Tinubu to Unveil Energy Initiative in Tanzania
President Bola Ahmed Tinubu has announced a transformative energy initiative at the Mission 300 Africa Energy Summit in Tanzania, reaffirming Nigeria’s commitment to energy security, affordability, and sustainability. The initiative…
CBN targets transparent FX market with new compliance guideline
The Central Bank of Nigeria has asked those involved in foreign exchange transactions to submit documents that comply with Nigeria’s foreign exchange regulations by January 31, 2025.The guidelines are part…
Marketers opt for imported fuel as landing cost reduces
The landing cost of Premium Motor Spirit (PMS) has decreased to ₦922.65 per litre, sparking a significant shift in Nigeria’s downstream oil market. This figure, a reduction of ₦32.35 from…
Nigeria’s trade volume with China exceeded $20 billion in 2024
Trading activities between Nigeria and China exceeded $20 billion in 2024, indicating a thriving business climate and growing economic ties between both countries. The Chinese Ambassador to Nigeria, Yu Dunhai…
PMI hits 51.0 in December 2024 after months of economic contraction
Nigeria's Purchasing Managers' Index (PMI) for December 2024 increased to 51.0 index points, indicating a resurgence in economic activities following two months of decline.This progress reflects a steady recovery path…
Mauritania, Senegal begin production at new GTA gas project
The Grand Tortue Ahmeyim (GTA) gas project, a joint venture between Senegal and Mauritania, has began gas production.Officially launched by British Petroleum (BP) in January 2025, the project represents a…
SEC warns against investing in Risevest and Stecs
The Securities and Exchange Commission (SEC) of Nigeria has issued a warning to Nigerians against investing in Risevest (Victoria Island) Cooperative Multipurpose Society Limited and Stecs (Alausa) Multipurpose Cooperative Society,…
Kenyan government accuses cement manufacturers of illegal gypsum mining
The Ministry of Mines has condemned illegal gypsum mining in the country and accused cement companies of buying the essential mineral from unlicensed sources.In a meeting with cement companies, Mining…
Emerging economies face potential capital flow crisis amid Trump policies – JP Morgan
JP Morgan has issued a warning about the risk of a "sudden stop" in capital flows to emerging markets, including Nigeria, as former U.S. President Donald Trump’s ‘America First’ policies…
CBN targets transparent foreign exchange market with new FX code
The Central Bank of Nigeria, CBN, has approved the release of a new FX code aimed at boosting ethical conduct and ensuring a more transparent foreign exchange market. The code…
