Banks and Universities colluding to frustrate student loan disbursement, says NOA
The National Orientation Agency (NOA) has raised serious concerns over alleged collusion between some universities and banks aimed at frustrating…
Category: Local
Fitch Upgrades Nigeria’s Credit Rating to Stable Amid Reforms and Economic Improvements
Fitch Ratings has upgraded Nigeria’s credit rating to ‘B’ with a stable outlook, reflecting the country’s economic progress following significant…
FG Seeks Continued EU Support for Nigeria’s Power Sector Reform
The Nigerian government is calling for continued technical and financial support from the European Union (EU) to address the challenges…
Government Achieves GH¢6.67bn in Treasury Bill Auction Oversubscription-GHANA
The government of Ghana successfully raised GH¢6.67 billion in its latest treasury bill auction, surpassing its target by a slight…
Ghana’s Damang Mine Decision Paves Way for Local Investment in Mining Sector – Isaac Tandoh
The Ghanaian government’s decision not to extend the mining lease for the Damang Gold Mine has been positioned as a…
ISA 2025 Ushers in Bold Reforms to Transform Nigeria’s Capital Market
The newly enacted Investments and Securities Act (ISA) 2025 has been hailed as a landmark reform that resets Nigeria’s capital…
Oil Slump and US Tariffs Shake Nigeria’s FX Market, Deepening Naira Volatility
Nigeria’s foreign exchange market has once again come under intense pressure as a mix of falling global oil prices and…
Nigerian Stocks to Watch: Oando’s Struggles, VFD’s Surge, and Wema’s Rights Issue in Focus
The Nigerian stock market closed the week ending April 11, 2025, on a bearish note, as the All-Share Index dropped…
Traditional Banks in Nigeria See Mixed Results as They Enter Fintech Space
Nigerian traditional banks began diving into the fintech industry in 2017, with Wema Bank’s launch of its ALAT platform marking…
Government Rejects GH¢2.36bn in T-bill Bids Amid Fiscal Caution
The government of Ghana has adopted a more cautious approach to borrowing, rejecting a substantial portion of bids totaling GH¢2.36…
Vegetable Exporters Urge AfCFTA to Address Trade Barriers Impeding Intra-African Trade
The Vegetable Producers and Exporters Association of Ghana has called on the African Continental Free Trade Area (AfCFTA) Secretariat to…
Enugu issues 5MW power licence, boosts private sector participation in electricity market
Enugu State has issued a new 5MW power generation license to Tempo Power Solutions Ltd, authorizing the company to establish…
NNPC Pushes Forward with 72% Completion of AKK Pipeline, Reaffirms Commitment to Energy Transition
The Nigerian National Petroleum Company (NNPC) Limited has reported a 72% completion rate on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project,…
Dangote Refinery Reduces Ex-Deport Petrol Price from N880 to N865 per Litre
Dangote Petroleum Refinery and Petrochemicals has announced a reduction in its ex-gantry loading cost for petrol from N880 to N865…
Ghana’s Cocoa Industry Unfazed by U.S. Tariff, Says Farmers Association
The United States’ recent decision to impose a 10% tariff on imports from various countries, including Ghana, has stirred concern…
Nigeria’s Economy Shows Signs of Recovery as PMI Reaches 52.3 in March 2025
Nigeria’s economy appears to be on a path to gradual recovery, as the Central Bank of Nigeria (CBN) reported a…
NGX Shifts Gears to Attract Private Capital Amid Record Growth
The Nigerian Exchange Group (NGX) is repositioning its operations to become a hub for both public and private capital, aiming…
MTN Plans Second Public Offer in Nigeria Following Projected Financial Rebound
MTN Group is preparing to reduce its stake in MTN Nigeria from 76% to 65% through a second public offering,…
FG Signs $328.8 Million Electricity Transmission Agreement with Chinese Firm
The Federal Government of Nigeria has signed a significant $328.8 million contract with China Machinery Engineering Corporation (CMEC) to rehabilitate…
Ghana Risks Losing $500M in Revenue Over Domestic Lithium Refining Plans, Warns NRGI
Ghana faces the potential loss of up to $500 million in government revenue if it proceeds with plans to refine…
COCOBOD Maintains Cocoa Producer Price Despite Côte d’Ivoire’s Increase-GHANA
The Ghana Cocoa Board (COCOBOD) has confirmed that it will keep the cocoa producer price unchanged for the 2025/2026 season.…
Nigeria Needs 40% Annual Growth to Offset U.S. Tariff Impact, Economist Warns
In a recent address at the 2025 Vanguard Economic Discourse in Lagos, Dr. Yemi Kale, the Group Chief Economist at…
Nigerian Stock Market Declines by 0.18% as LIVESTOCK and VFDGROUP Lead Gainers
The Nigerian All-Share Index (ASI) experienced a decline of 0.18% on April 9, 2025, closing at 104,187.00, down from the…
NGX Shifts Focus to Attract Private Capital Amid Rising Delistings
As delistings from the Nigerian capital market grow, the Nigerian Exchange Group (NGX) is adjusting its strategy to tap into…
Transcorp Hits $3 Billion Valuation as Elumelu Calls for Urgent Power Sector Reforms
Transcorp Plc has reached a major milestone, with its market valuation now standing at $3 billion (₦4.5 trillion), according to…
Nigeria Pays $407.97 Million to Service IMF Debts in Q4 2024
In the fourth quarter of 2024, Nigeria spent $1.8 billion on servicing its external debts, with the International Monetary Fund…
Nigeria Aims to Slash $4bn Garment Imports, Revive Local Textile Industry with BoI Partnership
The Nigerian government is ramping up efforts to cut down its unsustainable $4 billion annual garment import bill by reviving…
NDIC to Pay Full Liquidation Dividends to Depositors of 20 Failed Banks
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will pay a 100% liquidation dividend to depositors of 20…
Nigeria’s Business Confidence Soars as PMI Reaches 52.3 in March 2025
Nigeria’s private sector continued its growth momentum in March 2025, as the Central Bank of Nigeria’s (CBN) Purchasing Managers’ Index…
Dangote Refinery begins global export of refined petroleum products
The Dangote Petroleum Refinery has officially kicked off global exports of refined petroleum products, marking a major milestone for Nigeria’s…