…warns of new economic shocks in sub-Saharan Africa The International Monetary Fund has called for transparency in Nigeria’s oil sector to ensure the gains from fuel subsidy removal are not lost to inefficiencies and opacity, but delivers more resources into government coffers and better livelihoods for citizens. While commending the …

Nigeria’s equities market value rose remarkably by N966billion in the four-day trading week ended Friday April 25. Analysts see the first-quarter (Q1) earnings season providing catalyst for continued investor engagement, with strong corporate performances driving buy-side interest from stock investors. Specifically, consumer goods, banking and insurance stocks pushed the market …

Foreign Exchange (FX) and Money Market (MM) transactions dominated secondary market activity, jointly accounting for 70.35 percent of the total secondary market turnover in March 2025. According to FMDQ Securities Exchange in its financial markets monthly report for March, the total secondary market turnover recorded on FMDQ Exchange in March …

The Competition and Consumer Protection Tribunal has upheld the $220 million fine levied against Meta Platforms Inc. by the Federal Competition and Consumer Protection Commission (FCCPC). In a statement released Friday, FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu, confirmed the ruling and noted that the tribunal also awarded the commission …

Gunmen have reportedly abducted 20 passengers traveling by boat along the Akwa Ibom–Cross River waterways. The boat, which was ferrying passengers from Oron in Akwa Ibom State to Cross River State, was attacked on April 18. Timfon John, the spokesperson for the Akwa Ibom police command, confirmed that the incident …

A coalition of civil society groups under the banner of the Coalition of Civil Society Organisations in Nigeria has described the recent protests and corruption allegations against the former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, as baseless and politically motivated. This comes amid …

A former presidential adviser and ex-member of the House of Representatives, Usman Bugaje, has accused the ruling All Progressives Congress of using financial inducements to orchestrate the defection of key figures from the opposition Peoples Democratic Party. Bugaje made the statement during a televised interview on Arise TV on Thursday. …

A federal High Court sitting in Lagos has ordered interim forfeiture of 73 properties, including 1,596 laptop computers recovered from 792 Chinese involved in cyber-terrorism and internet fraud arrested on December 10, 2024 in Lagos during a surprise operation tagged “Eagle Flush Operation” by operatives of the Economic and Financial …

The Africa Make Big Polluters Pay Coalition has wrapped up a two-day training for journalists across the continent on climate change reporting, with a call for sustained coverage of the climate crisis from an Afrocentric perspective. The coalition also renewed its call for just climate reparations for Africa and the …

…Tasks him to drive Investment and job creations in emerging economies The President and Chief Executive of the Dangote Group, Aliko Dangote, has been appointed to the World Bank’s Private Sector Investment Lab, joining a select group of global business leaders tasked with driving investment and job creation in emerging …