CBN Enhances Oversight to Safeguard Nigeria’s Financial System
The Central Bank of Nigeria (CBN) is intensifying efforts to ensure a transparent and resilient financial system by strengthening regulatory…
Category: Local
Nigeria’s Key Economic Sectors Stagnant, Urgent Reforms Needed for Growth – Economist
Nigeria’s economy has been facing significant challenges, with key sectors that are crucial for its economic growth remaining stagnant or…
Nigeria Plans $122 Billion Investment to Diversify Energy Sources and Enhance Grid Stability
The Federal Government of Nigeria has unveiled a plan to secure $122.2 billion in investments aimed at diversifying the country’s…
Nigeria’s Real Estate Sector Becomes the Third Largest Contributor to GDP
Nigeria’s real estate sector has gained significant attention as it emerged as the third largest contributor to the country’s GDP…
Ten Stockbrokers Trade Over N601 Billion on NGX in First Two Months of 2025
In the first two months of 2025, ten stockbrokers on the Nigerian Exchange Limited (NGX) facilitated transactions totaling N601.078 billion,…
NGX Group Sees 157.3% Surge in Profit, Reaches Record N13.6 Billion for 2024
NGX Group has reported a significant profit before tax (PBT) of N13.6 billion for the year ending 31 December 2024,…
CBN Enhances Financial Oversight to Strengthen Compliance with Global Banking Standards
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to reinforcing the nation’s financial sector by enhancing regulatory oversight,…
South Africa Fines Google R500 Million and Investigates Tech Giants Over Advertising Imbalance
South Africa’s Competition Commission has launched an investigation into major tech companies, including Google, X, and Meta, for their role…
Strategies for Staying Authentically Informed in the Digital Age
Staying informed as a citizen in the digital age has become increasingly complex due to the abundance of information, misinformation,…
Google Launches Free AI Coding Assistant for Nigerian Developers
Google has launched a new AI-powered coding assistant called Gemini Code Assist, offering a free version to developers in Nigeria.…
Elumelu Pledges Support for Gabon’s Infrastructure Development and Youth Empowerment
Tony Elumelu, the Group Chairman of United Bank for Africa (UBA) and founder of the Tony Elumelu Foundation (TEF), reaffirmed…
Banking Sector Outperforms with 7.76% YtD Gain as Recapitalisation Efforts Gain Momentum
In 2025, the Nigerian banking sector has emerged as a standout performer on the Nigerian Exchange Limited (NGX), with the…
Exchange Rate and Inflation: Fixing the fundamentals first
In many developing economies, exchange rate fluctuations serve as the main driver of inflation. In Nigeria, the value of the…
Nigerian Stock Market Suffers N421bn Loss Amid Bearish Trends
The Nigerian Exchange experienced a significant downturn last week, with the market losing N421bn. The All-Share Index (ASI) dropped by…
Naira Ends February Strong, Defying Pressure with Gains in Parallel Market
The Nigerian naira ended February 2025 with notable fluctuations in its performance across both the parallel and official markets. The…
CBN Halts Interest Rate Hikes Amid Inflation Slowdown and Naira Strengthening
In a notable shift from its aggressive tightening policies, the Central Bank of Nigeria (CBN) has paused its interest rate…
Capital Market Key to Nigeria’s Economic Stability, Says Shettima
Vice President Kashim Shettima has highlighted the crucial role of Nigeria’s capital market in ensuring economic stability, emphasizing its strong…
Net Foreign Exchange Inflows Surge by 44% to $41.89 Billion in 2024
The net foreign exchange inflows into Nigeria’s economy increased by 44.8% year-on-year, reaching $41.89 billion in the first eleven months…
Foreign Investment Outflow Hits N20.19bn in January, Threatening Market Stability
In January 2025, Nigeria’s stock market faced a significant challenge with a net foreign investment outflow of N20.19 billion, signaling…
ECOWAS Workshop Reinforces Regional Energy Data Integration
The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to enhancing regional energy data integration with the…
Q4 2024 GDP Report Reveals Economic Weaknesses and Imbalance – Expert Analysis
The recently released Q4 2024 GDP figures from the National Bureau of Statistics (NBS) indicate a quarter-on-quarter growth of 3.84%…
ICT Contributes 17.7% to Nigeria’s GDP, Telecom Sector Leads Growth
In a recent report from the National Bureau of Statistics (NBS), the Information and Communications Technology (ICT) sector contributed 17.68%…
World Bank to Approve $2.2 Billion Loan for Nigeria in 2025
Nigeria is set to receive a $2.2 billion loan from the World Bank in 2025, aimed at supporting six major…
Interswitch Pushes for AI Integration in Africa’s Workforce and Economy
Interswitch, a leading integrated payments and digital commerce company in Africa, is emphasizing the critical role of Artificial Intelligence (AI)…
NESG Calls for AI Adoption in Nigerian Town Planning to Boost Productivity
The Chairman of the Nigeria Economic Summit Group (NESG), Olaniyi Yusuf, has emphasized the need for the integration of Artificial…
Concerns Mount as Naira Strengthens Amid Decline in Forex Reserves
The Nigerian naira has shown notable improvement recently, gaining strength due to foreign exchange reforms implemented by the Central Bank…
Finance and Insurance Sectors Drive Nigeria’s GDP Growth in 2024
In 2024, Nigeria’s finance and insurance sectors played a significant role in boosting the country’s real GDP growth, contributing 6.22%,…
Naira Strengthens to N1,485 as Dollar Liquidity Improves
The Nigerian naira has strengthened against the US dollar in the parallel market, reaching a rate of N1,485 per dollar,…
SEC Shortens Capital Market Approval Time to 14 Days
The Securities and Exchange Commission (SEC) has significantly reduced the approval time for companies looking to raise funds in Nigeria’s…
Rewane: CBN’s Intervention Policies Strengthen Naira Stability
Economist Bismarck Rewane, CEO of Financial Derivative Company, has praised the Central Bank of Nigeria’s (CBN) recent foreign exchange market…