Nigerian Startups Dominate West African Funding, Cornering 80% of Investments
Nigeria remains the undisputed leader in West Africa’s startup ecosystem, securing a dominant 80% of the region’s total $5.8 billion…
Day: March 26, 2025
MTN Group and Airtel Africa Partner to Share Network Infrastructure in Nigeria and Uganda
MTN Group and Airtel Africa have officially entered into agreements to share network infrastructure in Uganda and Nigeria. The partnership,…
China Leads Global Chipmaking Investment in 2025 Despite Decline, SEMI Report Shows
China is set to continue its dominance in global chipmaking investment in 2025, despite experiencing a notable decline compared to…
Analysts Predict Drop in T-Bill Yields as Liquidity Improves Ahead of CBN Auction
As Nigeria prepares for its Treasury Bill (T-Bill) auction on Wednesday, analysts expect a decline in yields due to improving…
U.S. Blacklists Over 50 Chinese Tech Firms to Curb China’s AI and Chip Advancements
The U.S. Department of Commerce has added over 50 Chinese companies to its export blacklist in an effort to prevent…
Stakeholders to Address Nigeria’s Declining Consumer Purchasing Power at 2025 Industry Summit
The 2025 Industry Summit & Awards is set to tackle the critical issue of declining consumer purchasing power in Nigeria’s…
Dangote Refinery Faces Backlash Over Dollar Sales, Expands Exports and Boosts Local Industry
Oil marketers in Nigeria, represented by the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have strongly opposed the…
Wall Street Bonuses Surge 32% in 2024, Reaching Record Highs Amid Economic Uncertainty
Wall Street bankers saw their bonuses rise by 31.5% in 2024, bringing the average payout to $244,700, according to New…
Ghana’s Government to Settle $1.1 Billion Debt to ENI Amid Energy Sector Struggles
The government of Ghana is set to pay $1.1 billion in 2025 to ENI, an energy company, to settle outstanding…
CBN Intensifies Efforts to Combat Forex Speculation Amid Naira’s Minor Decline
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the bank’s commitment to maintaining stability in…
U.S. Fed Rate Hold Triggers Sell-Off of Nigeria Eurobonds Amid Global Market Shifts
The decision by the U.S. Federal Reserve to hold interest rates steady has contributed to a significant sell-off of Nigerian…
OpenAI Unveils GPT-4o-Powered Image Generation Directly in ChatGPT
OpenAI has integrated a powerful new image generation tool into ChatGPT, leveraging its advanced GPT-4o model. This feature allows users…
Ghana Loses $1.2 Billion in Gold Revenue Due to Illegal Smuggling in 2022, Minister Reveals
In 2022, Ghana lost an estimated $1.2 billion in gold revenue due to widespread illegal smuggling, according to Finance Minister…
TikTok Pledges Full Cooperation in Nigerian Data Breach Probe
Short video platform TikTok has committed to fully cooperate with the Nigerian Data Protection Commission (NDPC) as the agency investigates…
Nigeria’s Banking Recapitalisation: A Path to Economic Diversification and Stability
Nigeria’s ongoing banking recapitalization exercise is expected to play a crucial role in shaping the country’s economic future. According to…
Inflation Eases for Second Consecutive Month in Nigeria, Analysts Cite FX Stability
Analysts have highlighted the role of relative stability in Nigeria’s foreign exchange (FX) market in easing inflationary pressures. The country’s…
European Investors Urge AI Companies to Show Quick Returns Amid Rising Pressure
European investors are growing increasingly impatient with AI companies that have spent heavily on generative artificial intelligence without delivering tangible…
Stocks Gain, Dollar Drifts as Traders Ponder Trump Tariff Outlook
Asian stock markets followed Wall Street higher on March 26 as traders awaited more clarity on U.S. President Donald Trump’s…
Nigeria’s Digital Payments and Financial Inclusion Set to Reach $1.5 Trillion by 2030 – Mastercard Report
The digital payments sector in Nigeria and across Africa is projected to reach $1.5 trillion by the end of the…