European Markets Drop as Trump Tariffs Impact Autos, Thales Shares Surge
European markets took a sharp downturn on Tuesday amid growing concerns over the global effects of U.S. tariffs on Mexico,…
Month: March 2025
Bank of Ghana Suspends Gold-for-Oil Programme Amid Policy Challenges
The Bank of Ghana (BoG) has decided to suspend its Gold-for-Oil program due to operational and policy challenges that resulted…
Ghana Saves GH¢1bn After Treasury Bill Rate Reduction
Ghana has saved approximately GH¢1 billion following a significant reduction in Treasury Bill (T-Bill) rates, according to Finance Minister Cassiel…
DMO Announces New FGN Savings Bonds Offering Interest Rates of 16.64% and 17.64%
The Debt Management Office (DMO) has introduced two new Federal Government of Nigeria (FGN) savings bonds, offering attractive interest rates…
United Capital Proposes N9bn Final Dividend Following Strong 2024 Performance
United Capital Plc has announced a final dividend of N9 billion, equivalent to 50 kobo per share, for the year…
DeepSeek’s Growth Highlights the Rise of China’s AI Industry, Says Official
DeepSeek, a rising AI startup based in Hangzhou, is being hailed as a symbol of China’s growing prominence in artificial…
Hedge Funds and Institutional Investors Boost Retail Store Stocks Amid Economic Uncertainty
In recent months, institutional investors, including hedge funds, have increased their investments in both online and brick-and-mortar retail companies, signaling…
Cash Crunch Drives 171% Surge in Bank Borrowings from CBN Amid Tight Monetary Policy
The Central Bank of Nigeria (CBN) has seen a significant rise in bank borrowings, with a 171% increase month-on-month (MoM)…
Nigeria Customs Service Enhances Trade Efficiency with Full Bank Integration and B’Odogwu System
The Nigeria Customs Service (NCS) has announced the full integration of all commercial banks for Form ‘M’ openings, a significant…
GIPC CEO Calls for Diversification of Foreign Direct Investment in Ghana
The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Simon Madjie, has advocated for diversifying Foreign Direct Investment…
Selling Price Inflation Eases in Nigeria, Business Activity Accelerates in February
Nigeria’s selling price inflation slowed to a seven-month low in February, according to the latest Stanbic IBTC Bank Nigeria Purchasing…
CBN Strengthens Nigeria’s Financial System with Strategic Policy Recalibration
The Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, is recalibrating its monetary policy tools to…
Nigeria and UK Strengthen Trade Relations with National Quality Policy to Drive Economic Growth
Nigeria and the United Kingdom have reinforced their commitment to enhancing bilateral trade and economic growth through the implementation of…
China to Launch Policy Supporting Nationwide RISC-V Chip Adoption
China is set to issue a policy to promote the use of open-source RISC-V chip technology nationwide, aiming to reduce…
Etranzact Ghana Named ‘Fintech Company of the Year’ at 2025 Ghana Fintech Awards
Etranzact Ghana, a leader in payment technology services, was awarded the prestigious ‘Fintech Company of the Year’ title at the…
Nigerian Money Market Liquidity Rebounds in February, Likely to Sustain Bullish Trend
In February 2025, the Nigerian money market witnessed a notable improvement in system liquidity, reaching N572.8 billion, compared to a…
U.S. Consulate Partners to Empower 120 Nigerian Technicians for Economic Growth
The U.S. Consulate General Lagos has collaborated with the Field of Skills and Dreams VTE Academy to launch the Emerging…
Stock Market Begins March on a Negative Note, Drops by 0.34%
The Nigerian stock market opened March 2025 on a downturn, as investors engaged in profit-taking across various stocks, including NASCON…
CBN Enhances Oversight to Safeguard Nigeria’s Financial System
The Central Bank of Nigeria (CBN) is intensifying efforts to ensure a transparent and resilient financial system by strengthening regulatory…
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…
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…