MTN Nigeria on Track for ₦5 Trillion Revenue as Data Becomes Its New Growth Engine
MTN Nigeria Communications Plc is rewriting the playbook for telecoms in Africa’s largest market. The company posted an eye-catching ₦2.38…
Category: Local
Nigeria’s ICT Sector Sustains Strong Real GDP Growth, Driving Non-Oil Economy in Q2 2025
Nigeria’s Information and Communication Technology (ICT) sector continued its upward trajectory in the second quarter of 2025, cementing its place…
Haruna Musa on Transforming Jaiz Bank: Driving Innovation, Integrity and the Future of Non-Interest Banking in Nigeria
Nigeria’s fast-changing financial sector is under pressure to innovate and rebuild public trust, and Jaiz Bank has emerged as a…
Nigeria’s Finance and Insurance Sector Surges 16.13% in Q2 2025, Strengthening GDP Growth
Nigeria’s Finance and Insurance sector recorded a real growth of 16.13% in the second quarter of 2025, according to new…
Nigeria’s Foreign Reserves Surge to $42bn – Six-Year High Boosts Naira Stability and Investor Confidence
Nigeria’s external reserves have soared past the $42 billion mark for the first time since September 2019, hitting a six-year…
Nigeria SEC Approves Mark-to-Market Valuation for Bonds, Ushers in Transparency Era for Fund Managers
The Securities and Exchange Commission (SEC) of Nigeria has approved a landmark reform requiring fund managers to value fixed income…
Nigeria’s GDP Surges 4.32% in Q2 2025 as Oil and Non-Oil Sectors Drive Growth
Nigeria’s economy has demonstrated strong resilience in the second quarter of 2025, with Gross Domestic Product (GDP) growing by 4.32%…
NNPC, PETROAN Push for Technical and Equity Partnership to Revive Port Harcourt Refinery
Oil marketers under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have called on the Federal Government to…
NES #31 to Spotlight Investment Opportunities Amid Global Trade Shifts in Nigeria
As Nigeria gears up for the 31st Nigerian Economic Summit (NES #31) from October 6–8, 2025, the spotlight is on…
Nigeria’s E-Commerce Market Set to Surpass $16 Billion by 2030, Fueled by Jumia, Konga, and Digital Innovation
Nigeria’s e-commerce market is on a steep growth trajectory, projected to exceed $16 billion by 2030, according to the Lagos…
CBN Mandates Early CEO Approvals for Systemically Important Banks to Strengthen Governance and Stability
The Central Bank of Nigeria (CBN) has introduced a landmark directive aimed at fortifying governance and stability in the country’s…
FG Revokes 1,263 Mineral Licenses to Boost Compliance and Attract Genuine Investors
The Federal Government has revoked 1,263 mineral licenses across Nigeria in a major crackdown on non-compliant operators in the solid…
CBN MPC Meeting: Slowing Inflation Sparks Mixed Rate-Cut Expectations Among Economists
Nigeria’s slowing inflation has created a divide among economists as the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC)…
Nigerian Stock Market Weekly Report: NGX Turnover Slumps to N85.20bn Despite ASI Gains
Trading activity on the Nigerian Exchange Limited (NGX) slowed last week as investors exchanged 2.74 billion shares valued at N85.20…
Falling Inflation Sparks Rate-Cut Speculation as CBN’s MPC Meets in Abuja
Nigeria’s steadily easing inflation is fuelling expectations that the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) may finally…
Dangote Alleges NUPENG Truck Levies Fuel Nigeria’s Pump Price Hikes
Africa’s richest man and President of the Dangote Group, Aliko Dangote, has accused the Nigerian Union of Petroleum and Natural…
Ghana Treasury Bills Oversubscribed as Investor Demand Surges Despite Falling Yields
Investor appetite for Ghana’s short-term government securities remained strong last week, as Treasury bills were oversubscribed despite falling yields. According…
Naira Strengthens as CBN Injects $150m, FX Market Turnover Soars 75%
Nigeria’s foreign exchange market saw a dramatic turnaround last week, with the naira regaining ground and trading activity surging. According…
Nigerian Banks Park Surplus Cash at CBN Lending Window as Interbank Market Stalls
Nigeria’s banking sector is swimming in cash, but instead of driving up lending between institutions, banks are choosing to park…
Nigeria Supplies 67.6 Million Barrels of Crude to Local Refineries, But Demand Still Outpaces Supply
The Federal Government says it delivered over 67.6 million barrels of crude oil to Nigeria’s domestic refineries between January and…
Tinubunomics Under Fire: Abuja SMEs Struggle With Rising Costs, Taxes, and Uncertain Policies
Small and medium-scale enterprises (SMEs) in Nigeria’s capital city are sounding the alarm over a mounting cost crisis that is…
Legend Internet Posts Profit Surge but Faces Cash Crunch Amid Rising Costs in Nigeria’s ISP Market
Legend Internet Plc, Nigeria’s first publicly listed internet service provider (ISP), has delivered stronger annual profits even as it battles…
Afreximbank Warns of $330 Billion MSME Financing Gap in Africa, Calls for Inclusive Financial Reforms
The African Export–Import Bank (Afreximbank) has sounded the alarm over a staggering $330 billion financing gap facing micro, small, and…
VFD Group Completes N4.24 Billion Commercial Paper Redemption, Reinforcing Investor Confidence in Nigeria’s Debt Market
VFD Group Plc has successfully redeemed its ₦4.24 billion Series 4 Commercial Paper, issued on December 19, 2024, under its…
Nigerian Stocks Outperform Inflation: What August 2025’s Drop Means for Equity Investors
Nigeria’s stock market is extending its winning streak, delivering returns well above the country’s cooling inflation rate. With August inflation…
Nigerian Stock Market Adds ₦309bn as Investors Snap Up Dangote Cement and Blue-Chip Shares
The Nigerian stock market closed firmly in positive territory on Tuesday, adding a hefty ₦309 billion to its value as…
Economist Warns Bank of Ghana’s Aggressive Rate Cut Risks Inflation Amid Rising Utility Tariffs
Economist Professor Patrick Asuming has cautioned the Bank of Ghana (BoG) over its latest policy decision, describing the central bank’s…
Google’s Equiano Submarine Cable to Boost Nigeria’s Economy by $11.1 Billion and Drive Africa’s Digital Growth
Google has announced that its Equiano submarine cable and broader Africa Connect programme will significantly boost Nigeria’s economy by an…
Group raises alarm over massive data breach in Nigeria
Nigeria’s leading digital rights advocacy group, Paradigm Initiative, has sounded a stark warning over what it calls a “massive data…
FAAC Disburses N2.22 Trillion to Federal, State, and Local Governments for August 2025 Revenue Allocation
The Federation Account Allocation Committee (FAAC) has shared a total of N2.22 trillion among Nigeria’s federal, state, and local governments…