Nigerian Equity Market Recovers with N369bn Gain, Boosting Investor Confidence
The Nigerian equity market experienced a strong rebound on Monday, gaining N369 billion as the All-Share Index rose by 0.56%,…
Month: March 2025
China’s Vice Premier Meets Blackstone Chairman to Discuss Economic Cooperation
In a significant meeting in Beijing, China’s Vice Premier He Lifeng met with Stephen Schwarzman, the Chairman of Blackstone, the…
Mercurie Launches Naira Payment Solution for Nigerian Businesses
Cross-border payment issues have long hindered the growth of Nigerian businesses, with over 4.9 million companies facing challenges in managing…
Money Market Funds Stay Attractive Despite Rate Decline, Offering Strong Returns
Money market funds (MMFs) continue to be a reliable investment option, even as interest rates on most instruments have declined.…
UK, Nigeria, and Ghana Launch £1.9 Million Initiative to Boost West Africa’s Tech Ecosystem
The UK, Nigeria, and Ghana have launched the Sankore initiative, a £1.9 million program aimed at enhancing science, technology, and…
Borrowing Costs Expected to Rise as Nigeria Faces Tightening Banking Liquidity
Businesses in Nigeria may soon experience higher borrowing costs due to a continued dip in banking system liquidity, which has…
Nigerian Equities Market Continues Downward Trend, Investors Lose N532bn in 4th Consecutive Week
The Nigerian equities market has faced a fourth consecutive week of losses, with heightened selling pressure and macroeconomic concerns causing…
Bitcoin Surges Above $86,000 as Crypto Market Rides Positive Sentiment
Bitcoin and other leading cryptocurrencies experienced notable gains on Monday, driven by strong investor optimism. Bitcoin rose 3.2%, reaching $86,590,…
Telecom Sector Growth Hinges on AI, B2B Services, and Strategic Innovation Amidst Rising Costs
The Nigerian telecom sector is grappling with steep tariff hikes, leaving consumers like Adebayo, a Lagos-based small business owner, shocked…
SEC Intensifies Measures Against Fraud, Promises Stricter Oversight of Nigeria’s Capital Market
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to protecting investors in Nigeria’s capital market by cracking down…
China’s Economic Resilience and Business Potential Highlighted at Forum Despite Tariff Concerns
Vice Premier He Lifeng reassured foreign business leaders about China’s economic prospects during the China Development Forum, emphasizing the country’s…
Tony Elumelu Foundation Grants African Entrepreneurs Over $115m, Create 1.5m Jobs
The Tony Elumelu Foundation (TEF) has distributed over $115 million in grants to African entrepreneurs, benefiting more than 24,000 individuals…
Ghana Government Falls Short of Treasury Bill Target by GH¢2.8 Billion
In its latest Treasury bill auction, the Ghanaian government has missed its target by GH¢2.8 billion, marking the first shortfall…
RackCentre Expands Nigeria’s Digital Infrastructure with New AI Data Centre
RackCentre is making a significant contribution to Nigeria’s digital economy with the launch of its new 12 Megawatt Artificial Intelligence…
European Markets Rise on Germany’s Debt Reform and Trump-Putin Call
European stock markets closed higher on March 18, 2025, with investors focusing on key developments including Germany’s landmark fiscal reform…
Revitalizing Nigeria’s Creative Economy: CBN’s Push for a $25 Billion Growth Opportunity
The Central Bank of Nigeria (CBN), in partnership with the Bankers’ Committee, is spearheading efforts to transform the country’s creative…
China’s Equity Market Sees Strong Revival as Tech Sector Attracts Global Investors
Global investors are showing renewed interest in mainland China’s stock markets, marking a shift after two years of hesitation. This…
Bank of Ghana’s MPC Holds Key Meeting Amid Economic Pressures
The Bank of Ghana’s Monetary Policy Committee (MPC) has started its 123rd meeting today, which will focus on evaluating the…
Naira struggles at official window, depreciates to 1536/$
The naira faced significant challenges at the official exchange rate window last week, depreciating by 1.25% to settle at 1536.89/$…
China Encouraged to Increase Investments and Technology Transfer to Boost Nigeria’s Economy
Nigeria’s Honourable Minister of Works, David Umahi, recently urged the Chinese government to enhance its investments in Nigeria’s economy, particularly…
African Finance Ministers Push for Immediate AfCFTA Implementation to Drive Trade and Economic Growth
The 57th session of the Conference of African Ministers of Finance, Planning, and Economic Development, held in Addis Ababa, Ethiopia,…
Overcoming Data Integration Challenges: The Key to Unlocking the Full Potential of AI Agents
The challenge facing 95% of IT leaders when it comes to AI agents lies in overcoming data integration issues. As…
FG Moves to Harmonize Fiscal Data for Economic Stability and Investor Confidence
The Federal Government of Nigeria is taking proactive steps to harmonize fiscal data across various government agencies, aiming to improve…
FG Focuses on Reducing Production Costs to Tackle Food Inflation and Improve Accessibility
The Nigerian government is taking steps to address food inflation and accessibility by reducing production costs in the agricultural sector.…
NHRC to Collaborate with Tech Companies to Mitigate AI Risks in Nigeria
The National Human Rights Commission (NHRC) of Nigeria has announced its plans to engage technology companies in addressing the potential…
Flutterwave Partners with FIRS for Seamless Digital Tax Payment System
Flutterwave, a leading African payment technology company, has joined forces with the Federal Inland Revenue Service (FIRS) to enable digital…
Hong Kong Markets Drop Over 2% Amid U.S. Economic Uncertainty, Asia’s Stock Performance Mixed
Hong Kong’s stock market took a significant hit on Friday, with the Hang Seng Index plunging 2.19% to end the…
Sabotage of Trans-Niger Pipeline Threatens Nigeria’s Oil Production Recovery
Recent sabotage of Nigeria’s Trans-Niger Pipeline (TNP) has raised concerns over the country’s oil security just as it was making…
Perplexity AI in Talks to Raise Funds at $18 Billion Valuation
Perplexity AI, an artificial intelligence startup focused on search tools, is in discussions to raise funding at an $18 billion…
Naira Holds Steady Against Dollar in Black Market, Slightly Depreciates Officially
The naira remained stable against the dollar at the parallel foreign exchange market on Thursday, closing at N1,585 per dollar,…