AFDEIC 2025 to Address Africa’s $180B Digital Economy, AI’s Role in Inclusive Growth
The African Digital Economy & Inclusivity Conference (AFDEIC 2025) is poised to address Africa’s rapidly growing $180 billion digital economy,…
Month: April 2025
Yen and Swiss Franc Top Safe-Haven Picks Amid Trump Tariffs, Analysts Say
In light of President Donald Trump’s recent announcement of reciprocal tariffs, investors are flocking to safe-haven assets, with the Japanese…
C&I Leasing Expands Electric Vehicle Use in Ghana Amid Successful Series 5 Commercial Paper Issuance
C&I Leasing Plc has experienced significant success in its recent Series 5 Commercial Paper Issuance, concluding in March 2025, which…
Nigeria’s Financial Markets in Turmoil as Trump Tariffs Trigger Global Shockwaves
Nigeria’s financial markets are grappling with volatility amid global disruptions caused by renewed tariff threats from former U.S. President Donald…
JPMorgan CEO Jamie Dimon Warns U.S. Tariffs Could Slow Growth, Fuel Inflation
JPMorgan Chase CEO Jamie Dimon issued a cautionary statement in his annual letter to shareholders, warning that ongoing U.S. tariffs…
Microsoft Joint Venture Wicresoft to Halt China Operations and Lay Off 2,000 Staff Amid Tensions
Microsoft’s joint venture in China, Wicresoft, will halt its operations in the country starting Tuesday, according to a report by…
China Assures U.S. Companies of Protection Amid Ongoing Trade Tensions
China’s Vice Commerce Minister, Ling Ji, reassured U.S. companies, including prominent names like Tesla and GE Healthcare, that the Chinese…
Telecom Service Quality Declines After Tariff Hike, Consumers Express Discontent
Telecom service quality in Nigeria has significantly deteriorated, sparking frustration among customers. Subscribers, including small business owners and everyday users,…
Nigerian Breweries Reinforces Sustainability Commitment
Nigerian Breweries Plc has reaffirmed its dedication to sustainability under its “Brew a Better World” (BaBw) agenda, which focuses on…
Investor Confidence Rises as Nigerian Banks Secure N2.4 Trillion in Q1 2025 Capital Raise
In the first quarter of 2025, Nigerian banks raised an impressive N2.4 trillion through the capital market as part of…
Trump’s 14% Tariff on Nigerian Exports Poses Threat to $6 Billion Annual Revenue
The recent imposition of a 14% tariff by U.S. President Donald Trump on Nigerian exports has raised serious concerns among…
FG to Receive First Batch of 3.2 Million Electricity Meters in April 2025
In a bid to address the significant metering gap in Nigeria’s electricity sector, the Federal Government has announced plans to…
Bank of Ghana Engages Traders to Reaffirm Commitment to Economic Stability
The Bank of Ghana (BoG) recently met with the Ghana Union of Traders Association (GUTA) to reaffirm its commitment to…
Bank of Ghana to Auction $120 Million to BDCs in Q2 of 2025 to Ease Forex Pressure
The Bank of Ghana (BoG) has announced plans to auction a total of $120 million to Bulk Oil Distribution Companies…
Asian Markets Dive as Trump’s Tariff War Deepens Global Economic Turmoil
Asian markets faced a sharp decline on Monday, deepening a global stock market rout spurred by the escalating trade war…
NGX Faces Setback Despite Strong Earnings Season
The Nigerian Stock Exchange (NGX) started April on a negative note, reversing the previous week’s gains and continuing the bearish…
Experts Endorse Nigeria Re’s AI Strategy to Boost Insurance Sector Growth
Stakeholders in Nigeria’s insurance sector have shown strong support for Nigeria Reinsurance Corporation’s new artificial intelligence (AI) strategy, lauding its…
CBN Intervenes in FX Market as Naira Struggles Amid Trump Tariffs and Oil Price Drops
The Central Bank of Nigeria (CBN) stepped in to stabilize the foreign exchange market on Friday by selling $197.71 million…
Nigeria Considers Strengthening Trade Ties with China, EU, and BRICS in Response to US Tariffs
In response to the imposition of new US tariffs, Nigerian fund managers from Cory Assets Management Limited, led by Johnson…
Hoodlums Vandalize Major Gas Pipeline in Bayelsa, State Government Vows Action
In a recent act of vandalism, suspected oil thieves have attacked the Ogboinbiri/Obiobi 24-inch gas pipeline, located between Angiama and…
WTO Director-General Okonjo-Iweala Warns Trump Over New Tariffs
The Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, has raised concerns about the impact of new tariffs…
NNPC Appoints New Management Team, Ojulari Takes Over from Kyari
The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially welcomed its new Group Chief Executive Officer (GCEO), Mr. Bashir…
CBN May Slow Down Reserve Accumulation to Stabilize Naira, JPMorgan Predicts
JPMorgan analysts have suggested that the Central Bank of Nigeria (CBN) may reduce its pace of absorbing foreign inflows into…
Nigerian Stock Market Experiences Minor Decline in Holiday-Shortened Week
The Nigerian stock market experienced a slight drop of 0.14% in the trading week that concluded on Friday, April 4,…
Tinubu Appoints Ayo Sotinrin as New MD of Bank of Agriculture
President Bola Tinubu has appointed Ayo Sotinrin as the new Managing Director of the Bank of Agriculture, effective immediately. The…
Unfair Credit Ratings Increasing Borrowing Costs for African Countries, Says ECA
African countries continue to struggle with high borrowing costs due to what they perceive as unfair credit ratings assigned by…
Nigeria Seeks $10.5 Million Loan from World Bank to Boost CBN’s Capacity and Payment Infrastructure
Nigeria has approached the World Bank for a new loan of $10.5 million to enhance the technical capacity of the…
China Hits Back with 34% Tariffs on U.S. Imports, Escalating Trade Tensions
In a sharp retaliation to President Donald Trump’s recent tariff hikes, China has announced new tariffs of 34% on all…
Trump Suggests China Could Receive Tariff Relief in Exchange for TikTok Approval
President Donald Trump recently indicated that China could receive tariff relief if it approves the sale of TikTok, the popular…
FCMB Records N111.9bn Profit Before Tax for 2024, Announces Strong Growth
First City Monument Bank (FCMB) posted a remarkable Profit Before Tax (PBT) of N111.9 billion for the financial year ending…