Nigeria’s credit to the private sector has reached a historic high of ₦75.96 trillion, reflecting the Central Bank of Nigeria’s (CBN) success in implementing policy measures designed to stimulate economic…
The spot price of Nigeria’s benchmark crude oil has remained steady at $75.44 per barrel, a crucial lifeline for an economy heavily reliant on oil revenues. In the face of…
Nigeria’s foreign reserves and foreign exchange (FX) stability face mounting pressure in 2025 as soaring US Treasury yields and a strengthening dollar divert global capital flows toward the United States.…
NGX All-Share Index (ASI) Overview The NGX All-Share Index (ASI) closed at 105,367.25, reflecting a slight decline of -0.08% from the previous day. This small movement underscores a market that…
In October 2024, the International Finance Corporation (IFC), a member of the World Bank Group, and the Central Bank of Nigeria (CBN) joined forces to boost local currency financing for…
Nigeria is intensifying its efforts to exit the Financial Action Task Force (FATF) grey list by May 2025, signaling a commitment to addressing deficiencies in its anti-money laundering (AML) and…
The Nigerian insurance industry represents an underexplored investment frontier within the nation’s broader financial ecosystem. Despite its low penetration rate—below 1% of GDP—the sector holds immense potential for growth, spurred…
Airtel Africa, one of the continent’s largest telecommunications providers, faces a precarious financial landscape as it enters 2025. Despite achieving commendable growth in subscriber numbers and mobile money services, the…
Ghana has taken a significant step towards enhancing intra-African trade by joining the African Continental Free Trade Area (AfCFTA) Digital Platform. This initiative aims to streamline trade processes, reduce barriers,…
South Africa’s mining sector has rebounded strongly, recording a 7% growth in output year-on-year as of December 2024. The recovery has been primarily driven by a surge in global demand…