Guinea Insurance Targets N1.75bn Gross Premium Written in Q1 2025
Guinea Insurance has projected a gross premium written (GPW) of N1.75 billion for the first quarter of 2025, according to…
Day: January 9, 2025
Inflation and Naira Stabilisation Expected in 2025
In 2025, experts forecast that inflation in Nigeria may begin to moderate, offering a potential easing cycle for the economy.…
Investors Pick Kenya Over Nigeria As Startup Funding Falls To $2.2bn
In 2024, Kenya emerged as the top destination for startup funding in Africa, surpassing Nigeria for the second consecutive year.…
European Stocks Edge Higher as Mining Gains Offset Retail Losses
European stocks regained stability on Thursday, as the STOXX 600 index rose by 0.1%, recovering from early declines. Mining stocks…
Bonds under pressure as stocks tumble amid UK gilt worries and US policy uncertainty
Global financial markets faced turbulence as bond yields soared and stocks fell, driven by concerns over rising inflation, reduced chances…
Telecom tariff hike imminent – FG
The Federal Government has announced plans to increase telecommunication tariffs, though not as high as the 100 percent requested by…
Dollar Stable Amid Rising Yields and Hawkish Fed Minutes
The US dollar held steady on Thursday, supported by climbing Treasury yields and the Federal Reserve’s hawkish stance, which suggests…
European Stocks Dip as UK Retailers and Economic Data Take Center Stage
European stock markets edged lower on Thursday, weighed down by mixed economic data and corporate earnings. Germany’s DAX and France’s…
Asia FX weakens as hawkish Fed boosts dollar; yen rises on BOJ rate hike bets
Asian currencies faced pressure on Thursday as a stronger dollar gained momentum following hawkish Federal Reserve signals of slower rate…
Google Expands Efforts to Develop AI Models Simulating the Physical World
Google is embarking on a bold initiative to create generative AI models capable of simulating the physical world, signaling a…
Micro Pension Plan Struggles to Gain Traction Despite Policy Efforts
Five years after its launch in 2019, Nigeria’s Micro Pension Plan (MPP) remains underwhelming in its adoption, despite deliberate policy…
Naira down to N1,655/$ in parallel market
The Naira experienced further depreciation in the parallel market, sliding to N1,655 per dollar from N1,650 the previous day. Similarly,…
MTN Nigeria and Transcorp Lead as Nigerian Stock Market Gains N507bn
Investors on the Nigerian Exchange witnessed a significant gain of N507 billion on Wednesday, with market capitalization rising to N63.56…