Africa Business International Macroeconomic Ghana’s Treasury Bill Yields Hit 20-Month Low Amid Fiscal Consolidation Strategy March 10, 2025 Ekemini Treasury bill yields have continued their downward trend, reaching the lowest levels in 20 months, with average rates between 17% and 19%. The Bank of Ghana’s latest data highlights significant…
Local Technology Telecom Tariff Hike Sparks Outrage in Southeast Nigeria March 10, 2025 Ekemini Telecom subscribers in Anambra, Ebonyi, and Enugu States have expressed their dissatisfaction with the recent 50% tariff increase approved by the Nigerian Communications Commission (NCC). The hike, which affects phone…
Business Finance Local Nigeria’s Economic Recovery Gathers Momentum Amid Positive Indicators March 10, 2025 Ekemini Nigeria’s economy is showing encouraging signs of recovery, driven by positive macroeconomic indicators such as rising foreign direct investment (FDI) and a growing GDP. International institutions like the International Monetary…
Business Economy International U.S. Dollar Weakens Amid Trade War Fears, Safe-Haven Currencies Soar March 10, 2025 Ekemini The U.S. dollar is under pressure, trading near a four-month low against major currencies as concerns over a potential global trade war dominate market sentiment. Investors have grown wary following…
Business Local Macroeconomic Rebased GDP to reveal Nigeria’s underlying economic realities March 10, 2025 Ekemini Nigeria is set to unveil a rebased Gross Domestic Product (GDP) for the first quarter of 2025, a revision that has not occurred since 2014. The update shifts the base…
International Technology China’s Top Universities Expand Enrollment to Focus on AI and Strategic Technologies March 10, 2025 Ekemini In a bid to strengthen its capabilities in artificial intelligence (AI) and other key sectors, several of China’s leading universities have announced plans to expand their undergraduate programs. This move…
Business investment Local Macroeconomic Nigeria’s Economic Recovery Spurs Strong Investor Confidence March 10, 2025 Ekemini Nigeria’s economy is showing signs of strong recovery, with inflation easing to 24.5% in January and a steady rise in Foreign Direct Investment (FDI). The Central Bank of Nigeria (CBN),…
Business Economy Local Naira Declines Against Dollar Amid Increased Demand and Tight Liquidity March 10, 2025 Ekemini The Naira experienced a reversal of recent gains last week, depreciating against the U.S. dollar in both the official and parallel markets. By the close of trading, the naira weakened…
Africa Business International Macroeconomic 2025 Budget Crucial for Ghana’s Economic Recovery, Says Finance Minister Ato Forson March 10, 2025 Ekemini Finance Minister Dr. Cassiel Ato Forson has emphasized the significance of the 2025 Budget in stabilizing Ghana’s fragile economy. During a youth engagement session hosted on X Spaces by social…
Business Local Macroeconomic Stakeholders Criticize Inflation Rebase and CBN’s MPC Decision Amid Economic Challenges March 10, 2025 Ekemini The recent rebasing of Nigeria’s inflation rate and the Central Bank of Nigeria’s (CBN) decision to maintain the benchmark interest rate at 27.5% have stirred controversy among stakeholders, including shareholders…
Business Economy International China Faces Growing Economic Uncertainty Amid Trade Tensions and Domestic Challenges March 6, 2025 Ekemini China’s economy is grappling with increasing uncertainty on the international front, as well as domestic challenges, according to top economic official Zheng Shanjie. Speaking at a news conference on March…
Business International Technology Nigeria and UK Strengthen Cybersecurity Collaboration March 6, 2025 Ekemini Nigeria and the United Kingdom have joined forces to enhance the country’s cybersecurity capabilities, focusing on creating a robust National Cybersecurity Architecture. This collaboration is facilitated through the UK/Nigeria Inward…
Business International Technology Microsoft Withdraws from Some CoreWeave Agreements Over Delivery Issues March 6, 2025 Ekemini Microsoft has reportedly pulled back from certain agreements with CoreWeave, a cloud computing provider, due to delivery issues and missed deadlines. The two companies had a significant ongoing partnership, with…
Business Economy Local IMF Highlights Nigeria’s Economic Stability Amid Reforms under Tinubu Government March 6, 2025 Ekemini The International Monetary Fund (IMF) has praised the reforms implemented by Nigeria’s Bola Ahmed Tinubu-led government, noting that these measures have restored economic stability in the country. IMF’s First Deputy…
Africa Business Economy International Ghana Government Considers Listing State-Owned Enterprises on Stock Exchange March 6, 2025 Ekemini The Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has confirmed that the Ghanaian government will consider the possibility of listing State-Owned Enterprises (SOEs) on the Ghana Stock Exchange. This…
Business Finance Local NGX Group Proposes Historic N4.4bn Dividend as Profit Soars to N13.5bn March 6, 2025 Ekemini In a remarkable achievement, Nigerian Exchange Group Plc (NGX Group) has proposed a record dividend of N4.4 billion, marking a significant milestone in the company’s financial performance. This proposal comes…
Business Local Stock Market Experiences Continued Downturn with N289bn Loss March 6, 2025 Ekemini The Nigerian stock market continued its decline on March 5, 2025, as the overall capitalization dropped by N289 billion, reflecting a persistent bearish trend. The All-Share Index fell by 467.77…
International Macroeconomic Stocks Rise as U.S. Tariff Tensions Ease; Euro Strengthens Ahead of ECB Decision March 6, 2025 Ekemini Asian stock markets saw gains on Thursday as investor sentiment improved following news that U.S. President Donald Trump had granted a one-month exemption to some automakers from tariffs imposed on…
Business Local United Capital Delivers Strong 2024 Financial Results with N2.40k Dividend Payout to Shareholders March 6, 2025 Ekemini United Capital Plc (UCAP) has announced a total dividend payout of N2.40 per share for 2024, rewarding shareholders with remarkable returns following a year of exceptional growth. The company’s profit…
Business Local FCMB’s Continued Support for the Blind Celebrated by FNSB March 6, 2025 Ekemini The Federal Nigeria Society for the Blind (FNSB) has praised First City Monument Bank (FCMB) for its ongoing contributions to supporting the visually impaired community in Nigeria. FCMB has provided…
Business International Technology Telecoms Industry Faces Growth Challenges, Yet Revenue Set to Reach $1.1 Trillion by 2028 March 6, 2025 Ekemini The global telecoms industry is expected to see steady revenue growth despite significant challenges, with projected revenue reaching $1.1 trillion by 2028. According to PwC’s Global Telecoms Outlook, the industry…
Africa International Technology Africa Strengthens Cybersecurity with Stricter Data Protection Laws March 6, 2025 Ekemini In a significant move toward enhancing data security, 39 out of 55 African nations have now enacted data protection laws, signaling a growing commitment to safeguarding personal information in the…
Business Local Macroeconomic CBN Reinforces Oversight to Strengthen Financial System Amid Rising Global Challenges March 6, 2025 Ekemini The Central Bank of Nigeria (CBN) is enhancing its regulatory framework to ensure the stability and resilience of the nation’s financial system. Under the leadership of Olayemi Cardoso, the CBN…
Business International Macroeconomic US Economic Activity Increases Slightly Amid Rising Tariff Concerns, Fed Survey Reveals March 6, 2025 Ekemini A recent report from the Federal Reserve indicates that U.S. economic activity has experienced modest growth since mid-January, with employment rising slightly and prices increasing at a moderate pace. However,…
Business Finance International Bank of Ghana to Commission Value-for-Money Audit on $261M Headquarters Project March 6, 2025 Ekemini The Bank of Ghana (BoG) has announced plans to contract Architectural and Engineering Services Limited (AESL) for a value-for-money audit of its $261 million new headquarters project. The decision comes…
Finance International investment Macroeconomic Foreign Investors Drive Nigerian Eurobonds’ February Rally March 6, 2025 Ekemini Nigeria’s Eurobond market posted a strong performance in February, reflecting growing foreign investor confidence. Data from the Debt Management Office (DMO) showed that the average yield on Nigerian Eurobonds fell…
Business Economy Finance Local Naira Stability Outlook Strong as CBN Maintains FX Market Interventions March 4, 2025 Ekemini The Central Bank of Nigeria (CBN) is expected to maintain the stability of the naira in the coming weeks through its ongoing interventions in the foreign exchange (FX) market. Recently,…
Business investment Local Nigeria Secures $50.8 Billion in Global Trade Investment Deals March 4, 2025 Ekemini Nigeria has made significant strides in its economic diversification efforts, securing over $50.8 billion in investment commitments from international partners. This achievement follows a series of engagements, particularly during President…
Business International Technology Dubai Leads as Most Digitally Dependent City in 2025 March 4, 2025 Ekemini Dubai has claimed the top spot as the most digitally dependent city in the world for 2025, according to a recent study by ZeroBounce. The ranking assessed cities based on…
Business International Technology Nvidia and Broadcom Test Intel’s 18A Chip Process Amid Delays in Foundry Business March 4, 2025 Ekemini Nvidia and Broadcom are reportedly conducting tests on Intel’s 18A chip manufacturing process, a critical step as both companies evaluate whether to invest in Intel’s struggling foundry business. This testing…
