Local Technology IpNX and NCC Strengthen Collaboration to Drive Nigeria’s Broadband Growth April 4, 2025 Ekemini IpNX, a leading Nigerian ICT company and connectivity provider, is deepening its collaboration with the Nigeria Communications Commission (NCC) to align policies and drive the Federal Government’s broadband penetration and…
International Macroeconomic Experts Urge Export Diversification Amid U.S. Tariff Threats April 4, 2025 Ekemini As the United States imposes new tariffs on global trade, experts are urging African nations, including Ghana, to accelerate efforts to diversify exports within the African Continental Free Trade Area…
International investment Global Selloff Accelerates as Japanese Banks Struggle Amid Tariff Concerns April 4, 2025 Ekemini Investors are reacting to a global selloff triggered by U.S. President Donald Trump’s tariff policies, which have significantly impacted Japanese banks. The banking sector in Japan faced a sharp decline…
Business International investment Macroeconomic Macron Calls for Suspension of US Investments Amid Tariff Dispute April 4, 2025 Ekemini French President Emmanuel Macron has called for European companies to suspend planned investments in the United States following the announcement of sweeping tariffs by U.S. President Donald Trump. Macron made…
International Macroeconomic Limited Impact of US Trade War on Nigeria’s Economy, Says Economist Dr. Muda Yusuf April 4, 2025 Ekemini Dr. Muda Yusuf, a prominent economist, has suggested that the ongoing trade war between the United States and other countries, initiated by President Donald Trump, is unlikely to significantly affect…
Business Local Nigerian Breweries Reports N1.07 Trillion Revenue Amid Economic Challenges April 4, 2025 Ekemini In 2024, Nigerian Breweries achieved a significant revenue of N1.07 trillion, nearly doubling its 2023 performance of N599.5 billion. However, despite this growth, the company faced a substantial increase in…
Finance Local Technology Nigeria Officially Recognizes Cryptocurrency as Securities in ISA 2025 April 4, 2025 Ekemini Nigeria has officially recognized cryptocurrency and digital assets as securities for the first time with the enactment of the Investment and Securities Act (ISA) 2025. Signed by President Bola Tinubu,…
Local Macroeconomic Naira Depreciates Amid Trump’s New Trade Tariffs and Global Market Instability April 4, 2025 Ekemini The Nigerian naira experienced a significant decline against the US dollar on Thursday, following US President Donald Trump’s announcement of a new 10% global trade tariff. The naira lost 1.3%…
Business Local Technology Telcos Invest in Network Upgrades Amid Tariff Hikes to Satisfy Nigerian Customers April 4, 2025 Ekemini Telecom operators in Nigeria are embarking on major network infrastructure upgrades to address growing frustrations among customers due to poor connectivity. Sources reveal that companies such as Glo, Airtel, and…
Business International Macroeconomic U.S. Ambassador Reassures Ghana Amid Trade Policy Shifts April 3, 2025 Ekemini The United States Ambassador to Ghana, Virginia Evelyn Palmer, sought to calm concerns regarding the future of U.S.-Ghana trade relations amid significant shifts in American trade policy. Her comments come…
Business International Technology US Tech and Retail Stocks Plunge as Trump’s Tariffs Trigger Global Market Panic April 3, 2025 Ekemini A sharp market sell-off was triggered after President Donald Trump announced sweeping new tariffs, which sent megacap U.S. tech and retail stocks into a downward spiral. Apple, Walmart, and Nike…
International investment Trump’s Trade Policies Spark Record Outflows from Asian Equities in Q1 April 3, 2025 Ekemini In the first quarter of 2024, foreign investors pulled the largest amount of capital from Asian equities in 15 years, totaling $43.73 billion. This unprecedented outflow was triggered by fears…
investment Macroeconomic Investors Seek Safe Havens Amid Growing Tariff Uncertainty April 3, 2025 Ekemini As tariffs continue to shape the global trade landscape, investors are searching for strategies to mitigate the economic impact. With the S&P 500 down by 7.7% since its peak in…
International Macroeconomic China threatens countermeasures as Trump’s tariffs escalate trade tensions April 3, 2025 Ekemini The trade dispute between the United States and China has intensified following President Donald Trump’s latest announcement of new tariffs on Chinese goods. These tariffs, which are set to increase…
investment Local Stakeholders Praise ISA 2025 as a Milestone for Nigerian Capital Market Growth April 3, 2025 Ekemini Key stakeholders in Nigeria’s capital market have expressed strong support for the recently signed Investments and Securities Act 2025 (ISA 2025), believing it will significantly enhance market integrity and provide…
International Macroeconomic Bitcoin Dips to $82,000 Amid Trade Tensions Following Trump’s Tariff Announcement April 3, 2025 Ekemini Bitcoin (BTC) experienced a notable decline on Thursday, dropping to around $82,000, a 4% loss, amid heightened global trade tensions following U.S. President Donald Trump’s announcement of extensive tariffs on…
Business Local Softening Inflation Fuels Private Sector Growth to 54.3 in March 2024 April 3, 2025 Ekemini Private sector growth in Nigeria saw a significant uptick in March 2024, with the Stanbic IBTC Bank Purchasing Managers’ Index (PMI) reaching 54.3 points, up from 53.7 in February. This…
Business investment Local Obasanjo’s $700 Million Investment in Cameroon Sparks Concerns Over Nigeria’s Business Climate April 3, 2025 Ekemini Former Nigerian President Olusegun Obasanjo, through his firm Agro-Allied Business Ltd (OABL), is set to invest $700 million in Cameroon’s strategic sectors, including agriculture, maritime logistics, hospitality, and energy. The…
International Macroeconomic EU Prepares Countermeasures Against New U.S. Tariffs, Warns of Global Economic Impact April 3, 2025 Ekemini European Commission President Ursula von der Leyen has strongly criticized U.S. President Donald Trump’s recent universal tariffs, describing them as a major blow to the global economy. She stated that…
Business International Macroeconomic Nigeria and Japan Launch Youth-Centric Venture Fund to Boost Innovation April 3, 2025 Ekemini In a move to support youth entrepreneurship, Nigeria and Japan have launched a venture capital fund aimed at stimulating high-growth startups. The initiative focuses on investing in naira, ensuring long-term…
Business Local MRS Oil Nigeria Forecasts N2.93bn Q2 Profit Amid Delisting Plans from NGX April 3, 2025 Ekemini MRS Oil Nigeria Plc has projected a profit after tax of N2.93 billion for Q2 2025, according to its financial forecast filed with the Nigerian Exchange Limited (NGX). The forecast…
International Macroeconomic Trump Imposes 14% Tariff on Nigeria, Reworking Global Trade Dynamics April 3, 2025 Ekemini In a significant shift in U.S. trade policy, President Donald Trump announced a new tariff regime that includes a 14% duty on Nigerian exports to the United States. This decision…
Business International investment Technology OpenAI Secures $40 Billion Funding to Propel AGI Research and Stargate Initiative April 3, 2025 Ekemini OpenAI has raised $40 billion in a new funding round aimed at accelerating its pursuit of Artificial General Intelligence (AGI). The round, which values the company at $300 billion post-money,…
Africa Local Macroeconomic Ghana’s Inflation Rate Slows to 22.4% in March 2025 April 3, 2025 Ekemini Ghana’s inflation rate showed signs of moderation in March 2025, easing to 22.4% from 23.1% in February. This marks a continued downward trend in the country’s inflation, which had been…
Africa Local Macroeconomic IMF Begins Fourth Review Mission in Ghana Amid Economic Reforms April 3, 2025 Ekemini The International Monetary Fund (IMF) has launched its fourth review mission in Ghana under the country’s Extended Credit Facility (ECF) programme for 2023–2026. The two-week mission, which commenced on April…
Finance investment Local Bearish Start to Q2 as Nigerian Stock Market Loses N90bn April 3, 2025 Ekemini The Nigerian stock market began the second quarter of 2025 on a negative note, with the All-Share Index falling by 0.14% to close at 105,515.99 points. This decline resulted in…
Business Macroeconomic CBN refutes new N5,000, N10,000 banknotes report April 3, 2025 Ekemini The Central Bank of Nigeria (CBN) has dismissed a report circulating online that it had introduced new N5,000 and N10,000 banknotes. In a statement shared on its Instagram page on…
Finance Local Macroeconomic Nigeria’s Net Foreign Exchange Reserves Soar to $23.1 Billion, Highest in Three Years April 2, 2025 Ekemini Nigeria’s Net Foreign Exchange Reserve (NFER) has reached a significant milestone, surging to $23.1 billion, the highest level in over three years. This surge represents a sharp recovery from a…
Economy International Wall Street Faces Downward Pressure as Tariff Concerns Weigh on Markets April 2, 2025 Ekemini On April 2, 2025, U.S. stock markets experienced a significant downturn, with Wall Street’s main indexes all declining amid growing concerns over President Donald Trump’s impending tariff announcements. The Dow…
Finance Local Macroeconomic Naira Strengthens Against Dollar as Nigeria’s Currency Reserves Hit Three-Year High April 2, 2025 Ekemini The Nigerian naira gained significantly against the US dollar, marking its highest appreciation in two weeks, following a boost in the country’s foreign-exchange reserves. The local currency strengthened by 0.6%,…
