Millions of mobile phone users in Nigeria are currently unable to register new SIM cards or carry out SIM-related services such as SIM swaps and replacements. This follows a major …
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Nigeria’s Money Supply Falls Again in May as CBN Tightens Liquidity to Tame Inflation
Nigeria’s total money supply dropped again in May 2025, marking the second decline this year, according to new data released by the Central Bank of Nigeria (CBN). The figure for …
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EconomyFinance & ServicesGOVERNMENTMarketsNigeriaPolicies
FG Spends ₦611.71bn in One Month Servicing Domestic Dollar Bond
The Federal Government of Nigeria spent a staggering ₦611.71 billion in March 2025 to service its first-ever dollar-denominated bond issued within the domestic market, making it the single largest item …
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EconomyEnergyGOVERNMENTInfrastructureNigeriaOil & GasPolicies
NNPC Records 14% Profit Increase in May as Oil Production Improves
The Nigerian National Petroleum Company Limited (NNPC) has announced a strong 14 percent rise in its after-tax profit for the month of May 2025, reaching ₦1.054 trillion. This marks a …
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Cyber securityDigital EconomyFinance & ServicesPolicies
Kenya Records 201.7% Jump in Cyber Threats as ICT Sector Expands Rapidly
Kenya has witnessed a sharp rise in cyberattacks in the first quarter of 2025, with experts raising fresh concerns over the country’s growing vulnerability in the digital space. The Communications …
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The Federal Government has introduced a major plan to change the Value-Added Tax (VAT) system in Nigeria. This new reform is aimed at giving states more control over VAT revenue …
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Tinubu Push for End to Raw Exports as Nigeria Eyes Industrial Growth
Nigeria, Africa’s largest economy and most populous country, continues to export a large share of its mineral and agricultural resources in raw form despite having the potential to transform its …
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EnvironmentHealthcareInfrastructureNigeriaPolicies
Nigeria Moves to Protect Coastal Areas with New Policy as Flooding Worsens
The Federal Government has taken steps to address the growing threats of flooding, erosion, and environmental degradation in Nigeria’s coastal regions through the development of a new Integrated Coastal Zone …
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Tinubu Suspends Controversial Financial Reporting Council Levy on Private Companies
President Bola Ahmed Tinubu has ordered a temporary suspension of the implementation of the controversial Financial Reporting Council (Amendment) Act 2023, which introduced new annual regulatory dues on large private …
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70% of Nigerians Lack Insurance Coverage, Brokers Raise Concern
About 70 per cent of Nigerians do not have any form of insurance coverage, according to the Nigerian Council of Registered Insurance Brokers (NCRIB). This figure was revealed by Ojo …