Policymakers, investors meet at Nigeria Fintech Week
Africa’s largest fintech gathering, Nigeria Fintech Week (NFW25), is set to bring together over 20,000 stakeholders, investors, and policymakers from…
Category: Local
NGX Domestic Transactions Hit N5.46tn in Eight Months as Local Investors Dominate Nigerian Equities Market
Domestic transactions on the Nigerian Exchange Limited (NGX) surged to N5.46 trillion in the first eight months of 2025, highlighting…
Dangote Fuel Price Cuts Fail to Reach Lagos and Ogun Motorists as Marketers Hold Steady
Fuel marketers in Lagos, Ogun, and other key Nigerian states have not yet passed on recent petrol price reductions announced…
NNPCL Allocates N318bn to Frontier Oil Exploration Amid Revenue Shortfalls
The Nigerian National Petroleum Company Limited (NNPCL) has secured N318.05 billion between January and August 2025 for frontier oil exploration,…
Nigerian Stock Market Loses N135bn in Third Weekly Decline Amid Investor Caution
The Nigerian Exchange Limited (NGX) closed in negative territory for the third time this week, losing N135 billion in market…
CBN Cuts MPR to 27%: Experts Praise Move, SMEs Struggle with High Borrowing Costs
The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) by 50 basis points, bringing it down…
Dangote Sugar Soars 10% as Nigerian ASI Falls, Fugaz Stocks Drive Market Volume
The Nigerian stock market experienced mixed fortunes on September 24, 2025, as the All-Share Index (ASI) slipped for the fourth…
Naira Abuse Drives Up Printing Costs: CBN Launches Nationwide “Handle with Care” Campaign
The Central Bank of Nigeria (CBN) has sounded the alarm over the rising costs of printing and replacing naira notes,…
FG Blocks TotalEnergies’ $860 Million Nigerian Asset Sale Amid Regulatory Concerns
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has withdrawn its earlier approval for French oil giant TotalEnergies to sell its…
Nigeria’s Finance and Insurance Sector Soars 16.13% in Q2 2025, Driving GDP Growth
Nigeria’s finance and insurance sector experienced a remarkable growth of 16.13% in real terms during the second quarter of 2025,…
MAN Warns Tax Stamp Plan Could Hurt Consumers and Local Manufacturers
The Manufacturers Association of Nigeria (MAN) has raised concerns over the Federal Government’s proposed Tax Stamp System for excisable products,…
PenCom Launches “Pension Revolution 2.0” to Expand Health Insurance and Secure Retirees’ Dignity in Nigeria
The National Pension Commission (PenCom) has unveiled a bold new initiative dubbed “Pension Revolution 2.0,” aimed at transforming Nigeria’s pension…
Bank of Ghana Cuts Policy Rate to 21.5% as Inflation Eases, MPC Minutes Reveal
The Bank of Ghana has reduced its key lending rate to 21.5 percent, following a 350-basis-point cut approved by four…
Ghana Government Orders Buffer Stock Company to Buy Surplus Grains to Support Farmers and Boost Food Security
The Government of Ghana has directed the National Food Buffer Stock Company (NAFCO) to begin purchasing surplus grains from farmers…
Bank of Ghana Sets GH¢2 Million Minimum Capital for Digital Credit Providers to Boost Stability and Consumer Protection
The Bank of Ghana has rolled out new licensing requirements for Digital Credit Service Providers, setting a minimum capital threshold…
UNGA80: Global Energy Alliance Commits $16 Million to Boost Clean Energy Access Across Africa
At the 80th United Nations General Assembly (UNGA80), the Global Energy Alliance for People and Planet (GEAPP) unveiled a $16…
Oil Workers’ Unions Reject Nigerian Government’s Plan to Sell NNPCL Assets
Two of Nigeria’s most powerful oil workers’ unions — the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN)…
CBN Cuts MPR to 27% After Five Years as Inflation Eases, Banks Meet New Capital Targets
The Central Bank of Nigeria (CBN) has cut its benchmark Monetary Policy Rate (MPR) to 27 percent, the first time…
Nigeria’s 2025 GDP Growth Hinges on Fiscal Discipline, Reforms and Dangote Refinery Impact – Afreximbank’s Yemi Kale
Nigeria’s 2025 growth outlook will only materialise if policymakers maintain fiscal discipline and stay the course on reforms, Dr. Yemi…
Infrastructure Expert Urges Nigerian Government to Embrace Innovation for Lasting Roads and Runways
Infrastructure specialist Isaac Oyawoye has called on the Federal Government to make massive investments in innovation to tackle Nigeria’s worsening…
CBN Cuts Interest Rate to 27% as OPS Seeks Real Credit Relief for Businesses
The Central Bank of Nigeria (CBN) has lowered its benchmark interest rate to 27 per cent, marking its first cut…
Investors Lose ₦322bn as NGX Slumps for Second Day Amid Weak Sentiment
The Nigerian Exchange (NGX) sustained its bearish run on Tuesday, with investors losing about ₦322 billion in market value as…
Nigerian Stocks Shed ₦220bn as Investors Book Profits Ahead of MPC Rate Decision
The Nigerian Exchange (NGX) witnessed a sharp pullback on Tuesday, wiping ₦220 billion off its market capitalisation as investors locked…
Champion Breweries Reports 111% Revenue Surge, 692% Profit Growth After Bullet Acquisition
Champion Breweries Plc has posted a remarkable 111 per cent rise in revenue and a 692 per cent jump in…
14 banks have met capital requirement, says Cardoso
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says about 14 banks have met the regulatory capital requirements. Cardoso spoke…
BREAKING: CBN cuts interest rate to 27% — first in 2025
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has reduced interest rates from 27.5 percent to…
CBN MPC Meets to Decide Nigeria’s Interest Rates Amid Easing Inflation and Rising Growth Prospects
The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) is meeting this week to decide on the nation’s benchmark…
Champion Breweries to Raise ₦103 Billion for Bullet Energy Drink Acquisition and Expansion Drive
Champion Breweries Plc has unveiled an ambitious plan to raise ₦103 billion to finance the acquisition of Bullet Energy Drink…
GoldBod and GCX Move to Launch Regulated Gold Trading Platform in Ghana
The Ghana Gold Board (GoldBod) and the Ghana Commodity Exchange (GCX) have begun formal talks to introduce a regulated gold…
Ghana’s $3.5bn Food Import Bill at Risk of Rising Amid Galamsey Pollution Crisis
Peasant farmers in Ghana are warning that the country’s already staggering annual food import bill of over $3.5 billion could…