Nigerian Government Grants 47 Refinery Licenses to Boost Domestic Production and Energy Security
In a significant move to enhance Nigeria’s refining capacity and reduce reliance on imported petroleum products, the Federal Government has…
Month: April 2025
AEW 2025 Sets Stage for Africa’s $43bn Energy Boom, Focuses on Transition and Investment
The African Energy Week (AEW) has officially launched its 2025 conference, marking a pivotal moment in Africa’s energy future. Capital…
Nigerian Exporters Urged to Adopt Self-Sustaining Forex Strategies to Reduce CBN Dependence
Nigerian exporters have been advised to reduce their reliance on the Central Bank of Nigeria (CBN) for foreign exchange by…
World Bank Applauds Nigeria’s Strong GDP Growth, Urges Continued Economic Reforms
The World Bank has praised Nigeria’s recent economic progress, specifically its 3.4% GDP growth in 2024, the strongest since 2014.…
SEC, SMEDAN Partner to Enhance SME Financing through Capital Market
The Securities and Exchange Commission (SEC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have formed a…
European Markets Dip Amid Tariff Concerns and Disappointing Earnings from ASML
European markets opened lower on Wednesday, continuing the trend of uncertainty driven by concerns over U.S. trade tariffs. The pan-European…
Trump Signals New Tariffs on Smartphones, Computers, and Electronics
President Donald Trump has announced plans to impose new tariffs on imported semiconductors, with an announcement expected later this week.…
Google Cloud Stakes Its Claim in Enterprise AI at Next ’25 with Tools, Partners & Power Moves
At Google Cloud Next ’25, Google made it clear, it’s not chasing in the AI race anymore, it’s setting the…
Frustration grows amid prolonged network glitch
Since the federal government approved a 50% tariff hike in January 2025 to supposedly improve telecom services, Nigerians have been…
Nigeria’s Inflation Climbs to 24.23% as Cost of Healthy Diet Doubles — NBS Report
Nigeria’s inflation rate has surged yet again, hitting 24.23% in March 2025, according to fresh data from the National Bureau…
CBEX Collapse Triggers Urgent Calls for Stronger Regulation of Digital Asset Trading in Nigeria
The collapse of the CBEX digital asset trading platform has sparked widespread calls for more stringent government regulation of digital…
Google Launches Veo 2 AI Video Generator for Gemini Advanced Subscribers, Challenging OpenAI’s Sora
Google has officially launched Veo 2, an AI-powered video generation tool, available to subscribers of its premium Gemini Advanced plan.…
Ghana Economists Urge Swift Action for IMF’s $370 Million Approval Amid Economic Challenges
Economists in Ghana are urging the government to expedite efforts in securing the necessary assurances from the International Monetary Fund…
Nigeria and Sweden Launch EPICENTRE Innovation Hub to Boost Green, Digital Transformation
Nigeria is taking a big step toward a more sustainable, tech-driven future through a new partnership between 21st Century Technologies…
Nigeria reaffirms strong ties with US amid global uncertainty
Nigeria’s Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, has emphasized the country’s unwavering commitment to its long-standing strategic…
Analysts Predict Temporary Easing of Inflation in April Amidst Economic Pressures
Economic analysts are cautiously optimistic that Nigeria could see some easing in inflation for April 2025, despite the lingering macroeconomic…
FAAC Allocation Drops for Third Month to N1.57tn Amid Fiscal Pressures
The Federation Account Allocation Committee (FAAC) reported a continued decline in revenue shared among the federal, state, and local governments,…
Nigerians Fear Losses as CBEX Investment App Locks Users Out Amid Crash Fears
In a distressing turn of events, Nigerian users of the digital investment platform CBEX are voicing their fears and frustrations…
Nigeria’s Inflation Rate Climbs to 24.23% in March 2025 Amid Rising Economic Pressures
Nigeria’s inflation rate has surged to 24.23% in March 2025, as reported by the National Bureau of Statistics (NBS). This…
FCT Hits 95% Budget Execution in 2024 – Wike
Nyesom Wike, the Minister of the Federal Capital Territory (FCT), has reported an impressive 95% implementation of the 2024 FCT…
U.S Stock Futures Rise on Auto Tariff Exemption Hopes Amid Ongoing Uncertainty
U.S. stock index futures edged higher on Tuesday, driven by optimism that the auto sector could receive tariff relief. President…
China Pushes Back on U.S. Deep-Sea Metal Stockpile Plans, Citing International Law
So according to a recent report, the U.S. is apparently working on plans to stockpile deep-sea metals from the Pacific…
March Inflation Expected to Hold at 23.18% Amid Balancing Forces in Food, FX, and Fuel Markets
Analysts are projecting that Nigeria’s headline inflation for March 2025 will likely stay relatively flat around 23.18%, matching February’s figure.…
Lagos Partners with REA to Expand Renewable Energy Access and Bridge Power Gaps
In a decisive move to tackle Lagos State’s longstanding energy challenges, the Lagos State Government has signed a Memorandum of…
Africa Sees 14% Surge in Spyware Attacks Amid Rising Cyber Threats — Kaspersky
Africa witnessed a 14% year-on-year increase in spyware detections targeting businesses between 2023 and 2024, according to new data from…
OpenAI Drops GPT-4.1 Series with Focus on Coding Efficiency
OpenAI has introduced a new set of AI models dubbed the GPT-4.1 family, signaling a push toward smarter, more efficient…
Autos Drive European Markets Up as Trump Hints at Tariff Relief
European markets opened on a strong note Tuesday, with the Stoxx 600 up over 1.2% by mid-morning, powered by a…
Stock Market Close Lower on Profit-taking in Nestle Nigeria, 23 Others
The Nigerian stock market kicked off the week on a slight downturn as investors cashed out on gains from Nestle…
Trump’s Tariff War and Global Trade: A Push for Responsible Governance
In a recent debate on global trade and governance, economist Jeffrey Sachs criticized the U.S. administration’s approach to tariffs and…
CBN Advocates for Stronger Banks to Achieve $1 Trillion Economy by 2030
The Central Bank of Nigeria (CBN) has emphasized the need for resilient and stable banks in achieving the nation’s $1…