NASD Market Soars with N5.14bn in Trades as Oil & Gas Sector Leads Rally
The NASD Over-the-Counter (OTC) Securities Exchange recorded a significant surge in trading activity last week, as 551.01 million shares worth…
Category: Local
Fuel Marketers Join Forces Amid Price War Between Dangote and NNPC
In response to the instability caused by fluctuating petrol prices in Nigeria, fuel marketers are forming strategic partnerships to limit…
Moody’s Upgrades Nigeria’s Credit Rating Amid Economic Reforms
Moody’s Investors Service has upgraded Nigeria’s credit rating from “Caa1” to “B3”, citing meaningful strides in the country’s external and…
BREAKING: Dr. Sidi Ould Tah Elected as New AfDB President, Succeeding Adesina
Dr. Sidi Ould Tah, former Minister of Economy and Finance in Mauritania, has been elected as the 9th President of…
Nigeria’s Money Supply Hits N119 Trillion as CBN Pauses Rate Hikes Amid Liquidity Surge
Nigeria’s broad money supply (M3) surged to a record N119.11 trillion in April 2025, marking a 22.9% increase from the…
Ghana Reaffirms Commitment to Fair Debt Talks Under G20 Framework
The Government of Ghana has reaffirmed its commitment to equitable and transparent debt restructuring negotiations with its external creditors. According…
Tinubu Highlights $8 Billion Oil Investment, 400% Rig Surge in Two-Year Economic Progress Report
President Bola Tinubu has marked his two years in office by emphasizing the significant strides his administration has made in…
Nigeria and South Africa Among Africa’s Biggest Losers as $125 Billion in Tax Revenue Slips Away
Africa is losing an estimated $125 billion in tax revenue annually due to the large informal economies prevalent across the…
Nigerian Stock Market Extends Gains, Rises by 0.27%
Nigeria’s stock market continued its positive momentum on Wednesday, climbing by 0.27 percent. The uptick was largely driven by increased…
Cedi Soars, Easing Ghana’s Debt Burden and Boosting Economic Outlook
Ghana’s currency, the cedi, has stunned markets with a dramatic 42% gain against the US dollar since January, outperforming all…
Tinubu Hails Economic Reforms as Debt Service Drops, State Revenues Surge to N6 Trillion
In a speech marking his second year in office, President Bola Tinubu highlighted significant economic gains achieved through his administration’s…
GEXIM and Saudi EXIM Forge Strategic Partnership to Boost Trade and Project Financing-GHANA
In a move to bolster Ghana’s economic transformation through enhanced international trade and export development, the Ghana Export-Import Bank (GEXIM)…
AfDB Warns of $39.84 Billion Drop in Africa’s Foreign Funding by 2025 Amid Global Aid Cuts
The African Development Bank (AfDB) has projected a significant drop of $39.84 billion in foreign funding to Africa by 2025,…
Nigeria’s Public Debt Could Surge to N800,000 Per Citizen Amid New $21.5 Billion Borrowing Request
Nigeria faces a significant rise in public debt if the Senate approves President Bola Tinubu’s request for $21.5 billion in…
SEC Warns Nigerians Against Unregistered Silverkuun Investment Cooperative
The Securities and Exchange Commission (SEC) has issued a strong warning to the Nigerian public against engaging with Silverkuun Investment…
Nigerian Exchange Surges by N187 Billion as Investor Confidence Drives Market Momentum
The Nigerian Exchange (NGX) continued its positive streak on Wednesday, gaining N187 billion in market capitalisation amid strong investor optimism…
Rising Power Demand Drives Urgent Calls for Grid Upgrades and Efficiency Reforms in Ghana
Ghana’s electricity consumption rose sharply in 2024, reaching 13,098 GWh, up from 12,390 GWh in 2023, according to the 2025…
FG Launches Digital Village to Bridge Nigeria’s Connectivity Gap
The Federal Government of Nigeria has launched a digital village pilot project in Ibwa 2, Gwagwalada, FCT, to provide free…
Forex Market Reforms Restore Investor Confidence in Nigerian Economy
The liberalisation of Nigeria’s foreign exchange (forex) market has restored investor confidence and stabilised the exchange rate, addressing long-standing volatility…
Dangote Refinery Reshapes Africa’s Fuel Landscape as Nigeria Ends Petrol Import Dominance
Nigeria has relinquished its status as Africa’s largest importer of refined petroleum products, with South Africa now taking the lead.…
FX Reforms Spark Surge in Investor Confidence as Daily Turnover Hits $500m
Nigeria’s foreign exchange (FX) market has experienced a dramatic boost in liquidity, with daily turnover approaching $500 million—a nearly five-fold…
FG Launches Presidential Committee to Spearhead Nigeria’s Digital Infrastructure Transformation
In a major push toward digital transformation, the Federal Government of Nigeria has inaugurated a Presidential Committee on Digital Public…
Stakeholders Call for Greater Investment and Support to Boost Nigeria’s Tech Innovators
At a recent World Product Day event in Lagos, key players in Nigeria’s investment sector highlighted the major obstacles facing…
World Bank Cuts Kenya’s 2025 Growth Forecast to 4.5% Amid Mounting Debt and Credit Woes
The World Bank has lowered Kenya’s 2025 economic growth projection to 4.5%, a reduction of 0.5 percentage points, primarily due…
Wear It All Luxury Launches Glamorous Abuja Boutique with Star-Studded Event
Wear It All Luxury, the high-end fashion brand led by entrepreneur Sodiq Babatunde Rufai, has officially expanded its footprint with…
CBN Launches New Shari’ah-Compliant Tools to Strengthen Nigeria’s Non-Interest Financial Market
The Central Bank of Nigeria (CBN) has introduced innovative liquidity management instruments to advance the country’s growing non-interest financial sector.…
Africa’s Cross-Border Payments Market Set to Reach $1 Trillion by 2035 Amid Fintech Boom
Africa’s cross-border payments market is poised for significant growth, with projections estimating it will nearly triple to $1 trillion by…
Tinubu’s New Borrowing Plan Pushes Nigeria’s Debt to N183 Trillion Amid Economic Strains
President Bola Tinubu has proposed a fresh borrowing plan that will increase Nigeria’s total public debt from nearly ₦145 trillion…
Jinapor Urges Swift Operationalisation of Africa Energy Bank to Power Continental Growth-Ghana
Ghana’s Minister for Energy and Green Transition, John Jinapor, has called for urgent action to make the Africa Energy Bank…
Nigeria Unveils N3.3 Trillion Infrastructure Plan to Bridge Digital Divide by 2025
The Nigerian government has announced an ambitious N3.3 trillion ($2 billion) digital infrastructure plan aimed at closing the country’s digital…