Nigeria’s inflation rate dropped slightly to 23.71 per cent in April 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). This …
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Fidelity Bank Rejoins N1tn Club as Investors Regain Confidence
Fidelity Bank Plc has returned to the elite group of Nigerian companies with a market capitalisation of over N1 trillion. This came after the bank’s share price rose by 5.3 …
- AgricultureBanking, Finance & InvestmentBusinessEconomyFinance & ServicesNigeria
AFEX, GTBank End N17.8 Billion Debt Battle in Court
AFEX Commodities Exchange Limited and Guaranty Trust Bank (GTBank) have finally settled their long-running legal battle over a debt of N17.8 billion. The two parties reached an agreement after months …
- Central AfricaEconomyGhanaPoliciesWestern Africa
Ghana’s Cedi Becomes West Africa’s Strongest Currency in 2025
Ghana’s national currency, the cedi, has made a strong comeback in 2025, emerging as the best-performing currency in West Africa and gaining recognition globally. This improvement in the cedi’s value …
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Nigerian Airlines Struggle to Compete in N8 Trillion International Market Due to Low Capacity
Nigerian airlines are currently missing out on a major opportunity to earn revenue from the international air travel market, which is estimated to be worth over N8 trillion. The main …
- AfricaDigital EconomyEconomySouth Africa
IMF Lowers Growth Forecasts for African Countries Amid Economic Challenges
The International Monetary Fund (IMF) has reduced its growth forecast for several African countries, warning that the continent’s economic progress may slow down if certain challenges are not addressed quickly. …
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EFCC Removes Elie Bitar from Wanted List Over CBEX Fraud After Fresh Findings
The Economic and Financial Crimes Commission (EFCC) has officially removed a foreign national, Elie Bitar, from its wanted list after previously linking him to a suspected fraud involving a platform …
- BusinessDevelopmentEconomyGOVERNMENTInternational RelationsINVESTMENTNigeriaPoliciesTrade and Commerce
UK Government Praises Tinubu’s Reforms, Says Nigeria Now Attracting More British Investors
The United Kingdom has expressed strong support for Nigeria’s economic direction under President Bola Ahmed Tinubu, saying that the reforms introduced by his government are building investor confidence and positioning …
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South African Rand Gains Slightly as Ramaphosa Confirms Meeting with U.S. President
The South African rand gained a bit of strength on Thursday morning, trading at 18.22 to the U.S. dollar around 6:22 a.m. GMT. This marks a 0.3% improvement from where …
- Banking, Finance & InvestmentBusiness InsightsDevelopmentEconomyGOVERNMENTNigeria
World Bank Faults FG’s Cash Transfer Scheme, Says Millions of Poor Nigerians Left Out
The World Bank has raised concerns over the Nigerian government’s Conditional Cash Transfer (CCT) programme, saying it has failed to reach millions of vulnerable citizens it was meant to support. …