Finance Local Macroeconomic Nigerian Equity Market Recovers with N369bn Gain, Boosting Investor Confidence March 25, 2025 Ekemini The Nigerian equity market experienced a strong rebound on Monday, gaining N369 billion as the All-Share Index rose by 0.56%, closing at 105,551.39 points. This gain reversed the losses from…
Business International Macroeconomic China’s Vice Premier Meets Blackstone Chairman to Discuss Economic Cooperation March 25, 2025 Ekemini In a significant meeting in Beijing, China’s Vice Premier He Lifeng met with Stephen Schwarzman, the Chairman of Blackstone, the world’s largest alternative asset manager. According to a report by…
Business Finance Local Technology Mercurie Launches Naira Payment Solution for Nigerian Businesses March 25, 2025 Ekemini Cross-border payment issues have long hindered the growth of Nigerian businesses, with over 4.9 million companies facing challenges in managing international subscriptions, fluctuating foreign currency rates, and complex payment systems.…
Finance investment Local Money Market Funds Stay Attractive Despite Rate Decline, Offering Strong Returns March 25, 2025 Ekemini Money market funds (MMFs) continue to be a reliable investment option, even as interest rates on most instruments have declined. These funds, which invest in short-term debt securities such as…
International Technology UK, Nigeria, and Ghana Launch £1.9 Million Initiative to Boost West Africa’s Tech Ecosystem March 24, 2025 Ekemini The UK, Nigeria, and Ghana have launched the Sankore initiative, a £1.9 million program aimed at enhancing science, technology, and innovation (ST&I) in West Africa. The initiative, backed by the…
Business Local Macroeconomic Borrowing Costs Expected to Rise as Nigeria Faces Tightening Banking Liquidity March 24, 2025 Ekemini Businesses in Nigeria may soon experience higher borrowing costs due to a continued dip in banking system liquidity, which has recently expanded to a N1.7 trillion deficit. This deficit signals…
Business investment Local Nigerian Equities Market Continues Downward Trend, Investors Lose N532bn in 4th Consecutive Week March 24, 2025 Ekemini The Nigerian equities market has faced a fourth consecutive week of losses, with heightened selling pressure and macroeconomic concerns causing investor sentiment to weaken. The Nigerian Exchange All-Share Index (NGX…
Finance International investment Bitcoin Surges Above $86,000 as Crypto Market Rides Positive Sentiment March 24, 2025 Ekemini Bitcoin and other leading cryptocurrencies experienced notable gains on Monday, driven by strong investor optimism. Bitcoin rose 3.2%, reaching $86,590, while Ethereum gained 2.3%, trading at $2,047. The global cryptocurrency…
Business Local Technology Telecom Sector Growth Hinges on AI, B2B Services, and Strategic Innovation Amidst Rising Costs March 24, 2025 Ekemini The Nigerian telecom sector is grappling with steep tariff hikes, leaving consumers like Adebayo, a Lagos-based small business owner, shocked by the surge in mobile data costs. For instance, the…
Business Finance Local SEC Intensifies Measures Against Fraud, Promises Stricter Oversight of Nigeria’s Capital Market March 24, 2025 Ekemini The Securities and Exchange Commission (SEC) has reaffirmed its commitment to protecting investors in Nigeria’s capital market by cracking down on fraudulent activities. SEC Director-General Dr. Emomotimi Agama emphasized that…
Business International Macroeconomic China’s Economic Resilience and Business Potential Highlighted at Forum Despite Tariff Concerns March 24, 2025 Ekemini Vice Premier He Lifeng reassured foreign business leaders about China’s economic prospects during the China Development Forum, emphasizing the country’s resilience and potential for investment. He met with CEOs from…
Africa Business Local Tony Elumelu Foundation Grants African Entrepreneurs Over $115m, Create 1.5m Jobs March 24, 2025 Ekemini The Tony Elumelu Foundation (TEF) has distributed over $115 million in grants to African entrepreneurs, benefiting more than 24,000 individuals and creating over 1.5 million jobs across the continent. TEF’s…
Africa Business Local Macroeconomic Ghana Government Falls Short of Treasury Bill Target by GH¢2.8 Billion March 24, 2025 Ekemini In its latest Treasury bill auction, the Ghanaian government has missed its target by GH¢2.8 billion, marking the first shortfall this year. The government set out to raise GH¢6.14 billion…
Local Technology RackCentre Expands Nigeria’s Digital Infrastructure with New AI Data Centre March 24, 2025 Ekemini RackCentre is making a significant contribution to Nigeria’s digital economy with the launch of its new 12 Megawatt Artificial Intelligence (AI)-oriented data centre. Located in Lagos, the new facility aims…
International Macroeconomic Market European Markets Rise on Germany’s Debt Reform and Trump-Putin Call March 24, 2025 Ekemini European stock markets closed higher on March 18, 2025, with investors focusing on key developments including Germany’s landmark fiscal reform and a crucial phone call between U.S. President Donald Trump…
Business Local Macroeconomic Revitalizing Nigeria’s Creative Economy: CBN’s Push for a $25 Billion Growth Opportunity March 24, 2025 Ekemini The Central Bank of Nigeria (CBN), in partnership with the Bankers’ Committee, is spearheading efforts to transform the country’s creative industry into a major economic driver. This initiative focuses on…
Finance International investment Technology China’s Equity Market Sees Strong Revival as Tech Sector Attracts Global Investors March 24, 2025 Ekemini Global investors are showing renewed interest in mainland China’s stock markets, marking a shift after two years of hesitation. This has led to a significant increase in equity issuance, which…
Africa Business Local Macroeconomic Bank of Ghana’s MPC Holds Key Meeting Amid Economic Pressures March 24, 2025 Ekemini The Bank of Ghana’s Monetary Policy Committee (MPC) has started its 123rd meeting today, which will focus on evaluating the current economic conditions and determining measures to ensure financial stability.…
Business Local Macroeconomic Naira struggles at official window, depreciates to 1536/$ March 24, 2025 Ekemini The naira faced significant challenges at the official exchange rate window last week, depreciating by 1.25% to settle at 1536.89/$ by Friday. Starting the week at 1,528.03/$, the currency’s decline…
Business Local Macroeconomic China Encouraged to Increase Investments and Technology Transfer to Boost Nigeria’s Economy March 24, 2025 Ekemini Nigeria’s Honourable Minister of Works, David Umahi, recently urged the Chinese government to enhance its investments in Nigeria’s economy, particularly in the area of infrastructure. During a courtesy visit by…
Business Finance Local Macroeconomic African Finance Ministers Push for Immediate AfCFTA Implementation to Drive Trade and Economic Growth March 21, 2025 Ekemini The 57th session of the Conference of African Ministers of Finance, Planning, and Economic Development, held in Addis Ababa, Ethiopia, emphasized the urgent need for the full-scale implementation of the…
International Technology Overcoming Data Integration Challenges: The Key to Unlocking the Full Potential of AI Agents March 21, 2025 Ekemini The challenge facing 95% of IT leaders when it comes to AI agents lies in overcoming data integration issues. As more organizations embrace AI agents, particularly with the rise of…
Business Local Macroeconomic FG Moves to Harmonize Fiscal Data for Economic Stability and Investor Confidence March 21, 2025 Ekemini The Federal Government of Nigeria is taking proactive steps to harmonize fiscal data across various government agencies, aiming to improve economic stability and boost investor confidence. This move was announced…
Business Local Macroeconomic FG Focuses on Reducing Production Costs to Tackle Food Inflation and Improve Accessibility March 21, 2025 Ekemini The Nigerian government is taking steps to address food inflation and accessibility by reducing production costs in the agricultural sector. Senator Sabi Abdullahi, the Minister of State for Agriculture and…
Local Technology NHRC to Collaborate with Tech Companies to Mitigate AI Risks in Nigeria March 21, 2025 Ekemini The National Human Rights Commission (NHRC) of Nigeria has announced its plans to engage technology companies in addressing the potential harms associated with Artificial Intelligence (AI) applications in the country.…
Local Technology Flutterwave Partners with FIRS for Seamless Digital Tax Payment System March 21, 2025 Ekemini Flutterwave, a leading African payment technology company, has joined forces with the Federal Inland Revenue Service (FIRS) to enable digital tax collections in Nigeria. This partnership aims to simplify and…
Business International Macroeconomic Hong Kong Markets Drop Over 2% Amid U.S. Economic Uncertainty, Asia’s Stock Performance Mixed March 21, 2025 Ekemini Hong Kong’s stock market took a significant hit on Friday, with the Hang Seng Index plunging 2.19% to end the day at 23,689.72. This decline was primarily driven by losses…
Business Economy Energy Local Sabotage of Trans-Niger Pipeline Threatens Nigeria’s Oil Production Recovery March 21, 2025 Ekemini Recent sabotage of Nigeria’s Trans-Niger Pipeline (TNP) has raised concerns over the country’s oil security just as it was making strides in boosting crude production and attracting investment. The attack,…
International Technology Perplexity AI in Talks to Raise Funds at $18 Billion Valuation March 21, 2025 Ekemini Perplexity AI, an artificial intelligence startup focused on search tools, is in discussions to raise funding at an $18 billion valuation, according to sources close to the matter. This marks…
Business Finance Local Macroeconomic Naira Holds Steady Against Dollar in Black Market, Slightly Depreciates Officially March 21, 2025 Ekemini The naira remained stable against the dollar at the parallel foreign exchange market on Thursday, closing at N1,585 per dollar, the same rate as the previous day. Abubakar Alhasan, a…
