Federal Government Launches Construction of Emerging Technologies Institute in Kano
The Federal Government of Nigeria has officially launched the construction of the Sustainable & Emerging Technologies Institute (SETI) in Kano,…
Month: February 2025
Tinubu Earns Praise at AU Summit for Advancing AfCFTA’s Digital Trade Protocol
President Bola Tinubu received widespread recognition for Nigeria’s significant efforts in advancing the African Continental Free Trade Area (AfCFTA) Digital…
Nigeria’s Personal Loans Surge to N3.32tn Amid Rising Inflation, CBN Reports
In November 2024, Nigeria’s personal loan portfolio saw a dramatic increase of 37.76%, rising to N3.32 trillion, according to the…
Nigerian Equity Market Records N1.83tn Gain in One Week
The Nigerian equity market achieved a significant gain of N1.83 trillion last week, with the All-Share Index (ASI) and Market…
UK Economy Shows Unexpected Growth in Q4 2024, But Outlook for 2025 Remains Sluggish
The UK economy surprised many by growing 0.1% in the final quarter of 2024, defying expectations of a 0.1% contraction.…
Equity Market Soars by N779bn as Nigerian Exchange Hits N67.3tn
On Wednesday, February 13, 2025, the Nigerian equity market experienced a significant surge, with investors gaining N779 billion. The market…
Modi Brings Tariff Concessions and Strategic Offers to Trump Amid Trade Tensions
Indian Prime Minister Narendra Modi is preparing for an important meeting with U.S. President Donald Trump, where he hopes to…
Consumer Group Urges Caution on Proposed Electricity Tariff Increase, Citing Power Supply Issues
A consumer group, the Nigeria Consumer Protection Network (NCPN), has voiced its concerns over the Federal Government’s plans to increase…
Nigerian Stock Market Hits N67 Trillion as VFDGROUP and IKEJAHOTEL Lead Gains
The Nigerian stock market closed on a high note on February 12, 2025, with the All-Share Index (ASI) rising by…
European Stocks Hit Record Highs; Siemens Soars While FTSE 100 Falls
European stock markets continued their upward trajectory on Thursday, buoyed by strong corporate earnings and economic data. The Stoxx 600…
NLC Threatens Nationwide Telecom Shutdown Over 50% Tariff Hike
The Nigeria Labour Congress (NLC) has issued a strong warning to telecommunications companies, demanding an immediate reversal of a 50%…
Nigeria Aims to Lead Africa’s AI Revolution, Partners with Google for Digital Transformation
President Bola Tinubu has expressed his vision for Nigeria to become the leader in artificial intelligence (AI) innovation across Africa.…
NEITI and TETFund Partner to Enhance Transparency in Education Tax Remittances in Nigeria
The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Tertiary Education Trust Fund (TETFund) have strengthened their collaboration to ensure…
Nigeria Becomes Afreximbank’s Largest Beneficiary with $52 Billion Disbursement
Nigeria has emerged as the largest beneficiary of the African Export-Import Bank (Afreximbank) with a cumulative disbursement of approximately $52…
GHS 1.3bn Embezzlement Scandal at NPA Triggers Calls for Petroleum Tax Cuts in Ghana
The recent GHS 1.3 billion embezzlement scandal at the National Petroleum Authority (NPA) has intensified calls for a reduction in…
World Bank Calls for Urgent Fiscal Reforms to Address Ghana’s Debt Crisis
The World Bank has identified a lack of budget discipline as a major factor behind Ghana’s worsening fiscal challenges. In…
House of Representatives Passes Four Tax Reform Bills for Second Reading
The House of Representatives has passed four significant tax reform bills for second reading, marking an important step toward overhauling…
Strengthening Nigeria’s Role in BRICS for Economic Growth and Investment
Nigeria’s partnership with BRICS (Brazil, Russia, India, China, and South Africa) is seen as a game-changing opportunity to transform its…
Nigerian Banks Progressing Towards Meeting 2026 Recapitalisation Deadline – Fitch Ratings
Fitch Ratings has reported that Nigerian banks are on track to meet the Central Bank of Nigeria’s (CBN) recapitalization deadline…
Telecom Tariff Hike Sparks Backlash as NLC Calls for Boycott and Subscribers Demand Sanctions
Telecom operators in Nigeria are facing a strong backlash after implementing a 50% tariff hike despite an ongoing review process.…
Tinubu Hails $50M IFC Investment in Lagos Free Zone
President Bola Tinubu expressed his appreciation for the International Finance Corporation’s (IFC) $50 million equity investment in the Lagos Free…
External Influences and Internal Struggles Hinder ECOWAS’ Aspirations– Prof. Otubanjo
The Economic Community of West African States (ECOWAS) has faced significant challenges in achieving its core objectives, not only due…
China’s Chipmaking Equipment Purchases Set to Decline Amid Sanctions and Overcapacity Concerns
China’s chipmaking equipment purchases, which had seen consistent growth for the past three years, are expected to decline in 2025,…
Vietnam to Raise 2025 GDP Growth Target to 8% Amid Global Trade Risks and U.S. Tariffs
Vietnam is set to revise its 2025 GDP growth target upwards, now aiming for at least 8% compared to the…
Trump’s Trade Advisers Finalize Plans for Reciprocal Tariffs Amid Growing Trade War Concerns
Former U.S. President Donald Trump’s trade advisers are in the final stages of preparing reciprocal tariffs, which could soon be…
Foreign Portfolio Investments in Nigeria Surge 126.8% in 2024
Foreign Portfolio Investments (FPIs) into Nigeria’s stock market saw a remarkable increase of 126.8% in 2024, reaching N396.4 billion, up…
CBN Scraps Free ATM Withdrawals, Introduces New Charges: Bank Customers Express Concerns
In a recent move by the Central Bank of Nigeria (CBN), the institution has announced the scrapping of free ATM…
Nigeria’s Economic Reset: The Crucial Role of Data Integrity in National Recovery
Nigeria is currently navigating an economic reset to address the persistent challenges it faces, including sluggish growth, high inflation, and…
Nigeria, UAE Strengthen Aviation Ties with Amended Bilateral Air Service Agreement
Nigeria and the United Arab Emirates (UAE) have signed an amended Bilateral Air Service Agreement (BASA), aimed at enhancing aviation…
Telecom Tariff Hike: House of Reps Demands Reversal Amid Economic Concerns
The long-awaited 50% tariff increase by Nigerian telecommunications operators has officially begun, following approval from the Nigerian Communications Commission (NCC).…