Local Macroeconomic Naira Gains 0.95% in Parallel Market as CBN Boosts FX Liquidity March 18, 2025 Ekemini The Central Bank of Nigeria (CBN) has increased FX liquidity, leading to a temporary reduction in dollar demand and allowing the naira to appreciate by 0.95% in the parallel market…
Africa Business Finance International Dr. Amin Adam Criticizes Ghana’s 24-Hour Economy Policy as Deceptive Without Adequate Funding March 18, 2025 Ekemini Former Finance Minister Dr. Mohammed Amin Adam has raised concerns about the Mahama government’s proposed 24-hour economy policy, suggesting that its practicality is questionable without sufficient funding and a clear…
Business International Macroeconomic Hong Kong Stocks Surge to Three-Year High Amid Positive China Outlook March 18, 2025 Ekemini Hong Kong’s stock market reached a three-year high on March 18, with the Hang Seng Index rising by 2%. This surge is largely attributed to investor optimism about China’s economic…
Business International Technology Google to Partner with MediaTek on Next-Gen AI Chips March 18, 2025 Ekemini Google is reportedly preparing to collaborate with Taiwan’s MediaTek to develop the next version of its Tensor Processing Units (TPUs) for AI applications, with production expected to begin next year.…
International Technology US Commerce Department Bans DeepSeek AI on Government Devices Amid Security Concerns March 18, 2025 Ekemini The U.S. Department of Commerce has recently informed its staff that the Chinese AI model DeepSeek is banned from government-issued devices due to security concerns. An internal message seen by…
Business Local Bearish Market Trend Continues as NGX Loses N8bn Amid Ongoing Sell-offs March 18, 2025 Ekemini The Nigerian Exchange Limited (NGX) experienced another decline on Monday, shedding N8 billion as market sentiment remained negative. The benchmark All-Share Index (ASI) dropped by 155.96 points, or 0.15%, closing…
Business Finance Local Macroeconomic Rand Merchant Bank Economic Forum Highlights Key Strategies for Navigating Nigeria’s Reform Challenges March 18, 2025 Ekemini Rand Merchant Bank Nigeria (RMB) hosted a high-profile economic forum in Lagos to address Nigeria’s evolving reform landscape. The event, themed “Beyond the Change: Steering Through Nigeria’s Reform Complexities,” brought…
Business Local FCMB Group Launches ‘The Power of the Group’ Campaign March 17, 2025 Ekemini FCMB Group Plc, a leading financial services holding company, has launched a new thematic campaign, The Power of the Group. At the heart of this campaign is a simple yet…
Business International Technology Intel’s New CEO Lip-Bu Tan Eyes Bold Overhaul of Manufacturing and AI Operations March 17, 2025 Ekemini Intel’s newly appointed CEO, Lip-Bu Tan, is planning a major overhaul of the company’s manufacturing and artificial intelligence (AI) operations. Tan, who will officially return to the company on Tuesday,…
Business Finance Local Naira Depreciates Amid Global Trade War and Forex Outflows: CBN Intervenes to Boost Supply March 17, 2025 Ekemini The ongoing trade tensions between the United States and several countries, including China and the European Union, have triggered foreign exchange outflows from Nigeria, leading to a significant depreciation of…
Local Macroeconomic Bloated governance thrives as FG sidelines Oronsaye Report March 17, 2025 Ekemini Thirteen months after President Bola Tinubu promised to implement the Steve Oronsaye Report, designed to streamline Nigeria’s governance structure and reduce fiscal waste, the document remains unheeded. Despite the promise…
Africa Business International Macroeconomic Ghanaians seek extra income to manage rising costs March 17, 2025 Ekemini Many Ghanaians are seeking additional sources of income to navigate the challenges of stagnant wages and escalating living costs. A recent report from Old Mutual Financial Services Monitor 2024 surveyed…
Africa Business Finance International Kasief Isaacs Appointed CEO of Creation Capital to Drive Growth and Innovation March 17, 2025 Ekemini Creation Capital has appointed Kasief Isaacs as its new Chief Executive Officer, effective March 2025. With over 30 years of experience in financial services, particularly in private markets, Isaacs brings…
Africa International investment Cikü Mugambi Joins DOB Equity as Investment Director After Departure From Kobo360 March 17, 2025 Ekemini Cikü Mugambi has taken on a new role as Investment Director at DOB Equity, a Netherlands-based private equity firm specializing in East African investments. This transition comes months after she…
Africa Business International investment Adenia Partners Strengthens Investment Committee with Franck Falézan Appointment March 17, 2025 Ekemini Adenia Partners, a prominent private equity firm with a focus on growth opportunities in Africa, has appointed Franck Falézan to its Investment Committee for both its flagship funds, Adenia Capital…
Finance investment Local Parthian Capital Launches Funds to Drive Nigeria’s $1 Trillion Economy Vision March 17, 2025 Ekemini Parthian Capital Limited has unveiled two new investment funds aimed at supporting Nigeria’s goal of becoming a $1 trillion economy by 2030. The funds, the Parthian Money Market Fund and…
Business Local Macroeconomic Falling Petrol Prices Threaten Nigeria’s Oil and Gas Stocks as Dangote Refinery Shakes Up Market March 17, 2025 Ekemini The competition between Dangote Refinery and petrol marketers is putting immense pressure on Nigeria’s oil and gas stocks, creating uncertainty in the market. As of March 12, the NGX Oil…
Business Local NGX Faces Pressure from Key Lagging Stocks: Insurance & Oil & Gas Sector Struggles in 2025 March 17, 2025 Ekemini Nigeria’s stock market has seen a modest 3.20 percent rise in 2025, but this performance is overshadowed by the underwhelming results of several key stocks, particularly in the insurance and…
Business International Macroeconomic US-EU tariff clash imperils $9.5 trillion of business, AmCham warns March 17, 2025 Ekemini The ongoing U.S.-European tariff conflict is endangering an estimated $9.5 trillion in annual business activity, according to a warning from the American Chamber of Commerce to the EU (AmCham EU).…
Business International investment Technology Airbus and others call for sovereign infrastructure fund, buy European March 17, 2025 Ekemini In a joint open letter, Airbus, Dassault Systemes, and over 90 smaller European tech firms are calling on European Commission President Ursula von der Leyen to create a sovereign infrastructure…
Business International NSIA, Partners Launch $500 Million Fund to Boost Renewable Energy in Nigeria March 17, 2025 Ekemini The Nigeria Sovereign Investment Authority (NSIA), Sustainable Energy for All (SEforALL), the International Solar Alliance (ISA), and Africa50 have launched a $500 million fund aimed at financing distributed renewable energy…
Business investment Local Mixed Market Sentiments Persist as Investors Rebalance Portfolios Amid Selloffs March 17, 2025 Ekemini The Nigerian stock market experienced mixed sentiments last week, as portfolio reshuffling and selloffs dominated trading activity. For the third consecutive week, major market indicators closed lower, with shares in…
Finance International Macroeconomic Stock Futures Drop as Wall Street Faces Uncertainty and Economic Slowdown Concerns March 17, 2025 Ekemini Stock futures dropped early on Monday following a tough week for the markets, with the Dow posting its worst performance since 2023. Dow futures fell 213 points (0.51%), while S&P…
Africa International investment Macroeconomic T-Bill Yields Decline as Ghana’s Government Records Oversubscription in Latest Auction March 17, 2025 Ekemini In a positive outcome for the government, the latest Treasury bill auction has surpassed expectations, with the government raising GHS 514 million more than the targeted GHS 8.26 billion. The…
International investment Technology Basata Boosts Stake in MadfoatCom to 25%, Strengthening Digital Payments in Jordan March 17, 2025 Ekemini Egyptian fintech company Basata has raised its stake in Jordan’s leading digital payments provider, MadfoatCom, to 25%, marking a significant step in the region’s digital financial services landscape. The investment,…
Finance Local Macroeconomic Nigeria’s FX Reserves See Modest Rebound with $12.06M Increase Amid Ongoing Economic Challenges March 17, 2025 Ekemini Nigeria’s gross foreign exchange (FX) reserves have seen a slight recovery, rising by $12.06 million to $38.36 billion as of March 12, 2025, after a nine-week decline. This rebound comes…
Africa International investment Technology Juridoc.tn secures investment from Go Big Partners and 216 Capital Ventures for expansion March 17, 2025 Ekemini Juridoc.tn, a pioneering legal-tech company based in Tunisia, has secured a joint investment from Go Big Partners and 216 Capital Ventures to fuel its expansion across the OHADA region, covering…
Business Finance Local SEC to Publicly “Shame” Capital Market Offenders in New Enforcement Strategy March 17, 2025 Ekemini The Securities and Exchange Commission (SEC) of Nigeria has unveiled a bold new approach to tackle violations within the country’s capital markets. The commission announced that it would publish the…
Business Finance International Bank of Ghana Appoints New Board of Directors to Tackle Economic Challenges March 13, 2025 Ekemini The Bank of Ghana has officially inaugurated a new Board of Directors to address the nation’s economic challenges and reinforce financial stability. The event, which took place on March 13,…
Business Local Macroeconomic Reps Revise Tax Reform Bills, Retain 7.5% VAT, and Amend Revenue Sharing Formula March 13, 2025 Ekemini The House of Representatives has amended President Bola Tinubu’s contentious tax reform bills, addressing key concerns raised by various stakeholders. The reform bills, which aim to overhaul Nigeria’s tax system,…
