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…
Monthly Archives
April 2025
Nigerians Seek Alternative Migration Routes Amid Dollar Squeeze and Stricter Visa…
As Nigeria grapples with a worsening foreign exchange crisis, aspiring emigrants are shifting their focus away…
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.…
PMI Global Summit Series Africa Returns to Rwanda in 2025 with Focus on Innovation…
The PMI Global Summit Series Africa 2025 is set to take place in Kigali, Rwanda, from August 19 to 21, marking a…
Treasury Yields Rise as Investors Brace for Trump’s Tariff Rollout and…
U.S. Treasury yields experienced a slight increase on Wednesday as investors eagerly awaited economic data and the…
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…
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…
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,…
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…
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…
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…
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…
Naira-for-Crude Deal Faces Uncertainty as Dangote Refinery Imports Record…
The Federal Government's naira-for-crude policy, aimed at stabilizing fuel prices and the foreign exchange market,…
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…
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…
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…
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…
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…
CBN Restructures Pre-shipment Inspection Agent Allocations to Improve Efficiency…
The Central Bank of Nigeria (CBN) has launched a comprehensive restructuring of the allocation of terminals to…
Nigerian Stock Market Gains N3.49 Trillion in Q1 2025 Amid Sectoral Performance…
The Nigerian Exchange (NGX) experienced a significant growth in market capitalization, gaining N3.49 trillion in…
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…
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…
Treasury Yields Drop Ahead of Trump’s Tariff Policy Rollout Amid Economic…
On Tuesday, U.S. Treasury yields decreased as investors braced for the rollout of President Donald Trump's tariff…
OpenAI Expands Image Generator Access to All Free ChatGPT Users Amid High Demand…
OpenAI has made its advanced image-generation tool available to all ChatGPT users, including those on the free…
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…
Telecom Infrastructure Under Siege: Vandalism and Theft Disrupting Nigeria’s…
Telecommunication infrastructure in Nigeria is facing persistent attacks, including fibre cuts, vandalism, and…
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…
Investment and Securities Act Passage Receives Widespread Praise, Set to Boost…
The recent passage of the Investment and Securities Act (ISA) has garnered significant approval from key…
Global Markets Stabilize Ahead of Trump’s Tariff Announcement, Gold Hits…
Asian equities saw a modest rebound on April 1, following Wall Street’s gains the previous day, while gold surged…