Nigeria’s Key Economic Sectors Stagnant, Urgent Reforms Needed for Growth – Economist
Nigeria’s economy has been facing significant challenges, with key sectors that are crucial for its economic growth remaining stagnant or…
Day: March 3, 2025
Nigeria Plans $122 Billion Investment to Diversify Energy Sources and Enhance Grid Stability
The Federal Government of Nigeria has unveiled a plan to secure $122.2 billion in investments aimed at diversifying the country’s…
Lutnick Proposes Excluding Government Spending from GDP
U.S. Commerce Secretary Howard Lutnick recently announced plans to remove government spending from the GDP report, aiming to make it…
Nigeria’s Real Estate Sector Becomes the Third Largest Contributor to GDP
Nigeria’s real estate sector has gained significant attention as it emerged as the third largest contributor to the country’s GDP…
European Markets Choppy as Defense Stocks Surge; Thales and BAE Systems See Significant Gains
European markets experienced volatility on Monday, as defense stocks surged following high-level discussions among regional leaders about increasing military spending.…
Ten Stockbrokers Trade Over N601 Billion on NGX in First Two Months of 2025
In the first two months of 2025, ten stockbrokers on the Nigerian Exchange Limited (NGX) facilitated transactions totaling N601.078 billion,…
Ghana’s T-Bill Rates Plummet to New Lows: What’s Next for Investors?
On February 28, 2025, treasury bill rates saw a remarkable drop, marking one of the most significant declines in decades.…
NGX Group Sees 157.3% Surge in Profit, Reaches Record N13.6 Billion for 2024
NGX Group has reported a significant profit before tax (PBT) of N13.6 billion for the year ending 31 December 2024,…
Bitcoin Rallies Over 20% After Trump Announces Strategic Crypto Reserve
Bitcoin surged over 20% from last week’s lows after U.S. President Donald Trump announced plans to include cryptocurrencies like Bitcoin,…
CBN Enhances Financial Oversight to Strengthen Compliance with Global Banking Standards
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to reinforcing the nation’s financial sector by enhancing regulatory oversight,…
South Africa Fines Google R500 Million and Investigates Tech Giants Over Advertising Imbalance
South Africa’s Competition Commission has launched an investigation into major tech companies, including Google, X, and Meta, for their role…
Strategies for Staying Authentically Informed in the Digital Age
Staying informed as a citizen in the digital age has become increasingly complex due to the abundance of information, misinformation,…
Google Launches Free AI Coding Assistant for Nigerian Developers
Google has launched a new AI-powered coding assistant called Gemini Code Assist, offering a free version to developers in Nigeria.…
Elumelu Pledges Support for Gabon’s Infrastructure Development and Youth Empowerment
Tony Elumelu, the Group Chairman of United Bank for Africa (UBA) and founder of the Tony Elumelu Foundation (TEF), reaffirmed…
Banking Sector Outperforms with 7.76% YtD Gain as Recapitalisation Efforts Gain Momentum
In 2025, the Nigerian banking sector has emerged as a standout performer on the Nigerian Exchange Limited (NGX), with the…
Exchange Rate and Inflation: Fixing the fundamentals first
In many developing economies, exchange rate fluctuations serve as the main driver of inflation. In Nigeria, the value of the…
India’s Trade Minister Piyush Goyal Heads to the U.S. for Crucial Trade Talks Amid Looming Tariffs
India’s trade minister, Piyush Goyal, embarked on a trip to the United States on Monday for urgent trade talks, with…
Nigerian Stock Market Suffers N421bn Loss Amid Bearish Trends
The Nigerian Exchange experienced a significant downturn last week, with the market losing N421bn. The All-Share Index (ASI) dropped by…
Naira Ends February Strong, Defying Pressure with Gains in Parallel Market
The Nigerian naira ended February 2025 with notable fluctuations in its performance across both the parallel and official markets. The…