Diageo, GSK, Unilever Exit. Can Nigeria Replace Them?
Nigeria’s Economic Outlook Amid Tough Reforms, Exiting Foreign Companies and New Investments Despite recent economic challenges, Nigeria is showing signs…
Day: May 7, 2025
Senate Moves Ahead on Tax Overhaul, Passes Two Major Reform Bills
In a significant step toward overhauling Nigeria’s tax administration, the Senate has passed two of the four major tax reform…
African Startups Raise $803M in Early 2025, Signaling Strong Tech Sector Rebound
In a strong indication of recovery, African startups have collectively raised $803 million in funding between January and April 2025—a…
Oil Prices Rebound 3% as Demand Grows in Europe, China and U.S. Output Slows
Oil prices bounced back sharply on Tuesday, climbing roughly 3%, following signs of stronger energy demand in Europe and China…
Nigeria loses over N1.3 billion to ‘Tomato Ebola’ outbreak in three states – Minister
Nigeria’s agriculture sector has taken a serious hit with the recent outbreak of Tuta absoluta, a pest widely known as…
Nigerian Stock Market Adds N1.05 Trillion in Bullish Surge Driven by ETI, Nestle, Others
The Nigerian stock market experienced a major upswing as the Nigerian Exchange Limited (NGX) added N1.05 trillion in market capitalization…
Inflation Drops to 21.2% in April, Easing for Fifth Straight Month Amid Stronger Cedi-GHANA
Inflation in Ghana dropped to 21.2% in April 2025, the lowest level recorded in eight months, signaling a continued easing…
Gmail Users Face Lockout Risk After Sophisticated Phishing Attack, Google Warns
Google has sounded the alarm for its 1.8 billion Gmail users, urging anyone affected by a recent password hack to…
Investors Flock to Bitcoin and Gold Amid Geopolitical Tensions and Trade Uncertainty
Investors are turning to traditional safe-haven assets like gold and digital alternatives like Bitcoin as geopolitical tensions and economic uncertainty…
Africa Set to Lead Global Carbon Markets by 2025, Report Finds
A new report titled 2025 Africa Carbon Market Outlook (ACMO 25) reveals that Africa is on track to emerge as…
Nigerian CEOs Embrace AI and Market Expansion to Tackle Economic Challenges – PwC Survey
Nigerian CEOs are aggressively adopting artificial intelligence and exploring new markets as part of broader efforts to future-proof their companies…
Bitcoin Soars Past $97K as China Unleashes $138 Billion Stimulus and Fed Signals Liquidity Shift
Bitcoin shot past $97,000 midweek before settling just below at $96,000, fueled by China’s massive $138 billion liquidity injection and…
OpenAI to Halve Microsoft Revenue Share Amid Corporate Restructuring
OpenAI has informed investors that it plans to significantly reduce the share of its revenue going to Microsoft as part…
US-China Trade Talks Signal De-escalation, But Breakthrough Unlikely
After weeks of speculation, it’s official: top U.S. and Chinese trade officials will meet this weekend in Geneva. But let’s…
Nigeria Must Strengthen AI Regulations to Build Trust and Innovation, Says Microsoft MD
To fully harness the potential of Artificial Intelligence (AI), Nigeria needs to establish a robust regulatory framework, according to Ola…
FMCG Firms See Profits Surge by Over 100% Amid Naira Stability in Q1 2025
The first quarter of 2025 has brought significant financial relief for several fast-moving consumer goods (FMCG) firms in Nigeria, as…
Nigeria’s Internet Usage Declines After 50% Telecom Tariff Hike, Yet MTN Posts Record Data Revenue
Internet usage in Nigeria saw a slight drop following a 50% increase in telecom tariffs approved by the Nigerian Communications…
Microsoft Officially Shuts Down Skype After 22 Years, Shifting Focus to Teams
Microsoft has officially ended support for Skype after 22 years of service, signaling a shift toward its more modern collaboration…
Naira Holds Steady at ₦1,608/$1 as Oil Prices Rebound, Experts Urge Policy Reform
The Nigerian naira maintained relative stability in the parallel market on Tuesday, trading around ₦1,608–₦1,610 per dollar amid a rebound…
GUTA Hails BoG for Cedi Stability, Signals Renewed Business Confidence-GHANA
The Ghana Union of Traders’ Associations (GUTA) has expressed strong approval of the Bank of Ghana’s management of the forex…
Agriculture, Mining Fuel Investment Boom in Taraba Ahead of Taravest 2025
Taraba State is rapidly becoming a magnet for investment in Nigeria’s North-East, with its rich agricultural base, vast mineral deposits,…
Gencos Urge Urgent Meeting with Tinubu Over ₦4.7tn Power Sector Debt
Electricity generation companies (Gencos) are pressing for an immediate meeting with President Bola Tinubu over the massive ₦4.7 trillion debt…