Naira Strengthens to N1,485 as Dollar Liquidity Improves
The Nigerian naira has strengthened against the US dollar in the parallel market, reaching a rate of N1,485 per dollar,…
Day: February 25, 2025
Global Markets Tread Carefully Amid Rising Tensions and Economic Concerns
Global stock markets showed cautious gains as investors weighed the potential for economic slowdown in the U.S. ahead of key…
SEC Shortens Capital Market Approval Time to 14 Days
The Securities and Exchange Commission (SEC) has significantly reduced the approval time for companies looking to raise funds in Nigeria’s…
Rewane: CBN’s Intervention Policies Strengthen Naira Stability
Economist Bismarck Rewane, CEO of Financial Derivative Company, has praised the Central Bank of Nigeria’s (CBN) recent foreign exchange market…
LCCI Calls for Monetary Policy to Address Real Economic Pressures, Not Just Statistical Inflation
The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Almona, has urged the Central Bank of…
Nigeria and Kazakhstan to Strengthen Cooperation in Agriculture, Trade, and Technology
Nigeria and Kazakhstan are preparing to sign a Memorandum of Understanding (MOU) to enhance bilateral relations, with a particular focus…
Experts Predict Strong Q4 GDP Growth in Nigeria but Full Year May Fall Short
Nigeria’s economy is projected to see a strong Q4 2024 GDP growth, surpassing the 3.46% recorded in Q3 2024. Analysts…
Strong Demand for Bank of Ghana Treasury Bills as Rising Interest Rates Influence Auction Results
The Bank of Ghana’s latest treasury bills auction, held on February 21, 2025, revealed strong demand for government securities, with…
Ghana’s Informal Sector: Major Employment Source, but Low Productivity and Slow Economic Growth
Ghana’s informal sector plays a vital role in the economy, employing nearly 80% of the workforce. However, it contributes only…
Securing Africa’s Digital Future: Addressing Cybersecurity Challenges in the Digital Age
As Africa rapidly embraces technological advancements and digital transformation, the continent faces significant cybersecurity challenges. With growing interconnections across critical…
Tinubu Vows Support for Fintech Growth in Nigeria
President Bola Tinubu has pledged his administration’s commitment to supporting the growth of the financial technology (Fintech) sector, particularly businesses…
Stock Market Experiences N231bn Loss as Bearish Trends Persist
The Nigerian stock market started the week on a negative note, with significant losses amounting to N231 billion. The All-Share…
Naira Strengthens Against Major Currencies Following EFEMS Introduction
The Naira has shown significant improvement against major foreign currencies, including the British Pound, Euro, and Canadian Dollar, since the…
Chegg Files Lawsuit Against Google, Claims AI Overviews Harm Publishers’ Revenue Streams
A lawsuit filed by U.S. education technology company Chegg accuses Google of using its artificial intelligence (AI) overviews to undermine…
Young Nigerians Positioned to Drive AI Growth for Economic Prosperity
Victor Benjamin, the West/South-South Director for Young Professionals for Tinubu, has emphasized that young Nigerians will play a crucial role…
CBN Pledges to Enhance Nigeria-Saudi Economic Relations
The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has reaffirmed the bank’s commitment to strengthening economic…