Experts cautions against idle deposits as banks grow investment securities to N41.7trn
In the first quarter of 2025, eight major Nigerian banks, including Access Holdings, Zenith Bank, and United Bank for Africa…
Category: Local
NGX Market Surge Adds N1.69tn in Capitalisation Amid Trading Boom
The Nigerian Exchange Limited (NGX) saw an impressive surge in market activity, with investors trading 2.645 billion shares worth N77…
Nigeria’s Crude Oil Output Reaches 2-Month High, Still Below OPEC Quota
Nigeria’s crude oil production saw a modest recovery in April, reaching a two-month high, but still fell short of the…
Shareholders Urge SEC to Overhaul Unclaimed Dividend Process in Nigerian Banks
Shareholders in Nigeria are pressing the Securities and Exchange Commission (SEC), registrars, and stockbrokers to reform the process for claiming…
Bank of Ghana Warns Public About Foreign Investment Scams
The Bank of Ghana has issued a strong warning to the public regarding the growing threat of illegal foreign investment…
CBN Ups Treasury Bills Offer to N550bn Amid Softer Demand, Shifting Investor Focus
The Central Bank of Nigeria (CBN) has increased its Treasury Bills (T-Bills) Primary Market Auction offer from N400 billion to…
Dangote Refutes Marketers’ Claims, Asserts Refinery’s Capacity to Meet Nigeria’s Fuel Demand
The Dangote Petroleum Refinery has strongly countered accusations from oil marketers that it cannot meet Nigeria’s fuel demand. This controversy…
CBN Sells N598.3bn NT-Bills Amid Liquidity Surge in the Market
On May 7, 2025, the Central Bank of Nigeria (CBN) held a successful Nigerian Treasury Bill (NTB) auction, raising a…
Lagos Approves Over 37,000 Building Permits in Six Years, Boosts Urban Development
Over the past six years, the Lagos State Government has approved a total of 37,266 building planning permits to drive…
Seplat raises oil output to over 131,000bpd
Seplat Energy Plc has significantly increased its daily hydrocarbon production in the first quarter of 2025, achieving an average of…
Nigeria Moves to Capture $31.8M Informal Export Trade: NEPC and NBS Sign MoU
In a bid to improve the accuracy of Nigeria’s trade statistics, the Nigerian Export Promotion Council (NEPC) and the National…
Pension Fund Investment in Private Equities Soars by 299% Amid Search for Better Returns
In Nigeria, pension fund investments in private equity have surged dramatically by 298.7% in the past five years, growing from…
Senate Approves New VAT Sharing Formula, Strengthens Tax Reform with Passage of Two Key Bills
The Nigerian Senate has approved two key Tax Reform Bills aimed at overhauling the country’s tax system. This is part…
Nigeria Sets Ambitious 2.5 Million Barrels Per Day Oil Production Target for NNPC Ltd.
The Nigerian federal government has set an ambitious target of increasing oil production to 2.5 million barrels per day (bpd)…
Global Food Prices to Drop by 7% in 2025, Led by Declining Rice Costs-GHANA
Global food prices are expected to see a significant decline in 2025, marking a second consecutive year of lower costs.…
FCMB Names Four New Millionaires in Ongoing Savings Promo
FCMB Millionaire Promo has once again changed the lives of four lucky winners, with each taking home ₦1 million in…
Africa’s Digital Leap: How Multi-Industry Fintechs Like Redtech Are Powering a Connected Future
Africa’s digital economy is undergoing rapid transformation, with fintechs leading the charge. While traditional players like Moniepoint and Flutterwave have…
GSS Urges Collective Action to Sustain Falling Inflation Trend in Ghana
In its latest update, the Ghana Statistical Service (GSS) reported a slight but consistent decline in national inflation, with April…
Ghana’s Business Confidence Rebounds Under Mahama’s Macroeconomic Stability – Michael Kottoh
During a panel discussion on Channel One TV, Michael Kottoh, Managing Partner at advisory firm Konfidants, highlighted growing optimism among…
SEC Launches Tech Adoption Survey to Accelerize Innovation in Nigerian Capital Market
The Securities and Exchange Commission (SEC) of Nigeria has initiated a technology adoption survey targeted at Capital Market Operators (CMOs),…
Nigeria Fully Repays $3.4bn IMF COVID-19 Loan Principal, Faces Ongoing Interest Charges
Nigeria has officially completed the repayment of the $3.4 billion loan it secured from the International Monetary Fund (IMF) at…
Senate Moves Ahead on Tax Overhaul, Passes Two Major Reform Bills
In a significant step toward overhauling Nigeria’s tax administration, the Senate has passed two of the four major tax reform…
Nigeria loses over N1.3 billion to ‘Tomato Ebola’ outbreak in three states – Minister
Nigeria’s agriculture sector has taken a serious hit with the recent outbreak of Tuta absoluta, a pest widely known as…
Nigerian Stock Market Adds N1.05 Trillion in Bullish Surge Driven by ETI, Nestle, Others
The Nigerian stock market experienced a major upswing as the Nigerian Exchange Limited (NGX) added N1.05 trillion in market capitalization…
Inflation Drops to 21.2% in April, Easing for Fifth Straight Month Amid Stronger Cedi-GHANA
Inflation in Ghana dropped to 21.2% in April 2025, the lowest level recorded in eight months, signaling a continued easing…
Nigerian CEOs Embrace AI and Market Expansion to Tackle Economic Challenges – PwC Survey
Nigerian CEOs are aggressively adopting artificial intelligence and exploring new markets as part of broader efforts to future-proof their companies…
Nigeria Must Strengthen AI Regulations to Build Trust and Innovation, Says Microsoft MD
To fully harness the potential of Artificial Intelligence (AI), Nigeria needs to establish a robust regulatory framework, according to Ola…
FMCG Firms See Profits Surge by Over 100% Amid Naira Stability in Q1 2025
The first quarter of 2025 has brought significant financial relief for several fast-moving consumer goods (FMCG) firms in Nigeria, as…
Nigeria’s Internet Usage Declines After 50% Telecom Tariff Hike, Yet MTN Posts Record Data Revenue
Internet usage in Nigeria saw a slight drop following a 50% increase in telecom tariffs approved by the Nigerian Communications…
Naira Holds Steady at ₦1,608/$1 as Oil Prices Rebound, Experts Urge Policy Reform
The Nigerian naira maintained relative stability in the parallel market on Tuesday, trading around ₦1,608–₦1,610 per dollar amid a rebound…