Nigerian Equity Market Maintains Bullish Momentum with N426bn Gain
The Nigerian equity market continued its positive trajectory on February 12, 2025, with investors gaining N426 billion as the market…
Month: February 2025
Senate Proposes N10bn for Capital Market Awareness to Boost Investor Participation
In a recent proposal, the Nigerian Senate suggested allocating N10bn to fund investor education in the capital market as part…
Global Stocks Dip Amid U.S. Tariff Hike and Economic Outlook Concerns
Global stock markets experienced a decline on Tuesday as investors reacted to the implications of newly introduced U.S. tariffs and…
Trump Imposes 25% Tariffs on Steel and Aluminium Imports to Boost U.S. Manufacturing
President Donald Trump has announced the imposition of a 25% tariff on steel and aluminium imports into the United States,…
Stabilizing Naira and Slower Price Increases Ease Business Costs in January
In January 2025, the Nigerian business environment saw a reduction in operating costs, primarily due to the stability of the…
NAICOM’s Reform Plans to Strengthen Nigeria’s $1 Trillion Economy
The Commissioner for Insurance and CEO of the National Insurance Commission (NAICOM), Mr. Olusegun Omosehin, outlined plans for institutional reforms…
Dangote Refinery Set to Reach Full Capacity in 30 Days, Boosting Nigeria’s Economic Recovery
Nigeria’s Dangote Refinery, the largest in Africa, is set to operate at full capacity within the next 30 days, as…
Apple and Google Remove 20 Apps Containing Data-Stealing Malware SparkCat
Apple and Google have removed 20 apps from their respective app stores after security researchers discovered that the apps were…
France Investigates Microsoft Over Bing Search Technology and Antitrust Concerns
France’s antitrust watchdog, the Autorité de la Concurrence, has launched an investigation into Microsoft, focusing on potential anti-competitive practices related…
CBN Facilitates $5.63 Billion in International Payments Amid Economic Challenges in 2024
The Central Bank of Nigeria (CBN) facilitated $5.63 billion in international payments during the first nine months of 2024, marking…
CBN Reschedules February 2025 MPC Meeting Amid CPI Release Delays
The Central Bank of Nigeria (CBN) has officially announced a new date for its 299th Monetary Policy Committee (MPC) meeting,…
Uganda’s Economic Outlook Remains Positive Amid Challenges and Global Uncertainty
Uganda’s economy has shown consistent growth in recent years, with 2023 marking a 5.0% increase in GDP. After a dip…
Ghana’s IMF Talks Focus on Tax Cuts, Energy Debt, and Fiscal Reforms for 2025 Budget
The ongoing discussions between the Ghanaian government and the International Monetary Fund (IMF), running from February 10 to February 14,…
COMAC Demands Independent Audit of Gold-for-Oil Program Amid Financial Concerns-GHANA
The Chamber of Oil Marketing Companies (COMAC) is urging for an independent audit of the Bulk Energy Storage and Transportation…
VP Shettima Launches Committee to Drive Nigeria’s Trillion-Dollar Economic Vision by 2030
Vice President Kashim Shettima recently inaugurated the Presidential Committee on Economic and Financial Inclusion (PreCEFI) as part of the Nigerian…
MOFI Launches N100bn Series 2 Offering to Tackle Nigeria’s Housing Deficit
The Ministry of Finance Incorporated (MOFI) has launched a N100 billion Series 2 offering under the MOFI Real Estate Investment…
Naira’s Strong Rally Disrupts FX Market Amid Dollar Sell-off and Reform Uncertainty
The Nigerian naira has seen a notable appreciation, catching traders in the foreign exchange (FX) market off-guard, particularly within the…
Nigerian Stock Market Dips as Zenith Bank Leads Profit-Taking Activity
The Nigerian stock market opened the week on a mixed note, with the All-Share Index (ASI) declining by 0.04% due…
Elon Musk Makes $97.4 Billion Bid for OpenAI, Rejected by CEO Sam Altman
Elon Musk, the world’s richest person, made a bold bid of $97.4 billion to gain control of OpenAI, the organization…
US-China Tariff Dispute Threatens to Worsen Nigeria’s Trade Deficit with China
The ongoing tariff war between the United States and China is predicted to negatively impact the Nigerian economy, particularly worsening…
Nigeria Set to Benefit from $4.4 Billion Investment in Agro-Industrial Zones
The African Development Bank (AfDB) has announced a significant $4.4 billion investment aimed at expanding the Special Agro-Industrial Processing Zones…
Nigeria’s Crude Oil Production Costs Spark Concerns as Expenditures Soar to N18tn Annually
Nigeria is facing growing concerns over the high cost of crude oil production, with industry experts warning that the country…
African Startups Raise $289M in January 2025, Marking a Strong Funding Rebound
In January 2025, African startups raised an impressive $289 million, representing a 240% increase compared to the same period in…
Paris AI Summit Calls for Balanced Approach to Regulation as Global Leaders Gather
World leaders and technology executives gathered in Paris for the AI Action Summit on February 10-11, 2025, to discuss strategies…
FBN Holdings Reports 154% Surge in Net Interest Income Due to Rate Hike
FBN Holdings experienced a significant 154.5% rise in its net interest income for the year 2024, largely due to the…
Trump says tariffs coming on steel and aluminium
President Donald Trump has revealed plans to impose a 25% tariff on all steel and aluminium entering the United States.…
Ghana Government rejects GHS 2.9bn in T-Bill offers
The Ghanaian government has rejected GHS 2.9 billion in Treasury bill bids following a significant over-subscription of 40.5% during its…
IFC invests $50 million in Lagos Free Zone to boost Nigeria’s industrial growth
The International Finance Corporation (IFC) has pledged a $50 million equity investment in the Lagos Free Zone (LFZ) to support…
CBN Unveils New Inflation Targeting Framework to Tackle Economic Challenges
The Central Bank of Nigeria (CBN) has initiated a new phase in combating inflation, implementing an inflation targeting framework designed…
Baxter: Nigeria-UK Trade Now £7.5bn, Bilateral Trade Priority for Both Countries
The trade volume between Nigeria and the United Kingdom has soared to £7.5 billion, as revealed by Jonny Baxter, the…