Business Economy Local Declining Oil Production Threatens Nigeria’s Fiscal Stability and Dollar Earnings April 15, 2025 Ekemini Nigeria’s fiscal stability is under increasing pressure as the country’s crude oil production dropped to its lowest level in 2025. According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), production…
Finance Local Macroeconomic Banks Essential to Nigeria’s $1 Trillion GDP Target, CBN Says April 15, 2025 Ekemini Nigeria’s ambition to reach a $1 trillion GDP by 2030 heavily relies on the banking sector’s ability to increase capital and support economic growth. At a recent seminar for finance…
Finance Local Technology GIA and SEC Unveil Strategic Plan for Nigeria’s Digital Asset Market Growth April 15, 2025 Ekemini The Global Investment Advisory (GIA) Community, in partnership with the Securities and Exchange Commission (SEC), has unveiled a comprehensive Digital Asset Markets Strategy aimed at expanding Nigeria’s cryptocurrency ecosystem. The…
Business Local Macroeconomic GNCCI Warns Ghana’s 2025 Inflation Target at Risk Due to Rising Costs and Policy Hikes April 15, 2025 Ekemini The Ghana National Chamber of Commerce and Industry (GNCCI) has raised concerns that the country’s 2025 inflation target of 11.9% may not be achievable. This warning comes in light of…
Local Macroeconomic Naira Weakens as Dollar Index Hits 2022 Lows Amid Growing Market Concerns April 15, 2025 Ekemini The Nigerian naira saw slight gains in the country’s foreign exchange market, with official rates hovering near N1600/$, while the unofficial market ranged between N1620 and N1630/$. Despite the marginal…
Business Local Technology Firm secures funding to promote AI April 15, 2025 Ekemini The Kayode Alabi Leadership and Career Initiative (KLCI) has received N75 million in cloud credits from Amazon Web Services (AWS) under its new Education Equity Initiative. This funding will support…
Energy International Macroeconomic OPEC Lowers Oil Demand Forecast as US Tariffs Rattle Global Markets April 15, 2025 Ekemini OPEC has revised its global oil demand growth forecast for 2025, trimming it to 1.3 million barrels per day (bpd), down from the previously expected 1.4 million bpd. The move…
Business Finance Local CBN Warns Banks Against Illicit Funds Amid Recapitalisation Drive April 15, 2025 Ekemini The Central Bank of Nigeria (CBN) has issued a strong warning to deposit money banks against sourcing capital from illicit or unverified funds as the country enters a new phase…
Banking Business Local Macroeconomic Entrepreneurs Applaud FCMB’s BEST Programme for Boosting Business Growth April 14, 2025 Ekemini First City Monument Bank (FCMB) is receiving widespread praise for its recent Business Empowerment, Sustainability and Training (BEST) Masterclass, which delivered hands-on training to entrepreneurs across southwestern Nigeria. Held between…
Business Energy Finance Local Nigeria’s Oil Production Hits 2025 Low, Threatening Budget and Economic Stability April 14, 2025 Ekemini Nigeria’s oil production has dropped to its lowest level in 2025, raising concerns over the country’s economic outlook and ability to meet its budgetary obligations. According to fresh data from…
Africa International Macroeconomic African Trade Ministers to Address Trump’s Tariff Threat April 14, 2025 Ekemini African Trade Ministers from across the continent are convening on Monday, April 14, 2025, to discuss the newly announced tariffs by US President Donald Trump. Despite the suspension of these…
Business investment Local Macroeconomic Banks and Manufacturers Overcome Economic Challenges to Post Impressive Profits and Dividends in 2024 April 14, 2025 Ekemini Despite Nigeria’s economic struggles, including high inflation, a depreciating naira, and rising interest rates, both banks and manufacturing companies have managed to defy economic headwinds in 2024. Six major banks,…
Business Finance investment Local Afriland Properties Approves N865.5m Dividend as 2024 Profits Surge April 14, 2025 Ekemini Afriland Properties Plc has received shareholder approval to distribute a total dividend of N865.5 million, equating to 63 kobo per ordinary share for the 2024 financial year. This resolution was…
International Technology Trump’s Commerce Secretary Warns of Future Tariffs on Tech Products April 14, 2025 Ekemini The U.S. tech industry’s temporary relief from tariffs may soon come to an end, according to Commerce Secretary Howard Lutnick. While consumer electronics such as laptops and smartphones were recently…
International Macroeconomic Politics Trade Trump’s Escalating Trade War with China Poses High Stakes for U.S. Economy April 14, 2025 Ekemini President Donald Trump’s trade war with China has reached a critical juncture, as rising tariffs threaten to push the U.S. and China toward an economic confrontation with global implications. With…
Local Technology Federal Court Admits FIRS Documents in Ongoing Tax Evasion Case Against Binance in Nigeria April 14, 2025 Ekemini The Federal High Court in Abuja has accepted evidence from the Federal Inland Revenue Service (FIRS) regarding its investigation into Binance’s financial transactions in Nigeria. Justice Emeka Nwite admitted the…
Business Local Technology Telecom Operators Begin Infrastructure Overhaul Amid Service Complaints and Tariff Hike April 14, 2025 Ekemini Telecommunications operators across Nigeria have begun major upgrades and equipment installations to improve service quality nationwide. This move comes in response to increasing customer complaints about poor service delivery and…
insurance Local Macroeconomic Insurance Operators Urged to Drive Reforms for National Development April 14, 2025 Ekemini Insurance sector operators have been called upon to implement significant reforms aimed at improving the industry’s competitiveness and fostering its growth. During the 40th anniversary celebration of RIMSON in Lagos,…
Economy investment Local MAN Warns U.S. Tariff Could Derail Nigeria’s N55trn Budget, Threaten AfCFTA Ambitions April 14, 2025 Ekemini The Manufacturers’ Association of Nigeria (MAN) has raised the alarm over the imposition of a 14% tariff on Nigerian goods by the United States, warning that the development could significantly…
Local Macroeconomic SEC Cracks Down on Unregistered Digital and Forex Trading Platforms Under New ISA 2025 Law April 14, 2025 Ekemini The Securities and Exchange Commission (SEC) of Nigeria has announced a ban on the operation of digital asset exchanges and online foreign exchange (forex) trading platforms that are not formally…
Business investment Local Macroeconomic Investors Cautious as NGX Sheds N440bn Amid Economic Jitters April 14, 2025 Ekemini The Nigerian Exchange (NGX) faced a sharp downturn last week, with market capitalisation dropping by N440.51 billion to settle at N65.71 trillion. This decline came despite a wave of dividend…
International Market European Stocks Surge on Tech Tariff Reprieve, But Uncertainty Lingers April 14, 2025 Ekemini European markets rebounded sharply on Monday, with the pan-European Stoxx 600 index climbing 2.2% as all sectors turned green. Technology stocks led the rally, gaining 3%, supported by U.S. President…
Business Finance Local Unclaimed Dividends Hit ₦68.7bn in 2024 as SEC Doubles Down on Tech-Driven Solutions April 14, 2025 Ekemini In 2024, thirteen major companies listed on the Nigerian Exchange (NGX) reported a combined ₦68.7 billion in unclaimed dividends—marking a 7.7% rise from ₦63.8 billion in 2023. Despite ongoing efforts…
Finance Local Banks and Universities colluding to frustrate student loan disbursement, says NOA April 14, 2025 Ekemini The National Orientation Agency (NOA) has raised serious concerns over alleged collusion between some universities and banks aimed at frustrating the timely disbursement of student loans. According to Lanre Issa-Onilu,…
Finance Local Macroeconomic Fitch Upgrades Nigeria’s Credit Rating to Stable Amid Reforms and Economic Improvements April 14, 2025 Ekemini Fitch Ratings has upgraded Nigeria’s credit rating to ‘B’ with a stable outlook, reflecting the country’s economic progress following significant reforms. These reforms, including the removal of long-standing fuel subsidies…
Business Energy Local FG Seeks Continued EU Support for Nigeria’s Power Sector Reform April 14, 2025 Ekemini The Nigerian government is calling for continued technical and financial support from the European Union (EU) to address the challenges in the country’s power sector, which is critical for overall…
Banking Business Finance Local Government Achieves GH¢6.67bn in Treasury Bill Auction Oversubscription-GHANA April 14, 2025 Ekemini The government of Ghana successfully raised GH¢6.67 billion in its latest treasury bill auction, surpassing its target by a slight margin, according to the Bank of Ghana. This auction saw…
Business investment Local Ghana’s Damang Mine Decision Paves Way for Local Investment in Mining Sector – Isaac Tandoh April 14, 2025 Ekemini The Ghanaian government’s decision not to extend the mining lease for the Damang Gold Mine has been positioned as a strategic move to reshape the country’s approach to natural resource…
Business Local Macroeconomic ISA 2025 Ushers in Bold Reforms to Transform Nigeria’s Capital Market April 14, 2025 Ekemini The newly enacted Investments and Securities Act (ISA) 2025 has been hailed as a landmark reform that resets Nigeria’s capital market framework for modern times. Replacing the outdated ISA 2007,…
Business Economy Local Trade Oil Slump and US Tariffs Shake Nigeria’s FX Market, Deepening Naira Volatility April 14, 2025 Ekemini Nigeria’s foreign exchange market has once again come under intense pressure as a mix of falling global oil prices and new trade tensions between the US and China drags the…
