Browsing Category
Local
NGX Set to Break Turnover Records in 2025 as Foreign Investment and Retail…
The Nigerian Exchange (NGX) is on track for a record-breaking year in 2025, with a turnover of ₦694 billion posted…
Dangote Accuses Global Oil Traders of Sabotaging Africa’s Refinery Growth
Aliko Dangote, Africa’s richest man and President of Dangote Industries, has raised alarm over what he describes…
Ghana Cedi at 60: Citizens Express Doubts Despite 2025 Gains
Marking its 60th anniversary in 2025, the Ghana Cedi stands as a symbol of Ghana’s economic independence since…
Nigeria Targets $1 Trillion Economy by 2030 Through “Nigeria First”…
The Federal Government of Nigeria has reaffirmed its commitment to achieving a $1 trillion economy by 2030 through…
Naira Slips to ₦1,532.34/$ Despite CBN Efforts Amid FX Market Volatility
The Nigerian naira closed the week of July 21st, 2025, weaker against the US dollar, depreciating by 0.14% to…
Market Boom Masks 40% Stock Crash: Six Nigerian Firms Buck N20 Trillion Rally
Despite a historic N20.1 trillion rally in Nigeria’s equities market in 2025, six publicly listed companies have…
11 Nigerian Banks Breach Non-Performing Loan Limit Amid Credit Quality Concerns
Rising NPLs Spark Concern in Nigeria’s Banking SectorAt least eleven commercial banks in Nigeria exceeded the…
Nigerian Stocks Edge Up 0.18% Amid Mixed Sectoral Performance and Cautious Trading
The Nigerian Exchange Limited (NGX) began the week on a modestly positive note, as the All-Share Index (ASI) rose…
Nigeria’s Rebased GDP Hits ₦372.82 Trillion Amid Worsening Poverty, Public…
Economic Growth Through RebasingThe National Bureau of Statistics (NBS) has rebased Nigeria’s Gross Domestic…
High Interest Rates Now Nigeria’s Top Business Concern — CBN Survey Finds
According to the Central Bank of Nigeria's (CBN) June 2025 Business Expectations Survey, high interest rates have…
Stakeholders Advocate AI Adoption to Revolutionize Autism Education in Nigeria
At the 15th Annual Autism Conference organized by Guaranty Trust Holding Company Plc in Lagos, stakeholders…
Foremost Capital Surpasses ₦60 Billion AUM in Six Months, Eyes Ethical Investment…
Foremost Capital Limited, a newly established and SEC-licensed asset management company, has achieved a remarkable…
Nigerian Stock Market Hits 2025 High as Heavyweight Stocks Propel All-Share Index…
The Nigerian stock market capped off its strongest week of 2025 as the NGX All-Share Index surged by 5,436.07…
Analysts Project 30% NGX Growth in H2 2025 on Banking Reforms and Investor…
Analysts at Cowry Asset Management have forecast a 30 per cent surge in the Nigerian stock market for the second…
Analysts Warn of Inflation Resurgence Despite 3-Month Decline
Nigeria’s headline inflation has eased for the third consecutive month, declining to 22.22% in June 2025 from…
Telcos Resume SIM Swap Services After NIMC Platform Disruption — MTN, Airtel…
Telecommunications companies in Nigeria have resumed SIM swap services after a disruption that left millions of…
Nigeria’s FX Reserves Climb $422m as CBN Boosts Market Intervention and Investor…
Nigeria's foreign exchange (FX) reserves grew by $422.16 million last week, bringing the total to $37.85 billion…
Nigerian Mutual Funds Surge by ₦1.99 Trillion in H1 2025, Driven by Money Market…
In the first half of 2025, Nigeria’s mutual fund industry experienced impressive growth, recording a net inflow of…
Bank of Ghana Assures Traders of Forex Availability Amid Access Complaints
The Bank of Ghana (BoG) has responded to growing concerns within the business sector, particularly from the Ghana…
Nigerian Equities Set to Sustain Gains Amid Strong Half-Year Earnings Expectations
The Nigerian equities market is poised to maintain its bullish trajectory, bolstered by heightened investor…
SEC to Launch USSD Code for Verifying Capital Market Operators to Combat Ponzi…
The Securities and Exchange Commission (SEC) of Nigeria has announced plans to launch a USSD code system designed…
Nigerian Stock Market Surges: Investors Gain N6.9 Trillion in 10-Day Bull Run
The Nigerian equities market has witnessed an extraordinary 10-day winning streak, during which investors…
CBN Recapitalisation Sparks N500bn Surge in Bank Stocks on NGX
Investor activity in Nigeria’s stock market soared last week, especially within the banking sector, following the…
Cardoso Warns of Inflation Spike Amid Record FAAC Liquidity Surge
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has raised an alarm over the surge in banking…
FCMB Partners TEHC on $40M Louisville Project to Redefine Urban Living in…
First City Monument Bank (FCMB) has announced a $40 million loan facility to finance the Louisville Phase 1…
Nigerian Stock Market Hits N82.41trn as BUA, Dangote Cement Lead 1.02% Rally
The Nigerian Exchange (NGX) maintained its bullish trend on Thursday, July 17, 2025, with the All-Share Index…
FGN Savings Bonds Attract N4.27bn in July Amid Lower Interest Rates
The Debt Management Office (DMO) has successfully raised N4.27 billion through the Federal Government of Nigeria…
NCC Unveils New Licensing Framework to Boost Innovation as Broadband Penetration…
The Nigerian Communications Commission (NCC) has introduced a new draft General Authorisation Framework…
Digital Disconnect: Report Reveals Nigerian Ministers’ Poor Social Media…
A new report by UK-based communications firm Column has exposed a significant shortfall in the digital engagement…
NGX Raises Over N4.63 Trillion in H1 2025 as Investor Confidence Surges
In the first half of 2025, the Nigerian Exchange (NGX) raised over N4.63 trillion through corporate and sovereign…