Ghana Gov’t to Deploy Technology to Combat Illegal Mining and Boost National Revenue
The government of Ghana has announced plans to implement technology-driven measures to address the growing challenge of illegal mining, which…
Category: Local
Nigerian Equity Market Recovers with N369bn Gain, Boosting Investor Confidence
The Nigerian equity market experienced a strong rebound on Monday, gaining N369 billion as the All-Share Index rose by 0.56%,…
Mercurie Launches Naira Payment Solution for Nigerian Businesses
Cross-border payment issues have long hindered the growth of Nigerian businesses, with over 4.9 million companies facing challenges in managing…
Money Market Funds Stay Attractive Despite Rate Decline, Offering Strong Returns
Money market funds (MMFs) continue to be a reliable investment option, even as interest rates on most instruments have declined.…
Borrowing Costs Expected to Rise as Nigeria Faces Tightening Banking Liquidity
Businesses in Nigeria may soon experience higher borrowing costs due to a continued dip in banking system liquidity, which has…
Nigerian Equities Market Continues Downward Trend, Investors Lose N532bn in 4th Consecutive Week
The Nigerian equities market has faced a fourth consecutive week of losses, with heightened selling pressure and macroeconomic concerns causing…
Telecom Sector Growth Hinges on AI, B2B Services, and Strategic Innovation Amidst Rising Costs
The Nigerian telecom sector is grappling with steep tariff hikes, leaving consumers like Adebayo, a Lagos-based small business owner, shocked…
SEC Intensifies Measures Against Fraud, Promises Stricter Oversight of Nigeria’s Capital Market
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to protecting investors in Nigeria’s capital market by cracking down…
Tony Elumelu Foundation Grants African Entrepreneurs Over $115m, Create 1.5m Jobs
The Tony Elumelu Foundation (TEF) has distributed over $115 million in grants to African entrepreneurs, benefiting more than 24,000 individuals…
Ghana Government Falls Short of Treasury Bill Target by GH¢2.8 Billion
In its latest Treasury bill auction, the Ghanaian government has missed its target by GH¢2.8 billion, marking the first shortfall…
RackCentre Expands Nigeria’s Digital Infrastructure with New AI Data Centre
RackCentre is making a significant contribution to Nigeria’s digital economy with the launch of its new 12 Megawatt Artificial Intelligence…
Revitalizing Nigeria’s Creative Economy: CBN’s Push for a $25 Billion Growth Opportunity
The Central Bank of Nigeria (CBN), in partnership with the Bankers’ Committee, is spearheading efforts to transform the country’s creative…
Bank of Ghana’s MPC Holds Key Meeting Amid Economic Pressures
The Bank of Ghana’s Monetary Policy Committee (MPC) has started its 123rd meeting today, which will focus on evaluating the…
Naira struggles at official window, depreciates to 1536/$
The naira faced significant challenges at the official exchange rate window last week, depreciating by 1.25% to settle at 1536.89/$…
China Encouraged to Increase Investments and Technology Transfer to Boost Nigeria’s Economy
Nigeria’s Honourable Minister of Works, David Umahi, recently urged the Chinese government to enhance its investments in Nigeria’s economy, particularly…
African Finance Ministers Push for Immediate AfCFTA Implementation to Drive Trade and Economic Growth
The 57th session of the Conference of African Ministers of Finance, Planning, and Economic Development, held in Addis Ababa, Ethiopia,…
FG Moves to Harmonize Fiscal Data for Economic Stability and Investor Confidence
The Federal Government of Nigeria is taking proactive steps to harmonize fiscal data across various government agencies, aiming to improve…
FG Focuses on Reducing Production Costs to Tackle Food Inflation and Improve Accessibility
The Nigerian government is taking steps to address food inflation and accessibility by reducing production costs in the agricultural sector.…
NHRC to Collaborate with Tech Companies to Mitigate AI Risks in Nigeria
The National Human Rights Commission (NHRC) of Nigeria has announced its plans to engage technology companies in addressing the potential…
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…
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),…