Naira Depreciates by 2.6% in March Despite $668M CBN Intervention
The Nigerian naira experienced significant depreciation in March, falling by 2.4% at the Nigerian Autonomous Foreign Exchange Market (NAFEM) window…
Category: Local
Akwa Ibom Government Disburses N335 Million to Empower Oron Farmers and Entrepreneurs
The Akwa Ibom State Government has allocated a total of N335 million in grants to farmers, traders, and entrepreneurs in…
Nigeria’s Financial Markets in Turmoil as Trump Tariffs Trigger Global Shockwaves
Nigeria’s financial markets are grappling with volatility amid global disruptions caused by renewed tariff threats from former U.S. President Donald…
Telecom Service Quality Declines After Tariff Hike, Consumers Express Discontent
Telecom service quality in Nigeria has significantly deteriorated, sparking frustration among customers. Subscribers, including small business owners and everyday users,…
Nigerian Breweries Reinforces Sustainability Commitment
Nigerian Breweries Plc has reaffirmed its dedication to sustainability under its “Brew a Better World” (BaBw) agenda, which focuses on…
Investor Confidence Rises as Nigerian Banks Secure N2.4 Trillion in Q1 2025 Capital Raise
In the first quarter of 2025, Nigerian banks raised an impressive N2.4 trillion through the capital market as part of…
FG to Receive First Batch of 3.2 Million Electricity Meters in April 2025
In a bid to address the significant metering gap in Nigeria’s electricity sector, the Federal Government has announced plans to…
Bank of Ghana Engages Traders to Reaffirm Commitment to Economic Stability
The Bank of Ghana (BoG) recently met with the Ghana Union of Traders Association (GUTA) to reaffirm its commitment to…
Bank of Ghana to Auction $120 Million to BDCs in Q2 of 2025 to Ease Forex Pressure
The Bank of Ghana (BoG) has announced plans to auction a total of $120 million to Bulk Oil Distribution Companies…
NGX Faces Setback Despite Strong Earnings Season
The Nigerian Stock Exchange (NGX) started April on a negative note, reversing the previous week’s gains and continuing the bearish…
Experts Endorse Nigeria Re’s AI Strategy to Boost Insurance Sector Growth
Stakeholders in Nigeria’s insurance sector have shown strong support for Nigeria Reinsurance Corporation’s new artificial intelligence (AI) strategy, lauding its…
CBN Intervenes in FX Market as Naira Struggles Amid Trump Tariffs and Oil Price Drops
The Central Bank of Nigeria (CBN) stepped in to stabilize the foreign exchange market on Friday by selling $197.71 million…
Hoodlums Vandalize Major Gas Pipeline in Bayelsa, State Government Vows Action
In a recent act of vandalism, suspected oil thieves have attacked the Ogboinbiri/Obiobi 24-inch gas pipeline, located between Angiama and…
NNPC Appoints New Management Team, Ojulari Takes Over from Kyari
The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially welcomed its new Group Chief Executive Officer (GCEO), Mr. Bashir…
CBN May Slow Down Reserve Accumulation to Stabilize Naira, JPMorgan Predicts
JPMorgan analysts have suggested that the Central Bank of Nigeria (CBN) may reduce its pace of absorbing foreign inflows into…
Nigerian Stock Market Experiences Minor Decline in Holiday-Shortened Week
The Nigerian stock market experienced a slight drop of 0.14% in the trading week that concluded on Friday, April 4,…
Tinubu Appoints Ayo Sotinrin as New MD of Bank of Agriculture
President Bola Tinubu has appointed Ayo Sotinrin as the new Managing Director of the Bank of Agriculture, effective immediately. The…
Nigeria Seeks $10.5 Million Loan from World Bank to Boost CBN’s Capacity and Payment Infrastructure
Nigeria has approached the World Bank for a new loan of $10.5 million to enhance the technical capacity of the…
FCMB Records N111.9bn Profit Before Tax for 2024, Announces Strong Growth
First City Monument Bank (FCMB) posted a remarkable Profit Before Tax (PBT) of N111.9 billion for the financial year ending…
IpNX and NCC Strengthen Collaboration to Drive Nigeria’s Broadband Growth
IpNX, a leading Nigerian ICT company and connectivity provider, is deepening its collaboration with the Nigeria Communications Commission (NCC) to…
Nigerian Breweries Reports N1.07 Trillion Revenue Amid Economic Challenges
In 2024, Nigerian Breweries achieved a significant revenue of N1.07 trillion, nearly doubling its 2023 performance of N599.5 billion. However,…
Nigeria Officially Recognizes Cryptocurrency as Securities in ISA 2025
Nigeria has officially recognized cryptocurrency and digital assets as securities for the first time with the enactment of the Investment…
Naira Depreciates Amid Trump’s New Trade Tariffs and Global Market Instability
The Nigerian naira experienced a significant decline against the US dollar on Thursday, following US President Donald Trump’s announcement of…
Telcos Invest in Network Upgrades Amid Tariff Hikes to Satisfy Nigerian Customers
Telecom operators in Nigeria are embarking on major network infrastructure upgrades to address growing frustrations among customers due to poor…
Stakeholders Praise ISA 2025 as a Milestone for Nigerian Capital Market Growth
Key stakeholders in Nigeria’s capital market have expressed strong support for the recently signed Investments and Securities Act 2025 (ISA…
Softening Inflation Fuels Private Sector Growth to 54.3 in March 2024
Private sector growth in Nigeria saw a significant uptick in March 2024, with the Stanbic IBTC Bank Purchasing Managers’ Index…
Obasanjo’s $700 Million Investment in Cameroon Sparks Concerns Over Nigeria’s Business Climate
Former Nigerian President Olusegun Obasanjo, through his firm Agro-Allied Business Ltd (OABL), is set to invest $700 million in Cameroon’s…
MRS Oil Nigeria Forecasts N2.93bn Q2 Profit Amid Delisting Plans from NGX
MRS Oil Nigeria Plc has projected a profit after tax of N2.93 billion for Q2 2025, according to its financial…
Ghana’s Inflation Rate Slows to 22.4% in March 2025
Ghana’s inflation rate showed signs of moderation in March 2025, easing to 22.4% from 23.1% in February. This marks a…
IMF Begins Fourth Review Mission in Ghana Amid Economic Reforms
The International Monetary Fund (IMF) has launched its fourth review mission in Ghana under the country’s Extended Credit Facility (ECF)…