Foreign Trade in Nigeria Soars to N138 Trillion Amid Naira Devaluation
Nigeria’s foreign trade reached a major milestone in 2024, with total merchandise trade growing by a remarkable 106.6%, amounting to…
Month: March 2025
Euro Gains on Ukraine Ceasefire Proposal, While U.S. Tariffs Pressure Stocks
The euro surged to a near five-month high, reaching $1.0947, as Ukraine signaled its readiness to accept a month-long ceasefire…
Nigeria’s ₦54.99 Trillion 2025 Budget Faces Revenue and Debt Challenges
Nigeria has unveiled its largest budget in 65 years, with a proposed ₦54.99 trillion for 2025, marking a 56.89% increase…
AGI Criticizes Proposed Increase in Growth and Sustainability Levy- GHANA
The Association of Ghana Industries (AGI) has expressed strong objections to the proposed increase in the Growth and Sustainability Levy.…
FG Expands Bond Listings with Over 900 Million Units on Nigerian Exchange Limited
The Federal Government of Nigeria has expanded its bond listings with an additional 910.3 million units of its existing February…
Bears Return to Nigerian Exchange, Market Loses N285bn in Capitalization
The Nigerian Exchange (NGX) experienced a bearish trend on Tuesday, with the market losing N285 billion in capitalisation, largely driven…
Nigeria’s Competitiveness Reaches 25-Year High Amidst Weak Naira
Nigeria’s economic competitiveness has surged to its highest level in 25 years, thanks to a significant devaluation of the naira.…
AI Revolution in Enterprise Sales: How Tech is Transforming Africa’s Business Landscape
The rise of Artificial Intelligence (AI) is reshaping enterprise sales across Africa, marking a shift from traditional methods to tech-driven…
AI and Africa’s Sustainability: Embracing Innovation for Growth
In Africa, artificial intelligence (AI) is gradually reshaping how businesses operate and is offering solutions to longstanding challenges. For many…
Firm seeks SEC approval for crowdfunding platform
Promiseland Building and Construction Limited has formally applied to Nigeria’s Securities and Exchange Commission (SEC) for approval to operate a…
FG Targets Wealth Creation with N1.5tn BOA Recapitalization
The Nigerian Federal Government has unveiled plans to inject N1.5 trillion into the Bank of Agriculture (BOA) as part of…
Local Brands’ Global Participation Key to Boosting Nigeria’s GDP, Experts Say
Economic experts have emphasized that Nigeria’s economic growth is closely tied to the participation of indigenous brands in global value…
U.S. Markets Plunge as Trump Dismisses Economic Fears Amid Tariff Uncertainty
U.S. stock markets took a significant hit on Monday, as investors grew increasingly concerned about a potential recession. The S&P…
IEA Urges Ghana Government to Retain Betting Tax with Reduced Rate in 2025 Budget
The Institute of Economic Affairs (IEA) is calling on the Ghanaian government to retain the controversial Betting Tax as part…
Nigerian Equity Market Opens Week with N52bn Gain
The Nigerian stock market began the trading week on a positive note, with a notable increase in market capitalization by…
Over 8,000 telecom subscribers switched operators in Jan – NCC report
Mobile number portability in Nigeria saw a significant rise of 190% in January 2025, according to the Nigerian Communications Commission…
Chinese Retail Traders Turn to AI with DeepSeek, Redefining Quant Fund Perception
In a dramatic shift, Chinese retail traders are turning to AI tools like DeepSeek, a quant-based platform, to enhance their…
CoreWeave Secures $11.9 Billion Deal with OpenAI Ahead of IPO
CoreWeave, a fast-growing AI startup backed by Nvidia, has signed a significant five-year agreement worth $11.9 billion with OpenAI. The…
CBN Strengthens Operations with New Director Appointments and Strategic Vision for 2024-2028
The Central Bank of Nigeria (CBN) recently appointed 16 new directors to enhance its operations and regulatory oversight. These appointments…
FG Investing Trillions in Economic Reforms for Long-Term Growth – Atiku Bagudu
Nigeria’s federal government is making significant strides toward economic transformation by channeling trillions of naira into key sectors to promote…
Five Nigerian Firms Project Combined Profit of N54bn in Q2 2025
Five companies listed on the Nigerian Exchange (NGX) are expected to record a total profit after tax of N54.77 billion…
US Stock Market Loses $1.75 Trillion Following Trump’s Recession Concerns
The US stock market experienced a massive loss of over $1.7 trillion in value after President Donald Trump suggested that…
Hong Kong Launches Streamlined Visa Scheme to Attract Global Tech Talent
Hong Kong has unveiled the 2025 edition of the Technology Talent Admission Scheme (TechTAS), designed to streamline the entry of…
Africa Finance Corporation Marks First London Stock Exchange Listing with Market Close Ceremony
Africa Finance Corporation (AFC) recently achieved a significant milestone by marking its first-ever listing on the London Stock Exchange (LSE)…
Stocks Decline Amid Trump’s Trade War, China’s Deflation Concerns, and Economic Worries
Global stock markets faced declines on Monday, fueled by concerns over rising deflationary pressures in China and growing uncertainties surrounding…
Weak Naira Boosts Nigeria’s Competitiveness to 25-Year High
The devaluation of Nigeria’s naira has significantly enhanced the country’s economic competitiveness, according to a recent report by the British…
Fitch Assigns Negative Outlook to Adani Energy Amid U.S. Probe Risks
Fitch Ratings has placed a negative outlook on Adani Energy Solutions Limited, citing concerns over corporate governance and the ongoing…
CBN Aims for Single-Digit Inflation with Forex Stability Measures
The Central Bank of Nigeria (CBN) has been working diligently to stabilize the foreign exchange (forex) market, resulting in notable…
China Bond Yields Surge as Investors Reassess Rate Cut Expectations
China’s sovereign bond yields reached their highest levels of the year, as investor optimism about economic growth led to reduced…
Nigerian Stock Market Declines Amid Selloffs and Declining Fixed Income Yields
The Nigerian stock market closed in negative territory last week due to widespread selloffs in blue-chip companies across various sectors,…