Nigerian Stocks to Watch: Oando’s Struggles, VFD’s Surge, and Wema’s Rights Issue in Focus
The Nigerian stock market closed the week ending April 11, 2025, on a bearish note, as the All-Share Index dropped…
Month: April 2025
Traditional Banks in Nigeria See Mixed Results as They Enter Fintech Space
Nigerian traditional banks began diving into the fintech industry in 2017, with Wema Bank’s launch of its ALAT platform marking…
Government Rejects GH¢2.36bn in T-bill Bids Amid Fiscal Caution
The government of Ghana has adopted a more cautious approach to borrowing, rejecting a substantial portion of bids totaling GH¢2.36…
Vegetable Exporters Urge AfCFTA to Address Trade Barriers Impeding Intra-African Trade
The Vegetable Producers and Exporters Association of Ghana has called on the African Continental Free Trade Area (AfCFTA) Secretariat to…
Japan’s Stocks Drop Amid Trade War Tensions as U.S.-China Relations Sour
Asian markets experienced mixed trading on Friday, with Japan’s Nikkei 225 falling nearly 3% amid escalating trade war tensions between…
Enugu issues 5MW power licence, boosts private sector participation in electricity market
Enugu State has issued a new 5MW power generation license to Tempo Power Solutions Ltd, authorizing the company to establish…
NNPC Pushes Forward with 72% Completion of AKK Pipeline, Reaffirms Commitment to Energy Transition
The Nigerian National Petroleum Company (NNPC) Limited has reported a 72% completion rate on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project,…
Xi Jinping Breaks Silence on U.S. Trade War: “China Is Not Afraid”
In his first public statement since tensions reignited between the United States and China, President Xi Jinping declared that China…
Google Slashes Prices to Woo U.S. Agencies, Challenges Microsoft’s Government Stronghold
In a bold move to challenge Microsoft’s dominance in the U.S. government software market, Google has announced a significant price…
Dangote Refinery Reduces Ex-Deport Petrol Price from N880 to N865 per Litre
Dangote Petroleum Refinery and Petrochemicals has announced a reduction in its ex-gantry loading cost for petrol from N880 to N865…
Ghana’s Cocoa Industry Unfazed by U.S. Tariff, Says Farmers Association
The United States’ recent decision to impose a 10% tariff on imports from various countries, including Ghana, has stirred concern…
Nigeria’s Economy Faces Strain as Global Oil Prices Drop to Four-Year Low Amid US-China Tariff War
Global oil prices have plunged to a four-year low due to escalating US-China trade tensions and rising concerns over supply…
Nigeria’s Economy Shows Signs of Recovery as PMI Reaches 52.3 in March 2025
Nigeria’s economy appears to be on a path to gradual recovery, as the Central Bank of Nigeria (CBN) reported a…
Nigeria’s Eurobond Market Faces Turmoil Amid U.S.-China Trade War
Nigeria’s Eurobond market has been hit hard by the global financial turbulence sparked by U.S. President Donald Trump’s announcement of…
US-China Trade War Could Slash Global GDP by 7%, WTO Chief Warns
World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala has warned that the ongoing trade war between the United States and China…
NGX Shifts Gears to Attract Private Capital Amid Record Growth
The Nigerian Exchange Group (NGX) is repositioning its operations to become a hub for both public and private capital, aiming…
Experts Urge Dialogue as Nigeria Braces for Impact of Trump’s 90-Day Tariff Pause
In the wake of U.S. President Donald Trump’s announcement of a 90-day pause on tariff hikes, experts are calling for…
MTN Plans Second Public Offer in Nigeria Following Projected Financial Rebound
MTN Group is preparing to reduce its stake in MTN Nigeria from 76% to 65% through a second public offering,…
FG Signs $328.8 Million Electricity Transmission Agreement with Chinese Firm
The Federal Government of Nigeria has signed a significant $328.8 million contract with China Machinery Engineering Corporation (CMEC) to rehabilitate…
Ghana Risks Losing $500M in Revenue Over Domestic Lithium Refining Plans, Warns NRGI
Ghana faces the potential loss of up to $500 million in government revenue if it proceeds with plans to refine…
COCOBOD Maintains Cocoa Producer Price Despite Côte d’Ivoire’s Increase-GHANA
The Ghana Cocoa Board (COCOBOD) has confirmed that it will keep the cocoa producer price unchanged for the 2025/2026 season.…
Bitcoin Rebounds Above $82K Following Trump’s 90-Day Tariff PauseCryptos, Markets
U.S. President Donald Trump’s recent announcement of a temporary 90-day pause on tariffs for most global trading partners, excluding China,…
Nigeria Needs 40% Annual Growth to Offset U.S. Tariff Impact, Economist Warns
In a recent address at the 2025 Vanguard Economic Discourse in Lagos, Dr. Yemi Kale, the Group Chief Economist at…
Nigerian Stock Market Declines by 0.18% as LIVESTOCK and VFDGROUP Lead Gainers
The Nigerian All-Share Index (ASI) experienced a decline of 0.18% on April 9, 2025, closing at 104,187.00, down from the…
NGX Shifts Focus to Attract Private Capital Amid Rising Delistings
As delistings from the Nigerian capital market grow, the Nigerian Exchange Group (NGX) is adjusting its strategy to tap into…
Transcorp Hits $3 Billion Valuation as Elumelu Calls for Urgent Power Sector Reforms
Transcorp Plc has reached a major milestone, with its market valuation now standing at $3 billion (₦4.5 trillion), according to…
European Stocks Surge 4.9% After U.S. Tariff Pause
European markets experienced a sharp rally on Thursday, with the pan-European Stoxx 600 rising 4.9% by mid-morning. The surge followed…
Nigeria Pays $407.97 Million to Service IMF Debts in Q4 2024
In the fourth quarter of 2024, Nigeria spent $1.8 billion on servicing its external debts, with the International Monetary Fund…
5G Could Add $26 Billion to Africa’s GDP by 2030, Says GSMA
Africa is at the early stages of adopting fifth-generation (5G) mobile technology, but its economic potential is already making waves.…
Google’s James Manyika Highlights AI’s Potential for Transforming Africa’s Future
James Manyika, Google’s Senior Vice President for Research, Labs, Technology & Society, has outlined key areas where Artificial Intelligence (AI)…