FCCPC Floors MTN As Court Upholds Its Regulatory Authority In Telecommunications Sector
The Federal Competition and Consumer Protection Commission (FCCPC) achieved a significant legal win against MTN Nigeria, as a Federal High…
Category: Local
Fintech Surge: Nigerians Shift to Digital Payments as Banks Struggle with Outages
In 2024, fintech companies like Opay and PalmPay saw significant growth as they became the go-to alternatives for financial transactions,…
Nigeria’s data privacy breaches surge amid regulatory pressure
Nigeria is experiencing a significant rise in data privacy breaches despite increased regulatory oversight by the Nigeria Data Protection Commission…
Nigerian Manufacturers Face N666bn Cost Surge Amid Inflation and Economic Challenges”
In 2024, the cost of sales for 10 major manufacturing and consumer goods companies in Nigeria surged to N665.95bn, marking…
Equity market gains N884bn in one week
The Nigerian equity market experienced significant growth last week, with the All-Share Index climbing by 1.38% to close at 105,933.03…
Nigeria’s GDP Growth May Fall to 0.8% in 2025, Warns Rand Merchant Bank
Nigeria’s economic growth could significantly slow down in 2025, with projections suggesting a possible dip to 0.8% growth, a rate…
Excessive govt spending undermining monetary policy – MPC member
A member of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), Murtala Sagagi, has raised concerns over excessive…
UAC Nigeria Reports 109% Profit Growth in 2024, Driven by Strategic Market Initiatives
UAC Nigeria PLC, a diversified holding company, reported impressive financial results for the year 2024, showing a significant 109% increase…
Bulls persist at NGX as equities investors earn N332.2bn
The Nigerian stock market maintained a positive trajectory, as the All-Share Index (ASI) gained 0.51%, closing at 105,324.89 points. This…
FG plans new national shipping line
The Nigerian Ministry of Marine and Blue Economy has launched a strategic initiative to establish a national flag carrier through…
TTP Integrates CBN’s NXP System with Ètò Electronic Call-Up to Streamline Nigeria’s Export Process
Trucks Transit Parks Ltd (TTP) has announced the successful integration of the Central Bank of Nigeria’s (CBN) Nigeria Export Proceeds…
FG must bolster domestic industries to achieve $1trn economy –NESG
The Nigerian Economic Summit Group (NESG) has called on the Federal Government to prioritize the support of local industries to…
Edun Highlights Nigeria’s Economic Growth to Investors, Turkish Delegation
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, presented the country’s economic transformation over the…
Tinubu Proposes N54.6 Trillion Budget for 2025: Implications for Nigeria’s Economy and Growth
On February 6, 2025, President Bola Tinubu proposed a budget increase for Nigeria, raising the 2025 budget from N49.7 trillion…
Naira’s Parallel Market Approaches Official Exchange Rate Amid CBN Reforms
The Nigerian naira has been steadily appreciating in the parallel market, narrowing the gap with the official foreign exchange (FX)…
Equity market booms as NGX gains N332bn
The Nigerian Stock Exchange (NGX) experienced a significant rally on February 5, 2025, as the equity market gained NGN 332…
Six companies record N255bn FX loss
Six companies listed on the Nigerian Exchange Limited reported a combined foreign exchange (FX) loss of N255.72 billion for the…
FG seeks fresh $580m W’Bank loans
Nigeria is in discussions with the World Bank to secure two new loans totaling $580 million, with approval expected in…
CBN Sets $25,000 Weekly Limit on BDC Forex Purchases to Stabilize Naira
The Central Bank of Nigeria (CBN) has announced new forex restrictions, limiting Bureau de Change (BDC) operators to purchasing a…
NAICOM Releases New Regulation on Annuity Business Underwriting
The National Insurance Commission (NAICOM) has introduced new regulatory requirements for life insurance companies underwriting annuity policies. This move aims…
PTAD Pledges Implementation Of N32,000 Pension Increment
The Pension Transitional Arrangement Directorate (PTAD) has reaffirmed its commitment to implementing the N32,000 pension increment for retirees under the…
Nigeria’s Debt Financing Strategy Raises Concerns Over Sustainability and Economic Stability
Nigeria’s growing reliance on asset sales and multilateral loans to finance its public debt is sparking concerns about the sustainability…
Eurocham Nigeria Hosts 2025 Stakeholder Conference, Strengthens EU-Nigeria Economic Ties
Eurocham Nigeria recently hosted its 2025 Annual Stakeholder Conference in Lagos, bringing together European businesses, policymakers, and private-sector leaders to…
Nigerian Banks Earn N2.6 Trillion from Loans as Interest Rates Surge
Amid rising interest rates, five Nigerian banks FBN Holdings, FCMB Group, Wema Bank, Stanbic IBTC Holdings, and Sterling Financial Holdings…
Blockchain will aid market regulation — SEC
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has emphasized the transformative potential of blockchain…
Stock Market Stays Upbeat, Gains N98bn
The Nigerian stock market maintained its bullish momentum, with overall market capitalization increasing by N98 billion. The All Share Index…
Top-performing Nigerian equity funds in January 2025
The Nigerian stock market started 2025 on a positive trajectory, with the All-Share Index (ASI) gaining 1.53% in January. This…
FG to raise broadband investments by 500% – Minister
The Federal Government of Nigeria is launching a new initiative, the National Broadband Alliance for Nigeria (NBAN), with the aim…
SEC DG Highlights Blockchain’s Role in Enhancing Capital Market Regulation
The Director General of Nigeria’s Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has emphasized the crucial role of blockchain…
Naira sustains gains, appreciates to N1,595/$
The Naira strengthened to N1,595 per dollar in the parallel market yesterday, showing a significant improvement from N1,610 per dollar…