Business investment Local Nigerian Stocks to Watch: Oando’s Struggles, VFD’s Surge, and Wema’s Rights Issue in Focus April 14, 2025 Ekemini The Nigerian stock market closed the week ending April 11, 2025, on a bearish note, as the All-Share Index dropped by 0.90% to 104,563.34 points. This performance aligns with a…
Finance investment Local Technology Traditional Banks in Nigeria See Mixed Results as They Enter Fintech Space April 11, 2025 Ekemini Nigerian traditional banks began diving into the fintech industry in 2017, with Wema Bank’s launch of its ALAT platform marking the start of a significant industry shift. GTCO followed suit…
Economy investment Local Government Rejects GH¢2.36bn in T-bill Bids Amid Fiscal Caution April 11, 2025 Ekemini The government of Ghana has adopted a more cautious approach to borrowing, rejecting a substantial portion of bids totaling GH¢2.36 billion from the GH¢4.05 billion submitted for 91-day, 182-day, and…
Agriculture Local Macroeconomic Vegetable Exporters Urge AfCFTA to Address Trade Barriers Impeding Intra-African Trade April 11, 2025 Ekemini The Vegetable Producers and Exporters Association of Ghana has called on the African Continental Free Trade Area (AfCFTA) Secretariat to prioritize the removal of barriers hindering trade between African countries.…
Economy International Trade Japan’s Stocks Drop Amid Trade War Tensions as U.S.-China Relations Sour April 11, 2025 Ekemini Asian markets experienced mixed trading on Friday, with Japan’s Nikkei 225 falling nearly 3% amid escalating trade war tensions between the U.S. and China. The sell-off in Wall Street on…
Business Energy investment Local Enugu issues 5MW power licence, boosts private sector participation in electricity market April 11, 2025 Ekemini Enugu State has issued a new 5MW power generation license to Tempo Power Solutions Ltd, authorizing the company to establish a gas-fired plant. This move further aligns with the state’s…
Energy Local Technology NNPC Pushes Forward with 72% Completion of AKK Pipeline, Reaffirms Commitment to Energy Transition April 11, 2025 Ekemini The Nigerian National Petroleum Company (NNPC) Limited has reported a 72% completion rate on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project, highlighting its importance in Nigeria’s gas-led energy transition agenda. This…
Economy International Trade Xi Jinping Breaks Silence on U.S. Trade War: “China Is Not Afraid” April 11, 2025 Ekemini Uba In his first public statement since tensions reignited between the United States and China, President Xi Jinping declared that China is “not afraid” of the escalating trade war. His comments,…
Business International Technology Google Slashes Prices to Woo U.S. Agencies, Challenges Microsoft’s Government Stronghold April 11, 2025 Ekemini In a bold move to challenge Microsoft’s dominance in the U.S. government software market, Google has announced a significant price cut for its Workspace business apps package, offering a 71%…
Business Energy Local Dangote Refinery Reduces Ex-Deport Petrol Price from N880 to N865 per Litre April 11, 2025 Ekemini Dangote Petroleum Refinery and Petrochemicals has announced a reduction in its ex-gantry loading cost for petrol from N880 to N865 per litre. The $20 billion refinery made this decision after…
Agriculture Business Local Ghana’s Cocoa Industry Unfazed by U.S. Tariff, Says Farmers Association April 11, 2025 Ekemini The United States’ recent decision to impose a 10% tariff on imports from various countries, including Ghana, has stirred concern about its potential impact on the global economy, with particular…
Business International Macroeconomic Nigeria’s Economy Faces Strain as Global Oil Prices Drop to Four-Year Low Amid US-China Tariff War April 11, 2025 Ekemini Global oil prices have plunged to a four-year low due to escalating US-China trade tensions and rising concerns over supply imbalances. Brent crude dropped to $60.44 per barrel, while WTI…
Business Economy Local Nigeria’s Economy Shows Signs of Recovery as PMI Reaches 52.3 in March 2025 April 11, 2025 Ekemini Nigeria’s economy appears to be on a path to gradual recovery, as the Central Bank of Nigeria (CBN) reported a rise in the country’s Purchasing Managers’ Index (PMI) to 52.3…
Finance International investment Nigeria’s Eurobond Market Faces Turmoil Amid U.S.-China Trade War April 11, 2025 Ekemini Nigeria’s Eurobond market has been hit hard by the global financial turbulence sparked by U.S. President Donald Trump’s announcement of a 10% import tariff on foreign goods. This move, along…
International Macroeconomic US-China Trade War Could Slash Global GDP by 7%, WTO Chief Warns April 11, 2025 Ekemini World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala has warned that the ongoing trade war between the United States and China could severely impact the global economy, potentially reducing global GDP…
Business Finance investment Local NGX Shifts Gears to Attract Private Capital Amid Record Growth April 11, 2025 Ekemini The Nigerian Exchange Group (NGX) is repositioning its operations to become a hub for both public and private capital, aiming to reverse the trend of company delistings and boost investor…
Business Energy International Experts Urge Dialogue as Nigeria Braces for Impact of Trump’s 90-Day Tariff Pause April 11, 2025 Ekemini In the wake of U.S. President Donald Trump’s announcement of a 90-day pause on tariff hikes, experts are calling for strategic dialogue and measured responses, especially from vulnerable economies like…
Business Economy investment Local MTN Plans Second Public Offer in Nigeria Following Projected Financial Rebound April 10, 2025 Ekemini MTN Group is preparing to reduce its stake in MTN Nigeria from 76% to 65% through a second public offering, once the company gets back on solid financial footing. MTN…
Energy Local FG Signs $328.8 Million Electricity Transmission Agreement with Chinese Firm April 10, 2025 Ekemini The Federal Government of Nigeria has signed a significant $328.8 million contract with China Machinery Engineering Corporation (CMEC) to rehabilitate and expand the country’s electricity transmission network. This agreement, signed…
Local Macroeconomic Ghana Risks Losing $500M in Revenue Over Domestic Lithium Refining Plans, Warns NRGI April 10, 2025 Ekemini Ghana faces the potential loss of up to $500 million in government revenue if it proceeds with plans to refine its lithium domestically, according to a report by the Natural…
Agriculture Business Local COCOBOD Maintains Cocoa Producer Price Despite Côte d’Ivoire’s Increase-GHANA April 10, 2025 Ekemini The Ghana Cocoa Board (COCOBOD) has confirmed that it will keep the cocoa producer price unchanged for the 2025/2026 season. This decision was made after a thorough review of the…
International Macroeconomic Bitcoin Rebounds Above $82K Following Trump’s 90-Day Tariff PauseCryptos, Markets April 10, 2025 Ekemini U.S. President Donald Trump’s recent announcement of a temporary 90-day pause on tariffs for most global trading partners, excluding China, has sparked renewed optimism in the markets, especially in the…
Business Local Macroeconomic Nigeria Needs 40% Annual Growth to Offset U.S. Tariff Impact, Economist Warns April 10, 2025 Ekemini In a recent address at the 2025 Vanguard Economic Discourse in Lagos, Dr. Yemi Kale, the Group Chief Economist at Afreximbank, highlighted the significant challenges Nigeria faces in achieving its…
Business investment Local Market Nigerian Stock Market Declines by 0.18% as LIVESTOCK and VFDGROUP Lead Gainers April 10, 2025 Ekemini The Nigerian All-Share Index (ASI) experienced a decline of 0.18% on April 9, 2025, closing at 104,187.00, down from the previous day’s 104,376.73. This drop of 189.73 points was accompanied…
Finance investment Local NGX Shifts Focus to Attract Private Capital Amid Rising Delistings April 10, 2025 Ekemini As delistings from the Nigerian capital market grow, the Nigerian Exchange Group (NGX) is adjusting its strategy to tap into the increasing flow of private capital. Temi Popoola, the CEO…
Business Finance investment Local Transcorp Hits $3 Billion Valuation as Elumelu Calls for Urgent Power Sector Reforms April 10, 2025 Ekemini Transcorp Plc has reached a major milestone, with its market valuation now standing at $3 billion (₦4.5 trillion), according to its Chairman, Tony Elumelu. Speaking at the company’s 19th Annual…
International Stock European Stocks Surge 4.9% After U.S. Tariff Pause April 10, 2025 Ekemini European markets experienced a sharp rally on Thursday, with the pan-European Stoxx 600 rising 4.9% by mid-morning. The surge followed an unexpected move by U.S. President Donald Trump to temporarily…
Finance Local Macroeconomic Nigeria Pays $407.97 Million to Service IMF Debts in Q4 2024 April 10, 2025 Ekemini In the fourth quarter of 2024, Nigeria spent $1.8 billion on servicing its external debts, with the International Monetary Fund (IMF) receiving the largest share of $407.97 million. This payment…
Africa International Technology 5G Could Add $26 Billion to Africa’s GDP by 2030, Says GSMA April 10, 2025 Ekemini Africa is at the early stages of adopting fifth-generation (5G) mobile technology, but its economic potential is already making waves. The GSMA’s new report, Destination Growth: The Journey to Complete…
Africa Business International Technology Google’s James Manyika Highlights AI’s Potential for Transforming Africa’s Future April 10, 2025 Ekemini James Manyika, Google’s Senior Vice President for Research, Labs, Technology & Society, has outlined key areas where Artificial Intelligence (AI) could significantly benefit Africa during his speech at the Global…
