Nigerian Stock Market Sees N35bn Loss Amid Persistent Sell Pressure
Investors in the Nigerian stock market experienced a significant setback on Thursday, with a loss of N35 billion in market…
Month: March 2025
Naira Faces Growing FX Liquidity Risk Amid Economic and Geopolitical Challenges
The Nigerian naira is facing increasing pressure in the foreign exchange market as it depreciated to N1,580/$ in the parallel…
Instagram Outage in the U.S. Nearly Resolved, Reports Show Significant Drop
Meta’s Instagram service experienced a widespread outage across the U.S. on Thursday evening, with users facing difficulties accessing the platform.…
Beijing Supports Manus AI Startup as China Eyes New Tech Giant
Chinese AI startup Manus has gained significant attention following its recent registration of a China-facing AI assistant and its appearance…
Japan’s Core Inflation Hits 3%, Boosting Expectations of BOJ Rate Hike
Japan’s core inflation rate reached 3.0% in February, maintaining pressure on the Bank of Japan (BOJ) to consider further interest…
Bank of Ghana Faces Tough Decisions Amid Economic Challenges
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will hold its 123rd meeting starting March 24, 2025,…
FCMB Expands Presence with New Branch in Ogbomosho
First City Monument Bank (FCMB) has officially opened a new branch in Ogbomosho, aimed at boosting financial inclusion and economic…
Nigeria and India Strengthen Economic Ties: Focus on Trade, Investment, and Key Sectors
Nigeria and India have reaffirmed their commitment to deepening bilateral relations, focusing on trade, investment, and cooperation in sectors like…
NGX Market Cap Drops to N65.8tn Amid Weak Investor Sentiment
The Nigerian Exchange (NGX) saw a decline in market capitalisation, dropping to N65.8 trillion as the All-Share Index fell by…
FCTA Approves N2.1 Billion Contracts, Including N242.8 Million for FCT-IRS Microsoft License
The Federal Capital Territory Administration (FCTA) has approved a total of N2,183,399,860 for various contracts within Abuja, with a significant…
EU Commission Accuses Google of Violating Digital Markets Act Over Search and Play Store Practices
The European Commission has issued preliminary findings accusing Alphabet Inc. of breaching the Digital Markets Act (DMA) in its Google…
Sanwo-Olu Advocates for Stronger Market Connectivity to Promote Sustainable Economic Growth
Lagos State Governor Babajide Sanwo-Olu has reaffirmed his commitment to enhancing market connectivity between producers and consumers, aiming to foster…
European Markets Mixed as Central Bank Decisions Loom; Hapag-Lloyd Faces Geopolitical Strains
European stock markets showed mixed performance on Thursday, with investors focusing on key central bank decisions, including those from the…
Digital Asset Management: Transforming Registrars’ Role in the Future of Investor Services
Investor services are undergoing a major transformation, driven by rising shareholder expectations and regulatory pressures. Traditional methods of record-keeping and…
Tinubu Appoints Board for Nigerian Power Operator
President Bola Tinubu has appointed the board members for the newly established Nigerian Independent System Operator (NISO) to help improve…
Deloitte: Ghana’s 4% GDP Growth Target for 2025 Feasible but Faces Key Risks
Deloitte has affirmed that Ghana’s 4% GDP growth target for 2025 is achievable, especially following the 5.7% growth recorded in…
Rwanda’s Economy Expands 8.9% in 2024, Driven by Strong Agricultural and Industrial Sectors
Rwanda’s economy experienced significant growth in 2024, expanding by 8.9%, surpassing the previous year’s 8.2% increase. This robust performance was…
Ghana’s Top 10 SOEs Report GHC11bn Loss in 2023
In 2023, Ghana’s 10 largest State-Owned Enterprises (SOEs) by asset base reported a combined net loss of GHC11 billion, according…
Nigerian Breweries Completes 100% Acquisition of Distell Wines and Spirits Nigeria
Nigerian Breweries Plc has finalized the acquisition of the remaining 20% stake in Distell Wines and Spirits Nigeria Limited (DWSN),…
Dangote Refinery Halts Naira-Based Petrol Sales Amid Currency Mismatch
Dangote Petroleum Refinery has announced a temporary suspension of its petroleum product sales in Naira. This decision stems from a…
OADC to Build $240M Hyperscale Data Centre in Lagos, Boosting Africa’s Digital Infrastructure
Open Access Data Centres (OADC), a subsidiary of WIOCC, has announced a significant investment of $240 million to build a…
Ghana’s Telecom Sector Struggles with Poor Reception and Slow Internet
A recent report by CUTS International, a consumer advocacy group, has raised alarm over ongoing challenges in Ghana’s telecommunications sector.…
65.5% of Nigerians Advocate for Lower Lending Rates, CBN Survey Reveals
A new survey by the Central Bank of Nigeria (CBN) has revealed that 65.5% of Nigerian households support a reduction…
Microsoft to Launch Three Data Centres in Malaysia by Mid-2025
Microsoft has announced plans to launch its first cloud region in Malaysia, with three data centres set to go live…
Fed’s Dot Plot Eases Investor Concerns, U.S. Markets Surge as Interest Rate Cuts Loom
The U.S. Federal Reserve’s decision to keep interest rates steady and maintain a forecast of two rate cuts in 2025…
GSM Maintains Dominance as Active Data Internet Subscribers in Nigeria Reach 142 Million
As of January 2025, Nigeria’s active data internet subscribers reached 142.16 million, according to the Nigerian Communications Commission (NCC). The…
GIADEC Seeks Global Partnerships to Boost Ghana’s Integrated Aluminium Industry
The Ghana Integrated Aluminium Development Corporation (GIADEC) is actively seeking partnerships with global investors to support its vision of developing…
Naira Gains Slightly to 1530.52/$ Amid Stability Efforts and Structural Reforms
The Nigerian naira showed a marginal appreciation of 0.16% on Wednesday, closing at 1530.52/$ compared to the previous day’s rate…
Nigeria’s Telecom Sector Faces Declining Revenue as Currency Depreciation Hits ARPU“““““““““`
Nigeria’s telecommunications market has seen a significant downturn, with the average revenue per user (ARPU) falling by 38.79% in 2024.…
Stock Futures Climb Ahead of Fed’s Rate Decision Amid Market Volatility
Stock futures saw a slight increase on Wednesday as investors awaited the Federal Reserve’s interest rate decision, set for release…