EABL Raises KSh 16.7 Billion in Oversubscribed Bond Listing on Nairobi Securities Exchange
East African Breweries Plc (EABL) has successfully listed the first tranche of its Medium-Term Note (MTN) Programme on the Nairobi…
Category: Local
Ghana’s Public Debt Hits GH¢684.6bn in Q3 2025 Despite Strong Year-Long Decline
Ghana’s public debt rose to GH¢684.6 billion in the third quarter of 2025, marking an increase of GH¢71.6 billion compared…
Coinbase Ventures unveils nine priority sectors for 2026 as crypto VC funding hits $4.65bn
Coinbase Ventures has unveiled nine key investment sectors it believes will define the next wave of blockchain innovation in 2026.…
Dangote Refinery Denies Claims of Exporting Off-Spec Diesel Amid Rising Quality Concerns
Dangote Refinery has firmly denied allegations that it exported off-specification diesel to European markets, following reports that buyers were rejecting…
GenCos Set to Gain Foreign Exchange from West Africa Power Pool Amid Market Shifts
Nigerian power generation companies (GenCos) are poised to reap foreign exchange (FX) benefits through participation in the West Africa Power…
CBN Corridor Shift Sparks Broad Yield Decline Across Nigerian Financial Markets
Nigeria’s financial markets have responded sharply to the Central Bank of Nigeria’s (CBN) recent adjustment of its monetary policy corridor,…
First Ally Capital Invests N2bn in First Holdco Shares Amid Rising Market Confidence
First Ally Capital Limited, an investment firm linked to Ebenezer Olufowose, chairman of First Bank of Nigeria Limited, has deepened…
BUA Cement, Cadbury Sell-Offs Drag Nigerian Exchange by N444bn
Sell-offs in major stocks, including BUA Cement (-4.76%), Cadbury (-9.92%), and Meyer (-9.91%), sent shockwaves through the Nigerian Exchange Limited…
NNPC/Heirs Energies OML 17 Boosts Gas Supply to 135MMscf, Powering Nigeria’s Eastern Network
The NNPC/Heirs Energies OML 17 Joint Venture (JV) has achieved a major breakthrough in Nigeria’s gas sector, doubling its gas…
Bank of Ghana Cuts Interest Rate to 18% as Inflation Continues to Fall
The Bank of Ghana has announced a significant reduction in its benchmark interest rate, lowering it by 350 basis points…
Private Sector Credit Surges N1.88 Trillion After September Rate Cut
Credit to Nigeria’s private sector rose sharply in October 2025, climbing to N74.41 trillion from N72.53 trillion in September, according…
FCMB AgriTech Hackathon 2025 Empowers Startups to Transform Nigeria’s Agricultural Sector
First City Monument Bank (FCMB), in collaboration with the Dutch Entrepreneurial Development Bank and HeaveVentures, successfully concluded the FCMB AgriTech…
Nigeria’s VAT Revenue Hits N2.06 Trillion in Q2 2025, Driven by Manufacturing and ICT
Nigeria’s Value Added Tax (VAT) revenue remained largely stable at N2.06 trillion in the second quarter of 2025, according to…
Nigerian Breweries Increases Product Prices Amid Rising Operational Costs
Nigerian Breweries Plc has announced a price increase across its range of beverages, including Star Lager, Gulder Lager, Budweiser, and…
Bank of Ghana Targets Deeper Lending Rate Cuts to Boost Private-Sector Growth
The Bank of Ghana (BoG) is stepping up efforts to bring down lending rates, with Governor Dr. Johnson Asiama reaffirming…
SEC Orders Capital Market Operators to Fully Comply with ISA 2025 by January 2026
The Securities and Exchange Commission (SEC) has directed all Capital Market Operators (CMOs) to declare their compliance level and ensure…
Dangote Refinery Cuts Nigeria’s Malta Petrol Imports by 60% as Local Supply Surges
Nigeria’s petrol imports from Malta have fallen sharply, dropping by 60 percent in 2024, as the Dangote Petroleum Refinery ramps…
AfDB Approves $500m Loan to Boost Nigeria’s Energy Reforms and Fiscal Stability
The African Development Bank has approved a fresh $500 million loan to support Nigeria’s ongoing economic governance and energy transition…
High Lending Rates in Nigeria Strangling Production, MAN Urges CBN to Cut Interest Rates
The Manufacturers Association of Nigeria (MAN) has raised fresh concerns over the country’s high lending rates, warning that steep borrowing…
Nigeria’s Creative Economy: Experts Explore Models to Drive Social Impact and Investment
Leading experts and industry stakeholders convened in Lagos to explore practical strategies for harnessing Nigeria’s rapidly growing creative economy. The…
Ghana Poised for Major Interest Rate Cut as Inflation Falls to Four-Year Low
Ghana is preparing for what could be its third consecutive major interest rate cut, as the country’s inflation continues to…
Nigeria’s monthly trade surplus falls 35% to $1.39bn
The Nigerian equities market staged an impressive rebound on Tuesday, recovering N95 billion in market capitalization after six straight sessions…
Nigerian Tech Firm, Task Systems, wins Microsoft Best Partner Award in US
Nigeria’s technology landscape received global recognition as Task Systems Limited, a leading indigenous ICT firm, won the prestigious Microsoft Partner…
Analysts Warn CBN’s 27% MPR Could Stifle Growth as Businesses Face Rising Credit Pressures
The Central Bank of Nigeria’s (CBN) decision to keep the Monetary Policy Rate (MPR) at 27 percent has sparked fresh…
Experts Advocate Innovation and Partnership for Sustainable Digital Transformation in Africa
In a bid to foster an inclusive and sustainable digital ecosystem, Adeyinka Adedokun, CEO and Principal Consultant of Avetium Consult…
Nigerian Equities Market Rebounds with N95 Billion Gain as CBN Holds Rates Steady
The Nigerian equities market staged a notable recovery on Tuesday, November 25, bouncing back from six consecutive days of declines.…
Ghana Cedi Surges 32% Against Dollar in 2025: Strongest Performance in West Africa
Ghana’s cedi has continued its remarkable upward trajectory in 2025, recording a 32.2% appreciation against the US dollar on the…
Nigeria to save millions in FX as export tests get global approval
Nigeria is set to save millions of dollars in foreign exchange after the Nigeria National Accreditation System (NINAS) received global…
Nigeria Champions Africa’s Digital Sovereignty and Regional Collaboration at ICEGOV 2025
Nigeria has once again positioned itself at the forefront of Africa’s digital transformation, as the Director-General of the National Information…
NGX Rebounds After Six-Day Slump, Adds N94.47bn in Market Value
Bullish trading returned to the Nigerian Exchange Limited (NGX) on Tuesday, breaking a six-day losing streak that had dented investor…