Finance investment Local SEC Warns of Severe Penalties for Ponzi Scheme Operators in Nigeria April 2, 2025 Ekemini The Securities and Exchange Commission (SEC) has issued a strong warning to promoters and operators of Ponzi schemes in Nigeria, stating that they risk severe penalties, including fines of up…
Finance International Macroeconomic Nigerians Seek Alternative Migration Routes Amid Dollar Squeeze and Stricter Visa Policies April 2, 2025 Ekemini As Nigeria grapples with a worsening foreign exchange crisis, aspiring emigrants are shifting their focus away from traditional destinations like the US, UK, and Canada. Since President Bola Tinubu’s decision…
Business International African Startup Funding Declines 5% in Q1 2025 Amid Drop in Mega Deals April 2, 2025 Ekemini In the first quarter of 2025, venture capital funding into African startups dropped by 5%, reaching $460 million. This marks a continued decline in investment, with figures falling from $486…
Africa Business International PMI Global Summit Series Africa Returns to Rwanda in 2025 with Focus on Innovation and Youth Development April 2, 2025 Ekemini The PMI Global Summit Series Africa 2025 is set to take place in Kigali, Rwanda, from August 19 to 21, marking a significant milestone in the continent’s project management landscape.…
International Macroeconomic Treasury Yields Rise as Investors Brace for Trump’s Tariff Rollout and Economic Data April 2, 2025 Ekemini U.S. Treasury yields experienced a slight increase on Wednesday as investors eagerly awaited economic data and the rollout of President Donald Trump’s new tariffs. By 5:02 a.m. ET, the 10-year…
Local Technology Telecom Operators Turn to Edge Computing to Accelerate AI Adoption in Nigeria April 2, 2025 Ekemini Telecom operators worldwide are embracing edge computing to manage the surge in AI-driven data traffic, and Nigeria is no exception. A recent GSMA Intelligence report highlighted the urgency of this…
Business International Trump Tariffs Set to Strike Italian Companies Hard, Warns Business Lobby April 2, 2025 Ekemini The head of Confindustria, Italy’s leading business lobby, Emanuele Orsini, warned that U.S. President Donald Trump’s new tariffs could have a devastating impact on Italian businesses. Speaking in an interview,…
International Macroeconomic Market Investors Turn Bearish on U.S. Dollar Amid Trump Tariff Concerns April 2, 2025 Ekemini As U.S. President Donald Trump prepares to roll out new tariffs, investors are shifting away from the U.S. dollar, showing increasing bearish sentiment toward the greenback. Experts, including Joseph Brusuelas,…
Business Local Technology Equinix Expands Data Center in Lagos to Boost Nigeria’s Digital Economy April 2, 2025 Ekemini Equinix, formerly known as MainOne, has unveiled the expansion of its Lagos data center, LG2.3, to meet the rising demand for digital services in Nigeria. The expansion is part of…
Africa Business Local Macroeconomic Bank of Ghana Urges Continued Efforts to Tackle Inflation Amid Economic Growth April 2, 2025 Ekemini The Governor of the Bank of Ghana, Dr. Johnson Asiama, has stressed that while some progress has been made in controlling inflation, further efforts are required to bring it down…
Business investment Local Nigeria’s Foreign Exchange Reserves Surge to $23.11bn in 2024 April 2, 2025 Ekemini Nigeria’s foreign exchange reserves have surged to $23.11 billion at the close of 2024, marking the highest level in over three years. The Central Bank of Nigeria (CBN) reported this…
Business Local Macroeconomic Business Confidence Hits 14-Month High as Inflation Eases in Nigeria April 2, 2025 Ekemini Business confidence in Nigeria reached its highest point in 14 months in March, as businesses experienced rising demand for their goods and services. According to Stanbic IBTC’s latest Purchasing Managers’…
Business Economy Local Tinubu Sacks Kyari, Akinyelure, Appoints Bayo Ojulari As New GCEO Of NNPCL April 2, 2025 Ekemini In a significant shake-up, President Bola Tinubu has approved the reconstitution of the Nigerian National Petroleum Company (NNPC) Limited’s board. The move saw the dismissal of Chief Pius Akinyelure, the…
Local Macroeconomic Naira-for-Crude Deal Faces Uncertainty as Dangote Refinery Imports Record Quantities of Oil April 1, 2025 Ekemini The Federal Government’s naira-for-crude policy, aimed at stabilizing fuel prices and the foreign exchange market, may continue despite uncertainty over its renewal. Sources close to the deal confirmed that all…
Business Local Nigeria’s New Capital Market Laws Recognize Cryptocurrencies as Securities April 1, 2025 Ekemini Nigeria has officially recognized cryptocurrencies and other virtual assets as securities under its new capital market laws, marking a significant shift in its regulatory landscape. The Investments and Securities Act…
Finance International Technology China Urges Banks to Boost Credit Support for Technology Firms April 1, 2025 Ekemini China’s National Financial Regulatory Administration has called on banks to increase their issuance of credit loans and medium- and long-term loans to technology enterprises. The move aims to support the…
Business International Technology Luxshare Considers Hong Kong Listing to Raise up to $3 Billion April 1, 2025 Ekemini China’s Luxshare Precision Industry, a major supplier for Apple, is reportedly exploring a potential listing in Hong Kong this year. The Shenzhen-listed company, known for producing Apple AirPods, is in…
International Macroeconomic Global Stocks Struggle as Tariff Fears and Economic Slowdown Weigh on Markets April 1, 2025 Ekemini Global stocks took a hit as traders reacted to increasing concerns over President Donald Trump’s impending tariff announcement, which has escalated fears of a broader trade war. The global selloff…
Africa Local Macroeconomic BoG Unveils New Measures to Strengthen Liquidity Management- Ghana April 1, 2025 Ekemini The Bank of Ghana (BoG) has introduced additional measures aimed at tightening liquidity management within the economy. This move is part of the central bank’s broader strategy to ensure macroeconomic…
Local Macroeconomic CBN Restructures Pre-shipment Inspection Agent Allocations to Improve Efficiency in Oil and Gas Sector April 1, 2025 Ekemini The Central Bank of Nigeria (CBN) has launched a comprehensive restructuring of the allocation of terminals to Pre-Shipment Inspection Agents (PIAs) and their monitoring by designated Monitoring and Evaluation Agents…
investment Local Nigerian Stock Market Gains N3.49 Trillion in Q1 2025 Amid Sectoral Performance Variations April 1, 2025 Ekemini The Nigerian Exchange (NGX) experienced a significant growth in market capitalization, gaining N3.49 trillion in the first quarter of 2025. The market value of all listed companies on the Exchange…
Finance Local Macroeconomic Nigeria’s Forex Inflows Reach $17bn Amid Economic Growth in Q4 2024 April 1, 2025 Ekemini Nigeria’s net foreign exchange (forex) inflows reached $17.39 billion in Q4 2024, marking a significant increase driven by strong autonomous inflows. These inflows were mainly propelled by foreign investments, remittances,…
International Macroeconomic Euro Zone Inflation Drops to 2.2% in March Amid U.S. Tariffs Concerns April 1, 2025 Ekemini Euro zone inflation eased to 2.2% in March, slightly below the 2.3% recorded in February, according to flash data from Eurostat. This dip in annual inflation marks a moderate decline,…
Finance International Macroeconomic Treasury Yields Drop Ahead of Trump’s Tariff Policy Rollout Amid Economic Uncertainty April 1, 2025 Ekemini On Tuesday, U.S. Treasury yields decreased as investors braced for the rollout of President Donald Trump’s tariff policy. The 10-year Treasury yield fell by 5 basis points to 4.194%, while…
International Technology OpenAI Expands Image Generator Access to All Free ChatGPT Users Amid High Demand and Funding Boost April 1, 2025 Ekemini OpenAI has made its advanced image-generation tool available to all ChatGPT users, including those on the free tier, expanding its reach beyond the previous paywall. CEO Sam Altman announced the…
International Technology OpenAI Secures $40 Billion in Record Funding, Valuation Soars to $300 Billion April 1, 2025 Ekemini OpenAI has successfully completed the largest private tech funding round in history, securing an impressive $40 billion, pushing its valuation to a staggering $300 billion. This positions the company among…
Local Technology Telecom Infrastructure Under Siege: Vandalism and Theft Disrupting Nigeria’s Network Services April 1, 2025 Ekemini Telecommunication infrastructure in Nigeria is facing persistent attacks, including fibre cuts, vandalism, and theft, disrupting the network stability for millions of subscribers. Despite being classified as Critical National Information Infrastructure…
International Macroeconomic China, Japan, and South Korea Strengthen Trade Ties Amid U.S. Tariff Threats April 1, 2025 Ekemini China, Japan, and South Korea have pledged to enhance regional trade cooperation as they prepare for the impact of U.S. tariffs, which are set to take effect on April 2.…
Finance investment Local Investment and Securities Act Passage Receives Widespread Praise, Set to Boost Nigeria’s Financial Market April 1, 2025 Ekemini The recent passage of the Investment and Securities Act (ISA) has garnered significant approval from key stakeholders in Nigeria’s financial sector. Market experts and industry leaders believe the new legislation…
Finance International Macroeconomic Global Markets Stabilize Ahead of Trump’s Tariff Announcement, Gold Hits Record High April 1, 2025 Ekemini Asian equities saw a modest rebound on April 1, following Wall Street’s gains the previous day, while gold surged to a record high. Investors were awaiting details of U.S. President…
