Lagos Raises N244.82bn in Oversubscribed Green and Conventional Bonds to Fund Infrastructure
Lagos State has successfully raised N244.82 billion through a combination of green and conventional bonds, underscoring strong investor confidence in…
Category: Local
UAC Nigeria’s N182 Billion Acquisition of CHI Set to Reshape Consumer Goods Landscape
In a landmark deal that has captured the attention of Nigeria’s business community, UAC Nigeria has acquired CHI Limited in…
Ghana Set for Strong Economic Growth in 2026, Fitch Solutions Forecasts
Ghana is on track for robust economic growth in 2026, according to forecasts by UK-based research firm Fitch Solutions. The…
NCR and ROYALEX Shine as Nigerian Stock Market Slides Below N92 Trillion
The Nigerian Stock Market ended Thursday, 20 November 2025, on a bearish note, with the All-Share Index (ASI) slipping 458.98…
Nigerian T-Bills Demand Hits New High as Investors Chase High Yields with N1.23tn Bids
Investor appetite for Nigerian Treasury Bills surged sharply at the latest auction on Wednesday, November 19, 2025, as total bids…
Foreign Investors Return to NGX as Market Hits Record N2.03tn in 2025
Foreign portfolio investors have made a powerful comeback to the Nigerian Exchange Limited, with foreign trades surging to an unprecedented…
SEC Summit to Highlight Technology-Driven Compliance in Nigeria’s Capital Market
The Securities and Exchange Commission has underscored the growing importance of technology-led compliance in Nigeria’s capital market as it prepares…
Auditor-General Alleges CBN Recycled N29.7bn Dirty Notes in Violation of Clean Note Policy
The Central Bank of Nigeria has come under renewed scrutiny as the Office of the Auditor-General of the Federation accuses…
FUGAZ Banks Drag Nigerian All-Share Index Down 0.23% Despite Surge in Trading Volume
The Nigerian stock market faced a modest downturn on Tuesday, 19th November, as the All-Share Index (ASI) slipped 340.50 points…
Nigeria’s Pension Assets Hit N26 Trillion in September 2025 Amid Market Volatility
Nigeria’s pension industry maintained a strong growth trajectory in September 2025, with total assets rising to N26.09 trillion, up from…
Nigeria Q3 2025 GDP Outlook: Analysts Split Between 3.9% Slowdown and 4.5% Growth
Nigeria’s Gross Domestic Product (GDP) report for the third quarter of 2025 is stirring debate among economists, with forecasts ranging…
Nigerian Stock Market Opens Week in Red, N1.17 Trillion Lost Amid Decline in Major Stocks
The Nigerian equities market began the week on a downward trend, recording a staggering N1.172 trillion loss. The All Share…
CBN Warns Public: Zuldal Microfinance Bank Not Licensed to Operate in Nigeria
The Central Bank of Nigeria (CBN) has issued a stern warning to the public over an entity claiming to operate…
Lagos SME Bootcamp Empowers Over 700 Entrepreneurs with Skills and Funding Opportunities
Over 700 small business owners gathered in Lagos for the 8th edition of the Lagos SME Bootcamp, an annual event…
TotalEnergies and Conoil Complete Strategic Asset Swap in Nigerian Offshore Blocks
In a strategic move reshaping offshore oil operations in Nigeria, TotalEnergies Marketing Nigeria Plc has signed an asset swap agreement…
Alles Charis Gas Boosts Domestic LPG Supply with New 500MT Depot in Ondo
Alles Charis Gas Limited has taken a significant step in deepening domestic LPG supply in Nigeria by commissioning a 500-metric-tonne…
PENGASSAN Raises Alarm Over Eroding Oil and Gas Retirees’ Pensions
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised concerns over the declining value of pensions…
Nigeria’s New Tax Reform Law Makes Virtual Currencies Taxable – Oyedele
Nigeria has officially brought virtual currencies, including cryptocurrencies, under its tax umbrella as part of the country’s sweeping fiscal reform,…
Nigeria’s Aviation Sector: Africa’s Most Under-Exploited Market, Says President Tinubu
President Bola Ahmed Tinubu has called on global investors to explore the vast potential in Nigeria’s aviation sector, describing it…
FG, States, LGs Share N2.09 Trillion in October 2025 FAAC Allocation
The Federal Government, states, and local governments shared a total of N2.094 trillion from the October 2025 Federation Account Allocation…
Nigeria Targets N1.49tn Annual Revenue from West African Electricity Exports
Nigeria is set to earn nearly $1 billion (about N1.49 trillion) annually from electricity exports to 15 West African countries…
Nigerian Bank Stocks Slide as Sell-Off Deepens on NGX in November 2025
The Nigerian stock market has been caught in a wave of heavy sell-offs this November, with banking stocks at the…
Nigerian Stock Market Dips Further as Investors Lose N216bn — Market Capitalisation Falls Again
The Nigerian stock market extended its bearish run on Wednesday as investors lost an additional N216bn, deepening concerns over persistent…
Banks Alert Customers as FIRS Intensifies Enforcement of 10% Tax on Fixed-Income Interest
Nigerian banks have begun issuing fresh alerts to customers after the Federal Inland Revenue Service (FIRS) reaffirmed the enforcement of…
Nigerian Stocks Stall After N7 Trillion Loss Amid Market Volatility
The Nigerian Exchange (NGX) All-Share Index (ASI), which has enjoyed a remarkable rally this year thanks to economic reforms and…
NGX Tech Listings Stalled as Awareness Gap Drives Startups Toward Acquisitions
Nigeria’s technology startups are showing little interest in listing on the Nigerian Exchange Limited (NGX), with a new report pointing…
Nigeria’s Pension Fund Hits N26 Trillion as Assets Grow 22% in 12 Months
Nigeria’s pension fund assets have soared to N26.09 trillion as of September 2025, marking a 22.03% year-on-year growth, according to…
E-Cedi to Strengthen Ghana’s Monetary Sovereignty and Reduce Forex Dependence – Ecobank MD
The Managing Director of Ecobank Ghana, Abena Osei-Poku, has highlighted the pivotal role of the E-Cedi in reinforcing Ghana’s monetary…
TotalEnergies Eyes Nigeria’s 2025 Oil Licensing Round After 2024 Block Wins
French energy giant TotalEnergies has expressed keen interest in participating in Nigeria’s upcoming 2025 oil licensing round, building on its…
PTAD Disburses N3.9 Billion Arrears to 91,146 Pensioners Under Defined Benefit Scheme
The Pension Transitional Arrangement Directorate (PTAD) has successfully disbursed a total of N3.9 billion in arrears to 91,146 eligible pensioners…