Nigerian Banks Shift Focus to New Revenue Streams as FX Gains Dry Up
As foreign exchange gains that boosted Nigerian banks over the past two years begin to fade, financial experts say lenders…
Category: Local
Nigeria’s Domestic Gas Revenue Soars to N3.1trn as Local Demand Rises
Nigeria’s domestic gas market has posted a major boost this year, with sales rising by 19 per cent to hit…
European Stocks Rise Ahead of Fed Meeting as Investors Weigh Interest Rate Cuts
European stocks opened higher on Friday, signaling cautious optimism among global investors as attention turns to next week’s Federal Reserve…
NGX Extends Modest Rebound as ASI Inches Up 0.10% Amid Mixed Investor Sentiment
The Nigerian equities market extended its recovery on Thursday, December 4, 2025, as the All Share Index (ASI) inched up…
Udoma and Mbah Call for Transparent, Efficient Nigerian Capital Market at PEARL Awards
Former Minister of Budget and National Planning, Udoma Udo Udoma, has called for greater transparency in Nigeria’s capital market, emphasizing…
Nigeria at Risk of Falling Behind in AI Race Amid Data Centre Infrastructure Gaps
Nigeria’s drive to become a global player in artificial intelligence (AI) is under threat due to significant gaps in local…
Nigerian Stock Market Gains N97bn as Bulls Extend Winning Streak
The Nigerian equities market continued its upward momentum yesterday, with market capitalisation climbing by N97 billion. The All Share Index…
Africa’s $3.4 Trillion Market at Risk: Afreximbank Urges Digital Trade Innovation
Africa could lose out on the full potential of its $3.4 trillion market unless urgent steps are taken to remove…
FG Approves N185 Billion to Clear Gas Debts, Boost Power Supply Nationwide
The Federal Government (FG) has taken a major step to stabilize Nigeria’s energy sector by approving the payment of N185…
DMO Allocates N709.6 Billion in Treasury Bills as 1-Year Yield Surges to 17.5%
The Debt Management Office (DMO) concluded its Nigerian Treasury Bills (NT-Bills) auction on December 3, 2025, raising a total of…
Nigeria’s Foreign Reserves Hit $46.7 Billion — Highest in Nearly Seven Years, Says CBN Governor
Nigeria’s foreign reserves have climbed to $46.7 billion, marking the highest level in nearly seven years, the Central Bank of…
Politics, Music, and Viral Trends Dominate Google Searches in Nigeria 2025
In 2025, Nigerians turned to Google to navigate a year full of political developments, cultural phenomena, and entertainment milestones. From…
Nigeria Needs 72 Data Centres to Power $1 Trillion Economy by 2030
As Nigeria sets its sights on a $1 trillion economy by 2030, technology experts warn that the country urgently needs…
Experts share growth strategies for African SMEs
Business leaders across Africa have emphasized actionable strategies to help small and medium enterprises (SMEs) scale, create jobs, and drive…
PENGASSAN Urges FG to Expose Sponsors of Terrorism Amid Rising Insecurity in Nigeria
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the Federal Government to publicly identify…
Lagos Targets 100% Growth in Tech Contribution to GDP by 2030 — Commissioner
Lagos State has unveiled an ambitious plan to double the contribution of technology to its economy by 2030, according to…
Innovation and Partnerships Poised to Drive Nigeria’s Economic Breakthrough — Federal Government
Nigeria is positioning itself for a major economic breakthrough powered by innovation, strong private-sector collaboration, and deeper regional integration, according…
South Africa Business Confidence Rebounds in Q4 2025 Amid Economic Optimism
South Africa’s business confidence saw a notable rebound in the final quarter of 2025, reversing two consecutive declines as the…
Tinubu Launches N160 Billion Telecom Tower Rollout to Boost Security and Connectivity in Rural Nigeria
In a decisive move to strengthen Nigeria’s security and digital infrastructure, President Bola Tinubu has declared a nationwide security emergency…
FIRS clarifies new tax laws, debunks levy misconceptions
The Federal Inland Revenue Service (FIRS) has clarified that Nigeria’s newly enacted tax laws are intended to enhance economic competitiveness,…
Nigeria’s GDP Grows in Q3 2025, but CPPE Warns of Rising Cost of Living
Nigeria’s economy recorded a year-on-year GDP growth of 3.98% in the third quarter of 2025, according to the latest data…
Ghana Reference Rate Drops to 15.9% in December, Easing Borrowing Costs for Businesses
Ghana’s benchmark reference rate for bank lending has fallen sharply in December, offering a welcome reprieve for businesses and consumers…
FEC Approves 4,000 Telecom Towers to Boost Digital Access in Nigeria
The Federal Executive Council (FEC) has approved the deployment of 4,000 telecom towers across Nigeria, a move aimed at improving…
Nigerian Equities Surge N252 Billion as Guinness and Tier-1 Banks Drive Market Rally
The Nigerian equities market recorded a notable gain on Wednesday, adding N252.1 billion in market capitalisation, continuing the rebound from…
Nigeria’s Business Confidence Hits 13-Month High on Stable FX and Easing Inflation
Nigeria’s business confidence has reached its highest level in over a year, buoyed by easing inflationary pressures and a more…
CBN Removes Deposit Limits, Raises Weekly Cash Withdrawal Cap to N500,000
The Central Bank of Nigeria (CBN) has announced a major shake-up of its cash-handling policies, removing all limits on cash…
Seplat Energy Empowers 49 Niger Delta Youths with Technical Skills to Boost Oil and Gas Careers
Seplat Energy Producing Nigeria Unlimited (SEPNU) has strengthened its commitment to community development by empowering 49 youths from the Niger…
Nigeria Named Headquarters of African Petroleum Regulators Forum, Komolafe Elected Chairman
The African Petroleum Regulators Forum (AFRIPERF) has officially chosen Nigeria as its headquarters, signaling the country’s growing influence in Africa’s…
US Firm Pulls Nigeria’s Presidential Jet from Sale Amid Government Review
In a surprising development, the US marketing firm handling the sale of Nigeria’s presidential Boeing 737‑700 Business Jet has officially…
Nigeria Ranks 97th Globally in Digital Quality of Life Amid Affordability Challenges
Nigeria’s digital quality of life has seen only modest improvements in 2025, with the country ranking 97th globally in the…