Nigeria’s economy is poised for moderate growth in the coming years, the World Bank’s latest Global Economic Prospects report for Sub-Saharan Africa. The report projects the country’s Gross Domestic Product…
The Nigerian telecommunications sector is on the cusp of significant change following the government’s approval of a long-awaited tariff increase. This move, aimed at improving service quality and enabling operators…
The Nigerian Economic Summit Group (NESG) and Stanbic IBTC Bank have released their Business Confidence Monitor (BCM) report, projecting a gradual decline in Nigeria’s inflation rate to 27.1% by December…
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to a tight monetary policy stance as it continues to grapple with persistent inflationary pressures. In a bid to tame…
South African retail giant Pick n Pay has become the latest international company to exit Nigeria, underscoring the increasingly challenging business environment in the country. The company’s CEO, Sean Summers,…
Ghana’s economy has demonstrated a remarkable resilience, recording a robust growth rate of 6.9% year-on-year in the second quarter of 2024. This marks the fastest expansion in five years, providing…
The global oil market experienced a significant uptick on Wednesday following the US Federal Reserve’s announcement of an anticipated rate cut. Brent crude rose by 0.3 percent or 23 cents…
The Nigerian banking sector has witnessed a remarkable surge in digital transactions, with the value reaching N600 trillion in recent years. This significant growth is attributed to increased adoption of…
Oil prices climbed significantly on Monday, driven by concerns that a developing hurricane could disrupt production and refining operations along the US Gulf Coast. The threat of the storm, coupled…
The Central Bank of Nigeria (CBN) has released a new survey that paints a concerning picture of the financial struggles facing Nigerian households. According to the survey, a majority of…