Trump’s Tariffs Threaten U.S. Economy and New York’s Future, Warns Senator Schumer
Senator Chuck Schumer has sharply criticized former President Donald Trump for the economic fallout caused by his tariff policies, claiming…
Day: April 8, 2025
Nigeria Stocks Join Global Decline Amid Tariff Turmoil, Investors Lose N659bn
Nigeria’s stock market suffered significant losses, mirroring a global downturn triggered by U.S. President Donald Trump’s tariffs. On April 7,…
AfDB President Adesina Calls for Stronger Global Financial Ties with Africa to Drive Economic Growth
Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), has called for stronger collaboration between international financial hubs and…
Asia-Pacific Markets Rebound Following Previous Losses Amid Trade Tensions
Asian stock markets experienced a significant rebound on Tuesday after sharp losses in the previous session triggered by concerns over…
Bullish Momentum in Nigerian Fixed-Income Market to Slow in Q2 2025 Amid Global Trade Shifts
The Nigerian fixed-income market experienced significant bullish momentum in the first quarter of 2025, driven by factors such as inflation…
False Report on Trump’s Tariff Pause Sparks Wall Street Chaos
Amid a turbulent morning on Wall Street, a false report posted by the popular news aggregator account, Walter Bloomberg, caused…
Nigeria Eyes First National Data Park and AI Compute Hub at Egbin Power Plant
In an effort to boost Nigeria’s digital economy, the government is planning to build the country’s first National Data Park…
Tech Leaders to Convene in Abuja for $180 Billion African Digital Economy Conference
The African Digital Economy & Inclusivity Conference (AFDEIC) 2025 will be held in Abuja, Nigeria, from August 12 to 14.…
International payments facilitated by CBN hit $497m in February
In February 2025, the Central Bank of Nigeria (CBN) recorded a 17.2% year-on-year increase in international payments, totaling $497.91 million.…
CBN, Firms Drive FX Inflows to 22-Month High Amid Global Trade Uncertainties
In March 2025, Nigeria’s foreign exchange (FX) inflows surged to a 22-month high of $3.11 billion, marking a 51% month-on-month…
African Trade Ministers to Convene on April 14 to Address Impact of U.S. Tariffs
African trade ministers will meet on April 14, 2025, to discuss the potential impact of new tariffs imposed by the…
AGI Warns Against ECG’s Non-Compliance with Local Content Laws in Cable Imports
The Association of Ghana Industries (AGI) has raised concerns about the Electricity Company of Ghana’s (ECG) continued importation of electrical…
Presidential CNG Initiative to Launch 150 New Stations in 18 Months Amid Safety Efforts
The Presidential CNG Initiative (PCNGI) has announced plans to establish at least 150 new refueling stations across Nigeria within the…
Trump’s Trade War Deepens Nigeria’s Fiscal Crisis, Puts N55tr Budget at Risk
Nigeria is facing significant fiscal challenges as global economic uncertainties, including the trade war initiated by former U.S. President Donald…
No Entry Ban on Nigeria, Saudi Arabia Denies Viral Claims
The Nigerian Ministry of Foreign Affairs has officially refuted claims circulating online that Nigeria has been added to a list…
Governors Block Local Government Chairmen from Opening CBN Accounts for Direct Allocation Payments
The implementation of the Supreme Court’s ruling on local government autonomy has encountered new challenges, as several state governors are…
Naira Weakens to N1,629 per Dollar on Official Market Amid Rising Dollar Demand
Nigeria’s foreign exchange market saw increased pressure on Monday, with the naira dropping to N1,629 per dollar at the official…
BDC Operators Advocate Economic Partnerships with India, China Amid U.S. Tariff Hike on Nigerian Exports
The Association of Bureau de Change Operators of Nigeria (ABCON) has urged the Nigerian government to explore strategic economic partnerships…
Trump’s Tariff Threats Spark Global Selloff, Shake Nigeria’s Markets
Nigeria’s financial markets faced turbulence this week as renewed trade tensions, sparked by former US President Donald Trump’s fresh tariff…
Naira Depreciates by 2.6% in March Despite $668M CBN Intervention
The Nigerian naira experienced significant depreciation in March, falling by 2.4% at the Nigerian Autonomous Foreign Exchange Market (NAFEM) window…