General Insurance Industry Contributes 14.4% More to Nigeria’s GDP in 2024
The Nigerian general insurance industry contributed N349.01 billion to the nation’s economy in 2024, marking a 14.4% year-on-year increase from…
Day: March 28, 2025
Wall Street Faces Volatility Ahead with Tariff Deadline and Key Jobs Data
U.S. stocks are experiencing a rocky period as the market braces for a critical week ahead, marked by President Donald…
Berlin Considers All Options in Response to U.S. Tariffs, Including Targeting Tech Giants
The German government has stated that “nothing is off the table” regarding potential responses to the threat of U.S. tariffs,…
Wall Street Braces for Trump’s Tariff Announcement Amid Ongoing Uncertainty
Wall Street is anxiously awaiting U.S. President Donald Trump’s tariff policy announcement on April 2, hoping it will provide some…
IMF Urges Nigeria to Prioritize Cash Transfers for Vulnerable Households
The International Monetary Fund (IMF) has called on the Nigerian government to expedite the completion of its cash transfer program…
OpenAI Implements Temporary Limits on ChatGPT’s Image Generation Feature Due to High Demand
OpenAI’s new image generation feature in ChatGPT, launched earlier this week, has faced rapid adoption, leading to unexpected server strain.…
Nigeria Accelerates Digital Trade Agenda Under AfCFTA, Seeks Global Partnerships
Nigeria is intensifying its efforts to expand digital trade under the African Continental Free Trade Area (AfCFTA), with a strong…
Nigeria’s Interbank Lending Rate Reaches 5-Year High Amid Central Bank’s Tightened Monetary Policy
Nigeria’s interbank lending rate hit a five-year high of 28.58 percent in January 2025, as the Central Bank of Nigeria…
Gaps in Broadband and Data Centres Threaten Nigeria’s $1tn Economy Target, Warn Telcos
Nigeria’s ambition to reach a $1 trillion economy by 2031 is at risk due to significant gaps in its digital…
MTN Ghana Reports 34% Revenue Growth and Announces Dividend Payout for 2024
MTN Ghana has delivered strong financial results for 2024, showcasing a remarkable 34.5% year-on-year increase in service revenue. This growth…
Nigeria Calls for Global Unity to Address Urbanization Challenges Amid Global Shifts
Nigeria’s government has called for innovative solutions and enhanced international cooperation to tackle the pressing urban development challenges in light…
US Suspends Financial Contributions to WTO Amid Review of Global Commitments
The United States has temporarily halted its financial contributions to the World Trade Organization (WTO) as part of an ongoing…
Nigerian Stock Market Suffers N31bn Loss Amid Mixed Sector Performances
The Nigerian Exchange Limited continued its downward trend on Thursday, with the market capitalisation dipping by N31 billion. The All-Share…
Dollar Faces Volatility as Inflation Data and Tariffs Loom
The U.S. dollar was poised for a steady finish to the week but on track for a quarterly loss, as…
Stakeholders Advocate for Boosting Local Capital to Fuel Impact Investments in Nigeria
At the 2025 Investors Roundtable in Lagos, key stakeholders from the financial, investment, and development sectors emphasized the importance of…
Asia Stocks Fall Amid Rising US Tariffs, Gold Hits Record High
Asian stock markets saw significant declines on Friday, driven by heavy selling in South Korea and Japan, as fears of…
Nigeria’s Infrastructure Deficit Threatens Economic Growth and Stability
Nigeria’s economy is facing significant challenges due to a growing infrastructure deficit that is impeding business operations, hindering productivity, and…
TotalEnergies Achieves GHS 286M Profit in 2024 and Contributes GHS 1.7B in Taxes to Ghana
TotalEnergies Marketing Ghana PLC reported a notable increase in profits for 2024, posting GHS 286.67 million in profit after tax,…
Nigeria Faces Economic Slowdown as Money Supply Declines for the First Time
Nigeria’s economic outlook is growing increasingly uncertain as the country experiences its first decline in money supply. The Central Bank…