Nigeria Records $15.2 Billion Net Forex Inflow in Q1 2025 Amid Deepening Market Reforms
Nigeria’s foreign exchange (FX) market posted a net inflow of $15.2 billion in Q1 2025, signaling a sharp boost in…
Category: Local
Zap Africa and Paystack: Trademark Dispute Sparks Debate on IP Awareness in Nigeria’s Fintech Scene
A brewing trademark dispute between crypto startup Zap Africa and fintech heavyweight Paystack is raising eyebrows and prompting questions about…
Nigerian Banks Redefine Profitability Through Digital Innovation and Non-Interest Income
In the face of Nigeria’s turbulent economic climate marked by inflation, currency devaluation, and regulatory shifts, leading banks are successfully…
MTN Tops Inward Porting Chart as 9mobile Bleeds Subscribers — NCC Report
The latest data from the Nigerian Communications Commission (NCC) shows a clear trend in Nigeria’s telecom space, MTN is winning…
Cardoso’s Global Diplomacy to Strengthen Nigeria’s Economy and Investor Confidence
In April 2025, during the International Monetary Fund (IMF) and World Bank’s Spring Meetings in Washington, DC, Central Bank of…
Nigerians Save N75.65 Trillion in Quasi-Money Amid Economic Uncertainty, CBN Reports
Amid ongoing economic challenges, Nigerians have increasingly turned to savings and low-risk financial instruments, as evidenced by the Central Bank…
Bank of Ghana Urges Enhanced Security Measures Amid Rising Fraud Cases
The Bank of Ghana has called for a heightened focus on fraud prevention within the country’s banking sector, urging institutions…
Nigerian Stock Market Soars by N342bn, Driven by Banking and Consumer Goods Stocks
Nigeria’s stock market experienced a notable rally on Wednesday, April 23, 2025, increasing by 0.53 percent, or N342 billion, as…
Foreign Block Trades Drive Nigeria’s Stock Market to N2.23tn in Q1 2025
In the first quarter of 2025, Nigeria’s stock market recorded impressive growth, with total transactions hitting N2.23 trillion. This surge…
NITDA Collaborates with Tech Stakeholders to Launch National Start-up Council
In a bid to foster a more robust entrepreneurial ecosystem, the National Information Technology Development Agency (NITDA) has announced a…
IMF Urges Nigeria to Strengthen Subsidy Reforms and Fiscal Discipline Amid Rising Debt Concerns
The International Monetary Fund (IMF) has stressed the importance of fiscal discipline in Nigeria, particularly in the wake of the…
Nigeria Targets 7% Growth with Reforms, Aims to Attract Investments Amid Economic Challenges
Nigeria is setting ambitious economic goals, targeting a 7% annual growth rate to lift millions of citizens out of poverty,…
IMF Warns Nigeria of Fiscal Strain as Global Tensions Threaten Oil Revenue
Nigeria is facing mounting fiscal pressure as the International Monetary Fund (IMF) warns that intensifying global trade tensions and tighter…
Naira muted in unofficial market, Dollar turns green in global market
The Nigerian naira stayed relatively flat in the unofficial market, trading between N1,600 and N1,605 to the dollar, even as…
Nigerians Boost Savings as Quasi-Money Climbs 3.65% in March 2025 Amid Economic Uncertainty
Nigerians are leaning into savings as the economy faces continued uncertainty, with quasi-money—highly liquid financial assets like savings and fixed…
IOCs Undermine Nigerian Refineries by Dodging Local Crude Supply Mandates
Despite legal obligations under Nigeria’s Petroleum Industry Act (PIA), international oil companies (IOCs) continue to bypass direct supply of crude…
Nigerian Insurance Sector Experiences 61% Growth in 2024, with Focus on Claims Innovation and Expansion
The Nigerian insurance industry has witnessed an impressive 61% growth as of the third quarter of 2024, as reported by…
Legend Internet Set to List 2 Billion Shares on NGX, Paving Way for Digital Growth in Nigeria
Legend Internet Plc is making headlines as it prepares to list 2 billion shares on the Nigerian Exchange (NGX) through…
Brokers recommend “hold” on banking stocks as market sentiment improves
Market analysts are taking a cautious but optimistic stance on Nigeria’s banking sector, issuing a string of “Hold” recommendations on…
Naira Holds Steady Amid Global Dollar Resurgence and Fed Drama
The naira stayed relatively stable in Nigeria’s unofficial market, trading between N1,600 and N1,605 per dollar, even as the U.S.…
NGX posts N318bn gain after Easter break
The Nigerian Stock Exchange (NGX) saw a positive rebound after the Easter break, with a significant gain of N318 billion…
IMF Forecasts Nigeria’s Inflation to Reach 37% by 2026 Amid Economic Challenges
The International Monetary Fund (IMF) has projected that Nigeria’s headline inflation will surge to 37% in 2026, following the rebasing…
Naira in Circulation Drops to N5tn as of March 2025 Amid Tightened Monetary Policy
As of March 2025, Nigeria’s currency in circulation dropped to N5 trillion, reflecting a decrease from N5.04 trillion in February…
Ghana’s Energy Sector Poses Major Economic Threat, Says Finance Minister Ato Forson
Ghana’s Minister of Finance, Dr. Cassiel Ato Forson, has identified the energy sector as the most pressing economic risk currently…
Tinubu Urges Deeper ECOWAS Integration to Harness AfCFTA’s Promise
At the ECOWAS Golden Jubilee event in Accra, Nigerian President Bola Tinubu, represented by Ambassador Bianca Ojukwu, called on West…
Customs Eyes Return of 4% FOB Charge Amid Ongoing Duty Relief Efforts
The Nigeria Customs Service (NCS) has announced plans to reintroduce the controversial four per cent Free-on-Board (FOB) value levy on…
Naira Hits N1,845/€ on Easter Monday as Euro Climbs to 3-Year High Against the Dollar
On Easter Monday, the Nigerian naira traded at N1,845 against the euro on the black market, marking a slight decline…
Nigerian Equity Market Loses N207bn Amid Easter Holiday Shutdown
The Nigerian equity market experienced a significant decline during a shortened trading week, with a loss of N207 billion in…
Legend Internet to List Two Billion Shares on NGX, Marking Major Milestone for Nigerian Tech Sector
Legend Internet Plc is set to list two billion shares on the Main Board of the Nigerian Exchange Limited (NGX)…
FX Volatility Drives 9% Increase in Local Inputs Sourcing by Nigerian Manufacturers in 2024
In 2024, the ongoing foreign exchange (FX) volatility in Nigeria caused a significant shift in the manufacturing sector, leading to…