Nigeria’s Currency in Circulation Reaches N5.24 Trillion, 90.4% Held Outside Banks
Nigeria’s total currency in circulation hit a record high of N5.24 trillion in January 2025, reflecting a 43.5% increase from…
Day: February 24, 2025
Brazil’s JBS to Invest $2.5 Billion in Ogun State’s Livestock Industry
In a major boost to Nigeria’s livestock sector, JBS, the world’s largest protein producer based in Brazil, has announced a…
Bank of Ghana Signals Review of Cash Reserve Ratio to Ease Liquidity Strain
The Bank of Ghana (BoG) has signaled its intention to gradually review the Cash Reserve Ratio (CRR) for commercial banks,…
COMAC vows to resist policies that threaten local investment-GHANA
The Chamber of Oil Marketing Companies (COMAC) has expressed strong opposition to policies that could harm local businesses within Ghana’s…
Nigeria Seeks Saudi Investment for Infrastructure Development
The Nigerian government has initiated discussions with the Saudi Fund for Development (SFD) regarding potential investments in the country’s infrastructure.…
Indian Tech Sector Poised for Strong Growth, Set to Cross $300 Billion by FY26, Says Nasscom
India’s technology sector is on track for accelerated growth in fiscal year 2025, according to the National Association of Software…
Qatar Partners with Scale AI to Enhance Government Services Through AI
Qatar’s government has recently signed a strategic five-year agreement with Scale AI, a leading AI data company based in San…
Thai Finance Minister Advocates Interest Rate Cut to Stimulate Economic Growth
Thailand’s finance minister, Pichai Chunhavajira, has indicated that the country’s low inflation provides an opportunity to reduce interest rates, aiming…
AfDB Report: Africa’s Economic Growth Shows Improvement Despite Global Challenges
The African Development Bank (AfDB) has revealed signs of economic recovery for Africa in its 2025 Macroeconomic Performance and Outlook…
Dangote Refinery Holds Over 500 Million Litres of PMS, Aims to Export 60% of Production
Dangote Industries Limited (DIL) has made significant strides in Africa’s energy sector, with President Aliko Dangote revealing that its refinery…
Financial Inclusion Key to Nigeria’s Economic Development, Says CBN
The Deputy Governor for Financial Systems Stability at the Central Bank of Nigeria (CBN), Mr. Philip Ikeazor, emphasized the importance…
Olam Group Sells 44.6% Stake in Agribusiness to Saudi Fund for $2.35 Billion
Olam Group, based in Singapore, announced on February 24, 2025, that it will sell a 44.58% stake in its agricultural…
US Demands EU Clarification on Antitrust Rules for Big Tech
U.S. House Judiciary Chair Jim Jordan has demanded clarification from EU antitrust chief Teresa Ribera on how the European Union…
European Markets Surge as Germany’s Election Results Boost Investor Confidence
European stock futures and the euro climbed on Monday after Germany’s election results yielded a mainstream outcome. DAX futures jumped…
Equity market gains N1.83tn in one week
The Nigerian equity market recorded a gain of N1.83 trillion last week, as the All-Share Index and Market Capitalisation appreciated…