Intel Announces Major Board Changes as CEO Pushes for Turnaround
Intel Corp. has announced that three of its board members will retire and not seek reelection at the company’s 2025…
Day: March 27, 2025
Liquidity Surge Reduces T-Bill Yields, Eases Borrowing Costs for Nigerian Government
Increased liquidity in Nigeria’s financial markets has led to a decline in the yields on one-year Treasury bills (T-Bills), easing…
Google Launches Gemini 2.5, Setting New Benchmark in AI Reasoning Amid Fierce Competition
Google has unveiled Gemini 2.5, its most advanced artificial intelligence model yet, which promises to revolutionize AI performance and reasoning…
Nigerian Banks Turn to Expensive Commercial Papers Amid Liquidity Crisis
In response to mounting liquidity challenges, Nigerian banks are increasingly resorting to expensive short-term commercial papers (CPs) to manage their…
Nigeria and EU Discuss €1.3 Billion Investment, Economic Reforms to Boost Growth
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with the European Union (EU) Ambassador to…
Experts Call for Financing, Technology, and Mechanization to Boost Nigeria’s Agriculture
At the BusinessDay Future of Agriculture Conference in Lagos, experts addressed the challenges hindering Nigeria’s agricultural sector, with a particular…
Bank of America Sees 80% Surge in Mortgage Applications in Q1
Bank of America has reported a significant 80% jump in mortgage applications during the first quarter of 2025, driven by…
Senate Investigates Rising Data Costs and Pushes for Mandatory Citizen Registration
The Nigerian Senate has directed its Committee on Communications to investigate the recent surge in data costs by telecommunications providers.…
Surge in Attacks on Telecom Infrastructure Raises Doubts Over Nigeria’s Protection Policy
Telecom infrastructure in Nigeria is under increasing threat, with rising incidents of fibre cuts, equipment thefts, and vandalism casting doubt…
Naira Strengthens in Black Market After Cardoso’s Warning, Weakens at Official Market
The Naira experienced a positive shift in the parallel foreign exchange (FX) market on Wednesday, gaining N10 against the US…
Trump’s Trade War: Rising Risks for Nigeria and Other Economies Amid Tariffs
US President Donald Trump’s new tariffs targeting Mexico, Canada, and China are stirring concerns about global economic fallout, with particular…
Asia-Pacific Markets See Mixed Trading Amid Wall Street Decline Following Trump’s Auto Tariffs
Asia-Pacific stock markets experienced mixed results on Thursday, as investors reacted to U.S. President Donald Trump’s announcement of a 25%…
Trump Proposes Tariff Reduction to Finalize TikTok Deal with China
U.S. President Donald Trump has expressed willingness to reduce tariffs on China in exchange for a deal regarding the sale…
US Dollar Strengthens Amid Ongoing Tariff Uncertainty and Economic Data
The US dollar gained strength against both the Euro and the Japanese Yen on Wednesday, as traders closely monitored potential…
Nigeria Must Invest $15 Million Annually to Boost Statistical Performance, Says World Bank
The World Bank has recommended that Nigeria invest between $10 million and $15 million annually to enhance its national statistical…
mediaReachOMD Launches AI-Driven OCI 2.0 to Revolutionize Consumer Insights
In celebration of its 25th anniversary, mediaReachOMD has unveiled OCI 2.0, the latest evolution of its proprietary consumer intelligence platform.…
Trump Threatens Larger Tariffs on Canada, EU Over Economic Harm to U.S.
U.S. President Donald Trump has warned that he could impose significantly higher tariffs on Canada and the European Union (EU)…
Global Stocks Drop as Trump Announces New Auto Tariffs, China Defies the Trend
Global stock markets took a hit on Thursday following U.S. President Donald Trump’s announcement of new 25% tariffs on automotive…
Nigeria’s Broadband Penetration Reaches 45.61% Despite Decline in Telecom GDP Contribution
Nigeria’s broadband penetration has shown consistent growth, reaching 45.61% as of January 2025, with a total subscription of 98.8 million…
NGX Market Capitalisation Drops by N74bn Amid Bearish Market Trend
The Nigerian Exchange Limited (NGX) experienced a decline in market capitalisation by N74 billion at the close of trading on…
CBN’s Strategic Forex Reforms Boost Naira Stability Amid Economic Recovery
Nigeria’s Central Bank (CBN) has made significant strides to stabilize the naira by enhancing the country’s foreign exchange reserves and…