Foreign Trade in Nigeria Soars to N138 Trillion Amid Naira Devaluation
Nigeria’s foreign trade reached a major milestone in 2024, with total merchandise trade growing by a remarkable 106.6%, amounting to…
Category: Local
Nigeria’s ₦54.99 Trillion 2025 Budget Faces Revenue and Debt Challenges
Nigeria has unveiled its largest budget in 65 years, with a proposed ₦54.99 trillion for 2025, marking a 56.89% increase…
FG Expands Bond Listings with Over 900 Million Units on Nigerian Exchange Limited
The Federal Government of Nigeria has expanded its bond listings with an additional 910.3 million units of its existing February…
Bears Return to Nigerian Exchange, Market Loses N285bn in Capitalization
The Nigerian Exchange (NGX) experienced a bearish trend on Tuesday, with the market losing N285 billion in capitalisation, largely driven…
Nigeria’s Competitiveness Reaches 25-Year High Amidst Weak Naira
Nigeria’s economic competitiveness has surged to its highest level in 25 years, thanks to a significant devaluation of the naira.…
AI Revolution in Enterprise Sales: How Tech is Transforming Africa’s Business Landscape
The rise of Artificial Intelligence (AI) is reshaping enterprise sales across Africa, marking a shift from traditional methods to tech-driven…
AI and Africa’s Sustainability: Embracing Innovation for Growth
In Africa, artificial intelligence (AI) is gradually reshaping how businesses operate and is offering solutions to longstanding challenges. For many…
Firm seeks SEC approval for crowdfunding platform
Promiseland Building and Construction Limited has formally applied to Nigeria’s Securities and Exchange Commission (SEC) for approval to operate a…
FG Targets Wealth Creation with N1.5tn BOA Recapitalization
The Nigerian Federal Government has unveiled plans to inject N1.5 trillion into the Bank of Agriculture (BOA) as part of…
Local Brands’ Global Participation Key to Boosting Nigeria’s GDP, Experts Say
Economic experts have emphasized that Nigeria’s economic growth is closely tied to the participation of indigenous brands in global value…
Nigerian Equity Market Opens Week with N52bn Gain
The Nigerian stock market began the trading week on a positive note, with a notable increase in market capitalization by…
Over 8,000 telecom subscribers switched operators in Jan – NCC report
Mobile number portability in Nigeria saw a significant rise of 190% in January 2025, according to the Nigerian Communications Commission…
CBN Strengthens Operations with New Director Appointments and Strategic Vision for 2024-2028
The Central Bank of Nigeria (CBN) recently appointed 16 new directors to enhance its operations and regulatory oversight. These appointments…
FG Investing Trillions in Economic Reforms for Long-Term Growth – Atiku Bagudu
Nigeria’s federal government is making significant strides toward economic transformation by channeling trillions of naira into key sectors to promote…
Five Nigerian Firms Project Combined Profit of N54bn in Q2 2025
Five companies listed on the Nigerian Exchange (NGX) are expected to record a total profit after tax of N54.77 billion…
Weak Naira Boosts Nigeria’s Competitiveness to 25-Year High
The devaluation of Nigeria’s naira has significantly enhanced the country’s economic competitiveness, according to a recent report by the British…
CBN Aims for Single-Digit Inflation with Forex Stability Measures
The Central Bank of Nigeria (CBN) has been working diligently to stabilize the foreign exchange (forex) market, resulting in notable…
Nigerian Stock Market Declines Amid Selloffs and Declining Fixed Income Yields
The Nigerian stock market closed in negative territory last week due to widespread selloffs in blue-chip companies across various sectors,…
Telecom Tariff Hike Sparks Outrage in Southeast Nigeria
Telecom subscribers in Anambra, Ebonyi, and Enugu States have expressed their dissatisfaction with the recent 50% tariff increase approved by…
Nigeria’s Economic Recovery Gathers Momentum Amid Positive Indicators
Nigeria’s economy is showing encouraging signs of recovery, driven by positive macroeconomic indicators such as rising foreign direct investment (FDI)…
Rebased GDP to reveal Nigeria’s underlying economic realities
Nigeria is set to unveil a rebased Gross Domestic Product (GDP) for the first quarter of 2025, a revision that…
Nigeria’s Economic Recovery Spurs Strong Investor Confidence
Nigeria’s economy is showing signs of strong recovery, with inflation easing to 24.5% in January and a steady rise in…
Naira Declines Against Dollar Amid Increased Demand and Tight Liquidity
The Naira experienced a reversal of recent gains last week, depreciating against the U.S. dollar in both the official and…
Stakeholders Criticize Inflation Rebase and CBN’s MPC Decision Amid Economic Challenges
The recent rebasing of Nigeria’s inflation rate and the Central Bank of Nigeria’s (CBN) decision to maintain the benchmark interest…
IMF Highlights Nigeria’s Economic Stability Amid Reforms under Tinubu Government
The International Monetary Fund (IMF) has praised the reforms implemented by Nigeria’s Bola Ahmed Tinubu-led government, noting that these measures…
NGX Group Proposes Historic N4.4bn Dividend as Profit Soars to N13.5bn
In a remarkable achievement, Nigerian Exchange Group Plc (NGX Group) has proposed a record dividend of N4.4 billion, marking a…
Stock Market Experiences Continued Downturn with N289bn Loss
The Nigerian stock market continued its decline on March 5, 2025, as the overall capitalization dropped by N289 billion, reflecting…
United Capital Delivers Strong 2024 Financial Results with N2.40k Dividend Payout to Shareholders
United Capital Plc (UCAP) has announced a total dividend payout of N2.40 per share for 2024, rewarding shareholders with remarkable…
FCMB’s Continued Support for the Blind Celebrated by FNSB
The Federal Nigeria Society for the Blind (FNSB) has praised First City Monument Bank (FCMB) for its ongoing contributions to…
CBN Reinforces Oversight to Strengthen Financial System Amid Rising Global Challenges
The Central Bank of Nigeria (CBN) is enhancing its regulatory framework to ensure the stability and resilience of the nation’s…