Ghana’s Inflation Drops to 18.4% in May, Lowest Since 2022 Amid Falling Transport Costs
Ghana’s annual inflation rate dropped sharply to 18.4% in May 2025, marking a significant decline from April’s 21.2%. This development…
Category: Local
Cedi to Stay Strong as Gold Earnings Boost Reserves – Finance Minister Assures Parliament-Ghana
Finance Minister Dr. Cassiel Ato Forson has assured Ghanaians that the national currency, the Cedi, will remain stable against major…
Private Sector Credit Hits ₦77.9trn in April as Nigerian Banks Defy Tight Monetary Policy
Credit from Nigerian banks to the private sector rose to ₦77.9 trillion in April 2025, continuing a steady upward trajectory…
Experts Warn: Without Governance, AI Could Become Africa’s Greatest Risk
At the 2025 Africa’s Beacon of ICT Merit & Leadership Award (ABoICT) held in Lagos, leading tech experts emphasized the…
Nigerian Stock Market Gains N259bn on Back of Broad Investor Confidence
The Nigerian stock market continued its upward momentum as it added N259 billion in value due to renewed investor confidence…
Recapitalization Deadline Looms as Only 10% of Nigeria’s Bureau De Change Comply; Industry Faces Major Shakeup
The recapitalisation deadline for Nigeria’s Bureau De Change (BDC) operators expires today, with less than 10 percent of the approximately…
3 Million Jobs at Risk as 1,500 Nigerian Bureau De Change Operators Fail Recapitalisation Deadline
The Central Bank of Nigeria’s (CBN) June 3, 2025 deadline for Bureau De Change (BDC) operators to meet new recapitalisation…
Telcos Threaten to Withdraw USSD Services Amid Banks’ Misinformation and Unpaid Debts
Nigeria’s major telecom operators, including MTN, Airtel, Globacom, and 9Mobile, have issued a warning to banks over alleged misinformation to…
NGX Market Capitalisation Surges Past ₦120trn as Foreign Investment Floods In
The Nigerian Exchange (NGX) has reached a new milestone, with its combined market capitalisation of debt, equities, and Exchange Traded…
Stock Market Rebounds with N260bn Boost as Demand for Dangote Cement, Others Rises
The Nigerian stock market saw a notable rebound on Tuesday, ending the previous session’s profit-taking trend. Investor interest in blue-chip…
50% crude output now produced by local firms – Report
Nigeria’s oil and gas industry is undergoing a major transformation, with indigenous companies now responsible for more than 50% of…
Tariff Hikes Trigger Sharp Decline in Internet Usage and Subscribers in Nigeria
Internet data consumption in Nigeria fell sharply by 17,647 terabytes from January to April 2025, following a 50% tariff increase…
Nigerian Stock Market Hits N70.89 Trillion as Investor Confidence Drives Gains
The Nigerian stock market continued its bullish streak on Tuesday, June 4, 2025, with a notable gain of N259 billion…
BoG Governor Sets Bold Target to Slash Lending Rates Below 10% Within Four Years-Ghana
Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has announced a bold plan to reduce Ghana’s average lending…
NCC Mandates Airtime Billing for USSD Transactions to Resolve Bank-Telco Dispute
The Nigerian Communications Commission (NCC) has issued a new directive instructing Deposit Money Banks to begin deducting USSD banking service…
BoG Cracks Down on Hidden Bank Charges, Tightens Oversight in Banking Sector-Ghana
The Bank of Ghana (BoG) is set to introduce a series of tough regulatory measures aimed at curbing hidden bank…
BREAKING: APC wins all 23 Benue LG election petitions at Appeal Tribunal
The Appeal Panel on Local Government Election Petitions for Benue State, sitting at the NBA House in Abuja, has upheld…
Kenya Approves Moniepoint’s Entry with 78% Acquisition of Sumac Microfinance Bank
Kenya’s Competition Authority has granted approval for Moniepoint Inc.’s acquisition of a 78% stake in Sumac Microfinance Bank, marking the…
ANRPM Commends Tinubu’s Oil Sector Reforms, Backs Economic and Tax Initiatives
The Association of Nigerian Refineries Petroleum Marketers (ANRPM) has praised President Bola Tinubu on his second year in office, emphasizing…
NGX Chief Urges Rethink of Africa’s Growth Model, Calls for Homegrown Capital and Tech-Driven Solutions
Temi Popoola, Group Managing Director and CEO of the Nigerian Exchange Group (NGX Group), has urged African leaders and stakeholders…
Government in Final Talks with Strategic Investor for AT Revamp and Takeover
The Government of Ghana has entered into advanced discussions with a strategic investor for the revamp and potential takeover of…
Nigeria’s Economic Recovery Gathers Momentum – CBN Governor Cardoso
Central Bank of Nigeria (CBN) Governor, Dr. Yemi Cardoso, has assured Nigerians that the country’s economy is on a solid…
Nigeria’s AI Growth at Risk Without Strong Governance and Security, Experts Warn
Nigeria is rapidly embracing artificial intelligence (AI), but experts caution that the country’s current lack of robust governance, security, and…
Ghana’s Cedi Becomes World’s Best-Performing Currency Amid IMF Aid, Commodity Boom, and Economic Reforms
In 2025, Ghana’s currency, the cedi, has emerged as the top-performing currency globally, appreciating nearly 50% against the US dollar.…
CBN’s Recapitalization Deadline Expires: BDC Operators Urge Extension to Save 3 Million Jobs
The Central Bank of Nigeria’s (CBN) deadline for Bureau De Change (BDC) operators to meet new recapitalization requirements expired today,…
Presidency Moves to Resolve N2 Trillion Power Debt Amid Sector Reforms
The Nigerian Presidency has initiated internal approval processes aimed at resolving the longstanding N2 trillion debt owed to electricity generation…
Nigeria’s Private Sector Grows for Sixth Straight Month Despite Inflation and Employment Challenges
Nigeria’s private sector sustained its growth momentum in May 2025, marking the sixth consecutive month of expansion, according to the…
Nigerian Equities Market Starts Week Strong with N173bn Gain Despite Lower Trading Volume
The Nigerian equities market kicked off the week on a positive trajectory as it recorded a N173 billion increase in…
Ghana’s Cedi Poised to Strengthen as $370 Million IMF Tranche Nears Approval
Ghana’s cedi is expected to remain relatively stable in the coming weeks, supported by the imminent release of $370 million…
Nigeria’s Economic Reforms Target Forex Stability Amid Oil Price Slump
Nigeria’s foreign exchange reserves have declined significantly in the first four months of 2025, dropping from $40.88bn in January to…