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Macroeconomic
Oil firms must supply local refineries or lose export permits – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a directive compelling oil exploration…
FG Clarifies Position on Electricity Tariff Hike, Says N200bn Paid on Subsidy…
The Federal Government has denied reports suggesting a 65% increase in electricity tariffs, calling them a…
EU to Disburse €150bn to Nigeria, Africa Under Global Gateway Initiative
The European Union (EU), through its Global Gateway initiative, has committed €150 billion to be disbursed by 2027…
Nigeria’s business confidence rises as PMI hits 52.0 in January 2025
Nigerian businesses have shown resilience in the face of economic challenges, as reflected by the Stanbic IBTC…
CBN: Banking stocks surge 9.8% m/m as DMBs ramp up capital raising efforts
The Nigerian banking sector has seen a remarkable 9.8% month-on-month surge in banking stocks, driven by the…
CBN Reaffirms Commitment to Empower Nigerian Youth Through Credit Policies and…
The Central Bank of Nigeria (CBN) has reaffirmed its dedication to empowering Nigerian youth by enhancing credit…
Trump Pauses Tariffs on Mexico and Canada, Maintains Pressure on China
U.S. President Donald Trump has agreed to delay imposing tariffs on Mexico and Canada for 30 days. The decision…
Nigeria Urged to Adopt Asset-Based Financing for Economic Growth
As Nigeria aims to grow its economy to $1 trillion by 2030, experts have advised the Federal Government (FG) to…
APD 2025: Jinapor pushes for bold energy sector reforms-GHANA
The Minister of Energy and Green Transition for Ghana, John Jinapor, highlighted the persistent issue of…
CBN Reports Record N9.39tn Bank Deposits In January Amid Surging Liquidity
In January 2025, Deposit Money Banks (DMBs) in Nigeria deposited a record N9.39 trillion in excess liquidity with…
SEC Reaffirms Commitment to Women’s Financial Inclusion in Nigeria
The Securities and Exchange Commission (SEC) has reiterated its dedication to fostering financial inclusiveness…
Foreign Investors Flock to Naira Assets as Reforms Boost Market Confidence
Recent reforms by the Central Bank of Nigeria (CBN) have spurred increased foreign investor interest in naira…
Strategic CSR Investments: Maximizing Impact for Sustainable Humanitarian…
In an era of growing economic disparities, investing in humanity through Corporate Social Responsibility (CSR) is…
Naira Appreciates to Seven-Month High, Gains N63 Against Dollar
Nigeria’s exchange rate strengthened significantly in January 2025, appreciating by N63.72 to close at N1,474.78…
Ghana secures $2.8bn debt relief as official creditors sign MoU
Ghana has successfully secured $2.8 billion in debt relief after all 25 members of its Official Creditor Committee…
DMO announces results of January 2025 FGN bond auction, raises N669.94 billion
The Debt Management Office (DMO) of Nigeria announced the successful completion of its January 2025 Federal…
TotalEnergies records N1.04tn revenue
TotalEnergies Marketing Nigeria Plc has posted impressive financial results for the year ending December 31, 2024,…
Nigeria Joins International Port Community System Association to Enhance Maritime…
The Nigerian Ports Authority (NPA) has announced that Nigeria has been admitted as a member of the International…
FG secures $1.1bn AfDB loan to power 5m people by 2026 — Tinubu
The Federal Government of Nigeria has secured a $1.1 billion loan from the African Development Bank (AfDB) to…
Naira Sustains Gain On Parallel Market, Weakens To N1,534/$1 On NEFM
The naira saw a continued appreciation in the parallel market for the second consecutive day, rising by N10 to…
US Stock Market Faces Uncertainty Amid Tech Struggles and Fed Policy Concerns
The U.S. stock market is facing increasing risks, with cracks appearing in the technology sector and uncertainty…
Rising Imports and Trade Deficit Slow U.S. Economic Growth in Q4
The U.S. economy likely grew at a slower pace in the fourth quarter of 2024, with GDP estimated to have risen at…
Three Key Strategies for Improving Nigeria’s Business Environment in 2025
As Nigeria seeks to attract more investments and improve its business environment in 2025, achieving monetary and…
Senate threatens to arrest HYPREP coordinator over $360m Ogoni cleanup
The Nigerian Senate’s Public Accounts Committee has warned Professor Nenibarini Zabbey, Coordinator of the…
CBN Waives 2025 License Renewal Fee for BDC Operators
In a bid to ease financial pressures on Bureau De Change (BDC) operators, the Central Bank of Nigeria (CBN) has…
US Investigates United Airlines Flight That Returned to Nigeria After Mid-Air…
The US National Transportation Safety Board (NTSB) has launched an investigation into a United Airlines flight…
Currency Markets Roiled by Tariffs and AI Uncertainty
Global currency markets experienced sharp volatility as new U.S. tariff threats and concerns over artificial…
Nigerian Stock Market Gains N795bn As Bullish Run Boosts Investor Confidence
The Nigerian stock market kicked off the week on a strong bullish trend, with the All-Share Index (ASI) rising by…
Inflation, poverty rate dip Nigeria-China trade to $20b in 2024
In 2024, trade volume between Nigeria and China fell to approximately $20 billion, a decline from the $22.6…
Emerging market investors eye frontier assets shielded from Trump’s tariff…
Amid growing global uncertainties, including rising U.S. tariffs and geopolitical tensions, investors are…