Nigeria Needs 22% Annual Growth, FX Stability to Hit $1 Trillion Economy by 2030 – Report
Nigeria’s ambition of becoming a $1 trillion economy by 2030 is achievable but will require bold policy reforms, exchange rate…
NGX Market Cap Drops N663bn as Bearish Sentiment Persists
The Nigerian Exchange (NGX) extended its bearish streak on Wednesday as equities investors lost N663 billion in market value due to sustained…
NCC to Publish Quarterly Telecoms Performance Reports Using Consumer Data
The Nigerian Communications Commission (NCC) has announced plans to begin publishing quarterly reports on telecoms network performance across the country,…
Nigeria GDP Rebasing Highlights Non-Oil Growth, Real Estate Overtakes Oil in Economic Contribution
Nigeria’s latest Gross Domestic Product (GDP) rebasing has revealed a major shift in the country’s growth structure, showing that non-oil…
Ghana Sets Highest Cocoa Farmgate Price in West Africa – COCOBOD Defends Farmers’ Earnings
The Ghana Cocoa Board (COCOBOD) has rejected claims that cocoa farmers in Ghana earn less than their counterparts in Côte…
Bank of Ghana Bans Unsupported Dollar Payouts to Corporates to Stabilize Forex Market
The Bank of Ghana (BoG) has issued a new directive prohibiting banks from allowing large corporates to withdraw foreign currency…
PepsiCo, DP World Invest $20m in Lagos Facility to Boost Nigeria’s Economy and Job Creation
The Federal Government has welcomed a fresh wave of foreign investment as PepsiCo and DP World commissioned a $20 million production…
Nigerian Stock Market Extends Losses as CHAMPION, AUSTINLAZ Lead Gainers Despite 0.73% ASI Drop
The Nigerian Exchange (NGX) extended its losing streak on Wednesday, August 20, 2025, as the All-Share Index (ASI) fell by…
Nigeria Explains Delay in Striking Trade Deal with the United States
Nigeria has explained why it has not yet signed a trade agreement with the United States despite ongoing talks. According…
Microsoft Restricts Chinese Firms’ Access to Cybersecurity Program After SharePoint Hacks
Microsoft has scaled back Chinese companies’ access to its cyber early warning system following allegations of Beijing-linked hacking campaigns. The…
Chinese startup DeepSeek releases upgraded AI model
Chinese artificial intelligence startup DeepSeek has launched an upgraded version of its AI model, DeepSeek-V3.1, featuring a hybrid inference structure designed to boost…
Global Exchanges Warn of Risks as Public Markets Continue to Shrink
The World Federation of Exchanges (WFE) has raised concerns over the continued decline of public markets, warning that the trend…
Nigerian Banks to Raise Extra N900bn in 2025 as Recapitalisation Deadline Nears
Nigerian banks are expected to raise an additional N900 billion in fresh capital by the end of 2025, as lenders race…
Google, Microsoft, TikTok Shut Down 13.5m Accounts in Nigeria Over Online Safety Violations
Big tech companies — Google, Microsoft, and TikTok — deactivated more than 13.5 million accounts in Nigeria in 2024 as part of…
Nigeria’s Corporate FX Inflows Surge to $1.2bn in July, Boosting Dollar Liquidity
Nigeria recorded a significant rise in foreign exchange (FX) inflows from corporates in July 2025, providing some relief to the…
Edun, Cardoso Vow Stronger Fiscal and Monetary Policy Alignment to Boost Nigeria’s Economy
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Governor of the Central Bank of…
Asian Markets Mixed as Japanese Exports Hit 4-Year Low, Investors Await Fed Rate Signals
Asian stock markets closed mixed on Wednesday as Japan reported its steepest drop in exports in more than four years,…
DMO to Re-Issue N230bn Treasury Bills as Yields Rise Amid Liquidity Shifts
The Debt Management Office (DMO) has announced plans to re-issue N230 billion worth of Nigerian Treasury Bills (NTBs) at the next primary…
Google Updates Play Store Rules After EU Pressure Under Digital Markets Act
Google has announced changes to its Google Play Store policies in response to mounting pressure from the European Union over…
Asia Markets Slide as Japan Exports Record Steepest Drop in Four Years
Asian stock markets closed mostly lower on Wednesday, mirroring Wall Street’s overnight declines as investors reacted to weak Japanese trade…
Tinubu Abolishes 5% Telecom Excise Duty to Reduce Subscriber Costs and Boost Digital Growth
President Bola Tinubu has officially abolished the five per cent excise duty on telecommunications services as part of Nigeria’s new…
Nigeria Content Creators to Explore AI at NEMCEA 2025 Summit in Lagos
Content creators in Nigeria are set to gain fresh insights into the power of artificial intelligence (AI) at this year’s…
Bitcoin Price Falls Below $113K as Inflation Worries and Tech Sell-Off Weigh on Markets
Bitcoin slipped under $113,000 in mid-week trading, pressured by profit-taking, U.S. inflation concerns, and a broader sell-off in tech stocks.…
European Stocks Slip as Tech Selloff and Inflation Concerns Pressure Markets
European share markets fell on Wednesday, weighed down by a global technology selloff and renewed worries over inflation. The pan-European…
How to Buy the Best Bank Stocks in Nigeria: Tier-1 vs Tier-2 Investment Opportunities on the NGX
Nigerian banks dominate the Nigerian Exchange (NGX) with a market capitalization of over ₦16.28 trillion, making them some of the most…
CBN Unveils Digital Finance Roadmap to Boost Financial Inclusion and Economic Growth in Nigeria
The Central Bank of Nigeria (CBN) has intensified efforts to drive financial inclusion through a comprehensive digital finance strategy aimed…
Ghana Finance Ministry Completes GH¢9.7bn Coupon Payment Under Domestic Debt Exchange Programme
The Ministry of Finance has announced the successful completion of a GH¢9.7 billion coupon payment under the Domestic Debt Exchange…
Nigeria, California Strengthen Investment Ties in Film, Technology, and Renewable Energy
Nigeria has taken another step toward boosting foreign direct investment (FDI) as a California-Africa Climate and Economic Partnership delegation engaged…
Nigeria’s N341tn Oil Reserves Locked in Undeveloped Fields Amid Rising Debt – Report
Nigeria is sitting on over 3.5 billion barrels of undeveloped oil and condensate reserves, valued at approximately N341 trillion, according to a…
European Stocks Edge Higher as Oil Prices Fall on Ukraine Peace Hopes
European shares opened higher on Tuesday while oil prices retreated, as investors weighed fresh diplomatic efforts aimed at ending the…