Ghana is on track to exit the International Monetary Fund’s (IMF) US$3 billion Extended Credit Facility (ECF) programme ahead of schedule, following strong economic recovery and improved fiscal performance, according …
Finance
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AfricaEconomyFinanceGhanaMonetary Policy
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EconomyFinanceGOVERNMENTNigeriaOil & GasTransparency
FG Extends NNPCL Revenue Probe to December 2024 Over $42bn Under-Remittance Allegation
The Federal Government has extended its ongoing probe and reconciliation of payments made by major revenue-generating agencies, including the Nigerian National Petroleum Company Limited (NNPCL), to December 2024, following unresolved …
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AgricultureBusinessEconomyFinanceNigeriaStock Market
Okomu Oil Reports N60.3bn Profit in Nine Months
Okomu Oil Palm Company Plc has recorded a strong financial performance for the nine months ended September 2025, posting a profit after tax of N60.33 billion, representing a 113 per …
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BankingDevelopmentEconomyFinanceINVESTMENTMonetary PolicyNigeria
CBN to Offer N650bn Treasury Bills at October 22 Auction
The Central Bank of Nigeria (CBN) has announced plans to conduct another round of Treasury Bills (T-Bills) auction on Wednesday, October 22, 2025, with a total of N650 billion worth …
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BusinessCapital MarketEconomyEmploymentFinanceSMEs
FG to List 1,000 SMEs on Capital Market to Boost Growth and Job Creation
The Federal Government has announced plans to list at least 1,000 Small and Medium Enterprises (SMEs) on the Nigerian capital market as part of efforts to expand access to long-term …
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BusinessCapital MarketEconomyEnergyFinanceNigeriaOil & Gas
Eterna Plc Shares Rebound 21% in October as Investors Regain Confidence
Eterna Plc, a Nigerian oil and gas company, has recorded a strong comeback on the Nigerian Exchange (NGX), gaining over 21% so far in October 2025 after months of losses. …
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BankingCapital MarketEconomyFinanceINVESTMENT
Wema Bank Strengthens Capital Base with Fully Subscribed N50 Billion Special Placement
Wema Bank Plc has announced the successful completion of the second tranche of its N50 billion Special Placement, which was fully subscribed by investors. The achievement further strengthens the bank’s …
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Capital MarketEconomyFinanceGOVERNMENTINVESTMENT
FG, Corporates Raise N3.4 Trillion on NGX in Eight Months
The Federal Government of Nigeria (FGN) and some corporate organisations have raised more than N3.4 trillion through the Nigerian Exchange (NGX) between January and August 2025. This was disclosed in …
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AfricaBankingBusinessEconomyFinanceINVESTMENT
Zenith Bank Plans Major Expansion into Côte d’Ivoire and Francophone Africa After N614.65bn Capital Raise
Zenith Bank Plc has announced plans to expand its operations into Côte d’Ivoire and eight other Francophone African countries, marking a major step in its goal to become a leading …
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AwardsBankingBusinessFinanceINVESTMENTTechnology
CardinalStone Group Shines at 2025 BAFI Awards with Dual Wins
CardinalStone Group has won two major awards at the 2025 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, further solidifying its reputation as one of Nigeria’s most innovative and trusted …