Nigerians Fear Losses as CBEX Investment App Locks Users Out Amid Crash Fears
In a distressing turn of events, Nigerian users of the digital investment platform CBEX are voicing their fears and frustrations…
Day: April 15, 2025
Nigeria’s Inflation Rate Climbs to 24.23% in March 2025 Amid Rising Economic Pressures
Nigeria’s inflation rate has surged to 24.23% in March 2025, as reported by the National Bureau of Statistics (NBS). This…
FCT Hits 95% Budget Execution in 2024 – Wike
Nyesom Wike, the Minister of the Federal Capital Territory (FCT), has reported an impressive 95% implementation of the 2024 FCT…
U.S Stock Futures Rise on Auto Tariff Exemption Hopes Amid Ongoing Uncertainty
U.S. stock index futures edged higher on Tuesday, driven by optimism that the auto sector could receive tariff relief. President…
China Pushes Back on U.S. Deep-Sea Metal Stockpile Plans, Citing International Law
So according to a recent report, the U.S. is apparently working on plans to stockpile deep-sea metals from the Pacific…
March Inflation Expected to Hold at 23.18% Amid Balancing Forces in Food, FX, and Fuel Markets
Analysts are projecting that Nigeria’s headline inflation for March 2025 will likely stay relatively flat around 23.18%, matching February’s figure.…
Lagos Partners with REA to Expand Renewable Energy Access and Bridge Power Gaps
In a decisive move to tackle Lagos State’s longstanding energy challenges, the Lagos State Government has signed a Memorandum of…
Africa Sees 14% Surge in Spyware Attacks Amid Rising Cyber Threats — Kaspersky
Africa witnessed a 14% year-on-year increase in spyware detections targeting businesses between 2023 and 2024, according to new data from…
OpenAI Drops GPT-4.1 Series with Focus on Coding Efficiency
OpenAI has introduced a new set of AI models dubbed the GPT-4.1 family, signaling a push toward smarter, more efficient…
Autos Drive European Markets Up as Trump Hints at Tariff Relief
European markets opened on a strong note Tuesday, with the Stoxx 600 up over 1.2% by mid-morning, powered by a…
Stock Market Close Lower on Profit-taking in Nestle Nigeria, 23 Others
The Nigerian stock market kicked off the week on a slight downturn as investors cashed out on gains from Nestle…
Trump’s Tariff War and Global Trade: A Push for Responsible Governance
In a recent debate on global trade and governance, economist Jeffrey Sachs criticized the U.S. administration’s approach to tariffs and…
CBN Advocates for Stronger Banks to Achieve $1 Trillion Economy by 2030
The Central Bank of Nigeria (CBN) has emphasized the need for resilient and stable banks in achieving the nation’s $1…
Declining Oil Production Threatens Nigeria’s Fiscal Stability and Dollar Earnings
Nigeria’s fiscal stability is under increasing pressure as the country’s crude oil production dropped to its lowest level in 2025.…
Banks Essential to Nigeria’s $1 Trillion GDP Target, CBN Says
Nigeria’s ambition to reach a $1 trillion GDP by 2030 heavily relies on the banking sector’s ability to increase capital…
GIA and SEC Unveil Strategic Plan for Nigeria’s Digital Asset Market Growth
The Global Investment Advisory (GIA) Community, in partnership with the Securities and Exchange Commission (SEC), has unveiled a comprehensive Digital…
GNCCI Warns Ghana’s 2025 Inflation Target at Risk Due to Rising Costs and Policy Hikes
The Ghana National Chamber of Commerce and Industry (GNCCI) has raised concerns that the country’s 2025 inflation target of 11.9%…
Naira Weakens as Dollar Index Hits 2022 Lows Amid Growing Market Concerns
The Nigerian naira saw slight gains in the country’s foreign exchange market, with official rates hovering near N1600/$, while the…
Firm secures funding to promote AI
The Kayode Alabi Leadership and Career Initiative (KLCI) has received N75 million in cloud credits from Amazon Web Services (AWS)…
OPEC Lowers Oil Demand Forecast as US Tariffs Rattle Global Markets
OPEC has revised its global oil demand growth forecast for 2025, trimming it to 1.3 million barrels per day (bpd),…
CBN Warns Banks Against Illicit Funds Amid Recapitalisation Drive
The Central Bank of Nigeria (CBN) has issued a strong warning to deposit money banks against sourcing capital from illicit…