Presco Plc, one of Nigeria’s major palm oil producers, has reported strong financial results for the first quarter of 2025, showing significant growth across key performance areas. The company’s unaudited …
Western Africa
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SEC Warns Nigerians Against Investing in Unregistered Crypto Platform, Tofro.com
The Securities and Exchange Commission (SEC) has issued a public warning against an online cryptocurrency trading platform, Tofro.com, labelling it as unregistered and potentially fraudulent. The commission described the platform’s …
- BusinessBusiness and EconomyBusiness InsightsEconomyEnergyInfrastructureMarketsNigeriaOil & GasTrade and CommerceWestern Africa
Petrol Landing Cost Hits N870 as Dangote Refinery Price Pressures Fuel Importers
The landing cost of Premium Motor Spirit, popularly known as petrol, has now risen to an average of N870 per litre, according to data from the Major Energies Marketers Association …
- AfricaBusinessEconomyFEATURED NEWSInfrastructureNigeriaReal EstateWestern Africa
Meritabode Unveils Emerald Haven Estate to Tackle Nigeria’s Housing Deficit
Meritabode Nigeria Limited, a top real estate company in the country, has launched a new estate project named Emerald Haven Estate to help reduce Nigeria’s growing housing deficit. Speaking at …
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Nigerian Fashion Industry Attracts Global Attention As Local Production Rises
Stakeholders in the fashion sector say Nigeria is on the verge of a major fashion industry boom, as global investors and designers begin to show serious interest in the country’s …
- BusinessDevelopmentEconomyFinance & ServicesGOVERNMENTNigeriaWestern Africa
CBN Says Strong Banks Are Key to Nigeria’s $1 Trillion Economy Target
The Central Bank of Nigeria (CBN) has said that Nigeria needs strong, stable, and resilient banks if the country wants to achieve the $1 trillion economy target by the year …
- AfricaAFRICA NEWSBusinessEnergyINVESTMENTNigeriaWestern Africa
Over $5bn Invested in Gas Sector Within One Year – NGA President
The President of the Nigerian Gas Association (NGA), Mr. Akachukwu Nwokedi, has revealed that more than $5 billion has been pumped into Nigeria’s gas sector in the last one year. …
- BusinessEconomyFinance & ServicesNigeriaWestern Africa
Inflation Hits 24.23% in March, Says National Bureau of Statistics
The National Bureau of Statistics (NBS) has announced a rise in Nigeria’s inflation rate to 24.23% for March 2025. This figure shows an increase from the 23.18% recorded in February …
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SEC Warns Celebrities, Influencers Over Promotion of Meme Coins, Illegal Crypto Platforms
ABUJA — The Securities and Exchange Commission (SEC) has cautioned Nigerian celebrities and social media influencers against promoting digital asset platforms and meme coins that are not registered or licensed. …
- BusinessCrimeCyber securityFinance & ServicesKenyaNigeriaTechnologyWestern Africa
CBEX Crash: $800 Million Crypto Scam Rocks Nigeria and Kenya
A digital asset platform called CBEX has collapsed, leaving thousands of Nigerians and Kenyans in shock after losing over $800 million in what investigators describe as a well-planned Ponzi scheme. …