Nigeria’s External Reserves Surge to $43.4bn as CBN Pledges Continued Economic Reforms
Nigeria’s external reserves have reached a five-year high of $43.4 billion, signaling a major boost in the country’s financial stability.…
Category: Local
Nigerian Stock Market Rebounds with N20 Billion Gain as Investors Return
The Nigerian stock market reversed a brief downturn on Wednesday, posting a modest gain of N20 billion for investors. The…
Nigeria Turns to Locally-Mined Gold to Boost Foreign Reserves and Strengthen Economy
The Federal Government of Nigeria has unveiled a strategic initiative to strengthen the country’s foreign reserves by purchasing locally-mined gold,…
Cardoso: Naira now more competitive globally after economic reforms
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has announced that the Naira is now “more competitive”…
Nigeria Targets 600,000 Barrels Daily Boost as NUPRC Approves $18.2bn Oil Projects
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that fresh oil and gas investments in 2025 could add up…
South Korea Nears Decision on Google, Apple 1:5,000 High-Resolution Map Exports — Security, Sovereignty at Stake
South Korea is edging toward a high-stakes decision on whether to permit Google and Apple to export high-resolution geographic map…
PoS Operators Warn CBN’s New Agent Banking Rule Could Crush Small Fintechs, Create Monopoly Risks in Nigeria
Point of Sale (PoS) operators across Nigeria have expressed deep concern over the Central Bank of Nigeria’s (CBN) newly released…
Nigeria’s Rate Cut Signals New Economic Direction as Inflation Eases and Growth Prospects Improve
Nigeria’s economy is showing signs of cautious recovery as the Central Bank of Nigeria (CBN) cuts its benchmark interest rate…
NCC’s Tariff Reform Sparks ₦1 Trillion Telecom Investment, Boosting Nigeria’s Digital Infrastructure
The Nigerian Communications Commission (NCC) has revealed that its recent tariff reforms have attracted over ₦1 trillion in fresh investments…
Digital Encode Becomes Platinum Sponsor for AfriTECH 5.0, Champions Africa’s Digital Sovereignty
Africa’s cybersecurity powerhouse, Digital Encode Limited, has been unveiled as the Platinum Sponsor of the fifth edition of the Africa…
Nigerian Stock Market Value Hits N93.8 Trillion as Bullish Run Continues on NGX — Investors Maintain Optimism
The Nigerian stock market continued its upward momentum on Wednesday, with the Nigerian Exchange Limited (NGX) extending its winning streak…
IMF Backs Nigeria’s Reform Drive, Predicts Major Fiscal Breakthrough by 2025
Nigeria is edging closer to a long-awaited fiscal transformation as the International Monetary Fund (IMF) expressed strong confidence in the…
SEC adopts faster settlement cycle for market efficiency
The Securities and Exchange Commission (SEC) has announced plans to shorten Nigeria’s capital market settlement cycle from T+3 to T+2,…
JUST-IN: Nigeria’s Inflation Rate Falls to 18.02% in September 2025 as Food Prices Ease
Nigeria’s inflation rate continued its downward trend in September 2025, easing to 18.02% from 20.12% in August, according to the…
Leveraging AI to Safeguard Freedom of Expression in Nigeria – Experts Speak at WSCIJ Forum
Human rights lawyer Tsema Ede has called on media professionals and civil society organizations to explore how Artificial Intelligence (AI)…
Regalins, Prestige Assurance Lead Gainers as NGX Closes Flat Amid Decline in Trading Volume
The Nigerian Exchange (NGX) closed Tuesday’s trading session on a quiet note, with the All-Share Index (ASI) slipping marginally by…
NGX Market Loses ₦4bn as Trading Volume Plummets by 58%
The Nigerian Exchange Limited (NGX) witnessed a mild setback on Tuesday, October 15, 2025, as market capitalisation fell by ₦4…
SEC, NUC Partner to Boost Financial Literacy in Nigerian Universities — Aiming to Build a Trillion-Dollar Economy
The Securities and Exchange Commission (SEC) has entered into a landmark partnership with the National Universities Commission (NUC) to enhance…
Cautious Trading Drags Nigerian Stock Market Down by ₦4 Billion
The Nigerian stock market opened the week on a subdued note as cautious trading activity wiped off about ₦4 billion…
Ghana Cedi Rebounds Over 3% as Bank of Ghana Interventions and Strong Gold Prices Boost Confidence
After weeks of market pressure, the Ghana cedi has made a strong comeback, appreciating by more than 3% against major…
Naira Weakens Slightly to N1,467/$1 Despite Rising Foreign Reserves
Nigeria’s currency began the week on a mild downward note as the naira slipped to N1,467 per dollar on Tuesday,…
MTN Renews Sponsorship for Tech Revolution Africa 2.0, Driving the Continent’s Digital Future
In a move that reinforces its leadership in Africa’s tech ecosystem, MTN Nigeria has renewed its partnership as the Headline…
PMI Applauds Dangote Refinery as Global Benchmark for Project Excellence
The Dangote Petroleum Refinery has received high praise from the Project Management Institute (PMI) for its outstanding execution and world-class…
Hidden Bank Charges Quietly Drain Nigerians’ Savings, Erode Trust in Digital Finance
Over the last decade, the rise of digital banking and fintech platforms has transformed how Nigerians manage their money, offering…
FCCPC Applauds CBN’s New ATM Refund Guidelines: Banks Must Return Failed Transaction Funds Within 48 Hours
The Federal Competition and Consumer Protection Commission (FCCPC) has praised the Central Bank of Nigeria (CBN) for unveiling draft guidelines…
Nigeria’s $36.7 Billion 2025 Budget Among Africa’s Lowest Despite Fiscal Reforms
Nigeria’s 2025 budget, set at $36.7 billion, ranks among the lowest on the African continent, despite ongoing fiscal reforms aimed…
Nigeria’s Oil Production Drops to 1.39 Million BPD in September Amid Strikes and Vandalism
Nigeria’s crude oil output fell to 1.39 million barrels per day (bpd) in September 2025, marking the second consecutive month…
Nigeria’s Crude Oil Output Drops to 1.39mbpd, Petrol Prices Surge Amid Supply Disruptions
Nigeria’s crude oil production fell to 1.39 million barrels per day (mbpd) in September 2025, marking the second consecutive month…
Google to Invest $15 Billion in India to Build Its Largest AI Hub Outside the U.S.
Google has announced a landmark $15 billion investment in India, marking its biggest artificial intelligence expansion outside the United States.…
Analysts Warn Nigeria Risks Losing FTSE Frontier Market Status Over Capital Gains Tax Plan
Financial experts have raised alarms that Nigeria may jeopardize its fragile progress toward regaining a spot in the FTSE Frontier…