International Macroeconomic Trump Imposes 104% Tariff on China Following Failed Deadline, Intensifying Trade Tensions April 9, 2025 Ekemini The Trump administration has escalated its trade war with China by imposing a significant 104% tariff on Chinese imports. This decision came after Beijing missed a Tuesday deadline to lift…
Africa Business International IMF Warns of Increased Funding Requests from Africa Amid U.S. Tariff Fallout April 9, 2025 Ekemini The International Monetary Fund (IMF) is bracing for an influx of funding requests from African nations, as the economic consequences of U.S. President Donald Trump’s recent tariffs begin to unfold.…
Agriculture Business Local US Tariff Hits Ghana’s Cocoa, Textiles, and Agriculture Sectors April 9, 2025 Ekemini Ghanaian exporters are facing significant challenges due to the United States’ recent decision to impose a 10% tariff on imports, which is expected to negatively affect the country’s key non-traditional…
Business Local Stock ETI, Calbank, and Total Drive GSE’s Strong Performance in Q1 2025-GHANA April 9, 2025 Ekemini The Ghana Stock Exchange (GSE) kicked off 2025 with impressive gains, driven by substantial growth from key companies in the first quarter. Ecobank Transnational Incorporated (ETI) led the charge, seeing…
Business International Macroeconomic Trump’s New Tariffs Shake Global Markets, Pushing Stocks into Decline April 9, 2025 Ekemini US President Donald Trump’s latest round of tariffs, including a striking 104% duty on Chinese goods, took effect on Wednesday, intensifying his ongoing trade war with numerous countries. These tariffs,…
Africa International Technology Africa’s $60 Billion AI Bet: Ambitious but Lags Behind Global Rivals April 9, 2025 Ekemini Africa has set an ambitious goal with a $60 billion investment into Artificial Intelligence (AI) development, representing 2.2% of the continent’s $2.78 trillion GDP. This initiative, part of the Africa…
Business investment Local Investors Gain N100bn as Nigerian Stock Market Rebounds After Previous Loss April 9, 2025 Ekemini Investors in the Nigerian Exchange Limited (NGX) experienced some relief as the market reversed a previous loss and gained N100.45 billion in market capitalisation. This positive shift followed a significant…
International Macroeconomic Trump’s Tariffs Threaten U.S. Economy and New York’s Future, Warns Senator Schumer April 8, 2025 Ekemini Senator Chuck Schumer has sharply criticized former President Donald Trump for the economic fallout caused by his tariff policies, claiming that they have plunged the U.S. into chaos. According to…
International investment Nigeria Stocks Join Global Decline Amid Tariff Turmoil, Investors Lose N659bn April 8, 2025 Ekemini Nigeria’s stock market suffered significant losses, mirroring a global downturn triggered by U.S. President Donald Trump’s tariffs. On April 7, 2025, the Nigerian Exchange’s All Share Index (ASI) fell by…
Africa Business International AfDB President Adesina Calls for Stronger Global Financial Ties with Africa to Drive Economic Growth April 8, 2025 Ekemini Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), has called for stronger collaboration between international financial hubs and African markets to unlock the continent’s economic potential and foster…
International Macroeconomic Asia-Pacific Markets Rebound Following Previous Losses Amid Trade Tensions April 8, 2025 Ekemini Asian stock markets experienced a significant rebound on Tuesday after sharp losses in the previous session triggered by concerns over U.S. President Donald Trump’s trade policies. Markets in Japan, Australia,…
Business Local Stock Bullish Momentum in Nigerian Fixed-Income Market to Slow in Q2 2025 Amid Global Trade Shifts April 8, 2025 Ekemini The Nigerian fixed-income market experienced significant bullish momentum in the first quarter of 2025, driven by factors such as inflation moderation, exchange rate stability, and higher rates on new issues,…
Business Finance International False Report on Trump’s Tariff Pause Sparks Wall Street Chaos April 8, 2025 Ekemini Amid a turbulent morning on Wall Street, a false report posted by the popular news aggregator account, Walter Bloomberg, caused significant market volatility. The false headline, stating that President Trump…
Local Technology Nigeria Eyes First National Data Park and AI Compute Hub at Egbin Power Plant April 8, 2025 Ekemini In an effort to boost Nigeria’s digital economy, the government is planning to build the country’s first National Data Park and AI Compute Infrastructure at the Egbin Power Plant in…
Business Local Technology Tech Leaders to Convene in Abuja for $180 Billion African Digital Economy Conference April 8, 2025 Ekemini The African Digital Economy & Inclusivity Conference (AFDEIC) 2025 will be held in Abuja, Nigeria, from August 12 to 14. This major event is expected to attract key stakeholders, including…
Local Macroeconomic International payments facilitated by CBN hit $497m in February April 8, 2025 Ekemini In February 2025, the Central Bank of Nigeria (CBN) recorded a 17.2% year-on-year increase in international payments, totaling $497.91 million. This marks a significant rise from the $424.96 million recorded…
Business Economy Local CBN, Firms Drive FX Inflows to 22-Month High Amid Global Trade Uncertainties April 8, 2025 Ekemini 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 increase. This spike was attributed to a rise in inflows…
International Trade African Trade Ministers to Convene on April 14 to Address Impact of U.S. Tariffs April 8, 2025 Ekemini African trade ministers will meet on April 14, 2025, to discuss the potential impact of new tariffs imposed by the U.S. under President Donald Trump. The tariff, set at 10…
Africa Business Economy Local AGI Warns Against ECG’s Non-Compliance with Local Content Laws in Cable Imports April 8, 2025 Ekemini The Association of Ghana Industries (AGI) has raised concerns about the Electricity Company of Ghana’s (ECG) continued importation of electrical cables, including aluminium conductors, despite the country’s full local production…
Energy Local Presidential CNG Initiative to Launch 150 New Stations in 18 Months Amid Safety Efforts April 8, 2025 Ekemini The Presidential CNG Initiative (PCNGI) has announced plans to establish at least 150 new refueling stations across Nigeria within the next 18 months. Michael Oluwagbemi, Chief Executive of the initiative,…
Local Macroeconomic Trump’s Trade War Deepens Nigeria’s Fiscal Crisis, Puts N55tr Budget at Risk April 8, 2025 Ekemini Nigeria is facing significant fiscal challenges as global economic uncertainties, including the trade war initiated by former U.S. President Donald Trump, continue to disrupt its financial plans. The country’s ambitious…
International No Entry Ban on Nigeria, Saudi Arabia Denies Viral Claims April 8, 2025 Ekemini The Nigerian Ministry of Foreign Affairs has officially refuted claims circulating online that Nigeria has been added to a list of countries facing an entry ban into Saudi Arabia. These…
Business Economy Local Governors Block Local Government Chairmen from Opening CBN Accounts for Direct Allocation Payments April 8, 2025 Ekemini The implementation of the Supreme Court’s ruling on local government autonomy has encountered new challenges, as several state governors are actively preventing local government chairmen from opening accounts with the…
Business Local Macroeconomic Naira Weakens to N1,629 per Dollar on Official Market Amid Rising Dollar Demand April 8, 2025 Ekemini Nigeria’s foreign exchange market saw increased pressure on Monday, with the naira dropping to N1,629 per dollar at the official market, a decline from the N1,600/$1 recorded on Friday. This…
Local Macroeconomic BDC Operators Advocate Economic Partnerships with India, China Amid U.S. Tariff Hike on Nigerian Exports April 8, 2025 Ekemini The Association of Bureau de Change Operators of Nigeria (ABCON) has urged the Nigerian government to explore strategic economic partnerships with countries like India, China, and other African markets. This…
Business International Macroeconomic Trump’s Tariff Threats Spark Global Selloff, Shake Nigeria’s Markets April 8, 2025 Ekemini Nigeria’s financial markets faced turbulence this week as renewed trade tensions, sparked by former US President Donald Trump’s fresh tariff threats, rattled global markets. The announcement of new tariffs on…
Business Finance Local Naira Depreciates by 2.6% in March Despite $668M CBN Intervention April 8, 2025 Ekemini The Nigerian naira experienced significant depreciation in March, falling by 2.4% at the Nigerian Autonomous Foreign Exchange Market (NAFEM) window and 2.6% at the parallel market. The currency closed at…
International Technology MTN Group Set to Launch Streaming Platform to Rival Netflix in Africa April 7, 2025 Ekemini MTN Group, Africa’s leading mobile operator, has announced plans to launch a new streaming platform aimed at competing with major players like Netflix and Amazon Prime Video. The platform, which…
Agriculture Business Local Akwa Ibom Government Disburses N335 Million to Empower Oron Farmers and Entrepreneurs April 7, 2025 Ekemini The Akwa Ibom State Government has allocated a total of N335 million in grants to farmers, traders, and entrepreneurs in the Oron Federal Constituency. Governor Umo Eno made the announcement…
Finance International Trump’s Tariff Policy Triggers Global Market Chaos as Fears of Recession Mount April 7, 2025 Ekemini President Donald Trump’s aggressive tariff strategy has sent shockwaves through global financial markets, with U.S. stocks bracing for more volatility. Following Trump’s announcement that foreign governments must “pay a lot…
