Business investment Local Nigeria Aims to Slash $4bn Garment Imports, Revive Local Textile Industry with BoI Partnership April 10, 2025 Ekemini The Nigerian government is ramping up efforts to cut down its unsustainable $4 billion annual garment import bill by reviving the once-thriving local textile industry. Minister of State for Industry,…
Banking Finance Local NDIC to Pay Full Liquidation Dividends to Depositors of 20 Failed Banks April 10, 2025 Ekemini The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will pay a 100% liquidation dividend to depositors of 20 banks that previously failed, marking a significant achievement in its…
Business Local Nigeria’s Business Confidence Soars as PMI Reaches 52.3 in March 2025 April 10, 2025 Ekemini Nigeria’s private sector continued its growth momentum in March 2025, as the Central Bank of Nigeria’s (CBN) Purchasing Managers’ Index (PMI) climbed to 52.3, up from 51.4 in February. This…
Business Energy investment Local Dangote Refinery begins global export of refined petroleum products April 10, 2025 Ekemini The Dangote Petroleum Refinery has officially kicked off global exports of refined petroleum products, marking a major milestone for Nigeria’s energy and industrial sectors. This was announced by Mr. Ayirioritse…
Business investment Local NGX Group Approves ₦4.4 Billion Dividend, Sets Sights on Private Capital Market Expansion April 10, 2025 Ekemini The Nigerian Exchange Group (NGX Group) Plc has approved a ₦4.4 billion dividend payout to shareholders, marking a dividend of ₦2 per share for the 2024 business year. At its…
Local Macroeconomic Nigeria Records $6.83bn Balance of Payments Surplus in 2024, Signaling Economic Revival April 10, 2025 Ekemini Nigeria’s economy is showing promising signs of recovery with a recorded balance of payments (BoP) surplus of $6.83 billion in 2024, according to the Central Bank of Nigeria (CBN). This…
Business Economy International Global Markets Soar After Trump Halts Tariff Plans, but China Faces Increased Duties April 10, 2025 Ekemini Global stock markets experienced a significant boost on Wednesday following President Trump’s surprising announcement of a 90-day pause on his planned “reciprocal” tariffs. The S&P 500 surged by 9.5% by…
Local Macroeconomic Nigeria Sees Record Remittance Inflows Under Cardoso, Strengthening Economy April 10, 2025 Ekemini In 2024, remittance inflows into Nigeria reached $20.98 billion, a nine percent increase from the previous year and the highest level in five years, under the leadership of Olayemi Cardoso,…
Africa Business International Nigeria Can Withstand U.S. Tariff Hike with Strategic Reforms – Trade Leader April 10, 2025 Ekemini The Vice President of National and International Affairs for the West African Cross Border Traders group, Salami Nasiru Alasoadua, has urged Nigeria and its neighbors to reorganize and strengthen their…
Agriculture Local Technology AI Will Boost Human Productivity, Not Replace It – Prof. Abah at StemCon 2025 April 10, 2025 Ekemini At the recently held StemCon 2025 at Nile University, Professor Joshua Abah, Dean of the Faculty of Computing, reassured attendees that artificial intelligence (AI) is not a threat to human…
Energy International Macroeconomic Crude Oil Plunges to $60 as China Strikes Back with Steep Tariffs April 10, 2025 Ekemini Crude oil prices plunged on Wednesday, with Brent falling to $60.46 per barrel, down from $63 the previous day, and US West Texas Intermediate (WTI) dropping to $57.21. This marks…
Features Opinion My thesis on sustainable development of our great State April 9, 2025 akintunde Creating a sustainable future requires bold and innovative strategies that focus on economic growth, social well-being and environmental care. By prioritizing specifically, skill acquisition, support for the vulnerable and temporary…
Finance investment Local Pension Pension Fund Investments in Nigerian Infrastructure Soar as Assets Triple Over 5 Years April 9, 2025 Ekemini In recent years, Nigerian pension fund managers have significantly increased their investments in infrastructure, with the sector seeing a 218% surge between 2015 and 2020. As of February 2025, the…
Business environment Local Waste Managers in Nigeria Urge Government to Adopt Cost-Reflective Tariffs Amid Rising April 9, 2025 Ekemini The Association of Waste Managers of Nigeria (AWAMN) has called on the Nigerian government to introduce a cost-reflective tariff structure for waste management services to address rising operational costs and…
Africa Economy Local GRA Exceeds Q1 Tax Revenue Target, Collects GH₵41bn April 9, 2025 Ekemini The Ghana Revenue Authority (GRA) has announced an impressive performance in the first quarter of the year, surpassing its tax revenue target of GH₵39 billion by collecting GH₵41 billion. This…
Energy Finance Local FG Confirms Continuation of Crude and Refined Product Sales in Naira Initiative April 9, 2025 Ekemini The Federal Government has reaffirmed that the Crude and Refined Product Sales in Naira initiative is a permanent policy. The government confirmed that the initiative, which mandates the transaction of…
International Macroeconomic Politics Global Economists Condemn Trump’s Tariffs, Warning of Recession and Disruptions April 9, 2025 Ekemini Economists around the world are raising alarms about the potential consequences of President Donald Trump’s sweeping tariffs, which have escalated into a trade war with severe global repercussions. Experts argue…
Finance investment Local Nigeria Moves to Unlock Climate Fund for Green Investment and Climate Action April 9, 2025 Ekemini In a significant move to accelerate its green transition, Nigeria’s Federal Government has committed to fully operationalising the Climate Change Fund (CCF), a vital financial instrument aimed at promoting sustainability…
Business Finance International European Stocks Plunge 3% Amid Trump’s Tariff Implementation, Market Uncertainty Rises April 9, 2025 Ekemini European stocks faced a steep decline on Wednesday, with the pan-European Stoxx 600 index dropping 3.08% by mid-morning in London. All sectors, including healthcare, mining, and oil & gas, saw…
Business Finance Local Champion Breweries Achieves N21bn Revenue in 2024, Strengthens Brand Presence in Akwa Ibom April 9, 2025 Ekemini Champion Breweries Plc in Uyo, Akwa Ibom, reported a remarkable financial performance for 2024, with a revenue of N21 billion. The company’s Managing Director, Dr. Inalegwu Adoga, expressed satisfaction with…
Business investment Local NGX Group FY 2024: Strong Revenue Growth of 103.53% Driven by Market Activity and Strategic Focus April 9, 2025 Ekemini The Nigerian Exchange Group (NGX) reported impressive financial results for the year ending December 31, 2024, with a significant 103.53% revenue growth. This surge was attributed to increased market activity,…
Business Finance Local Pension Funds Investment in Nigeria’s Real Sector Reaches N5.51 Trillion April 9, 2025 Ekemini Nigeria’s pension industry has committed a substantial N5.51 trillion towards financing key sectors critical for long-term economic growth, according to the National Pension Commission (PenCom). These investments cover a range…
Local Technology NCC Moves to Regulate Unclaimed Airtime and Data Balances for Telecom Subscribers April 9, 2025 Ekemini The Nigerian Communications Commission (NCC) has initiated discussions on regulating unclaimed airtime and data balances in the telecommunications sector. The commission held an Industry Consultative Forum on April 8, 2025,…
insurance Local Technology Experts Urge Balance Between AI and Human Resources in Insurance Industry April 9, 2025 Ekemini As technological advancements such as Artificial Intelligence (AI), Big Data, IoT, and Blockchain continue to transform industries, experts in the insurance sector have raised concerns over the diminishing role of…
Business Local Technology Sanwo-Olu to inaugurate Rack Centre LGS2 Data Centre April 10 April 9, 2025 Ekemini On April 10, 2025, the Governor of Lagos State, Babajide Sanwo-Olu, will officially inaugurate the LGS2 Data Centre, a state-of-the-art facility developed by Rack Centre. The Governor confirmed his attendance…
Business Finance Local CBN Targets 95% Financial Inclusion by 2024 to Reduce Financial Exclusion April 9, 2025 Ekemini The Central Bank of Nigeria (CBN) has set an ambitious target to achieve 95% financial inclusion by the end of 2024. This effort is part of the ongoing strategy to…
International Macroeconomic Bond Selloff Signals Global Market Turmoil Amid U.S. Tariff Escalation April 9, 2025 Ekemini U.S. Treasuries experienced significant losses as a global market rout was sparked by the imposition of high U.S. tariffs, leading to forced selling and a rush for cash. The 10-year…
Africa International Macroeconomic Adesina Advocates for Stronger Global Partnerships to Boost African Economic Growth April 9, 2025 Ekemini Dr. Akinwumi Adesina, President of the African Development Bank Group, emphasized the importance of fostering global alliances to enhance economic opportunities in Africa during a visit to the United Bank…
Business International Trade Trump’s 14% Tariff Imposes Risks on N323.96bn Nigerian Non-Oil Exports to the US April 9, 2025 Ekemini US President Donald Trump’s newly implemented Universal Baseline Tariff, announced on April 2, 2025, has placed a significant portion of Nigeria’s non-oil exports to the United States at risk. The…
Business Crypto International Crypto Market Crashes as Trump’s Tariffs on China Trigger Financial Chaos April 9, 2025 Ekemini The cryptocurrency market has been hit hard following the implementation of U.S. President Donald Trump’s tariffs on Chinese goods. Bitcoin dropped 4.1%, hitting $76,550, while Ethereum plunged 8.3%, reaching its…
