Energy Local Macroeconomic Nigerian Government Grants 47 Refinery Licenses to Boost Domestic Production and Energy Security April 16, 2025 Ekemini In a significant move to enhance Nigeria’s refining capacity and reduce reliance on imported petroleum products, the Federal Government has issued 47 Licenses to Establish (LTE) and 30 Licenses to…
Africa Business Energy International AEW 2025 Sets Stage for Africa’s $43bn Energy Boom, Focuses on Transition and Investment April 16, 2025 Ekemini The African Energy Week (AEW) has officially launched its 2025 conference, marking a pivotal moment in Africa’s energy future. Capital expenditure in Africa’s oil and gas sector is projected to…
Business Local Macroeconomic Nigerian Exporters Urged to Adopt Self-Sustaining Forex Strategies to Reduce CBN Dependence April 16, 2025 Ekemini Nigerian exporters have been advised to reduce their reliance on the Central Bank of Nigeria (CBN) for foreign exchange by implementing sustainable forex strategies. Industry experts suggest that utilizing offshore…
Business Local Macroeconomic World Bank Applauds Nigeria’s Strong GDP Growth, Urges Continued Economic Reforms April 16, 2025 Ekemini The World Bank has praised Nigeria’s recent economic progress, specifically its 3.4% GDP growth in 2024, the strongest since 2014. This positive growth has been attributed to the country’s ongoing…
Business Local SEC, SMEDAN Partner to Enhance SME Financing through Capital Market April 16, 2025 Ekemini The Securities and Exchange Commission (SEC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have formed a strategic partnership aimed at improving financing opportunities for small and…
Finance International Market European Markets Dip Amid Tariff Concerns and Disappointing Earnings from ASML April 16, 2025 Ekemini European markets opened lower on Wednesday, continuing the trend of uncertainty driven by concerns over U.S. trade tariffs. The pan-European Stoxx 600 index fell by 0.8%, following two days of…
International Technology Trump Signals New Tariffs on Smartphones, Computers, and Electronics April 16, 2025 Ekemini President Donald Trump has announced plans to impose new tariffs on imported semiconductors, with an announcement expected later this week. This move is part of his strategy to address the…
International Technology Google Cloud Stakes Its Claim in Enterprise AI at Next ’25 with Tools, Partners & Power Moves April 16, 2025 Ekemini At Google Cloud Next ’25, Google made it clear, it’s not chasing in the AI race anymore, it’s setting the pace. With a full-blown push into AI-driven enterprise tools, Google…
Business Local Technology Frustration grows amid prolonged network glitch April 16, 2025 Ekemini Since the federal government approved a 50% tariff hike in January 2025 to supposedly improve telecom services, Nigerians have been left feeling frustrated and shortchanged. Instead of enjoying better service,…
Business Local Macroeconomic Nigeria’s Inflation Climbs to 24.23% as Cost of Healthy Diet Doubles — NBS Report April 16, 2025 Ekemini Nigeria’s inflation rate has surged yet again, hitting 24.23% in March 2025, according to fresh data from the National Bureau of Statistics (NBS). This marks a sharp rise from the…
Finance investment Local Technology CBEX Collapse Triggers Urgent Calls for Stronger Regulation of Digital Asset Trading in Nigeria April 16, 2025 Ekemini The collapse of the CBEX digital asset trading platform has sparked widespread calls for more stringent government regulation of digital asset markets in Nigeria. Following its sudden failure, which left…
International Technology Google Launches Veo 2 AI Video Generator for Gemini Advanced Subscribers, Challenging OpenAI’s Sora April 16, 2025 Ekemini Google has officially launched Veo 2, an AI-powered video generation tool, available to subscribers of its premium Gemini Advanced plan. The tool positions itself as a direct competitor to OpenAI’s…
Africa Local Macroeconomic Ghana Economists Urge Swift Action for IMF’s $370 Million Approval Amid Economic Challenges April 16, 2025 Ekemini Economists in Ghana are urging the government to expedite efforts in securing the necessary assurances from the International Monetary Fund (IMF) to ensure the smooth continuation of the country’s bailout…
Business International Technology Nigeria and Sweden Launch EPICENTRE Innovation Hub to Boost Green, Digital Transformation April 16, 2025 Ekemini Nigeria is taking a big step toward a more sustainable, tech-driven future through a new partnership between 21st Century Technologies and Sweden’s EPICENTRE, backed by Business Sweden and the Swedish…
Business International investment Nigeria reaffirms strong ties with US amid global uncertainty April 16, 2025 Ekemini Nigeria’s Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, has emphasized the country’s unwavering commitment to its long-standing strategic partnership with the United States, even amid today’s unpredictable global…
Business Local Macroeconomic Analysts Predict Temporary Easing of Inflation in April Amidst Economic Pressures April 16, 2025 Ekemini Economic analysts are cautiously optimistic that Nigeria could see some easing in inflation for April 2025, despite the lingering macroeconomic issues affecting both consumers and manufacturers. Rotimi Fakayejo, a financial…
Finance Local Macroeconomic FAAC Allocation Drops for Third Month to N1.57tn Amid Fiscal Pressures April 16, 2025 Ekemini The Federation Account Allocation Committee (FAAC) reported a continued decline in revenue shared among the federal, state, and local governments, with N1.578 trillion distributed for March 2025. This marks the…
Finance Local Macroeconomic Technology Nigerians Fear Losses as CBEX Investment App Locks Users Out Amid Crash Fears April 15, 2025 Ekemini In a distressing turn of events, Nigerian users of the digital investment platform CBEX are voicing their fears and frustrations after being locked out of their accounts. The app, which…
Breaking Local Macroeconomic Nigeria’s Inflation Rate Climbs to 24.23% in March 2025 Amid Rising Economic Pressures April 15, 2025 Ekemini Nigeria’s inflation rate has surged to 24.23% in March 2025, as reported by the National Bureau of Statistics (NBS). This marks a notable increase from the previous month’s rate of…
Local Macroeconomic FCT Hits 95% Budget Execution in 2024 – Wike April 15, 2025 Ekemini Nyesom Wike, the Minister of the Federal Capital Territory (FCT), has reported an impressive 95% implementation of the 2024 FCT budget, marking a historic milestone for the administration. Wike shared…
International Macroeconomic Market U.S Stock Futures Rise on Auto Tariff Exemption Hopes Amid Ongoing Uncertainty April 15, 2025 Ekemini U.S. stock index futures edged higher on Tuesday, driven by optimism that the auto sector could receive tariff relief. President Donald Trump suggested potential exemptions for the 25% tariffs imposed…
International Macroeconomic China Pushes Back on U.S. Deep-Sea Metal Stockpile Plans, Citing International Law April 15, 2025 Ekemini So according to a recent report, the U.S. is apparently working on plans to stockpile deep-sea metals from the Pacific Ocean to reduce its reliance on China for rare earths…
Local Macroeconomic March Inflation Expected to Hold at 23.18% Amid Balancing Forces in Food, FX, and Fuel Markets April 15, 2025 Ekemini Analysts are projecting that Nigeria’s headline inflation for March 2025 will likely stay relatively flat around 23.18%, matching February’s figure. This outlook is shaped by a combination of opposing forces—moderating…
Energy Local Macroeconomic Lagos Partners with REA to Expand Renewable Energy Access and Bridge Power Gaps April 15, 2025 akintunde In a decisive move to tackle Lagos State’s longstanding energy challenges, the Lagos State Government has signed a Memorandum of Understanding (MoU) with the Rural Electrification Agency (REA). This partnership,…
Business International Technology Africa Sees 14% Surge in Spyware Attacks Amid Rising Cyber Threats — Kaspersky April 15, 2025 Ekemini Africa witnessed a 14% year-on-year increase in spyware detections targeting businesses between 2023 and 2024, according to new data from cybersecurity firm Kaspersky. Spyware, which is designed to secretly monitor…
International Technology OpenAI Drops GPT-4.1 Series with Focus on Coding Efficiency April 15, 2025 Ekemini OpenAI has introduced a new set of AI models dubbed the GPT-4.1 family, signaling a push toward smarter, more efficient AI for real-world software development. The lineup includes GPT-4.1, GPT-4.1…
International Market Trade Autos Drive European Markets Up as Trump Hints at Tariff Relief April 15, 2025 Ekemini European markets opened on a strong note Tuesday, with the Stoxx 600 up over 1.2% by mid-morning, powered by a sharp rally in auto stocks. Optimism came after U.S. President…
Business Finance Local Stock Market Close Lower on Profit-taking in Nestle Nigeria, 23 Others April 15, 2025 Ekemini The Nigerian stock market kicked off the week on a slight downturn as investors cashed out on gains from Nestle Nigeria Plc and 23 other stocks, pulling the NGX All-Share…
Business International Trump’s Tariff War and Global Trade: A Push for Responsible Governance April 15, 2025 Ekemini In a recent debate on global trade and governance, economist Jeffrey Sachs criticized the U.S. administration’s approach to tariffs and trade wars, particularly under former President Donald Trump. Sachs argued…
Business Finance Local Macroeconomic CBN Advocates for Stronger Banks to Achieve $1 Trillion Economy by 2030 April 15, 2025 Ekemini The Central Bank of Nigeria (CBN) has emphasized the need for resilient and stable banks in achieving the nation’s $1 trillion economy target by 2030, as outlined by President Bola…
