Senate Moves Ahead on Tax Overhaul, Passes Two Major Reform Bills
In a significant step toward overhauling Nigeria’s tax administration, the Senate has passed two of the four major tax reform…
Category: Local
Nigeria loses over N1.3 billion to ‘Tomato Ebola’ outbreak in three states – Minister
Nigeria’s agriculture sector has taken a serious hit with the recent outbreak of Tuta absoluta, a pest widely known as…
Nigerian Stock Market Adds N1.05 Trillion in Bullish Surge Driven by ETI, Nestle, Others
The Nigerian stock market experienced a major upswing as the Nigerian Exchange Limited (NGX) added N1.05 trillion in market capitalization…
Inflation Drops to 21.2% in April, Easing for Fifth Straight Month Amid Stronger Cedi-GHANA
Inflation in Ghana dropped to 21.2% in April 2025, the lowest level recorded in eight months, signaling a continued easing…
Nigerian CEOs Embrace AI and Market Expansion to Tackle Economic Challenges – PwC Survey
Nigerian CEOs are aggressively adopting artificial intelligence and exploring new markets as part of broader efforts to future-proof their companies…
Nigeria Must Strengthen AI Regulations to Build Trust and Innovation, Says Microsoft MD
To fully harness the potential of Artificial Intelligence (AI), Nigeria needs to establish a robust regulatory framework, according to Ola…
FMCG Firms See Profits Surge by Over 100% Amid Naira Stability in Q1 2025
The first quarter of 2025 has brought significant financial relief for several fast-moving consumer goods (FMCG) firms in Nigeria, as…
Nigeria’s Internet Usage Declines After 50% Telecom Tariff Hike, Yet MTN Posts Record Data Revenue
Internet usage in Nigeria saw a slight drop following a 50% increase in telecom tariffs approved by the Nigerian Communications…
Naira Holds Steady at ₦1,608/$1 as Oil Prices Rebound, Experts Urge Policy Reform
The Nigerian naira maintained relative stability in the parallel market on Tuesday, trading around ₦1,608–₦1,610 per dollar amid a rebound…
GUTA Hails BoG for Cedi Stability, Signals Renewed Business Confidence-GHANA
The Ghana Union of Traders’ Associations (GUTA) has expressed strong approval of the Bank of Ghana’s management of the forex…
Agriculture, Mining Fuel Investment Boom in Taraba Ahead of Taravest 2025
Taraba State is rapidly becoming a magnet for investment in Nigeria’s North-East, with its rich agricultural base, vast mineral deposits,…
Gencos Urge Urgent Meeting with Tinubu Over ₦4.7tn Power Sector Debt
Electricity generation companies (Gencos) are pressing for an immediate meeting with President Bola Tinubu over the massive ₦4.7 trillion debt…
MTN Nigeria Fintech Revenue Soars 58% on Airtime Lending Surge
MTN Nigeria recorded a significant 57.9% year-on-year jump in its fintech revenue, reaching ₦36.1 billion in Q1 2025, largely fueled…
Finance Ministry Refutes N13 Billion Corruption Allegation in CNG Project
The Federal Ministry of Finance has strongly denied allegations of corruption tied to a N13 billion contract related to the…
Nigeria Poised to Surpass IMF’s 3% Growth Forecast for 2025, Say Market Experts
Despite the International Monetary Fund (IMF) projecting Nigeria’s economy to grow by 3.0% in 2025—a slight revision from its earlier…
Nigerian Stock Market Sees N412 Billion Surge, Led by Gains in 35 Stocks
The Nigerian equities market began the week on a positive note, with investors gaining N412 billion, driven by impressive performances…
FG Charts Path to 7% Economic Growth: EMT Strategizes Inclusive Reforms for National Development
The Federal Government has tasked the Economic Management Team (EMT) with designing a strategic roadmap aimed at achieving a 7%…
Nigerian Business Leaders Share Survival Tactics for Startups Battling Economic Challenges
At a time when economic uncertainty looms large over Nigeria’s startup ecosystem, several industry leaders have come forward with pragmatic…
Naira Strengthens to ₦1,600/$ in Parallel Market Amid Modest FX Gains
The Nigerian naira appreciated to ₦1,600 per U.S. dollar in the parallel market as of Monday, May 6, 2025, marking…
Accelerex and ITEX Join Zone’s Blockchain Network for Real-Time Payment Settlements
Nigeria’s top payment terminal service providers, Accelerex and ITEX, have announced their integration into Zone’s regulated blockchain network to enhance…
Oil Prices Plunge to Four-Year Low as OPEC+ Fast-Tracks Output Hikes
Oil prices took a sharp dive on Monday, slumping to levels not seen since early 2021. Both Brent crude and…
Nigeria’s FX Inflows Dip 5.7% in April Amid Global Trade Tensions, Weak Foreign Investor Sentiment
Nigeria’s foreign exchange market took a hit in April as total FX inflows fell by 5.7% month-on-month, dragged down by…
Investors Gain N412bn as NGX Opens Week Strong with Broad-Sector Rally
The Nigerian Exchange (NGX) kicked off the week with solid momentum as investor confidence fueled a 0.62% surge in the…
BoG Injects $20M to Support 11 BDCs, Stabilize Cedi and Fuel Supply-GHANA
In a bid to steady the cedi and keep fuel prices in check, the Bank of Ghana (BoG) has pumped…
CBN reforms reshape external sector amid diaspora inflows
Nigeria’s external sector is going through a serious transformation, with the Central Bank’s foreign exchange reforms at the center of…
Tinubu approves plan to attract $122bn power investments
President Bola Tinubu has officially approved a bold new reform initiative for Nigeria’s power sector, signing off on the National…
SEC to Convene Q1 Capital Market Meeting in Lagos to Boost Investor Confidence and Reform Policies
The Securities and Exchange Commission (SEC) has scheduled its first-quarter Capital Market Committee meeting for May 19, 2025. The event…
Nigeria Faces Economic Crisis as Oil Prices Dip Below $60, Threatening Fiscal Stability and the Naira
Nigeria is facing a dual economic crisis as Brent crude oil prices plummet below $60 per barrel, sparking fears of…
Enugu Unveils Bold Mining Reforms to Protect Lives and Empower Host Communities
In a major move to overhaul the mining sector, the Enugu State Government has launched new regulations aimed at formalizing…
CBN Spends N315 Billion on Currency Management Amid Cash Crisis in 2024
In 2024, the Central Bank of Nigeria (CBN) faced a staggering 305.7% increase in currency management costs, rising from N77.67…