Business Finance Local Technology Government Ensures Quality Service as Telecom Tariff Hike Looms January 20, 2025 Ekemini The Nigerian government has pledged to improve telecom service quality as it prepares for an upcoming tariff increase. Minister of Communications and Digital Economy, Bosun Tijani, emphasized that any price…
Business Finance Local Technology Crypto Scams and AI Cyberattacks Threaten Nigeria’s Digital Security January 20, 2025 Ekemini Nigeria’s cybersecurity landscape in 2025 is expected to be dominated by cryptocurrency scams and AI-driven cyberattacks, according to a new report by the Cyber Security Experts Association of Nigeria (CSEAN).…
Business Economy Finance Local Equity market loses N1.45tn in one week January 20, 2025 Ekemini The Nigerian equity market experienced significant losses last week, dropping by 2.94% to close at 102,353.68 points. Market capitalization also declined by 2.26% to N62.85tn, marking an N1.45tn reduction in…
Business Finance Local Macroeconomic Nigeria’s Current Account Surplus Strengthens Forex Stability January 16, 2025 Ekemini Nigeria recorded a current account (CA) surplus of $6.1 billion in Q3 2024, up from $3.9 billion in Q2, marking the eighth consecutive quarter of surplus. This positive trend, driven…
Business Economy Finance Local Technology CBN Unveils Digital Payment and Document Management Solutions January 16, 2025 Ekemini The Central Bank of Nigeria (CBN) has launched two major initiatives: the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment Solution. These initiatives, introduced as…
Business Finance investment Foreign Firms Rethink Investments Amid Capital Decline January 16, 2025 Ekemini Foreign-owned companies in Nigeria are scaling back their capital investments as returns on capital employed (ROCE) decline. BusinessDay’s analysis shows a drop in cumulative capital returns from 25% in 9M…
Economy Local Technology NBS Removes Crime Survey Report Amid Website Attack January 16, 2025 Ekemini The National Bureau of Statistics (NBS) has removed its recently published “Crime Experience and Security Perception Survey 2024” report from its official website. The report, initially released on December 17,…
Business Finance Local Macroeconomic Technology FG to Establish Farmers Database for Targeted Support January 16, 2025 Ekemini The Federal Government of Nigeria, through the Ministry of Agriculture and Food Security, has signed an agreement with the National Identity Management Commission (NIMC) to create a database of Nigerian…
Business Finance Local Technology NCC Orders Disconnection of Nine Banks’ USSD Services Over Unpaid Debts January 16, 2025 Ekemini The Nigerian Communications Commission (NCC) has directed telecommunications companies to disconnect the Unstructured Supplementary Service Data (USSD) services of nine financial institutions due to outstanding debts. In a notice signed…
Business Economy investment Tinubu and UAE Leader Discuss Trade Investment and Regional Stability January 16, 2025 Ekemini President Bola Ahmed Tinubu of Nigeria and Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates (UAE) held a high-level bilateral meeting on the sidelines of the 2025…
Business International Macroeconomic Scott Bessent Faces Senate Scrutiny Over Taxes Trade and Deficits January 16, 2025 Ekemini Scott Bessent, President-elect Donald Trump’s nominee for Treasury Secretary, is set to face tough questions from the Senate Finance Committee regarding his approach to tax cuts, trade policies, and economic…
Business Economy Local Technology Nigerians To Pay More For Calls And Data As Tariffs Increase January 16, 2025 Ekemini The Minister of Communications and Digital Economy, Bosun Tijani, has announced that Nigerians will face a tariff increase of 30 to 60 percent for telecommunications services, including calls and data.…
Business Finance International Technology Apple Seeks New Credit Card Partner as Goldman Backs Out January 16, 2025 Ekemini Apple is in talks with Barclays and Synchrony Financial to replace Goldman Sachs as its credit card partner, sources say. Goldman, which launched the Apple Card in 2019, is retreating…
Business Technology Nigerians Embrace AI with High Enthusiasm and Adoption January 16, 2025 Ekemini A new global survey by Ipsos and Google reveals that Nigeria’s online population is leading in Artificial Intelligence (AI). The study titled Our Life with AI: From Innovation to Application,…
Business Economy Local Technology Smartphone Market Grows in 2024 Despite Economic Challenges January 16, 2025 Ekemini Global smartphone shipments grew by 2.4% year-over-year (YoY) in the fourth quarter of 2024, reaching 331.7 million units, according to the latest IDC Worldwide Quarterly Mobile Phone Tracker report. This…
Business Economy Local Technology NCC and FCCPC Sign Agreement to Strengthen Telecom Consumer Protection January 16, 2025 Ekemini The Nigerian Communications Commission (NCC) and the Federal Competition and Consumer Protection Commission (FCCPC) have signed a Memorandum of Understanding (MoU) to enhance consumer protection in the telecommunications industry. The…
Business Local Technology Wini Group Debuts AI Varsity In Nigeria To Boost Africa’s Tech Adoption January 16, 2025 Ekemini Wini Group has announced the establishment of Wini University, Nigeria’s first Artificial Intelligence-focused institution, in Epe, Lagos. The university aims to position Nigeria as a global AI powerhouse by equipping…
Business Economy Finance Local FG’s Economic Policies to Boost Marketing Industry in 2025 January 16, 2025 Ekemini Industry experts predict Nigeria’s marketing and advertising sector will benefit from the federal government’s economic policies in 2025. According to Udeme Ufot, former chairman of the Advertising Regulatory Council of…
Business Finance Local Macroeconomic Equity market posts N930bn loss January 16, 2025 Ekemini The Nigerian equity market recorded a significant loss of N930.62bn at the close of trading on Wednesday, marking the third consecutive decline this week. The All-Share Index dropped by 1.47…
Business Finance Local Macroeconomic 34.8% inflation rate triggers fears of rising prices, hardship January 16, 2025 Ekemini Nigeria’s inflation rate surged to 34.80% in December 2024, a marginal increase from November’s 34.60%, according to the National Bureau of Statistics (NBS). The 0.20% rise is attributed to heightened…
Banking Business Finance Local FCMB appoints executive director January 16, 2025 Ekemini First City Monument Bank (FCMB) has announced the appointment of Felicia Obozuwa as its new Executive Director of Corporate Services and Service Management. The appointment, approved by the Central Bank…
Business Finance Local Macroeconomic Nigeria’s Inflation Hits 34.80% Dampening Hopes for Rate Cut January 15, 2025 Ekemini Nigeria’s inflation rate surged to 34.80% in December 2024, dampening expectations for a potential rate cut by the Monetary Policy Committee (MPC) in its upcoming meeting. The National Bureau of…
Business Finance Local Technology Nine Nigerian Banks Face USSD Disconnection Over N160 Billion Debt January 15, 2025 Ekemini Telecommunication companies in Nigeria, under the directive of the Nigerian Communications Commission (NCC), will suspend USSD services for nine banks starting January 27, 2025, due to an unresolved debt of…
Business Local Technology Prolong NBS Website Hack Sparks Inflation Data Uncertainty January 15, 2025 Ekemini The National Bureau of Statistics (NBS) in Nigeria continues to grapple with the fallout of a cyberattack that has rendered its website inaccessible since December 18, 2024. The breach occurred…
Business Finance Local Technology Telecom tariff hike: Huge financial burden on Nigerians January 15, 2025 Ekemini The recent announcement of telecom tariff hikes in Nigeria has sparked concerns among citizens already burdened by rising inflation, subsidy removals, and increasing energy costs. Telecom operators argue that the…
Business Finance investment Crypto ETFs Face Innovation Potential in 2025 but Anticipate Weaker Demand January 15, 2025 Ekemini As the cryptocurrency exchange-traded fund (ETF) market enters 2025, it holds significant opportunities for innovation, including new funds tracking tokens such as Solana, XRP, and Litecoin. Bitcoin ETFs, which debuted…
Business International Macroeconomic ECB Looks to Services Prices to Meet Inflation Target Says Chief Economist January 15, 2025 Ekemini Eurozone inflation is expected to decline in 2025 due to slower wage growth and reduced cost pressures, according to European Central Bank Chief Economist Philip Lane. Speaking at a Goldman…
Business International Macroeconomic UK Business Confidence Falls to Two-Year Low Amid Tax Concerns January 15, 2025 Ekemini British business morale plunged to its lowest point in two years during late 2024, driven by tax concerns following the Labour government’s first budget, according to a survey by the…
Business Local Technology Sophos MDR Achieves 26000 Customers Amid Rising Demand for Advanced Security Solutions January 15, 2025 Ekemini Sophos Managed Detection and Response (MDR) has reached a major milestone, now serving over 26,000 organizations globally, marking a 37% growth in 2024. The service addresses escalating cyber threats such…
Business Finance investment Local Data Challenges Hinder Progress of Micro Pension Plan January 15, 2025 Ekemini A pension expert, Michael Oyebola, has highlighted several data-related issues affecting the effectiveness of the Micro Pension Plan (MPP) in Nigeria. These issues, which include inconsistent, incomplete, and illegible data,…
