SEC Warns of Severe Penalties for Ponzi Scheme Operators in Nigeria
The Securities and Exchange Commission (SEC) has issued a strong warning to promoters and operators of Ponzi schemes in Nigeria,…
Month: April 2025
Nigerians Seek Alternative Migration Routes Amid Dollar Squeeze and Stricter Visa Policies
As Nigeria grapples with a worsening foreign exchange crisis, aspiring emigrants are shifting their focus away from traditional destinations like…
African Startup Funding Declines 5% in Q1 2025 Amid Drop in Mega Deals
In the first quarter of 2025, venture capital funding into African startups dropped by 5%, reaching $460 million. This marks…
PMI Global Summit Series Africa Returns to Rwanda in 2025 with Focus on Innovation and Youth Development
The PMI Global Summit Series Africa 2025 is set to take place in Kigali, Rwanda, from August 19 to 21,…
Treasury Yields Rise as Investors Brace for Trump’s Tariff Rollout and Economic Data
U.S. Treasury yields experienced a slight increase on Wednesday as investors eagerly awaited economic data and the rollout of President…
Telecom Operators Turn to Edge Computing to Accelerate AI Adoption in Nigeria
Telecom operators worldwide are embracing edge computing to manage the surge in AI-driven data traffic, and Nigeria is no exception.…
Trump Tariffs Set to Strike Italian Companies Hard, Warns Business Lobby
The head of Confindustria, Italy’s leading business lobby, Emanuele Orsini, warned that U.S. President Donald Trump’s new tariffs could have…
Investors Turn Bearish on U.S. Dollar Amid Trump Tariff Concerns
As U.S. President Donald Trump prepares to roll out new tariffs, investors are shifting away from the U.S. dollar, showing…
Equinix Expands Data Center in Lagos to Boost Nigeria’s Digital Economy
Equinix, formerly known as MainOne, has unveiled the expansion of its Lagos data center, LG2.3, to meet the rising demand…
Bank of Ghana Urges Continued Efforts to Tackle Inflation Amid Economic Growth
The Governor of the Bank of Ghana, Dr. Johnson Asiama, has stressed that while some progress has been made in…
Nigeria’s Foreign Exchange Reserves Surge to $23.11bn in 2024
Nigeria’s foreign exchange reserves have surged to $23.11 billion at the close of 2024, marking the highest level in over…
Business Confidence Hits 14-Month High as Inflation Eases in Nigeria
Business confidence in Nigeria reached its highest point in 14 months in March, as businesses experienced rising demand for their…
Tinubu Sacks Kyari, Akinyelure, Appoints Bayo Ojulari As New GCEO Of NNPCL
In a significant shake-up, President Bola Tinubu has approved the reconstitution of the Nigerian National Petroleum Company (NNPC) Limited’s board.…
Naira-for-Crude Deal Faces Uncertainty as Dangote Refinery Imports Record Quantities of Oil
The Federal Government’s naira-for-crude policy, aimed at stabilizing fuel prices and the foreign exchange market, may continue despite uncertainty over…
Nigeria’s New Capital Market Laws Recognize Cryptocurrencies as Securities
Nigeria has officially recognized cryptocurrencies and other virtual assets as securities under its new capital market laws, marking a significant…
China Urges Banks to Boost Credit Support for Technology Firms
China’s National Financial Regulatory Administration has called on banks to increase their issuance of credit loans and medium- and long-term…
Luxshare Considers Hong Kong Listing to Raise up to $3 Billion
China’s Luxshare Precision Industry, a major supplier for Apple, is reportedly exploring a potential listing in Hong Kong this year.…
Global Stocks Struggle as Tariff Fears and Economic Slowdown Weigh on Markets
Global stocks took a hit as traders reacted to increasing concerns over President Donald Trump’s impending tariff announcement, which has…
BoG Unveils New Measures to Strengthen Liquidity Management- Ghana
The Bank of Ghana (BoG) has introduced additional measures aimed at tightening liquidity management within the economy. This move is…
CBN Restructures Pre-shipment Inspection Agent Allocations to Improve Efficiency in Oil and Gas Sector
The Central Bank of Nigeria (CBN) has launched a comprehensive restructuring of the allocation of terminals to Pre-Shipment Inspection Agents…
Nigerian Stock Market Gains N3.49 Trillion in Q1 2025 Amid Sectoral Performance Variations
The Nigerian Exchange (NGX) experienced a significant growth in market capitalization, gaining N3.49 trillion in the first quarter of 2025.…
Nigeria’s Forex Inflows Reach $17bn Amid Economic Growth in Q4 2024
Nigeria’s net foreign exchange (forex) inflows reached $17.39 billion in Q4 2024, marking a significant increase driven by strong autonomous…
Euro Zone Inflation Drops to 2.2% in March Amid U.S. Tariffs Concerns
Euro zone inflation eased to 2.2% in March, slightly below the 2.3% recorded in February, according to flash data from…
Treasury Yields Drop Ahead of Trump’s Tariff Policy Rollout Amid Economic Uncertainty
On Tuesday, U.S. Treasury yields decreased as investors braced for the rollout of President Donald Trump’s tariff policy. The 10-year…
OpenAI Expands Image Generator Access to All Free ChatGPT Users Amid High Demand and Funding Boost
OpenAI has made its advanced image-generation tool available to all ChatGPT users, including those on the free tier, expanding its…
OpenAI Secures $40 Billion in Record Funding, Valuation Soars to $300 Billion
OpenAI has successfully completed the largest private tech funding round in history, securing an impressive $40 billion, pushing its valuation…
Telecom Infrastructure Under Siege: Vandalism and Theft Disrupting Nigeria’s Network Services
Telecommunication infrastructure in Nigeria is facing persistent attacks, including fibre cuts, vandalism, and theft, disrupting the network stability for millions…
China, Japan, and South Korea Strengthen Trade Ties Amid U.S. Tariff Threats
China, Japan, and South Korea have pledged to enhance regional trade cooperation as they prepare for the impact of U.S.…
Investment and Securities Act Passage Receives Widespread Praise, Set to Boost Nigeria’s Financial Market
The recent passage of the Investment and Securities Act (ISA) has garnered significant approval from key stakeholders in Nigeria’s financial…
Global Markets Stabilize Ahead of Trump’s Tariff Announcement, Gold Hits Record High
Asian equities saw a modest rebound on April 1, following Wall Street’s gains the previous day, while gold surged to…