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African Currencies Under New Strains as Naira Forecast to Weaken in 2025

Nigeria, May 30 -- A fresh wave of currency devaluation will hit big African economies in 2025 as Nigeria's naira is projected to decline by at least six percent against the US dollar. The finding, i... Read More


Sidi Ould Tah Nominated AfDB President, Pledges Dynamic Reforms and Greater Role

Nigeria, May 30 -- The African Development Bank (AfDB) is entering the future with a new generation of leadership as it selects its incoming president, Dr Sidi Ould Tah. The veteran Mauritanian-born ... Read More


Shell Boosts Offshore Assets with $510 Million Bonga Field Deal

Nigeria, May 30 -- Shell Nigeria Exploration and Production Company Limited (SNEPCo) took a giant stride towards cementing its hold on Nigeria's deepwater oil sector with the $510 million high-cost ac... Read More


Nigerian Shares Maintain Bull Run on Over N170 Billion Market Cap Gains

Nigeria, May 29 -- The Nigerian stock market maintained its upward trend as proprietors led a fresh rally that raised the total market capitalization by N177 billion. The growth indicates heightened ... Read More


Nigeria's Sovereign Sukuk Receives Historic N2.2 Trillion of Subscriptions

Nigeria, May 29 -- Nigeria's capital market had a spectacular display of investor appetite after the recent listing of the Sovereign Sukuk by the Debt Management Office. N300 billion Series VII Ijara... Read More


Airtel, NAHCO Lead NGX Bull Run as Market Hits Historic N70 Trillion High

Nigeria, May 28 -- Nigerian Exchange (NGX) had a bull run this week, with the total market capitalisation crossing the N70 trillion barrier. The All-Share Index (ASI) increased by 1,721.29 points, or... Read More


Nigeria to Borrow $21.5 Billion from Global Partners for National Development

Nigeria, May 28 -- The Federal Government of Nigeria has laid out its schedule for an external loan of $21.5 billion as it moves to stimulate nationwide growth and fill its humongous infrastructural d... Read More


MTN Named Africa's Most Admired Brand, Joins Hall of Fame

Nigeria, May 28 -- For the second time, MTN Group has set a pace in the African telecom and business community by joining the recently introduced Brand Africa Hall of Fame. This acknowledges MTN's fa... Read More


CBEX Crypto Scam: Suspects on the Run as EFCC Recovers Part of Trillions Lost

Nigeria, May 27 -- The Economic and Financial Crimes Commission (EFCC) recovered some of the money linked to the collapsed Crypto Bridge Exchange (CBEX) online Ponzi scheme virtual investment that col... Read More


Airtel Blocks 9.6 Million Spam Messages with AI in 2 Months, Leading Nigeria's Fight Against SMS Fraud

Nigeria, May 27 -- Airtel Nigeria has further protected its subscribers from recent surges in fraudulent SMS messages by embracing a cutting-edge artificial intelligence (AI) solution that blocked ove... Read More