Business Economy Local Foreign Trade in Nigeria Soars to N138 Trillion Amid Naira Devaluation March 12, 2025 Ekemini Nigeria’s foreign trade reached a major milestone in 2024, with total merchandise trade growing by a remarkable 106.6%, amounting to N138.03 trillion. This surge, driven largely by the devaluation of…
International Macroeconomic Stock Euro Gains on Ukraine Ceasefire Proposal, While U.S. Tariffs Pressure Stocks March 12, 2025 Ekemini The euro surged to a near five-month high, reaching $1.0947, as Ukraine signaled its readiness to accept a month-long ceasefire following a proposal from the U.S. This development came as…
Finance Local Macroeconomic Nigeria’s ₦54.99 Trillion 2025 Budget Faces Revenue and Debt Challenges March 12, 2025 Ekemini Nigeria has unveiled its largest budget in 65 years, with a proposed ₦54.99 trillion for 2025, marking a 56.89% increase from 2024’s ₦35.05 trillion. Dubbed the “Budget of Restoration” by…
Africa Business International Macroeconomic AGI Criticizes Proposed Increase in Growth and Sustainability Levy- GHANA March 12, 2025 Ekemini The Association of Ghana Industries (AGI) has expressed strong objections to the proposed increase in the Growth and Sustainability Levy. The levy, which currently stands at 1 percent on the…
Business Finance investment Local FG Expands Bond Listings with Over 900 Million Units on Nigerian Exchange Limited March 12, 2025 Ekemini The Federal Government of Nigeria has expanded its bond listings with an additional 910.3 million units of its existing February 2025 bonds on the Nigerian Exchange Limited (NGX). This move…
Business Local Stock Bears Return to Nigerian Exchange, Market Loses N285bn in Capitalization March 12, 2025 Ekemini The Nigerian Exchange (NGX) experienced a bearish trend on Tuesday, with the market losing N285 billion in capitalisation, largely driven by declines in key stocks. The All-Share Index dropped by…
Business Economy Local Nigeria’s Competitiveness Reaches 25-Year High Amidst Weak Naira March 11, 2025 Ekemini Nigeria’s economic competitiveness has surged to its highest level in 25 years, thanks to a significant devaluation of the naira. Over the past few years, the naira’s value has plummeted…
Local Technology AI Revolution in Enterprise Sales: How Tech is Transforming Africa’s Business Landscape March 11, 2025 Ekemini The rise of Artificial Intelligence (AI) is reshaping enterprise sales across Africa, marking a shift from traditional methods to tech-driven strategies. AI is enhancing workflows, streamlining customer engagement, and driving…
Business Local Technology AI and Africa’s Sustainability: Embracing Innovation for Growth March 11, 2025 Ekemini In Africa, artificial intelligence (AI) is gradually reshaping how businesses operate and is offering solutions to longstanding challenges. For many entrepreneurs, the everyday struggles of managing time-consuming tasks such as…
Business Finance Local Firm seeks SEC approval for crowdfunding platform March 11, 2025 Ekemini Promiseland Building and Construction Limited has formally applied to Nigeria’s Securities and Exchange Commission (SEC) for approval to operate a crowdfunding intermediary platform. The company aims to facilitate capital formation…
Business Economy Finance Local FG Targets Wealth Creation with N1.5tn BOA Recapitalization March 11, 2025 Ekemini The Nigerian Federal Government has unveiled plans to inject N1.5 trillion into the Bank of Agriculture (BOA) as part of its strategy to enhance wealth creation through the agricultural sector…
Business Local Local Brands’ Global Participation Key to Boosting Nigeria’s GDP, Experts Say March 11, 2025 Ekemini Economic experts have emphasized that Nigeria’s economic growth is closely tied to the participation of indigenous brands in global value chains. They highlighted the importance of Nigerian businesses expanding beyond…
International Macroeconomic U.S. Markets Plunge as Trump Dismisses Economic Fears Amid Tariff Uncertainty March 11, 2025 Ekemini U.S. stock markets took a significant hit on Monday, as investors grew increasingly concerned about a potential recession. The S&P 500 dropped by 2.7%, while the Dow Jones lost 2.08%,…
Africa International Macroeconomic IEA Urges Ghana Government to Retain Betting Tax with Reduced Rate in 2025 Budget March 11, 2025 Ekemini The Institute of Economic Affairs (IEA) is calling on the Ghanaian government to retain the controversial Betting Tax as part of the 2025 Budget, which will be presented by Finance…
Business Finance Local Nigerian Equity Market Opens Week with N52bn Gain March 11, 2025 Ekemini The Nigerian stock market began the trading week on a positive note, with a notable increase in market capitalization by N52.17bn. By the close of Monday’s trading session, the All…
Business Economy Local Technology Over 8,000 telecom subscribers switched operators in Jan – NCC report March 11, 2025 Ekemini Mobile number portability in Nigeria saw a significant rise of 190% in January 2025, according to the Nigerian Communications Commission (NCC). A total of 8,708 telecom subscribers switched networks, up…
Business International investment Technology Chinese Retail Traders Turn to AI with DeepSeek, Redefining Quant Fund Perception March 11, 2025 Ekemini In a dramatic shift, Chinese retail traders are turning to AI tools like DeepSeek, a quant-based platform, to enhance their market strategies. This trend is part of a broader move…
Business International Technology CoreWeave Secures $11.9 Billion Deal with OpenAI Ahead of IPO March 11, 2025 Ekemini CoreWeave, a fast-growing AI startup backed by Nvidia, has signed a significant five-year agreement worth $11.9 billion with OpenAI. The contract will see CoreWeave provide essential AI infrastructure to OpenAI,…
Business Finance Local Macroeconomic CBN Strengthens Operations with New Director Appointments and Strategic Vision for 2024-2028 March 11, 2025 Ekemini The Central Bank of Nigeria (CBN) recently appointed 16 new directors to enhance its operations and regulatory oversight. These appointments are part of the bank’s broader strategy for 2024-2028, which…
Business Energy Local Macroeconomic FG Investing Trillions in Economic Reforms for Long-Term Growth – Atiku Bagudu March 11, 2025 Ekemini Nigeria’s federal government is making significant strides toward economic transformation by channeling trillions of naira into key sectors to promote growth, food security, and industrial capacity. Atiku Bagudu, the Minister…
Business Economy Finance Local Five Nigerian Firms Project Combined Profit of N54bn in Q2 2025 March 11, 2025 Ekemini Five companies listed on the Nigerian Exchange (NGX) are expected to record a total profit after tax of N54.77 billion in the second quarter of 2025, according to their earnings…
Business International Macroeconomic US Stock Market Loses $1.75 Trillion Following Trump’s Recession Concerns March 11, 2025 Ekemini The US stock market experienced a massive loss of over $1.7 trillion in value after President Donald Trump suggested that a recession could be possible this year. His comments, made…
International Technology Hong Kong Launches Streamlined Visa Scheme to Attract Global Tech Talent March 10, 2025 Ekemini Hong Kong has unveiled the 2025 edition of the Technology Talent Admission Scheme (TechTAS), designed to streamline the entry of international professionals in key technology sectors. This initiative aims to…
Africa Finance International investment Africa Finance Corporation Marks First London Stock Exchange Listing with Market Close Ceremony March 10, 2025 Ekemini Africa Finance Corporation (AFC) recently achieved a significant milestone by marking its first-ever listing on the London Stock Exchange (LSE) with a ceremonial market close. This event, which celebrated AFC’s…
International Macroeconomic Stocks Decline Amid Trump’s Trade War, China’s Deflation Concerns, and Economic Worries March 10, 2025 Ekemini Global stock markets faced declines on Monday, fueled by concerns over rising deflationary pressures in China and growing uncertainties surrounding U.S. economic policies under President Trump. Wall Street futures dropped,…
Business Local Macroeconomic Weak Naira Boosts Nigeria’s Competitiveness to 25-Year High March 10, 2025 Ekemini The devaluation of Nigeria’s naira has significantly enhanced the country’s economic competitiveness, according to a recent report by the British think tank, Chatham House. The naira has fallen by over…
Business Finance International Fitch Assigns Negative Outlook to Adani Energy Amid U.S. Probe Risks March 10, 2025 Ekemini Fitch Ratings has placed a negative outlook on Adani Energy Solutions Limited, citing concerns over corporate governance and the ongoing U.S. investigations into the company. The move follows accusations against…
Business Finance Local CBN Aims for Single-Digit Inflation with Forex Stability Measures March 10, 2025 Ekemini The Central Bank of Nigeria (CBN) has been working diligently to stabilize the foreign exchange (forex) market, resulting in notable improvements in the Naira’s performance in early 2025. In the…
Business Economy Finance International China Bond Yields Surge as Investors Reassess Rate Cut Expectations March 10, 2025 Ekemini China’s sovereign bond yields reached their highest levels of the year, as investor optimism about economic growth led to reduced demand for government bonds. The yield on China’s 10-year government…
investment Local Nigerian Stock Market Declines Amid Selloffs and Declining Fixed Income Yields March 10, 2025 Ekemini The Nigerian stock market closed in negative territory last week due to widespread selloffs in blue-chip companies across various sectors, despite a decline in fixed-income yields. Typically, the stock and…
