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…
Month: February 2025
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…
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…
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…
US companies swap dollar bonds into euros to lower funding costs
U.S. companies with international operations are increasingly using cross-currency swaps to convert their dollar debt into euros, helping reduce their…
CBN Is Likely to Retain Interest Rates Amid Economic Concerns – Coleman Wires CEO
Ahead of the next meeting of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), industry stakeholders are projecting…
Trump Labels Zelensky a “Dictator” as Tensions Rise Between US and Ukraine
Donald Trump has escalated his feud with Ukrainian President Volodymyr Zelensky, calling him a “dictator” and accusing him of playing…
Cloud Expo 2025 Set to Boost Africa’s $180bn Digital Economy
The IoT West Africa and Data Centre Cloud Expo 2025, co-located with Power and Water Nigeria, is set to be…
CBN Mandates Banks to Publish Details of Dormant Accounts and Unclaimed Funds
In a notable shift in policy, the Central Bank of Nigeria (CBN) has directed banks and financial institutions to publicly…
European Stocks Mixed as Schneider Electric’s Strong Profit Boosts Market Sentiment
European stock markets were mixed on Thursday morning, following a flurry of earnings releases across the continent. The Stoxx 600…
CSCS Launches Upgraded RegConnect Version 2 to Improve Data Exchange for Registrars
The Central Securities Clearing System Plc (CSCS) has unveiled an enhanced version of its web-based application designed to streamline operations…
Naira Appreciates to N1,535 per Dollar in Black Market Amid Improved Liquidity
The naira has gained value in the parallel (black) market, reaching N1,535 per dollar, driven by a reduction in demand…
Senate to Hold Public Hearing on Tax Reform Bills February 24-25
The Nigerian Senate is set to hold a two-day public hearing on the four tax reform bills presented by President…
The Urgent Need for Homegrown Venture Capital in Ghana’s Startup Ecosystem
For years, Ghana’s startup ecosystem, like many African nations, has thrived with the help of foreign donors such as USAID,…
Rural Banks in Ghana Embrace GhanaPay to Stay Competitive
Rural banks in Ghana are increasingly adopting the GhanaPay platform developed by the Ghana Interbank Payment and Settlement Systems (GhIPSS)…
Fed Concerns Over Trump’s Policies Contributing to Inflation Risks, Minutes Show
At a meeting held a week after President Donald Trump’s inauguration, Federal Reserve officials expressed concerns that his proposed policies,…