Digital Lending Compliance Deadline Set for January 5, 2026 – FCCPC Cracks Down on Non-Compliant Lenders
The Federal Competition and Consumer Protection Commission (FCCPC) has announced January 5, 2026, as the official deadline for all digital…
Category: Local
FG Cracks Down on Loan Defaulters as Tamrose Fully Repays $10M NCI Fund
Tamrose Limited, an indigenous Nigerian marine logistics and offshore support company, has successfully repaid its $10 million Nigerian Content Intervention…
Tax Incentives to Boost Nigeria’s Manufacturing Growth to 3.1% in 2026 — MAN
Nigeria’s manufacturing sector is set to record a projected 3.1 per cent growth in 2026, up from the 1.6 per…
Nigerian Stock Market Rises 1.08% as Brewers and FUGAZ Stocks Lead Gains
The Nigerian stock market rebounded on Thursday, November 13, 2025, with the All-Share Index (ASI) posting a 1.08% gain. The…
National Assembly to Discuss Capital Gains Tax Hike Amid N2 Trillion Market Loss
The National Assembly is set to engage the federal government over the controversial proposed increase in Capital Gains Tax (CGT)…
Naira Strengthens as Nigeria’s External Reserves Hit Six-Year High of $43.42 Billion
Nigeria’s naira gained modestly against the U.S. dollar in the official foreign exchange market on Thursday, buoyed by a surge…
Nigeria’s Currency Reforms Drive Surge in Foreign Investment
Nigeria’s bold currency reforms are paying off, sparking renewed interest from foreign investors after years of economic uncertainty. The Central…
Insecurity and Power Supply Top Nigerian Business Challenges in October – CBN Survey
Insecurity and erratic power supply have emerged as the leading challenges for Nigerian businesses in October 2025, according to the…
Nigeria Faces Looming Food Crisis in 2026 as Farmers Threaten to Quit Agriculture
Nigeria may be on the brink of a major food crisis in 2026, as farmers across the North-Central and North-West…
PenCom targets 80m informal workers with micro-pension plan
The National Pension Commission (PenCom) is intensifying efforts to bring Nigeria’s massive informal workforce—estimated at 70 to 80 million people—into…
Tinubu Postpones 15% Fuel Import Duty to 2026 After Stakeholder Pushback
President Bola Tinubu has approved a shift in the implementation of the proposed 15% fuel import duty on petrol and…
Nigeria’s Private Sector Expands for 11th Month as PMI Hits 55.4 Points
Nigeria’s private sector sustained its growth streak for the 11th consecutive month in October, driven by gains across industry, services,…
MOFI Lists N1 Trillion MREIF on NGX to Boost Affordable Housing in Nigeria
Nigeria’s Ministry of Finance Incorporated (MOFI) has officially listed its N1 trillion Series 2 MOFI Real Estate Investment Fund (MREIF)…
Bank of Ghana Launches Transparent FX Operations Framework to Boost Market Confidence
The Bank of Ghana (BoG) has introduced a new Foreign Exchange (FX) Operations Framework aimed at boosting transparency, reinforcing market…
Ghana’s Bond Market Set to Drive Africa’s Capital Market Integration – BoG Governor
Ghana’s fixed-income market is emerging as one of Africa’s most credible and resilient bond platforms, with trading volumes reaching GHS214…
Nigeria Records 566,300 Data Breaches in 2025 Amid Rising Global Cyber Threats
Nigeria has emerged as one of the most affected countries in global cybersecurity incidents this year, with 566,300 accounts leaked…
Seplat Energy Boosts Crude Output by 33,000 BPD After Successful Oil Well Rehabilitation
Seplat Energy Plc has successfully boosted its crude oil production by 33,000 barrels per day (BPD) following the rehabilitation of…
TotalEnergies Pushes to Maximise Oil Production in Nigeria’s Deepwater Fields
TotalEnergies EP Nigeria is intensifying efforts to unlock the full potential of its oil assets in the country, driven by…
NDIC Advises Nigerians to Maintain Alternate Bank Accounts for Faster Refunds
The Nigeria Deposit Insurance Corporation (NDIC) has urged bank customers to maintain alternate accounts in different financial institutions to ensure…
Nigeria Targets $20 Billion Investment from 70 Priority Gas Projects to Boost Industrial Growth
Nigeria is positioning itself to unlock up to $20 billion in new investments through 70 priority gas projects, as the…
AfCFTA Boost: Africa Trade Engine to Close $50 Billion Import Gap and Drive Local Manufacturing
TRT Manufacturing and TradeDepot have unveiled the Africa Trade Engine (ATE), a groundbreaking initiative designed to tackle Africa’s $50 billion…
Senator Calls for Review of 30% Capital Gains Tax Amid N2tn Market Loss
The Chairman of the Senate Committee on Capital Market and Institutions, Senator Osita Izunaso, has urged the Federal Government to…
Ellah Lakes Launches ₦235bn Public Offer to Drive ₦200bn Revenue Ambition
Nigerian agribusiness giant Ellah Lakes Plc has announced the launch of a ₦235 billion public offer, marking a bold step…
Presco Plc Launches N236.67 Billion Rights Issue to Drive Expansion and Acquisitions
Presco Plc has opened a N236.67 billion Rights Issue, inviting existing shareholders to increase their equity in the company as…
SEC Partners with Cambridge and Busha to Launch Digital Assets Education Programme in Nigeria
The Securities and Exchange Commission (SEC) of Nigeria has teamed up with Cambridge Enterprise, Busha, and A&D Forensics to introduce…
Nigerian Equities Market Rebounds, Investors Gain N2.59 Trillion
The Nigerian equities market staged a strong recovery on Wednesday, delivering a welcome relief to investors following a steep market…
Nigerian Stock Market Rebounds with N2.6 Trillion Gain After Record Loss
The Nigerian stock market staged a remarkable recovery on Wednesday, posting a N2.6 trillion gain in market capitalisation just a…
Nine Nigerian Banks Earn ₦2.81 Trillion from Fees and Commissions in Q3 2025
Nine leading Nigerian banks collectively raked in about ₦2.81 trillion from various fees and commissions in the third quarter of…
Power Shortages and Insecurity Threaten Nigerian Businesses’ Growth – CBN Survey
Insecurity and unreliable electricity remain the biggest threats to business stability and profitability in Nigeria, according to the Central Bank…
The Alternative Bank Wins “Innovative Bank of the Year” Award at African Islamic Finance Conference
The Alternative Bank has clinched the coveted title of Innovative Bank of the Year at the 7th African International Conference…