Mahama Vows Ghana Will Complete IMF Programme On Time Without Extension
President John Dramani Mahama has affirmed that Ghana will conclude its $3 billion Extended Credit Facility programme with the International…
Category: Local
Fitch Solutions Maintains Ghana’s 2025 Growth Forecast at 4.2% Amid Global Economic Headwinds
Fitch Solutions has maintained its projection that Ghana’s economy will grow by 4.2% in 2025, slightly outpacing the International Monetary…
FG Launches E-Invoicing Committee to Combat Tax Evasion and Boost Revenue
The Federal Government has inaugurated the National Electronic Invoicing Inter-Agency Steering Committee to oversee the deployment of a new digital…
NGX Group Returns to Profit Growth as Income and Cost Efficiency Improve
The Nigerian Exchange Group Plc posted a notable 58% surge in its profit after tax for the first quarter of…
CBEX Reboots Amid Fraud Probes and Regulatory Warnings, Lures Fresh Investors with New Promises
Despite a federal investigation and a reported N1.2 trillion loss impacting over 600,000 Nigerians, Crypto Bridge Exchange (CBEX) has resumed…
Dangote leads industry peers with 60% gross profit margin
In the first quarter of 2025, Dangote Cement emerged as the leading cement manufacturer in Nigeria, achieving a remarkable 60…
Nigeria Moves to Update Telecom Law to Match AI, 5G, and Digital Economy Realities
Nigeria is finally taking concrete steps to bring its telecommunications laws up to speed with today’s tech-driven world. The Nigerian…
Dollar based financing no longer sustainable for startups
At the 21st Annual Africa Venture Capital Association (AVCA) Conference, West African venture capitalists emphasized that dollar-based financing is no…
World Bank: Global commodity prices to drop to six-year low by 2026
The World Bank has sounded the alarm over falling global commodity prices, forecasting a steep 12% decline in 2025 followed…
Edo State Investment Forum Targets Global Investors for Economic Growth
Edo State is taking significant strides towards economic growth as it seeks to attract investors through the recently concluded Edo…
Nigerian Telcos Commit Over $1 Billion to Chinese Network Gear in Major Infrastructure Push
Telecommunication operators in Nigeria have placed orders exceeding $1 billion for network equipment from Chinese manufacturers, marking a significant investment…
NGX Sheds ₦116bn as Profit-Taking Drags Market Down
The Nigerian Exchange (NGX) closed Tuesday, April 29th, on a bearish note as investors cashed out profits from major stocks…
Nigeria’s Cold Chain Market: A N160bn Goldmine for Investors Battling Post-Harvest Losses
Nigeria’s cold chain sector, valued at N160 billion as of 2023, is revealing massive investment potential as it struggles to…
Local and International Capital Providers Key to Nigeria’s Economic Growth, Says NGX CEO
At the 21st Annual AVCA Conference and VC Summit in Lagos, Temi Popoola, the Group Managing Director/CEO of the Nigerian…
Telecom Stakeholders Push for Stronger Legislation and Regulatory Independence in Nigeria’s Telecom Sector
Stakeholders in Nigeria’s telecom sector are calling for stronger legislative measures to safeguard the industry from excessive local interference and…
FCMB Group Posts ₦7.1 Trillion in Assets, Declares Dividend at 12th AGM Amid Strong FY 2024 Performance
At the recently held 12th Annual General Meeting of FCMB Group Plc in Lagos, shareholders endorsed the company’s robust performance…
NNPC Overhauls Leadership: Maryam Idrisu, Obioma Abangwu Appointed Amid Mass Staff Exit
The Nigerian National Petroleum Company (NNPC) Ltd has initiated a significant restructuring of its leadership, appointing Maryam Idrisu as the…
Naira Shows Resilience Despite Declining Reserves, Backed by CBN Reforms and Investor Confidence
Despite a noticeable decline in Nigeria’s external reserves, the naira has held steady in both official and parallel markets, signaling…
Nigerian Breweries Appoints Uzodinma Odenigbo as New Corporate Affairs Director
Nigerian Breweries Plc has announced the appointment of Uzodinma Odenigbo as its new Corporate Affairs Director, effective May 1, 2025.…
FCCPC asks Ibadan Disco to refund customers’ transformer investments
The Federal Competition and Consumer Protection Commission (FCCPC) has directed the Ibadan Electricity Distribution Company (IBEDC) to refund customers for…
CBN’s Financial Reforms Stabilise Nigeria’s Economy and Boost Investor Confidence
Since Olayemi Cardoso assumed office as Governor of the Central Bank of Nigeria (CBN) in October 2023, a raft of…
Nigeria’s Debt Servicing Surges to N696bn in January, Outpaces Revenue by 144%
Nigeria’s fiscal crisis deepened in January 2025 as the Federal Government spent a staggering N696.27bn on debt servicing, an amount…
Naira Stays Firm Below ₦2,200/£ as Global Pound Strength Faces Local Resistance
The Nigerian naira held firm against the British pound in the unofficial market, closing at around ₦2,177/£ as of April…
Fitch Upgrades Credit Ratings of Lagos, Kaduna, Kogi, and Oyo States Amid Nigeria’s Economic Reforms
Global credit rating agency Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDRs) of Lagos, Kaduna, Kogi, and Oyo…
FG to resume payment of wage award arrears
The Federal Government has announced plans to resume payments for the outstanding five months of N35,000 wage award arrears to…
FIRS Orders Banks to Close Unauthorised Tax Accounts to Boost Tax Collection Transparency
The Federal Inland Revenue Service (FIRS) has issued a directive to all banks in Nigeria, mandating the closure of any…
Richard Quaye Retires from Bills Micro Credit; Kwadwo Kwarteng Named New Board Chair-Ghana
Business heavyweight Richard Nii Armah Quaye has officially retired from his role as Board Chairman of Bills Micro Credit, drawing…
MTN Ghana Confirms Data Breach Affecting 5,700 Customers, Launches Investigation
MTN Ghana has officially confirmed that approximately 5,700 of its customers may have been affected by a recent data breach…
SEC Pushes for Deeper African Capital Market Integration Through Strategic Cooperation
During a recent official visit to Morocco, the Director General of Nigeria’s Securities and Exchange Commission (SEC), Dr. Emomotimi Agama,…
CBN Grants Direct Forex Access to PAPSS to Boost Intra-African Trade
The Central Bank of Nigeria (CBN) has implemented new measures aimed at enhancing Nigeria’s role in Africa’s cross-border trade by…