Business Local Dangote leads industry peers with 60% gross profit margin April 30, 2025 Ekemini Uba In the first quarter of 2025, Dangote Cement emerged as the leading cement manufacturer in Nigeria, achieving a remarkable 60 percent gross profit margin. This performance solidified its position as…
Local Macroeconomic Technology Nigeria Moves to Update Telecom Law to Match AI, 5G, and Digital Economy Realities April 30, 2025 Ekemini Nigeria is finally taking concrete steps to bring its telecommunications laws up to speed with today’s tech-driven world. The Nigerian Communications Act, originally passed in 2003, played a huge role…
Business Local Macroeconomic Dollar based financing no longer sustainable for startups April 30, 2025 Ekemini At the 21st Annual Africa Venture Capital Association (AVCA) Conference, West African venture capitalists emphasized that dollar-based financing is no longer a sustainable model for startups operating in Nigeria and…
Agriculture Business Local Macroeconomic World Bank: Global commodity prices to drop to six-year low by 2026 April 30, 2025 Ekemini The World Bank has sounded the alarm over falling global commodity prices, forecasting a steep 12% decline in 2025 followed by another 5% in 2026, levels not seen since before…
Business International Macroeconomic Stockpiling ahead of tariffs likely hurt US economy in the first quarter April 30, 2025 Ekemini The U.S. economy likely came to a near standstill, or even slipped into contraction, during the first quarter of 2025, as businesses rushed to import goods ahead of steep tariffs,…
International Investors Flee Wall Street Turmoil, Seek Safety in Emerging Markets and Niche Assets April 30, 2025 Ekemini Investor confidence in Wall Street has sharply declined following a series of disruptive U.S. policy announcements, prompting a widespread capital flight that is now rippling through global markets. President Trump’s…
International Technology Trump Officials Consider Major Changes to Biden’s AI Chip Export Rules April 30, 2025 Ekemini The Trump administration is reportedly considering changes to a Biden-era rule that limits global access to advanced AI chips, with potential revisions set to impact how these semiconductors are distributed…
Business International Technology Intel Gains Interest in Test Chips for Advanced 18A Process Amid Foundry Revamp Plans April 30, 2025 Ekemini Intel’s foundry unit has recently garnered attention from several of its contract manufacturing customers who are interested in building test chips for its upcoming 18A manufacturing process. This advanced chipmaking…
Agriculture Business investment Local Edo State Investment Forum Targets Global Investors for Economic Growth April 30, 2025 Ekemini Edo State is taking significant strides towards economic growth as it seeks to attract investors through the recently concluded Edo State Investment Forum in Dubai. The forum, organized by the…
Business investment Local Technology Nigerian Telcos Commit Over $1 Billion to Chinese Network Gear in Major Infrastructure Push April 30, 2025 Ekemini Telecommunication operators in Nigeria have placed orders exceeding $1 billion for network equipment from Chinese manufacturers, marking a significant investment shift aimed at revitalizing the country’s digital infrastructure. According to…
Business Finance Local Macroeconomic NGX Sheds ₦116bn as Profit-Taking Drags Market Down April 30, 2025 Ekemini The Nigerian Exchange (NGX) closed Tuesday, April 29th, on a bearish note as investors cashed out profits from major stocks like MTN Nigeria, Livestock Feeds, and Multiverse Mining. This round…
International Technology FactCheck Africa Partners Meta’s Language Technology to Fight War Against Misinformation in Africa April 30, 2025 Ekemini In a major step toward combating digital misinformation across Africa, AI-powered fact-checking platform MyAIFactChecker has officially partnered with Meta’s Language Technology initiative. The partnership, announced by FactCheck Africa founder Abideen…
Business investment Local Technology Nigeria’s Cold Chain Market: A N160bn Goldmine for Investors Battling Post-Harvest Losses April 30, 2025 Ekemini Nigeria’s cold chain sector, valued at N160 billion as of 2023, is revealing massive investment potential as it struggles to meet the demands of transporting over 11 million metric tonnes…
Finance International investment Investors Shift to Emerging Market Debt as U.S. Treasurys Lose Safe Haven Status Amid Trump Tariffs April 30, 2025 Ekemini Following U.S. President Donald Trump’s announcement of tariffs in early April 2025, there has been a significant shift in investment patterns, with more funds moving toward emerging market (EM) local…
Business Local Macroeconomic Local and International Capital Providers Key to Nigeria’s Economic Growth, Says NGX CEO April 30, 2025 Ekemini At the 21st Annual AVCA Conference and VC Summit in Lagos, Temi Popoola, the Group Managing Director/CEO of the Nigerian Exchange Group (NGX), emphasized the crucial role both local and…
Local Technology Telecom Stakeholders Push for Stronger Legislation and Regulatory Independence in Nigeria’s Telecom Sector April 30, 2025 Ekemini Stakeholders in Nigeria’s telecom sector are calling for stronger legislative measures to safeguard the industry from excessive local interference and to ensure the Nigerian Communications Commission (NCC) retains its autonomy.…
Business Finance Local FCMB Group Posts ₦7.1 Trillion in Assets, Declares Dividend at 12th AGM Amid Strong FY 2024 Performance April 30, 2025 Ekemini At the recently held 12th Annual General Meeting of FCMB Group Plc in Lagos, shareholders endorsed the company’s robust performance for the 2024 financial year. Key resolutions were passed to…
Business Energy Local NNPC Overhauls Leadership: Maryam Idrisu, Obioma Abangwu Appointed Amid Mass Staff Exit April 30, 2025 Ekemini The Nigerian National Petroleum Company (NNPC) Ltd has initiated a significant restructuring of its leadership, appointing Maryam Idrisu as the new Managing Director of NNPC Trading and naming Obioma Abangwu…
Energy International Macroeconomic IMF Flags Ghana’s Energy Sector as Top Economic Risk, Urges Reform April 30, 2025 Ekemini The International Monetary Fund (IMF) has strongly backed Ghana’s Finance Minister’s warning that the country’s energy sector represents the biggest threat to its economic health. Stéphane Roudet, IMF Mission Chief…
Business Local Macroeconomic Naira Shows Resilience Despite Declining Reserves, Backed by CBN Reforms and Investor Confidence April 30, 2025 Ekemini Despite a noticeable decline in Nigeria’s external reserves, the naira has held steady in both official and parallel markets, signaling growing confidence in recent monetary reforms. Data from the Central…
International investment Macroeconomic UK’s Manufacturing Africa & TLG Capital Launch $200M Fund to Boost Nigerian Manufacturing Sector April 29, 2025 Ekemini In a move to inject fresh capital into Nigeria’s manufacturing sector, the UK government’s Manufacturing Africa program has partnered with London-based investment firm TLG Capital. The collaboration centers on the…
Business Local Nigerian Breweries Appoints Uzodinma Odenigbo as New Corporate Affairs Director April 29, 2025 Ekemini Nigerian Breweries Plc has announced the appointment of Uzodinma Odenigbo as its new Corporate Affairs Director, effective May 1, 2025. This appointment follows the promotion of his predecessor, Sade Morgan,…
Business Energy Local FCCPC asks Ibadan Disco to refund customers’ transformer investments April 29, 2025 Ekemini The Federal Competition and Consumer Protection Commission (FCCPC) has directed the Ibadan Electricity Distribution Company (IBEDC) to refund customers for purchasing electricity infrastructure such as transformers, poles, and cables. During…
investment Local CBN’s Financial Reforms Stabilise Nigeria’s Economy and Boost Investor Confidence April 29, 2025 Ekemini Since Olayemi Cardoso assumed office as Governor of the Central Bank of Nigeria (CBN) in October 2023, a raft of reforms aimed at stabilising the Nigerian economy has begun to…
International Technology CAFS 2025: How Canada and Africa Are Joining Forces to Drive Fintech Innovation and Inclusive Growth April 29, 2025 Ekemini As fintech reshapes economies around the world, 2025 marks a turning point for deeper collaboration between Canada and Africa. Leading this movement is the Canada-Africa Fintech Summit (CAFS), an initiative…
International Technology DeepSeek AI App Restored in South Korea After Privacy Compliance Updates April 29, 2025 Ekemini Chinese AI service DeepSeek is now back on South Korean app stores after a two-month suspension that followed concerns over user data mishandling. The app had been pulled in February…
Business Local Macroeconomic Nigeria’s Debt Servicing Surges to N696bn in January, Outpaces Revenue by 144% April 29, 2025 Ekemini Nigeria’s fiscal crisis deepened in January 2025 as the Federal Government spent a staggering N696.27bn on debt servicing, an amount that surpassed its total retained revenue of N483.47bn by 44%.…
Business Finance International European Markets End on a High, FTSE 100’s Winning Streak Continues Amid Trade Uncertainty April 29, 2025 Ekemini European stock markets closed higher on Thursday, with most sectors seeing gains despite ongoing concerns about trade uncertainties. The pan-European Stoxx 600 index rose by 0.38%, while major bourses like…
Business International Macroeconomic CNBC Daily Open: U.S. consumers are starting to feel the pinch of Trump tariffs April 29, 2025 Ekemini U.S. consumers are increasingly feeling the economic consequences of President Donald Trump’s tariffs, with price hikes and potential supply shortages looming. Chinese e-tailer Temu, known for offering affordable products, has…
Business International Technology Emerging Economies Show Greater Trust in AI, Survey Finds April 29, 2025 Ekemini A new global survey from the University of Melbourne and KPMG reveals that people in emerging economies are more trusting of artificial intelligence (AI) than those in advanced economies. The…
