NGX Group Approves ₦4.4 Billion Dividend, Sets Sights on Private Capital Market Expansion
The Nigerian Exchange Group (NGX Group) Plc has approved a ₦4.4 billion dividend payout to shareholders, marking a dividend of…
Category: Local
Nigeria Records $6.83bn Balance of Payments Surplus in 2024, Signaling Economic Revival
Nigeria’s economy is showing promising signs of recovery with a recorded balance of payments (BoP) surplus of $6.83 billion in…
Nigeria Sees Record Remittance Inflows Under Cardoso, Strengthening Economy
In 2024, remittance inflows into Nigeria reached $20.98 billion, a nine percent increase from the previous year and the highest…
AI Will Boost Human Productivity, Not Replace It – Prof. Abah at StemCon 2025
At the recently held StemCon 2025 at Nile University, Professor Joshua Abah, Dean of the Faculty of Computing, reassured attendees…
Pension Fund Investments in Nigerian Infrastructure Soar as Assets Triple Over 5 Years
In recent years, Nigerian pension fund managers have significantly increased their investments in infrastructure, with the sector seeing a 218%…
Waste Managers in Nigeria Urge Government to Adopt Cost-Reflective Tariffs Amid Rising
The Association of Waste Managers of Nigeria (AWAMN) has called on the Nigerian government to introduce a cost-reflective tariff structure…
GRA Exceeds Q1 Tax Revenue Target, Collects GH₵41bn
The Ghana Revenue Authority (GRA) has announced an impressive performance in the first quarter of the year, surpassing its tax…
FG Confirms Continuation of Crude and Refined Product Sales in Naira Initiative
The Federal Government has reaffirmed that the Crude and Refined Product Sales in Naira initiative is a permanent policy. The…
Nigeria Moves to Unlock Climate Fund for Green Investment and Climate Action
In a significant move to accelerate its green transition, Nigeria’s Federal Government has committed to fully operationalising the Climate Change…
Champion Breweries Achieves N21bn Revenue in 2024, Strengthens Brand Presence in Akwa Ibom
Champion Breweries Plc in Uyo, Akwa Ibom, reported a remarkable financial performance for 2024, with a revenue of N21 billion.…
NGX Group FY 2024: Strong Revenue Growth of 103.53% Driven by Market Activity and Strategic Focus
The Nigerian Exchange Group (NGX) reported impressive financial results for the year ending December 31, 2024, with a significant 103.53%…
Pension Funds Investment in Nigeria’s Real Sector Reaches N5.51 Trillion
Nigeria’s pension industry has committed a substantial N5.51 trillion towards financing key sectors critical for long-term economic growth, according to…
NCC Moves to Regulate Unclaimed Airtime and Data Balances for Telecom Subscribers
The Nigerian Communications Commission (NCC) has initiated discussions on regulating unclaimed airtime and data balances in the telecommunications sector. The…
Experts Urge Balance Between AI and Human Resources in Insurance Industry
As technological advancements such as Artificial Intelligence (AI), Big Data, IoT, and Blockchain continue to transform industries, experts in the…
Sanwo-Olu to inaugurate Rack Centre LGS2 Data Centre April 10
On April 10, 2025, the Governor of Lagos State, Babajide Sanwo-Olu, will officially inaugurate the LGS2 Data Centre, a state-of-the-art…
CBN Targets 95% Financial Inclusion by 2024 to Reduce Financial Exclusion
The Central Bank of Nigeria (CBN) has set an ambitious target to achieve 95% financial inclusion by the end of…
US Tariff Hits Ghana’s Cocoa, Textiles, and Agriculture Sectors
Ghanaian exporters are facing significant challenges due to the United States’ recent decision to impose a 10% tariff on imports,…
ETI, Calbank, and Total Drive GSE’s Strong Performance in Q1 2025-GHANA
The Ghana Stock Exchange (GSE) kicked off 2025 with impressive gains, driven by substantial growth from key companies in the…
Investors Gain N100bn as Nigerian Stock Market Rebounds After Previous Loss
Investors in the Nigerian Exchange Limited (NGX) experienced some relief as the market reversed a previous loss and gained N100.45…
Bullish Momentum in Nigerian Fixed-Income Market to Slow in Q2 2025 Amid Global Trade Shifts
The Nigerian fixed-income market experienced significant bullish momentum in the first quarter of 2025, driven by factors such as inflation…
Nigeria Eyes First National Data Park and AI Compute Hub at Egbin Power Plant
In an effort to boost Nigeria’s digital economy, the government is planning to build the country’s first National Data Park…
Tech Leaders to Convene in Abuja for $180 Billion African Digital Economy Conference
The African Digital Economy & Inclusivity Conference (AFDEIC) 2025 will be held in Abuja, Nigeria, from August 12 to 14.…
International payments facilitated by CBN hit $497m in February
In February 2025, the Central Bank of Nigeria (CBN) recorded a 17.2% year-on-year increase in international payments, totaling $497.91 million.…
CBN, Firms Drive FX Inflows to 22-Month High Amid Global Trade Uncertainties
In March 2025, Nigeria’s foreign exchange (FX) inflows surged to a 22-month high of $3.11 billion, marking a 51% month-on-month…
AGI Warns Against ECG’s Non-Compliance with Local Content Laws in Cable Imports
The Association of Ghana Industries (AGI) has raised concerns about the Electricity Company of Ghana’s (ECG) continued importation of electrical…
Presidential CNG Initiative to Launch 150 New Stations in 18 Months Amid Safety Efforts
The Presidential CNG Initiative (PCNGI) has announced plans to establish at least 150 new refueling stations across Nigeria within the…
Trump’s Trade War Deepens Nigeria’s Fiscal Crisis, Puts N55tr Budget at Risk
Nigeria is facing significant fiscal challenges as global economic uncertainties, including the trade war initiated by former U.S. President Donald…
Governors Block Local Government Chairmen from Opening CBN Accounts for Direct Allocation Payments
The implementation of the Supreme Court’s ruling on local government autonomy has encountered new challenges, as several state governors are…
Naira Weakens to N1,629 per Dollar on Official Market Amid Rising Dollar Demand
Nigeria’s foreign exchange market saw increased pressure on Monday, with the naira dropping to N1,629 per dollar at the official…
BDC Operators Advocate Economic Partnerships with India, China Amid U.S. Tariff Hike on Nigerian Exports
The Association of Bureau de Change Operators of Nigeria (ABCON) has urged the Nigerian government to explore strategic economic partnerships…