Business International Macroeconomic Stocks Steady, Dollar Firms as U.S. Eases Auto Tariffs Amid Market Jitters April 29, 2025 Ekemini Markets opened Tuesday on a cautious yet slightly positive note after the U.S. announced a softening of auto tariffs, easing concerns among global automakers. The move, seen as a response…
Business Local Macroeconomic Naira Stays Firm Below ₦2,200/£ as Global Pound Strength Faces Local Resistance April 29, 2025 Ekemini The Nigerian naira held firm against the British pound in the unofficial market, closing at around ₦2,177/£ as of April 29, 2025. Despite consistent buying pressure on the pound globally,…
International Technology Google Opens 2025 Software Engineering Apprenticeship Applications in Paris April 29, 2025 Ekemini Google has officially opened applications for its 2025 Software Engineering Apprenticeship program in Paris, targeting aspiring tech professionals eager to launch their careers with one of the world’s leading technology…
Business Local Macroeconomic Fitch Upgrades Credit Ratings of Lagos, Kaduna, Kogi, and Oyo States Amid Nigeria’s Economic Reforms April 29, 2025 Ekemini Global credit rating agency Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDRs) of Lagos, Kaduna, Kogi, and Oyo states from ‘B-’ to ‘B’, reflecting improved macroeconomic stability in…
Local Macroeconomic FG to resume payment of wage award arrears April 29, 2025 Ekemini The Federal Government has announced plans to resume payments for the outstanding five months of N35,000 wage award arrears to its workers. This payment is part of an agreement with…
Finance Local Macroeconomic FIRS Orders Banks to Close Unauthorised Tax Accounts to Boost Tax Collection Transparency April 29, 2025 Ekemini The Federal Inland Revenue Service (FIRS) has issued a directive to all banks in Nigeria, mandating the closure of any tax and levy collection accounts not authorised under its TaxPro…
Business Finance Local Richard Quaye Retires from Bills Micro Credit; Kwadwo Kwarteng Named New Board Chair-Ghana April 29, 2025 Ekemini Business heavyweight Richard Nii Armah Quaye has officially retired from his role as Board Chairman of Bills Micro Credit, drawing the curtain on his leadership at both Bills Micro Credit…
Business Local Technology MTN Ghana Confirms Data Breach Affecting 5,700 Customers, Launches Investigation April 29, 2025 Ekemini MTN Ghana has officially confirmed that approximately 5,700 of its customers may have been affected by a recent data breach involving unauthorized access to personal information. The breach prompted an…
investment Local SEC Pushes for Deeper African Capital Market Integration Through Strategic Cooperation April 29, 2025 Ekemini During a recent official visit to Morocco, the Director General of Nigeria’s Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, made a strong case for increased collaboration among African capital…
Finance Local Macroeconomic CBN Grants Direct Forex Access to PAPSS to Boost Intra-African Trade April 29, 2025 Ekemini The Central Bank of Nigeria (CBN) has implemented new measures aimed at enhancing Nigeria’s role in Africa’s cross-border trade by granting Authorized Dealer Banks direct access to foreign exchange (FX)…
Business Finance Local Bullish Run on NGX: International Breweries, Cadbury Spark N228bn Market Surge April 29, 2025 Ekemini The Nigerian Exchange (NGX) sustained its bullish trend on Monday, led by notable gains in blue-chip stocks such as International Breweries and Cadbury Nigeria. Their strong performances contributed significantly to…
investment Local Macroeconomic Nigeria’s Economic Reforms Gain Global Support, Strengthening Naira and Investor Confidence April 28, 2025 Ekemini At the 2025 Spring Meetings of the International Monetary Fund (IMF) and World Bank Group, Olayemi Cardoso, Governor of Nigeria’s Central Bank (CBN), highlighted the significant progress made in stabilizing…
Business Local Technology Nigeria’s SEC Recognizes Crypto as Securities: What It Means for the Industry April 28, 2025 Ekemini In a landmark move, Nigeria’s Securities and Exchange Commission (SEC) has officially classified cryptocurrencies as securities under the newly updated Investment and Securities Act (ISA) of 2025. This shift gives…
Africa Local Technology Nigeria Ranks 105th Globally in 5G/4G Network Index, 9th in Africa April 28, 2025 Ekemini Nigeria has ranked 105th globally and 9th in Africa on the Opensignal Global Network Excellence Index, which evaluates mobile network performance based on 4G/5G availability, consistent quality, and download speeds.…
Agriculture Business Local Macroeconomic FG Approves Textile Development Board and $90bn Agribusiness, Livestock Growth Plan April 28, 2025 Ekemini The National Economic Council (NEC), chaired by Vice President Kashim Shettima, has approved the establishment of the Cotton, Textile, and Garment Development Board (CTGDB), aiming to regulate Nigeria’s textile sector.…
Business Finance Local Macroeconomic Nigerian Banks See 51% Surge in Customer Deposits to N140.97 Trillion in 2024 Amid Economic Challenges April 28, 2025 Ekemini In 2024, Nigerian banks achieved a remarkable 51% growth in customer deposits, reaching N140.97 trillion, compared to N93.5 trillion in 2023. This surge reflects growing public trust in the formal…
Business International Macroeconomic Global Debt Challenges: Navigating Fiscal Policy Amid Economic Uncertainty April 28, 2025 Ekemini Amid escalating global uncertainty, governments face tough choices in balancing rising public debt with economic growth and urgent spending needs. The recent surge in tariffs and countermeasures has compounded the…
Business International Stock European Markets Gain Momentum; Deliveroo Surges After DoorDash Takeover Proposal April 28, 2025 Ekemini European markets experienced a positive start to the week, with most sectors trading higher on Monday. The Stoxx 600 index rose by 0.44% by mid-morning, supported by gains in the…
Business Finance Local UBA Chairman Elumelu Assures Shareholders of N500 Billion Capital Base by Q3 2025 April 28, 2025 Ekemini At the United Bank for Africa (UBA) Plc’s 63rd Annual General Meeting (AGM) in Abuja, UBA Chairman Tony Elumelu reassured shareholders that the bank would meet the Central Bank of…
Business Local Macroeconomic Panic Over World Bank’s 56% Poverty Surge Forecast in Nigeria: Urgent Calls for Action April 28, 2025 Ekemini A recent warning from the World Bank has sparked widespread concern about a projected 56% increase in poverty rates in Nigeria by 2027. Currently, around 104 million Nigerians, or 47%…
Business Local Macroeconomic Foreign Investors Propel NGX Beyond N1trn Threshold Amid Strong Market Activity April 28, 2025 Ekemini In March 2025, the Nigerian Exchange Limited (NGX) experienced significant growth, crossing the N1 trillion threshold for the first time, with a total market turnover of N1.12 trillion. This surge,…
Local Technology Nigerian Senate Calls for Responsible Innovation in Fintechs, Tightens Regulatory Oversight April 28, 2025 Ekemini Stakeholders in Nigeria’s fintech sector have been urged to innovate responsibly as the Senate looks to strengthen regulatory oversight in the industry. This call for responsible innovation came during a…
Africa Local Macroeconomic Ghana’s Inflation Set to Ease Further in April, Analysts Predict April 28, 2025 Ekemini Inflation in Ghana is expected to continue its downward trend in April 2025, with market analysts projecting a further decrease to 21.8 percent year-on-year. This follows March’s inflation rate of…
Finance Local Macroeconomic Government Exceeds Treasury Bill Target by GHS 550 Million in Latest Auction- Ghana April 28, 2025 Ekemini The Government of Ghana has successfully exceeded its Treasury bill target by GHS 550 million, according to the latest auction results from the Bank of Ghana. The target was set…
Business Local Technology SERAP Urges Zuckerberg and Meta to Pay $220M Fine and Compensate Victims for Privacy Violations in Nigeria April 28, 2025 Ekemini The Socio-Economic Rights and Accountability Project (SERAP) has called for Mark Zuckerberg, the CEO of Meta Platforms, to immediately pay a $220 million fine imposed by the Federal Competition and…
Business Finance Local Macroeconomic CBN Raises N2.93trn from T-Bills and OMO Auctions Amid Strong Investor Demand April 28, 2025 Ekemini In a significant move, the Central Bank of Nigeria (CBN) successfully raised N2.93 trillion through Treasury Bills (T-Bills) and Open Market Operation (OMO) auctions, fueled by strong investor demand. T-Bills,…
International Technology FG Raises Alarm Over Rising Cyber-Slavery Threats in West Africa April 28, 2025 Ekemini The Federal Government of Nigeria has issued a strong warning about the growing threat of cyber-slavery in West Africa, particularly affecting Nigerian citizens. According to the Minister of Foreign Affairs,…
Business Local Macroeconomic Nigeria Poised for Economic Resilience Amid Global Uncertainties, Says Finance Minister Edun April 28, 2025 Ekemini Nigeria’s economic outlook remains positive despite global uncertainties, according to Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Speaking at the 2025 IMF and World Bank…
Finance Local Macroeconomic Nigeria’s Debt Servicing Costs Soar to N8.9tn, Straining Public Finances April 28, 2025 Ekemini Nigeria’s debt servicing costs have skyrocketed to N8.9 trillion in the first nine months of 2024, surpassing the budgeted figure of N6.2 trillion. This dramatic rise is linked to the…
Business International Macroeconomic IMF Boss commends Ato Forson for strong commitment to economic reforms April 28, 2025 Ekemini Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has praised Ghana’s Finance Minister, Dr. Cassiel Ato Forson, for his leadership and the government’s strong commitment to implementing economic…
