AfCFTA and Quest Ghana have signed a $5.17bn joint venture to build digital trade infrastructure connecting African markets, payments and commodities. By GLEBM News Desk The African Continental Free Trade Area (AfCFTA) Secretariat and Ghanaian technology company Quest Ghana Limited have signed a joint venture agreement to establish a $5.17 billion AfCFTA Digital Trade Corridor,…
Uber has ended its 12-year Nigerian operations, highlighting rising costs, intense competition and growing challenges facing the country’s ride-hailing industry. By GLEBM News Desk Global ride-hailing company Uber has ended its operations in Nigeria after 12 years, bringing to a close one of the most prominent chapters in the country’s app-based transportation industry. The company…
By GLEBM News Desk Nigeria’s formal remittance inflows rose to a record $947 million in July 2026, bringing the country closer to the Central Bank of Nigeria’s target of attracting at least $1 billion monthly through official channels. The July figure, reported by several Nigerian business publications, represents the highest monthly inflow recorded through International…
By GLEBM News Desk The Nigerian equities market gained approximately N1.29 trillion in market capitalisation last week, supported by renewed buying interest in selected banking and oil and gas stocks. The reports has it that market capitalisation rose to N155.83 trillion, while the NGX All-Share Index increased by 0.81 per cent week-on-week to 241,298.47 points….
Nigeria’s oil marketers are adopting different debt strategies as stronger first-half profits compete with high interest rates and changing fuel demand. By GLEBM News Desk Nigeria’s listed oil marketing companies are taking sharply different approaches to managing debt and financing as improved earnings collide with high borrowing costs and changing demand in the downstream petroleum…
Nigeria’s Federal Government targets a $74 billion livestock economy by 2035, with plans to expand investment, processing, jobs, dairy production and food security. By GLEBM News Desk The Federal Government has set an ambitious target to increase the value of Nigeria’s livestock sector from about $32 billion to $74 billion by 2035, as it moves…
A new CBN survey says multiple taxation remains a major obstacle for Nigerian businesses, with firms citing overlapping levies, high financing costs and inflation as key constraints on growth. By GLEBM News Desk A new survey by the Central Bank of Nigeria (CBN) has identified multiple taxation as one of the biggest challenges facing businesses,…
Paystack has launched the Small Business Launchpad, a four-week programme designed to help Nigerian SMEs strengthen operations, improve cash flow management and accelerate business growth through practical training and expert mentorship. By GLEBM News Desk Paystack has introduced a new business development initiative aimed at equipping Nigerian small and medium-sized enterprises (SMEs) with practical skills…
Nigeria imported $602 million worth of vehicles and automotive parts from the United States between January and May 2026, reflecting rising demand despite economic and foreign exchange challenges. By GLEBM News Desk Nigeria’s imports of motor vehicles and automotive parts from the United States climbed sharply during the first five months of 2026, highlighting sustained…
NNPC Limited recorded a ₦535 billion profit after tax in June 2026 as monthly revenue rose to ₦4.39 trillion, reflecting stronger operational performance and improved financial results. By GLEBM News Desk The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a Profit After Tax (PAT) of ₦535 billion for June 2026, marking a 15.8…
