China Pressures U.S. to Scrap Tariffs Ahead of Crucial Switzerland Trade Talks
As the U.S. and China gear up for high-stakes trade negotiations in Switzerland, Beijing has called on Washington to demonstrate…
Day: May 8, 2025
OpenAI Appoints Fidji Simo as CEO of Applications to Drive Global Operations and Growth
OpenAI has announced that Fidji Simo will become its new Chief Executive Officer of Applications, a role aimed at scaling…
CBN Sells N598.3bn NT-Bills Amid Liquidity Surge in the Market
On May 7, 2025, the Central Bank of Nigeria (CBN) held a successful Nigerian Treasury Bill (NTB) auction, raising a…
Airtel Africa Gears Up for Airtel Money IPO, Projects H1 2026 Listing and Robust Financial Performance
Airtel Africa is making significant strides in its preparation for the IPO of Airtel Money, its mobile money service, with…
Lagos Approves Over 37,000 Building Permits in Six Years, Boosts Urban Development
Over the past six years, the Lagos State Government has approved a total of 37,266 building planning permits to drive…
Seplat raises oil output to over 131,000bpd
Seplat Energy Plc has significantly increased its daily hydrocarbon production in the first quarter of 2025, achieving an average of…
Nigeria Moves to Capture $31.8M Informal Export Trade: NEPC and NBS Sign MoU
In a bid to improve the accuracy of Nigeria’s trade statistics, the Nigerian Export Promotion Council (NEPC) and the National…
Pension Fund Investment in Private Equities Soars by 299% Amid Search for Better Returns
In Nigeria, pension fund investments in private equity have surged dramatically by 298.7% in the past five years, growing from…
Senate Approves New VAT Sharing Formula, Strengthens Tax Reform with Passage of Two Key Bills
The Nigerian Senate has approved two key Tax Reform Bills aimed at overhauling the country’s tax system. This is part…
Nigeria Sets Ambitious 2.5 Million Barrels Per Day Oil Production Target for NNPC Ltd.
The Nigerian federal government has set an ambitious target of increasing oil production to 2.5 million barrels per day (bpd)…
Global Food Prices to Drop by 7% in 2025, Led by Declining Rice Costs-GHANA
Global food prices are expected to see a significant decline in 2025, marking a second consecutive year of lower costs.…
Microsoft Triumphs in FTC’s Appeal, Securing $69 Billion Activision Blizzard Acquisition
In a significant legal win for Microsoft, a federal appeals court ruled on May 7, 2025, to reject a challenge…
Trump Administration to Overturn Biden’s Global AI Chip Export Restrictions
The Trump administration is set to rescind and revise a Biden-era regulation that aimed to limit the global export of…
FCMB Names Four New Millionaires in Ongoing Savings Promo
FCMB Millionaire Promo has once again changed the lives of four lucky winners, with each taking home ₦1 million in…
Global Markets Surge Amid Trade Deal Hopes and Fed Uncertainty
On Thursday, Asian shares saw a rise, driven by optimism surrounding a potential trade deal between the U.S. and Britain,…
Africa’s Digital Leap: How Multi-Industry Fintechs Like Redtech Are Powering a Connected Future
Africa’s digital economy is undergoing rapid transformation, with fintechs leading the charge. While traditional players like Moniepoint and Flutterwave have…
GSS Urges Collective Action to Sustain Falling Inflation Trend in Ghana
In its latest update, the Ghana Statistical Service (GSS) reported a slight but consistent decline in national inflation, with April…
Ghana’s Business Confidence Rebounds Under Mahama’s Macroeconomic Stability – Michael Kottoh
During a panel discussion on Channel One TV, Michael Kottoh, Managing Partner at advisory firm Konfidants, highlighted growing optimism among…
SEC Launches Tech Adoption Survey to Accelerize Innovation in Nigerian Capital Market
The Securities and Exchange Commission (SEC) of Nigeria has initiated a technology adoption survey targeted at Capital Market Operators (CMOs),…
Nigeria Fully Repays $3.4bn IMF COVID-19 Loan Principal, Faces Ongoing Interest Charges
Nigeria has officially completed the repayment of the $3.4 billion loan it secured from the International Monetary Fund (IMF) at…