Transcorp Power Leads Market Rally as NGX Capitalization Hits N93.7 Trillion
The Nigerian stock market kicked off the week on a bullish note as the All-Share Index surged by 729.2 points,…
Category: Local
Foreign Inflows Into Nigeria Surge 39% in September as Investor Confidence Rebounds
Foreign inflows into Nigeria’s foreign exchange market rose sharply in September 2025, signaling a growing return of investor confidence despite…
NUPRC Denies Crude Oil Shortage Claims, Says Refiners Rejected 11 Domestic Cargoes
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refuted claims of crude oil shortages raised by domestic refiners, asserting that…
IMF Warns Nigeria, Others to Curb Dirty Money Inflows Amid Rising Debt and Weak Governance
The International Monetary Fund (IMF) has issued a fresh warning to Nigeria and other emerging economies to intensify efforts against…
Tinubuflation Eases as Inflation Falls to Two-Year Low — But Poverty Deepens Across Nigeria
After months of relentless price surges, Nigeria’s inflation story is finally showing signs of relief. The country’s inflation rate, which…
Dangote Warns Monopoly Claims Could Hinder Local Investment in Nigeria’s Petroleum Sector
Africa’s richest man, Aliko Dangote, has cautioned that persistent accusations of monopoly in Nigeria’s petroleum sector could discourage local investors…
Nigeria’s Crude Oil Output Falls to 1.39 Million Barrels per Day in September Amid Labour Disruptions
Nigeria’s crude oil production dropped to 1.39 million barrels per day (mbpd) in September 2025, marking the second consecutive month…
Ghana Cedi Named Africa’s Best-Performing Currency in 2025 – World Bank
Eight months into 2025, the Ghanaian cedi has emerged as Africa’s best-performing currency, according to the World Bank’s latest Africa…
Ghana’s Business Confidence Rises in August as Economic Outlook Brightens and Borrowing Costs Ease
Business confidence in Ghana surged in August 2025, signaling renewed optimism among firms about the nation’s economic direction. According to…
NGX Market Opens Week Strong with ₦465bn Gain as Insurance, Industrial Stocks Rally
The Nigerian Exchange Limited (NGX) kicked off the new trading week on a bullish note, recording a ₦465 billion gain…
Nigeria’s $36.7 Billion Budget Lags Behind African Peers Despite Revenue Growth – CPPE Warns
Nigeria’s $36.7 billion national budget remains significantly smaller than many of its African peers, despite recent fiscal and tax reforms…
CBN and Bankers Commit N68bn to Restore National Theatre, Launch Wole Soyinka Centre for Culture & Creative Arts
Nigeria’s cultural landscape has received a major boost with the official reopening of the National Arts Theatre, now renamed the…
Nigeria Bond Market Rally: Yields Drop to 18.38% Amid Strong Investor Demand
Nigeria’s bond market maintained its bullish momentum last week as investor appetite for government securities surged, driving average yields down…
SEC Backs Digital Transformation to Boost Investor Confidence in Nigeria’s Capital Market
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to harnessing digital technology as a key driver of investor…
ICMR to Inaugurate Catherine Nwosu as New President at 14th Annual Conference on November 1
The Institute of Capital Market Registrars (ICMR) has announced plans to officially swear in its President-Elect, Catherine Nwosu, alongside her…
Nigerian Oil Stabilizes at $67 Amid Easing U.S.-China Tensions and Domestic Production Boost
Nigerian crude oil prices stabilized near $67 per barrel this week as global markets showed signs of recovery following recent…
Cardoso to lead Nigeria’s team to IMF/World Bank meeting – Presidency
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, will head Nigeria’s delegation to the 2025 Annual Meetings…
Nigeria’s PMI Rises to 54.0 in September, Signals Stronger Economic Growth — CBN
Nigeria’s economic growth gathered pace in September 2025, as the Central Bank of Nigeria (CBN) reported a significant rise in…
CSW 2025: FCMB recommits to innovation, personalised service
First City Monument Bank says it is marking the 2025 Customer Service Week with a renewed focus on turning everyday…
Ghana’s Government Spending Falls 14% Below Target in 2025, Signaling Stronger Fiscal Discipline — BoG Report
Government spending in Ghana for the first seven months of 2025 fell 14 percent below target, reflecting tighter fiscal discipline…
Easing Inflation and Stable Naira Set to Power FMCG Sector Growth in Q3 2025, Analysts Predict
Nigeria’s Fast-Moving Consumer Goods (FMCG) sector is on track for a strong rebound in the third quarter of 2025, as…
SEC Nigeria Embraces Technology to Boost Investor Confidence and Modernize Capital Market Operations
The Securities and Exchange Commission (SEC) of Nigeria has reaffirmed its commitment to leveraging technology as a catalyst for investor…
Nigeria’s Equities Market Hits N6.92 Trillion in 2025 — Highest in 18 Years as Investor Confidence Surges
The Nigerian equities market has recorded its strongest performance in nearly two decades, with transactions on the Nigerian Exchange (NGX)…
Dangote’s Wealth Soars by $497 Million as Nigerian Stocks Rally on NGX
Africa’s richest man, Aliko Dangote, saw his fortune surge by $497 million in the week ending October 10, 2025, as…
Google Grants African Students Free Access to Advanced AI Tools for One Year
In a landmark move to empower Africa’s next generation of innovators, Google has announced free access to its premium AI…
Humans, Not Machines: Nigerian Labour Leaders Urge Ethical AI Adoption in the Future of Work
The accelerating rise of Artificial Intelligence (AI) continues to reshape global workplaces, from corporate boardrooms to factory floors, and Nigeria…
Nigerian Stocks Hit 1-Year High as Investor Confidence Soars Amid Stable FX and Strong Earnings
The Nigerian stock market extended its winning streak last week, climbing to a fresh 52-week high as investor confidence surged…
Crude Oil Dispute Deepens as Nigerian Refiners Reject 11 Million-Barrel Local Supply Amid Price, Quality Concerns
Nigeria’s crude oil supply dispute has taken a new twist as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed that…
Nigeria’s Public Debt Rises to ₦152.4 Trillion by Mid-2025 Amid Currency Pressures and Fiscal Strain
Nigeria’s total public debt surged to ₦152.4 trillion as of June 30, 2025, marking a ₦3.01 trillion increase from the…
Naira Hits 10-Month High as Strong FX Inflows, Investor Confidence Boost Liquidity
The Nigerian naira reached a 10-month high last week, closing at ₦1,455.17 per dollar at the official market, its strongest…