Naira muted in unofficial market, Dollar turns green in global market
The Nigerian naira stayed relatively flat in the unofficial market, trading between N1,600 and N1,605 to the…
Daily Archives
April 23, 2025
Nigerians Boost Savings as Quasi-Money Climbs 3.65% in March 2025 Amid Economic…
Nigerians are leaning into savings as the economy faces continued uncertainty, with quasi-money—highly liquid…
EU Slaps €700 Million Fine on Apple and Meta for Breaching Digital Competition…
In a significant move on April 23, 2025, the European Union fined Apple and Meta a total of €700 million for…
IOCs Undermine Nigerian Refineries by Dodging Local Crude Supply Mandates
Despite legal obligations under Nigeria’s Petroleum Industry Act (PIA), international oil companies (IOCs)…
OpenAI Eyes Chrome Acquisition Amid Google Antitrust Trial, Cites AI Competition…
OpenAI has expressed interest in potentially acquiring Google’s Chrome browser if regulators force its sale,…
Flutterwave and Yellow Card Join Circle’s Global Payments Network to Boost…
Flutterwave and Yellow Card have officially joined the Circle Payments Network (CPN), a major step in transforming…
Nigerian Insurance Sector Experiences 61% Growth in 2024, with Focus on Claims…
The Nigerian insurance industry has witnessed an impressive 61% growth as of the third quarter of 2024, as…
IMF Warns of Growing Global Financial Stability Risks Amid Tightening Conditions…
The International Monetary Fund (IMF) has issued a warning about rising global financial stability risks, driven…
U.S. Regulatory Scrutiny Sparks Fears of Chinese Stock Delisting
Concerns over the potential delisting of Chinese stocks from U.S. exchanges have been reignited, particularly…
Legend Internet Set to List 2 Billion Shares on NGX, Paving Way for Digital Growth…
Legend Internet Plc is making headlines as it prepares to list 2 billion shares on the Nigerian Exchange (NGX)…
Trump Slams Fed Chair Powell, Triggering Market Turmoil and Dollar Slide
U.S. financial markets took a sharp dive on Monday after President Donald Trump publicly lashed out at Federal…
Brokers recommend “hold” on banking stocks as market sentiment improves
Market analysts are taking a cautious but optimistic stance on Nigeria's banking sector, issuing a string of…
Naira Holds Steady Amid Global Dollar Resurgence and Fed Drama
The naira stayed relatively stable in Nigeria’s unofficial market, trading between N1,600 and N1,605 per dollar,…
NGX posts N318bn gain after Easter break
The Nigerian Stock Exchange (NGX) saw a positive rebound after the Easter break, with a significant gain of N318…
IMF Forecasts Nigeria’s Inflation to Reach 37% by 2026 Amid Economic…
The International Monetary Fund (IMF) has projected that Nigeria's headline inflation will surge to 37% in 2026,…
Naira in Circulation Drops to N5tn as of March 2025 Amid Tightened Monetary Policy
As of March 2025, Nigeria's currency in circulation dropped to N5 trillion, reflecting a decrease from N5.04…
IMF Cuts Global Growth Forecast for 2025 Amid Escalating Trade Tensions and Policy…
The International Monetary Fund (IMF) has downgraded its global growth forecast for 2025, now predicting an…
Ghana’s Energy Sector Poses Major Economic Threat, Says Finance Minister Ato…
Ghana's Minister of Finance, Dr. Cassiel Ato Forson, has identified the energy sector as the most pressing…
Tinubu Urges Deeper ECOWAS Integration to Harness AfCFTA’s Promise
At the ECOWAS Golden Jubilee event in Accra, Nigerian President Bola Tinubu, represented by Ambassador Bianca…
Customs Eyes Return of 4% FOB Charge Amid Ongoing Duty Relief Efforts
The Nigeria Customs Service (NCS) has announced plans to reintroduce the controversial four per cent Free-on-Board…