UAE and India Lead Ghana Exports in 2025 as Trade Concentration Deepens
Ghana’s export earnings in 2025 were heavily dominated by a small group of international partners, with the United Arab Emirates…
Category: Local
Dangote Refinery Becomes Net Exporter as Nigeria Boosts Oil Exports in March
In a historic shift for Nigeria’s energy sector, the Dangote Petroleum Refinery & Petrochemicals recorded a major milestone in March…
Nigeria Targets Wealthy Lifestyle Spending to Boost Tax Revenue
Nigeria is stepping up efforts to boost public revenue by targeting wealthy individuals through a data-driven tax monitoring system that…
Dangote Refinery IPO Set to Raise $5bn in Historic African Listing
Nigeria is on the brink of a landmark financial moment as Aliko Dangote moves forward with plans to list the…
Insurance Recapitalisation: Nigeria’s Insurance Sector Undergoes Major Shake-Up Ahead of 2026 Deadline
Nigeria’s insurance industry is undergoing one of its most significant transformations in years as the 2026 recapitalisation deadline set by…
Nigeria Fuel Prices, Inflation Rise as Oil Nears $100+ Amid Strait of Hormuz Crisis
Nigeria’s economy is once again under pressure as global crude oil prices edge toward the $100-per-barrel mark following escalating geopolitical…
Nigerian Stock Market Gains N1.36 Trillion as Equities Rally Continues on Banking and Consumer Stocks
The Nigerian equities market extended its bullish run last week, delivering a strong performance that lifted investors’ wealth by N1.36…
Ellah Lakes Grows Revenue to N146.7bn in 17 Months as Agribusiness Expansion Gains Momentum
Ellah Lakes Plc has reported a sharp rise in performance, growing its total revenue to N146.7 billion over a 17-month…
CBN Tightens Oversight of Digital Finance Platforms as Nigeria Expands Virtual Asset Regulation
The Central Bank of Nigeria (CBN) has stepped up efforts to regulate the fast-growing digital finance sector, introducing stronger oversight…
FG at final stage of 2026-2030 development plan
The Federal Government has reached the final stage of preparations for the Medium-Term National Development Plan (MTNDP 2026–2030), a key…
Cash Outside Banks Falls to N5.20 Trillion in February 2026 as Nigeria’s Liquidity Cycle Stabilizes
Nigeria’s cash held outside the banking system declined slightly in February 2026, falling by 0.058% to N5.20 trillion, as liquidity…
Electricity Generation Rises to 4,300MW as FG Credits Gas Supply Boost and Sector Reforms
The Federal Government has announced an improvement in Nigeria’s electricity generation, which increased from 3,951 megawatts to 4,300 megawatts between…
NUPRC Unveils Digital Reforms to Boost Oil Production and Attract Investment in Nigeria
Nigeria’s upstream oil and gas sector is set for a major transformation as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)…
Nigeria’s External Reserves to Fall to $47bn by 2026, Fitch Warns Amid Economic Pressures
Fitch Ratings has projected that Nigeria’s external reserves will decline to around $47 billion by the end of 2026, despite…
World Bank Fuel Import Recommendation Sparks Backlash in Nigeria as Expert Cites PIA Violation
An energy economist, Ken Ife, has strongly criticised the World Bank’s recommendation that Nigeria should deepen fuel imports and further…
Federal Government Cuts Palm Oil Import Tariffs by 17% to Ease Food Prices
The Federal Government of Nigeria has reduced import tariffs on crude palm oil by 17 per cent, a move aimed…
FTSE Upgrade Drives N1.36 Trillion Stock Market Surge in Nigeria
Nigeria’s equities market witnessed a dramatic surge, adding N1.36 trillion in just 72 hours after FTSE Russell upgraded the country…
Oil Shock Exposes Nigeria’s Import Trap as Local Tech Manufacturing Gains Urgency
Nigeria is once again feeling the ripple effects of global instability after crude oil prices surged above $100 per barrel…
FG Extends Project BRIDGE Research Cluster Deadline to April 27 to Boost Nigeria’s Digital Economy
The Federal Government has extended the deadline for applications into the National Digital Economy Research Clusters under Project BRIDGE to…
Iran War: Zinox Urges Local Tech Manufacturing to Shield Nigeria From Global Shocks
Nigeria’s growing exposure to global economic shocks has come into sharp focus amid the ongoing tensions involving Iran, the United…
First Atlantic Bank, SIC Insurance Lead Gains as Ghana Stock Exchange Records Mixed Trading Session
The Ghana Stock Exchange (GSE) ended Thursday’s trading session on a mixed note, as gains in banking and insurance stocks…
Fuel Price Hike in Nigeria: TUC Proposes Crude Subsidy for Local Refineries to Ease Costs
The Trade Union Congress (TUC) of Nigeria has called on the federal government to intervene in the rising cost of…
NNPC Pushes AI Adoption, Targets $34bn Investment Pipeline to Cut Oil Production Costs
The Nigerian National Petroleum Company Limited (NNPC Ltd) has revealed a major push toward artificial intelligence (AI) and digital transformation…
Naira Strengthens to N1,365 per Dollar as Global Dollar Weakness Drives Market Gains
The naira appreciated to ₦1,365 per dollar on Thursday, extending gains as the U.S. dollar weakened across global markets. The…
GTCO, Aradel Lead Value Trades as NGX All-Share Index Breaks 203,000 Milestone
The Nigerian equities market extended its bullish run on April 9, 2026, as the All-Share Index climbed 0.28% to close…
NGX Banking Stocks Drive 0.28% Market Growth as Investors Rally in Late Trading
The Nigerian equities market ended Thursday’s trading session on a positive note, as a late surge in banking stocks pushed…
PIA reforms drive over $10bn upstream oil investment in Nigeria – NUPRC
The implementation of the Petroleum Industry Act (PIA) and sweeping regulatory reforms have triggered a major boost in Nigeria’s energy…
CBN Warns Banks Against Excessive Risk-Taking After Recapitalisation Drive
The Central Bank of Nigeria (CBN) has cautioned commercial banks against engaging in excessive risk-taking following the conclusion of the…
Naira vs Pound Stability at N1,862 Signals Market Calm in Nigeria FX Market
The Nigerian naira showed relative stability against the British pound sterling, closing at N1,862/£1 in the official foreign exchange market…
Nigeria Poverty Rate Hits 63% in 2025 Despite Inflation Slowdown – World Bank Report Raises Economic Concerns
Nigeria’s poverty rate climbed to 63% in 2025, even as inflation showed signs of easing, according to a new World…