World Bank Warns of Alarming Drop in FDI to Developing Nations, Hits Lowest Level Since 2005
Foreign direct investment (FDI) into developing economies has plummeted to its lowest point in nearly two decades, according to a…
Category: Local
Israel-Iran Conflict Threatens Nigerian Economy with Investment Risks and Rising Interest Rates – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has warned that the escalating conflict between Israel and Iran poses…
Beyond the Balance Sheet: Nigeria’s Bank Recapitalisation Spurs Debate on Profit vs Purpose
With only months left before the Central Bank of Nigeria’s (CBN) recapitalisation deadline, banks in Nigeria are rushing to meet…
Nigerian Breweries Bounces Back: Q1 2025 Profits Signal Strong Recovery, Spark Investor Optimism
Nigerian Breweries Plc has earned praise from financial stakeholders following its impressive Q1 2025 financial results, which mark a strong…
CBN Crackdown on Forbearance Exposes FirstHoldco, Others to Billions in Loan Risks
The Central Bank of Nigeria (CBN) has taken a firm stance by reverting to orthodox monetary policy, enforcing stricter regulations…
SEC Charts Path for Cross-Border Trade with Naira-Backed Stablecoin Framework
The Securities and Exchange Commission (SEC) of Nigeria has unveiled plans to develop a regulatory framework for stablecoins, aiming to…
CBN’s $4.01bn Forbearance Loans Under Review as Nigeria Plans Gradual Phase-Out
A new report by Renaissance Capital Africa has revealed that the Central Bank of Nigeria (CBN) extended a total of…
Blue Skies Ltd Urges Government Crackdown on Illegal Sand Winning Threatening Agribusiness-Ghana
Anthony Pile, the founder of Blue Skies Ltd, a leading agribusiness exporter in Ghana, has called on the government to…
Nigerian Equities Gain N513bn in 3-Day Trading Amid Bullish Investor Sentiment
Despite a shortened trading week due to public holidays marking Eid-el-Kabir and Democracy Day, the Nigerian equities market recorded a…
Macroeconomic Stability, Investor Confidence Fuel Nigerian Stock Market Surge — CIS
The President and Chairman of the Council of the Chartered Institute of Stockbrokers (CIS), Oluropo Dada, has attributed the recent…
FCMB promotes literary, creative skills
First City Monument Bank (FCMB) marked Children’s Day 2025 by hosting the grand finale of its National Essay and Drawing…
Nigeria’s Crude Export Earnings Drop to N12.96tn Amid Refining Setbacks and Production Decline
Nigeria’s crude oil export earnings fell to N12.96 trillion in the first quarter of 2025, representing a 16.34% year-on-year drop…
SEC Pushes for Recovery of N242bn in Unclaimed Dividends Amid Rising Backlog
The Securities and Exchange Commission (SEC) of Nigeria has revealed that unclaimed dividends in the nation’s capital market have ballooned…
Government Falls Short in T-Bill Auction by GHS393m as Yields Slide
The latest Treasury bill auction conducted by the Bank of Ghana ended in a shortfall, with the government falling GHS393…
CBN Halts Dividends for Banks Under Forbearance to Strengthen Capital Base
The Central Bank of Nigeria (CBN) has ordered banks operating under regulatory forbearance to suspend the payment of dividends, defer…
DevSecFlow Launches AI-Powered Cybersecurity Platform to Fortify Nigeria’s Fintech Sector
DevSecFlow, a cybersecurity firm, has launched an advanced security operations platform called SECOYA, aimed at providing intelligent and scalable cyber…
Nigeria’s Telecom Sector Bleeds $350 Million Annually on Diesel Amid Power Crisis – AFC Report
Nigeria’s telecommunications industry spends over $350 million annually on diesel to power its infrastructure, according to the Africa Finance Corporation’s…
Government Orders 10–15% Data Bundle Boost by July 1 to Improve Accessibility-Ghana
In a major policy move aimed at improving internet accessibility across Ghana, the government has directed all major mobile network…
Recapitalization Deadline: BDCs In Talks With CBN, Seek Extension To Dec 31
Following the expiration of the June 3, 2025 recapitalisation deadline for Bureau De Change (BDC) operators, a majority of players…
Nigeria’s $5 Billion Aramco Loan Stalls Amid Falling Oil Prices and Supply Concerns
Nigeria’s ambitious plan to secure a $5 billion oil-backed loan from Saudi oil giant Aramco has encountered significant setbacks, primarily…
Profit-Taking Drags Nigerian Stock Market Down by N377.9bn After Sallah Break
The Nigerian stock market opened on a bearish note after the Sallah holiday, suffering a major setback as investors embarked…
FX Inflows Surge 62% in May to $5.96bn as Investor Confidence Rebounds
Nigeria’s foreign exchange (FX) market experienced a significant revival in May 2025, as total inflows rose sharply by 62% month-on-month…
National Assembly Eyes Extension of 2024 Capital Budget, Pushes June 12 as National Address Day
The National Assembly is considering a further extension of the capital expenditure component of the 2024 federal budget to ensure…
SEC Orders Companies to Release Long-Unclaimed Dividends, Enforces Finance Act 2020
The Securities and Exchange Commission (SEC) has issued a firm directive to public companies and their registrars, instructing them to…
Global Economy Slows to Weakest Pace Since 2008, Warns World Bank
The global economy is expected to grow at its slowest rate since 2008—excluding periods of global recession—due to increasing trade…
Nigerian Marketers Strike Global Deal to Cut Petrol Price to N700/Litre Amid Industry Shake-Up
Nigerian petroleum marketers have partnered with international suppliers to import cheaper fuel, aiming to reduce petrol prices to around N700…
Tinubu stabilising Nigeria’s economy…he deserves encouragement – Fayose
Former Ekiti State Governor Ayodele Fayose has voiced his support for President Bola Tinubu, commending his efforts to stabilize Nigeria’s…
Nigeria’s FX Market Soars with $5.96bn Boost, Driven by Local Export and Import Surge
Nigeria’s foreign exchange market witnessed a major uplift in May 2025, with total inflows jumping by 62% month-on-month to reach…
Nigeria’s N22.8 Trillion Pension Assets Face Credit and Liquidity Hurdles in Infrastructure Push
Nigeria’s pension assets, totaling N22.8 trillion as of January 2025, remain vastly underutilized for infrastructure development due to prevailing credit…
Naira Holds Firm Below N1,600 as Market Optimism Grows Despite Global Dollar Jitters
The Nigerian naira maintained a relatively strong position below the N1,600/$ mark during the recent holiday period, trading within a…