Business Energy Local CBEX: Oil & gas investors hit hard as fraud surpasses N2trn April 22, 2025 Ekemini The abrupt collapse of Crypto Bridge Exchange (CBEX), a digital investment platform exposed as a Ponzi scheme, has left thousands of Nigerians in financial ruin—especially investors in the oil and…
Business International Macroeconomic IMF Urges Ghana and Affected Nations to Accelerate Reforms Amid Trade Tariff Pressures April 22, 2025 Ekemini The International Monetary Fund (IMF) is calling on Ghana and other countries impacted by the United States’ recent 10% trade tariffs to take swift economic action. During the 2025 Spring…
Business International IMF Warns of Global Economic Strain as U.S. Tariffs Fuel Trade Tensions April 22, 2025 Ekemini The International Monetary Fund (IMF) has raised alarms over mounting global trade tensions, cautioning that rising tariffs—particularly from the United States—are creating significant economic uncertainty. The warning follows the U.S.…
Finance investment Local CBEX promoters won’t escape justice – SEC April 18, 2025 Ekemini The Securities and Exchange Commission (SEC) has taken a firm stance against the promoters of Crypto Bridge Exchange (CBEX), a digital asset platform accused of defrauding Nigerian investors of over…
Business International Hermes To Hike US Prices To Offset Tariff Impact April 17, 2025 Ekemini French luxury brand Hermès announced plans to increase its U.S. prices starting May 1 to counter the impact of a 10% import tariff imposed by President Donald Trump. The company’s…
Agriculture Business Local FG Targets Cooperative Sector Revamp to Drive $1 Trillion Economy April 17, 2025 Ekemini The Federal Government of Nigeria has launched a comprehensive initiative aimed at revitalizing the country’s cooperative sector, positioning it as a critical driver for the nation’s economic growth toward a…
Business investment Local Nigeria Lands $1.3B Mining Investment, Eyes $25B GDP Surge & $8B FX Boost — Alake April 17, 2025 Ekemini Nigeria just bagged a massive mining investment deal worth $1.3 billion, and it’s being called the biggest private sector-led mining project in the country’s history. Announced by Minister of Solid…
Business Local Macroeconomic Ghana’s Producer Price Inflation Dips to 24.4% in March Amid Sectoral Shifts and Tariff Concerns April 17, 2025 Ekemini Ghana’s Producer Price Inflation (PPI) saw a notable decline in March 2025, falling to 24.4% from 27.6% the previous month, according to new data from the Ghana Statistical Service (GSS).…
Agriculture Local Macroeconomic Ghana Rolls Out $1M Fund to Empower Northern Farmers and Boost Food Security April 17, 2025 akintunde In a bold move to strengthen agriculture and combat food insecurity in the northern parts of the country, Ghana’s Minister for Food and Agriculture, Eric Opoku, has launched a US$1…
Local Macroeconomic Stakeholders Push for Stronger Monitoring to Accelerate Ghana’s Industrial Growth April 17, 2025 Ekemini In a timely call to action, stakeholders are emphasizing the urgent need for stronger monitoring and evaluation (M&E) frameworks to support Ghana’s industrial growth—especially as donor support continues to decline.…
Crypto International Macroeconomic Crypto Market Sheds $633.5 Billion in Q1 2025 Amid Recession Jitters and Investor Caution April 17, 2025 Ekemini The crypto market took a serious hit in the first quarter of 2025, losing over $633 billion in market value—a drop of 18.6%, according to CoinGecko. This decline has been…
International Macroeconomic Trump’s 90-Day Tariff Pause and Its Global Trade Impact April 17, 2025 Ekemini In a sudden shift, former U.S. President Donald Trump announced a 90-day pause on tariffs, which had previously caused significant turmoil in global markets. His decision to impose tariffs initially…
Finance International Stocks Struggle as Fed’s Powell Issues Caution, Euro Dips Ahead of ECB Meeting April 17, 2025 Ekemini European markets faced a decline on Thursday as uncertainty surrounding the global economy persisted. The STOXX 600 index fell 0.4%, though it was still on track to finish the week…
Local Macroeconomic Nigeria’s March 2025 Inflation: Rising Pressures and Unexplained Data Anomalies April 17, 2025 Ekemini In March 2025, Nigeria’s inflation rate rose to 24.23% from 23.18% in February, marking the first increase since the rebasing of the Consumer Price Index (CPI) in January. Food prices…
investment Local Petroleum Experts Urge Fiscal Incentives to Boost Gas and Oil Investment in Nigeria’s Frontier Basins April 17, 2025 Ekemini Ahead of its 50th anniversary, the Nigerian Association of Petroleum Explorationists (NAPE) has called on the federal government to implement more fiscal and regulatory policies to attract investments for oil…
International Technology Google Blocks 5.1 Billion Harmful Ads, Calls for Global Collaboration Against Online Threats April 17, 2025 Ekemini In its 2024 Ads Safety Report, Google revealed its significant efforts to combat online threats, blocking 5.1 billion harmful ads and restricting another 9.1 billion globally. The company emphasized the…
Business International Technology Nvidia Defends AI Chip Sales After Suspension of H20 Exports to China, Faces Congressional Investigation April 17, 2025 Ekemini Nvidia has stated that it follows U.S. government export laws “to the letter” after announcing a $5.5 billion loss due to canceled H20 chip orders. This came after the U.S.…
investment Local Macroeconomic EU Eyes Nigeria’s Solid Minerals for Trade and Investment Expansion April 17, 2025 Ekemini The European Union (EU) has shown significant interest in expanding trade and investment in Nigeria’s solid minerals sector, which is viewed as a key opportunity for economic diversification. During a…
Business Local Technology Nigeria and South Africa Sign Mining MoU to Drive Industrialization and Job Creation April 17, 2025 Ekemini Nigeria and South Africa have entered into a Memorandum of Understanding (MoU) to strengthen their mining sectors, aiming to accelerate industrialization and job creation in both nations. The agreement, signed…
Business International Macroeconomic ECOWAS Bank Appoints Ghana’s Finance Minister Cassiel Forson as New Chairman April 17, 2025 Ekemini The ECOWAS Bank for Investment and Development (EBID) has appointed Dr. Cassiel Ato Forson, Ghana’s Minister of Finance, as the new Chairman of its Board of Governors. His appointment was…
Business Finance Local Christabel Onyejekwe Appointed Chairperson of Africa Prudential as Board Reshuffles Leadership April 17, 2025 Ekemini Christabel Onyejekwe has officially been named the new Chairperson of Africa Prudential Plc, marking a significant leadership transition for the tech-driven registrar company. Her appointment was confirmed during the company’s…
Business International Macroeconomic Turning Trade Tensions into Opportunity: How Nigeria Can Leverage Global Shifts for Economic Growth April 17, 2025 Ekemini With the ongoing trade rift between the US and several countries—including Nigeria—the Chartered Institute of Directors (CIoD) believes there’s a silver lining for Nigeria’s economy. While the 14% US tariff…
Business Local Macroeconomic Naira Weakens Slightly to N1,604/$1 in Official Market, Stakeholders Optimistic About Stability April 17, 2025 Ekemini The naira closed at N1,604 to the dollar on Tuesday, slightly weaker from the previous day’s N1,599. The official market also saw a decline in the naira’s value against other…
Business Local Macroeconomic Nigeria-China Currency Swap at Risk as Trade Imbalance Widens — CBN Warns April 17, 2025 Ekemini The Central Bank of Nigeria (CBN) has expressed concern that the persistent trade imbalance between Nigeria and China is threatening the effectiveness of the Nigeria-China currency swap agreement. Speaking at…
Energy Local Macroeconomic Petrol Prices May Drop to N800/Litre as Dangote Refinery Slashes Rates Amid Falling Crude Prices April 17, 2025 Ekemini Petrol prices in Nigeria could soon fall to around N800 per litre due to a combination of declining global crude oil prices and the revival of the naira-for-crude policy. Analysts…
Business investment Local Banking Stocks Drag NGX Down as Investors Lose N445bn in One Day April 17, 2025 Ekemini The Nigerian Exchange (NGX) took a significant hit on Wednesday, April 16, reversing the previous day’s modest rebound. The All-Share Index dropped by 0.68%, shedding 708.14 points to close at…
Business Finance Local Macroeconomic Naira Stabilizes as FX Market Liquidity Improves, Dollar Rate Inches Down April 16, 2025 Ekemini The Nigerian naira remained stable on Tuesday at the official foreign exchange (FX) market, closing slightly stronger against the dollar. Data from the Central Bank of Nigeria (CBN) showed a…
Business Local Local Investors Take the Lead in Africa’s Evolving Startup Funding Landscape April 16, 2025 Ekemini Africa’s startup funding scene is shifting in a big way, with local investors stepping up more than ever. In 2024, they made up 31% of all active investors in the…
Business Energy Local Dangote Refinery Slashes Petrol Ex-Depot Price to N835 Amid Global Crude Dip April 16, 2025 Ekemini Dangote Petroleum Refinery has once again brought some relief to the downstream oil sector by cutting the ex-depot price of petrol to N835 per litre. This new adjustment, announced on…
Finance Local Macroeconomic Fitch projects Nigeria’s external debt service to hit $5.2bn in 2025 April 16, 2025 Ekemini Fitch Ratings has projected a sharp increase in Nigeria’s external debt service, expecting it to rise to $5.2 billion in 2025. This marks a significant jump from $1.07 billion in…
