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NCC Introduces N10m Licence for Bulk SMS Providers to Tackle Fraud and Spam
The Nigerian Communications Commission (NCC) has announced a mandatory N10 million licence fee for companies…
Naira Slightly Weakens to ₦1,529/$ as Forex Demand Rises Amid Card Transaction…
The Nigerian naira experienced a marginal depreciation at the official foreign exchange market, closing at…
IMF Calls on Nigeria to Deepen Inclusive Growth and Enforce Fiscal Discipline Amid…
The International Monetary Fund (IMF) has advised Nigeria to prioritise inclusive economic growth, reinforce…
Naira Breaks Free from Oil Dependency as Currency Holds Steady Despite Price Slump
Nigeria’s naira is showing signs of resilience and stability, decoupling from its historical dependence on crude…
Despite 50% Tariff Hike, Nigeria’s Internet Usage Surges 30% in 2025
Despite a steep 50% increase in telecom tariffs earlier in 2025, Nigeria has seen a surprising 30.91% rise in…
Nigeria Eyes Record $16.08bn in Foreign Portfolio Inflows Amid High Interest Rates
Nigeria is on track to record its highest-ever foreign portfolio investment (FPI) inflows by the end of 2025, as…
Telecom Analyst Urges Unified RoW Charges, Local Equipment Production to Boost…
A telecom analyst, Osita Odafi, has called on the Federal Government to harmonise right-of-way (RoW) charges…
CBN Raises Inflation Alarm as Rising Input Costs Threaten Business Margins
The Central Bank of Nigeria (CBN) has raised concerns about a potential surge in inflation, citing rising input…
Dangote Refinery Targets 100% Nigerian Crude by Year-End in Energy Sector…
Dangote Industries Limited has announced plans to fully switch its massive 650,000 barrels-per-day refinery to use…
CBN Rolls Out Stricter Loan Reporting Rules to Boost Transparency in Banks
The Central Bank of Nigeria (CBN) has introduced new guidelines to enhance credit reporting standards among…
T-Bill Undersubscriptions Expected to Continue as Investors Seek Higher Yields –…
Investor interest in Treasury Bills (T-bills) continues to wane, with market analysts predicting further…
Nigeria and South Africa Boost Intra-African Trade to $220.3 Billion in 2024
Intra-African trade rose significantly by 12.4% in 2024 to reach $220.3 billion, up from $196.04 billion in 2023,…
Boosting Agricultural Investment Key to Fighting Nigeria’s Inflation – Economist…
Dumebi Oluwole, a prominent Nigerian economist and Team Lead of the Country Risk Team at Stears, has emphasized…
NCC To Spotlight Mobile Virtual Network Investment, Growth Potential At Forum
The Nigerian Communications Commission (NCC) will headline the sixth edition of the Telecom Sector Sustainability…
Tinubu’s Tax Reforms Set Stage for Nigeria’s Economic Revival — IMPI
The Independent Media and Policy Initiative (IMPI) has hailed President Bola Tinubu’s new tax reforms as a…
FGN Opens July Savings Bonds with Up to 16.76% Interest Amid Stable Monetary…
The Debt Management Office (DMO) has commenced the subscription window for the July 2025 issuance of the Federal…
Seven Nigerian Banks Face ₦965bn Recapitalisation Gap Ahead of CBN Deadline
Seven Nigerian commercial banks—Fidelity Bank, FCMB, GTCO, UBA, First Bank Holding (FirstHoldco), Sterling Bank,…
Naira Gains Slightly as Banks Resume International Use of Naira Cards
The Nigerian naira saw a modest appreciation on Monday across both the official and parallel foreign exchange…
CBN Temporarily Lifts Cap on Tier-1 Capital to Boost Bank Resilience Until March…
The Central Bank of Nigeria (CBN) has announced a temporary removal of caps on the recognition of Additional…
Nigerian Stock Market Begins Week Strong with N193bn Gain Amid Renewed Investor…
The Nigerian Exchange Limited (NGX) opened the week on a bullish note, recording a gain of N193 billion in market…
CBN Orders Banks to Submit Capital Restoration Plans as Forbearance Regime Winds…
The Central Bank of Nigeria (CBN) has mandated all affected banks to submit detailed capital restoration plans as…
Investors Position for Q2 Earnings as NGX Market Capitalisation Surges by N377bn
The Nigerian Exchange (NGX) ended the first trading week of July 2025 on a bullish note, gaining N377.26 billion…
Naira Poised for Modest Gains as Forex Liquidity Improves, Say Analysts
The Nigerian naira is projected to remain stable and potentially gain value this week, trading between ₦1,500 and…
NCC Pushes Solar Energy to Cut Telecoms’ Diesel Dependency and Costs
The Nigerian Communications Commission (NCC) is spearheading a new initiative to promote solar energy adoption…
Sycamore MD: Fintech and AI Can Multiply Nigeria’s Retail Investors Tenfold in 5…
Oluwagbenga Magbagbeola, Managing Director of Sycamore Investment and Asset Management, explained the company’s…
Petrol Prices Fall Below ₦900 as Dangote Refinery Slashes Rates Amid Global Oil…
Petrol pump prices in Nigeria have dropped below ₦900 per litre, following a ₦40 cut in ex-depot prices by the…
CBN Clarifies BVN Charges: Enrolment Still Free for Nigerians at Home, $50 Fee…
The Central Bank of Nigeria (CBN) has addressed concerns circulating on social media about alleged new or hidden…
DMO Opens July FGN Savings Bond Offer with Up to 16.762% Interest Despite Slight…
The Debt Management Office (DMO) has announced the opening of subscriptions for the July 2025 issuance of the…
Government Misses T-Bills Target for Sixth Straight Week Amid Falling Interest…
The Government of Ghana has once again fallen short of its Treasury bill target, marking the sixth consecutive…
Nigerian Stocks Set to Soar 32% in 2025 on Tax Cuts, FX Reforms – Report
With projections indicating a 32.2% return, according to CardinalStone Research’s 2025 Mid-Year Economic Outlook.…