Local Macroeconomic CBN’s Bank Recapitalisation and FX Reforms Pave Path to $1 Trillion Economy by 2030 March 19, 2025 Ekemini The Central Bank of Nigeria (CBN) is implementing a series of strategic reforms to strengthen the nation’s financial services sector, aiming to help Nigeria achieve its ambitious target of a…
Business Finance International Ghana Must Strengthen Domestic Bond Market to Reduce External Borrowing – Terkper March 19, 2025 Ekemini In a recent address at the PricewaterhouseCoopers (PwC) 2025 Budget Digest Forum, Presidential Advisor on the Economy, Seth Terkper, emphasized the need to fortify Ghana’s domestic bond market as a…
Business Local Insurance Brokers Eye Opportunities in $490B AfCFTA Market Amid Regulatory Concerns March 19, 2025 Ekemini As Nigeria joins 54 other African nations in advancing a single trade area under the African Continental Free Trade Area (AfCFTA), insurance brokers are preparing to capitalize on the vast…
Business investment Local Finance Minister Pledges Support for Private Sector Growth in Meeting with Dangote March 19, 2025 Ekemini The Federal Government has reaffirmed its commitment to fostering a business-friendly environment to stimulate private-sector investments and boost economic growth in Nigeria. Finance Minister and Coordinating Minister of the Economy,…
Business Local Technology Nigeria’s Crypto Future: Stronger Regulations to Boost Investment, Says FlashChange CEO March 19, 2025 Ekemini The Chief Executive Officer of FlashChange, Bidemi Oke, discussed the growing role of cryptocurrencies in Nigeria’s financial landscape, emphasizing that the government’s initiative to regulate the crypto space is a…
Business International Technology Big Tech’s Data Center Surge Sparks New Risks for U.S. Power Grid March 19, 2025 Ekemini The rapid expansion of data centers in the U.S., particularly in regions like Data Center Alley near Washington D.C., is creating new risks for the nation’s power grid. Last summer,…
Business investment Macroeconomic Fed Holds Interest Rates Steady as Economic Projections Reflect Uncertainty Amid Trump’s Policies March 19, 2025 Ekemini The Federal Reserve is expected to maintain its policy interest rates in the 4.25%-4.50% range, while releasing new economic projections. These projections will reveal the Fed’s outlook on growth, inflation,…
Business Local Macroeconomic Exporters and Non-Bank Corporates Lead Nigeria’s Dollar Inflows as Naira Weakens March 19, 2025 Ekemini Exporters and non-bank corporates were the main contributors to Nigeria’s dollar inflows, accounting for 64% of the total inflow into the Nigerian Foreign Exchange Market (NFEM) last week. The total…
Business Economy International Bitcoin Surges Above $82K Amid FOMC Meeting Speculation March 19, 2025 Ekemini Bitcoin (BTC) has been holding steady above $82,000, with market participants eagerly awaiting the outcome of the Federal Open Market Committee (FOMC) meeting. Despite the typical volatility that often accompanies…
Business Finance Local Nigeria’s Economic Rebase Offers New Growth Opportunities for Businesses and Consumers in 2025 March 19, 2025 Ekemini Nigeria has entered 2025 at a crucial economic crossroads, following a period of substantial reforms designed to reshape its financial landscape. Amid rising inflation rates, which peaked at 33.80% in…
Local Technology PAFON 2.0 Set to Revolutionize AI-Driven Payment Systems in Nigeria March 19, 2025 Ekemini The Payments Forum Nigeria (PAFON) 2.0 is gearing up to bring together Nigeria’s top digital finance experts, policymakers, and tech innovators for an important conference in Lagos next month. This…
Business Local Macroeconomic Ghana’s 2025 Budget Allocation to Agriculture Deemed Insufficient by Agri-Impact CEO March 19, 2025 Ekemini In the 2025 national budget, only GH¢1.5 billion, representing 0.54% of the total GH¢279 billion, has been allocated to the agriculture sector, a move that Agri-Impact Limited’s CEO, Mr. Daniel…
International Macroeconomic Market European Markets Rise as Germany Passes Debt Reform, Trump and Putin Discuss Ceasefire March 19, 2025 Ekemini European stock markets saw a positive close on Tuesday, with investor attention focused on Germany’s approval of a historic debt reform deal and a high-profile call between U.S. President Donald…
Business Local Macroeconomic Nigeria’s Inflation Crisis: Erosion of Savings and Wealth Strikes Hard March 19, 2025 Ekemini Nigeria’s inflation crisis has escalated, eroding the wealth of millions of citizens and making it increasingly difficult to save or invest. With inflation rates hitting a staggering 29.9% as of…
Business International Technology Google’s $32 Billion Wiz Acquisition Deal Sped Up After Trump’s Inauguration March 19, 2025 Ekemini Google’s deal to acquire Israeli cybersecurity firm Wiz, valued at $32 billion, gained significant momentum after Donald Trump’s inauguration in 2017. Originally, Google had proposed a $23 billion acquisition, but…
Business International Macroeconomic BOJ Holds Interest Rates Amid U.S. Tariff Uncertainty and Inflation Concerns March 19, 2025 Ekemini The Bank of Japan (BOJ) decided to keep its short-term policy rate unchanged at 0.5% during its latest meeting on March 19, 2025. This move came as policymakers assessed the…
Business Finance Local Stock Market Sees N266bn Loss Amid Profit-Taking in BUA Cement and Other Stocks March 19, 2025 Ekemini The Nigerian stock market experienced a decline of N266 billion on the back of profit-taking, particularly in BUA Cement, which saw a 10% drop, alongside other major stocks. As a…
Business Finance Local CBN Approves Greenwich Holdings Structure to Strengthen Financial Group’s Growth March 19, 2025 Ekemini The Central Bank of Nigeria (CBN) has granted approval for the establishment of Greenwich Holdings Limited as the new financial holding company for Greenwich Merchant Bank Limited. This regulatory approval…
Business Local Technology AI to Revolutionize Marketing Strategies, MediaFuse-Dentsu Pioneers Change March 19, 2025 Ekemini MediaFuse-Dentsu Nigeria has announced its plans to revolutionize marketing communications with artificial intelligence (AI)-driven integrated growth solutions. This move was revealed during their 2025 Management Strategy Conference in Lagos, where…
Business Energy Finance International UK-listed Savannah Energy Acquires Nigerian Oil Assets for $35 Million to Boost Production March 18, 2025 Ekemini Savannah Energy, a UK-listed independent energy company, has successfully completed its acquisition of Sinopec International Petroleum Exploration and Production Company Nigeria (SIPEC) for $35 million. This move, initially disclosed in…
Business Local Technology Adebiyi: Telecom Industry Driving Nigeria’s Digital Economy and Financial Inclusion March 18, 2025 Ekemini Adekunle Adebiyi, the founder of Whistles Alliance Integrated Services and former Chief Sales and Distribution Officer at MTN Nigeria, shares insights from his 25-year career in Nigeria’s telecom sector. He…
Business International Macroeconomic AGI President Applauds Ghana’s 2025 Budget as Promising and Business-Friendly March 18, 2025 Ekemini The President of the Association of Ghana Industries (AGI) for Greater Accra, Tsonam Akpeloo, has expressed strong support for Ghana’s 2025 budget, describing it as promising and sustainable, particularly for…
Business Local Macroeconomic Nigeria’s Inflation Drop Not Reflecting in Goods Prices, Says Economist March 18, 2025 Ekemini In a recent interview, Professor Segun Ajibola, a renowned economist and former president of the Chartered Institute of Bankers, discussed the lag between Nigeria’s declining inflation rate and the price…
Africa Business Economy International Ghana Removes E-Levy and Betting Tax to Boost Financial Inclusion – Deputy Finance Minister March 18, 2025 Ekemini In a significant policy shift, the Ghanaian government has abolished the Electronic Levy (E-Levy), betting tax, and other taxes as part of its commitment to improve financial inclusion. Deputy Finance…
International Macroeconomic Stock Euro and Stocks Rise Ahead of German Spending Vote Amid Global Uncertainty March 18, 2025 Ekemini European markets remained stable on Tuesday as investors awaited a key vote in the German parliament on a significant overhaul of government spending. This move could provide a much-needed boost…
Business investment Local Nigeria and Brazil Sign $8 Billion Green Initiative to Boost Agricultural Productivity March 18, 2025 Ekemini On March 17, 2025, Nigeria and Brazil officially launched the commercial phase of the $1.1 billion Green Imperative Project (GIP), a major agricultural initiative aimed at enhancing food production and…
Business Finance Local Bearish Market Opening: Investors Lose N7.8bn as ASI Drops 0.15% March 18, 2025 Ekemini The Nigerian stock market started the week with a bearish performance, as the All-Share Index (ASI) dipped by 0.15%, closing at 105,799.17 points. This decline also led to a slight…
Finance International Macroeconomic U.S. Treasury Yields Drop as Investors Await Key Economic Data March 18, 2025 Ekemini U.S. Treasury yields saw a slight decline on Tuesday as investors prepared for crucial housing data and the Federal Reserve’s upcoming monetary policy meeting. The 10-year Treasury yield dropped marginally…
Business Local Technology Nigeria Partners with Cyberpedia on AI-driven Initiative to Combat Misinformation March 18, 2025 Ekemini The Presidential Office of Digital Engagement and Strategy (PODES) has teamed up with Cyberpedia Internet Governance, an African AI, Data, and Cybersecurity firm, to revolutionize civic communication in Nigeria. This…
Local Macroeconomic Nigeria’s Inflation Drops to 23.18% Amid Continued Price Pressures March 18, 2025 Ekemini Nigeria’s inflation rate showed a modest decline for the second consecutive month in February 2025, dropping to 23.18% from 24.48% in January. This decrease, while notable, has raised concerns due…
