Naira Gains 0.95% in Parallel Market as CBN Boosts FX Liquidity
The Central Bank of Nigeria (CBN) has increased FX liquidity, leading to a temporary reduction in dollar demand and allowing…
Month: March 2025
Dr. Amin Adam Criticizes Ghana’s 24-Hour Economy Policy as Deceptive Without Adequate Funding
Former Finance Minister Dr. Mohammed Amin Adam has raised concerns about the Mahama government’s proposed 24-hour economy policy, suggesting that…
Hong Kong Stocks Surge to Three-Year High Amid Positive China Outlook
Hong Kong’s stock market reached a three-year high on March 18, with the Hang Seng Index rising by 2%. This…
Google to Partner with MediaTek on Next-Gen AI Chips
Google is reportedly preparing to collaborate with Taiwan’s MediaTek to develop the next version of its Tensor Processing Units (TPUs)…
US Commerce Department Bans DeepSeek AI on Government Devices Amid Security Concerns
The U.S. Department of Commerce has recently informed its staff that the Chinese AI model DeepSeek is banned from government-issued…
Bearish Market Trend Continues as NGX Loses N8bn Amid Ongoing Sell-offs
The Nigerian Exchange Limited (NGX) experienced another decline on Monday, shedding N8 billion as market sentiment remained negative. The benchmark…
Rand Merchant Bank Economic Forum Highlights Key Strategies for Navigating Nigeria’s Reform Challenges
Rand Merchant Bank Nigeria (RMB) hosted a high-profile economic forum in Lagos to address Nigeria’s evolving reform landscape. The event,…
FCMB Group Launches ‘The Power of the Group’ Campaign
FCMB Group Plc, a leading financial services holding company, has launched a new thematic campaign, The Power of the Group. At…
Intel’s New CEO Lip-Bu Tan Eyes Bold Overhaul of Manufacturing and AI Operations
Intel’s newly appointed CEO, Lip-Bu Tan, is planning a major overhaul of the company’s manufacturing and artificial intelligence (AI) operations.…
Naira Depreciates Amid Global Trade War and Forex Outflows: CBN Intervenes to Boost Supply
The ongoing trade tensions between the United States and several countries, including China and the European Union, have triggered foreign…
Bloated governance thrives as FG sidelines Oronsaye Report
Thirteen months after President Bola Tinubu promised to implement the Steve Oronsaye Report, designed to streamline Nigeria’s governance structure and…
Ghanaians seek extra income to manage rising costs
Many Ghanaians are seeking additional sources of income to navigate the challenges of stagnant wages and escalating living costs. A…
Kasief Isaacs Appointed CEO of Creation Capital to Drive Growth and Innovation
Creation Capital has appointed Kasief Isaacs as its new Chief Executive Officer, effective March 2025. With over 30 years of…
Cikü Mugambi Joins DOB Equity as Investment Director After Departure From Kobo360
Cikü Mugambi has taken on a new role as Investment Director at DOB Equity, a Netherlands-based private equity firm specializing…
Adenia Partners Strengthens Investment Committee with Franck Falézan Appointment
Adenia Partners, a prominent private equity firm with a focus on growth opportunities in Africa, has appointed Franck Falézan to…
Parthian Capital Launches Funds to Drive Nigeria’s $1 Trillion Economy Vision
Parthian Capital Limited has unveiled two new investment funds aimed at supporting Nigeria’s goal of becoming a $1 trillion economy…
Falling Petrol Prices Threaten Nigeria’s Oil and Gas Stocks as Dangote Refinery Shakes Up Market
The competition between Dangote Refinery and petrol marketers is putting immense pressure on Nigeria’s oil and gas stocks, creating uncertainty…
NGX Faces Pressure from Key Lagging Stocks: Insurance & Oil & Gas Sector Struggles in 2025
Nigeria’s stock market has seen a modest 3.20 percent rise in 2025, but this performance is overshadowed by the underwhelming…
US-EU tariff clash imperils $9.5 trillion of business, AmCham warns
The ongoing U.S.-European tariff conflict is endangering an estimated $9.5 trillion in annual business activity, according to a warning from…
Airbus and others call for sovereign infrastructure fund, buy European
In a joint open letter, Airbus, Dassault Systemes, and over 90 smaller European tech firms are calling on European Commission…
NSIA, Partners Launch $500 Million Fund to Boost Renewable Energy in Nigeria
The Nigeria Sovereign Investment Authority (NSIA), Sustainable Energy for All (SEforALL), the International Solar Alliance (ISA), and Africa50 have launched…
Mixed Market Sentiments Persist as Investors Rebalance Portfolios Amid Selloffs
The Nigerian stock market experienced mixed sentiments last week, as portfolio reshuffling and selloffs dominated trading activity. For the third…
Stock Futures Drop as Wall Street Faces Uncertainty and Economic Slowdown Concerns
Stock futures dropped early on Monday following a tough week for the markets, with the Dow posting its worst performance…
T-Bill Yields Decline as Ghana’s Government Records Oversubscription in Latest Auction
In a positive outcome for the government, the latest Treasury bill auction has surpassed expectations, with the government raising GHS…
Basata Boosts Stake in MadfoatCom to 25%, Strengthening Digital Payments in Jordan
Egyptian fintech company Basata has raised its stake in Jordan’s leading digital payments provider, MadfoatCom, to 25%, marking a significant…
Nigeria’s FX Reserves See Modest Rebound with $12.06M Increase Amid Ongoing Economic Challenges
Nigeria’s gross foreign exchange (FX) reserves have seen a slight recovery, rising by $12.06 million to $38.36 billion as of…
Juridoc.tn secures investment from Go Big Partners and 216 Capital Ventures for expansion
Juridoc.tn, a pioneering legal-tech company based in Tunisia, has secured a joint investment from Go Big Partners and 216 Capital…
SEC to Publicly “Shame” Capital Market Offenders in New Enforcement Strategy
The Securities and Exchange Commission (SEC) of Nigeria has unveiled a bold new approach to tackle violations within the country’s…
Bank of Ghana Appoints New Board of Directors to Tackle Economic Challenges
The Bank of Ghana has officially inaugurated a new Board of Directors to address the nation’s economic challenges and reinforce…
Reps Revise Tax Reform Bills, Retain 7.5% VAT, and Amend Revenue Sharing Formula
The House of Representatives has amended President Bola Tinubu’s contentious tax reform bills, addressing key concerns raised by various stakeholders.…