IpNX and NCC Strengthen Collaboration to Drive Nigeria’s Broadband Growth
IpNX, a leading Nigerian ICT company and connectivity provider, is deepening its collaboration with the Nigeria Communications Commission (NCC) to…
Month: April 2025
Experts Urge Export Diversification Amid U.S. Tariff Threats
As the United States imposes new tariffs on global trade, experts are urging African nations, including Ghana, to accelerate efforts…
Global Selloff Accelerates as Japanese Banks Struggle Amid Tariff Concerns
Investors are reacting to a global selloff triggered by U.S. President Donald Trump’s tariff policies, which have significantly impacted Japanese…
Macron Calls for Suspension of US Investments Amid Tariff Dispute
French President Emmanuel Macron has called for European companies to suspend planned investments in the United States following the announcement…
Limited Impact of US Trade War on Nigeria’s Economy, Says Economist Dr. Muda Yusuf
Dr. Muda Yusuf, a prominent economist, has suggested that the ongoing trade war between the United States and other countries,…
Nigerian Breweries Reports N1.07 Trillion Revenue Amid Economic Challenges
In 2024, Nigerian Breweries achieved a significant revenue of N1.07 trillion, nearly doubling its 2023 performance of N599.5 billion. However,…
Nigeria Officially Recognizes Cryptocurrency as Securities in ISA 2025
Nigeria has officially recognized cryptocurrency and digital assets as securities for the first time with the enactment of the Investment…
Naira Depreciates Amid Trump’s New Trade Tariffs and Global Market Instability
The Nigerian naira experienced a significant decline against the US dollar on Thursday, following US President Donald Trump’s announcement of…
Telcos Invest in Network Upgrades Amid Tariff Hikes to Satisfy Nigerian Customers
Telecom operators in Nigeria are embarking on major network infrastructure upgrades to address growing frustrations among customers due to poor…
U.S. Ambassador Reassures Ghana Amid Trade Policy Shifts
The United States Ambassador to Ghana, Virginia Evelyn Palmer, sought to calm concerns regarding the future of U.S.-Ghana trade relations…
US Tech and Retail Stocks Plunge as Trump’s Tariffs Trigger Global Market Panic
A sharp market sell-off was triggered after President Donald Trump announced sweeping new tariffs, which sent megacap U.S. tech and…
Trump’s Trade Policies Spark Record Outflows from Asian Equities in Q1
In the first quarter of 2024, foreign investors pulled the largest amount of capital from Asian equities in 15 years,…
Investors Seek Safe Havens Amid Growing Tariff Uncertainty
As tariffs continue to shape the global trade landscape, investors are searching for strategies to mitigate the economic impact. With…
China threatens countermeasures as Trump’s tariffs escalate trade tensions
The trade dispute between the United States and China has intensified following President Donald Trump’s latest announcement of new tariffs…
Stakeholders Praise ISA 2025 as a Milestone for Nigerian Capital Market Growth
Key stakeholders in Nigeria’s capital market have expressed strong support for the recently signed Investments and Securities Act 2025 (ISA…
Bitcoin Dips to $82,000 Amid Trade Tensions Following Trump’s Tariff Announcement
Bitcoin (BTC) experienced a notable decline on Thursday, dropping to around $82,000, a 4% loss, amid heightened global trade tensions…
Softening Inflation Fuels Private Sector Growth to 54.3 in March 2024
Private sector growth in Nigeria saw a significant uptick in March 2024, with the Stanbic IBTC Bank Purchasing Managers’ Index…
Obasanjo’s $700 Million Investment in Cameroon Sparks Concerns Over Nigeria’s Business Climate
Former Nigerian President Olusegun Obasanjo, through his firm Agro-Allied Business Ltd (OABL), is set to invest $700 million in Cameroon’s…
EU Prepares Countermeasures Against New U.S. Tariffs, Warns of Global Economic Impact
European Commission President Ursula von der Leyen has strongly criticized U.S. President Donald Trump’s recent universal tariffs, describing them as…
Nigeria and Japan Launch Youth-Centric Venture Fund to Boost Innovation
In a move to support youth entrepreneurship, Nigeria and Japan have launched a venture capital fund aimed at stimulating high-growth…
MRS Oil Nigeria Forecasts N2.93bn Q2 Profit Amid Delisting Plans from NGX
MRS Oil Nigeria Plc has projected a profit after tax of N2.93 billion for Q2 2025, according to its financial…
Trump Imposes 14% Tariff on Nigeria, Reworking Global Trade Dynamics
In a significant shift in U.S. trade policy, President Donald Trump announced a new tariff regime that includes a 14%…
OpenAI Secures $40 Billion Funding to Propel AGI Research and Stargate Initiative
OpenAI has raised $40 billion in a new funding round aimed at accelerating its pursuit of Artificial General Intelligence (AGI).…
Ghana’s Inflation Rate Slows to 22.4% in March 2025
Ghana’s inflation rate showed signs of moderation in March 2025, easing to 22.4% from 23.1% in February. This marks a…
IMF Begins Fourth Review Mission in Ghana Amid Economic Reforms
The International Monetary Fund (IMF) has launched its fourth review mission in Ghana under the country’s Extended Credit Facility (ECF)…
Bearish Start to Q2 as Nigerian Stock Market Loses N90bn
The Nigerian stock market began the second quarter of 2025 on a negative note, with the All-Share Index falling by…
CBN refutes new N5,000, N10,000 banknotes report
The Central Bank of Nigeria (CBN) has dismissed a report circulating online that it had introduced new N5,000 and N10,000…
Nigeria’s Net Foreign Exchange Reserves Soar to $23.1 Billion, Highest in Three Years
Nigeria’s Net Foreign Exchange Reserve (NFER) has reached a significant milestone, surging to $23.1 billion, the highest level in over…
Wall Street Faces Downward Pressure as Tariff Concerns Weigh on Markets
On April 2, 2025, U.S. stock markets experienced a significant downturn, with Wall Street’s main indexes all declining amid growing…
Naira Strengthens Against Dollar as Nigeria’s Currency Reserves Hit Three-Year High
The Nigerian naira gained significantly against the US dollar, marking its highest appreciation in two weeks, following a boost in…