Business International Technology Trump pardons dark web marketplace founder Ross William Ulbricht January 22, 2025 Ekemini In a move that has stirred significant controversy, President Donald Trump has granted a full pardon to Ross William Ulbricht, the founder of Silk Road, a notorious dark web marketplace.…
Business Economy investment Local Africa Rising as an Investment Hub Says Shettima January 22, 2025 Ekemini Vice-President Kashim Shettima urged global investors to seize business opportunities in Nigeria during the 2025 World Economic Forum in Davos, Switzerland. Addressing a panel on Africa’s frontier markets, he countered…
Business Finance investment Local Net income of SFS REIT Fund hits 12-year high January 22, 2025 Ekemini SFS Real Estate Investment Trust Fund (SFS REIT Fund) achieved its highest net income in 12 years, recording a 51.2% increase to N480.3 million in 2024 from N317.5 million in…
Business investment Local Technology 50% telecom tariff hike sparks heated debate January 22, 2025 Ekemini The Nigerian Communications Commission’s (NCC) recent approval of a 50% increase in telecom tariffs has sparked widespread controversy, with telecom operators welcoming the decision while consumer groups strongly oppose it.…
Business Finance investment Local MTN Leads Market Rally as Investors Gain N471.37bn January 22, 2025 Ekemini Investors on the Nigerian Exchange experienced a significant boost on Tuesday, with a total market gain of N471.37bn, raising the market capitalization to N63.3tn. The All-Share Index climbed by 0.75…
Business Economy investment Local Interest Rate: PFAs raise investment in FGN securities by 17.7% to N13.8trn January 21, 2025 Ekemini Pension Fund Administrators (PFAs) have significantly increased their investments in Federal Government (FGN) securities, raising the total by 17.7% year-on-year to N13.8 trillion in November 2024. This increase comes as…
Business Economy Finance Local Buy interest in Oando, 31 Others Lift Stock Market by 0.02% January 21, 2025 Ekemini The Nigerian stock market began the week on a positive note, increasing by 0.02% amid strong demand for Oando Plc and 31 other companies. The Nigerian Exchange Limited All-Share Index…
Business Finance International After two years of smooth sailing, the Fed ready to navigate the rocky bond market, Trump’s uncertainty January 21, 2025 Ekemini The Federal Reserve is preparing to meet amid rising concerns over a turbulent bond market and the unpredictable policies of the Trump administration. Despite two years of progress on inflation…
Business Economy Finance International Markets ride a rollercoaster as Trump returns to US presidency January 21, 2025 Ekemini Global markets experienced extreme volatility following Donald Trump’s inauguration, with sharp swings across stocks, currencies, commodities, and cryptocurrencies. The turbulence was primarily driven by investor reactions to Trump’s proposed tariff…
Business Finance Local Macroeconomic Tinubu’s Economic Reforms Aiming for Long-Term Growth and Poverty Reduction January 21, 2025 Ekemini President Bola Ahmed Tinubu’s administration is stabilizing Nigeria’s economy through significant socio-economic reforms, focusing on critical infrastructure projects to drive growth and create jobs. Finance Minister Wale Edun emphasized that…
Business Economy Finance International Investors eye US stock market after Trump’s inauguration January 21, 2025 Ekemini Investors closely monitor the U.S. stock market following Donald Trump’s inauguration for his second presidential term. Historically, the benchmark S&P 500 index has not performed strongly on average during inauguration…
Business Economy International Trump withdraws US from World Health Organization, halts foreign development aid January 21, 2025 Ekemini President Donald Trump has announced that the United States will withdraw from the World Health Organization (WHO), citing its mishandling of the COVID-19 pandemic and lack of independence from political…
Business International Technology Samsung, LG may move some home-appliance manufacturing from Mexico to US, paper says January 21, 2025 Ekemini According to a South Korean newspaper, Samsung Electronics and LG Electronics are reportedly evaluating a shift in home appliance manufacturing from Mexico to the United States. The review comes as…
Business International Technology HP Introduces World’s First AI-driven Gaming Laptop January 21, 2025 Ekemini HP Inc. has introduced the OMEN Max 16, the world’s first AI-driven gaming laptop, promising unmatched power and immersive gameplay. Announced at CES 2025, the device is designed to provide…
Business Finance International Technology Trump’s new cryptocurrency surges to $10bn market value January 21, 2025 Ekemini The digital token $TRUMP, launched on Friday, saw its price skyrocket from less than $10 on Saturday to a peak of $74.59 before adjusting slightly on Monday. This surge in…
Business Finance International Macroeconomic Markets Rally as Trump Returns to White House January 20, 2025 Ekemini As Donald Trump prepares for his second term as U.S. president, investors are cautiously optimistic about his pro-business policies while remaining wary of his protectionist trade stance. Market analysts are…
Business International Technology Taiwanese Tech Firms Consider US Expansion to Counter Trump Tariffs January 20, 2025 Ekemini Taiwanese laptop manufacturers Compal and Inventec are exploring expansion into the United States, with Texas emerging as a strong candidate for investment. This move comes in response to U.S. President-elect…
Business International Technology Paytm Loss Narrows as Digital Payments Business Recovers January 20, 2025 Ekemini Indian fintech company Paytm reported a significant reduction in its third-quarter adjusted loss as its digital payments business rebounded following the winding down of its payments bank unit. The company…
Business International Technology Wipro Stock Surges Amid Hopes of IT Sector Revival January 20, 2025 Ekemini Wipro’s shares soared by about 8% on Monday, marking their best day in nearly four years, after the Indian IT giant signaled a revival in demand. The company exceeded third-quarter…
Business International Technology TikTok Restored in the US as Trump Reverses Ban Decision January 20, 2025 Ekemini In a dramatic turn of events, millions of American TikTok users were met with an unexpected shutdown of the app on Saturday night, marking the first ban on the platform…
Business Local Macroeconomic Nigeria Seeks Global Mining Partnerships to Boost Economy January 20, 2025 Ekemini Nigeria has reaffirmed its commitment to attracting global investment in its mining sector as part of broader efforts to strengthen the country’s economy. At the Future Minerals Forum (FMF) in…
Business Local Technology Poor Network Services Frustrate Maiduguri Residents January 20, 2025 Ekemini Residents of Maiduguri, Borno State, are facing persistent challenges with mobile network services, particularly from major providers MTN and Airtel. The unreliable connectivity affects businesses, education, healthcare, and everyday communication,…
Business Economy investment Local Sokoto Strengthens Investment Drive with New Board Inauguration January 20, 2025 Ekemini Governor Ahmed Aliyu has inaugurated the Chairman and Board members of the Sokoto Investment Company, reaffirming his administration’s commitment to resolving challenges that hinder the company’s progress. He urged the…
Business Finance Local Macroeconomic Weak Naira Attracted Tourists and Boosted Economy in December January 20, 2025 Ekemini The depreciation of Nigeria’s local currency, the naira, significantly influenced international tourism and spending in the country last December. Many foreigners and Nigerians in the diaspora took advantage of the…
Business Economy Finance Local NASD OTC Exchange Sees Record Growth with 224% Return January 20, 2025 Ekemini In 2024, Nigeria’s NASD OTC Securities Exchange saw a significant increase in turnover, with the NASD Securities Index recording a 223.64% return. This performance was largely driven by a strong…
Business Economy Finance Local Recapitalisation: Access Holdings’ market cap hits N1.3tr January 20, 2025 Ekemini Access Holdings Plc has concluded its recapitalization process with 17.77 billion additional shares at the Nigerian Exchange (NGX). This listing boosted the company’s market capitalization to N1.29 trillion, solidifying its…
Business Finance Local Macroeconomic High Interest Rate: Manufacturers cut back on bank loans January 20, 2025 Ekemini The Central Bank of Nigeria’s (CBN) aggressive monetary tightening has driven manufacturers to cut back on bank loans, marking the first quarterly decline in credit to the sector since 2022.…
Business International Trump Promises Swift Action on US Crises at Pre-Inauguration Rally January 20, 2025 Ekemini At a massive pre-inauguration rally in Washington, President-elect Donald Trump vowed to take immediate action on national issues, focusing primarily on immigration. Addressing a cheering crowd, he promised to halt…
Business Economy Local Technology Government Targets Passage Of Digital Economy Bill By Q2 January 20, 2025 Ekemini The Federal Government of Nigeria aims to pass the Digital Economy Bill by the second quarter of 2025 as part of its strategy to enhance digital infrastructure and drive economic…
Business Economy Finance Local Rising Debt Burden Hits Nigerian Firms as Liabilities Reach N3.6tn January 20, 2025 Ekemini A recent report has revealed that 15 listed companies on the Nigerian Exchange Limited recorded a combined non-current liability of N3.62 trillion as of September 2024, marking a 32.1% increase…
