Author: Chimaobi Agwu

Afrilabs invite you to celebrate Women’s History Month through the RevUp Women Initiative Business Showcase event, themed “Rev UP Women:

The Nigerian stock market nudged slightly higher, as the benchmark index up 0.05% to settle at 104,056.21 points. Renewed investors interest in FBNH (+4.32%), alongside

The Nigerian stock market NGX All-Share Index rose by 0.47% to reach 104,007.36 points on Wednesday. Strong interest in telecom

The Nigerian stock market continued its upward trend from last week with the all share index closing 0.70% higher at

PalmPay, the Africa-focused fintech platform, has recently introduced two new financial products—Unlimited Free Transfer and Target Savings – to promote

The Q3 labor force survey, released by the National Bureau of Statistics (NBS), indicates that the unemployment rate in Q3

The Money and Credit Statistics from the Central Bank of Nigeria (CBN) show that Money Supply (M3) surged to N93.72

In the recent Consumer Price Index (CPI) and Inflation report, the National Bureau of Statistics (NBS) disclosed that Nigeria’s inflation

Opening the week, the Nigerian stock market nudged slightly lower, outturning the gains from the previous session, bringing the All-Share Index down

The Special Adviser Information and Strategy, Bayo Onanuga, has released the list of federal government agencies that will be scrapped

The NGX stock exchange experienced a decline in its benchmark All Share index resulting in a loss of 0.33% and

On January 24, 2024, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a proposal to invest

The UK has entered into a partnership with Nigeria to enhance trade and investment opportunities for businesses in both countries.

The Nigerian Communications Commission (NCC) has recently released its latest telecommunications statistical indicators, revealing a significant increase in active voice

The NGX stock exchange started the week with a gain of 0.18% to close higher at 102,042.32 points. As a

Between October and December 2023, there was a significant increase in measles hospitalizations to Médecins Sans Frontières (MSF) facilities in

The wait is over! Fanta reveals Apple Pie as the much-anticipated mystery flavour of the #WhatTheFanta campaign 2023, leaving everyone surprised

This surge in mobile money operators transactions and electronic payments in Nigeria reflects the growing adoption and reliance on digital

The NGX All-Share Index declined by 0.86% to close at 101,227.42 points today. The market was weighed down by continued

Verto cordially invites you to an exclusive fireside chat at the prestigious Intercontinental Hotel Lagos. Join us as we unveil

The Federation Account Allocation Committee (FAAC) distributed a gross monthly amount of N1.1trn in January ’24, an increase of 4.6%

The Nigerian stock exchange experienced further decline today resulting in a decrease of 1.50% in the All-Share Index, which closed

The Nigerian stock market witnessed a 0.73% decline today to settle at 103,659.81 points. This decline was mainly due to

The winning streak of the Nigerian stock market came to an end today, as the NGX All-Share Index experienced a

The Naira’s decline in value continued at the parallel market, with the United States Dollar exchanging for N1506/$ on Monday,

The Nigerian stock market benchmark index started the week strong, closing 2.22% higher at 104,674.67 points. As a result, market

The Central Bank of Nigeria (CBN) has taken decisive action to tackle the backlog of verified foreign exchange transactions by

The Nigerian stock market continued its positive market performance on Tuesday as the All Share Index gained 2.97% to close

The Nigerian stock market started the week with gains as the benchmark index closed 1.30% higher at 95,768.12 points. As

The week ended well for the Nigerian stock exchange as the All-Share index increased by 2.87% to close at 94,538.12

The Nigerian stock market today hit an all time high of 90,063.27 as the NGX All-Share Index gained 2.38%. As

Black Rock is making a significant move in the world of infrastructure investment by acquiring Global Infrastructure Partners (GIP) for

President Bola Tinubu has expressed his full support and endorsement for the appointment of eleven new Chief Executive Officers (CEOs)

The Nigerian stock market ended the week on a high note with the All-Share index gaining 0.54% to close at

President Bola Ahmed Tinubu, GCFR, has taken decisive action by suspending all ongoing programmes administered by the National Social Investment

The Nigerian stock market today witnessed a gain of 0.70% to closed at 82,597.04 points. As a result, the market

The Debt Management Office (DMO) of Nigeria recently released the latest data on Nigeria’s debt, revealing that the country’s total

According to the latest data from the National Bureau of Statistics (NBS), Nigeria experienced a significant decline in capital importation

The Board and Management of Union Bank, Keystone Bank, and Polaris Bank have been dissolved by the Central Bank of

President Bola Tinubu has given his approval for the appointment of the following nine (9) qualified Nigerians to serve on

The Nigerian stock market NGX All-Share Index lost 1.40% to close at 82,024.38 points on Wednesday. As a result, the

Parallel Wireless, a player in Open RAN technology, has partnered with Hotspot Network Ltd, a Network-as-a-Service (NaaS) provider, to extend

President Bola Tinubu has issued a directive to significantly reduce the number of travel delegations for all official trips by

Mr Toke Alex-Ibru has been appointed as the new Chief Executive Officer (CEO) of The Guardian (https://Guardian.ng) as part of

The Nigerian stock market continued its winning streak for the sixth consecutive session, pushing the benchmark index up by 3.57%

Meta recently unveiled its ‘2023 Africa Year in Review’ report, showcasing its significant investments and achievements throughout Sub-Saharan Africa in

The Nigerian stock market started the week with a gain of 0.83% as the All Share Index closed at 80,324.53

The NUC has recently uncovered 58 illegal universities and satellite campuses operating in Nigeria. It is important to note that

Today, the bullish sentiment continued on the Nigerian stock market as the All-Share Index rose by 2.04% to close at

The Central Bank of Nigeria has recently announced a new directive regarding cash withdrawals from crypto accounts held with banks

The Nigeria Labour Force statistics report, released by the National Bureau of Statistics (NBS), reveals that the unemployment rate in

The World Bank’s latest Nigeria Development Update has revealed some concerning statistics. Over the span of five years, from 2018

On the last day of trading for the year, the bulls continued to dominate the market, resulting in a positive

The latest national accounts for Q3 ’23 reveal that Nigeria’s air transport sector experienced a growth rate of 4.37% year-on-year,

According to the Debt Management Office (DMO) of Nigeria, the country’s total public debt saw a slight increase of 0.6%

The Corporate Affairs Commission (CAC) in a public notice dated December 28 has granted an extension until April 15, 2024,

The Nigerian stock market experienced a strong rebound today, recovering from the losses incurred during Wednesday’s trading session. The NGX

investors in the Nigerian stock market continued to reap gains as the All-Share Index rose by 0.22% on Thursday to

Food prices rose dramatically in October 2023, according to the National Bureau of Statistics’ (NBS) Selected Food Price Watch. In

The Nigerian stock market performed well on Wednesday as the All-Share Index further rose by 0.55% to close at 72,299.26

President Bola Tinubu emphasized his administration’s dedication to enhancing Nigeria’s health sector through substantial investments and increased funding in the

The All-Share Index of the Nigerian stock market gained 0.33% on Tuesday to closed at 71,907.26 points. As a result,

Through a circular dated December 5, 2023, the Nigerian Interbank Settlement System (NIBSS) has directed banks to remove non deposit

In a circular dated December 11 and addressed to all banks, other financial institutions and non bank financial institutions, the

The Central Bank of Nigeria (CBN) has been aware of claims in some media outlets indicating that certain commercial banks

The Nigerian stock market started the week well gaining 0.18% as the All-Share Index closed at 71,669.91 points. As a

In Imo State, Nigeria, the first comprehensive private sector Emergency Acute Stroke and Rapid Evaluation Center has opened, marking a

The third quarter of 2023 saw real GDP growth of 2.54% (year over year) according to the National Bureau of

Africa is expected to develop at one of the quickest rates in the world in 2024, despite rising food and

The Nigerian stock market continued to rise today for the second straight session, with the All-Share Index gaining 0.78% to

MTN’s sales reps can access real-time insights on the best packages for each customer’s unique demands and location thanks to

President Bola Tinubu says that by launching a ground-breaking project to install a fleet of 100 electric buses, Nigeria is

The Nigerian stock market bounced back from Monday losses to gain 0.43% as the All-share Index closed at 71,250.17 points.

Nigeria is among the countries with the fastest-rising entertainment and media markets in the world, with an annual revenue growth

Nigeria’s headline inflation rate rose to 27.33% in October 2023 from 26.72% in August 2023 and 21.09% in October 2022,

The World Economic Outlook Database (October 2023) published by the International Monetary Fund (IMF) projects that Nigeria’s total exports as

Stock market investors heaved a sigh of relief as the Nigerian stock market recovered from the losses of Tuesday to

The Nigerian stock market NGX All-Share Index (ASI) dropped 0.44% to close at 71,041.05 points. Consequently, the market capitalization dropped

Tata International and the Lagos Free Zone (LFZ) have formed a strategic collaboration that would enable the company to grow

For the nine months ending September 30, 2023, FCMB) (“FCMB Group”) publishes its Unaudited Group Results, which include audited Nigerian

4,000,000,000 Ordinary Shares of 50 Kobo each, priced at N2.96 a share, have been listed by Mecure Industries Plc on

The Nigerian stock market began the week with a 0.17% gain leading to the All-Share Index closing the day at

The successful deployment of Phoenix, Africa’s first 400G optical transponder solution, has been announced by MTN Group and NEC XON.

The World Economic Outlook October Edition report from the International Monetary Fund (IMF) projects that Nigeria’s real GDP growth would

Following the recently completed selection process by the Office of the Head of the Civil Service of the Federation, President

President Bola Ahmed Tinubu has approved the appointment of Dr. Shamsudeen Usman as Board Chairman and nine other eminent Nigerians

President Bola Tinubu has approved the appointment of two eligible Nigerians to the Nigeria Customs Service (NCS) Board of Directors

The Nigeria Stock market closed the week on a high note, with the All-Share index rising by 0.25% to close

Investors on the Nigerian stock market gained on Thursday as the All-Share Index increased by 0.07% to settle at 71,052.85

The Governor, Central Bank of Nigeria, Mr. Olayemi Cardoso, will present the CBN’s Monetary Policy Thrust and Economic Outlook for

With the signing of a Memorandum of Understanding, Z Capital Group, ZCG, a private markets asset manager, and the Nigeria

A USD 50 million line of credit has been agreed between the ECOWAS Bank for Investment and Development (EBID) and

Debt service payments on both domestic and foreign loans totaled ₦1,317.08 billion in the first quarter of 2023, according to

On November 2, 2023, the Nigerian Senate and House of Representatives passed the N2.18 trillion supplementary budget. Eleven Ministries, Departments,

Unity Bank Plc and Cashtoken have launched a collaboration to introduce a patronage reward program that promises millions of Naira

Interswitch Group, Africa’s integrated payments and digital commerce company, and ACI Worldwide, a global player in mission-critical, real-time payments software,

In an effort to increase the number of UPI cards issued in Nigeria, Funds & Electronic Transfer Solutions Limited (Fets)

The Nigerian stock market All-Share Index rose by 0.07% today to close at 70,819.58 points, up 0.07%. Consequently, the market

The President, Bola Ahmed Tinubu has approved the appointment of twenty Nigerians to serve as Federal Commissioners in the National

The Federal Government is about to finalize plans to sign a memorandum of understanding (MoU) with Algeria for a direct

Nigerian stock market continued its gains as the All-Share Index rose by 0.23% on Wednesday to close at 70,773.31 points.