Experts Rank Nigeria Among World’s Poorest in Trade and Property Rights, Call for Urgent Reforms
Nigeria’s trade and investment environment is under fresh scrutiny as experts warn that the country’s restrictive policies and weak legal…
Category: Local
Nigeria Clarifies 25% Capital Gains Tax on Share Sales Reinvested in Fixed Income Assets
The Federal Government has provided fresh clarity on how its newly introduced 25% Capital Gains Tax (CGT) on share disposals…
Nigeria’s External Reserves Surge to $42.2 Billion — Highest in Six Years Amid Oil Output Gains and FX Reforms
Nigeria’s foreign exchange buffer has reached its strongest level in more than six years, crossing the $42 billion mark despite…
Dangote Refinery Warns PENGASSAN Strike Could Disrupt Fuel Supply for 230 Million Nigerians
Nigeria’s largest private oil refinery, Dangote Refinery, has raised alarm over an ongoing nationwide strike by the Petroleum and Natural…
Federal Government Reassures Nigerians of Stable Fuel Supply, Naira-for-Crude Deal Continues
The Federal Government has assured Nigerians that there will be no disruption in the supply of petrol and other refined…
Ghana Treasury Bill Auction Undersubscribed: Government Misses Target by ¢2 Billion Amid Weak Bank Liquidity
Ghana’s government fell short of its Treasury bill (T-bill) target last week, underscoring growing investor caution and tight liquidity within…
Niger Delta Communities Mobilise Petroleum Industry Act Funds for Sustainable Development
Oil-producing communities across the Niger Delta are stepping up efforts to leverage the Petroleum Industry Act (PIA) for rapid and…
Lagos Pledges Ongoing Investment in Digital Infrastructure at GITEX to Drive Nigeria’s Tech Economy
The Lagos State Government has reaffirmed its commitment to sustained investment in digital infrastructure, talent development, and regulatory reforms aimed…
JUST IN: Dangote Refinery reorganises workforce over sabotage, denies mass sack
Dangote Petroleum Refinery and Petrochemicals has announced a sweeping reorganisation of its operations and workforce, saying the move is aimed…
CBN Cuts Interest Rate to 27% to Ease Borrowing Costs for SMEs and Households
The Central Bank of Nigeria (CBN) has lowered its benchmark Monetary Policy Rate (MPR) by 50 basis points to 27…
Cooking Gas Prices Drop: Average 5kg Cylinder Now Costs ₦6,404 in August 2025 – NBS Report
Nigerians are finally getting some relief at the cooking gas pump as prices dropped sharply in August 2025. According to…
AMCON Offloads 34% Stake in Unity Bank to Providus Bank Ahead of Landmark Merger
The Asset Management Corporation of Nigeria (AMCON) has sold its entire 34 per cent equity holding in Unity Bank Plc…
Nigeria Records $19.92 Billion in Investment Signals in Q2 2025, Surging 278% from Q1
Nigeria has recorded a remarkable $19.92 billion in investment signals in the second quarter of 2025 (Q2’25), representing a 277.9%…
FGN Launches N200bn 5- and 7-Year Bonds at 17.95% Yield for Investors
The Federal Government of Nigeria (FGN) has opened a fresh investment opportunity, offering N200 billion worth of bonds through its…
Citi Projects Naira to Weaken to ₦1,700/$ by 2026 as CBN Cuts Rates and Oil Prices Fall
The Nigerian naira, which has shown surprising stability throughout 2025, may lose some of its strength next year, according to…
Nigerian Equities Market Rebounds as Investors Inject N279bn, Boosting Market Capitalisation
The Nigerian equities market staged a strong comeback on Thursday, reversing earlier losses with a N279 billion boost to market…
World Bank Urges Ghana to Favour Concessional Loans Over Costly Domestic Borrowing
The World Bank has advised Ghana’s government to prioritise concessional loans from international lenders over high-interest domestic borrowing to finance…
Nigeria Breaks 10-Year Oil Investment Drought as Reforms Attract Billions in Fresh Capital
Nigeria’s oil sector is witnessing a revival after a decade of stagnation, as fresh investments pour in following sweeping reforms…
Julius Berger exits agro-processing, leases cashew plant to Eko Organic Foods
Julius Berger Nigeria Plc has announced it is stepping back from direct agro-processing operations by leasing its cashew processing plant…
NUPRC approves sale of TotalEnergies’ stake in OML 118 to SNEPCo, Agip
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given its approval for TotalEnergies EP Nigeria Limited to divest its entire…
Ekiti tops fiscal transparency ranking with 100% success
Ado-Ekiti State has, once again, been recognised as the most fiscally transparent state in Nigeria, achieving a perfect 100 per…
FG announces tuition-free education in technical colleges
In its bid to make technical education accessible to all Nigerian children, the Nigerian Government has announced tuition-free education in…
First HoldCo Chairman Otedola acquires N1.21 billion direct shares, increases indirect stake
First HoldCo Plc has revealed that its Group Chairman, Mr Olufemi Otedola, a significant shareholder, has increased his stake in…
Ghana Signs $256 Million Debt Restructuring Deal with UK, Unlocking Key Infrastructure Projects
Ghana has taken a major step toward economic recovery by signing a $256 million bilateral debt restructuring agreement with the…
Ghana’s $500 Billion Net-Zero Transition Plan Targets 2070 with Private Sector Support
Ghana has announced that achieving a net-zero energy transition by 2070 will require more than $500 billion in investments, highlighting…
PenCom Directs PFAs to Report Pension Contributions Above $10,000 to NFIU Within 24 Hours
The National Pension Commission (PenCom) has issued a strict directive requiring all Pension Fund Administrators (PFAs) and Pension Fund Custodians…
PenCom Opens Pension Funds to Foreign Currency Investments, Sets Reporting Rules for Contributions Above $10,000
The National Pension Commission (PenCom) has announced a major policy shift, allowing Pension Fund Administrators (PFAs) to invest a portion…
Nigeria Reaches 2 Million Barrels per Day capacity Crude Oil Production Amid Efforts to Curb Theft – NUPRC
Nigeria has now reached a production capacity of 2 million crude oil barrels per day (bpd), the Nigerian Upstream Petroleum…
AI in Regulation: Experts Highlight Benefits and Risks at 2025 ICE Summit
Experts at the 2025 ICE Summit Regulators’ Masterclass have shed light on the growing role of Artificial Intelligence (AI) in…
World Bank Urges Bold Reforms to Drive Ghana’s Generational Economic Transformation
The World Bank has called on Ghana to implement urgent economic reforms to secure long-term growth and create more jobs,…