exchange Limited (NGX) began the week on a negative note, with the All Share Index (ASI) dipping by…
Agriculture Sector Drives Economic Growth in April 2025, Marks 9th Consecutive Expansion
Economic activities in Nigeria experienced consistent growth for the fifth consecutive month in April 2025, with a 52.2 index point…
Nigeria’s External Reserves Hit 8-Month Low Amid Foreign Debt Payments and FX Market Interventions
Nigeria’s external reserves have fallen to their lowest levels in eight months, reaching $37.9 billion by the end of April…
Nigeria’s Tax Overhaul: Key Reforms Aimed at Economic Growth and Revenue Boost
In a historic move last week, the Nigerian Senate passed a suite of tax reform bills aimed at revitalizing the…
World Bank Admits Nigeria’s Economic Progress, Says Prices Remain High
Nigeria’s journey toward achieving a $1 trillion economy has received cautious recognition from the World Bank, which praised the country’s…
World Bank Flags NNPCL Over Incomplete Fuel Subsidy Remittances
The World Bank has raised concerns over the Nigerian National Petroleum Company Limited (NNPCL)’s handling of proceeds from the removal…
Naira Strengthens to ₦1,597.7/$1 at Official Market as CBN Policies Begin to Take Hold
The Nigerian naira gained strength against the US dollar on Monday, closing at ₦1,597.7/$1 in the official foreign exchange market.…
Forex Market Speculators Struggle Amid CBN’s Regulatory Reforms and Strengthened Naira
The Nigerian foreign exchange (forex) market has been facing a major overhaul as the Central Bank of Nigeria (CBN) intensifies…
AI Set to Reshape Nigerian Businesses and Jobs: CEOs Embrace Tech-Driven Growth
The future of work in Nigeria is getting a high-tech upgrade, with artificial intelligence (AI) poised to transform how businesses…
Ghana Cedi Set to Strengthen in 2025, Buoyed by Remittances and Economic Growth – Black Star Advisors
The Ghanaian cedi is expected to appreciate against major international currencies in 2025, marking a potential turning point after more…
Nigeria’s Creative Economy Targets $100 Billion Boost by 2030 – Minister Musawa
The Minister of Art, Culture, Tourism, and the Creative Economy, Hannatu Musawa, has revealed the government’s ambitious plan for the…
Nigeria to Deploy $3 Billion Telecom Infrastructure by June 2025 to Boost Digital Inclusion
Nigeria is set to receive telecommunications infrastructure worth $3 billion by June 2025, according to the Minister of Communications, Innovation…