CBN’s Bank Recapitalisation and FX Reforms Pave Path to $1 Trillion Economy by 2030
The Central Bank of Nigeria (CBN) is implementing a series of strategic reforms to strengthen the nation’s financial services sector,…
Month: March 2025
Ghana Must Strengthen Domestic Bond Market to Reduce External Borrowing – Terkper
In a recent address at the PricewaterhouseCoopers (PwC) 2025 Budget Digest Forum, Presidential Advisor on the Economy, Seth Terkper, emphasized…
Insurance Brokers Eye Opportunities in $490B AfCFTA Market Amid Regulatory Concerns
As Nigeria joins 54 other African nations in advancing a single trade area under the African Continental Free Trade Area…
Finance Minister Pledges Support for Private Sector Growth in Meeting with Dangote
The Federal Government has reaffirmed its commitment to fostering a business-friendly environment to stimulate private-sector investments and boost economic growth…
Nigeria’s Crypto Future: Stronger Regulations to Boost Investment, Says FlashChange CEO
The Chief Executive Officer of FlashChange, Bidemi Oke, discussed the growing role of cryptocurrencies in Nigeria’s financial landscape, emphasizing that…
Big Tech’s Data Center Surge Sparks New Risks for U.S. Power Grid
The rapid expansion of data centers in the U.S., particularly in regions like Data Center Alley near Washington D.C., is…
Fed Holds Interest Rates Steady as Economic Projections Reflect Uncertainty Amid Trump’s Policies
The Federal Reserve is expected to maintain its policy interest rates in the 4.25%-4.50% range, while releasing new economic projections.…
Exporters and Non-Bank Corporates Lead Nigeria’s Dollar Inflows as Naira Weakens
Exporters and non-bank corporates were the main contributors to Nigeria’s dollar inflows, accounting for 64% of the total inflow into…
Bitcoin Surges Above $82K Amid FOMC Meeting Speculation
Bitcoin (BTC) has been holding steady above $82,000, with market participants eagerly awaiting the outcome of the Federal Open Market…
Nigeria’s Economic Rebase Offers New Growth Opportunities for Businesses and Consumers in 2025
Nigeria has entered 2025 at a crucial economic crossroads, following a period of substantial reforms designed to reshape its financial…
PAFON 2.0 Set to Revolutionize AI-Driven Payment Systems in Nigeria
The Payments Forum Nigeria (PAFON) 2.0 is gearing up to bring together Nigeria’s top digital finance experts, policymakers, and tech…
Ghana’s 2025 Budget Allocation to Agriculture Deemed Insufficient by Agri-Impact CEO
In the 2025 national budget, only GH¢1.5 billion, representing 0.54% of the total GH¢279 billion, has been allocated to the…
European Markets Rise as Germany Passes Debt Reform, Trump and Putin Discuss Ceasefire
European stock markets saw a positive close on Tuesday, with investor attention focused on Germany’s approval of a historic debt…
Nigeria’s Inflation Crisis: Erosion of Savings and Wealth Strikes Hard
Nigeria’s inflation crisis has escalated, eroding the wealth of millions of citizens and making it increasingly difficult to save or…
Google’s $32 Billion Wiz Acquisition Deal Sped Up After Trump’s Inauguration
Google’s deal to acquire Israeli cybersecurity firm Wiz, valued at $32 billion, gained significant momentum after Donald Trump’s inauguration in…
BOJ Holds Interest Rates Amid U.S. Tariff Uncertainty and Inflation Concerns
The Bank of Japan (BOJ) decided to keep its short-term policy rate unchanged at 0.5% during its latest meeting on…
Stock Market Sees N266bn Loss Amid Profit-Taking in BUA Cement and Other Stocks
The Nigerian stock market experienced a decline of N266 billion on the back of profit-taking, particularly in BUA Cement, which…
CBN Approves Greenwich Holdings Structure to Strengthen Financial Group’s Growth
The Central Bank of Nigeria (CBN) has granted approval for the establishment of Greenwich Holdings Limited as the new financial…
AI to Revolutionize Marketing Strategies, MediaFuse-Dentsu Pioneers Change
MediaFuse-Dentsu Nigeria has announced its plans to revolutionize marketing communications with artificial intelligence (AI)-driven integrated growth solutions. This move was…
UK-listed Savannah Energy Acquires Nigerian Oil Assets for $35 Million to Boost Production
Savannah Energy, a UK-listed independent energy company, has successfully completed its acquisition of Sinopec International Petroleum Exploration and Production Company…
Adebiyi: Telecom Industry Driving Nigeria’s Digital Economy and Financial Inclusion
Adekunle Adebiyi, the founder of Whistles Alliance Integrated Services and former Chief Sales and Distribution Officer at MTN Nigeria, shares…
AGI President Applauds Ghana’s 2025 Budget as Promising and Business-Friendly
The President of the Association of Ghana Industries (AGI) for Greater Accra, Tsonam Akpeloo, has expressed strong support for Ghana’s…
Nigeria’s Inflation Drop Not Reflecting in Goods Prices, Says Economist
In a recent interview, Professor Segun Ajibola, a renowned economist and former president of the Chartered Institute of Bankers, discussed…
Ghana Removes E-Levy and Betting Tax to Boost Financial Inclusion – Deputy Finance Minister
In a significant policy shift, the Ghanaian government has abolished the Electronic Levy (E-Levy), betting tax, and other taxes as…
Euro and Stocks Rise Ahead of German Spending Vote Amid Global Uncertainty
European markets remained stable on Tuesday as investors awaited a key vote in the German parliament on a significant overhaul…
Nigeria and Brazil Sign $8 Billion Green Initiative to Boost Agricultural Productivity
On March 17, 2025, Nigeria and Brazil officially launched the commercial phase of the $1.1 billion Green Imperative Project (GIP),…
Bearish Market Opening: Investors Lose N7.8bn as ASI Drops 0.15%
The Nigerian stock market started the week with a bearish performance, as the All-Share Index (ASI) dipped by 0.15%, closing…
U.S. Treasury Yields Drop as Investors Await Key Economic Data
U.S. Treasury yields saw a slight decline on Tuesday as investors prepared for crucial housing data and the Federal Reserve’s…
Nigeria Partners with Cyberpedia on AI-driven Initiative to Combat Misinformation
The Presidential Office of Digital Engagement and Strategy (PODES) has teamed up with Cyberpedia Internet Governance, an African AI, Data,…
Nigeria’s Inflation Drops to 23.18% Amid Continued Price Pressures
Nigeria’s inflation rate showed a modest decline for the second consecutive month in February 2025, dropping to 23.18% from 24.48%…