Naira Stabilizes as FX Market Liquidity Improves, Dollar Rate Inches Down
The Nigerian naira remained stable on Tuesday at the official foreign exchange (FX) market, closing slightly stronger against the dollar.…
Day: April 16, 2025
Local Investors Take the Lead in Africa’s Evolving Startup Funding Landscape
Africa’s startup funding scene is shifting in a big way, with local investors stepping up more than ever. In 2024,…
Dangote Refinery Slashes Petrol Ex-Depot Price to N835 Amid Global Crude Dip
Dangote Petroleum Refinery has once again brought some relief to the downstream oil sector by cutting the ex-depot price of…
Fitch projects Nigeria’s external debt service to hit $5.2bn in 2025
Fitch Ratings has projected a sharp increase in Nigeria’s external debt service, expecting it to rise to $5.2 billion in…
Nigerian Government Grants 47 Refinery Licenses to Boost Domestic Production and Energy Security
In a significant move to enhance Nigeria’s refining capacity and reduce reliance on imported petroleum products, the Federal Government has…
AEW 2025 Sets Stage for Africa’s $43bn Energy Boom, Focuses on Transition and Investment
The African Energy Week (AEW) has officially launched its 2025 conference, marking a pivotal moment in Africa’s energy future. Capital…
Nigerian Exporters Urged to Adopt Self-Sustaining Forex Strategies to Reduce CBN Dependence
Nigerian exporters have been advised to reduce their reliance on the Central Bank of Nigeria (CBN) for foreign exchange by…
World Bank Applauds Nigeria’s Strong GDP Growth, Urges Continued Economic Reforms
The World Bank has praised Nigeria’s recent economic progress, specifically its 3.4% GDP growth in 2024, the strongest since 2014.…
SEC, SMEDAN Partner to Enhance SME Financing through Capital Market
The Securities and Exchange Commission (SEC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have formed a…
European Markets Dip Amid Tariff Concerns and Disappointing Earnings from ASML
European markets opened lower on Wednesday, continuing the trend of uncertainty driven by concerns over U.S. trade tariffs. The pan-European…
Trump Signals New Tariffs on Smartphones, Computers, and Electronics
President Donald Trump has announced plans to impose new tariffs on imported semiconductors, with an announcement expected later this week.…
Google Cloud Stakes Its Claim in Enterprise AI at Next ’25 with Tools, Partners & Power Moves
At Google Cloud Next ’25, Google made it clear, it’s not chasing in the AI race anymore, it’s setting the…
Frustration grows amid prolonged network glitch
Since the federal government approved a 50% tariff hike in January 2025 to supposedly improve telecom services, Nigerians have been…
Nigeria’s Inflation Climbs to 24.23% as Cost of Healthy Diet Doubles — NBS Report
Nigeria’s inflation rate has surged yet again, hitting 24.23% in March 2025, according to fresh data from the National Bureau…
CBEX Collapse Triggers Urgent Calls for Stronger Regulation of Digital Asset Trading in Nigeria
The collapse of the CBEX digital asset trading platform has sparked widespread calls for more stringent government regulation of digital…
Google Launches Veo 2 AI Video Generator for Gemini Advanced Subscribers, Challenging OpenAI’s Sora
Google has officially launched Veo 2, an AI-powered video generation tool, available to subscribers of its premium Gemini Advanced plan.…
Ghana Economists Urge Swift Action for IMF’s $370 Million Approval Amid Economic Challenges
Economists in Ghana are urging the government to expedite efforts in securing the necessary assurances from the International Monetary Fund…
Nigeria and Sweden Launch EPICENTRE Innovation Hub to Boost Green, Digital Transformation
Nigeria is taking a big step toward a more sustainable, tech-driven future through a new partnership between 21st Century Technologies…
Nigeria reaffirms strong ties with US amid global uncertainty
Nigeria’s Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, has emphasized the country’s unwavering commitment to its long-standing strategic…
Analysts Predict Temporary Easing of Inflation in April Amidst Economic Pressures
Economic analysts are cautiously optimistic that Nigeria could see some easing in inflation for April 2025, despite the lingering macroeconomic…
FAAC Allocation Drops for Third Month to N1.57tn Amid Fiscal Pressures
The Federation Account Allocation Committee (FAAC) reported a continued decline in revenue shared among the federal, state, and local governments,…