Lagos, July 18, 2025 — A landmark transaction on the Nigerian capital market has brought an end to the prolonged leadership tussle at Nigeria’s oldest financial institution, signaling a new era of stability for the iconic bank. The resolution followed the acquisition of a significant equity stake by a consortium of domestic investors, who brokered
Abuja, July 18, 2025 — Nigeria’s recent decline in inflation has created room for the Central Bank of Nigeria (CBN) to consider a more cautious approach to monetary policy easing, analysts have observed. The National Bureau of Statistics (NBS) on Wednesday reported that headline inflation dropped to 22.22% in June 2025, marking a second consecutive
The management of Dangote Petroleum Refinery and Petrochemicals has announced the immediate suspension of its discounted fuel pricing scheme following revelations of widespread abuse and diversion of products by some affiliated marketers and strategic partners. In an internal investigation carried out by the refinery, it was discovered that several marketers who were granted access to
Lagos, July 18, 2025 — The Plantation Owners Forum of Nigeria (POFON) has assured Nigerians that the price of palm oil is expected to remain stable throughout the year, amid concerns over food inflation and rising agricultural costs. Speaking on Thursday, representatives of the forum attributed the anticipated price stability to improved cultivation practices, enhanced
Lagos, July 19, 2025 — The Manufacturers Association of Nigeria (MAN) has emphasised the urgent need for the country to focus on developing and adopting local manufacturing technologies to reduce its heavy reliance on imported machinery and foreign innovations. Speaking in Lagos, the leadership of MAN stressed that strengthening indigenous technology will not only boost
Lagos, July 18, 2025 — The Nigerian stock market witnessed a major rally on Thursday, with the market capitalisation crossing the N82 trillion threshold for the first time, buoyed by significant gains in heavyweight equities, led by Dangote Cement Plc, BUA Cement Plc, and 28 other companies. According to data from the Nigerian Exchange Limited
Lagos, July 18, 2025 — The Ports Terminal Multi-services Limited (PTML) Command of the Nigeria Customs Service (NCS) has announced a significant revenue surge for the second quarter of 2025, recording a total collection of N204.73 billion, marking a 34.1% increase compared to the same period in 2024. This development was confirmed by the Customs
Lagos, July 18, 2025 — Nigeria’s stock market witnessed a significant upswing on Thursday as the All-Share Index (ASI) soared past the historic 130,000 mark, fueled by impressive gains in three major cement firms and financial services holding company, FIRSTHOLDCO. The bullish momentum was primarily driven by renewed investor confidence in the industrial and financial
Accra, July 18, 2025 — The Bank of Ghana is expected to announce a major interest rate cut this week, following a surprise decision to bring forward its monetary policy meeting. This move comes on the heels of a significant drop in inflation, strengthening calls for monetary easing to support economic growth. Economic analysts predict
ABUJA, Nigeria – July 17, 2025 — The Central Bank of Nigeria (CBN) has officially issued a notice for the 301st meeting of the Monetary Policy Committee (MPC), scheduled to hold in Abuja. The meeting, which plays a crucial role in setting Nigeria’s economic and financial direction, is expected to convene key members of the
