Business investment Local NGX gains N966bn in holiday-shortened week April 28, 2025 Ekemini The Nigerian Exchange Limited (NGX) recorded a significant boost in market capitalisation, gaining N966 billion during a four-day trading week shortened by Easter holidays. The All-Share Index climbed by 1.46%…
Business Finance investment Local World Bank names Dangote member private sector investment Lab April 24, 2025 Ekemini The World Bank Group has announced a new phase for its Private Sector Investment Lab (PSIL), aimed at scaling solutions for job creation in developing economies. As part of this…
Business International Over 70% of Nigerian Shipments to the U.S. Rejected Due to Trump’s Tariff Policy April 24, 2025 Ekemini Since the implementation of Donald Trump’s new tariff policy on April 2, 2025, over 70% of shipments from Nigeria to the United States have either been rejected or placed on…
Energy Local Macroeconomic Nigeria’s Carbon Market Policy Set to Unlock $2.5 Billion by 2030, Drive Green Investment Surge April 24, 2025 Ekemini President Bola Ahmed Tinubu has unveiled Nigeria’s newly finalised Carbon Market Activation Policy, projected to attract up to $2.5 billion in carbon credit investments by 2030. Announced during a high-level…
Business Local Macroeconomic Nigeria Records $15.2 Billion Net Forex Inflow in Q1 2025 Amid Deepening Market Reforms April 24, 2025 Ekemini Nigeria’s foreign exchange (FX) market posted a net inflow of $15.2 billion in Q1 2025, signaling a sharp boost in liquidity and investor confidence following sustained reforms by the Central…
Business International Technology FBI Reports $5.8 Billion in Crypto Investment Scam Losses in 2024, Elderly Most Affected April 24, 2025 Ekemini The FBI’s latest Internet Crime Complaint Center (IC3) report paints a dire picture of the growing threat of cryptocurrency-related scams. In 2024, investment scams alone racked up $5.8 billion in…
Business Local Technology Zap Africa and Paystack: Trademark Dispute Sparks Debate on IP Awareness in Nigeria’s Fintech Scene April 24, 2025 Ekemini A brewing trademark dispute between crypto startup Zap Africa and fintech heavyweight Paystack is raising eyebrows and prompting questions about Nigeria’s intellectual property (IP) landscape. At the heart of the…
Business Finance Local Technology Nigerian Banks Redefine Profitability Through Digital Innovation and Non-Interest Income April 24, 2025 Ekemini In the face of Nigeria’s turbulent economic climate marked by inflation, currency devaluation, and regulatory shifts, leading banks are successfully pivoting away from interest-dependent revenue models to embrace digital innovation…
International Macroeconomic Jimoh Ibrahim Urges IMF to Anchor African Economic Projections on Empirical Data April 24, 2025 Ekemini At the IMF/World Bank Spring Meetings in Washington DC, Nigerian Senator and business leader Jimoh Ibrahim emphasized the urgent need for data-driven policymaking across Africa. Representing Ondo South Senatorial District,…
Business Local Technology MTN Tops Inward Porting Chart as 9mobile Bleeds Subscribers — NCC Report April 24, 2025 akintunde The latest data from the Nigerian Communications Commission (NCC) shows a clear trend in Nigeria’s telecom space, MTN is winning big on customer migration, while 9mobile is struggling to keep…
Business International Technology Google Launches 2025 Startups Accelerator for AI Innovations in Africa April 24, 2025 Ekemini Google has announced the opening of applications for its 2025 Google for Startups Accelerator Africa program. This three-month initiative is aimed at supporting early-stage startups that are leveraging artificial intelligence…
Business investment Local Macroeconomic Cardoso’s Global Diplomacy to Strengthen Nigeria’s Economy and Investor Confidence April 24, 2025 Ekemini In April 2025, during the International Monetary Fund (IMF) and World Bank’s Spring Meetings in Washington, DC, Central Bank of Nigeria (CBN) Governor, Dr. Olayemi Cardoso, showcased Nigeria’s bold economic…
Finance Local Macroeconomic Nigerians Save N75.65 Trillion in Quasi-Money Amid Economic Uncertainty, CBN Reports April 24, 2025 Ekemini Amid ongoing economic challenges, Nigerians have increasingly turned to savings and low-risk financial instruments, as evidenced by the Central Bank of Nigeria’s (CBN) latest data. The report, which covers March…
Business Finance Local Bank of Ghana Urges Enhanced Security Measures Amid Rising Fraud Cases April 24, 2025 Ekemini The Bank of Ghana has called for a heightened focus on fraud prevention within the country’s banking sector, urging institutions to adopt stronger security protocols. The central bank’s directives include…
International Macroeconomic World Bank Partners with Ghana to Create 500,000 Jobs for Youth Annually April 24, 2025 Ekemini The World Bank has announced its commitment to helping Ghana address its youth unemployment crisis through a new Growth and Jobs Strategy. The initiative is designed to create over 500,000…
investment Local Nigerian Stock Market Soars by N342bn, Driven by Banking and Consumer Goods Stocks April 24, 2025 Ekemini Nigeria’s stock market experienced a notable rally on Wednesday, April 23, 2025, increasing by 0.53 percent, or N342 billion, as investors showed strong interest in banking and consumer goods stocks.…
investment Local Foreign Block Trades Drive Nigeria’s Stock Market to N2.23tn in Q1 2025 April 24, 2025 Ekemini In the first quarter of 2025, Nigeria’s stock market recorded impressive growth, with total transactions hitting N2.23 trillion. This surge was largely attributed to a spike in foreign transactions, which…
Local Technology NITDA Collaborates with Tech Stakeholders to Launch National Start-up Council April 24, 2025 Ekemini In a bid to foster a more robust entrepreneurial ecosystem, the National Information Technology Development Agency (NITDA) has announced a partnership with key players in Nigeria’s tech sector to establish…
Finance Local Macroeconomic IMF Urges Nigeria to Strengthen Subsidy Reforms and Fiscal Discipline Amid Rising Debt Concerns April 24, 2025 Ekemini The International Monetary Fund (IMF) has stressed the importance of fiscal discipline in Nigeria, particularly in the wake of the country’s ongoing energy subsidy reforms. At a recent briefing in…
Finance investment Local Nigeria Targets 7% Growth with Reforms, Aims to Attract Investments Amid Economic Challenges April 24, 2025 Ekemini Nigeria is setting ambitious economic goals, targeting a 7% annual growth rate to lift millions of citizens out of poverty, according to Wale Edun, the country’s Finance Minister and Coordinating…
Business Local Macroeconomic IMF Warns Nigeria of Fiscal Strain as Global Tensions Threaten Oil Revenue April 24, 2025 Ekemini Nigeria is facing mounting fiscal pressure as the International Monetary Fund (IMF) warns that intensifying global trade tensions and tighter financial conditions could significantly reduce the country’s earnings from oil…
Business Local Naira muted in unofficial market, Dollar turns green in global market April 23, 2025 Ekemini The Nigerian naira stayed relatively flat in the unofficial market, trading between N1,600 and N1,605 to the dollar, even as the greenback began to rebound globally. While the dollar index…
Business Finance Local Macroeconomic Nigerians Boost Savings as Quasi-Money Climbs 3.65% in March 2025 Amid Economic Uncertainty April 23, 2025 Ekemini Nigerians are leaning into savings as the economy faces continued uncertainty, with quasi-money—highly liquid financial assets like savings and fixed deposits—rising 3.65% month-on-month to N75.65 trillion in March 2025. This…
Business International Technology EU Slaps €700 Million Fine on Apple and Meta for Breaching Digital Competition Laws April 23, 2025 Ekemini In a significant move on April 23, 2025, the European Union fined Apple and Meta a total of €700 million for violating digital competition regulations under the Digital Markets Act…
Business Energy Local IOCs Undermine Nigerian Refineries by Dodging Local Crude Supply Mandates April 23, 2025 Ekemini Despite legal obligations under Nigeria’s Petroleum Industry Act (PIA), international oil companies (IOCs) continue to bypass direct supply of crude oil to local refineries, opting instead to sell to foreign…
Business International Technology OpenAI Eyes Chrome Acquisition Amid Google Antitrust Trial, Cites AI Competition Stakes April 23, 2025 Ekemini OpenAI has expressed interest in potentially acquiring Google’s Chrome browser if regulators force its sale, according to testimony from ChatGPT product chief Nick Turley. The remark came during Turley’s appearance…
Business International Technology Flutterwave and Yellow Card Join Circle’s Global Payments Network to Boost Cross-Border Transactions with Stablecoins April 23, 2025 Ekemini Flutterwave and Yellow Card have officially joined the Circle Payments Network (CPN), a major step in transforming how cross-border payments are made in and out of Africa. With their inclusion,…
insurance Local Technology Nigerian Insurance Sector Experiences 61% Growth in 2024, with Focus on Claims Innovation and Expansion April 23, 2025 Ekemini The Nigerian insurance industry has witnessed an impressive 61% growth as of the third quarter of 2024, as reported by the Nigerian Insurance Association (NIA). Kunle Ahmed, the NIA Chairman,…
International Macroeconomic IMF Warns of Growing Global Financial Stability Risks Amid Tightening Conditions and Uncertainty April 23, 2025 Ekemini The International Monetary Fund (IMF) has issued a warning about rising global financial stability risks, driven by tighter financial conditions, ongoing geopolitical tensions, and global trade uncertainties. In its latest…
Business Finance International U.S. Regulatory Scrutiny Sparks Fears of Chinese Stock Delisting April 23, 2025 Ekemini Concerns over the potential delisting of Chinese stocks from U.S. exchanges have been reignited, particularly following comments from U.S. Treasury Secretary Scott Bessent. His April 9 statement, which hinted that…
