Business Finance International European Markets Drop as Trump Tariffs Impact Autos, Thales Shares Surge March 4, 2025 Ekemini European markets took a sharp downturn on Tuesday amid growing concerns over the global effects of U.S. tariffs on Mexico, Canada, and China. By 10:40 a.m. in London, the Stoxx…
Business Economy Finance International Bank of Ghana Suspends Gold-for-Oil Programme Amid Policy Challenges March 4, 2025 Ekemini The Bank of Ghana (BoG) has decided to suspend its Gold-for-Oil program due to operational and policy challenges that resulted in financial losses. The initiative, which aimed to reduce the…
Finance International Ghana Saves GH¢1bn After Treasury Bill Rate Reduction March 4, 2025 Ekemini Ghana has saved approximately GH¢1 billion following a significant reduction in Treasury Bill (T-Bill) rates, according to Finance Minister Cassiel Ato Forson. He highlighted that the savings from the lowered…
Business investment Local DMO Announces New FGN Savings Bonds Offering Interest Rates of 16.64% and 17.64% March 4, 2025 Ekemini The Debt Management Office (DMO) has introduced two new Federal Government of Nigeria (FGN) savings bonds, offering attractive interest rates of 16.64% and 17.64%. The bonds are part of the…
Business Finance Local United Capital Proposes N9bn Final Dividend Following Strong 2024 Performance March 4, 2025 Ekemini United Capital Plc has announced a final dividend of N9 billion, equivalent to 50 kobo per share, for the year ended December 31, 2024. This proposal comes after the company’s…
Business International Technology DeepSeek’s Growth Highlights the Rise of China’s AI Industry, Says Official March 4, 2025 Ekemini DeepSeek, a rising AI startup based in Hangzhou, is being hailed as a symbol of China’s growing prominence in artificial intelligence. According to Lou Qinjian, a spokesperson for China’s parliament,…
Business Finance International investment Hedge Funds and Institutional Investors Boost Retail Store Stocks Amid Economic Uncertainty March 4, 2025 Ekemini In recent months, institutional investors, including hedge funds, have increased their investments in both online and brick-and-mortar retail companies, signaling confidence in the sector despite ongoing economic uncertainty. Notable among…
Business Local Cash Crunch Drives 171% Surge in Bank Borrowings from CBN Amid Tight Monetary Policy March 4, 2025 Ekemini The Central Bank of Nigeria (CBN) has seen a significant rise in bank borrowings, with a 171% increase month-on-month (MoM) from N9.15 trillion in January 2025 to N24.81 trillion in…
Economy Local Technology Nigeria Customs Service Enhances Trade Efficiency with Full Bank Integration and B’Odogwu System March 4, 2025 Ekemini The Nigeria Customs Service (NCS) has announced the full integration of all commercial banks for Form ‘M’ openings, a significant step in improving Nigeria’s trade facilitation processes. This move is…
Business International investment GIPC CEO Calls for Diversification of Foreign Direct Investment in Ghana March 4, 2025 Ekemini The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Simon Madjie, has advocated for diversifying Foreign Direct Investment (FDI) in Ghana beyond the country’s traditionally strong sectors like…
Business Economy Local Selling Price Inflation Eases in Nigeria, Business Activity Accelerates in February March 4, 2025 Ekemini Nigeria’s selling price inflation slowed to a seven-month low in February, according to the latest Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) report. Despite persistent inflationary pressures, the rate…
Business Economy Local CBN Strengthens Nigeria’s Financial System with Strategic Policy Recalibration March 4, 2025 Ekemini The Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, is recalibrating its monetary policy tools to enhance the nation’s financial system’s resilience amid evolving economic challenges.…
Business International Nigeria and UK Strengthen Trade Relations with National Quality Policy to Drive Economic Growth March 4, 2025 Ekemini Nigeria and the United Kingdom have reinforced their commitment to enhancing bilateral trade and economic growth through the implementation of Nigeria’s National Quality Policy (NNQP). This initiative is part of…
Business International Technology China to Launch Policy Supporting Nationwide RISC-V Chip Adoption March 4, 2025 Ekemini China is set to issue a policy to promote the use of open-source RISC-V chip technology nationwide, aiming to reduce its reliance on Western-owned tech. This initiative, expected to be…
Business International Technology Etranzact Ghana Named ‘Fintech Company of the Year’ at 2025 Ghana Fintech Awards March 4, 2025 Ekemini Etranzact Ghana, a leader in payment technology services, was awarded the prestigious ‘Fintech Company of the Year’ title at the 4th Ghana Fintech Awards held on March 1, 2025, at…
Finance Local Macroeconomic Nigerian Money Market Liquidity Rebounds in February, Likely to Sustain Bullish Trend March 4, 2025 Ekemini In February 2025, the Nigerian money market witnessed a notable improvement in system liquidity, reaching N572.8 billion, compared to a deficit of N307.5 billion recorded in January. This rebound was…
Business Local Technology U.S. Consulate Partners to Empower 120 Nigerian Technicians for Economic Growth March 4, 2025 Ekemini The U.S. Consulate General Lagos has collaborated with the Field of Skills and Dreams VTE Academy to launch the Emerging Technicians Conference, an initiative aimed at equipping young Nigerian technicians…
Business Local Stock Market Begins March on a Negative Note, Drops by 0.34% March 4, 2025 Ekemini The Nigerian stock market opened March 2025 on a downturn, as investors engaged in profit-taking across various stocks, including NASCON Allied Industries Plc. The market saw a 0.34% decline, with…
Business Finance Local CBN Enhances Oversight to Safeguard Nigeria’s Financial System March 4, 2025 Ekemini The Central Bank of Nigeria (CBN) is intensifying efforts to ensure a transparent and resilient financial system by strengthening regulatory compliance and risk management in Nigerian financial institutions. This move…
Business Economy Local Nigeria’s Key Economic Sectors Stagnant, Urgent Reforms Needed for Growth – Economist March 3, 2025 Ekemini Nigeria’s economy has been facing significant challenges, with key sectors that are crucial for its economic growth remaining stagnant or declining. Professor Bongo Adi, a renowned economist from the Lagos…
investment Local Nigeria Plans $122 Billion Investment to Diversify Energy Sources and Enhance Grid Stability March 3, 2025 Ekemini The Federal Government of Nigeria has unveiled a plan to secure $122.2 billion in investments aimed at diversifying the country’s energy sources and enhancing the stability of its energy infrastructure.…
International Macroeconomic Lutnick Proposes Excluding Government Spending from GDP March 3, 2025 Ekemini U.S. Commerce Secretary Howard Lutnick recently announced plans to remove government spending from the GDP report, aiming to make it more transparent. Lutnick criticized the historical practice of including government…
Economy Local Technology Nigeria’s Real Estate Sector Becomes the Third Largest Contributor to GDP March 3, 2025 Ekemini Nigeria’s real estate sector has gained significant attention as it emerged as the third largest contributor to the country’s GDP following the rebasing of its economic data. Valued at $2.14…
International Macroeconomic European Markets Choppy as Defense Stocks Surge; Thales and BAE Systems See Significant Gains March 3, 2025 Ekemini European markets experienced volatility on Monday, as defense stocks surged following high-level discussions among regional leaders about increasing military spending. The Stoxx 600 index fluctuated between gains and losses, eventually…
Business Finance Local Stock Ten Stockbrokers Trade Over N601 Billion on NGX in First Two Months of 2025 March 3, 2025 Ekemini In the first two months of 2025, ten stockbrokers on the Nigerian Exchange Limited (NGX) facilitated transactions totaling N601.078 billion, accounting for over half of the exchange’s trade value. Cardinalstone…
Business International Macroeconomic Ghana’s T-Bill Rates Plummet to New Lows: What’s Next for Investors? March 3, 2025 Ekemini On February 28, 2025, treasury bill rates saw a remarkable drop, marking one of the most significant declines in decades. Auction results from the Bank of Ghana revealed that rates,…
Business Finance Local NGX Group Sees 157.3% Surge in Profit, Reaches Record N13.6 Billion for 2024 March 3, 2025 Ekemini NGX Group has reported a significant profit before tax (PBT) of N13.6 billion for the year ending 31 December 2024, marking a remarkable 157.3% increase compared to N5.27 billion in…
Business International Technology Bitcoin Rallies Over 20% After Trump Announces Strategic Crypto Reserve March 3, 2025 Ekemini Bitcoin surged over 20% from last week’s lows after U.S. President Donald Trump announced plans to include cryptocurrencies like Bitcoin, Ether, XRP, Solana, and Cardano in a new strategic reserve.…
Business Finance Local CBN Enhances Financial Oversight to Strengthen Compliance with Global Banking Standards March 3, 2025 Ekemini The Central Bank of Nigeria (CBN) has reaffirmed its commitment to reinforcing the nation’s financial sector by enhancing regulatory oversight, risk management, and compliance with international banking standards. The apex…
Business Local Technology South Africa Fines Google R500 Million and Investigates Tech Giants Over Advertising Imbalance March 3, 2025 Ekemini South Africa’s Competition Commission has launched an investigation into major tech companies, including Google, X, and Meta, for their role in the imbalance of advertising revenue within the country’s digital…
