French Inflation Slows to 1.8% in December Falling Below Forecasts
According to preliminary data from INSEE, French inflation rose to 1.8% year-on-year in December, falling short of the anticipated 1.9%.…
Day: January 7, 2025
Dollar Declines as Markets Weigh Trump’s Tariff Proposals and U.S. Economic Data
The U.S. dollar edged close to a one-week low on January 7 as investors assessed the potential impact of President-elect…
Futures Flat Ahead of Economic Data and Trump Administration Plans
U.S. stock index futures were mostly unchanged as markets awaited important economic data releases and insights into the incoming Trump…
US Federal Reserve Regulator Resigns Citing Risk of Dispute
Michael Barr, the vice chair for supervision at the US Federal Reserve, announced his early resignation, citing the “risk of…
Concessional Borrowing Key to Addressing Nigeria’s Debt Challenges
Nigeria’s rising debt, projected to hit N187.79 trillion by the end of 2025, has raised alarm among economists and financial…
Nigerian Banks Borrow Record N131.42 Trillion From CBN Amid Tight Liquidity
In 2024, Nigerian Deposit Money Banks (DMBs) and merchant banks borrowed an unprecedented N131.42 trillion from the Central Bank of…
Microsoft To Invest $3 Billion In India
Microsoft CEO Satya Nadella announced a $3 billion investment aimed at enhancing the company’s artificial intelligence (AI) and Azure cloud…
African Tech Startups Raise $2.2B Despite Challenges
African tech startups, particularly in Nigeria, Kenya, and South Africa, secured $2.2 billion in funding in 2024 through equity, debt,…
Nigerian Telecom Subscribers Switch Networks in Pursuit of Quality Services
Over 60,000 Nigerian telecom subscribers switched networks between October 2023 and October 2024, according to the Nigerian Communications Commission’s (NCC)…
Foreign inflows soar by 63.7% to $3.82bn in 9 months
Nigeria has witnessed a robust 63.7% growth in foreign inflows through international money transfer operators (IMTOs), reaching $3.82 billion in…
NGX lists Nigerian Breweries’ 20.7bn ordinary shares
Nigerian Breweries Plc has officially listed 20.7 billion newly allotted ordinary shares on the Nigerian Exchange Limited (NGX). The announcement…
Mutual Funds Surge to N3.75trn as Start-up Investments Plunge
Nigerian investors have significantly increased their interest in Mutual Funds, with the total Net Asset Value (NAV) soaring by 80.3%…
Foreign Investors’ Participation in Nigerian Stock Market Declines
Foreign investors’ participation in the Nigerian stock market has waned, with outflows surpassing inflows by 12.2% year-to-date as of November…