Flutterwave Partners with FIRS for Seamless Digital Tax Payment System
Flutterwave, a leading African payment technology company, has joined forces with the Federal Inland Revenue Service (FIRS) to enable digital…
Category: Local
Sabotage of Trans-Niger Pipeline Threatens Nigeria’s Oil Production Recovery
Recent sabotage of Nigeria’s Trans-Niger Pipeline (TNP) has raised concerns over the country’s oil security just as it was making…
Naira Holds Steady Against Dollar in Black Market, Slightly Depreciates Officially
The naira remained stable against the dollar at the parallel foreign exchange market on Thursday, closing at N1,585 per dollar,…
Nigerian Stock Market Sees N35bn Loss Amid Persistent Sell Pressure
Investors in the Nigerian stock market experienced a significant setback on Thursday, with a loss of N35 billion in market…
Naira Faces Growing FX Liquidity Risk Amid Economic and Geopolitical Challenges
The Nigerian naira is facing increasing pressure in the foreign exchange market as it depreciated to N1,580/$ in the parallel…
FCMB Expands Presence with New Branch in Ogbomosho
First City Monument Bank (FCMB) has officially opened a new branch in Ogbomosho, aimed at boosting financial inclusion and economic…
NGX Market Cap Drops to N65.8tn Amid Weak Investor Sentiment
The Nigerian Exchange (NGX) saw a decline in market capitalisation, dropping to N65.8 trillion as the All-Share Index fell by…
FCTA Approves N2.1 Billion Contracts, Including N242.8 Million for FCT-IRS Microsoft License
The Federal Capital Territory Administration (FCTA) has approved a total of N2,183,399,860 for various contracts within Abuja, with a significant…
Sanwo-Olu Advocates for Stronger Market Connectivity to Promote Sustainable Economic Growth
Lagos State Governor Babajide Sanwo-Olu has reaffirmed his commitment to enhancing market connectivity between producers and consumers, aiming to foster…
Tinubu Appoints Board for Nigerian Power Operator
President Bola Tinubu has appointed the board members for the newly established Nigerian Independent System Operator (NISO) to help improve…
Nigerian Breweries Completes 100% Acquisition of Distell Wines and Spirits Nigeria
Nigerian Breweries Plc has finalized the acquisition of the remaining 20% stake in Distell Wines and Spirits Nigeria Limited (DWSN),…
Dangote Refinery Halts Naira-Based Petrol Sales Amid Currency Mismatch
Dangote Petroleum Refinery has announced a temporary suspension of its petroleum product sales in Naira. This decision stems from a…
OADC to Build $240M Hyperscale Data Centre in Lagos, Boosting Africa’s Digital Infrastructure
Open Access Data Centres (OADC), a subsidiary of WIOCC, has announced a significant investment of $240 million to build a…
65.5% of Nigerians Advocate for Lower Lending Rates, CBN Survey Reveals
A new survey by the Central Bank of Nigeria (CBN) has revealed that 65.5% of Nigerian households support a reduction…
GSM Maintains Dominance as Active Data Internet Subscribers in Nigeria Reach 142 Million
As of January 2025, Nigeria’s active data internet subscribers reached 142.16 million, according to the Nigerian Communications Commission (NCC). The…
Naira Gains Slightly to 1530.52/$ Amid Stability Efforts and Structural Reforms
The Nigerian naira showed a marginal appreciation of 0.16% on Wednesday, closing at 1530.52/$ compared to the previous day’s rate…
Nigeria’s Telecom Sector Faces Declining Revenue as Currency Depreciation Hits ARPU“““““““““`
Nigeria’s telecommunications market has seen a significant downturn, with the average revenue per user (ARPU) falling by 38.79% in 2024.…
CBN’s Bank Recapitalisation and FX Reforms Pave Path to $1 Trillion Economy by 2030
The Central Bank of Nigeria (CBN) is implementing a series of strategic reforms to strengthen the nation’s financial services sector,…
Insurance Brokers Eye Opportunities in $490B AfCFTA Market Amid Regulatory Concerns
As Nigeria joins 54 other African nations in advancing a single trade area under the African Continental Free Trade Area…
Finance Minister Pledges Support for Private Sector Growth in Meeting with Dangote
The Federal Government has reaffirmed its commitment to fostering a business-friendly environment to stimulate private-sector investments and boost economic growth…
Nigeria’s Crypto Future: Stronger Regulations to Boost Investment, Says FlashChange CEO
The Chief Executive Officer of FlashChange, Bidemi Oke, discussed the growing role of cryptocurrencies in Nigeria’s financial landscape, emphasizing that…
Exporters and Non-Bank Corporates Lead Nigeria’s Dollar Inflows as Naira Weakens
Exporters and non-bank corporates were the main contributors to Nigeria’s dollar inflows, accounting for 64% of the total inflow into…
Nigeria’s Economic Rebase Offers New Growth Opportunities for Businesses and Consumers in 2025
Nigeria has entered 2025 at a crucial economic crossroads, following a period of substantial reforms designed to reshape its financial…
PAFON 2.0 Set to Revolutionize AI-Driven Payment Systems in Nigeria
The Payments Forum Nigeria (PAFON) 2.0 is gearing up to bring together Nigeria’s top digital finance experts, policymakers, and tech…
Ghana’s 2025 Budget Allocation to Agriculture Deemed Insufficient by Agri-Impact CEO
In the 2025 national budget, only GH¢1.5 billion, representing 0.54% of the total GH¢279 billion, has been allocated to the…
Nigeria’s Inflation Crisis: Erosion of Savings and Wealth Strikes Hard
Nigeria’s inflation crisis has escalated, eroding the wealth of millions of citizens and making it increasingly difficult to save or…
Stock Market Sees N266bn Loss Amid Profit-Taking in BUA Cement and Other Stocks
The Nigerian stock market experienced a decline of N266 billion on the back of profit-taking, particularly in BUA Cement, which…
CBN Approves Greenwich Holdings Structure to Strengthen Financial Group’s Growth
The Central Bank of Nigeria (CBN) has granted approval for the establishment of Greenwich Holdings Limited as the new financial…
AI to Revolutionize Marketing Strategies, MediaFuse-Dentsu Pioneers Change
MediaFuse-Dentsu Nigeria has announced its plans to revolutionize marketing communications with artificial intelligence (AI)-driven integrated growth solutions. This move was…
Adebiyi: Telecom Industry Driving Nigeria’s Digital Economy and Financial Inclusion
Adekunle Adebiyi, the founder of Whistles Alliance Integrated Services and former Chief Sales and Distribution Officer at MTN Nigeria, shares…