Business & Economy

Capital markets, financial institutions, macroeconomic indicators, industry performance, trade, investment, enterprise, and regulatory actions.

Federal Authorities Reaffirm Commitment to Financial System Stability Amid Economic Adjustment

Posted on by Newsroom Operations
Federal Authorities Reaffirm Commitment to Financial System Stability Amid Economic Adjustment

The Federal Government and the Central Bank of Nigeria have reaffirmed their joint commitment to safeguarding financial system stability as the economy navigates ongoing structural adjustments. The position was restated during a high-level policy engagement involving fiscal authorities, financial institutions, and market stakeholders, where emphasis was placed on coordination, prudence, and institutional resilience. The Minister of Finance (State), Dr. Doris Uzoka-Anite described financial stability as the foundation upon which economic reform, investment confidence, and inclusive…

Read More

New Integrity Principles Seek to Unlock Green Finance in Africa’s Carbon Market

Posted on by Newsroom Operations
New Integrity Principles Seek to Unlock Green Finance in Africa’s Carbon Market

As global momentum behind carbon markets intensifies, the African continent is positioning itself to play a leading role — under a newly announced framework designed to ensure credibility, equity, and sustainable benefit for communities and economies.   Continent-wide push for high‑integrity carbon markets On July 31, 2025, the African Union Development Agency – NEPAD (AUDA‑NEPAD) unveiled a set of landmark “Integrity & Equity Principles for Carbon Markets” during a high-level dialogue in Nairobi. The initiative…

Read More

Nigeria Eyes Renewed Investment as Economy Shows Robust Growth

Posted on by Newsroom Operations
Nigeria Eyes Renewed Investment as Economy Shows Robust Growth

Nigeria’s recent recalibration of Gross Domestic Product (GDP) data has provided fresh momentum for investors and policymakers, as the updated numbers reveal a stronger, more diversified economy — and renewed opportunity for growth across sectors. According to the latest data from the National Bureau of Statistics (NBS), the base year for GDP calculation was shifted from 2010 to 2019, reflecting structural changes and the growth of emerging sectors. The recalibration increased the 2024 GDP estimate…

Read More

Shell to Lead Offshore Drilling in South Africa’s Block 2C

Posted on by Newsroom Operations
Shell to Lead Offshore Drilling in South Africa’s Block 2C

Pretoria, December 8, 2025 – South Africa’s legacy national oil company, PetroSA, has approved a landmark agreement granting Shell Offshore a 60 percent working interest in Block 2C, located off the country’s west coast in the promising Orange Basin. The deal marks a major shift in offshore exploration strategy and significantly expands Shell’s footprint in one of Africa’s hottest potential hydrocarbon regions. Under the farmin arrangement, Shell will pay a USD 25 million signing bonus…

Read More

Nigeria’s New Cash Withdrawal Caps Signal a Stronger Push Toward Cashless Economy

Posted on by Newsroom Operations
Nigeria’s New Cash Withdrawal Caps Signal a Stronger Push Toward Cashless Economy

Abuja — The Central Bank of Nigeria has introduced new cash withdrawal limits that will take effect on 1 January 2026, marking one of the most significant shifts in the nation’s cash management policy in recent years. The revised framework limits individual account holders to weekly cash withdrawals of up to six hundred thousand naira, while corporate organisations will be capped at five million naira per week. Withdrawals that exceed these thresholds will attract processing…

Read More
1 2 3 4