nigeria

Oil prices fell over one per cent today after eight OPEC+ countries agreed to accelerate oil production for a second consecutive month to 411,000 barrels per day in June, raising total combined hike for April, May and June to 960,000 barrels per day.

Oil prices fall after OPEC+ output hike

As more first quarter results from listed banks trickle in, analysts at Cordros Securities believe profit-taking in bank stocks may persist as investors adjust their expectations.

Will profit-taking in Nigerian banks persist?

Nigeria’s non-oil export sector recorded a 24.75 per cent increase in the first quarter of 2025, with cocoa Beans accounting for 45 per cent of total non-oil exports. 

Cocoa price surge: How can Nigeria cash in?

Fitch says despite the introduction of US tariffs, it maintains a 4.2 per cent economic growth forecast for Ghana this year, noting that the adverse impact from global trade tensions will be offset by the rise in gold prices. 

GSS: Ghana aims to rebase GDP every 5 years 

Nigeria's Federal Competition and Consumer Protection Commission says the fine issues to tech giant Meta were as a result of thorough investigations conducted between May 2021 and December 2023. 

Are African regulators equipped to hold big tech accountable? 

CEO of MTN Nigeria, Karl Toriola believes the free flow of FX in the economy, subsidy removal and the tax reform bill are catalytic to the telecom business as it aims to achieve a minimum of 45 per cent growth in service revenue in 2025. 

MTNN targets 45% quarterly revenue growth in FY'25 

MTN Nigeria expects the full effect of the 50 per cent tariff increase to reflect in its second quarter earnings due to the delay in implementation. 

MTN Nigeria: 50% telecom tariff hike to reflect in Q2'25 results

The CEO of MTN Group, Ralph Mupita says the telecommunications company is earmarking about $2 billion in capital expenditure with about 90 per cent of the investment going into building wireless networks across sub-Saharan Africa this year. 

Mupita: MTN plans $2bn capital expenditure for SSA network infrastructure in 2025

The Nigeria Labour Congress is calling for a stronger implementation of the 70,000 naira minimum wage, acceleration of the Compressed Natural Gas Transport system.

Nigeria labour insists on ₦70,000 minimum wage, CNG transport & student loan initiatives

Zenith Bank's Group Managing Director and CEO, Adaora Umeoji says the bank is under no pressure to raise more money highlighting the bank has a 160 per cent capital adequacy ratio and 560 billion naira subscription on its books. 

Umeoji: Zenith Bank under no pressure to raise additional capital

With effect from Thursday May the first, Ghana says any individual or entity found trading gold without a GoldBod-issued license will face legal action.

Will GoldBod be Ghana's economic game changer?

United Capital has seen its profit after tax in the first quarter of 2025 grow by 64 per cent to 5.9 billion naira driven by the 113 per cent growth in gross earning. Net Operating Income saw a 188 per cent growth to 12.37 billion naira in Q1 2025. 

NIGERIA