Trump pardons dark web marketplace founder Ross William Ulbricht
In a move that has stirred significant controversy, President Donald Trump has granted a full pardon to Ross William Ulbricht,…
Month: January 2025
Africa Rising as an Investment Hub Says Shettima
Vice-President Kashim Shettima urged global investors to seize business opportunities in Nigeria during the 2025 World Economic Forum in Davos,…
Net income of SFS REIT Fund hits 12-year high
SFS Real Estate Investment Trust Fund (SFS REIT Fund) achieved its highest net income in 12 years, recording a 51.2%…
50% telecom tariff hike sparks heated debate
The Nigerian Communications Commission’s (NCC) recent approval of a 50% increase in telecom tariffs has sparked widespread controversy, with telecom…
MTN Leads Market Rally as Investors Gain N471.37bn
Investors on the Nigerian Exchange experienced a significant boost on Tuesday, with a total market gain of N471.37bn, raising the…
Interest Rate: PFAs raise investment in FGN securities by 17.7% to N13.8trn
Pension Fund Administrators (PFAs) have significantly increased their investments in Federal Government (FGN) securities, raising the total by 17.7% year-on-year…
Buy interest in Oando, 31 Others Lift Stock Market by 0.02%
The Nigerian stock market began the week on a positive note, increasing by 0.02% amid strong demand for Oando Plc…
After two years of smooth sailing, the Fed ready to navigate the rocky bond market, Trump’s uncertainty
The Federal Reserve is preparing to meet amid rising concerns over a turbulent bond market and the unpredictable policies of…
Markets ride a rollercoaster as Trump returns to US presidency
Global markets experienced extreme volatility following Donald Trump’s inauguration, with sharp swings across stocks, currencies, commodities, and cryptocurrencies. The turbulence…
Tinubu’s Economic Reforms Aiming for Long-Term Growth and Poverty Reduction
President Bola Ahmed Tinubu’s administration is stabilizing Nigeria’s economy through significant socio-economic reforms, focusing on critical infrastructure projects to drive…
Investors eye US stock market after Trump’s inauguration
Investors closely monitor the U.S. stock market following Donald Trump’s inauguration for his second presidential term. Historically, the benchmark S&P…
Trump withdraws US from World Health Organization, halts foreign development aid
President Donald Trump has announced that the United States will withdraw from the World Health Organization (WHO), citing its mishandling…
Samsung, LG may move some home-appliance manufacturing from Mexico to US, paper says
According to a South Korean newspaper, Samsung Electronics and LG Electronics are reportedly evaluating a shift in home appliance manufacturing…
HP Introduces World’s First AI-driven Gaming Laptop
HP Inc. has introduced the OMEN Max 16, the world’s first AI-driven gaming laptop, promising unmatched power and immersive gameplay.…
Trump’s new cryptocurrency surges to $10bn market value
The digital token $TRUMP, launched on Friday, saw its price skyrocket from less than $10 on Saturday to a peak…
Markets Rally as Trump Returns to White House
As Donald Trump prepares for his second term as U.S. president, investors are cautiously optimistic about his pro-business policies while…
Taiwanese Tech Firms Consider US Expansion to Counter Trump Tariffs
Taiwanese laptop manufacturers Compal and Inventec are exploring expansion into the United States, with Texas emerging as a strong candidate…
Paytm Loss Narrows as Digital Payments Business Recovers
Indian fintech company Paytm reported a significant reduction in its third-quarter adjusted loss as its digital payments business rebounded following…
Wipro Stock Surges Amid Hopes of IT Sector Revival
Wipro’s shares soared by about 8% on Monday, marking their best day in nearly four years, after the Indian IT…
TikTok Restored in the US as Trump Reverses Ban Decision
In a dramatic turn of events, millions of American TikTok users were met with an unexpected shutdown of the app…
Nigeria Seeks Global Mining Partnerships to Boost Economy
Nigeria has reaffirmed its commitment to attracting global investment in its mining sector as part of broader efforts to strengthen…
Poor Network Services Frustrate Maiduguri Residents
Residents of Maiduguri, Borno State, are facing persistent challenges with mobile network services, particularly from major providers MTN and Airtel.…
Sokoto Strengthens Investment Drive with New Board Inauguration
Governor Ahmed Aliyu has inaugurated the Chairman and Board members of the Sokoto Investment Company, reaffirming his administration’s commitment to…
Weak Naira Attracted Tourists and Boosted Economy in December
The depreciation of Nigeria’s local currency, the naira, significantly influenced international tourism and spending in the country last December. Many…
NASD OTC Exchange Sees Record Growth with 224% Return
In 2024, Nigeria’s NASD OTC Securities Exchange saw a significant increase in turnover, with the NASD Securities Index recording a…
Recapitalisation: Access Holdings’ market cap hits N1.3tr
Access Holdings Plc has concluded its recapitalization process with 17.77 billion additional shares at the Nigerian Exchange (NGX). This listing…
High Interest Rate: Manufacturers cut back on bank loans
The Central Bank of Nigeria’s (CBN) aggressive monetary tightening has driven manufacturers to cut back on bank loans, marking the…
Trump Promises Swift Action on US Crises at Pre-Inauguration Rally
At a massive pre-inauguration rally in Washington, President-elect Donald Trump vowed to take immediate action on national issues, focusing primarily…
Government Targets Passage Of Digital Economy Bill By Q2
The Federal Government of Nigeria aims to pass the Digital Economy Bill by the second quarter of 2025 as part…
Rising Debt Burden Hits Nigerian Firms as Liabilities Reach N3.6tn
A recent report has revealed that 15 listed companies on the Nigerian Exchange Limited recorded a combined non-current liability of…