Nigeria’s Inflation Drop Not Reflecting in Goods Prices, Says Economist
In a recent interview, Professor Segun Ajibola, a renowned economist and former president of the Chartered Institute of Bankers, discussed…
Category: Local
Nigeria and Brazil Sign $8 Billion Green Initiative to Boost Agricultural Productivity
On March 17, 2025, Nigeria and Brazil officially launched the commercial phase of the $1.1 billion Green Imperative Project (GIP),…
Bearish Market Opening: Investors Lose N7.8bn as ASI Drops 0.15%
The Nigerian stock market started the week with a bearish performance, as the All-Share Index (ASI) dipped by 0.15%, closing…
Nigeria Partners with Cyberpedia on AI-driven Initiative to Combat Misinformation
The Presidential Office of Digital Engagement and Strategy (PODES) has teamed up with Cyberpedia Internet Governance, an African AI, Data,…
Nigeria’s Inflation Drops to 23.18% Amid Continued Price Pressures
Nigeria’s inflation rate showed a modest decline for the second consecutive month in February 2025, dropping to 23.18% from 24.48%…
Naira Gains 0.95% in Parallel Market as CBN Boosts FX Liquidity
The Central Bank of Nigeria (CBN) has increased FX liquidity, leading to a temporary reduction in dollar demand and allowing…
Bearish Market Trend Continues as NGX Loses N8bn Amid Ongoing Sell-offs
The Nigerian Exchange Limited (NGX) experienced another decline on Monday, shedding N8 billion as market sentiment remained negative. The benchmark…
Rand Merchant Bank Economic Forum Highlights Key Strategies for Navigating Nigeria’s Reform Challenges
Rand Merchant Bank Nigeria (RMB) hosted a high-profile economic forum in Lagos to address Nigeria’s evolving reform landscape. The event,…
FCMB Group Launches ‘The Power of the Group’ Campaign
FCMB Group Plc, a leading financial services holding company, has launched a new thematic campaign, The Power of the Group. At…
Naira Depreciates Amid Global Trade War and Forex Outflows: CBN Intervenes to Boost Supply
The ongoing trade tensions between the United States and several countries, including China and the European Union, have triggered foreign…
Bloated governance thrives as FG sidelines Oronsaye Report
Thirteen months after President Bola Tinubu promised to implement the Steve Oronsaye Report, designed to streamline Nigeria’s governance structure and…
Parthian Capital Launches Funds to Drive Nigeria’s $1 Trillion Economy Vision
Parthian Capital Limited has unveiled two new investment funds aimed at supporting Nigeria’s goal of becoming a $1 trillion economy…
Falling Petrol Prices Threaten Nigeria’s Oil and Gas Stocks as Dangote Refinery Shakes Up Market
The competition between Dangote Refinery and petrol marketers is putting immense pressure on Nigeria’s oil and gas stocks, creating uncertainty…
NGX Faces Pressure from Key Lagging Stocks: Insurance & Oil & Gas Sector Struggles in 2025
Nigeria’s stock market has seen a modest 3.20 percent rise in 2025, but this performance is overshadowed by the underwhelming…
Mixed Market Sentiments Persist as Investors Rebalance Portfolios Amid Selloffs
The Nigerian stock market experienced mixed sentiments last week, as portfolio reshuffling and selloffs dominated trading activity. For the third…
Nigeria’s FX Reserves See Modest Rebound with $12.06M Increase Amid Ongoing Economic Challenges
Nigeria’s gross foreign exchange (FX) reserves have seen a slight recovery, rising by $12.06 million to $38.36 billion as of…
SEC to Publicly “Shame” Capital Market Offenders in New Enforcement Strategy
The Securities and Exchange Commission (SEC) of Nigeria has unveiled a bold new approach to tackle violations within the country’s…
Reps Revise Tax Reform Bills, Retain 7.5% VAT, and Amend Revenue Sharing Formula
The House of Representatives has amended President Bola Tinubu’s contentious tax reform bills, addressing key concerns raised by various stakeholders.…
One-Year T-Bills Yield Soars to 22.52% Amid Liquidity Challenges
In a surprising development, the Central Bank of Nigeria (CBN) sold its one-year Treasury bills at a yield of 22.52%,…
Stocks Decline by N48bn as Cautious Trading Persists on NGX
The Nigerian equities market experienced a slight downturn on Wednesday, March 12, 2025, with stocks shedding N48 billion in market…
United Capital Announces N0.50 Final Dividend for 2024, Sets Qualification Deadline
United Capital Plc has declared a final dividend of N0.50 per share for the year ending December 31, 2024. The…
Digital Rights: EU, NBA, Others Tackle FG Over Misuse Of Cybercrime Law
The European Union (EU), Nigerian Bar Association (NBA), and other key stakeholders in the justice sector have raised concerns over…
Stock Market Declines by N48.45bn Amid Sell-Off on Key Stocks
The Nigerian stock market continued its downward trend yesterday, dropping by N48.45 billion, marking its second consecutive day of decline.…
Tinubu’s Reforms Boost Nigeria’s Oil Sector with $17B Foreign Investment
In 2024, President Bola Tinubu’s oil and gas sector reforms attracted approximately $17 billion in foreign investment to Nigeria. According…
CBN Leadership Overhaul Aimed at Boosting Efficiency and Productivity
The Central Bank of Nigeria (CBN) has appointed 16 new directors as part of a strategic overhaul to improve its…
FCMB Empowers 44,278 Entrepreneurs Nationwide Through Business Growth Training
First City Monument Bank (FCMB) has successfully empowered 44,278 entrepreneurs through its Business Empowerment Sustainability and Training (BEST) masterclass programme…
House of Reps Urges CBN to Suspend ATM Transaction Charge Hike Amid Economic Strain
The House of Representatives has called for the suspension of the recent hike in Automated Teller Machine (ATM) transaction charges…
Telcos Boost Investments to Meet Surging Data Demand in Nigeria
Telecommunication giants MTN Nigeria and Airtel Africa have ramped up their investments in network infrastructure to meet the growing demand…
Public-Private Partnerships Crucial to Closing Nigeria’s $100 Billion Investment Gap – Edun
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has underscored the importance of Public-Private Partnerships (PPPs)…
FCMB Launches Business Transformation Masterclass to Empower Entrepreneurs
First City Monument Bank (FCMB) has introduced its Business Empowerment and Sustainability Training (BEST) Masterclass, aimed at equipping business owners…